Charity Registration Number : 1112074
## **IRANIAN CHRISTIAN FELLOWSHIP**
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
## **IRANIAN CHRISTIAN FELLOWSHIP**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
FOR THE YEAR ENDED 31 DECEMBER 2024
**Trustees** Dr. Mehrdad Fatehi Rev Samuel Bazmjou Rev Mansour Borji Dr. Charles Gogbashian Mr Malcolm Steer **Charity Number** 1112074 **Registered Office** 158 SUTTON COURT ROAD London W4 3HR **Independent Examiner** VTAX Ltd Aurora House 71-75 Uxbridge Road London W5 5SL
## **IRANIAN CHRISTIAN FELLOWSHIP**
## **CONTENTS**
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees' Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
## **IRANIAN CHRISTIAN FELLOWSHIP**
## **TRUSTEES' REPORT**
## FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and financial statements for the year ended 31 December 2024 .
The **ICF** is a community of God's people, the purpose of which is worship, fellowship and discipleship of people (Church),mostly of Iranian origin but also of other nationalities that relate to and become a genuine part of **ICF** .
The Object of the **ICF** is to advance the Christian religion for the benefit of the public.
The **ICF** is committed to the Great Commission of Mt 28:19-20, in evangelistic outreach to, and discipling of Iranians andother nationalities, firstly in the UK, and then Europe and elsewhere in the world, in cooperation with others of like vision.
In pursuance of these objectives we have weekly, established Church Meetings, Bible Teaching, Prayer, Sunday School,Counselling, and Worship Meetings.
## **Trustees Responsibilities**
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance withapplicable Law and the Generally Accepted Accounting Principles (GAAP) including Financial Reporting Standard 102:The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally AcceptedAccounting Practice).
The Charities Act 2011 require the trustees to prepare financial statements for each financial year which give a true andfair view of the state of affairs of the CIO and of the surplus or deficit of the CIO for that period. In preparing those financialstatements the trustees are required to:
- Select suitable accounting policies and apply them consistently; Observe the methods and principles in the Charities SORP; Make judgements and estimates that are reasonable and prudent;
- State whether applicable UK Accounting Standards have been followed, subject to any material departuresdisclosed and explained in the financial statements; Prepare financial statements on the going concern basis unless it is inappropriate to presume that the CIOwill continue in existence.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any timethe financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Governing Document. They are alsoresponsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention anddetection of fraud and other irregularities.
This report was approved by the trustees and signed on its behalf by:
----------------------------------------------------
## **Mr Malcolm Steer**
## **Yes**
Date : 31 December 2024
Page 1 of 9
## **IRANIAN CHRISTIAN FELLOWSHIP**
## **INDEPENDENT EXAMINER'S REPORT**
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent Examiner’s Report to the Trustees of Iranian Christian Fellowship
I report to the Charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which consists of the statement of financial activities,balance sheet and the related notes
## **Responsibilities and basis of report**
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act')
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent Examiner's Statement**
- the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Name: Mojtaba Vahid for and on behalf of VTAX Ltd Date: 22 September 2025
Page 2 of 9
## **IRANIAN CHRISTIAN FELLOWSHIP**
## **STATEMENT OF FINANCIAL ACTIVITIES**
FOR THE YEAR ENDED 31 DECEMBER 2024
|**Recommended**
**categories by activity**
**Notes**
**Income and**
**endowments from:**
Donations and legacies
2
Charitable activities
3
Other trading activities
4
**Total**
**Expenditure on:**
Raising funds
5
Charitable activities
6
**Total**
Net income
**Net movement in**
**funds**
**Reconciliation of**
**funds:**
Total funds brought
forward
**Total funds carried**
**forward**|**Unrestricted**
**funds**
**£**
102,613.84
1,288.46
6,720.00
**110,622.30**
1,450.00
78,297.99
**79,747.99**
30,874.31
**30,874.31**
97,956.00
**128,830.31**|**Restricted**
**income funds**
**£**
27,583.83
-
-
**27,583.83**
-
22,600.00
**22,600.00**
4,983.83
**4,983.83**
-
**4,983.83**|**Total Funds**
**2024**
**£**
130,197.67
1,288.46
6,720.00
**138,206.13**
1,450.00
100,897.99
**102,347.99**
35,858.14
**35,858.14**
97,956.00
**133,814.14**|**Total Funds**
**2023**
**£**
97,327.00
589.00
1,240.00|
|---|---|---|---|---|
|||||**99,156.00**|
|||||-
71,321.00|
|||||**71,321.00**|
|||||27,835.00|
|||||**27,835.00**
70,121.00|
|||||**97,956.00**|
Page 3 of 9
## **IRANIAN CHRISTIAN FELLOWSHIP**
## **BALANCE SHEET**
FOR THE YEAR ENDED 31 DECEMBER 2024
|**ALANCE SHEET**
OR THE YEAR ENDED 31 DECEMBER 2024|||
|---|---|---|
|**Recommended categories by**
**activity**
**Notes**
**Unrestricted**
**funds**
**£**
**Restricted**
**income funds**
**£**
Current assets
Debtors
8
19,081.00
-
Cash at bank and in hand
9
138,492.14
(22,600.00)
**Total current assets**
157,573.14
(22,600.00)
Creditors: amounts falling due
within one year
10
1,159.00
-
**Net current assets/(liabilities)**
156,414.14
(22,600.00)
Total net assets
156,414.14
(22,600.00)
**Funds of the Charity**
Unrestricted funds
11
128,830.31
Restricted income funds
11
4,983.83
Endowment funds
11
**Total funds**
128,830.31
4,983.83|**Total Funds**
**2024**
**£**
19,081.00
115,892.14
134,973.14
1,159.00
133,814.14
133,814.14
128,830.31
4,983.83
-
133,814.14|**Total Funds**
**2023**
**£**
19,081.00
80,034.00
99,115.00
1,159.00
97,956.00
97,956.00
97,956.00
-
-|
|||97,956.00|
The financial statements were approved by the trustees on 31 December 2024 and signed on its behalf by:
## **Mr Malcolm Steer**
## **Yes**
Date : 31 December 2024
Page 4 of 9
## **IRANIAN CHRISTIAN FELLOWSHIP**
## **NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 DECEMBER 2024
## **1. Accounting Policies**
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
## **1.1 Basis of preparation**
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
## **1.2 Going concern**
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
## **1.3 Income from donations or grants**
Income from donations and grants is recognised when the charity is entitled to the funds, the receipt is probable and the amount can be measured reliably. For donations, this is usually on receipt. For grants, this is usually when a formal o'er is made in writing. If a donation or grant contains terms and conditions outside of the charity’s control which must be met before the charity is entitled to the funds, or if the donor specifies that the funds must be used in future time periods, then the income is deferred.
## **1.4 Legacies**
Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.
## **1.5 Tax reclaims on donations and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
## **1.6 Contractual income and performance related grants**
This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions.
## **1.7 Income from charitable activities**
Income from charitable activities is recognised over the period to which the income relates. Concert fees are recognised at the date of the event. Membership fees are recognised over the period of the membership. Rent is recognised over the period to which it relates. Any amounts relating to future periods are deferred.
Page 5 of 9
## **1.8 Expenditure**
Expenditure is recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be estimated reliably. It is inclusive of VAT which cannot be recovered.
Direct costs are those costs which directly attribute to its activities. Wages and salaries are allocated to direct costs based on an estimate of time spent on charitable activities by staff members.
Support costs include staff costs and are those which do not produce a direct output. Staff costs relate to specific activities and this is reflected in the allocation of payroll costs based on the percentage of time spent.
All costs, including governance costs, are allocated between the expenditure categories of the charity on a basis designed to reflect the use of the resource. Costs relating to a particular activity are charged directly; others are apportioned on an appropriate basis.
Support costs and overheads have been calculated by allocating staff time to the level of involvement in the various activities of the Charity.
## **1.9 Creditors**
The charity has creditors which are measured at settlement amounts less any trade discounts.
## **1.10 Intangible fixed assets**
The Charity held no Intangible fixed assets or investments during this or the previous financial period.
## **1.11 Tangible fixed assets**
The Charity held no tangible fixed assets or investments during this or the previous financial period.
## **1.12 Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
## **2. Income from Donations and Legacies**
|**Analysis**
**Unrestricted funds**
**Restricted income**
**funds**
**£**
**£**
Donation
and gifts
-
Armenia
8,050.00
-
Donation
and gifts
-
Hamgam
35,846.79
27,583.83
Donation
and gifts
- ICF
58,717.05
-
**Total**
**102,613.84**
**27,583.83**
**3. Income from Charitable Activities**
**Analysis**
**Unrestricted funds**
**£**
Bank Interest
1,288.46
**Total**
**1,288.46**
**4. Income from Other Trading Activities**
**Analysis**
**Unrestricted funds**
**£**
Events
6,720.00
**Total**
**6,720.00**|**Total funds 2024**
**£**
8,050.00
63,430.62
58,717.05
**130,197.67**
**Total funds 2024**
**£**
1,288.46
**1,288.46**
**Total funds 2024**
**£**
6,720.00
**6,720.00**|**Total funds 2023**
**£**
-
-
97,327.00|
|---|---|---|
|||**97,327.00**|
|||**Total funds 2023**
**£**
589.00|
|||**589.00**|
|||**Total funds 2023**
**£**
1,240.00|
|||**1,240.00**|
## **3. Income from Charitable Activities**
## **4. Income from Other Trading Activities**
Page 6 of 9
## **5. Expenditure on Raising Funds**
|**Analysis**
Sundry Expenses - Hamgam
Total|**Total funds 2024**
**£**
1,450.00
1,450.00|
|---|---|
||**2,900.00**|
## **6. Expenditure on Charitable Activities**
|**Analysis**
Cleaning of Premises - Armenia
Cleaning of Premises - ICF
Church decoration - Armenia
Accountants fees - ICF
Accountants fees - Armenia
Conference Cost - ICF
Computer Expenses - ICF
Gifts, Tithes, Ofering - ICF
Insurance Costs - ICF
Ministry Expenses ICF
Sundry Expenses - ICF
Sunday School - ICF
Telephone, Internet and Fax - ICF
Travel and Hospitality Expenses - ICF
Light, Heat and Power - ICF
Water and Sewerage - ICF
Website Costs - ICF
Property Repairs and Renewals - ICF
Membership subscriptions - ICF
Conference Cost - Hamgam
Gifts, Tithes, Ofering - Armenia
Insurance Costs - Armenia
Ministry Expenses - Hamgam
Ministry Expenses - Armenia
Telephone, Internet and Fax - Armenia
Light, Heat and Power - Armenia
Water and Sewerage - Armenia
Property Repairs and Renewals - Armenia
Bank charges
Wages and salaries
Stationary & Postage - ICF
Church decoration - ICF
Event expenses - ICF
Member Visit Costs
Woman's Session costs - ICF
Equipment - Sound System - ICF
Communion Supplies - ICF
Transport Ticket, Gift and Food for Refugees
Leadership Meeting - ICF
Staf costs Pension - ICF
Wages and salaries - Hamgam
Total
Support Costs|**Total funds 2024**
**£**
176.80
353.60
85.55
333.33
166.67
8,808.00
-
4,400.33
1,528.50
3,000.57
608.97
315.88
934.51
20.00
2,166.03
987.70
154.68
247.81
263.00
2,696.00
3,150.00
764.25
14,131.93
5,500.00
467.26
1,083.02
493.85
123.90
4.29
16,889.30
65.66
171.10
470.92
249.87
20.20
4.99
960.00
232.50
76.98
1,190.04
27,600.00
100,897.99
-|**Total funds 2023**
**£**
-
-
-
-
-
7,905.00
1,621.00
21,661.00
2,252.00
9,288.00
451.00
1,211.00
240.00
538.00
2,369.00
-
2,494.00
-
-
-
-
-
-
-
-
-
-
-
-
19,312.00
-
-
-
-
-
-
-
-
-
959.00
-
70,301.00
1,020.00|
|---|---|---|
||**201,795.98**
**141,622.00**||
Page 7 of 9
## **7. Support Costs**
|**Analysis**
**Total funds 2024**
**£**
**Support Costs**
**Governance Costs**
Accountants fees
-
**-**
**8. Debtors: Amounts falling due within one year**
**Total funds 2024**
**£**
Other debtors
19,081.00
**Total**
**19,081.00**
**9. Cash at bank and in hand**
**Total funds 2024**
**£**
BARCLAYS
3,000.00
BARCLAYS Premium Account (Saving)
112,883.14
Cash at bank and in hand
9.00
**Total**
**115,892.14**
**10. Creditors: Amounts falling due within one year**
**Total funds 2024**
**£**
Other creditors
1,159.00
**Total**
**1,159.00**|**Total funds 2024**
**£**
-|**Total funds 2023**
**£**
1,020.00|
|---|---|---|
||**-**|**1,020.00**|
|||**Total funds 2023**
**£**
19,081.00|
|||**19,081.00**|
|||**Total funds 2023**
**£**
3,000.00
76,780.00
254.00|
|||**80,034.00**|
|||**Total funds 2023**
**£**
1,159.00|
|||**1,159.00**|
## **8. Debtors: Amounts falling due within one year**
## **9. Cash at bank and in hand**
## **10. Creditors: Amounts falling due within one year**
Page 8 of 9
## **11. Charity funds**
## **11.1 Details of material funds held and movements during the CURRENT reporting period**
|**Fund names**
**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
**Unrestricted**
**funds**
**General Fund**
-
110,622.30
79,747.99
-
-
30,874.31
27,835.00
-
-
-
-
27,835.00
**Unrestricted**
**General Funds**
70,121.00
-
-
-
-
70,121.00
**Restricted**
**income funds**
**Restricted**
**income funds**
-
27,583.83
22,600.00
-
-
4,983.83
**Total**
**97,956.00**
**138,206.13**
**102,347.99**
**-**
**-**
**133,814.14**
**11.2 Details of material funds held and movements during the PREVIOUS reporting**
**period**
**Fund names**
**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
**Unrestricted**
**funds**
-
99,156.00
71,321.00
-
-
27,835.00
**Unrestricted**
**General Funds**
**70,121.00**
**-**
**-**
**-**
**-**
**70,121.00**
**Total**
**70,121.00**
**99,156.00**
**71,321.00**
**-**
**-**
**97,956.00**|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**£**
**£**
**£**
**£**
**£**
-
110,622.30
79,747.99
-
-
27,835.00
-
-
-
-
70,121.00
-
-
-
-
-
27,583.83
22,600.00
-
-|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**£**
**£**
**£**
**£**
**£**
-
110,622.30
79,747.99
-
-
27,835.00
-
-
-
-
70,121.00
-
-
-
-
-
27,583.83
22,600.00
-
-|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**£**
**£**
**£**
**£**
**£**
-
110,622.30
79,747.99
-
-
27,835.00
-
-
-
-
70,121.00
-
-
-
-
-
27,583.83
22,600.00
-
-|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**£**
**£**
**£**
**£**
**£**
-
110,622.30
79,747.99
-
-
27,835.00
-
-
-
-
70,121.00
-
-
-
-
-
27,583.83
22,600.00
-
-|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**£**
**£**
**£**
**£**
**£**
-
110,622.30
79,747.99
-
-
27,835.00
-
-
-
-
70,121.00
-
-
-
-
-
27,583.83
22,600.00
-
-|**Fund**
**balances**
**carried**
**forward**
**£**
30,874.31
27,835.00
70,121.00
4,983.83|
|---|---|---|---|---|---|---|
||**97,956.00**
**138,206.13**
**102,347.99**
**-**||||**-**|**133,814.14**|
||**70,121.00**
**-**||**-**|**-**|**-**|**70,121.00**|
||||||||
||**70,121.00**
**99,156.00**
**71,321.00**
**-**||||**-**|**97,956.00**|
## **12. TRUSTEES AND OTHER RELATED PARTIES**
No payments were made to trustees or any persons connected with them during this financial period. No materialtransaction took place between the organisation and a trustee or any person connected with them.
## **13. RISK ASSESSMENT**
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining thefree reserves stated, combined with the annual review of the controls over key financial systems carried out on an annualbasis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined otheroperational and business risks which they face and confirm that they have established systems to mitigate the significantrisks.
## **14. RESERVES POLICY**
The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is basedon the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able tocontinue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. TheTrustees 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 arefor the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trusteesconfirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding whatactivities the charity should undertake.
Page 9 of 9