Charity Registration Number : 1112074
IRANIAN CHRISTIAN FELLOWSHIP
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
IRANIAN CHRISTIAN FELLOWSHIP
CONTENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
| Legal and Administrative Information ...................................................................................................... |
1 |
|---|---|
| Trustees' Report ...................................................................................................................................... |
2 |
| Independent Examiner's Report .............................................................................................................. |
3 |
| Statement of Financial Activities ............................................................................................................. |
4 |
| Balance Sheet ......................................................................................................................................... |
5 |
| Notes to the Financial Statements .......................................................................................................... |
6 |
IRANIAN CHRISTIAN FELLOWSHIP
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2025
Trustees Charity Number Registered Office Independent Examiner
Dr. Mehrdad Fatehi Rev Samuel Bazmjou Rev Mansour Borji Dr. Charles Gogbashian Mr Malcolm Steer
1112074
158 SUTTON COURT ROAD London W4 3HR
VTAX Ltd Aurora House 71-75 Uxbridge Road London W5 5SL
Page 1 of 10
IRANIAN CHRISTIAN FELLOWSHIP
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees present their annual report and financial statements for the year ended 31 December 2025.
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 and other 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 with applicable 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 Accepted Accounting Practice).
The Charities Act 2011 require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the CIO and of the surplus or deficit of the CIO for that period. In preparing those financial statements 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 departures disclosed and explained in the financial statements;
Prepare financial statements on the going concern basis unless it is inappropriate to presume that the CIO will continue in existence.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Governing Document. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the trustees and signed on its behalf by:
Mr Malcolm Steer yes
M Stee�
Date : 26 March 2026
Page 2 of 10
IRANIAN CHRISTIAN FELLOWSHIP
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
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 2025 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 charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
-
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: 26 March 2026
Page 3 of 10
IRANIAN CHRISTIAN FELLOWSHIP
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2025
| 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/(expenditure) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds £ 86,791.54 1,548.92 1,770.00 90,110.46 - 90,786.32 90,786.32 (675.86) (675.86) 128,830.31 128,154.45 |
Restricted funds £ 1,000.00 - - 1,000.00 - - - 1,000.00 1,000.00 4,983.83 5,983.83 |
Total Funds 2025 £ 87,791.54 1,548.92 1,770.00 91,110.46 - 90,786.32 90,786.32 324.14 324.14 133,814.14 134,138.28 |
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 |
Page 4 of 10
IRANIAN CHRISTIAN FELLOWSHIP
BALANCE SHEET
FOR THE YEAR ENDED 31 DECEMBER 2025
| Recommended categories by activity Notes Current assets Debtors 7 Cash at bank and in hand 8 Total current assets Creditors: amounts falling due within one year 9 Net current assets/(liabilities) Total net assets Funds of the Charity Unrestricted funds 10 Restricted funds 10 Endowment funds 10 Total funds |
Unrestricted funds £ 20,590.00 108,723.45 129,313.45 1,159.00 128,154.45 128,154.45 128,154.45 128,154.45 |
Restricted funds £ - 5,983.83 5,983.83 - 5,983.83 5,983.83 5,983.83 5,983.83 |
Total Funds 2025 £ 20,590.00 114,707.28 135,297.28 1,159.00 134,138.28 134,138.28 128,154.45 5,983.83 - 134,138.28 |
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 |
The financial statements were approved by the trustees on 26 March 2026 and signed on its behalf by:
Mr Malcolm Steer yes
Date : 26 March 2026
MStee�
Page 5 of 10
IRANIAN CHRISTIAN FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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.
2. Income from Donations and Legacies
| Analysis Unrestricted funds Restricted funds £ £ Donation and gifts - Armenia 8,050.00 - Donation and gifts - Hamgam 27,095.00 - Donation and gifts - ICF 51,646.54 1,000.00 Total 86,791.54 1,000.00 3. Income from Charitable Activities Analysis Unrestricted funds £ Bank Interest 1,428.92 Sale of Good 120.00 Total 1,548.92 4. Income from Other Trading Activities Analysis Unrestricted funds £ Events 1,770.00 Total 1,770.00 |
Total funds 2025 £ 8,050.00 27,095.00 52,646.54 87,791.54 Total funds 2025 £ 1,428.92 120.00 1,548.92 Total funds 2025 £ 1,770.00 1,770.00 |
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 |
3. Income from Charitable Activities
4. Income from Other Trading Activities
Page 6 of 10
5. Expenditure on Raising Funds
| 5. Expenditure on Raising Funds | |
|---|---|
| Analysis Sundry Expenses - Hamgam Total |
Total funds 2024 £ 1,450.00 |
| 1,450.00 |
Page 7 of 10
6. Expenditure on Charitable Activities
| Analysis | Unrestricted funds | Total funds 2025 | Total funds 2024 |
|---|---|---|---|
| £ | £ | £ | |
| Cleaning of Premises - Armenia | 91.50 | 91.50 | 176.80 |
| Cleaning of Premises - ICF | 183.00 | 183.00 | 353.60 |
| Church decoration - Armenia | 25.98 | 25.98 | 85.55 |
| Accountants fees - ICF | 5,066.67 | 5,066.67 | 333.33 |
| Accountants fees - Armenia | 2,533.33 | 2,533.33 | 166.67 |
| Conference Cost - ICF | 1,850.00 | 1,850.00 | 8,808.00 |
| Computer Expenses - ICF | 14.99 | 14.99 | - |
| Gifts, Tithes, Ofering - ICF | 4,206.52 | 4,206.52 | 4,400.33 |
| Insurance Costs - ICF | 1,564.44 | 1,564.44 | 1,528.50 |
| Ministry Expenses ICF | 147.32 | 147.32 | 3,000.57 |
| Sundry Expenses - ICF | 316.57 | 316.57 | 608.97 |
| Sunday School - ICF | 89.36 | 89.36 | 315.88 |
| Telephone, Internet and Fax - ICF | 788.35 | 788.35 | 934.51 |
| Travel and Hospitality Expenses - ICF |
417.51 | 417.51 | 20.00 |
| Light, Heat and Power - ICF | 2,369.22 | 2,369.22 | 2,166.03 |
| Water and Sewerage - ICF | 343.96 | 343.96 | 987.70 |
| Website Costs - ICF | 155.88 | 155.88 | 154.68 |
| Property Repairs and Renewals - ICF |
3,478.04 | 3,478.04 | 247.81 |
| Membership subscriptions - ICF | 320.00 | 320.00 | 263.00 |
| Conference Cost - Hamgam | 3,000.00 | 3,000.00 | 2,696.00 |
| Gifts, Tithes, Ofering - Hamgam | 6,923.00 | 6,923.00 | - |
| Gifts, Tithes, Ofering - Armenia | 1,200.00 | 1,200.00 | 3,150.00 |
| Insurance Costs - Armenia | 782.22 | 782.22 | 764.25 |
| Ministry Expenses - Hamgam | 5,512.50 | 5,512.50 | 14,131.93 |
| Ministry Expenses - Armenia | 900.00 | 900.00 | 5,500.00 |
| Telephone, Internet and Fax - Armenia |
394.18 | 394.18 | 467.26 |
| Travel and Hospitality Expenses - Hamgam |
410.00 | 410.00 | - |
| Light, Heat and Power - Armenia | 1,184.61 | 1,184.61 | 1,083.02 |
| Water and Sewerage - Armenia | 171.98 | 171.98 | 493.85 |
| Property Repairs and Renewals - Armenia |
1,734.03 | 1,734.03 | 123.90 |
| Bank charges | 13.62 | 13.62 | 4.29 |
| Wages and salaries | 17,624.25 | 17,624.25 | 16,889.30 |
| Stationary & Postage - ICF | 69.70 | 69.70 | 65.66 |
| Church decoration - ICF | 51.95 | 51.95 | 171.10 |
| Event expenses - ICF | 2,050.03 | 2,050.03 | 470.92 |
| Member Visit Costs | 491.09 | 491.09 | 249.87 |
| Woman's Session costs - ICF | 199.50 | 199.50 | 20.20 |
| Equipment - Sound System - ICF | 835.34 | 835.34 | 4.99 |
| Communion Supplies - ICF | 7.80 | 7.80 | 960.00 |
| Transport Ticket, Gift and Food for Refugees |
384.73 | 384.73 | 232.50 |
| Leadership Meeting - ICF | 166.47 | 166.47 | 76.98 |
Page 8 of 10
| Staf costs Pension - ICF 1,236.68 1,236.68 Event Expenses - Hamgam 200.00 200.00 Charity management & administration - Hamgam 2,980.00 2,980.00 Gifts, Tithes, Ofering - ICF / Hamgam 6,000.00 6,000.00 Wages and salaries - Hamgam 12,300.00 12,300.00 Total 90,786.32 90,786.32 7. Debtors: Amounts falling due within one year Analysis of Debtors Total funds 2025 £ Other debtors 20,581.00 Trade creditors 9.00 Total 20,590.00 8. Cash at bank and in hand Analysis Total funds 2025 £ BARCLAYS 3,000.00 BARCLAYS Premium Account (Saving) 110,594.64 Cash at bank and in hand 1,112.64 Total 114,707.28 9. Creditors: Amounts falling due within one year Analysis of Creditors Total funds 2025 £ Other creditors 1,159.00 Total 1,159.00 |
1,190.04 - - - 27,600.00 |
|---|---|
| 100,897.99 | |
| Total funds 2024 £ 19,081.00 - |
|
| 19,081.00 | |
| Total funds 2024 £ 3,000.00 112,883.14 9.00 |
|
| 115,892.14 | |
| Total funds 2024 £ 1,159.00 |
|
| 1,159.00 |
7. Debtors: Amounts falling due within one year
8. Cash at bank and in hand
9. Creditors: Amounts falling due within one year
Page 9 of 10
10. Charity funds
10.1 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 Unrestricted General Funds 70,121.00 - - 510.00 - 70,631.00 General Fund 30,874.31 90,110.46 90,786.32 (510.00) - 29,688.45 27,835.00 - - - - 27,835.00 Restricted funds Restricted funds 4,983.83 1,000.00 - - - 5,983.83 Total 133,814.14 91,110.46 90,786.32 - - 134,138.28 10.2 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 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 funds Restricted funds - 27,583.83 22,600.00 - - 4,983.83 Total 97,956.00 138,206.13 102,347.99 - - 133,814.14 |
Fund balances brought forward Income Expenditure Transfers Gains and losses £ £ £ £ £ 70,121.00 - - 510.00 - 30,874.31 90,110.46 90,786.32 (510.00) - 27,835.00 - - - - 4,983.83 1,000.00 - - - |
Fund balances brought forward Income Expenditure Transfers Gains and losses £ £ £ £ £ 70,121.00 - - 510.00 - 30,874.31 90,110.46 90,786.32 (510.00) - 27,835.00 - - - - 4,983.83 1,000.00 - - - |
Fund balances carried forward £ 70,631.00 29,688.45 27,835.00 5,983.83 |
|---|---|---|---|
| 133,814.14 91,110.46 90,786.32 - |
- | 134,138.28 | |
| 97,956.00 138,206.13 102,347.99 - |
- | 133,814.14 |
11. 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.
12. 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.
13. 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.
14. 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 10 of 10
Document Details
IP 169.254.254.2 Time stamp 2026-04-13 15:56:56 Email mssteer@aol.com Name AnnualReport_03262026 Browser & Version Document History Document AnnualReport_03262026 created. 13-04-2026 14:40 Signer Malcolm added to the document 13-04-2026 14:40 AnnualReport_03262026. Reminder set to the document 13-04-2026 14:45 AnnualReport_03262026. Document has sent for signature to Malcolm 13-04-2026 14:45 (mssteer@aol.com).