Charlty No: 1123467 INTERNATIONAL CHRISTIAN FELLOWSHIP (ICF) REPORT AND FINANCIAL STATEMENTS For the year ended 31st March 2024
INTERNATIONAL CHRISTIAN FELLOWSHIP IICF) CONTENTS Legal and administrallve information Trustees, report Independent axaminers, report Statement of financial actlvities Balance sheet 10 Notes to the financial statements 11.46
INTERNATIONAL CHRISTIAN FELLOWSHIP IICF) LEGAL AND ADMINISTRATIVE INFORMATION Registered Charlty Name INTERNATIONAL CHRISTIAN FELLOWSHIP (ICF) Charity number 1123467 Trustees.. Rodolfo Riv&ra (Chairman) Elena Vera (Secretary) Eddre Briones Jennifer Joyce Lamug R8gi8 Gadayan fvTanagement Eddie Brlones R8gistered Office St Francis Centre Gl8n Side, Vvoodgate Valley Birmingham 832 3RU Independent Examiner5 Nadia Khan of MNSK LimÉted 2C6 Robin Hood Lane Hall Green Birmingham West Midlands B28 OLG Bank Lloyds Bank 125 Colmore Row Birmingham B3 3SD
INTERNATIONAL CHRISTIAN FELLOWSHIP (ICF Truste88' report for the year ended 31st March 2024 ANNUAL REPORT OF THE TRUSTEES forthe eriod endln 31st March 2024 The trustees pres8nt their annual report logelher with the financial statements for the period ending 31st March 2024. The objectlves of the charity are: To provide a place for fellowship and worship to Almighty of Christian faith and belief and to advance this in Bimiingham 8nd other parts of the country and of the world,. to provide Christian education and training. and to promote charilable activities to help paople who are in need, The charity constitules a public benefit entity and th6 trustees have complied with the duty in section 17{5) of the 2011 Charities Actto have due regard to public benefit guidance Publish bythe Charty Commission, ICF are not acting as custodians of any 3rd party's assets, and the Iruslees ar8 not Custodians of any of the Charity's assets. Prospective trust8es are members of the Church congregation. New trustees 8re approached by the Board to gauge their interest. The Board members then vot& to appoint any new trustees. Summary of the main achlevements of the charity durlng the year.. Church Activitles., ICF provides a place of worship to the communty on 8 regular basis, including fellowships, regular prayer gathering, bible studie8 and leadership trainings. Th888 were carried out throughout the financial year onwards. ICF gives regularly to global mission particularly in the Philippines. It includes a British missionary family based in the Philippin8s and Filipino missionary family formerly based in Malaysia bLrt now moved to Ihe Philippines. ICF are also supporting churches and indigenous groups in the country depending on the availability of funds. Building Management: ICF continues to employ a building administrator, administrative assistant, and a cl8aner as it'8 building staff on a part time basis. There are also a few volunteers who continually offer their support to the charity. They are valuable assets to the operation. ICF continues to offerthe hall and other parts of the building for minimal rent {whenev8r available} for learning activities, community activities, physical exercises, family and other organisational accasions. ICF continues to make building improvements on the property. This year, a major roof repair was accomplished as projected from previous year. The bullding security syst8m was also upgraded. The cost for these projects amounted to £7,000. The current available building fund is £1,135.
ICF continue to hold a voluntary donation campaign titled, 'Projecl Malachi. to fund targeted projects. Sinc8 the project was launched in 2014, ICF have raised a total of£29.285.04 through voluntary giving. In previous years, the team were able to complete different building improvement projects such as boiler replacement, sound system. office refurbishment, CCTV, hall flooring, roof repair, shutter door replacement, and improvement, etc. Community Involvement: ICF continue lo welcome and assist community 8ctivitie8 from various partners (such as Coffee Morning, Woodgate Valley Community Association, Job Club, Birmingham 128 Pioneer Scouts, Birmingham Council Advice Bureau, Commission on Elections, Labour Party Community Grcup, Dance and Exercises Group, elc.) This y&ar, the church supported indigenous communities, churches, and organisations in the Philippines through financial help and food giving. Locally, ICF initiated donations of ess6ntial items for homeless patients and residents of a nearby hospital and care home respectively. ICF also donated a small amount lo Agape UK for their charitablg seNices in the UK. The team also raised funds for the Macmi51an Cancer Research through a cake sale at Coffee Morning. A food bank proj&LI in partnership with Local Labour Party, is in progress. The need to support less fortunate members of the community will banefit from this 88pecially with the rising cost of living. Brief statement of the charity's policy on reserves: ICF maintain a balance on unrestricted funds lo cover any em8rgency situations from time lo time and for sustainability purposes. The reserve levels amount to £38,000. This is equivalent lo 6 months of the estim8lad monthly expenses of£8.000 (rounded), Details of any funds matèrially in deficit: There are no funds materially deficit this year.
INTERNATIONAL CHRISTIAN FELLOWSHIP (ICF} Trustees, report st for the year ended 31 March 2024 (continued Funds ICF is mainly funded with the voluntary contributions made by church members and guests (such as Sunday Collections). Tha charity avails the Gift Aid Program which tremendously help Sustain it'5 financial operations. Malachl Project are funds collected from donalions from church members and cthers on a voluntary basis. It started in 2014 and continues on a rolling basis. The funds are restricted for building improvement proj8cls which are being decided by the leaders, Church leaders agree via formal meeting if there is a need to get additional funds from the unrestricted funds especially when the project is costly and necessary. Fund5 are included in cash in bank and are released as per need arises and as per approval. Accounting is maintained for Ihis restricted fund. Rent Income are funds received from Other organisations and are vital for the continuous OP8ration of the building. A local nursery continually hir8s a part of the building, which caters to the needs of young children in the area. This continues to help the charty with financial needs in the operation and mainl8n8nce of the building. ICF are willing 8nd open to look and apply for grants applicable mainly to the needs of th8 building, shculd the need and opportunity arise. Financial summary During the year 202312024, ICF received InMe of £74k- an incr68se of £5k (7/0) from 202212023. Resources expended during the year 2023r2024 amounted to £73k - an increas8 of £6k (9¥0> from previous year. As with previous years. 1000A of expenditures spent on charit8b16 aclivities. Unrestricted funds carrted forward on 3161 March 2024 were £154,858 and restricted funds. carry forward were £1,135 as on 318f March 2024.
INTERNATIONAL CHRISTIAN FELLOWSHIP (ICFI Triisloe8' raporl for the year elided 311t March 2024 {oontliiiiad} Flnanclal rovlèw d9ts118 ICF13 malnly funded wllh the voluntary contrlbullons made by ¢hiirch members and gue818 (such a8 Sunday CollGciton$ I loose plale colle¢llon$), The cliarily avails Iho Gift Ald Prooram which tremendously help sustaln its financial oporallons. Thls year ICF liave continued Ili¢ donrlllon campalgn ehlitled, Project Malaclil, whlch Is almed ai Improving Ihe hulSdin9 and Il's fadlllies las aforemenlioned). Reiil Incom6 ccmlng from olher orgonisatlons are alao vltal lo the continuous operallon pf the bulldlng. A local nursery Coiitinually hlre8 a part of the building to C<iler lo Ihe n¢eds of young Chlldien in the area. Thls conllnues lo help Ihe Charity on Ils financlal needs in the operallon and mainlenan¢e of the biiilding. Without whlch, Itwould be difficult to suslaln the needs of the cenlre. ICF'S major expendllurÈs Illke expenses on church and communily, bulldin9 mainl&nance feftecl the susloiian¢e and achievèmenls of Il's oblecllves. ICF arp willing and open lo look and apply for giant5 applicable mainly lo the needs of Ihe bullcling, should the need and opportunlty arise Other Informatlon alrman odolfo Rlvèra Triiste9 ddle Briones Date.. 21 01.202 Data: ?3
INTERNATIONAL CHRISTIAN FELLOWSHIP (ICF) Independent examiners. report for the year ended 3151 March 2024 Inde endent examiner's re FELLOWSHIP ICF ort to the Trustees of INTERNATIONAL CHRISTIAN I report to the trustees on my examination of the accounts of INTERNATIONAL CHRISTIAN FELLOWSHIP (ICFI for the year ended 3110312024, which are set out on pages 9 to 10. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 1 the Act'l. I report in respect of my examination of the trustee's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 14515){bl of the 2011 Act. Independent examiner's ststement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect ofthe Trust as required by section 130 of the Act., or the accounts do not accord with those 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 'lrue 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. Nadia Khan - FCA FCCA MNSK Limited 206 Robin Hood Lane Hall Green Birmingham West Midlands B28 OLG Date.. 13Jol 120
INTERNATIONAL CHRISTIAN FELLOWSHIP {ICF) STATEMENT OF FINANCIAL ACTIVITIES for th8 year ended 31st March 2024 Unrestrlcted Funds 2024 Restrl¢ted Funds 2024 Total Funds 2024 Total Fund8 2023 Nots8 Incomlng resour¢es Incomlng resources from gonoratod funds Voluntsry receipts 30,718 30,718 31,327 Charitsble a¢tivitie5 31,769 3,010 34,779 30,020 Other recelpts 8,483 8,483 8,070 Total Incomlng rèsources 70,970 3,010 73,980 69,417 Expenditurg on: Charitable activities 63,794 7,220 71,014 65,476 G0vornan cost 2.146 2,146 1,580 Tolal resources expended 65,940 7,220 73,160 67,036 Nat movement In funds 6,030 (4,2101 820 2.381 Reconcillatlon of funds Tolal funds brought forward 149,828 6,345 156,173 152.793 Total funds carried fOard 154,858 1,135 165,993 155,173 The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities. The notes on page 1110 16 fomi part of th@se financial statements.
INTERNATIONAL CklRISTIAN FCLI.OW8trllP {Icr) STATEMENT or FINANCIAL PO8ITION A8 AT 3111 MarGlI 2024 2024 2023 Noto Flxod a88ets Tangik)le fixed assols 5,1318 97.004 Ciitronl assots Cash al baiik and in liand 62,174 62,174 60,895 Crodllors: gniouiits falllny duo wllliin ono year (1,7991 {2,72g) Not curr¢nt as4ols 80,375 S8,169 Net a8s0ts 155,993 166,173 Ropro8èntod by: Unreslriclod flind8 149.828 Reslri¢ted funds 1,135 5,345 Total luiids 155,993 15 Jf,17 The noies on page 11 lo 16 form parl ol Ihese financial Slalemenl$. The fin%inclal statements were approved Ilie goard of TnJst&es on signed on Ils belialf by.. 21 01. 2025 and were alrinan odolfo Rlvera 8tFJa Idlo Brlonos
INTERNATIONAL CHRISTIAN FELLOWSHIP (ICFI NOTES TO THE FINANCIAL STATEMENTS st for Ihe year ended 31 March 2024 Summary of slgnlflcant accountlng pollclo8 (a) G8n8ral Informatlon and basls of preparaflon ICF is r8glst6red charity in Unitgd Kingdom, ICF is mainly funded wllh the voluntary contributions made by ohurch members and guests (such as Sunday Collections11008e plate collections). Thg charity does not re1ve any grants from any other entity. However, th6 charity avalls Gift Aid Program whi¢h tremendously help sustain its financlal operations. Rent income coming from oth&r organisations are al80 vit811o the continuous operation of tha building. A local nursery hires a part of the building to cater to the needs of young children in the area. Thls continues to help the charity on ils financial needs in tha operation and maintenanca of the building. The charity conslitules a public benefit entity a8 defined by FRS 102. The financial statamènts have been prepared In accordance with Accounting a1 Reporting by Charities: Statement of Recommended Practice appIable to charilies preparing their arunt8 in accordanc8 Wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) Issued on 16 July 2014, the Financial Reporting Standard applicablg in the United Kingdom and Republic of Irelond (FRS 1021, and UK Gen8rally Accepted PctIce as It appltes frC 1 January 2015, The financlal statements are prepared on a going ¢on¢ern basis under the histoiical cost convention. flnanaal statements are prepared in sterling which is the fvnctional currency of thè charily and rounded to the nea$t £. The Charfty has taken advantage of the option prOed in SORP IFRS102) to u* headings in the Slalemenl of Fina11 Actiwty that are applicable lo Its OFerations rather than reporting on an activity basis. {b) Funds Unrestricted knnds are available for use &t the dis¢retion of the trustees in furtheran of the gèneral oblactlves of the ¢harity and whlch have not been designated for other purpo88S. Restrlcted funds are funds which are to be used in accordance with specific rastrfctions Imposed by donors or which have been raised by the charity for particular purpos6s. Th8 cost of raising and administering such funds are Charg against th8 specific fund. Thè atm and use of each restricted fund 13 sel out in th@ notes to the financial slatem8nts. (c) Incom8 recognltlon All incoming resources ar8 indudèd in the Slatemenl of Flnanclal Actlvilies <SOFA) when th8 thaNty is legally entitled b the income after any perfomiance conditions have been met, the amount ¢an b6 measured rellably and it is probable Ihal the income will be fftcetved.. {d) Expenditure reCOgniOn All expenditure is accounted for on an accNal basis and has been classified under headings Ih8t aggregate all costs r81ated to the calegory. Expendilure is recognized where there is a legal or constructlV6 obligatlon to make payments to thlrd parties, it is probable that the 8etMement will be required and the amount of tha obligation can be measured reliably. {el Support Costs allocation Support cosls &re those that assist the Wofk of the charity but do not directly represent charitable activities and includ¢ office cosls, govemanc6 COSt8, and adminislraliv8 payroll costs, They are Incurred dir&clly in support of @xpendilure on tha objects of the charty. Wh8ré support cosls oannot be directly altributsd lo partlcular headings they have been allocated to Cost of raising funds and expenditure on charitable activiti on a basis consistent with use of the rosource8. lfj Golng ¢on¢ern Thè financial slalements have been preparecl on a going concgm basis as tha trustees belleve that no material UnrtaIntieS exist. The Irusiees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorlsing thèse financial statements. The budgeted Income and expenditurg is sufficianl with the level of reserves for the ¢harity to be able to contlnu& as a going concern.
INTERNATIONAL CHRISTIAN FELLOWSHIP (ICF NOTES TO THE FINANCIAL STATEMENTS for the year ended 31SI March 2024 Ig) Flxed Assots All fixed asso1$ are inltially recDrded at cost Depreciation 15 calculated so as lo write off the cost ol an asset lasg Its oslimated residual value, over the useful economic life of that assét as follow8= Land and buildlngs are held as freehold Equipmanl 25Vth raducing balance Motor Vehiclas 25% reducing balance Ateath balance Sheet date. the Charity reviews the carrying amounls of its assets lo determine whether there is any indlcation that any items have Suffered an impalmient loss.11 any such indication exists, the recoverable amount of an asset is estimaled in order to detemlna the extent of the impairrnent1088, if any. If the r8coverable amount of an asset is estirnaled to be less than its carrying amount, the carryiryJ amount of the asset is reduced to its recoverabl& amount, lrnpairment loss is recognisad as an 8xpgnse Immediat81y. Where an impaimient108s subsequenily reverses, the carrying amount of Ihe asset is increased to the revised eslimata of its r8coverabl8 amount, to the extent that the increa88d carrying amount does not exceed the carrylng amount that would hav8 been deteIned (net of depreciation} had no impairment loss been recognised for the asset in prior years. A reversal of an impalmient Ios8 18 recognised as income immediately. Analysis of Income 2024 2024 Total 2023 Total Unrestricted Restricted Income Rent Donation - Sunday collection Gift aid and other incorne Special giving Project Malachi 31,769 30,718 8,483 31,769 30.718 8,483 220 2,790 28,479 31,327 7,970 100 1,541 220 2,790 Total 70,970 3,010 73,980 69,417 2a. Analysis of Income 2023- Comparatlves Unrestrictèd Restricted 2023 Total 2022 Total Income Rent Donation - Sunday collection Aeta missions Grft aid and other income HMRC JRS - Granls Sp8cial giving Project Malachi 28,479 31,327 28.479 31,327 16,514 26,342 120 6,426 4,032 3,005 2,250 7,970 7,970 100 1,541 11YJ 1,541 Total 67,776 1,641 69,417 58,689 12
INTERNATIONAL CHRISTIAN FELLOWSHIP (ICF) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31yI March 2024 Analysis of Exp8nse8 2024 2024 Totsl 2023 Totsl Unrèstrl¢tod RgStrlot9d Benevolent giving Mlssion giving Building Insurance Building Security Repairs and maintenanc8 Clèaning Staff cost Utilities Telephone Internel Building Improvements Ministry event expen8e8 Honorarium (Guest, Tnwtees & 1[Stry Lead&r) Pastoral allowance & gifts Li(Enses l.T. cost & office supplies Accessories & equipmenfs Subscription Motor gxpenses Depreciation Governanc8 c08ts Ind8pendent examination Accountancy 1,950 4,252 1,911 5,364 2,310 1,632 19,289 11,226 824 1,950 4,472 1,911 5,364 2,310 1,632 19,289 11,226 824 7,0 2,826 900 8,000 804 1,592 450 4,771 1,812 1,178 4,289 880 30,774 8,178 1,084 220 7,000 2,828 900 6,000 804 1.592 4,046 750 4.D 114 289 1,323 1,849 168 1,359 1,387 168 1,359 1,387 600 1,546 600 1,546 600 Total 66,940 7,220 73,160 67,036 3a. Analy818 Df Expon888 2023 - Comparatives 2023 Total 2022 Unreytricted Rostrl¢tgd Total B&n8vol@nt givlng Mission giving Building insurance Building Security Repair8 and maintenance Cl@aning Staff cost Ulilities Telephone and Internel Ministry event expenses Honorarium IGuesL Trustees & Minlsty Lead&rl Pastoral 8llowance & gifts Licenses l.T. cost & office supplles Accassortes & equipment'g Subscription Motor expenses Depredation Governanco co Ind8pendent examination Accountancy 450 4,671 1,812 1,178 4,289 880 30,774 6,178 1,084 4,046 750 4,000 450 4,771 1,812 1,178 4,289 2,7(K) 7,330 1,609 1,447 2,657 479 33.910 7,250 1,062 2,177 1,000 100 30,774 8,178 1,084 4,046 750 4.000 885 804 114 289 1.323 1,849 1,399 826 583 256 1,297 932 114 289 1,323 1,849 600 960 600 960 600 1,349 Tolal 68,936 100 67,036 61.863 13
INTERNATIONAL CHRISTIAN FELLOWSHIP (ICF) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st March 2024 Employee Informatlon 2024 2023 Staff Gosts Wages and salaries Pension cost 18,744 29,877 897 19,289 30,774 2024 No. 2023 Average number of employees employed during the year.. Administration 2024 2023 The number of employ8es whose annual emoluments were £60,000 or more were Tangible fixed assets Bulldlng Equipmgnt otor Vehlcles Total Cost BIF 91,457 14,741 3,000 109,198 Cost CIF 91,457 14,741 3,000 109,198 Depreciation BIF 9,gJ5 2,288 12,193 Charge for the year 1.209 178 1,387 Depraclatlon CIF 11,1q4 2,466 13,580 N8V CIF 91,467 3,627 534 95,618 NBV BIF 91,467 4,835 712 97,004 14
INTERNATIONAL CHRISTIAN FELLOWSHIP (ICF) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31. March 2024 Creditors: Amounts falllng due wlthin one year 2024 2023 Accruals PAYE payable Pension payable 1,200 401 197 1.200 1,160 366 1,798 2,726 Reconclllatlon of movements in funds 1 Apr Incoming 2023 rasources Outgolng resources 31 Mar 2024 Transfe Unr@strict8d funds 149,828 70,970 (65,940} 154,858 Restricted funds Special givSng Prqect Malachi 220 2,790 (220) (7.000) 5,345 1,135 5,345 3,010 (7.220) 1,135 Total funds 155,173 73,980 {73,160) 155,993 7a. Reconclllatlon of movements In funds 2023 - Comparatlv8S 1 Apr Incoming 2022 resources Outgoing r&sources 31 Mar 2023 Transfers Unrestrlcted funds 148,989 67,775 (66,9361 149,828 Restricted funds Special giving Proj8Ct Malachi 100 1,541 (100) 3,8C4 5,345 3,804 1,641 (100) 5,345 Total funds 152,793 69,416 (67,03S) 155,173 15
INTERNATIONAL CHRISTIAN FELLOWSHIP IICF) NOTES TO THE FlTr+lANCIAL STATEMENTS for the year ended 31$t March 2024 Analysls of net assets belween funds Unra8trlctèd funds Restricigd funds Total funds Fund balances at 318t March 2024 are represented by: Tangible fixed asset8 Currenl assets Current liabilities 95,618 61.039 (1,799) 95,618 62,174 11,799) 1,135 Total net assets 154,858 1,135 155,993 Analysis of tiet assets between funds 2023- Comparatlves UnM8tricted Restrlcted funds funds Total funds Fund balances at 3181 March 2023 ara represented by: Tangible fixed assets Current assets Curr8nt Siabilities 97,004 55,550 (2.726) 97,004 60,895 (2,726) 5,345 Total net 8S8ets 149,828 5,345 155,173 Controlling party The charity is under the control of the Board of Trustees. 10. Related party transacllons No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year (2023- Nil), During the year honorarium payments totalling £900 were made to trustees (2023 - £750) 16