# **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **NORTH LONDON IRANIAN CHURCH** (Charitable Incorporated Organisation) **CHARITY REGISTRATION No: 1165863** Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS ## **NORTH LONDON IRANIAN CHURCH** (Charitable Incorporated Organisation) ## **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 ## **NORTH LONDON IRANIAN CHURCH** (Charitable Incorporated Organisation) ## **LEGAL AND ADMINISTRATIVE INFORMATION** ## **CHARITY NUMBER** **CHARITY NUMBER** 1165863 **DATE OF REGISTRATION** 3rd March 2016 **START OF FINANCIAL YEAR** 1st January 2022 **END OF FINANCIAL YEAR** 31st December 2022 **TRUSTEES AT 31ST DECEMBER 2022** Mr Malcolm Steer Mrs Shima Pishehvarz Rev Edward Mehr The existing trustees appoint any new trustees following the provisions laid out in the organisation's governing instrument. **LEGAL STATUS** Charitable Incorporated Organisation **GOVERNING INSTRUMENT** CIO Association Registered 3rd March 2016 ## **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** 24 Roxburgh Close Camberley GU15 1AS **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 REPORTON THE ACCOUNTS Report to the trust&rfl ￿￿terS crf the North Iranian Chwch iffi tho ac(y)unts for thg year 31st Decemb8r 2022 Set on pag•$ 6 to 12. R•8P•Ctbv• r••pon•lbll1ll￿ of tru8t•ts and •xamln•r The organi88tion's trust8es are resF4Jnstble for the rxtparabon of the aCc(￿nts. The organisat*)n's tnJsta•s consider that an audit is not requir8d for year under th8 Ch8nt*s Act 2011 and that an indeFendent examination is ne8dod. tt Is my respJnsibtlty lry. ' examine th8 accounts (under sectw 4313llal ofth& Art a5 amended)., . rollow th8 pr(xxlurts la￿ down in ￿ Ger￿￿1 ￿'rec1K>￿S given by Ihe Charlty Comm+sslon¥r8 lurKJer section 4317llbl ol the Act. as arnendedl,. and ' 8tst• whether parts"c￿ar matters havg to my attent*￿. Ba818 of Ind•p•nd•nt ?Mrnln•rf• 8t•t•m•nt My examination was carri￿ out in vKcordanc• %wth G¥y)èral Dir￿ti￿S by the Chanty Commlssk)n8r8. An examination includes a wew ol the accounts'ng recoft1s kw by the organisatpjn arKI a comparison of th8 a¢counts presented wrth those rocords. rt also inclu(les consideration ol any unusual Ttems or disck}su￿ in the accounts, and seokirng explanations from the tru8tees concerning any juch matters. The wcvdure8 undertaken do not provide 811 the evhlence that would be uired in an audit, and ¢onsequ8ntly no Opini￿ is gNen as to wh•thw thtr occwnts pres8nt a Irug and fair vhgw. and th• report is limited to Ihose [T￿tter¥ set o¢Jt In the s4iem*ni be￿. Ind•p•nd•nt •x•mln•rf• #tat•m•nt In ¢onne¢tM wtth my examinatiort. ￿ m8tter t￿0 trj my •tt•nbon: whth giv08 me rea8onabkn ¢ou8e to teliM that In ￿Y mètsrial rnspect t￿ rwuirements.. . to keep xccwjniing rtcords in aCC(Kda￿ secbon 41 oftho 1993 AeL' and . to kryjare accounts which awd wth the accountyrvJ rocords and ¢0m￿Y wlth the accountlng r•quirements olthts Aet hav• not been met or 121 to which, in my opM)ion, att•ntion 8hcyJld b• ¢Jra￿ in ￿d8T to enabb 8 proper under8tanding of th• 8ccounts to bo reach￿. K. Collaku MAAT Castle VKgw Accounting Ltd 8am Mudberry Lane Bosham Chlch&ster West Sussex P0188rs Dat•.' 21st July 2023 NORTH LONDON IRANIAN CHURCH (charrtab￿ Incorwrated organisa1￿} TRUSTEES REPORT FOR THE YEAR ENDED 31ST DECEMBER 2022 The NUC is a ¢ommunity of G(Kl'$ peop￿. thÈ pur￿)* of %￿h￿h is *Y)thip. fÈlbwship and disCip￿hIp of people (Churchl. rnoslty of Irankqn origin bul a150 olother nat￿)nalIt*S that relate to become a genuin8 part of NLIC. The Obje¢t of the NUC i% to advan¢e the Chrtstuan r￿￿K)n lortF* ￿efft ol Ihe publ¢. The NLIC is commilled to th8 Great Commission of Mt 28..1￿20, in evangdist￿ othreach to, and disci￿1ng of Ir8nKgns and other nationalities. firsuy in the UK. and then Europe arKJ el%where in the w(xkl. in C£K>peration with other5 of like wsion. In pursuanc8 ol these objectives we ha¥e w*8￿Y, 8Stsblth&Y rthurch ffthlings, Bib￿ leaching, pray8r, Sunday school, counsdling. and worship rneetiry Tru•¢••s R•spon•lbllltl•• The Charities Act 2011 require the tnJste88 to prepare financial statements for e￿h financial year which give 8 true and fair vw of the state of affaits of ¢he trust ar%1 of the of the trust lor that pwK*J. In p￿paring those financial $ts18rrÉnts th8 trustee$ 8r9 required to.. , Sde¢t suitable a¢¢ounting pol￿￿ and app￿ Ihem ¢ongstwlty Makejudgernent$ and esiim*es that aw rèasona￿ and prwjent . Prepare fin8rKial slaternenls on Ihe going cOr￿ern basis Un￿ rt ffj inapproprs#te to pre5urne that the CIO will ¢ontlnu8 in existence. The truste88 ar8 responsibb for keeping proper ￿thIn11￿ records, dixk)8e with reasonable ac¢ur8cy at any lime the fin8ncial position ol the trust. They are a150 r85poThsbkn for safeguarding the a558ts of thg trust and hence for takirrfj rea8onabb Steps for the prevention and deiectK)n of Ira￿1 an¢1 other Irregubrilies. Approved by th8 7ru8t8e8 on the....... .. 1910712023 sign￿ on thdr behalf by Tru5tee....................... Printed Narr*'. Mrs Shlrr* Pbhehva ## **NORTH LONDON IRANIAN CHURCH** (Charitable Incorporated Organisation) ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022** |**Notes**
**INCOMING RESOURCES**
**Incoming Resources from Generated Funds**
Donations & Legacies
**3a**
Investment Income
**3b**
**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
**2022**
**2021**
£
£
£
£
163,984
-
163,984
99,097
97
-
97
-
**164,081**
**-**
**164,081**
**99,097**
153,717
-
153,717
95,873
900
-
900
775
**154,617**
**-**
**154,617**
**96,648**
**9,464**
**-**
**9,464**
**2,449**
169,582
-
169,582
167,132
**179,046**
**-**
**179,046**
**169,581**| |---|---| 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 NORTH LONDON IRANIAN CHURCH (charrtab￿ Incorwrated organisa1￿} BALANCE SHE ASAT 31ST DECEMBER 2022 Unrestricted Restncied Fund5 Fun TOTAL TOTAL 31-Doc.22 31-Dec.21 Flxèd Auèt# Tangible A5set5 ¢urront AM•ts Debtors & Prepaywents Cash al Bank and in H8nd 4.209 263.469 135 244,726 263,469 Totsl ¢urr•ntAM•ts 207.678 267.678 244.861 Crodltors: Amounts f811ing due wilhin one year 88,632 88,632 75,279 NET CURRENT ASSETS 179.046 179.046 169.$82 TOTAL ASSETS W curreni liabilrt 179.046 179.046 169.582 Crgdltor•: Lon9 Term Li8bilrt*s NET ASSETS 179,046 179,046 169,582 Fund¥ of the Charfty General Funds Re$td¢led Funds 179,046 179,046 169,582 Totsl Fund• 179.046 179.048 169,582 19107r2023 Approved by the Trustees on the....................................................................................................................... Signeé on thdr behaw by Trustee....................... ... . Printed Nary￿.. Mrs Shirna Plshehvwz ## **NORTH LONDON IRANIAN CHURCH** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **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 notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - 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 ## **NORTH LONDON IRANIAN CHURCH** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **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 2022: None 31st December 2021: None 9 ## **NORTH LONDON IRANIAN CHURCH** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **3. INCOMING RESOURCES** |**a) Donations & Legacies**
Gifts, Tithes & Offerings
Gift Aid Tax Recovered
**b) Investment Income**
Interest|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2022**
**2021**
£
£
£
£
142,496
-
142,496
99,097
21,488
-
21,488
-
**163,984**
**-**
**163,984**
**99,097**
97
-
97
-
**97**
**-**
**97**
**-**| |---|---| ## **4. RESOURCES EXPENDED** |**a) Cost of Charitable Activities**
Baptism Costs
Books & Publications
Conference Costs
East London Church
Eccam Network
Equipment Costs
Gifts, Tithes & Offerings
Help Committee
Home Groups
Insurance Costs
Ministry Expenses
Printing, Postage & Stationery
Projects & Events
Rent & Rates
Staff Costs
**11**
Sunday School
Telephone Costs
Transport Costs
Travel & Hospitality
Youth Expenses
**b) Governance Costs**
Independent Examiner's Fee
**8**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2022**
**2021**
£
£
£
£
978
-
978
-
726
-
726
-
1,600
-
1,600
1,011
-
-
-
2,660
-
-
-
987
8,677
-
8,677
2,871
47,866
-
47,866
33,060
6,400
-
6,400
-
327
-
327
600
463
-
463
442
4,073
-
4,073
2,773
780
-
780
-
8,926
-
8,926
-
21,559
-
21,559
12,431
35,722
-
35,722
32,273
755
-
755
500
1,756
-
1,756
1,331
1,108
-
1,108
1,200
11,400
-
11,400
3,623
601
-
601
110
**153,717**
**-**
**153,717**
**95,873**
900
-
900
775
**900**
**-**
**900**
**775**| |---|---| 10 ## **NORTH LONDON IRANIAN CHURCH** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **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-22**
**31-Dec-21**
£
£
£
£
263,469
-
263,469
244,726
**263,469**
**-**
**263,469**
**244,726**
Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**31-Dec-22**
**31-Dec-21**
£
£
£
£
4,209
-
4,209
135
**4,209**
**-**
**4,209**
**135**| |---|---| ## **8. CREDITORS ACCRUALS AND DEFERRED INCOME: AMOUNTS FALLING DUE WITHIN ONE YEAR** |ICF Funds
Independent Examiner's Fee
Sundry Creditors|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**31-Dec-22**
**31-Dec-21**
£
£
£
£
35,722
-
35,722
32,273
900
-
900
775
52,010
-
52,010
42,231
**88,632**
**-**
**88,632**
**75,279**| |---|---| ## **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-22**
**31-Dec-21**
£
£
£
£
-
-
-
-
179,046
-
179,046
169,582
-
-
-
-
**179,046**
**-**
**179,046**
**169,582**| |---|---| 11 ## **NORTH LONDON IRANIAN CHURCH** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **11. STAFF COSTS AND NUMBERS** |Gross Wages and Salaries
Employer's National Insurance Costs
Pension Contributions
Employees who were engaged in each of the following activities:
Activities in furtherance of organisation's objects|**TOTAL**
**2022**
**£**
35,722
-
-
**35,722**
**TOTAL**
**2022**
2|**TOTAL**
**2021**
**£**
32,273
-
-
**32,273**
**TOTAL**
**2021**
2| |---|---|---| The organisation operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess of £60,000. (2021: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 (2021: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 ## **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