2023-03-31-accounts

DocuSign Envelope ID: 4224705A-54D5-4097-9A97-7B5D9EFB34BD

167-169 Great Portland Street

5th Floor London W1W 5PF

Charity Number: 1170112

ICAN COMMUNITY CHURCH TRUSTEES REPORT MARCH 2022 – APRIL 2023

Date: 19th January 2023

iCan Community Church A leader-led church

The following is our report on March 2022- April 2023.

iCAN COMMUNITY CHURCH

iCan Community Church is fundamentally a spiritual community whose objects are charitable. The ministry is operationally and spiritually led by an executive team, including our Presiding Bishop, a Senior Pastor, a team of executive administrators and a team of clergymen and women. As Trustees, our role and responsibilities are clear to us and in summary involve fund management, compliance, financial health and executive accountability.

Our current Trustee Board comprises of the following members:

• ISAAC NEWTON PATRICE CARTER (CHAIR)

• ANTHONY NZEKWU

• PHILLIP THOMAS

• TIM McCLURE

• REUBEN PAUL ALEXANDER MALCOLM

Objectives and activities

Our aims: The objects of the charity are set out in the charity's trust deed and are summarised as follows:-

To advance the Christian faith through preaching and teaching Biblical principles via any available medium, to promote Christian education and to alleviate the effects of poverty. Our objectives: Our objectives are set to reflect our community aims. Each year our trustees review our objectives and activities to ensure they continue to reflect our aims. In carrying out this review the trustees have considered the Charity Commission's general

DocuSign Envelope ID: 4224705A-54D5-4097-9A97-7B5D9EFB34BD

guidance on public benefit and its supplementary public guidance on the advancement of education for the public benefit.

Activities and achievements: How do our activities deliver public benefit?

The charity carries out a wide range of activities in pursuance of its charitable aims. The trustees consider that these activities, summarised below, provide public benefits.

• Church services

• Evangelism

• Support groups

• Children’s ministry

• Crisis counselling

• Weddings and funerals

• Conferences & faith-based events

• Feeding the poor

• Befriending service to senior citizens

• Family Support

Creation of Hubs:

Most of our efforts this year have been aimed at developing a decentralised system of Hubs whereby members of the congregation have been meeting in various local neighbourhoods for smaller services for 3 weeks per month and meeting together for one main service on the first Sunday of each month known as Ecclesia.

The underlying purpose of the Hubs is to focus more on, and develop, the evangelistic side of iCan Community Church. This is consistent with our mission oriented vision of reaching out and spreading the gospel to the wider community rather than staying in location. The aim is to grow the organisation and double our membership. It also allows the church to be more socially active over a wider area.

There has already been evidence of a growth in membership due to the above approach with Hubs being established in the following areas:

North London, South London, East London, West London, Essex and Ashford

The aim and ambition of the organisation is to continue to grow through strengthening our presence and outreach throughout Greater London and beyond.

Big wins

• We are now actively establishing new in-person branches and outreach centres,

• We continue to support senior citizens and vulnerable families with a befriending

• service and mobile food bank.

• We continue to provide counselling, guidance and support for people struggling

• with the cost of living, anxiety, bereavement and loneliness

DocuSign Envelope ID: 4224705A-54D5-4097-9A97-7B5D9EFB34BD

• We were able to meet our objectives by advancing the Christian faith

• We were able to retrain all volunteer workers through our school of ministry

initiative.

• We have now started our own Antioch bible school to develop and increase more ministers and leaders

Compliance and governance

Our executive team have exercised diligence and prudence in leadership, spending procedures, safeguarding and administration. We have taken into account the recommendations made by our independent accounts auditor and have reviewed several of our processes. Particularly those around departmental expenses to ensure that request forms are completed and receipts are kept.

We have taken the strategic step of appointing a Chief Executive to be responsible for the day to day management of the organisation, which in turn allows our Bishop to focus on theological and spiritual matters.

Financial Review

Review of the charity’s financial position at the end of the period.

The charity is in a reasonably healthy position and has no concerns about remaining as a going concern.

The Charity's position at the end of the period of this report has stabilised over the last 12 months after having exited the COVID lockdown and now returned to weekly services with regular income from tithes, offering, and gifts from its members and visitors.

iCC holds reserves of approximately £24k in a reserve account at HSBC. These funds are held as a buffer against any possible downturn in the Church's income (such as the COVID epidemic) and also as required for further expansion if necessary..

Isaac Carter Chair of Trustees iCan Community Church

DocuSign Envelope ID: EFA2C214-1BB0-46EA-B71D-9511A1C95F61

iCAN Community Church	iCAN Community Church	iCAN Community Church	Charity No (if any) 1170112	Charity No (if any) 1170112
Annualaccountsforthe period
Period start date	1-Apr-22	To	Period end date	31-Mar-23

Section A Statement of financial activities

Recommended categories by activity Guidance Notes Incoming resources (Note 3) Income and endowments from: Donations and legacies S01 Charitable activities S02 Other trading activities S03 Investments S04 Separate material item of income S05 Other S06 S07 Resources expended (Note 6) Expenditure on: Raising funds S08 Charitable activities S09 Separate material item of expense S10 Other S11 S12 S13 Net gains/(losses) on investments S14 S15 Extraordinary items S16 S17 S18 Other gains/(losses) S19 S20 Reconciliation of funds: S21 S22 Total Net movement in funds Total funds brought forward Total funds carried forward Total Net income/(expenditure) before investment gains/(losses) Net income/(expenditure) Transfers between funds Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05
	280,948	-	-	280,948	255,072
	-	-	-	-	-
	-	-	-	-	-
	-	-		-	-
	-	-	-	-	-
	25	-	-	25	2
	280,973	-	-	280,973	255,074
	1,540	-	-	1,540	1,183
	278,655	-	-	278,655	254,872
	-	-	-	-	-
	-	-	-	-	-
	280,195	-	-	280,195	256,055
	778	-	-	778	981 -
	-	-	-	-	-
	778	-	-	778	981 -
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	778	-	-	778	981 -
	21,177	-	-	21,177	22,158
	21,955	-	-	21,955	21,177

DocuSign Envelope ID: EFA2C214-1BB0-46EA-B71D-9511A1C95F61

Section B Balance sheet

Fixed assets Intangible assets (Note 15) Tangible assets (Note 14) Heritage assets (Note 16) Investments (Note 17) Total fixed assets Current assets Stocks (Note 18) Debtors (Note 19) Investments (Note 17.4) Cash at bank and in hand (Note 24) Total current assets Creditors: amounts falling due within one year (Note 20) Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after one year (Note 20) Provisions for liabilities Total net assets or liabilities Funds of the Charity Endowment funds (Note 27) Restricted income funds (Note 27) Unrestricted funds Revaluation reserve Total funds Signed by one or two trustees on behalf of all the trustees	Guidance Notes B01 B02 B03 B04 B05 B06 B07 B08 B09 B10 B11 B12 B13 B14 B15 B16 B17 B18 B19 B20 B21	Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds Total this year £ £ F03 F04	Endowment funds Total this year £ £ F03 F04	Total last year £ F05
		-	-	-	-	-
		37,181	-	-	37,181	46,533
		-	-	-	-	-
		-	-	-	-	-
		37,181	-	-	37,181	46,533
		-	-	-	-	-
		-	-	-	-	6,778
		-	-	-	-	-
		15,437	-	-	15,437	5,922
		15,437	-	-	15,437	12,699
		1,069	-	-	1,069	40,661
		14,368	-	-	14,368	27,961 -
		51,548	-	-	51,548	18,572
		32,100	-	-	32,100	-
		-	-	-	-	-
		19,448	-	-	19,448	18,572
		-			-	-
			-		-	-
		19,448		-	19,448	18,572
					-
		19,448	-	-	19,448	18,572
		Signature		Print Name		Date of approval dd/mm/yyyy
				Isaac Carter		2/22/2024
				Anthony Nzekwu		2/22/2024

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DocuSign Envelope ID: EFA2C214-1BB0-46EA-B71D-9511A1C95F61

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting These accounts 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 accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities • and with ✓ preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with ✓ the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) • and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by ✓ FRS 102.*

• -Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support Charity has stable regular cashflow and meets expenses the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the N/A going concern assumption doubtful; Where accounts are not prepared on a going N/A concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.

Yes No	✓	* -Tick as appropriate
	✓

Please disclose:

(i) the nature of the change in accounting policy; (ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; and (iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP.

1.4 Changes to accounting estimates

No changes to a	ccounting	estimates have occurred in the reporting period (3.46 FRS 102 SORP).
Yes No	✓	* -Tick as appropriate
	✓

Please disclose:

(i) the nature of any changes; (ii) the effect of the change on income and expense or assets and liabilities for the current period; and (iii) where practicable, the effect of the change in one or more future periods.

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes ✓ No ✓ * -Tick as appropriate
Please disclose:
(i) the nature of the prior period error;
(ii) for each prior period presented in the accounts, the
amount of the correction for each account line item
affected; and

(iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts.

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DocuSign Envelope ID: EFA2C214-1BB0-46EA-B71D-9511A1C95F61

Section C Notes to the accounts (cont)

Note 2 Accounting policies

2.2 INCOME

This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.

Recognition of income Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated services and facilities Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. These are included in the Statement of Financial Activities (SoFA) when: • the charity becomes entitled to the resources; · it is more likely than not that the trustees will receive the resources; and • the monetary value can be measured with sufficient reliability. Donated goods Contractual income and performance related grants Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). 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. Government grants The charity has received government grants in the reporting period 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. Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. Support costs The charity has incurred expenditure on support costs. Volunteer help Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable. The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.	Yes No N/a	Yes No N/a	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓

DocuSign Envelope ID: EFA2C214-1BB0-46EA-B71D-9511A1C95F61

2.4 ASSETS 100 Intangible fixed assets Heritage assets 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. Stocks and work in progress Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. They are valued at cost. Investments Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments 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 Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5 They are valued at cost. The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 9.6.1.4. This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 2.3 EXPENDITURE AND LIABILITIES Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Investment gains and losses The charity accounts for basic financial instruments on initial recognition as per paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Tangible fixed assets for use by charity The depreciation rates and methods used are disclosed in note 9.2. Governance and support costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Settlement of insurance claims Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. They are valued at cost. These are capitalised if they can be used for more than one year, and cost at least Redundancy cost The charity made no redundancy payments during the reporting period. Deferred income No material item of deferred income has been included in the accounts. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Basic financial instruments		Yes No N/a	Yes No N/a	Yes No N/a
		✓	✓	✓
		Yes No N/a
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		Yes No N/a
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		Yes No N/a
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		Yes No N/a
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		Yes No N/a
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		Yes No N/a
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		Yes No N/a
	100
		✓	✓	✓
		Yes No N/a
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		Yes No N/a
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		Yes No N/a
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		Yes No N/a
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		Yes No N/a
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		Yes No N/a
		✓	✓	✓
		Yes No N/a
		✓	✓	✓

DocuSign Envelope ID: EFA2C214-1BB0-46EA-B71D-9511A1C95F61

Current asset investments

The charity has has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due. They are valued at fair value except where they qualify as basic financial instruments.	Yes No N/a	Yes No N/a	Yes No N/a
	✓	✓	✓
	Yes No N/a
	✓	✓	✓

POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE

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Section C Notes to the accounts (cont)

Note 3 Analysis of income

Note 3 Analysis of income	Analysis of income	Analysis of income	Analysis of income	Analysis of income	Analysis of income	Analysis of income
Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Donations and gifts 225,554- -225,554 215,823 Gift Aid 55,394- -55,394 39,249 Legacies - - - - - General grants provided by government/other charities - - - - - Membership subscriptions and sponsorships which are in substance donations - - - - Donatedgoods,facilities and services - - - - - Other - - - - Total 280,948 - - 280,948 255,072 - - - - - - - - - - - - - - - Other - - - - - Total - - - - - - - - - - - - - - - - - - - - Other - - - - - Total - - - - - Interest income 25- -25 2 Dividend income - - - - - Rental and leasing income - - - - - Other - - - - - Total 25 - -25 2 - - - - - - - - - - - - - - - - - - - - Total - - - - - Conversion of endowment funds into income - - - - - Gain on disposal of a tangible fixed asset held forcharity's ownuse - - - - - Gain on disposal of a programme related investment - - - - - Royalties from the exploitation of intellectual propertyrights - - - - - Other - - - - - Total - - - - - 280,973- -280,973 255,074 Other information: TOTAL INCOME Other: Other trading activities: Income from investments: Separate material item of income: Analysis Donations and legacies: Charitable activities:	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Analysis
	Donations and gifts	225,554	-	-	225,554	215,823
	Gift Aid	55,394	-	-	55,394	39,249
	Legacies	-	-	-	-	-
	General grants provided by government/other charities	-	-	-	-	-
	Membership subscriptions and sponsorships which are in substance donations	-	-	-	-
	Donatedgoods,facilities and services	-	-	-	-	-
	Other	-	-	-	-
	Total	280,948	-	-	280,948	255,072
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-
	Interest income	25	-	-	25	2
	Dividend income	-	-	-	-	-
	Rental and leasing income	-	-	-	-	-
	Other	-	-	-	-	-
	Total	25	-	-	25	2
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total	-	-	-	-	-
	Conversion of endowment funds into income	-	-	-	-	-
	Gain on disposal of a tangible fixed asset held forcharity's ownuse	-	-	-	-	-
	Gain on disposal of a programme related investment	-	-	-	-	-
	Royalties from the exploitation of intellectual propertyrights	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-
		280,973	-	-	280,973	255,074
All income in the prior year was unrestricted except for: (please provide description and amounts)
Where any endowment fund is converted into income in the prior period, please give the reason for the conversion. Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion.
Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)

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DocuSign Envelope ID: EFA2C214-1BB0-46EA-B71D-9511A1C95F61

Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

Analysis Expenditure on raising funds:	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year
Incurred seeking donations	-	-	-	-	-	-	-	-
Incurred seeking legacies	-	-	-	-	-	-	-	-
Incurred seeking grants	-	-	-	-				-
Operating membership schemes and social lotteries	-	-	-	-				-
Staging fundraising events	-	-	-	-				-
Fudraising agents	-	-	-	-				-
Operating charity shops	-	-	-	-				-
Operating a trading company undertaking non-charitable trading activity	-	-	-	-				-
Advertising, marketing, direct mail and publicity	1,540	-	-	1,540	1,183	-	-	1,183
Start up costs incurred in generating new source of future income	-	-	-	-	-	-	-	-
Database development costs	-	-	-	-	-	-	-	-
Other trading activities	-	-	-	-				-
Investment management costs:	-	-	-	-				-
Portfolio management costs	-	-	-	-	-	-	-	-
Cost of obtaining investment advice	-	-	-	-	-	-	-	-
Investment administration costs	-	-	-	-	-	-	-	-
Intellectual property licencing costs	-	-	-	-	-	-	-	-
Rent collection, property repairs and maintenance charges	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
Total expenditure on raising funds	1,540	-	-	1,540	1,183	-	-	1,183
Expenditure on charitable activities:
Admin Expenses	28,066	-	-	28,066	26,160	-	-	26,160
Consulting	22,128	-	-	22,128	15,000	-	-	15,000
Pastoral Services	19,200	-	-	19,200	19,750	-	-	19,750
Professional Services	51,551	-	-	51,551	67,967	-	-	67,967
Rent	32,400	-	-	32,400	36,186	-	-	36,186
Venue Hire	58,194	-	-	58,194	23,911	-	-	23,911
Support Costs	67,116	-	-	67,116	65,898	-	-	65,898
	-	-	-	-	-	-	-	-
Total expenditure on charitable activities	278,655	-	-	278,655	254,872	-	-	254,872
Separate material item of expense
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
Total	-	-	-	-	-	-	-	-
Other
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
Total other expenditure TOTAL EXPENDITURE	-	-	-	-	-	-	-	-
	280,195	-	-	280,195	256,055	-	-	256,055

Other information:

Analysis of expenditure on charitable activities

	Thisyear	Thisyear	Thisyear	Thisyear	Lastyear	Lastyear	Lastyear	Lastyear
Activity or programme	Activities undertaken directly	Grant funding of activities	Support Costs	Total this year	Activities undertaken directly	Grant funding of activities	Support Costs	Total last year
	£	£	£	£	£	£	£	£
Activity1	-	-	-	-	-	-	-	-
Activity2	-	-	-	-	-	-	-	-
Other	-	-	-	-	-	-	-	-
Total	-	-	-	-	-	-	-	-

CC17a (Excel)

8

DocuSign Envelope ID: EFA2C214-1BB0-46EA-B71D-9511A1C95F61

Section C Notes to the accounts

Note 10 Details of certain items of expenditure

10.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees	This year £	Last year £
	300	300
	-	-
	-	-
	1,000	1,000

CC17a (Excel)

9

DocuSign Envelope ID: EFA2C214-1BB0-46EA-B71D-9511A1C95F61

Section C Notes to the accounts (cont)

Note 14 Tangible fixed assets

Please complete this note if the charity has any tangible fixed assets

14.1 Cost or valuation

Freehold land & buildings Other land & buildings £ £ At the beginning of the year - - Additions - - Revaluations - - Disposals - - Transfers - - At end of the year - - Basis* SL or RB (Straight Line or Reducing Balance) SL or RB Rate At beginning of the year - - Disposals - - Depreciation - - Impairment - - Transfers - - At end of the year - - Net book value at the beginning of the year - - Net book value at the end of the year - - 14.4 Impairment 14.5 Revaluation the name of independent valuer, if applicable the carrying amount that would have been recognised had the assets been carried under the cost model. the methods applied and significant assumptions This year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss. the effective date of the revaluation Last year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss. If an accounting policy of revaluation is adopted, please provide: 14.3 Net book value 14.2 Depreciation and impairments 14.6 Other disclosures (iii) Details of the existence and carrying amounts of property, plant and equipment to which the charity has restricted title or that are pledged as security for liabilities. (i) Please state the amount of borrowing costs, if any, capitalised in the construc tangible fixed assets and the capitalisation rate used. (ii) Please provide the amount of contractual commitments for the acquisition of assets.*	Freehold land & buildings £	Other land & buildings £	Plant, machinery and motor vehicles £	Fixtures, fittings and equipment £	Total £
	-	-	42,000	7,597	49,597
	-	-	-	790	790
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	42,000	8,387	50,387
	SL or RB (Straight Line or Reducing Balance)	SL or RB	SL or RB	SL or RB	SL or RB
	-	-	700	2,364	3,064
	-	-	-	-	-
	-	-	8,400	1,742	10,142
	-	-	-	-	-
	-	-	-	-	-
	-	-	9,100	4,106	13,206
	-	-	41,300	5,233	46,533
	-	-	32,900	4,281	37,181
			tion of tangible fixed	This year Last year
				-	-
				Thisyear	Lastyear
				£	£
				-	-
				-	-

• The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

CC17a (Excel)

10

DocuSign Envelope ID: EFA2C214-1BB0-46EA-B71D-9511A1C95F61

Section C Notes to the accounts (cont)

Note 19 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

19.1 Analysis of debtors Trade debtors Prepayments and accrued income Other debtors	This year £	Last year £
	-	-
	-	-
	-	6,777.8
	-	6,777.8

Total

Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.

19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)

Prepayments and accrued income Other debtors Total Trade debtors	This year £	Last year £
	-	-
	-	-
	-	-
	-	-
	-	-

CC17a (Excel)

11

DocuSign Envelope ID: EFA2C214-1BB0-46EA-B71D-9511A1C95F61

Section C Notes to the accounts (cont)

Note 20 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for contracts or performance-related grants Accruals and deferred income Taxation and social security Other creditors Total	Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
	This year £	Last year £	This year £	Last year £
	-	-	-	-
	-	-	-	-
	1,069	40,660.78	32,100	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	1,069	40,661	32,100	-

20.2 Deferred income

Please complete this note if the charity has deferred income. Please explain the reasons why income is deferred.

Please explain the reasons why income is deferred. Movement in deferred income account Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period	Thisyear	Lastyear	Lastyear
		This year £	Last year £
		-	-
		-	-
		-	-
		-	-

CC17a (Excel)

12

DocuSign Envelope ID: EFA2C214-1BB0-46EA-B71D-9511A1C95F61

Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand

Note 24 Cash at bank and in hand
Other Cash at bank and on hand Total Short term cash investments (less than 3 months maturity date) Short term deposits	This year £	Last year £
	-	-
	-	-
	15,437.00	5,922
	-	-
	15,437	5,922

CC17a (Excel)

13

DocuSign Envelope ID: EFA2C214-1BB0-46EA-B71D-9511A1C95F61

Section C Notes to the accounts (cont)

Note 28 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

28.1 Trustee remuneration and benefits

This year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

Name of trustee	Legal authority (eg order, governing document)	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value
		Remuneration	Pension contribution	Redundancy (including loss of office)/ex gratia	Other	TOTAL
		£	£	£	£	£
Isacc Carter	Governing Document	-	-	-	19,887	19,887
Anthony Nzekwu	Governing Document	-	-	-	1,450	1,450
		-	-	-	-	-
		-	-	-	-	-

Please give details of why remuneration or other employment benefits were paid.

Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.

Last year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

Name of trustee	Legal authority (eg order, governing document)	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value
		Remuneration	Pension contribution	Redundancy (including loss of office)/ex gratia	Other	TOTAL
		£	£		£	£
Isacc Carter	Governing Document	-	-	-	13,381	13,381
Anthony Nzekwu	Governing Document	-	-	-	500	500
		-	-	-	-	-
		-	-	-	-	-

Please give details of why remuneration or other employment benefits were paid.

Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.

28.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".

No trustee expenses have been incurred (True or False)

Type of expenses reimbursed	This year	Last year
	£	£
Travel	-	-
Subsistence	-	-
Accommodation	-	-
Other (please specify):	-	-
	-	-
TOTAL	-	-

CC17a (Excel)

14

Independent Examiners report for iCAN Community Church For the period April 1[st ] 2022 to March 31[st] 2023

Charity registration number: 1170112

Prepared by Peter Slade ACMA CGMA Date Feb 2024

Responsibilities and basis

• 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 (‘the Act’).

• I report in respect of my examination of the Trust’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 145(5)(b) of the Act.

Independent Examiners Report

1. Context

• iCAN Community Church is a small Charity not part of a wider group with income in the period of £280,973 and Balance sheet Assets of £52,618 and therefore no requirement for a full audit

• There is no requirement for an audit in the governing document.

• The bookkeeping for iCAN is performed in Xero by an independent qualified bookkeeper (Mel Brandy MIAB of Docks Bookkeeping Services).

• The review has been performed by Peter Slade ACMA CGMA a qualified accountant with no connection to ICAN or any of the trustees.

2. Review findings

• All the Bank accounts transactions are reconciled to the books of prime entry for the period covered and up to date

• The Balance sheet and Income statement from Xero correctly represent the underlying accounting records

• Based on sample checks of the invoices for a range of expense items it appears the classification is reasonable, accurate and consistent.

• There are several cases of Invoices relating to expenditure are not held in Xero, when these missing invoices have been requested, they all have been provided.

• Disclosures have been made in the Final accounts for related party transactions for 2 of the trustees. These trustees have written agreements in place dated 17[th] December 2018.

• The Charity Commission website needs to be updated as one of the trustees resigned on the 24[th] May 2023 to take up a the role of CEO

• The trustees conducted a review of the processes focusing on departmental expenditure particularly regarding receipts and request forms

3. Going Concern

• The Trustees have agreed the Charity is a going concern in the Annual report although a cashflow forecast is not included.

• The expenditure of the charity remains high in relation to income and a small surplus has been realised this year, however income has increased which has supported the expansion of activities the Charity has undertaken as outlined in the trustees report

• The charity maintains a reserve of circa £24,000 in the bank given the current profile of expenditure and income the charity remains a going concern but will need to continue to be cautious in relation to expenditure in the coming year

• The significant expenditure in relation to a vehicle last year to support the rising number public engagements and events has been funded by a loan at a favourable interest rate and the benefit is being seen with the increase in activities undertaken. A further increase in revenue would be required to support any further borrowing.

• Recommendations

There do remain a small number of invoices presented with insufficient detail and payment made without invoices or receipts attached. The trustees should continue to review the financial processes at regular intervals to ensure adequate documentation is captured for all expenditure

• This internal review process should also ensure all receipts or invoices in respect of expenditure are received by the bookkeeper in a timely manner to be recorded on Xero.

• Ideally a Cashflow forecast, or Budget should be prepared agreed by the trustees and reviewed at each formal meeting of the trustees.

• With having made a small surplus this year expenditure should continue to be tightly monitored and controlled to ensure that the charity continues to make a surplus and ideally grows the reserve funds

Signed:

Name: Peter Slade ACMA CGMA

Address: 10 Church lane, Sutton Waldron Dorset DT118PA

Date: 21/02/2024