Charity registration number 1181824
HARROW INTERNATIONAL CHRISTIAN CENTRE CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
HARROW INTERNATIONAL CHRISTIAN CENTRE CIO
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | A. Okoye |
|---|---|
| C. Parmar | |
| Senior Minister | Rev. P. James |
| Charity number | 1181824 |
| Principal address | 205 Station Road |
| Harrow | |
| Middlesex | |
| HA1 2TP | |
| Independent examiner | HB Accountants |
| 28 Plumpton House | |
| Plumpton Road | |
| Hoddesdon | |
| Hertfordshire | |
| EN11 0LB | |
| Bankers | National Westminster Bank PLC |
| 315 Station Road | |
| Harrow | |
| Middlesex | |
| HA1 2AD | |
| Solicitors | Bates Wells Braithwaite |
| 10 Queen Street Place | |
| London | |
| EC4R 1BE |
HARROW INTERNATIONAL CHRISTIAN CENTRE CIO
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 12 |
HARROW INTERNATIONAL CHRISTIAN CENTRE CIO
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
The trustees present their annual report and financial statements for the year ended 31 December 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Charities Act 2011 and "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)".
Objectives and activities
The charity’s objectives remain the running of a church and equipping of all members in line with biblical injunction, to allow for the propagation of the Gospel of Jesus Christ and the love of Christ to their immediate and distant neighbours. It is establishment of a community of disciples of Jesus Christ, actively engaged and committed to building the church which is the Body of Christ and sending out disciples to perform activities in line with the objective of the church aimed at benefitting the wider community.
The trustees have remained faithful to observance of all relevant guidelines issued by the Charity Commission in the course of fulfilling the objective of the charity.
The church is open to everyone wishing to attend but adoption into church membership remains predicated on regular attendance over several months and commitment to the church's theological tenets and philosophical beliefs. The management of the church is via an Executive Council which includes trustees all of whom have oversight of the administrative and financial activities of the church administered via a committee.
The Senior minister has oversight of missions and spiritual matters assisted by an Associate Minister both of whom along with the trustees and other leaders meet and agree operational direction for the church through the Executive Council (EC) that meets regularly and as the need arises A subgroup of departmental leaders report to the EC on specific aspects of church activities.
A key aspect of the objective of the church is to see people receive salvation, encourage spiritual growth and develop ministries of which there has been an expansion in recent years. Visiting speakers are invited to broaden the teaching of the Word of God and inform the congregation of developments within and without the country. The church has teams of people to pray for the sick, to evangelise and to organise fellowship groups including Area Pastors with oversight for cross-sections of the membership.
The church continues to offer a mix of In-person and Virtual attendance across three main Sunday services - 9 am, 11 am and 1:30pm (18-30 group) made possible by the church’s investment in technical infrastructure and professional expertise. The weekly Arts and Craft, Mid-day Coffee and Prayer meetings as well as the mid-week evening Prayer Service continue to run regularly facilitated by volunteers.
The church continues to set aside a minimum of 10% of general income received for gifts to support home and overseas missions and charitable work by way of provision of care gifts to alleviate hardship to more disadvantaged church members and people within the immediate community of the church continues to be central. All needs continue to be considered on an individual basis.
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HARROW INTERNATIONAL CHRISTIAN CENTRE CIO
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Achievements and performance
The church witnessed the unexpected early retirement of the Senior Minister due to family health challenges but was able to absorb the surprise by the Associate Minister stepping into the role and redeployment of its retinue of experienced leaders to shore up any potential gaps. This is reflective of the capacity built by the church in the last two decades through faithful and dedicated members. One of the three trustees resigned his position following relocation of his family and the Leadership is in the process of appointing replacement trustees to ensure adherence to The Charity Commission Guidelines, especially Clause 8.3.1 of the Charity’s governance document.
The church has embarked on an extensive evangelistic outreach programme primarily aimed at the spread of the gospel within the period under review in keeping with its objects. This is already observed to be bearing fruit as seen in the numbers of new attendees to all church activities but especially the Sunday services. This has complemented the previously noted growth in numbers of in-person and online attendees to the two Sunday services as well as the mid-week prayer service.
Also the growth previously recorded in the younger adult services (18-30yrs) has continued to the point the church leadership has approve internal restructuring of aspects of the church building to create designated meeting space for that ministry. The ministry has also grown in the breathe of spiritual activities they embark on to ensure growth of the whole person such as recently raising funds for a three-day Retreat. They have remained proactive in reaching out the hand of fellowship to other like-minded Christian organizations and advocacy groups which has further attracted like-minded young men and women into the ministry.
New partners have been welcomed into fellowship following attendance of new members’ induction on a number of occasions in the last year with membership still reflecting the diverse nationality of the church. This diverse mix that characterises our church community has continued to be reflected in the equal numbers of African, Asian, Caribbean and European partners which would be consistent with the current local community in the greater Harrow region.
Growth has also been observed in the range of gifted members increasingly more settled into the community to avail the church of their immense talents in diverse fields of activities in the church. These include exegesis of the word of God, Worship, Teaching, hospitality etc. New departments have been commissioned in line with identified areas of need arising from the numeric growth of the church such as designated Discipleship Department tasked with developing appropriate materials for new and existing believers to study with and grow thereby. Discipling of new members remains at the core of the HICC object. Bible study is once again now happening in-person in the church as against strictly online in the season of the covid 19 pandemic.
All Annual training events including Health and Safety (H&S) as well as Safeguarding Children and Vulnerable Adults have been maintained, being professionally delivered by our chosen accredited provider for safeguarding, Thirtyone:eight. We have continued to maintain our involvement with charities (local and national) that minister to those on the street, specifically Firm Foundation as well as international missions via HICC direct and indirect sponsorship of missionaries to as far afield as East Asia, Africa and the USA. The church participated in a large outreach evangelistic event in partnership with The Billy Graham Evangelism Association (BGEA) in 2022 and are far gone with preparation for a similar event this year with HICC identified as an evangelistic training centre for the purposes of the event.
Financial review
The trustees are of the opinion that the financial position at the end of the reporting period is positive.
Total income rose from £309,862 to £416,842 with total expenses rising from £267,408 to £271,686. The net income figure for the year was £145,146 up from £42,454 for the year before.
The net current assets increased from £503,725 to £624,324 and fixed assets increased from £1,791,405 to £1,185,962. Total funds at the year end were £2,440,286 versus £2,295,130 last year.
The trustees have assessed the major risks to which the Charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
The Charity is a Charitable Incorporated Organisation
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HARROW INTERNATIONAL CHRISTIAN CENTRE CIO
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
The trustees who served during the year and up to the date of signature of the financial statements were: A. Okoye
C. Parmar
During 2022 the trustees delegated the direction and management of the church to the Executive Council (EC). Senior Minister Paul James resigned his appointment due to family health reasons and was replaced by the Associate Minister, Dr Albert Okoye who has continued to lead the EC, who meet on a minimum bi-monthly basis. The EC is a team of four persons including the existing two trustees (since Abel Zea’s resignation in August 2021), representing the various cultures and nationalities in the church.
The trustees' report was approved by the Board of Trustees.
..............................
A. Okoye Trustee 06.06.23 Date: .............................................
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HARROW INTERNATIONAL CHRISTIAN CENTRE CIO
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF HARROW INTERNATIONAL CHRISTIAN CENTRE CIO
I report to the trustees on my examination of the financial statements of Harrow International Christian Centre CIO (the Charity) for the year ended 31 December 2022.
Responsibilities and basis of report
As the trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1 accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do 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 financial statements to be reached.
HB Accountants
Chartered Accountants
28 Plumpton House Plumpton Road Hoddesdon Hertfordshire EN11 0LB
Dated: .........................
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HARROW INTERNATIONAL CHRISTIAN CENTRE CIO
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2022
| Unrestricted Restricted funds funds 2022 2022 Notes £ £ Income and endowments from: Donations and legacies 3 381,733 11,583 Charitable activities 4 21,899 - Investments 5 1,191 - Other income 6 436 - Total income 405,259 11,583 Expenditure on: Charitable activities 7 260,103 11,583 Net income for the year/ Net movement in funds 145,156 - Fund balances at 1 January 2022 2,290,086 5,044 Fund balances at 31 December 2022 2,435,242 5,044 |
Total Unrestricted Restricted funds funds 2022 2020 2020 £ £ £ 393,316 307,319 300 21,899 2,200 - 1,191 43 - 436 - - 416,842 309,562 300 271,686 267,108 300 145,156 42,454 - 2,295,130 2,247,632 5,044 2,440,286 2,290,086 5,044 |
Total 2020 £ 307,619 2,200 43 - |
|---|---|---|
| 309,862 | ||
| 267,408 | ||
| 42,454 2,252,676 |
||
| 2,295,130 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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HARROW INTERNATIONAL CHRISTIAN CENTRE CIO
BALANCE SHEET
AS AT 31 DECEMBER 2022
| Notes Fixed assets Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities Income funds Restricted funds 15 Unrestricted funds |
2022 £ 130,785 497,838 628,623 (4,299) |
£ 1,815,962 624,324 2,440,286 5,044 2,435,242 2,440,286 |
2020 £ 70,814 440,703 511,517 (7,792) |
£ 1,791,405 503,725 |
|---|---|---|---|---|
| 2,295,130 | ||||
| 5,044 2,290,086 |
||||
| 2,295,130 |
06.06.23
The financial statements were approved by the Trustees on .........................
.............................. A. Okoye Trustee
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HARROW INTERNATIONAL CHRISTIAN CENTRE CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
1 Accounting policies
Charity information
The Charity is a Charitable Incorporated Organisation.
1.1 Accounting convention
The financial statements have been prepared in accordance with the governing document, the Charities Act 2011 and "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)". The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings Not depreciated Fixtures and fittings 33% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.4 Impairment of fixed assets
At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
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HARROW INTERNATIONAL CHRISTIAN CENTRE CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
1 Accounting policies (continued)
1.5 Financial instruments
The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
1.6 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.7 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Critical accounting estimates and judgements
In the application of the Charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Donations and legacies
| Unrestricted Restricted funds funds 2022 2022 £ £ Donations and gifts 324,217 10,044 Gift Aid tax 57,516 1,539 381,733 11,583 |
Total Unrestricted Restricted funds funds 2020 2020 2020 £ £ £ 334,261 273,634 300 59,055 33,685 - 393,316 307,319 300 |
Total 2020 £ 273,934 33,685 |
|---|---|---|
| 307,619 |
4 Charitable activities
Events and activities
| 2022 | 2020 |
|---|---|
| £ | £ |
| 21,899 | 2,200 |
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HARROW INTERNATIONAL CHRISTIAN CENTRE CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
5 Investments
| 2022 £ Interest receivable 1,191 6 Other income Unrestricted funds 2022 £ Sundry income 436 7 Charitable activities 2022 £ Staff costs 115,875 Depreciation and impairment 16,117 Repairs and maintenance 15,842 Light, heat and cleaning 13,176 Insurance 4,416 Printing, postage and stationery 1,456 Telephone 3,566 Music system 7,388 Young people 1,055 Travel 3,028 Hospitality and events 30,136 Computer expenses 1,356 Bank charges and interest 1,778 Legal and professional fees 2,524 Publicity 676 Books 619 Other expenses 1,982 220,990 Grant funding of activities (see note 8) 48,056 Share of governance costs (see note 9) 2,640 271,686 Analysis by fund Unrestricted funds 260,103 Restricted funds 11,583 271,686 |
2020 £ 43 |
|---|---|
| Total 2021 £ - |
|
| 2020 £ 154,541 4,018 23,147 10,181 4,003 1,223 4,025 9,888 1,193 3,141 3,708 1,036 1,166 960 402 4,579 447 |
|
| 227,658 36,990 2,760 |
|
| 267,408 | |
| 267,108 300 |
|
| 267,408 |
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HARROW INTERNATIONAL CHRISTIAN CENTRE CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
8 Grants payable
| Grants to institutions: World Vision St Luke's Hospice Evangelical Alliance Christians Against Poverty Christian Concern Macmillan Cancer Support Elim Missions: Ukraine appeal Much Loved, Amersham Open Doors Grants to individuals |
2022 £ 1,094 210 420 - 1,275 50 14,250 50 1,275 18,624 29,432 48,056 |
2020 £ 1,003 210 450 1,250 1,250 - - - - |
|---|---|---|
| 4,163 32,827 |
||
| 36,990 |
9 Support costs
| Support costs | ||
|---|---|---|
| Support costs Governance costs £ £ Accountancy fees - 2,640 - 2,640 Analysed between Charitable activities - 2,640 |
2022 Support costs Governance costs £ £ £ 2,640 - 2,760 2,640 - 2,760 2,640 - 2,760 |
2020 £ 2,760 |
| 2,760 | ||
| 2,760 |
10 Trustees
There were no transactions with the trustees in the year.
11 Employees
The average monthly number of employees during the year was:
| 2022 | 2021 | |
|---|---|---|
| Number | Number | |
| Minister | 1 | 1 |
| Retired minister | 1 | 1 |
| Administration | 3 | 3 |
| Total | 5 | 5 |
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HARROW INTERNATIONAL CHRISTIAN CENTRE CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
| 11 Employees (continued) Employment costs Wages and salaries Other pension costs There were no employees whose annual remuneration was more than £60,000. |
2022 £ 107,324 8,551 115,875 |
2021 £ 144,533 10,008 |
|---|---|---|
| 154,541 | ||
| 12 Tangible fixed assets Freehold land and buildings Fixtures and fittings £ £ Cost At 1 January 2022 1,783,248 186,798 Additions - 40,674 At 31 December 2022 1,783,248 227,472 Depreciation and impairment At 1 January 2022 - 178,641 Depreciation charged in the year - 16,117 At 31 December 2022 - 194,758 Carrying amount At 31 December 2022 1,783,248 32,714 At 31 December 2021 1,783,248 8,157 13 Debtors 2022 Amounts falling due within one year: £ Gift Aid tax receivable 126,135 Other debtors 2,750 Prepayments and accrued income 1,900 130,785 |
Total £ 1,970,046 40,674 |
|---|---|
| 2,010,720 | |
| 178,641 16,117 |
|
| 194,758 | |
| 1,815,962 | |
| 1,791,405 | |
| 2021 £ 67,080 3,000 734 |
|
| 70,814 |
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HARROW INTERNATIONAL CHRISTIAN CENTRE CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
14 Creditors: amounts falling due within one year
| Other creditors Accruals and deferred income |
2022 £ 108 4,191 4,299 |
2020 £ 3,530 4,262 |
|---|---|---|
| 7,792 |
15 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
| Balance at 1 January 2021 £ Revival fund 5,044 Ukraine appeal - Ministry gifts - 5,044 |
Movement in funds Incoming resources Resources expended Balance at 1 January 2022 £ £ £ - - 5,044 300 (300) - - - - 300 (300) 5,044 |
Movement in funds Incoming resources Resources expended Balance at 31 December 2022 £ £ £ - - 5,044 10,483 (10,483) - 1,100 (1,100) - 11,583 (11,583) 5,044 |
Movement in funds Incoming resources Resources expended Balance at 31 December 2022 £ £ £ - - 5,044 10,483 (10,483) - 1,100 (1,100) - 11,583 (11,583) 5,044 |
|---|---|---|---|
| 5,044 |
16 Analysis of net assets between funds
| Unrestricted funds Restricted funds 2022 2022 £ £ Fund balances at 31 December 2022 are represented by: Tangible assets 1,815,962 - Current assets/(liabilities) 619,280 5,044 2,435,242 5,044 |
Total Unrestricted funds 2022 2020 £ £ 1,815,962 1,791,405 624,324 498,681 2,440,286 2,290,086 |
Restricted funds 2020 £ - 5,044 5,044 |
Total 2020 £ 1,791,405 503,725 |
|---|---|---|---|
| 2,295,130 |
17 Related party transactions
There were no disclosable related party transactions during this year and the prior year.
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