**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.
- 1 -
**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
- 2 -
## **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: .............................................
- 3 -
## **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
- 2 the financial statements do not accord with those records; or
- 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: .........................
- 4 -
## **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.
- 5 -
## **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**
- 6 -
**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).
- 7 -
**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|
- 8 -
**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|
- 9 -
**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|
- 10 -
## **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|
- 11 -
## **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.
- 12 -