Charity registration number 1181824 HARROW INTERNATIONAL CHRISTIAN CENTRE CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMEI¥JTS FOR THE YEAR ENDED 31 DECEMBER 2023
HARROW INTERNATIONAL CHRISTIAN CENTRE CIO LEGAL AND ADMINISTRATIVE INFORMATION Trustees A. Okoye C. PaTmar Charity number 1181824 Prin¢ipg1 &ddr¢ss 205 Station Road Harrow Middlesex HAI 2TP Independent exarniner HB Accountaiit5 28 Plumpton House Plumpton Road Hoddesdon Hertfor(Ishire ENII OLB Banker6 National Westminster Bank PLC 315 Station Road HarTOW Middlesex HAI 2AD Solicitor5 Bate5 We115 BTaithwaite l O Queen Sireet Place London EC4R I BE
HARROW INTERNATIONAL CHRISTIAN CENTRE CIO CONTENTS Page Triistees, report Independent examinerfs report Statejnent of fjnancial activities Balance sheet Notes to the financial statements 7-14
HARROW INTERNATIONAL CHRISTIAN CENTRE CIO TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their annual report and financial statements for the year ended 31 Dec£mber 2023. The financial statements have been prepared in accordance with the accounting policies set out in note I lo the financial statements and comply with the Charity's governing document, the Charities Act 201 l and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ot Ireland IFRS 1021 (effective l January 20191 Objettives #etivities 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 perfonn activities in line with the objective of the church aimed at benefitting the wider community. The Irllsiees have remained faithflll to observance of all relevant guidelines issued by the Charity Commission in the course of fulfilling the objective of the ch2riry. The cliuTch 15 op¢n to everyone wishing to attend but adoption ii)to church tnemb¢r5hip remain5 PTedicated on T¢gulaT atteD(lance over seveTal Tnonth5 ai)d CODiTllitTnent to tlie churLII's th¢ological teii¢t5 and pliilosophical beliefs. The Inanag¢ment of the church is via ali Executive C.oun¢il which in¢lu(ItS ITUStees all of WI)0 liawe oveTsight of the adniii1i5trative and finai)¢ial activities of the church adnliiiistered via a committee. The Senior minister has oversight of missions and spiritual matters assisted by an Associate Minister both of who along with the trustees artd other leaders meet and agree operational diretytion for the ¢hurch Ihrough ihe Executive C.oiin¢il IECI that meets regularlw and as the need arises. A subgroup of departmenial leaders report to the EC on specific aspe¢ of ¢hiirch activities and The EC m¢ets M'iih all siibgroup leaders and their team members for abollt an hour every two weeks. The meeting is primarily to maintain focus on the vision and objectives of the church and also reviews activities and resource requirements in each department, ensures compliance with regulatory gllidelines as well as offer grollp supervision to the leaders It is also a forum for Prayers for guidance into the Will of God and clarity of vision for the chllrch,The trustees have remained faitht'ul to observance of all relevant guidelines issued by the Charity Commission in the course of fulfilling the objective of the charity. A key aspect of the objective of the church is to see people receive salvation, encourage SPiTltual groth and develop ministries of ivhiih there has been more expansioi) in tl)e last one year. Some of the new ministries adopted include Discipleship Ministry Which focuses on building up relatively newer Converts 10 the faith as ¢1] as putting togeiher spiritual enhancing workqhop.q and training for the M'ider church su¢h as"Parenting Sessions, HICC. Commllnit), kiichen is an expansion of the 'Love in Action, ram food dislriblliion 10 inclllde people from the Harro, Commiiniry attending the church in person on Saturday afternoons for cooked meals in addition to colleciing foodstuff where needed. In the last year, visiting speakers have continiied to attend both the rnain Sunday services as well as siibgroup services such as The Women Ministry. Lifehollse and Yoiith chiirches, looking t current issiies relevant to the ditTerent aspects and age groups of the chLirch. There are more of such visitations planned for the rest of the Year.. These visits are also opportunities to collaborate 1th other chiirches and invite people who might not ordinarily attend chiirch and the> have proved effective ways of reachit)g people. Deptndillg on the theme of the visit, teams of people are available to pray for the sick lif a healing event), to evan8elise and to organise members and visitors to ensure the best outcome.. The church continues to offer a mix of In-person and Virtual attendance acros5 three main Sunday services- 9 atn, I l am and 1..30pTn118-30 group) Inade possible by tl)e church's investment iii techiiical infrastructure and professional expertise. More recentl}, we have introduced a 6-7..30pm Suiiday eveiiing service every third Sunday of the Inontli, airned at Praj'ing for the Sick within aiid fTOrn outside of the churcli. The attendance ha5 been encouraging and nieinbers have be¢ii enthusiastic about tlie addition. l-he Theekly Art5 and Craft, Mid-day c.offee and PTay¢r Ineeting5 as well a5 the rnid-week eveiiing PrayeT Service coiitinue to run Tegularly facilitated by volunteers. In the last year, HIC.C. lias been runiiing a veekly Diabete5 a.areli¢s5 ses510n In th¢ C.off¢e baT, jQll)tly witli the NHS aiid local Harrow COTnrnunity and opeii to people froni th¢ corninunity rnany of i¥ho are not n¢ce5sarily of the ChTlStian faith. A Computer literacy clinic ha5 also been appended to this sess101) targeting OAPs.
HARROW INTERNATIONAL CHRISTIAN CENTRE CIO TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The church continues to set aside a minimum of lo10 of general income received for gifts to support home and overseas tnissions and charitable work by way of provision of care gifts to alleviate hardship to niore disadvantaged church tnenibers and people witliin the immediate community of the church continues to be central. All needs continue to be considered on an individual basis. Athievements and performAnte On the back of the unexpected early retirement of the Senior Minister Teported last year, and the assuTnption of the role of Senior Minister by tlie er5twliile Associate Minister. HICC. lias coiitinued to record Steady gro11] in spiritual and other aTeas of activity. There have been many new niiiii5tries raised in the last year and coinpetent hitherto inactive In¢inber5 appeaT to have fouiid appropriate Ininistry opportunities. Tlii5 lias included the wideiiing of the iiurnber of SPiTltuallJ' faithful and matured Inember5 included in the preaching Rota as a way organic-capacity building to forestall disruption to hurch activities sliould tliere be unexpected exit of eitlieT the Senior of Associate Pastors. Thi5 15 to ¢nsure the maintenance of the fimi foundation built by the fouiiders of HICC in tlie last fouT de¢ade5. There are ¢utTei)tly two aLtive tTUStees following the Tesignation of a trustee on account of Telocation of his faimily. The EC has made overtures towards members identified as Capable oftaking on the role but no appointment has been made as yet. HICC has been outreach fLtused in this season, reflected in the Church's 2024 Vision stateinent and evidenced by the increased number of outreach-directed activities by all departments. The church has been having on average Iwo-lnonthly church-wide Evangelistic Outreach events in Harrow Town Centre with the approval of Harrow Council. This has afforded opportunifv tor interaction with the Harrow Community whilst sharing the good news of tl)e gospel. An outcome of this outreach endeavour has been notable increase in the number of attendees to all church events but especially the Sunday services. The intemal re5tructtiring of a segment of the church building approved by the EC and Trustees to accommodate the grow¢h in number of Lifehouse lour 205 to 30s group) was completed in the last one year and has proved a tremendous aid to the effective running of that ministry. The ministry's groM¢h in the breath of spiritual activities earlier recorded has been further enhajiced in the year under review. The group attended a retreat event in the year which served to cement their relatlollship with one at]other as well as strengthen the increasinglv joiniiig new metnber5. New partners have continued lo be welcomed into fellowship follo.ing aiiend21)ce of ne, menibers induction on a number of occasions in the last year with membership still retlecting the diverse nationaliry ot. the church. This diverse mix that characttrises our church community. has continued to be rcflccted in the numbcrs of African, Asian, Caribbcan and European partners proportionate with the current demography of the local community in the greater Harrow region. All Annual training events including Health and Safery IH&SI as well as Safeguardillg Children and Viilllerable Adults have been maintait)ed, being professionally delivered by our chosen accredited provider for safeguarding, Thirtyone.'eight. We have continued to maintain our involvejnent 1th charities Ilocal and nationall 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 LISA. The church once again participated in outreach in sumjner 7023 at the Excel Celltre in London. HICC members ivere actively involved in preparation for the event and service on the day. Finaneigl review The tnjstees are of the opinion that the financial position at the end of the reporting period is p051tive. Totsl income Tose slightly to £417.914 frotn £416,842 tlie PTeviou5 year. General giving, including Gift Aid tax, increased slightly to £382,390 from £i81.733. Totsl expenses increased by £24,336 to £296.013. The net incorne figure for the year fell to £121,892 froin £145.156. Fixed a55ets incTeased ftorn £1,815,962 to £1,921,061. Net current a55ets increased from £624,i24 to £641.117. Total funds are nom. £? 562.178 as COTnpared with £2.440,286 the PTeviou5 year. The ¢hurcli continues to opeTat¢ tlie financial policy that unTeStTiCted funds wliiLli have not beei) designated for a specific use are maintaiiled at a minimun) level equivalent to tliree month's incoime, with the actual cash 01) haild providing six Imontli's incon)e. The iTusiees Lonsider tl)ai reseTves J¢ tl)e minimum level Ivill ensuTe that. in tlie event of a signifi¢ai)t drop ii) fundiilg, Iliey will be able ¢0 ¢oniinue the church's Current aciivities while Consideraiion is givert to ways in which addillOI)al funds may be raised. This level of SerVeS l)&8 been maintained Ihroughoui the period.
HARROW INTERNATIONAL CHRISTIAN CENTRE CIO TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 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 niajor risks. Structure? govtrngnee &nd manggement The Charity is a Charitable liicorporated Organisation The trustees who served during the year and up lo the date of signature of the financial statements were= A. Okoye C. Partnar Tnjstees are appoiiited and removed by the Executive Council which includes active trustees. Folloiving the resignation of the erstwhile Senior Minister. Pastor Paul James in 2022 as reflected in the 12St report, Dr Albert Okoye continues to serve as current Senior Minister, supported by Pastor Paul Jarrett 'hO hiiherto ivas the Pastor of the Junior Church for several years. They are both long established members of the HICC Executive Council IECI and well-grounded in corwrate knowledge and spiritual direction of the church. The church has continued to function steadily and hcalthily under their joint spirithal leadership. The EC remains a team of four persons, jointly making decisions on all matters relevant 10 the church. The trustees, report was approved by the Board of Trustees. A. Okoye Trustee Date.. 22.08.2024
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 Decetnber 2023. Responsibilities and basis of report As tlie trustees of tjie Charity you are responsible for the preparation of the financial statements in accordance with the requiretnents of the Charitie5 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 carrving out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515iibl of the 2011 Act. Ind¢p¢ndetht examiner's $t#t¢m¢tht Sincc tl)c Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 201 l Act. I confirm that l am qualified to undertake the examination because l am a mernber of ICAEW, which is one of the listed bodies. Your attention is drawn to the faci that the chariry has prepared financial statements in a¢¢ordan¢e 1th A¢¢ouniing and Reporting by Charities preparing their accounts in accordance iviih the Financial Reporting Standard appli¢able in the UK and Republic of Ireland IFRS 1021 in preterence io the Accounting and Reporting by Charities.. Stalen)ent of Recommended Practice issued on l April 2005 which is referred to in the exianl reglllations but l)as now been wiil)drawn. understand that this has been done in order for tinancial statements to provide a true and fair view, in accordance with Generally Accepted Accounting Practice eftective for reporting periods beginning on OT after l January 2015. I have ¢oiMpleted my examination. l Confirm tha¢ no matters have ¢ome to my attention in connection with the examination giving tne cau5¢ to b¢li¢v¢ that in any rnat¢iial respect.. accounting records M'ere not kept in respect of the Charity as required by section 130 of the 2011 Act,. or the financial statements do not accord with those records.. or the fiiiancial ststcment5 do not coinply with the applicable r¢quireTnents concerning the fomi and content of accounts set out iii tli¢ Charitie5 IAcLouiit5 aiid R¢poTt51 Regulatioiis 2008 otli¢T than any requiretneiit that the a¢couiit5 give a tTue and fail view whi¢li is not 3 matter Loiisi(lered as part of aR in(l¢p¢iideiit ¢xamination. I have no concerlls and have come across no other matters in coiinection with the examiiiation to which attention should be drai¥n in this Teport in order to enable a proper understandiiig of the financial statements to be Teached. HB A¢couthtant$ Chartered Account?nt5 28 Plump¢on House Plumpton Road Hoddesdon HeTtfordshiTe ENII OLB Dated.. 22.08.2024
HARROW INTERNATIONAL CHRISTIAN CENTRE CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted funds 2023 Restricted funds 2023 Total Unrestricted funds 2022 Restricted fund5 2022 Total 2023 2022 Notes Income endowments from.. Donations and legacies c.haritable activities Investments Other income 5,195 387,585 24,694 5,635 381,73) •1.899 11,583 393,316 •1.899 24,694 5,635 436 436 Total ineomt 412.719 5.195 417.914 405,259 11,583 416,842 Expenditure OD: Charitable activities 291.222 4.800 296.022 260,103 11,583 271,686 Total expenditure 291,222 4,800 296,022 260,103 11,583 271,686 Net in¢onJe 121.497 395 121.892 145,156 145,156 Tran5f¢r5 between funds 5,044 15,0441 Net movement in funds 126,541 14,6491 121,892 145,156 145,156 Re¢on¢iliation offund$: Fund balances at l January 2023 2.435,242 5,044 2.440,286 2,290,086 5,044 2,295,130 balan¢e$ #t 31 D¢eemb¢r 2023 2,561,783 395 2,562,178 2,435,242 5,044 2,440,286 The statement of financial activities includes all gains and losses re¢ognised in the year. All income and expenditure derive from ¢oniinlling a¢liviiies.
HARROW INTERNATIONAL CHRISTIAN CENTRE CIO BALANCE SHEET ASAT31 DECEMBER 2023 2023 2022 Notes Fixed assets Tangible assets 13 1.921,061 1,815,962 Cllrrent assets Debtors Cash at bank and in hand 14 54.455 592,177 130,785 497.838 646,632 628,623 Creditors: amounts falling due within one year 15 {5.5151 14,2991 r4et current asset$ 641,117 624,324 Total a55ets less current liabilities 2,562,178 2.440,286 Net Assets excluding pension liability 2.562,178 2,440,286 The fund5 of the c.harity Re%tricted income funds Unrestricted funds 17 395 2,561,783 5,044 2,435,242 2,562.178 2.440,286 The financial statements were approved by the trustees on A. Okoye Trustee
HARROW INTERNATIONAL CHRISTIAN CENTRE CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies Charit}. it)formation The Charity is a Charitable Incorporated Organisation. 1.1 Ac¢ounting eonvention The financial statements have been prepared in accordance i¥ith the governing document. the Charities Act 2011 and "Accouiiting and Reporting by Charities.. Statement of Recommeiided Practice applicable to chaTlties preparing tjieir accounts in accordallC¢ Wlth the Fiiiancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191" The Charity 15 a Public Benefit Entity as defiiied b}. FRS 102. The Charity has takeii advaiitage of the provisions in the SORP for charitie5 applying FRS 102 Update Bulletin I not to prepaTe a Stateinent of Cash Flow5. The financial statements have departed from the Charities (Accounts and Reports) Regiilations 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 Ststement of Recommended Practice which is referred to in tjie Regulations but which has since been withdra1. 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 finai)¢ial statements have been prepaTed undeT the histOTical Cost convention. The principal accounting policies adopted aTe set out below. 1.2 Going concern At th¢ tim¢ of approving th¢ financial statements. the tru5t¢es have a r¢a50nable ¢xpectation that th¢ ChaTity has adequate r¢50urc¢5 to continue in operational exi5t¢nce for th¢ for¢se¢able future. Thus the tTUStee5 Continu¢ to adopt the ¥oing concern basis of accountin¥ in PT¢paring the financial statement5. Tgngihle fjxtd gs$ets 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 c05t or valuation of asset5 less their residual values over their useful lives on the following bases.. Freehold land and building5 Fixtures and fittings Not depreciated 330/0 redu¢ing 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 lrnphirment of fixed Assets At each reportiiig cnd date. the C.haTity reviews tlie canying amounts of its tangible assets to deteTinine iyhether theTe 15 any indication that th05¢ a5set5 have suffered an itnpainM¢nt Ios5. If an). such indication exi5t5, the recoverable amount of the asset 15 estimated in order to d¢terniiiie the ¢xtent of the impaiimient Ios5 lif any).
HARROW INTERNATIONAL CHRISTIAN CENTRE CIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Aeeounting polities leontirtuedl 1.5 Financial instrurnent5 The c.h(lty has ¢l¢Lled to apply the PTOViSiOllS of Section I I 'Bagi¢ Financial Instruments, and Section 12 '0theT Financial Instiun)¢nts Issues. of FRS 102 to all of its financial instiuments. Financial instruments are re¢ognised in the Charity's balan¢e sheet when the Charity becomes party to the ¢ontractual provisions of the instrument. Financial assets and liabilities are offset, with the net amollnts 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 simultaneoiisl}'. 1.6 Emplts)ee benefits The cost of any unllsed 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 terninate the employment of an employee or to provide termination benefjts. 1.7 Retiremetht b¢n¢fits Payments to defined contribution retirement benefjt schemes are charged as an expense as they fall due. Critie#l #ecourttithg ¢$tim4tes #thd judg¢m¢thts In the application of the Cliarity s accoui)ting policie5, the trustee5 are required to make judgetneiits. estimates and as5umpt10115 about the carrying aniouiit of assets and liabilities tliat are not readily appareiit froni other sources. The estimat¢5 and a550ciated assumptions aTe based on lii5torical ¢xpeTience and otlieT factors that aT¢ coiisidered to be relevant. Actual Tesults Tnay differ frotn these estitnate5. Tlie estimates aiid underl)'in¥ as5uniptioiis are Tevi¢i¥ed on an ongoing ba515. Revision5 to accountin¥ estiinates are recognised in the peTiod in which th¢ estirnate is revised wh¢re tlie revision affects only tliat period, or in th¢ rIOd of the revisioii and future peTiods where the revisioi) affects both Current and future peTiods. Income from donations and legacies Unrestricted rullds 2023 Restricted funds 2023 Total Unrestritted funds 2022 Restritted funds 2022 Tot&1 2023 2022 DonatiOll5 and gifts Gift Aid tax 332,354 5,195 337,549 50.036 324,217 57,516 10,044 1,539 334,261 59,055 382,)) 5,195 387,585 381,733 11,583 393,316
HARROW INTERNATIONAL CHRISTIAN CENTRE CIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Income from charitable activitie5 Unrestricted funds 2023 Unrestricted fuNd$ 2022 Event5 and activities 24,694 •1.899 Income from investments Unrestricted Unrestricted funds funds 2023 2022 Interest receivable 5,635 Other ineome Unrestricted Unrestritted fullds funds 2023 2022 Sundry income 436
HARROW INTERNATIONAL CHRISTIAN CENTRE CIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Expenditure on eharitable activities 2023 2022 Staff costs Depreciation and impairn)ent Repairs and maintenance Lighi, heat and cleaning Insurance PTlllting, postage and stationery Telephone Music system Children and yoiing people Trav¢1 Hospitality and events Computer expenses Bank charge5 and iiiterest Legal and piofessional fees Publicity Evallgelism OtheT expenses 31,316 14,154 76,890 20,507 4,946 900 3,093 7,809 19.079 115,875 16,117 15,842 1.3,176 4,416 1,456 -3,566 7,388 1,055 3,028 30,136 1,356 1,778 2,524 676 37,906 396 1,669 4,623 1,741 12,051 1,329 2,601 238,409 220,990 Grant ndIng of activities (see note 81 54,733 48,056 Share of support #thd gowernin¢e ¢ost$ (see note 91 Governance 2,880 2,640 296,022 271,686 Anal>sis by fund UnTestricted funds Restrieted funds 291,222 4,800 260.103 11,583 296.022 271.686 10-
HARROW INTERNATIONAL CHRISTIAN CENTRE CIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Grants pfisable 2023 2022 Grants to institutions.. World Vision St Luke's Hospice Evangelical Alliance Christians Against Poverty C.hri5tian Concern Samaritans Purse Elim Missions.. Ukraine appeal Much Loved. Am¢T5hatn Open Doors Mantle of Praise 1.094 1,094 210 420 630 i 0,000 7,500 1,275 50 14,250 50 1,275 5,350 24,574 18,624 Grant5 to individuals 30,159 29.432 54,733 48,056 Support tosts allocated to aetivities 2023 2022 Governance costs 2,880 2,640 2023 2022 Governance costs cornpri5e: Accountancy fees 2,880 2,640 io Trnstees There M'ere no transactions with the trustees in the year. Ernployee5 The average monthly number of employees during the year was.. 2023 Number 2022 Number Minister Retired minister -4dministration Total
HARROW INTERNATIONAL CHRISTIAN CENTRE CIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Employees (¢othtinued) Ernployrnent Costs 2023 2022 Wages and salaTies OtheT pension costs 30.201 107.324 8,551 31.316 115,875 There were no etnployees ivhose annual remuneration was rllore than £60,000. 12 TaxAtion The GhaTlty is exeTnpt from taxation 01) its activities because all it5 incon)e is applied ftsT charitable pury)0ses. 13 Tangible fixed assets Fre¢huld Illnd buildin%y Fixtures TotHI C05t At l January 2023 Additions 1.783,248 109,075 227,471 10,178 2.010,719 119,253 At 31 DecembeT 2023 1.892,323 237,649 2,1?9,972 Depreciation and impairment At l January 2023 DepTeciatioii charged in the year 194,757 14,154 194,757 14.154 At 31 December 2023 208,911 208,911 Carrying arnount Al 31 December 2023 1,892,J23 28,738 1,921,061 At 31 DecembeT 2022 1.78.1,248 32,714 1,815.962 14 Debtors 2023 2022 Amounts fglling due within one year.. Trade debtors Other debtors Prepayments and accrued income 48.994 2,625 2,836 126,115 2,750 1,900 54,455 130,785 12-
HARROW INTERNATIONAL CHRISTIAN CENTRE CIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 15 Creditor5: amount5 fAlling due within one year 2023 2022 (hher creditOT5 Accruals and deferred income 140 5,375 108 4,191 5,515 4,299 16 Retirement benefit Schemes 2023 2022 Defined contribution schemes ChaTge to PTofit or loss in respect of defined contribution schemes 8,551 The ChaTlty operates a defii)ed ¢ontTibution pension scheme for all qualifyiilg employees. The assets of the scheme a lield separately from tl)ose of the C.hari¢y in an independently administeTed fund. 17 Restricted fund5 The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donor5 as to how they may be used. At l Janu*ry 2023 Incoming re$our¢e$ Re$our¢es exp¢nd¢d TrgnsfersAt 31 D¢¢¢mber 2023 Revival fund Evangelism Gifts Buildin¥ fund 5,044 15,0441 2,300 2,500 395 12,31>01 12.5001 5,044 5.195 14.8001 15,0441 395 Previous yeAr: At I JAnuary 2022 Incoming resource5 Resources expended Tran5fersAt 31 December 2022 Revival fund UkTaii)e appeal Ministry gifts 5,044 5,044 10,483 1,100 110.4831 5,044 11,583 5,044 13-
HARROW INTERNATIONAL CHRISTIAN CENTRE CIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 18 Ullre5trieted funds The iinrestricted fllnds of the charity comprise the unexpended balances of donations and grants which are not subject to specific eondiiions by donors and grantors as to ho. they may be used. These include designated tiinds which have been set aside out of unrestricted tunds by the trnstees for specific purposes. At l J#nu4ry 2023 In¢oming re$ourees Re$our¢es expended TransfersAt 31 Deeember 2023 General funds 2.435,242 412,719 1291.2221 5.044 2.561,783 Previous year: At l J#rtu4ry 2022 In¢oming r¢$ourees Re$our¢es exp¢rtded Tr#thsfersAt 31 Deeember 2022 General funds 2 ?90.086 405.259 1260.1031 2,435.242 19 Allalysis of net assets between funds Unrestricted furtds 2023 Restricted fvnd$ 2023 Total 2023 At 31 Decernber 2023: Tangible assets Curret]t assetsllliabilitiesl ,9?1.061 640.722 1,921,061 641.117 395 2,561.783 395 2,562,178 Unrestricted fund$ 2022 Restricted fud$ 2022 Total 2022 -4t 31 Decernber 2022: Tangible assets Current assetsllliabilitiesl 1,815.962 619,280 1,815,962 624,324 5,044 2,4)5,242 5,044 2,440,286 20 Related PArty transActions There were no disclosable related party transactions during this year and the prior year. 14-