## **THE INTERNATIONAL FELLOWSHIP FOR CHRIST**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31[st] JULY 2021**
**CHARITY NUMBER: 272823**
## **THE INTERNATIONAL FELLOWSHIP FOR CHRIST**
**LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 31[ST] JULY 2021**
## **ADDRESS FOR CORRESPONDENCE**
IFC
213A RAILTON ROAD LONDON SE24 0LX
## **REGISTERED CHARITY NUMBER**
272823
## **GOVERNING DOCUMENT**
CONSTITUTION ADOPTED 14[TH] MAY 1978
## **TRUSTEES**
Rev Trevor Baxter Norma Gray Rubell Moore Rudall Moore
## **PRINCIPAL BANKERS**
BARCLAYS BANK UK PLC 1 CHURCHILL PLACE LONDON E14 5HP
## **INDEPENDENT EXAMINER**
FRESH FIRE ORGANISATION GENERATOR BUSINESS CENTRE 95 MILES ROAD MITCHAM SURREY CR4 3FH
**1**
**THE INTERNATIONAL FELLOWSHIP FOR CHRIST 213A RAILTON ROAD LONDON SE24 0LX**
**INDEX Page Legal & Administrative Details 1 Index 2 Trustee’s Report 3 - 4 Independent Examiner’s Report 5 Statement of Financial Activities 6 Balance Sheet 7 Notes on the financial Statements 8 - 11**
**2**
## **THE INTERNATIONAL FELLOWSHIP FOR CHRIST**
# **TRUSTEES’ REPORT YEAR ENDED 31[ST] JULY 2021**
The trustees are pleased to present their report for the year ended 31[st] July 2021 for the charity, The International Fellowship for Christ with charity number 272823.
The Trustees of the charity are:
Rev Trevor Baxter Norma Gray Rubell Moore Rudall Moore
The principal address of the charity is : 213A Railton road London SE24 0LX
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Charity governing document is a CIO-Foundation constitution that was converted on 5[th] March 2019.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
## **OBJECTIVES AND ACTIVITIES**
The Objects of the organisation are as follows:
- A) TO PRESENT THE CHRISTIAN MESSAGE AND WAY OF LIFE, TO WIN PEOPLE FOR JESIS CHRIST AND TO INTRODUCE THEM TO THE FELLOWSHIP OF CHRIST.
- B) TO HELP YOUNG PEOPLE DEVELOP THEIR PHYSICAL MENTAL AND SPIRITUAL CAPACITIES SO THAT THEY MAY GRO TO FULL MATURITY AS INDIVIDUALS AND MEMBERS OF SOCIETY AND THAT THEIR CONDITIONS OF LIFE MAY BE IMPROVED .
The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
3
## **ACHIEVMENTS AND PERFORMANCE**
The Organisation continues to hold successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. Due to the pandemic the organisation hosted all its programs and events online via ZOOM.
## **FINANCIAL REVIEW**
The income of the charity is above £35,000 and was from donations received from members. The church managed its expenses well. The church is an ongoing concern. This year they had a reasonable surplus at the end of the financial year.
## **RESERVE POLICY**
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to build up and maintain this level throughout the year.
## **RISK MANAGEMENT**
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
## **TRUSTEE RESPONSIBILITIES**
Under the Charities Act 2011,the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
1. Select suitable accounting policies and apply them consistently.
2. Make judgements and estimates that are reasonable and prudent.
3. State whether the applicable accounting standards have been followed.
4. Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 21[st] December 2022 and signed on their behalf by:
_____________________________________________
**4**
## Independent Examiner’s Report To the Trustees **THE INTERNATIONAL FELLOWSHIP FOR CHRIST**
I report on the accounts of the church for the year ended 31[st ] July 2021 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
## **Respective responsibilities of trustees and examiner**
The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :
- Examine the accounts under section 145 of the 2011 Act.
- Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
- State whether particular matters have come to my attention.
## **Basis of Independent examiner’s report**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent examiner’s statement**
In the course of my examination, no matter has come to my attention;
- (1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
- proper accounting records are kept( in accordance with section 130 of the 2011 Act
- accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
- (2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Chuks Ajuka BSc(Man), FICB PMDip License Number 17362 FRESH FIRE ORGANISATION Generator Business Centre 95 Miles road Mitcham Surrey CR4 3FH
**5**
## **THE INTERNATIONAL FELLOWSHIP FOR CHRIST**
## **Statement of Financial Activities for the year ended 31st July 2021**
|||**Unrestricted**|**Total Funds**||
|---|---|---|---|---|
|||**Funds**|**2021**|**2020**|
|**Incoming Resources from**|**Note**|**£**|**£**||
|**generated funds**|||||
|Donations and Legacies|**2**|36342|36342|31859|
|Investment income|**3**|0|0|0|
|||36342|36342|31859|
|Other Income|||||
|**Total Incoming**||36342|36342|31859|
|**Resources**|||||
|**Resources Expended**|||||
|**Charitable activities in furtherance of objectives**|||||
|Charitable Activities|**5**|27,617|27,617|28512|
|Other|**4**|870|870|0|
|**Total Resources**||28,487|28,487|28512|
|**Expended**|||||
|**Net movement in funds**||**7,855**|7,855|3347|
|**Reconciliation of Funds**|||||
|Total Funds brought forward||763921|763921|760574|
|**Total Funds carried forward**||**771,776**|771,776|763921|
The above funds are all classed as to purpose All movements of funds and all recognised gains and losses are included above.
The notes on the accounts form part of these accounts.
**6**
## **THE INTERNATIONAL FELLOWSHIP FOR CHRIST Balance Sheet as at 31st July 2021**
|**Note**
**2021**
**Fixed Assets**
**£**
Tangible fixed assets
**5**
659618
_________
659618
_________
**Current Assets**
Cash at bank and
112966
in hand
Debtors & prepayments
0
112966
**Creditors:amounts falling due within one year**
Creditors & accruals
**8**
808
_________
**Net Current Assets**
112158
_________
**Net Assets**
771776
**Unrestricted Funds**
General Fund
771776
**TOTAL FUNDS**
771776
_________|**2020**
**£**
659980|
|---|---|
||659980|
||104903
0|
||104903
960|
||103943|
||763923
763923|
||763923|
For the year ended 31[st] July 2021 THE INTERNATIONAL FELLOWSHIP - FOR CHRIST accounts shown above represent a true and fair view of the financial position of the charity
Approved by board of directors on 23rd December 2022
And signed on their behalf by
TRUSTEE
Signature:________________________________
**7**
## **THE INTERNATIONAL FELLOWSHIP FOR CHRIST**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] JULY 2021**
## **1) Accounting Policies 1.1 Basis of Accounting**
These accounts have been prepared under the historic cost convention with items Recognised at cost or transaction values 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 Preparing their accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014. 1.2 **Going Concern:** The accounts are prepared on a going concern basis.
1.3 The accounts present a true and fair view and no change have been made to the accounting policies adopted.
1.4 No changes to the accounting estimates have occurred in the reporting period
1.5 No material prior year error have been identified in the reporting period.
## _Recognition of Income_
These are included in the Statement of Financial Activities (SOFA) when:
- The charity becomes entitled to resources;
- It is more likely than not that the trustees will receive the resources;
- The monetary value can be measured with sufficient reliability.
## _Grants and Donations_
Grants and Donations are only included in the SOFA when the general income recognition criteria are met (5.10 to 512 FRS102 SORP)
.
## _Tax reclaim on donations and gifts_
Gift Aid receivable is included in the 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 in addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
## **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.
## _Grants and Support Costs_
Support costs have been allocated between the governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
**8**
## **THE INTERNATIONAL FELLOWSHIP FOR CHRIST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] JULY 2021**
_Creditors_
The charity has creditors which are measured at settlement amounts less any trade discounts.
## **ASSETS**
_Tangible Fixed Assets for use by the charity_
They are capitalised if they can be used for more than one year. They are valued at cost. The depreciation is calculated at 20% reducing balance method.
## _Debtors_
Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at cash.
.
**9**
## **THE INTERNATIONAL FELLOWSHIP FOR CHRIST Notes to the accounts for year ended 31st July 2021**
## **2 Voluntary Income**
Unrestricted Total fundsTotal funds Funds 2021 2020 Church collections £ £ £ Donations 36342 36342 31859 Total **36342 36342** 31859
## **3 Investment income**
Unrestricted Total funds Funds £ 2021/£ 2020/£ Bank Interest **0 0** 0
## **4 Other**
**Other** Amount 2021/£ 2020/£ Charitable donations 870 0 0 0 _________ **870** 0
## **5 FIXED ASSETS**
||Land and|Plant and|Furniture &||
|---|---|---|---|---|
|**Cost**|Buildings|Equipment|Fittings|**Total**|
|01/08/2020|670133|0|6514|676647|
|Additions|0|850||850|
|31/07/2021|670133|850|6514|677497|
|**Depreciation**|||||
|01/08/2020|15364|0|1303|16667|
|charge for yr|0|170|1042|1212|
|31/07/2021|15364|170|2345|17879|
|**NBV**|||||
|31/07/2021|654769|680|4169|659618|
|01/08/2020|654769|0|5211|659980|
**10**
## **THE INTERNATIONAL FELLOWSHIP FOR CHRIST Notes to the accounts for year ended 31st July 2021**
|**6 **|**Cost of Activities in furtherance**|**of Charity's Objectives**|**of Charity's Objectives**|
|---|---|---|---|
|||2021/£|2020/£|
||Establishment costs|0|16975|
||Accountancy fees|612|650|
||Indeoendent examiner's fees|0|690|
||Communications and IT|614|2144|
||Depreciation and Impairment|1212|1513|
||Security alarm|0|540|
||Legal fees|9000|6000|
||Gifts|2460|0|
||Professional fees|504||
||Light and Heat|8384||
||Books and Stationety|170||
||Subscriptions|170||
||Repairs|2355||
||Church Supplies|617||
||Insurance|1425||
||Rates|94||
||**Total**|27617|28512|
- **8** The operational work of the charity was undertaken by volunteers during the financial year.
## **9 Creditors: amounts falling due within one year**
||£||£||
|---|---|---|---|---|
|||2021||2020|
|Creditors||808||960|
|Total||808||960|
**11**