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2021-03-31-accounts

Charity number: 1134967

UPPER ROOM FIRE CHRISTIAN CENTRE

Report of the Trustees and Unaudited Financial Statements

For the year ended 31 March 2021

Doc ID: 6cad9d84d47666eb17a7ca4514079aa492f82af1

UPPER ROOM FIRE CHRISTIAN CENTRE Contents Page For the year ended 31 March 2021

Report of the Trustees 1 to 2
Independent Examiner's Report to the Trustees 3
Statement of Financial Activities 4
Statement of Financial Position 5
Notes to the Financial Statements 6 to 10
Detailed Statement of Financial Activities 11

Doc ID: 6cad9d84d47666eb17a7ca4514079aa492f82af1

UPPER ROOM FIRE CHRISTIAN CENTRE Report of the Trustees

For the year ended 31 March 2021

The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 March 2021. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Upper Room Fire Christian Centre (URFCC) is committed to bringing as many people as possible to worship at our church and to become member and join the church in achieving it's aims & objectives.

URFCC services & worship put faith into practice through prayers, scripture & music. Generally, we encourage our members to:

Statement on public benefit

The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

Volunteers

URFCC is assisted by a team of volunteers in running the Church. These volunteers work in various capacities from ministers to cleaners and are critical to the smooth running of the Church.

ACHIEVEMENTS AND PERFORMANCE

Significant activities

URFCC offers a range of services on a weekly basis which are beneficial & spiritually fulfilling - they are:

There are also other services or programmes held monthly:

Apart from our regular services, we encourage our members to celebrate & thank God at the milestones of their journey through life.

FINANCIAL REVIEW

The charity reported a total income of £77,176 and a net surplus of £4,168 in the year to 31 March 2021, accumulated funds were £24,973 of unrestricted funds.

Reserves

It is URFCC policy to transfer on a monthly basis, the sum of £500.00 from the unrestricted collections to a savings account towards the part-financing and acquisition of a place of worship for the church. As the church grows we intend to review and increase the funds.

Going concern

At the time of approving the accounts, 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 accounts.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Upper Room Fire Christian Centre (URFCC) is a charitable trust registered on the 16th of March 2010 and ios controlled by it's governing document, trust deed dated 26th October 2009.

Recruitment and appointment of trustees

Trustees are elected by existing trustees in a way that serves the Charity's best interests and Trustees are made aware of the legal responsibilities they will be taking on.

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity UPPER ROOM FIRE CHRISTIAN CENTRE Charity registration number 1134967 Principal address 6 WHERNSIDE CLOSE LONDON

SE28 8HB

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UPPER ROOM FIRE CHRISTIAN CENTRE Report of the Trustees Continued For the year ended 31 March 2021

Trustees

The trustees and officers serving during the year and since the year end were as follows:

Pastor James Oladimeji Mrs Gloria Oladimeji Mrs Francesca Akinyemi Akinbola Oluwajinmi Pastor Olajide Omotayo Secretary Akinbola Oluwajinmi Independent examiners Tolu Obisesan New Bond Accountants 4a - 6a Hythe Street Dartford DA1 1BX Approved by the Board of Trustees and signed on its behalf by ............................................................................. 10 January 2022 Mrs Francesca Akinyemi

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UPPER ROOM FIRE CHRISTIAN CENTRE Independent Examiners Report to the Trustees

For the year ended 31 March 2021

I report to the trustees on my examination of the accounts of the charity for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiners statement

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 accounts do not accord with those records; or

  3. the accounts 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 accounts to be reached.

Tolu Obisesan New Bond Accountants 4a - 6a Hythe Street Dartford DA1 1BX

10 January 2022

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UPPER ROOM FIRE CHRISTIAN CENTRE Statement of Financial Activities For the year ended 31 March 2021

Notes
Income and endowments from:
Donations and legacies
2
Investments
3
Other income
4
Total
Expenditure on:
Charitable activities
5/6
Total
Net expenditure
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
66,535
6
10,635
77,176
)
(78,584
)
(78,584
)
(1,408
29,143
27,735		 2020
£
83,109
16
40,560
123,685
)
(127,577
)
(127,577
)
(3,892
33,035
29,143

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UPPER ROOM FIRE CHRISTIAN CENTRE Statement of Financial Position

As at 31 March 2021

Notes
Fixed assets
Tangible assets
12
Current assets
13
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
14
Net current assets
Total assets less current liabilities
Net assets
The funds of the charity
Unrestricted income funds
15
Total funds		 £
2021
5,465
5,465
10,980
17,298
28,278
)
(6,008
22,270
27,735
27,735
27,735
27,735		 £
2020
9,423
9,423
7,180
18,458
25,638
)
(5,918
19,720
29,143
29,143
29,143
29,143

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

Mrs Francesca Akinyemi Trustee

10 January 2022

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UPPER ROOM FIRE CHRISTIAN CENTRE Notes to the Financial Statements

For the year ended 31 March 2021

1. Accounting Policies

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘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)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.

UPPER ROOM FIRE CHRISTIAN CENTRE meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Going concern

At the time of approving the accounts, 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 accounts.

Funds

The church's principal source of funds is voluntary donations from members. These donations are of various categories:

All donations are made in accordance with the provisions in the Holy Bible.

Incoming resources

All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure

Charitable activites

Charitable activities are those costs relating to activities carried out to meet the objectives of the charity and include directly attributed costs as well as support costs.

Allocation and appointment of costs

Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

2. Income from donations and legacies

Unrestricted funds
Donations received		 2021
£
66,535
66,535		 2020
£
83,109
83,109

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UPPER ROOM FIRE CHRISTIAN CENTRE Notes to the Financial Statements Continued

For the year ended 31 March 2021

3. Investment income

Unrestricted funds
Bank interest receivable
4. Other income
Unrestricted funds
Other Income
5. Costs of charitable activities by fund type
Unrestricted funds
Charitable Activities
Support costs
6. Costs of charitable activities by activity type
Support costs
Activities
undertaken
directly
£
£
Support costs
Charitable Activities
51,001
27,583
7. Analysis of support costs
Charitable Activities
Management
Finance
Governance costs		 2021
£
6
6
2021
£
10,635
10,635
2021
£
27,583
51,001
78,584
2021
£
78,584
2021
£
48,827
-
2,174
51,001		 2020
£
16
16
2020
£
40,560
40,560
2020
£
39,492
88,085
127,577
2020
£
127,577
2020
£
84,612
1,727
1,746
88,085

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UPPER ROOM FIRE CHRISTIAN CENTRE Notes to the Financial Statements Continued

For the year ended 31 March 2021

8. Net income/(expenditure) for the year

This is stated after charging/(crediting):

This is stated after charging/(crediting):
2021 2020
£ £
Depreciation of owned fixed assets 3,958 7,284
Accountancy fees 2,174 1,746

9. Staff costs and emoluments

Total staff costs for the year ended 31 March 2021 were:

Salaries and wages
Employee		 2021
£
26,880
26,880
2021
1
1		 2020
£
26,880
26,880
2020
1
1

10. Trustee remuneration and related party transactions

During the year, a Trustee received remuneration totalling £26,880 for their employment as the residing pastor of the Church (2020: 26,880). The remuneration is not for their Trusteeship

During the year, JAMES OLADIMEJI received a loan totalling £1,000 from the Charity. (2021: £1,000) During the year, GLORIA OLADIMEJI received a loan totalling £1,500 from the Charity. (2021: £1,500)

11. Comparative for the Statement of Financial Activities

The comparative year values on the Statement of Financial Activites are for unrestricted funds.

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UPPER ROOM FIRE CHRISTIAN CENTRE Notes to the Financial Statements Continued

For the year ended 31 March 2021

12. Tangible fixed assets

Cost or valuation
At 01 April 2020
At 31 March 2021
Depreciation
At 01 April 2020
Charge for year
At 31 March 2021
Net book values
At 31 March 2021
At 31 March 2020		 Plant and
machinery
£
61,889
61,889
52,945
3,902
56,847
5,042
8,944		 Fixtures and
fittings
£
7,177
7,177
6,698
56
6,754
423
479		 Total
£
69,066
69,066
59,643
3,958
63,601
5,465
9,423

13. Debtors

Amounts due within one year:
Prepayments and accrued income
Other debtors
Creditors: amounts falling due within one year
Other creditors
Accruals and deferred income		 2021
£
3,380
7,600
10,980
2021
£
1,557
4,451
6,008		 2020
£
2,080
5,100
7,180
2020
£
1,557
4,361
5,918

14. Creditors: amounts falling due within one year

15. Movement in funds

Unrestricted Funds

General
General		 Balance at
01/04/2020
£
29,143
29,143		 Incoming
resources
£
77,176
77,176		 Outgoing
resources
£
)
(78,584
)
(78,584		 Balance at
31/03/2021
£
27,735
27,735

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UPPER ROOM FIRE CHRISTIAN CENTRE Notes to the Financial Statements Continued For the year ended 31 March 2021

Unrestricted Funds - Previous year

General
General		 Balance at
01/04/2019
£
33,035
33,035		 Incoming
resources
£
123,685
123,685		 Outgoing
resources
£
)
(127,577
)
(127,577		 Balance at
31/03/2020
£
29,143
29,143

Purpose of unrestricted Funds

General

Unrestricted funds are available for use at the discretion of the Committee in furtherance of their charitable objectives unless the funds have been designated for other purposes.

16. Analysis of net assets between funds

Unrestricted funds
General
General
Previous year
Unrestricted funds
General
General		 Tangible fixed
assets
Net current
assets /
(liabilities)
Net Assets
£
£
£
5,465
22,270
27,735
5,465
22,270
27,735
Tangible fixed
assets
Net current
assets /
(liabilities)
Net Assets
£
£
£
9,423
19,720
29,143
9,423
19,720
29,143

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UPPER ROOM FIRE CHRISTIAN CENTRE Detailed Statement of Financial Activities

For the year ended 31 March 2021

INCOME AND ENDOWMENT
Donations and legacies
Tithes, Offerings And Pledges
Gift Aid
Investments
Bank Interest Receivable
Other income
Other Income
Rental Income
Total incoming resources
EXPENDITURE
Charitable activities
Staff Costs - Wages & Salaries
Worship, Crusades & Evangelism
SUPPORT COSTS
Management
Depreciation - Owned Assets
Rent
Rates & Water
Insurance
Light & Heat
Postage & Telecommunications
Repairs & Renewals
Transport & Travelling
Bank Charges
Advertising & Publicity
Finance
Bank Charges
Governance costs
Accountancy Fees
Total resources expended
Net Expenditure		 £
2021
53,349
13,186
66,535
6
6
625
10,010
10,635
77,176
)
(26,880
)
(703
)
(27,583
)
(3,958
)
(22,773
)
(3,137
)
(5,124
)
(4,147
)
(1,951
)
(4,639
)
(1,230
)
(1,718
)
(150
)
(48,827
-
-
)
(2,174
)
(2,174
)
(78,584
)
(1,408		 £
2020
73,054
10,055
83,109
16
16
-
40,560
40,560
123,685
)
(26,880
)
(12,612
)
(39,492
)
(7,284
)
(43,825
)
(3,324
)
(5,830
)
(4,736
)
(2,127
)
(15,475
)
(1,765
-
)
(246
)
(84,612
)
(1,727
)
(1,727
)
(1,746
)
(1,746
)
(127,577
)
(3,892

11 of 11 Doc ID: 6cad9d84d47666eb17a7ca4514079aa492f82af1 This page does not form part of the statutory financial statements