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: - worship God continually - pray to God without ceasing - learn about the gospel - develop their knowledge & trust in God - reach out to other people to preach the gospel - demonstrate care & love to the vulnerable & less privilege. ## **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: - Sunday services (8.30 am to 1.00 pm) : Worship & Prayers - Monday / Wednesday services ( 6.30 pm to 9.00 pm): Miracle Service for healing & stubborn problem solution. - Monday to Thursday services (11.00 am to 2.00 pm): Healing & Deliverance Hour - Friday nights (11.00 pm to 4.00 am): Night of Fire There are also other services or programmes held monthly: - 2nd Saturday of every month ( 3.00pm to 5.00 pm): singles / youth fellowship. 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 1 of 11 Doc ID: 6cad9d84d47666eb17a7ca4514079aa492f82af1 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 2 of 11 Doc ID: 6cad9d84d47666eb17a7ca4514079aa492f82af1 ## 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 3 of 11 Doc ID: 6cad9d84d47666eb17a7ca4514079aa492f82af1 ## 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**| |---|---|---| 4 of 11 Doc ID: 6cad9d84d47666eb17a7ca4514079aa492f82af1 ## 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 5 of 11 Doc ID: 6cad9d84d47666eb17a7ca4514079aa492f82af1 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: - Offering during services - Tithes during services. - Others. 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**| |---|---|---| 6 of 11 Doc ID: 6cad9d84d47666eb17a7ca4514079aa492f82af1 ## 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**| |---|---|---| 7 of 11 Doc ID: 6cad9d84d47666eb17a7ca4514079aa492f82af1 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. 8 of 11 Doc ID: 6cad9d84d47666eb17a7ca4514079aa492f82af1 ## 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**| |---|---|---|---|---| 9 of 11 Doc ID: 6cad9d84d47666eb17a7ca4514079aa492f82af1 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**| |---|---| 10 of 11 Doc ID: 6cad9d84d47666eb17a7ca4514079aa492f82af1 ## 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