# UPPER ROOM FIRE CHRISTIAN CENTRE CHARITY No. 1134967 TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 UPPER ROOM FIRE CHRISTIAN CENTRE CONTENTS Pages Administrative Information Trustees Report Independent Examiners. Report Statement of Financial Activities Statement of Financial Position Notes to the Accounts ## UPPER ROOM FIRE CHRISTIAN CENTRE ## Administrative Information for the year ended 31 st March 2025 Trustees: Pastor Olajide Omotayo Chairperson Akinbola Oluwajinmi Secretary Pastor James Oladimeji Mrs Gloria Oladimeji Mrs Francesca Akinyemi Charity Registered Number: 1134967 Registered Office: 6 Whernside Close London SE28 8HB Independent Examiner: Enochs Financial Services Ltd 15 St Joseph's Close London W10 5GL Banker: HSBC 2 ## UPPER ROOM FIRE CHRISTIAN CENTRE ## Trustees Report for the year ended 31st March 2025 The Trustees of the Upper Room Fire Christain Centre present their report and financial statements for the year ended 31st March 2025. The trustees have adopted the provision of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) ) (effective 1 January 2019). ## Charity Details A list of names and addresses of the charity's principal officers and bankers is set out on page 2. ## Objectives and Activities The charitys' principal activity are for the benefit of the public:- - 1) The advancement of the Christain religion through worship and prayer to God 2) To promote the work of the Church within the community and assisting those in need 3) To demonstrate care & love to the vulnerable & less privilege The Charity continues in its public benefit responsibilities by encouraging people to join the church freely for spiritual worship and engage in a number of social functions. The Charity has been committed in its effort of advancing the objectives of the Church in general and in providing welfare for members and the wider community who are facing hardship. ## Organisation Upper Room Fire christian Centre trustees who were elected to serve the church and run its affairs. Annually the Board reviews the range of skills available and uses its power of co-option to ensure the gaps are filled. ## Risk and Internal Control The Trustees review the main operational risks and actions to manage or mitigate it accordingly. The Board of Trustees has reviewed the effectiveness of the system of internal control. In particular, it has reviewed and updated the process for identifying and evaluating the major risks affecting the business and the policies procedures by which these risks are managed. ## Review of Transactions and Financial Position ## Income Resources The total income of the organisation for the year has been derived from its principal activities wholly undertaken in the United Kingdom. During the year, income resources and gift received totalled £149,951. The donations and gift received have been made available without restriction as to its useage. While the total expenditure for the year was £149,590. The balance on the charity's fund are unrestricted. These will be used to fund the charity's objectives during the next financial year. The trustees confirmed that the charity's assets are available and adequate to enable the charity fulfil its obligations. ## Reserve Policy It is the URFCC policy to transfer on a monthly basis the sum of £500 from the unrestricted income resources to a restricted 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 fund. 3 ## UPPER ROOM FIRE CHRISTIAN CENTRE ## Trustees Report for the year ended 31st March 2025 ## Statements of the Trustees’ Responsibilities Law applicable to charities in England and Wales requires the trustees to prepare financial staternents for each financial year which give true and fair view of the chanty’s financial activities during the year and of its financial position at the end of the year in preparing those financial statements, the trustees are requuired to, - a) Select suitable accounting policies and apply them consistently, - b) Make judgement and estimates that are responsible and prudent - c) State whether applicable accounting standards and statements of recommended practice have been followed, subject to many departures disclosed and explained in the financial statemen! - d) Prepare the financial staternents on a going concem basis unless it is inappropraite to presume that the Charity will continue on that basis The Trustees are responsible for ensuring that proper books are maintaned. for safe guiding the assets of the charity, and taking reasonable steps for the prevention and detection of fraud and other Irregularities. The board has reviewed the effectivesness of the system of internal control and there are no material weaknesses that would resulted in losses. contigencies and uncertainties that require a separate disclosure in these accounts This report is prepared in accordance with the special provision of Part 15 of the Companies Act 2006 relating to smal! companies Approved by order of the Board of Trustees on 29 June 2025 and signed On Behalf of The Board Olle petaeex. Mrs Francesca Akinyemi Pastor Olajide Omotayo Trustee Trustee 4 ## UPPER ROOM FIRE CHRISTIAN CENTRE ## Report of the Independent Examiner to the trustees on the accounts of the Charity for the year ended 31 March 2025 | report on the financial statements of the Charity on which have been prepared in accordance with the Charities Act 1993 and with the Financial Reporting Standard for Smaller Entities (FRSSE) effective April 2008, as modified by the statement of Recommended Practice for Accounting and Reporting issued by the Charity Commission for England & Wales, effective April 2005 as modified in June 2008. (The SORP), under the historic cost convention and the accounting policies set out on pages 7 to 11. ## Respective Responsibilities of Trustees and Examiner The Charity's trustees are responsible for the preparation of the financial statements. The trustees have acknowledged there responsibilities as stated on page 2 of the financial statement and has taken advantage of the exemption applicable to small companies. The trustees are satisfied that the audit requirement of Section 42(2) of the Charities Act 1993 does not apply and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to section 476 of the Companies Act 2006, and that there is no requirement in the governing document or constitution of the Charity for the conducting of an audit. As a consequence, the trustees have elected that the financial statements be subject to independent examination. Having satisfied myself that the charity is not subject to audit under company law, or otherwise, and is eligible for independent examination, it is my responsibility to:- a) examine the accounts under Section 145 of the 2011 Act; b) to follow the procedures laid down in the General Directions given by the Charity Commission under Section 145(5)(b) of the Act; c) to state whether particular matters have come to my attention. ## Basis of Opinion and Scope of Work Undertaken | conducted my examination in accordance with the General Directions given by Charity Commissioners for England & Wales setting out the duties of an independent examiner. It is my responsibility to form an independent opinion as to the charity entitlement to the exemption claimed by the trustee. | have carried out the procedure we considered necessary to confirm whether or not the charity is entitled to the exemptions. | have compared the accounts with accounting records kept by the charity and making such limited enquiries of the trustees of the charity, which | considered necessary for the purpose of this report. These procedures provided only the assurance expressed by me to the trustees and members of the committee. independent Examiner's Statement, Report and Opinion Subject to the limitations upon the scope of my work as detailed above, in connection with my examination, | can confirm that; 1) In accordance with Regulation 31 of the Charity (Accounts and Report) Regulations 2008, the accounts of this charity are not required to be audited under section 477 of the Companies Act 2006 5 UPPER ROOM FIRE CHRISTIAN CENTRE 2) This report in respect of an examination carried out under section 43 of the Charities 1993 and in accordance with any directions given by the Commission under sub-section (7)(b) of that section which are applicable. {1} the accounting records are kept in a￿OrdanCe with section 386 of the Companies Act 2006 {ii) the financial statements were prepared in accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2006 and., (iiil the financial statements were prepared in accordance with the methods and principles set out in the statement of Recommended Pracknce - Accounting and Reporting by Charities. Wale Ali ola Enoch's Financial servI￿s Ltd 15 St Joseph's Close London W10 5GL UPPER ROOM FIRE CHRISTIAN CENTRE STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 March 2025 Unrestricted funds 2025 2024 Notes Income Resources Donations and Legacies 127,981 93,841 Investiments Other Income 288 21,682 125 13,184 Total Income Resources 149 951 107,150 Resources Expended Cost of activities in furtherrances of Charitable Activities Management & Administration of charity Governance Cost Finance Cost Total Resources Expended 58,550 85.525 2.665 2,850 149,590 31,356 71,450 2,339 1,525 106,670 Net Income {Outgoing} Resources Net Movement in Funds Cash Funds BIF Adjustment 361 480 17.688 17,208 Total Funds Carried Forward UPPER ROOM FIRE CHRISTIAN CENTRE Charity No. 1134967 STATEMENT OF FINANCIAL POSITION AS AT 31ST MARCH 2025 Unreslricled 2025 2024 Notes Assats Retained lor Cliarily's own use Tangible A5seiJ 8.843 7.998 Cash Funds Debtor> LasnlBank NET CURRFNT ASSETS 2.975 11.494 14469 2556 12 312 14 868 TOTAL ASSETS 23,312 22.866 L labllllle6 '7',odnl lialling due more than c￿e yeai 5263 5,178 TOTAL NET ASSETS Charity Fund5 IlnrÉ-%.:ricted nJfiils:ial F,,ncs 81F N'ai Ii.'.ov?ie lo,. I,.:" Year AdiuslrTienl TOTAL FUNDS 17 ?08 a8Q SwJneO on behalf of all truslees Mrs francesca Akinyemi jTrustee) Signature Dale 211(: Pasior Olajide Omotayo {Trusleei SH]nature gco a Date UPPER ROOM FIRE CHRISTIAN CENTRE NOTES TO THE ACCOUNTS Notes to the Accounts for the year ended 31st March 2025 Accounting Policies Basis of Preparation The accounts have been prepared in accordance with the Statement of Recotnmended Practice 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) (effective 1 January 2019) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. Incoming Resources All incoming resources are included on the Statement of Financial Activities when the the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy Donations and other incoming resources are recorded when they arereceivable. Resources Expended All expenditures are accounted for on accrual basis and have been classified under headings that aggregate all costs related to the category. The charity expenditures represents the amount expended by the church in the current reporting peri￿ ended 31 st March 2025 Charitable Activities". Costs of charitable activities are those costs relating to the activities carried out to meet the objectives of the Church. These include both directly attributable costs and apportioned support costs. Governance Costs: Governance costs are the costs associated with the strategic direction of the organisation and with meeting regulatory responsibilities including apportioned support cost. Taxation As a charity, the charitable funds are exempt from corporation tax but not from VAT. Tangible Fixed Assets: Depreciation has been provided at the following rates on a reducing balance methods. Plant and Machinery Fittings and Fixtures 10/ti 100/0 Voluntary Income 2025 2024 Unrestricted Donations Received Restricted Income Received Total Incoming Resources 127,981 21,970 149 951 87,841 19,309 107 150 UPPER ROOM FIRE CHRISTIAN CENTRE NOTES TO THE ACCOUNTS (CONTINUED) for the year ended 31 st March 2025 Fixed assets Plant & Machinery Fittings & Fixture Total Cost As At 1 April 2024 Addition During the Year Disposallwritten off At 31 March 2025 70.189 2,500 12,527 2,245 82,716 4,745 72.689 14,772 87,461 Depreciation As At 1 April 2024 Charge for the year Disposavwritten off At 31 March 2025 65769 2,750 8949 1,150 74,718 3,900 68,519 10,099 78,618 Net Book Value At 31 March 2025 At 31 March 2024 All fixed assets are used for direct charitable purposes. Creditors Amount falling due within one year 2025 2024 Other Creditors: Accountancy fees Other Creditors- Rent 1.750 3,513 1,665 3,513 Unrestricted Funds 2025 2024 Unrestricted Funds brought forward Unrestricted Funds for the year Adjustment As at 31st March 2025 131st March 2024 17,688 361 17,208 480 10 UPPER ROOM FIRE CHRISTIAN CENTRE NOTES TO THE ACCOUNTS (CONTINUED) for the year ended 31st March 2025 Detailed Income and Expenditure Account for the year to 31st March 2025 2025 2024 6.1 Income Resources Incoming from offering. tithes, building & other Investments Gift Aid Total Incoming Resources 127,981 288 21.682 149 951 93,841 125 13,184 107150 Resources Expended 6.2 Costs of activities in furtherance of the charities objects: Staff Cost - Salaries and Wages Evangelism and Spiritual Events Donations 28,776 27,586 2,188 26,880 4,476 6.3 Managemant and Administratlve of chaflty: Depreciation Rent Rates & Water Insurance Light & Heating Entertainment Postage & Telecommunications Repairs and Renewals Advertising & Publicity Transport & Travelling 3,900 45,426 3,885 4,025 17,126 1,220 2,446 1,885 550 5,062 4,035 45,546 3,350 4,250 10,245 1,875 1,020 425 6.4 Governance Costs Professional Fees 2.339 6.5 Finance Bank Charges 2.850 Total Resources Expended 149,590 106,670 Net Expenditure £361 £480