UPPER ROOM CHRISTIAN FELLOWSHIP REPORT OF THE DIACONATE 2023-2024 The Fellowship continues to have regular meetings on Sunday mornings and evenings with prayer and bible studies midweek. We have completed our study of the Acts of the Apostles and we have started to study the Epistle of James. The prayer meetings have been wonderfully blessed and we have seen many answers that only the miracle working power of God could accomplish. Support for the charities continues and we are pleased to report that the work they are doing is greatly needed. The Philippine Outreach Centre Ministries are constantly developing and increasing the ministerial help they give to the children and indeed to any that call upon them for their support. It is a privilege that we are able to support the work they do in prayer and financially. We continue to pray for revival. ## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** **FOR** **UPPER ROOM CHRISTIAN FELLOWSHIP** **UPPER ROOM CHRISTIAN FELLOWSHIP** **CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2024** ||**Page**| |---|---| |**General Information**|1| |**Accountants' Report and Client Approval Certificate**|2| |**Detailed Profit and Loss Account**|3| |**Balance Sheet**|4| |**Notes to the Financial Statements**|5| **UPPER ROOM CHRISTIAN FELLOWSHIP** **GENERAL INFORMATION for the Year Ended 31 March 2024** |**PROPRIETOR:**|L S Hailes| |---|---| |**ADDRESS:**|c/o Mr J Gothard| ||28 Braemar Drive| ||Sale| ||Cheshire| ||M33 4NJ| |**ACCOUNTANTS:**|Xeinadin| ||100 Barbirolli Square| ||Manchester| ||M2 3BD| Page 1 **FINANCIAL STATEMENTS** **for the Year Ended 31 March 2024** ## **ACCOUNTANTS' REPORT TO** ## **UPPER ROOM CHRISTIAN FELLOWSHIP** In accordance with our terms of engagement we have prepared for your approval the financial statements from the accounting records and from information and explanations you have given us. This report is made solely to you, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to you in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than you for our work or for this report. You have approved the financial statements and have acknowledged your responsibility for them, for the appropriateness of the financial reporting framework adopted and for providing all information and explanations necessary for their compilation. We have not verified the accuracy or completeness of the accounting records or information and explanations you have given us and we do not, therefore, express any opinion on the financial statements. Xeinadin 100 Barbirolli Square Manchester M2 3BD Date: ............................................. ## **CLIENT APPROVAL CERTIFICATE** I approve the financial statements and confirm that I have made available all relevant records and information for their preparation. .................................................................. L S Hailes Date: ............................................. Page 2 **UPPER ROOM CHRISTIAN FELLOWSHIP** ## **DETAILED PROFIT AND LOSS ACCOUNT for the Year Ended 31 March 2024** **----- Start of picture text -----**
2024 2023
£ £ £ £
Income
Donations & Gift aid 35,492 22,691
Other income 26,953 35,145
62,445 57,836
Expenditure
Ministries 17,272 26,140
Gifts 2,850 2,290
Property insurance 5,142 4,456
Light and heat 25,768 10,610
Printing and stationery 62 88
Implement repairs 4,766 5,862
Motor expenses 1,006 2,215
Sundry expenses 1,943 1,571
Accountancy 1,452 1,260
Legal fees - 400
Entertainment 2,045 -
62,306 54,892
139 2,944
Finance costs
Credit card 70 111
69 2,833
Depreciation
Plant and machinery 358 421
NET (LOSS)/PROFIT (289) 2,412
**----- End of picture text -----**
Page 3 **UPPER ROOM CHRISTIAN FELLOWSHIP** ## **BALANCE SHEET 31 March 2024** **----- Start of picture text -----**
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 2 238,227 238,585
CURRENT ASSETS
Trade debtors 7,069 5,759
Bank account no. 1 105,662 106,702
112,731 112,461
CURRENT LIABILITIES
Trade creditors 854 -
Accrued expenses 1,452 2,105
2,306 2,105
110,425 110,356
NET ASSETS 348,652 348,941
FINANCED BY
CAPITAL ACCOUNT 3 348,652 348,941
**----- End of picture text -----**
Page 4 **UPPER ROOM CHRISTIAN FELLOWSHIP** **NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2024** ## 1. **ACCOUNTING POLICIES** ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Plant and Machinery - 15% Reducing Balance At each balance sheet date, the Company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately. ## 2. **TANGIBLE FIXED ASSETS** ## 3. |**COST**
At 1 April 2023
and 31 March 2024
**DEPRECIATION**
At 1 April 2023
Charge for year
At 31 March 2024
**NET BOOK VALUE**
At 31 March 2024
At 31 March 2023
**CAPITAL ACCOUNT**
Brought forward
Add
Net profit
Less
Net loss|2024
£
348,941
-
348,941
289|Freehold
property
£
236,200
-
-
-
236,200
236,200
£
348,652
348,652|Plant and
machinery
£
46,212
43,827
358
44,185
2,027
2,385
2023
£
346,529
2,412
348,941
-|Totals
£
282,412
43,827
358
44,185
238,227
238,585
£
348,941
348,941| |---|---|---|---|---| Page 5 ## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** **FOR** **UPPER ROOM CHRISTIAN FELLOWSHIP** **UPPER ROOM CHRISTIAN FELLOWSHIP** **CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2024** ||**Page**| |---|---| |**General Information**|1| |**Accountants' Report and Client Approval Certificate**|2| |**Detailed Profit and Loss Account**|3| |**Balance Sheet**|4| |**Notes to the Financial Statements**|5| **UPPER ROOM CHRISTIAN FELLOWSHIP** **GENERAL INFORMATION for the Year Ended 31 March 2024** |**PROPRIETOR:**|L S Hailes| |---|---| |**ADDRESS:**|c/o Mr J Gothard| ||28 Braemar Drive| ||Sale| ||Cheshire| ||M33 4NJ| |**ACCOUNTANTS:**|Xeinadin| ||100 Barbirolli Square| ||Manchester| ||M2 3BD| Page 1 **FINANCIAL STATEMENTS** **for the Year Ended 31 March 2024** ## **ACCOUNTANTS' REPORT TO** ## **UPPER ROOM CHRISTIAN FELLOWSHIP** In accordance with our terms of engagement we have prepared for your approval the financial statements from the accounting records and from information and explanations you have given us. This report is made solely to you, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to you in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than you for our work or for this report. You have approved the financial statements and have acknowledged your responsibility for them, for the appropriateness of the financial reporting framework adopted and for providing all information and explanations necessary for their compilation. We have not verified the accuracy or completeness of the accounting records or information and explanations you have given us and we do not, therefore, express any opinion on the financial statements. Xeinadin 100 Barbirolli Square Manchester M2 3BD Date: ............................................. ## **CLIENT APPROVAL CERTIFICATE** I approve the financial statements and confirm that I have made available all relevant records and information for their preparation. .................................................................. L S Hailes Date: ............................................. Page 2 **UPPER ROOM CHRISTIAN FELLOWSHIP** ## **DETAILED PROFIT AND LOSS ACCOUNT for the Year Ended 31 March 2024** **----- Start of picture text -----**
2024 2023
£ £ £ £
Income
Donations & Gift aid 35,492 22,691
Other income 26,953 35,145
62,445 57,836
Expenditure
Ministries 17,272 26,140
Gifts 2,850 2,290
Property insurance 5,142 4,456
Light and heat 25,768 10,610
Printing and stationery 62 88
Implement repairs 4,766 5,862
Motor expenses 1,006 2,215
Sundry expenses 1,943 1,571
Accountancy 1,452 1,260
Legal fees - 400
Entertainment 2,045 -
62,306 54,892
139 2,944
Finance costs
Credit card 70 111
69 2,833
Depreciation
Plant and machinery 358 421
NET (LOSS)/PROFIT (289) 2,412
**----- End of picture text -----**
Page 3 **UPPER ROOM CHRISTIAN FELLOWSHIP** ## **BALANCE SHEET 31 March 2024** **----- Start of picture text -----**
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 2 238,227 238,585
CURRENT ASSETS
Trade debtors 7,069 5,759
Bank account no. 1 105,662 106,702
112,731 112,461
CURRENT LIABILITIES
Trade creditors 854 -
Accrued expenses 1,452 2,105
2,306 2,105
110,425 110,356
NET ASSETS 348,652 348,941
FINANCED BY
CAPITAL ACCOUNT 3 348,652 348,941
**----- End of picture text -----**
Page 4 **UPPER ROOM CHRISTIAN FELLOWSHIP** **NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2024** ## 1. **ACCOUNTING POLICIES** ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Plant and Machinery - 15% Reducing Balance At each balance sheet date, the Company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately. ## 2. **TANGIBLE FIXED ASSETS** ## 3. |**COST**
At 1 April 2023
and 31 March 2024
**DEPRECIATION**
At 1 April 2023
Charge for year
At 31 March 2024
**NET BOOK VALUE**
At 31 March 2024
At 31 March 2023
**CAPITAL ACCOUNT**
Brought forward
Add
Net profit
Less
Net loss|2024
£
348,941
-
348,941
289|Freehold
property
£
236,200
-
-
-
236,200
236,200
£
348,652
348,652|Plant and
machinery
£
46,212
43,827
358
44,185
2,027
2,385
2023
£
346,529
2,412
348,941
-|Totals
£
282,412
43,827
358
44,185
238,227
238,585
£
348,941
348,941| |---|---|---|---|---| Page 5