Company Registration Number . N1031953 Heavenly Class Ltd Financial Statements and Trustees. Report for the Year Ended 31 July 2024 Heaventy Class Ltd Company limited by guarantee Contents Page Legal and Administrab've Information Trustees, Report Independent Examiners Report Statement of Financial Activities for the Year Ended 31 July 2024 Balance Sheet as at 31 July 2024 Notes to the Accounts Heaventy Class Ltd Company limited by guarantee Legal and Administrative Inforn)ation Status . The organisation is a charitable company limited by guarantee. incorporated on 9 November 2001 and is recognised as a charity by the Inland Revenue The goveming document is a Memorandum and Articles of Associatson. Dlrectors . Mr Dermot Dorrian (Chairperson) Mrs Colette Dorrian Company Secretary . Mrs Colette Dorrian Accountsnts . Dohety & Co Accountants Ltd Chartered Certified Accountsnts The Amp Ebrington Square Derry BT47 6FA Main Bankers . Bank of Ireland Limited 15 Strand Road Derry BT48 7BT Registered Offlce . 15 Belmont Crescent Derry BT48 7RR Inland Revenue Charity Reference Number ". XR 19473 Company Number . N1031953 Charity Commission for Northem Ireland Number: NIC 102486 Page 1 Heaventy Class Ltd Trustees. Annual Report for the Year Ended 31 July 2024 Report of the trustees for the Year Ended 31 July 2024 The directors are pleased to present their annual report together with the financial statements of the Charity for the Year ended 31 July 2024 which afe also prepared to meet the requirements for a Directors, report and accounts for Companies Act purposes. The financial statements compty with the Charits'es Act (Nl) 2022, Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Chanties.. 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 {FRS102) (effective 1 January 2019.) The company is govemed by a Memorandum and Arb'cles of Association dated 1710211997. The company number is Nl 31953 and the registerd office is 15 Belmont Crescent. Derry. BT48 7RR. The company is registered Northem Ireland charty - reference NIC 102486. Directors and trustees The directors of the charitable company {the Charity) are the trustees for the purposes of chanty law. The trustees during the Year and at 31 July 2024 were as follows. Dermot Dorrian (Chairperson) Colette Dorrian Kevin Dorrian (Resigned 5 April 2024) Chaivs report During the year the charity has delivered courses, presented classes and run fellowships to teach people how to understand and apply the Bible and to promote the worship of God. Our purposes and activities The purposes of Heavenly Class Limited are to advance and promote the worship of God by the reading and study of the Bible and to run courses to help understand and apply the Bible. The direct benefits which flow from the advancement of religion include the promobon of the worship of God and the teachings of the Bible. The chartty's beneficiaries are available to everyone (from any religious denominats'on or from no religious denomination). These benefits are demonstrated from the feedback from people who attend the regular fellowships and classes. All purposes are beneficial and none are harmful_ There are no private benefits flowing from the Charity purpose. The charity also fonns fellowships in various locations for the purpose of Bible study, and to encourage, financially and otherwise, the provision of any form bureau, service. register or any other facility of specific interest andlor benefit to the promokn'on of Bible study. The direct benefits which flow from this purpose include the promotion of the worship of God and the teachings of the Bible. The beneficiaries are available to everyone (from any religious denomination or from no religious denomination) These benefits can be demonstrated from the feedback from peop￿ who attend the regular fel10v￿hlpS and classes. There is no hami flowing from this purpose. There is no private benefrt fl¢)wng from this purpose. In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission's guidance on public benefit requirement (PBR11. We endeavour to encourage a wde range of people to take advantage of our expertise and promote all within our community to make use of our services. Page 2 Heaventy Class Ltd Trustees, Annual Report for the Year Ended 31 July 2024 Volunteers The Charity is very involved in the community and we rety on voluntary help We are assisted by volunteers who help organise classes and fellowships. Achievements and perfomiance During the year the charity has delivered courses. presented classes and run fellowships to teach people how to understand and apply the Bible. Financial review During the year donations of £28,312 were received. Totsl costs for the year were £24,913. This left a cash surplus for the year of £3,399. At the year end the Charty had reserves of £6,816. The Trustees were pleased V￿th the results for the year. All the reserves at the year end were all unrestricted. Reserves policy and going concem Reserves a￿ needed to bridge the gap between the spending and receiving of income and to cover unplanned emergency costs. Due to the nature of Charity the Trustees consider that it is not necessary to have any reseNes as the charitable acb'vities can be contsnued without any Income. The Trustees have reviewed the circumstances of the Charity and consider that there are adequate funds for the foreseeable future The directors are of the view that the Chanty is a going concem. Plans for future periods We plan to continue to offer classes to advance and promote the worship of God. Statement of trustees, responsibilities The Charity Trustees (who are also the directors of Heavenly Class Ltd for the purposes of company law) are responsible for preparing a Trustee's Annual Report and financial ststements in accordance with applicable las and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practisel. Company law requires the Trustees to prepare financial statements for each financial Year which give a true and fair view of the state of affairs of the charitsble company and of the profit or loss of the company for that Year. In preparing these the Trustees are required to.. - select suitable accounting policies and apply them consistently", -obseNe the methods and pnnciples in the Charities SORP; -make judgements Ihat are reasonable and prudent., Page 3 Heavenly Class Ltd Trustees. Annual Report for the Year Ended 31 July 2024 Statement of trustees. responsibilities - continued -state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements.. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the organisation will continue in business. The Trustees are resFonsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006 They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevents'on and detection of fraud and other irregulanties. This report has been prepared in accordance with the special provisions for small companies under part 15 of the Companies Act 2006. This report was approved by the board on 17 September 2024 and s￿ned on its behalf by Demiot Dorrian Chairperson Page 4 Heavenly Class Ltd Company limited by guarantee Independent Examinerfs report to the Charity Trustees of Heavenly Class Ltd Year Ended 31 July 2024 We report solely the the Charity Trustees on our examination of the accounts for the year ended 31 July 2024. To the fullest extent permitted by law, we do not ac￿pt or assume responsibility to anyone other than Heavenly Class Ltd and its Trustees as a tody for our work or for this report. As a practising member of the Chartered Association Of Certified Accountants we are subject to its ethical and other professional requirements which are detailed at vMw.accaglobal.com. Respectlve responslbllltles ol charity trustees and examlner As the Charity Trustees land also the directors of the company for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 and the Charities Act INorthem Ireland) 2008 Having satisfied ourselves that the charity is not subject to an audit under company law, and is eligible ft)r independent examination, it is our responsibility to.. xamine the accounts under section 65 of the Charities Act. -follow the procedures laid down in general directions given by the Charity Commission for Northern Ireland under section 651gllbl of the Charities Act. -state whether particular matters have come to our attention. Basis of independent examiner's report We have examined your charity accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with the general directions given by the Charity Commission for Northern Ireland under section 6519){b) of the Charits'es Act. The examination included a review of the accounts'ng records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disck)sures in the accounts, and seeking explanations from you as charity trustees Conceming any such matters. Our role is to state whether any material matters have come to our attention giving us concern to believe- 1. that accounting records were not kept as ￿qUired by with section 386 of the Companies Act 2006 and section 63 of the Charities Act.. 2. that the accounts do not accord with those accounting records.. 3. that the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006, the Charities Act and wilh methods and principles of the Charities Statement of Recommended Practise applicable to charities prepanng their accounts in accordance with the Financial Reports'ng Standard applicable in the UK and Republic Of Ireland. 4. that there Is further informats.on needed for a proper understanding of the accounts to be reached Independent examiner's statement We have completed our examination and have no concems in respect of the matters {1) to {41 above and, in connection wrth following the directions of the Chanty Commission for Northern Ireland, we have found no matters that require drawing to your attention. Doherty o Accountants Ltd. Chartered Certified Accountants The Amp 11 Ebrington Square Derry BT47 6FA 17 September 2024 Page S Heavenly Class Ltd Company limited by guarantee Statement of Financial Activities (including income and expenditure account) for the Year Ended 31 July 2024 Unrestricted Restricted Funds Funds Totals 2024 Totals 2023 Note8 Income Donations & legacies 28,312 28,312 21,976 Total 28,312 28,312 21.976 Expendlture Charitsble activities 24,913 24,913 20,526 Total Net income 3,399 3,399 1,450 Net movement In funds 3,399 3,399 1,450 Reconciliation of funds Total funds brought foward at 1 August 2023 3,417 3,417 1,967 Total funds carried forward at 31 July 2024 6,816 6,816 3,417 The ststement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities Page 6 Heaventy Class Ltd Company limited by guarantee Balance Sheet as at 31 July 2024 Unrestricted Restricted Funds Funds Totals 2024 Totals 2023 Notes Fixed Assets Tangible Assets Current Assets Stocks Cash at bank and in hand Total current assets 235 9,152 9.387 235 9,152 9.387 235 5,156 5,391 Credltorn: amounts falling due within one year (2,571) (2.5711 11,974) Net current assets 6,816 6,816 3,417 Total assets less current liabilities 6.816 6.816 3,417 Creditors: amounts falling due after one year Net assets 6.816 6,816 3,417 The Funds of the Cha Funds 6,816 6,816 3,417 For the Year ended 31 July 2024 Ihe company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors responsibilits'es: The members have not required the company to obtain an audit of Its financial statements for the Year in question in accordan￿ with section 476; The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'_ Page 7 Heaventy Class Ltd Company limited by guarantee These financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024, and are signed on behalf of the Board by, Mr Demiot Dorrian Director Company Registration Number . N1031953 Page 8 Heavenly Class Ltd Company limited by guarantee Notes to the financial statements Year ended 31 Juty 2024 General inforniation The Chanty is a private company limited by guarantee, registered in Northern Ireland. The address of the registered Off￿ is 15 Belmont Crescent, Dery, BT48 7RR. Accountlng pollcles Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by CharFties'. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wrth the Financial Reporting Standard applicab￿ in the UK and Republic of Ireland {FRS 102) leffectNe 1 January 2019) - (Charities SORP (FRS 10211. the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Heavenly Class Ltd meets the definition of a Publ￿ benefit entity under FRS 102. Assets and liabilities are initially recognised at historul cost or transaction value unless otheN4ise stated in the relevant accounting policy notels). Turnover Turnover represents the total value of other income arising from operating activities during the year. Taxation During the curent year the company has only been involved in charrtable activities in furtherance of its chantable objects and is not liable to Income Tax or Corporation Tax. Financial instruments A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price. unless the arrangement constitutes a financing transaction. where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Llmited by guarantee Heavenly Class Ltd is a registered charity limited by guarantee without a share capitsl. Charity Number". XR 19473 Charity Commission of Nl Number.. NIC 102486 Page 9 Heaventy Class Ltd Company limited by guarantee Notes to the financial ststements (continued) Year ended 31 Juty 2024 Expenditure Unrestricted Restricted Funds Funds Tota 2024 Totals 2023 Expenditure on charitable activities Charitsble donations Royalties paid Telephone Function costs Accountancy fees Bank charges General expenses Total 18.500 3.989 175 682 1.256 18,500 3,989 175 682 1,256 168 143 24.913 16,000 3,056 168 1,140 149 13 143 24,913 Staff costs There were no persons employed by the charity during this Year or the previous year. No remunerats'on was paid and no expenses were reimbursed to the trustees during the year. The trustees are the key management personnel of the charity. Page 10 Heaventy Class Ltd Company limited by guarantee Notes to the financial statements (continued) Year ended 31 Juty 2024 Analysis of charitable funds Analysis of movements in unrestrlcted funds Balance at IncomingResources 1 August 2023 Resources Expended Transfers Funds at 31 July 2024 General Fund 3.417 28.312 (24,913) 6,816 3,417 28,312 124,913) 6.816 Name of unrestrfcted fund Description of the Fund General Funds Funds which the Charity is able to apply freety in pursuit of its own chantable objectives and related purposes. Analysi8 of movements in restricted funds Balance at IncomingResources 1 August 2023 Resources Expended Transfers Funds at 31 July 2024 Restricted Fund Name of restricted fund Restricted Fund Description of the Fund Funds which the Chanty applies for particular purposes and projects in pursuit of its charitable objectives. Analysis of net assets between funds General Restricted Fund Fund 235 9,152 {2.571) Total 235 9,152 (2,571) Stock Cash at bank and in hand Creditors Total 6,816 6,816 Page 11