Heavenly Class Ltd Trustees. Annual Report for the Year Ended 31 July 2024 Report of the trustees for the Year Ended 31 Juty 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 are also prepared to meet the requirements for a Directors, report and accounts for Companies Act purposes The financial statements compty with the Charities Act {Nl) 2022, Companies Act 2006. the Memorandum and Articles of Association. and Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS102} (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, Dery, BT48 7RR. The company is a registered Northern Ireland charity - reference NIC 102486. Directors and trustees The directors of the charitsble company (the Charity) are the trustees for the purposes of charity 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) Chairfs report During the year the chartty 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 promotion of the worship of God and the teachings of the Bible. The chanty's beneficiaries are available to everyone (from any religious denomination 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 hamiful. There are no private benefits flowing from the Charity purpose. The charity also forms 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 promotion of Bible study. The direct benefits which flow from this purpose include the promotion of the worship of God and the teachings of the B5ble. The beneficiaries are available to everyone (from any religious denomination or from no religious denomination). These benefits can be demonstrated from the feedback from people who attend the regular fellowships and classes. There is no harm flowing from this purpose. There is no prsvate benefft flOVng 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 {PBR1} We endeavour to encourage a wide range of people to take advantage of our expertise and promote all within our community to make use of our services. Page 1
Heavenly Class Ltd Trustees. Annual Report for the Year Ended 31 July 2024 Volunteers The Charity is very involved in the community and we rely on voluntary help. We are assisted by volunteers who help organise classes and fellov#ships. 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 donab'ons of £28,312 were received. Total costs for the year were £24,913. This left a cash surplus for the year of £3.399. At the year end the Charity had serveS of £6,816. The Trustees were pleased with the results for the year. All the reseeS at the year end were all unrestricted. Reserves pollcy and golng concem Reserves are needed to bridge the gap betrAeen the spending and receiving of income and to cover unplanned emergency costs Due to the nature of Charty the Trustees consider that it is not necessary to have any reserves as the chantable activits'es can be continued without any income. The Trustees have reviewed the circumstances of the Charty and consider that there are adequate funds for the foreseeable future. The directors are of the view that the Charity is a going concem. Plans for future periods We plan to continue to offer classes to advance and promote the worship of Gi)d. Statement of trustees, responsibilities The Charity Trustees (who are also the d1CtorS of Heavenly Class Ltd for the purposes of company lawl are responsible for preparing a Trustee's Annual Report and financial statements in accordance with applicable las and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practise). 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 chantable 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 principles in the Charities SORP: -make judgements that are reasonable and prudent". Page 2
Heaventy Class Ltd Trustees. Annual Report for the Year Ended 31 July 2024 Statement of trustees. responslbllities - 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 ststements on the going concem basis unless tt is inappropriate to presume that the organisation will conts-nue in business. The Trustees are responsible 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 detecb'on of fraud and other irregulanties. This report has been prepared in accordan wth the speaal provisions for small companies under part 15 of the Companies Acl 2006. This report was approved by the board on 17 September 2024 and signed on its behalf by Derniot Dorrian Chairperson Page 3