Charty Commission for Northern Ireland registration number- 102813 Accepted as a Charity by HM Revenue & Customs ieference- XT3289 The Upper Room Cross Community Victory Church Registered Charity Trustees. report and flnanclal statements for the year ended 31 March 2023
The Upper Room Cross Community Victory Church Registered Charity For the year ended 31 March 2023 Contents Page Charity Information Trustees, Report Independent Examiners, Report to the Trustees of The Upper Room Cross Community Victory Church on the Unaudited Financial Statements Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7-10
The Upper Room Cross Community Victory Church Registered Charity For the year ended 31 March 2023 Char Infonnation Trustees Rosemary Creelman Peter Creelman Timothy Creelman Mark Creelman (Resigned 01 April 2023) Elizabeth Kennedy (Deceased 05 June 2023> John Parkhill (Resigned 01 April 2022) Keith Creelman (Appointed 01 April 2023) Charity Commission Northem Ireland Registered Number 102813 Registered address 53 Broomhill Park Coleraine County Londonderry BT51 3AN Independent Examiner David Mcmullan & Co Ltd Chartered Accountants 1 Baltykenver Road Stranocum Ballymoney Co. Antrim BT53 8PZ Operational Address Unit 7, Sandel Village Centre Knocklynn Road Coleraine Co. Londonderry BT52 1WW Bankers Ulster Bank 30 The Diamond Colerai ne Co. Londonderry BT52 1 DP
The Upper Room Cross Community Victory Church Registered Charity For the year ended 31 March 2023 Trustees. report The Trustees present Iheir annual report together with the financ4al statements and independent accountants, r8POrt of the charity for the year 8nd8d 31 March 2023. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with current statutory requirements, "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)° (as amended for accounting periods commenGing 1 January 2016). Legal Structure The Upper Room Cross Community Victory Church is a registered charty in Northern Ireland (Charity Registration No. 102813). The charity is an unincorporated charity. Purpose The Upper Room provides a setting for worship and holds services on a weekly basis to accommodate such. o provides social and outreach opportunities for bringing p8opI8 together from outside th8 immediat8, local church membership. o provides a cross-community youth club targeting children of primary school age. It facilitates, in collaboration with other church bodies in the local area, proj&cts geared towards reaching out to the vulnerable and needy. Public Benefit The benefits from this purpose include the provision of a central location for corporate Christian worship and sharing of the Word of God. People will have an opportunity to exercise their right to engage in public worship. The benefits will also promote reduced stress and worry, balance and healthy relationships as these Biblical principles are applied. The benefits from this purpose also include improved understanding of the Bible and how to apply the Godly andlor moral teaching contained therein to one's everyday life. These benefits are demonstrated through feedback from church members and via visitors to our Facebook page. This purpose does not lead to harm. The beneficiaries are people living in Northern Ireland, particularly those living in the Coleraine area. The people targeted transcend age groups or social class. A private benefit exists to our Senior Pastor who would receive remuneration for his services to leading the church. These benefits are incidental and necessary. Achievements and Performance Total incoming resources amounted to £19,661 (2022 - £26,346) and after deducting total resources expended of £20,084 (2022 - £18,796), net outgoing resources amounted to £423 (2022 net incoming resources - £7,550). At the year-end unrestricted funds amounted to £52,036 (2022- £45,486). All resources received and expended are treated as unrestricted funds, unless otherwise stated. Governance and Management The Trustees of the charity have the responsibility for the Opera'onal deliverance of the charity's activities and achievement of the objectives. The Trustees who seNed during the year are as stated below". Rosemary Creelman Peter Creelman Timothy Creelman Mark Creelrnan Elizabeth Kennedy John Parkhill Trustees are elect8d in accordance with the Charity's governing document. The Trustees have assessed major risks to which the charity is exposed, in particular those related to the OP8rations and finances, and are satisfied that systems are in place to mitigate exposure.
The Upper Room Cross Communlty Victory Church Registered Chartty Forthe year endèd 31 March 2023 The Trustees. re ort Cont'd Statement of Trusteès. Responsibilities The Trustees are responsible for pr&paring the Tru8tees' Annual Report and the flnancial statements in acGordance wtth applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practic&). The law appllcable to charities in Northern Ireland r&quires thatthe Trustees prepare financial statements for each financial yearwhich give 8 true and fairview oflhe affairs oftha charity and th8 incoming resources and application of the resources, including the net income or exp6nditure, of the charity for the year. In preparing these financial statem8nts, the Trustees are required to.. select sultable accountlng policies and then apply them consistently. observe the methods and principles in the Charities SORP make judgements and estimates that are reasonable and prudent., state whether applicablè UK Accountlng Standards have been followed, subject to any material d8partur8S dlsclosed and explained in the financial statem8nts', Prepare the financial statements on a golng conc8rn basis unless it is inappropriate to presume that the charity will contin u8 in operation. Th8 Trusteas are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the fin8ncl81 posltion of the charity and which enable them to ensurè that the financl81 statements comply with applicable law and United Kingdom Accounting Standards. They are also responsible for safeguardlng the assets of the charity and henGe for taklng reasonable steps for the prevention and detectlon of fraud and other Irregularltles. Thls report was approved by the Trustees at the meeting on December 2023 and slgned on fts behalf by Trustea Truste&
The Upper Room Cross Community Victory Church Registered Charity For the year ended 31 March 2023 Inde endent Examiner's Report to the Truslees of The U er Room Cross Community Victory Church We report on the financial statements of the charity for the year ended 315t March 2023, which comprise the Statement of Financial Activities, Balance Sheet and related notes, set out on pages 5 to 10. The financial reporting framework that has been applied in their preparation is the '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)" (as amended for accounting periods commencing 1 January 2016). Respective responsibilities of trustees and independent examiner The charity's Trustees are responsible for the preparation of the financial statements in accordance with section 63 of the Charities Act (Northern Ireland) 2008. The charity's Trustees consider that an audit is not required for this year under section 65 of the Charities Act (Northern Ireland) 2013 and that an independent exanNnation is needed. It is our responsibility to: examine the accounts under section 65 of the 2013 Act; to follow the procedures laid down in the general Directions given by the Charity Commission under section 65(9)(b) of the Charits'es Act; and state whether particular matters have come to our attention Basis of independent examiner's report Our examination was carried out in accordance with the general directions given by the Charity Commission for Northern Ireland under section 65{9)(b). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequentty no opinion is given as to whether the accounts present a 'true and fair, view, and the report is limited to those matters s8t out in the independent examiner's statement below. My role is to state whether any material matters have come to my attention giving me cause to believe: 1. That accounting records were not kept In accordance with section 63 of the Charities Act 2. That the financial statements do not accord wilh those accounting records 3. That the financial statements do not comply with the accounting requirements of the Charities Act 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent Examiner's statement I have completed my examination and hav8 no concerns in respect of the matters (1) to (4) listed above and in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. David Mcmullan & Co Ltd Chartered Accountants S December 2023 Kenver House 1 Ballykenver Road Stianocum Ballymoney Co. Antrim BT53 8PZ
The Upper Room Cross Community Victory Church Registered Charity For the year ended 31 March 2023 Statement of Financial Activities 2023 2022 Notes Unrestricted Restricted Total Total Incomin resources Incoming resources from charitable activities 19,661 19,661 26,346 Totsl incoming resources 19,661 26,346 Resources ex ended Direct chatitable expenses 19,099 19,099 18,045 Operational and administrative expenses 985 985 751 Total resources expended 20,084 20,084 18,796 Net {outgoing)l incoming resources for the year being net movement in funds Funds brought foDNard 1423) 1423) 7,550 53,036 53,036 45,486 Funds carried forward 53,036 All income and expenditure derive from conkn'nuing activities. There were no recognised gains or losses other than those included above. The notes on pages 7 to 10 form part of the financial statements
The Upper Room Cross Community Victory Church Registered Charity Forthe yearended 31 March 2022 Balance Sheet Notes 2022 2021 Fixed assets Tangible fixed assets 1,195 262 Current assets Debtors Ca8h at bank and In hand 4,453 47,525 9,554 43,500 Creditors: amounts falling due within one year Net Current assets Totsl assets less curront Ilabllltlas Net assets 560 280 52,774 53,036 52,813 53,036 Resérves Restricted funds Unrestricted funds 52,613 53,036 Total reserves 52,613 53.036 In approvlng these financial staternents as trustees of the charity we héreby confirm.. For the year ended 31 March 2023 the charity was not requir8d to carry out an audit The members have not required the charity to obt8ln an audtt of its accounts for the ye8r, The trustees acknowledge their responsibilities for complying with the requirements of the Charities Act (Northern Ireland) 2008 with respect to accounting records and the preparation of financial statements. The financial statements were approved by the Board on ecember 2023 and signed on its behalf by Trustge Trustee The notes on pages 7 to 10 form part of these financial statements
The Upper Room Cross Community Victory Church Registered Charity Forthe year ended 31 March 2023 Notes to the Financial Statements 1 Accounting policies a Charity status The charity is an unincorporated charity registered with the Charity Commission for Northern Ireland. b Basis of Accounting The financial statements have been prepared in accordance with applicable accounting standards and comply with the Charity's Goveming Document, the Charrties Act (Northern Ireland 2008) and "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)" (as amended for accounting periods commencing from 1 January 2016). The Charity is a Public Benefft Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. The Charity has taken advantage ofthe provisions In the SORP for charities applying FRS 102 Uplate Bulletin 1 not to pr8pare a Statement of Cash Flows. c Golng Concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus Ihe Trustees continue lo adopt the going concern basis of accounting in preparing the financial statements. d Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of th8ir charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. e Incoming resources All incoming resources are included in the statement of financial activth'es when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. f Expenditure Expenditure is recognised on an accrual basis as a Siability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for beneficiaries. Administrative costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the other costs incurred in the running ofthe charity. g Fixed asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net incomel (expenditure) for the year. Transaction costs are expensed as incurred.
The Upper Room Cross Community Victory Church Registered Charity Forthe year ended 31 March 2023 Notes to the Financial Statements 1 Accounting policies (Cont'd) h Tangible fixed assets and depreciation Depreciation is provided for on all tangible fixed assets at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows. Fixtures, Fittings & Equipment 250/0 Reducing Balance i Impaimient of fixed assets At each reporting date, the charity reviews the carying amount of its tangible fixed assets to determine whetherthere is any indication that those assets have suffered an impairment loss. Ifany such indication exists, the recoverable amount is estimated in order to determine the extent of the impairment loss (if any). j Cash and cash equivalents Cash and cash equivalents include deposits held at call with banks. k Basic financial assets Basic financial assets whlch Include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured atthe present value ofthe future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities which include other creditors are inrtially measured at transaction price. m Grants Capttal Grants are recognised are recognised at fair value when there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received. Grants related to purchase of assets are treated as deferred income and allocated to th8 statement offinancial activiti8S over the useful lives of the related assets to which they relate. Grants of a revenue nature are credited to income in the period to which they relate. n Critical accounting estimates and judgements In the application of the charity's accounting policies, during the current financial year, there were no material judgements or estimates included in the finanal statements. 2 Incoming resoUe$ from charitable activities 2023 2022 Donations and gifts, including gift aid reclaimed 19,661 26,346 Totsl incoming resources from charitsble activites 19,661 26,346
The Upper Room Cross Community Victory Church Registered Charity For the year ended 31 March 2023 Notes to the Financial Statements (Cont'd) Fixtures, Fittings & Equipment 3 Tangible fixed assets 2023 Cost As at 1 April 2022 Additions As at 31 March 2023 350 1,331 1,681 350 1,331 1,681 Depreciation As at 1 April 2022 Charge for the year As at 31 March 2023 88 398 486 88 398 486 Net Book Value As at 31 March 2023 As at 31 March 2022 1,195 262 262 4 Debtors 2023 2022 Trade Debtors 4,453 4,453 7,326 7,326 5 Creditors 2023 2022 Trade Creditors & Accruals 560 280 280 280 General Reserves Fund Designated Fund 6 Reserves Total At 1 April 2022 Net incomingl (outgoing) resources for the year At 31 March 2023 53,036 423 52,613 53,036 423 52,613 7 Transactions with trustees None of the trustees has received or is due to receive any remuneration for the year from the charity funds (2022- Nif).
The Upper Room Cross Community Victory Church Registered Charity For the year ended 31 March 2023 Notes to the Financial Statements Icont'd) 8 Related Party Transactions There were no related party transactions in the year. 9 Charitable status The charity is a registered charity with the Charity Commission for Northem Ireland. 10 Taxation No provision for taxation is required as the company has charitable status approved by HMRC. 10