The Upper Room Cross Community Victory Church Registered Charity Forthe year ended 31 March 2023 Trustees, report The Truslees present their annual report together with the financial statements and independent accountants, report of the charity for the year ended 31 March 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with current statutory requirements, °Accounting and Reporttng by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and R8public of Ireland (FRS 102)" (as amended for accounting periods commencing 1 January 2016). LÈgal Structure The Upper Room Cross Community Victory Church is a registered charity 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 weekty basis to accommodate such. o provid8s social and outreach opportunities for bringing people together from outside the immediate, 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, projects geared towards r@aching 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 th8ir right to engage in public worship. The benefits will also promote r8duced stress and worry, balance and h8althy 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 peop18 living in Northern Ireland, particularFy those living in the Coleraine area. The people targeted transcend age grouF6 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 Perforniance 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). Atthe year-end unrestricted funds amounted to £52,036 (2022- £45,486). All resources received and expended are treated as unrestricted funds, unless otherwise stated. Govemance and Management The Trustees of the charity have the responsibility for the operational 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 Creelrnan Timothy Creelman Mark Cieelman Elizabeth Kennedy John Parkhill Trustees are elected 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 operations and finances, and are satisfied that systems are in place to mitigate exposure.
The Upper Room Cross CoTnmunity Victory Church Registered Charity For the year ended 31 March 2023 The Trustees. re Cont'd Statement of Trusteès. Responsibilities The Trust8es are responsible for preparing the Tru8tees' Annual Report and the flnancial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law appllcableto charities in Northern Ireland requires thatthe Trustees prepare financlal statements for each financial yearwhich give a true and fair view of the affairs ofthe charity and the incoming resources and application of the resources, including the net income or expenditure, of the charty for the year. In preparing these financial stat8m8nts, th8 Trustees are required to.. select sultable accountlng policies 8nd then apply them consistently; observe the methods and principles in the Charities SORP make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed. subject to any material departures dlsclosed 8nd explained in the financial statem8nts', Prepare the financial statements on a going concern basis unless it is in8ppropriate to presume that the charity wlll continue in operatlon. The Trustees are responsible for keeping proper accounting records whlch disclose with r8asonabla accuracy at any ttme the financlal posltlon ofth8 charity and which enable them to ensure thatth8 financial stataments comply with applicable law and United Klngdom Accounting Standards. They are also responsible for safeguardlng the assets of the charity and henGe for taking reasonable steps for the prevention and detectlon of fraud and other Irregularltlos. Thls report was approved by the Trustees at the meeting on LkDecemb8r 2023 and slgned on ts behalf by Trust89 Trustee