Charity Commission for Northern Ireland registration number - 102813 Accepted as a Charity by HM Revenue & Customs reference - Kr3289 The Upper Room Cross Communlty Victory Church Reglstered Charlty Trustees, report and flnancial statements for the year ended 31 March 2024
The Upper Room Cross Communtty Wictory Church Registered Charity For the year ended 31 March 2024 Contents Page Charity Information Trustees, Report 2-3 Independent Examiners, Report to the Trustees of The Upper Room Cross Community Victory Church on the Unaudited Financial Statements Statement of Fin8n¢ial Activities Balance Sheet Notes to the Financial Statements 7-10
The Uppor Room Cross Community Victory Church Registered Charity For the year ended 31 March 2024 Chari Information Trustees Rosemary Creelman Peter Creelman Timothy Creelman Keith Creelman Charity Commission Northern Ireland Registered Number 102813 Raglstered addre88 53 Broomhill Park Coleraine County Londondery BT513AN Independent Examlner David Mcmullan & Co Ltd Chartered Accountants 1 Ballykenver Road Stranocum Ballymoney Co. Antrim BT53 8PZ Operational Address Unit 7, Sandel Village Centre Knocklynn Road Coleraine Co. Londondery BT52 1WW Bankers Ulster Bank 30 The Diamond Coleraine Co. Londonderry BT52 1OP
The Upper Room Cross Communlty Wictory Church Reglstered Charlty For the year ended 31 March 2024 Trustees, re ort The Trustees present their annual report together with the financial statements and independent accountsnts, report of the charity for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with cuent statutory requirements. "Accounting and Reporting by Charities.. statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporiing Standard applicable in the UK and Republic of Ireland (FRS 102)° (as amended for accounting periods commencing 1 January 2016). L8gal Structure The Upper Room Cross Community Victory Church is a registered charity in Northem 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 outre8ch opportunities for bringing people together from outside the immediate. local church membership. o provides a Gross-community youth Glub targeting children of primary School age. It facilitates, in collaboration with other church bodies in the local area. projects geared towards reaching out to the vulnerable and needy. Public Benefit The benefits from this purpose includè 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 wory, balance and healthy relationships as these Biblical principles are applied. The benefits from this purpose also indude 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 hami. 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 leadlng the church. These benefits are incidental and necessary. Achievements and Performance Total incoming resources amounted to £26,694 {2023 - £19,661) and after deducting total resources expended of £15,035 (2023- £20,084), net incoming resources amounted to£11,659 (2023 net outgoing resources- £423). At the year-end unrestricted funds amounted to £64,272 (2023 - £52,036). All reSoUS received and expended are treated as unrestricted funds, unless otherwise stated. Governance and Management The Trustees of the charity have the responsibility for the operational deliveran of the chartty's activities and achievement of the objectives. The Trustees who served during the year are as stated below.. Rosemary Creelman Peter Creelman rimothy Creelman Keith Creelman Trustees are elected in accordance with the Chartty's goveming document. The Trustees have assessed major risks to which the Gharity is exposed, in particular those related to the operatlons and financ8s. and are satisfied that systems ar8 in place to mitigate exposu.
The Upper Room Cross Community Victory Church Reglstered Charfty For the year ended 31 March 2024 The Trustees. re Cont'd Statement of Trustees. Responslbilitles The Trustees are responsible for preparing the Trustees, Annual Report and the financial statements i accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Northem Ireland requires that the Trustees prepare financial statements for each financial yearwhich give a true and fairviewofthe affairs ofthe Charity and the incoming resources and application of the resources, including the net income or expenditure, of the charity for the year. In preparing these financial statements, the Trustees ar8 required to.. select suitable accounting policies and then apply them consistentty" observe the methods and principles in the Charities SORP make judgements and estimates that are reasonable and pwdent,. • state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial ststements. Prepare the flnancial statements on a going concem basis unless it is inappropriate to presume that the charlty will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of Ihe charity and which enable them to ensure thatthe financial statements compty with applicable law and United Kingdom Accounting Standards. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and detectlon of fraud and other irregularities. This report was approved by the Trustees at the meeting on J December 2024 2nd signed on its behalf by O.L. Trustee
The Upper Room Cross Community Victory Church Registered Charity For the year ended 31 March 2024 Inde endent ExamIne5 Report to the Trustees of The U r Room Cross Communi Vlcto Church We report on the financial statements of the charity for the year ended 31$1 March 2024. 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 Charilies.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UKand Republic of Ireland (FRS 102)" {as amended foraccounting 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 Ihe Charities Act (Northern Ireland) 2008. The charity's Trustees consider that an audit is not reqUId for this year under section 65 of the Charities Act (Northem Ireland) 2013 and that an independent examination is needed. It is our responsibility to.. examine the acGounts 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 Charities Act. and state whether particular matters have come to our attention Basls of independent examinerfs 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 8 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 seaking explanations from you as trustees Conrning any such matters. The procedures undertaken do not provide all the eviden that would be required in an audit, and consequently no opinion is glven as to whether the accounts present a 'true and fair, view, and the report is limited to those matters set 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 with those accounting records 3. That the financial statements do not comply with the accounting requirements of the Chartties Act 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent Examinerfs statement I have Gompleted my examination and have no concerns in respect of the matters (1) to (4) listed 8bove and in Gonnection with following the Directions of the Charty Cornmission for Northern Ir81and, I hav@ found no matters that require drawing to your attention. David Mcmullan & Co Ltd Chartered Accountsnts 16 D8cember 2024 Kenver House 1 Ballykenver Road Stranocum Ballymoney Co. Antrim BT53 8PZ
The Upper Room Cross Community Wictory Church Registered Charlty For the year ended 31 March 2024 Statement of Financlal Activities 2024 2023 Notes Unrestrl¢ted RestriGted Total Total Incomin resources Incoming resources from charftable aCtitIeS 26.694 26,694 19.661 Total Incomlng resources 26,694 19,661 Resour esex ended Direct charitable expenses 14,417 14,417 19,099 Operational and administrative expenses 618 618 985 Total resources expended 15,035 15,035 20,084 Net incoming l (outgoing) resource5 for the year being net movement in funds Funds brought forward 11,659 11,659 (423) 53,036 52,613 52,813 Funds carried forward 64,272 52,613 All income and expenditure derive from continuing 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 Wictory Church Registered Charrty For the year ended 31 March 2024 Balance Sheet Notes 2024 2023 Fixed assets Tangible fixed assets 896 1,195 Current assets Debtors Cash at bank and in hand 3.278 60.368 63,646 4,453 47,525 51,978 Creditors: amounts falling due within one year Net current assets 270 560 63,376 51,418 Total assets less current liabilities 64,272 52.613 Net assets 52,613 Reserves Restricted funds Unrestrrcted funds 64,272 52,613 Total reserves 64,272 52,613 In approving these financial ststements as trustees of the charity we hereby confirm: For the year ended 31 March 2024 the charity was not required to carry out an audit The members have not required the charity to obtain an audit of its accounts for the year. The trustees acknowledge thelr responsibilities for complying with the requirements of the Chartties Act (Northern Ireland) 2008 with respect to accounting records and the preparation of financial statements. The financial statements were approved by the Board on IfDecember 2024 and signed on its behalf by Truslee Trustee The notes on pages 7 to 10 fomi part of these financial statements
The Upper Room Cross Community Wictory Church Registered Charity For the year ended 31 March 2024 Notes to the Financial Statements l Accounting poliGies a Charity status The Gharity is an unincorporated charity registered with the Charity Commission for Northern Ireland. b Basls of Accountlng The financial statements have been prepared in accordance with applicable accounting standards and comply with the Charity's Goveming Document, the Charities Act (Northem 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 Benefit Entity as defined by FRS 102. The financial statements are prepared in sterfing. 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 of the provisions in the SORP for tharities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. Going Concern At the time of approving the financial staternents, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. d Charftable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of thelr charitable objectives unless the funds have been designated for other purposes. R8Stricted funds are subjectto specific conditions by donors as to how they may be used. The purposes and uses of the restrtcted funds are set out in the notes to the financial statements. e Incoming resources All incoming resources are included in the statement of financial activities 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 liability 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 comprtses those costs incurred by the charity in th8 delivery of its actiwties and services for beneficiaries. Administrative costs include those costs associated with meeting the constitutional and statutory requirements of the charity and indude the other costs incurred in the running of the charity. g Flxed 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 CogniSed in net incomel (expenditure) for the year. Tr8nsaction costs are expensed as incurred.
The Upper Room Cross Community Victory Church Reglstered Charlty FOT the year ended 31 March 2024 Notes to the Financlal Statements 1 Accountlng policies (Cont'd) h Tanglble fixed assots and depreciation Depreciation is provided for on all tangible fixed assets at rates calculated to write off the cost18SS estimated residual value of each asset over its expected useful life as follows- FixtuTrs. Ftttings & Equipment 259/0 Reducing Balance I Impalrment of fixed assets At each reporting date, the charity reviews the carrying amount of its tangible fixed assets to detemiine whetherthere is any indication thatthose assets have suffered an impairment loss. If any such indication exists. the recoverable amount is estimated in order to detemiine the extent of the impaimient loss lif any). j Cash and cash equivalents Cash and cash equivalents include deposits held at call with banks. k Basic financial assets Basic financial assets which include debtors and cash and bank balances, are initialty measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest rnethod unless the arrangement constitutes a financing transaction. where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets c18ssified as re1vable within one year are not amorb'sed. l Basic financlal Ilabllltles Basic financial liabilities which include other creditors are initially measured at transaction price. m Grants Capital Grants are recognlsed 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 the statement of financial activities 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. Critlcal 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 financial statements. 2 Incoming resources from charitable actlvities 2024 2023 Donations and gifts, induding gift aid reclaimed 26,694 19.661 Total incoming resources from charltable activites 26,694 19,661
The Upper Room Cross Community Victory Church Registered Charity Forthe year ended 31 March 2024 Notes to the Flnancial Statements (Cont'd) Fixtures, Fittings & Equlpment 3 Tangible flxed assets 2024 Cost As at 1 April 2023 Additions As at 31 March 2024 1,681 1.681 1,681 1,681 Depreciation As at 1 April 2023 Charge for the year As at 31 March 2024 486 299 785 486 299 785 Net Book Value As al 31 March 2024 As at 31 March 2023 896 1,195 896 1,195 4 Debtors 2024 2023 Trade Debtors 3,278 3,278 4,453 4,453 5 Creditors 2024 2023 Trade Creditors & Accruals 270 270 560 560 General Reserves Fund Designated Fund 6 Reserves Total At 1 April 2023 Net incomingl (outgoing) resources for the year At 31 March 2024 52,613 11,659 52,613 11,659 64,272 7 Transactions wlth trustees None of the trustees has received or is due to re1ve any remuneration for the year from the charity funds (2023- Nil).
The Upper Room Cross Community Victory Church Registered Charity For the year ended 31 March 2024 Notes to the Financial Statements (Cont'd) 8 Related Party Transactions There were no related party transactions in the year. 9 Charftable status The charity is a registered chartty with the Charity Commission for Northem Ireland. 10 Taxation No provision for taxation is required as the company has charitable status approve(J by HMRC. 10