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