Celebration House Trustees, Report The trustee5, who are dii'eclors foi. the purposes of company law. present tlie annual report together willi the rinancial statements and auditors, report of Ilie charitable conipany for ilie yeai- ended 30 Seplember 2023. Objectives And activities Objecls and oipns The objectives of the charity are: The advancement of the Christian religion. The advancement of education. The relief of poverty. The provisions of facilities in the interests of social welfare for recreation and other leisure time occupation of people who are in need as a result of their youth, age, infirmity of social and economic circunistances. Public benefit As a ministry we are committed to making a difference to botli our local community. island of Ireland North aiid South and mission fields worldwide. This is a¢eomplished through delivering biblical principles for daily life. weekly nieetings in english, bulgarian and romanian. for adults and cliildren aiid also providinE midweek services in english. We bring ministry teams in fi'oni other nations to facilitate growth. vision and leariiing. Through assistance and sign posting for individiials many from ethnic ininoi'ity groups regarding housing, benefits, jobs, education etc. We work alongside those with addictions and mental health issues to inake healthier choices. We havc facililaled leai'ning througli a Christian 5ehool wliich not oiily einbraees fiill-tiine sludeiils but also part-liine hoineschooled fainilies allowing Ilie besl of both worlds. We 5uppoI'I Inini5trie5 who go io different naiions io spread the gospel and humaiiitarian support. Tlie trLlStees confirm tliat they have complied with the requireinents of the CliaritiC5 Act 2008 to have due regard to the public benefit guidance published by the Charity Cominission for Northern Ireland. FinanciRI review Policy on ruerves The trustees aim to develop unrestricted reserves equivalent to three montlis running costs by October 2025, at the latest. The target is for this lo be staggeiEd with I Inonth reserve by Octobei. 2024 and 2 monilis by October 2025. This is to allow the new Coinpany / Charity to use its funds for development as well as buildiiig reserves. If agreed by the trustees, the reserves built up can be used on a project and then reserves will again be built up. The amount of reserve5 will be reviewed annually at the time accounts are produced and as required. In between, Pastor Roy Stewart will monitor the progress. This policy will be reviewed in 2025 to set the new level. Trustees and offjcers The trustee5 and officers serving during the year and since the year end were as follows: Trustees: Pastor R A Stewart Dr C H Stewart Mr M J Murphy Page 2
Celebration House Trustees, Report Structure? governance And mAnAgement Ivalure ofgoverniug documenl Celebration Hoiise 15 a coinpany limited by guarantee and is also a recognised charity. For the purposes of Charity Law. the directors are also trustee5 Qf th¢ company. FinAllciAI instruments Objeclives andpolicies Tlie charity's activities expose it to a number of financial risks including credit risk, casli flow risk and liquidity risk. The use of financial dei'ivatives is goveimed by the charity's policies approved by tlie boai'd of trustees, which provide written principles on the use of financial derivatives to manage these risks. The cliarity does not use derivative financial instruments for speculative purposes. Disclosure of information to auditor Eacl) trustee ha5 taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit inforniation and to establi511 that tlie cliarity's auditor is aware of that infomiation. The trustees confirm tliat their is no relevant inforn)ation that they know of and of which they know the auditor is unaware. StatemeDt of tru5tces' responsibilities Thc irusicc5 (who are a150 Ihc dlreriors of Celebrailon House for ihe purposc5 of company law) ar¢ re5pon51ble for preparing the trustees, report and the financial stat¢ment5 in accordan¢e with applicable law and United Kiiigdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 'Tlie Financial Reporting Standard applicable in the UK and Republic of Ireland Company law requires the trustees to prepare financial Statements for each financial year. Under company law the truslees musl not approve the finwicial 5tat¢ment5 unless they are satisfied that they give a true and fair view of the state of affairs of the Charitable coinpany and of the incoming resources and application of resources. including its income and expenditure, of tlie Charitable company for that period. In preparing these financial statements. tlie trustees are required to.. select siiitable accounting policies and apply them con5iStently' observe tlie methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards. comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable conipany will continue in biisiness. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the fiiiancial position of tlie charitable company and enable them to ensure that the fir]an¢ial statements comply witli the Companies Act 2006. They are also responsible for safeguarding the assets of the cliaritable ompany and hence for taking reasonable steps for the prevention and detection of fraud and otlier irregularities. The truslees are responsible for the maintenance and integrity of the corporate and financial information included on the charilable conipany's website. Legislation governing the preparation and dissemination of fiiiancial statements may differ fi'oin legislation in other jurisdi¢tions. Page 3
Celebration House Trustees, Report Tjie aniiual report was approved by the trustees of the charity on 25 Nlarch 2024 signed on it5 behalf by.. Pastor R A Stewart Trustee Page 4