CALVARY BELIEVERS MINisfR]ES INTERNATIONAL Report and Finanaal Statement ForThe Year Ended 31 March 2023 ANNUAL REPORT AND FINANCL4L ATEMENT FOR THE YEAR ENDED 31 MARCH 2023 C4LVARY BELIEVERS MINWRIFS IKfERNATIONAL CHARITY REGisfRATION NUMBER 1059080 JSA & ASSOCIATES QUALIFIED ACCOUNTANTS SUITE 7, CHALLENGE HOUSE 616 MITCHAM ROAD CROYDON CRO 3AA
CALVARY BELIEVERS MINi&fRIES INTERNATIONAL Report and Financial Statement ForThe Year Ended 31 March 2023 TRUSTEES Rev. Elizabeth Tetteh Harriet Amfo-Agyei Seth R Dodoo George K Agyei REGISTERED OFFICE 68 Riverdale Road Erith Kent DA8 IPX CHARITY REGISTERED NUMBER (England and Wa]esJ 1059080 BANKERS Natwest Bank Brixton Branch ACCOUNTANTS ISA & ASSOCIATES QUALIFIED ACCOUNTANTS SUITE 7 CHALLENGE HOUSE 616 MITCHAM ROAD CROYDON CRO 3AA
CALVARY BELIEVERS MINisfRIES IprrERNATIONAL Report and Financial Ststement ForThe YearEnded 31 March 2023 CONTE PAGE TteeS Report 4-5 IndependentAccountants Report 6-7 Statement of Financial Activities Balance Sheet Note5 to the Financial Statements 10-13
CALVARY BELIEVERS MINISTRIES INTERNATIONAL Report and Financial Statement For The Year Ended 31 March 2023 ORT TH STEE FOR NDED March 023 The Trustees have the pleasure in submitting their report together with the Financial Statements of the organisation for the year ended 31 March 2023. Governing Document CALVARY BELIEVERS INTERNATIONAL MINISTIUES is a charity COD5tituted by a Trust Deed and is registered with the Charity Commissio Appointment of trustees Trustees are nominated by the chair. In appointing trusrees conslderation is given to individuals who have adequate experience in organisiug various groups. training and education and community outreadL During this financial year, there were no new trustees appolntmenL Aims and Objertives CaIvary Believers International Ministries was cted to advance the Christian religion for the benefit of the public. This is achieved through evangelism, fellowship, baptizing, community activities and teaching the word of God from the bibl The objectives among Othe are The adwancement of the Christian Faith The reliefand support of persons in need. hardship or distress Evangelizing locally, regionally and Internationally Expressing God's love to the commullity by organizing clwitable activities in the local Community. Artivitle$ Outreach programtnes were organised to witness to the members of the public on Saturday5. Revival and Seminars were held to empower members and the general public. Leadership Sernina were held. Achievement We contlnued with the support we offer to the communfity. It is worth reporting the expansion membershi
CALVARY BELIEVERS MINIRIEs INTERNATIONAL Report and Financial Statement For The Year EDded 31 March 2023 Rlsk Management As the charity exists 1n1Y on donations and giving from church members. the trustees continualty assess the potential rksk to the ckkarity. This process is managed through continuous monitoring ofthe church membership. attendance atchurch activttles and controls of management and administrative expense& Future Plans We intend to take a close look at foreign missions particularly in Ghana and also the p055ibility of establishing another branch here in UK We intend to support more members ofour community who are faced with hardship. JSA & Assodates were appointed as the accountants (Independent Examiners] and they have expressed their willingness to art in that capacity. TRusfEES RESPONSIBILITIES The trustees are responsli )le for preparing the Trustees. Annual Report and the Financial Ststements in accoTdance with applÉcable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted AccouDting Practice). The Charity Art 2011 requires the trustees to prepare financial statements for each financial year, which give a true and fair view ofthe charitys finaT]cial activities during the year and of its finanaal position at the end of the year. In preparing these financial statements, the trustees are required to: Selert5Uitable accounting policies and then apply them consistently. Observe the methods and princfiples in the Charities SORP. Make judgments and estimates that are reasonable and prudenL State whether applicable UK Accounting Srandards have been followed, sublettto any materlal departures dlsdosed and explained in the financial ststernents and Prepare the financial statements on the going concern basis unless it IS inappropriate to presume thatthe charity will continue in operatio The trnstees are responsible for keeping proper accounting records, which disdose with reasonable accurdcy at any time the finanaal position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) ReatiOnS 2008. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps forthe prevention and detertkon of fraud and other irregularitie
CALVARY BELIEVERS MINIThES INTERNATIONAL Report and Finanaal Statement ForThe Year Ended 31 March 2023 TRusfEES RESPONSIBILITIES (continued) This report has been prepared in accordance with the statement of Recommended Practice, accounting and Reporting by Charities (issued March 2005) and in accordance with the Charities Act 2011. The Trustee5 declare that they have approved the Trustees report above. Signed on behalf of the charitys teeS George K Agyei Trnstee Date
CALVARY BELIEVERS MINisfRIES INTERNATIONAL Report and Financial Ststement For The Year Ended 31 March 2023 ENDENT INER TO THE TRU I report on the accounts of the Charity for the year ended 31 March 2023. which are set out on the followingpages (9 to 15). ¥1 re The trustees ofthe charity are responsible for the preparation of accounts: they consider that an audit required under section 144 (2) of the Charlties Art 2011(the 2011 Art]. and that an independent examination is needed. It is my Tesponsibility to: - Examine the accounts under section 145 ofthe Charities Act - Follow the procedures laid dovm in the Genernl Dirertions given by the Charity Commission under section 1455 of the Charities Act 2011. and - State whether particular matters have come to my attentio EPENDE My exarninatlon was carried out In accordance with the General Direction given bythe Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison ofthe accounts presented with those record5. It also includes consideration of any unusuaI items or disdosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaking do not provide all the evidence that would be required in an audit, and as a result I do not express an audit opinion as to whether the accounts present a-trne and fairf view and the report is lilted to those nutters set out in the statement below.
CALVARY BELIEVERS MINISTRtES INTERNATIONAL Report and Financial Statement For The Year Ended 31 March 2023 ELIE ERS ued io CH tNDEPENDENT EXAMINER'S ATEMENT In accordance with my examination. no matterhas come to my attention: . which gives me a reasonable cause to believe that. any material in resperts of the requirements: to keep 3ccountlng Tecord5 in accordance with section 130 ofthe Charities Act,. and to prepare accounts which accord with the accounting ordS and to comply with the accounting requirements of the Charities Art have not been meL' or to which. in my Opitlio attention should be drnwn in order to enable a proper understanding of the accounts to be reached. JSA & ASSOCIATES QUALIFIED ACCOUNTANTS SUITE 7 CHALLENGE HOUSE 616 MITCHAM ROAD CROYDON CRO 3AA Date:
CALVARY BELIEVERS MINisfRIES INTERNATIONAL Report and Financial Statement For The Year Ended 31 March 2023 EM END Totsl 2022 Funds Funds 2023 Incomlng Resources Voluntary Income Other Income Totsl Incoming Resources 32.365 32,365 68 41,045 35,861 1,045 36.09 Resources Expended Cost of activities in furtheran Of objectives 27,824 27.824 17.080 Charftsble Expendlture Governance cost Total Resources Expended Net Incoming Resources for the year Transfer between fjjndsladjustments Total Funds Brought Forward -3,183 -2.463 124,532 -3,183 -2.463 124,532 6,965 117.279 Totsl Funds Carrfed Fonyard
CALVARY BELIEVERS MtNIFfRIES INTERNATIONAL Report and Financiat Statement For The Year Ended 31 March 2023 T3 CH 202 2023 2022 Notes Tangible Assets Cash at bank and in hand 118,886 123,907 Amounts falling due within one year io Net CurreDtAssets 117.786 122,683 Net incothe resource for the year Total net assets Unrestricted Funds Restrirted Funds Others 118.886 962 Approved bythe Tntee5 on............. ........ ..2nd signed on its behalf by: io
CALVARY BELIEVEFS MtNisfRIES IltrERNATIONAL Report and Financial Statement For The Year Ended 31 March 2023 George KAg/ei Trustee Accountlng Polldes Basis of preparatlon ofAccounts The financial statements have been prepared under the historical cost convention. The accounts have been prepared ID accordance with applicable accounting stsndards. Charities SORP 2005 (Accounting and Reporting by Charities) and comply with the Charities (Accounts and Reports} Regu]2tions 2005 and the Charities Art 2011. 1.1 Incomlng ReSoUrS Voluntary incomes are received by way of donations and are recognised as incoming resources when recelvable. except ID so far as they are incapable of financial measuremeDL These are included in the Ststement of Financial Artivities (SOFA) when.. - the charity becomes entitled to the resources," and - the monetary value can be measured with sufficieDt reliability. Where incoming resources have related expendithre (as with fvndrnising or contract income) the incorning resources and related expenditure are reported gross in the SOFA at the same tirne as the gift to which they relate. In coming resources from tsx reclairns are included ID the SOFA at the sarne time as the giftto which they relate. The value of services provided by volunteers has not been includ 1.2 Resources Expended Resources expended are induded In the Ststement of Financial Activities on an accru basis as a liability is incurred. Certain costs have been apportioned between Cost ofArtivities in Furtherdnce of Objectives and Governance cost on the bases consistent with the use of those resources. 1.3 Tangible Fixed Assets and Depreciation These are 12pitsli5ed if they can be used for than one year, and cost at least £120. They are valued at cost or a reasonable value on recelpL Tangible fixed assets are stated at cost less depreciation. Depreciation Is provided at rates calculated to write off the cost less estimated residual value of each asset over its expecred useful Iife on the following basis: Equipment, fixtures and fittings 20% per annum Vehicle 20% per annum li
CALVARY BELIEVERS MINISTRIES INTERNATIONAL Report and Financial Statement For The Year Ended 31 March 2023 TO END nue 1.4 Value Added Tax Value added tax is Trot recoverable by the charity, and as such is induded in the relevant costs in the Statement of Financial activities. 1.5 Funds Accounting Funds held by the charity are: Unrestricted genera] fund -comprising fi]nds that can be used in accordance with the charitable objects at the discretion of the trustees. Restrirted funds - which were raised for partiwlar restricted purpose5 and can only be used for those particular restricted purposes within the objects of the charity. 1.6 Payments to Trustees/SeDlor Management An amount of £4800 wa5 paid to the Minister- In- Charge who is also a trustee member. It is an allowance towards his travel. telephone and other expenses incurred in dischargtng his dutie& No other payments were made to any other trustee member& 12
CALVARY BELIEVERS MINISTRIES INTERNATIONAL Report and Financial Statement For The Year Ended 31 March 2023 2. Incoming Resources Voluntary Income 2023 2022 Tithe &Offering 32.365 35,861 Interest and Compensation Gift Aid Total 651 234 Rent Instrumentsls & Equipment Donations & Missionary Ministry 7.425 1.979 5.700 7,425 1,979 5.700 72 13
CALVARY BELIEVERS MINisfRIES IprfERNATIONAL Report and Financial Statement For The Year Ended 31 March 2023 02 nre Printi Postage & Stationery Books Gift and Christmas gifts Hardship Funding Water / Refreshment DBS Hotel Cost Music Accountancy Subscription Sundry Expenses 166 128 2.775 10,000 36 145 365 450 i.ioo 166 128 2.776 10,000 36 145 365 450 I,ioo 16 Tanglble Fixed Assets Fixtures, fittings & Equipment 1,849 Additions: 1.979 Depreciation [20%] Cum. 3,828 14
CALVARY BELIEVERS MINisfwES IPtrERNATIONAL Report and Financial Statement For The Year Ended 31 March 2023 FUNDS Unrestrirted Funds 2023 2022 Balance Brought Down Net Income Resources Adjusttnents Balan Carried Forward 124.532 -3,183 -2.463 18,886 117,657 6.965 124.53 Restrlcted Fund 2023 Z022 Balance Brought Down Net Income Resources Balance Carried Forward 15