CALVARY BELIEVERS MifslSTRIES INTERNATIONAL TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 JSA & ASSOCIATES CHALLENC.E HOUSE 616 MITCHAM ROAD CROYDON CRO 3AA CHARITY REGISTRATION NUMBER 1059080
CALVARY BELIEVERS MINISTRIES INTERNATIOYAL CONTENTS PAGE Legal and administrative infonnation Tiuslees report Independent Accoiintant's I"eport Statement of Financial Activilics Balance Slieet Notes formin¥ part of the financial statements 9-10
CALVARY BELIEVERS MIIIISTRIES INTERNATIONAL TRUSTEES: Rev. Elizabeth Tetteh Harriel Amlo-Agyei Selh R Dodoo tieorge K Agyei RFGISTERED OFFICE 68 Riverdale Road Erith Kent DA8 IPX BANKF.IIS: National W¢stmin4ter Bank Brixton BranLh ACCOUNTANTS: JSA & ASS()CIA'fES AC'C:OUNTANTS Challen&yL House 616 Mitcham Road CIIO 3AA
CALIAARI, BELIEVERS MINISTRIES INTERINATIONAL TRUSTEES, REPORT Thc trustees have pleasiire in siibmiltiiig tlicir rcport (d accounts for the period ended 31 March 2024. Thc Iiiiancial stalenients liave been preparcd In accordancc wilh thc acLounting policics sct out on Page 8, and comply willi thc Stalcmcnt oL'Rccommcndcd Practicc and applicable law. Constitution Ob'ectives of the Or anisation Princi al Activities and Or anisation of our woi"k Tlic Ministry is conslilulcd undcj. a trusi dc¢d and is rcgistcred with the Cliarily Conimission. Thc obj¢ctives of tliL Church as sct oiit in thc Dccliif<ilioii ot"Trust arc: a) Tlie advanccmcnt of. Ihc L Iiri%tian Faith in thc Unilcd Kin&Jduni <ind dbro£ld. b) Thc rclict, of persons who arc in Londilion of iiccd, hardship or dislrcss in tlic Unit¢d Kingdom or (Ibroad. Tli¢ principdl aclivilics of thc Lhurch 14 T¢ Christian worship aiid involvcinciit ol. vari011s niini51rics and niinislcrs of rcligion 10 propcLgal¢ Cliribtl<in tcncts, rclict. ot. povcrty. provision ot. c)vcrscas aid tind assistance to vicliins ol. t"oiniiic. Tlie Lliur¢li lias bccii iiii'olvcd iii Cliristii)11 prograin%, Ihcsc arc dcsigncd lo incrcasc Clirislian awaMncs% and IhL spfLdd ol" Ihc gospil c)f our Lord Jcsus Christ. Future Develo ments Thc Church will Lonliniic lo focus its ficlivitics lo meet the objectives of thc TrLlSt. Review of financial osition Tlie net incrcasc in rcsourLcs for thc pcriod amoLintcd lo £16,095
CALVARY BELIEVERS MIIIISTRIES INTERN.ITIO_NAL TRUSTEES, REPORT Lontinued Statement of Trustees, Res onsibilities The Cliarities Acl requires the TrLiStees to prepare financial statements t-or cacli finanLial year, which give a tru¢ and lair view ol. th¢ stat¢ ot at-tairs of thc Organisation and ot-the 5Lirplus or dcficit of ihe organisatioll for th<lt period. In prepariiig those finiincial 51aleEnents, tlie trustees are rcqucstLd to.. Sclccl suildblc accounting poliLics (ind Ihcn &ipply thLm con5iStLntly' Makc.judgLmcnts dnd cslimates that arc rciison¢iblc and prLidcnt; Stale whctlier applic<iblc accounting standards and slalemcnls, of recommcndcd prdclicc havc bccn followcd. subjccl to any dcparlurcs discloscd and explaincd iii thc financial slalcmciits; Prcp(Irc tlic fin(Incial stdtements on the going conccm basis unlcss Il is inappropriale lo prcsuiiic tliat ihc Orgdiiisalioii will continiic in opcralion. Thc Triistccs arL rcsponsible for kecpiiig propcr aLcouiiling rLcord%, ,11]Ch di%closL With J'C<15011iiblc Jccur¢lCy Jl dny tim¢ Ihc finaiicial position of tlic Orgaiii%<ilion dnd to cnablc Ilicin to cnsiirc Ilial Ilic finanLidl stdtcniLlItS Loinply witli Ilie Ch<irilics ALI. They are a150 rL'spunsiblc for s(IfegLliirding tlic dsscls of th¢ OrgdlllSJtion and licnLc lor taking rcasonablc stcps for thc prcvcnlion and dclcLtion of fraud cind othcr irregularitics. ALLountants Th¢ acLountants, ML5srs. JSA & ASSOCIAI'ES., Iidvc LxpfL55cd tlicir willingiicss lo stay in offile. roval Tliis rcport was dpprovcd by the board of tru5tccs and S1cd on its bclialf by.. George K AgyLi D¥ltL.d:
INDEPENDENT ACCOUNTANTS, REPORT TO THE TRUSTEES OF CALVARY BELIEN'ERS MINISTRIES INTERINATIONAL Wc cxamiiicd the financial slal¢mcnt of c.alvary Bclievers Ministries International for Ihc ycar cndcd 31 March 2024 set out on pagcs 6 to 10. Tliese Financial statements have b¢¢n prcpdrcd Lindcr tlic H islorical Cost Convcnlioii (ind the accounting polici¢s sct oiit Oli Piigc 9. Respective Responsibilities of Trustees and Independent Accountants Thc Triistees responqibililic5 for preparing the Tru8tces' Rcport and Ihe linanci<il statemeiits in dccordancc with applicablc laiN' dnd Uiiiled Kingydom Accounting Sidndards dr¢ set out in Ihc Statciiicnt of i"rLlStees rcspon%ibililics on pagc 4 dnd 5. We liave bccn appointed as indcpLndcnl aLcoLintantants undcr Section 43 ot. tlic Charilics Act 1993 and rcport in accordancc wilh rcgLilations madc uiidcr Scction 44 of Ihal Act. Oiir rcspon%ibility is to cmine Ihc financial stat¢ments in iiccordaiicc with r¢lcv¢inl rcgul(Itory rcqiiircni¢nts Jnd undLr Unitcd Kingdom Accoiiiiting StJnddrds. Wc read ulh¢r inl'ormalion containcd in Ihc I"rustces' Rcport dnd l-. indnL idl Stdlcmcnts. and ¢on%idcrcd Ihat it IS Lonsislcnl wilh thc CX&imincd fiiiaiiLi<il sldtcnicnts. JSA & ASSOCIATES J<4A & Associates uiie. 4, Ckiallenge House 616 Milcham Road Croydon, CRO 3AA ALLount<inls Clialleng¢ I luusc, 616 Mitcliam Road CRO 3AA Datcd .
CALVARY BELIEVERS MIfsISTRIES INTERNATIONAL STATEMENT OF FINANCI.4L ACTIITITIES FOR YEAR ENDED 31 MARCH 2024 Notes Unrestricted Restricted Funds Funds Total 2024 Total 2023 Incoming Resources Activities in furtherance of the Church's objects Tithes and Offering Baiik interest received Gift aid Other income Total InL'oming Resources 32.991 1,549 8,606 -340 43,486 32,991 1.549 8.606 -340 43,486 32,365 8,029 41,045 Resources Expended Cost of generating funds C,ost of Actii'ilies in furlheraiice of objectives 8,422 18,422 27.824 Charitablc Expcnditure Man¢igienient & Adniiiiislration 8,969 8,969 16,404 Total resource expcnded 27,391 27,-191 44,228 Net Movement in funds for the year Prior Year Adju%tmcnts Total funds brought forivJrd Total funds carried forward 16,095 221 118,886 16,095 221 118,886 (3,183) (2,463) 124,532 135,202 135,202 118,886 Thcrc wcrc no rccogniscd gains oi. losscs lor Ihc pcriod othcr than thosc included in the Stalcment of F inancial Activilies Tlic notcs on pagc 9 to l O toi'in part ot Ihe5c finaiicial 5latcmcnts.
CALVARY BELIEVERS MINISTRIES INTERNATIONAL BALANCE SHEET AS AT 11 MARCH 2024 Notes 2024 2023 Fixed Assets Tangible Assels 2,296 3,062 Current Assets Cash at baiik and in hand 136,367 118.k86 Current Liabilities Amoiinls falliiig due witliin one year 400 1.100 INet Current Assets 135,967 117,786 Total Net Assets 138,263 120,848 Funds Unrestrictcd Fuiids Reslriclcd Fuiids Reserves 136,367 118,886 1,896 138,263 1.962 120,848 Approvcd by thc Trustecs on:,... diid sigiiLd 011 its belilaf by: Georglc K Agyei Trustee
CALVARY BELIEVERS MINISTRIES INTERNATIOINAL NOTES TO THE FINANCIAL STATEMENT FOR YEAR ENDED 31 MARCH 2024 Accounting Policies l. Basis of preparation of accounts ThL' accounts arc prepared uiider Ihc historical cost Loni'enlion and inLludc the i-csults of the Organisation's opcralions which arc dcscribcd in thc Tn]stces' Report and all ot. wliich aTC conlinuing. Tlie accouiils IiaN'¢ bccn prcpai-cd in accordance with the Staleinent of Recommended Practice for Charity Accoiinls and th¢ Charities Act 2011. The Org41nisalion has taken advantage of th¢ excmpiion in Financi.?1 Reporting Standc1rd No. I Irom Ihe reqLiir¢menl lo producL a Laslillow slai¢incnt on the groLiiids that it qualilies as a small Organisation. 1.1 Incoming Resources Tithes and Offering Incoine from iiilics and offcring, is included in inconiing resoLirces when tliese are receivable. Other Income OihLr Income coinprises incoille from welfare donations & other donLl1ions. il also include gift aid, Ihesc are Jll decm¢d as unrestricted t"unds. 1.2 Tangible Fixed Assets for use by the Organisation and Depreciation. Individual tixed a$8ets cosliiig £120 or ni(Ire are capitalised &1 cost. -I"aii¥ible fixed asset.s for use by Ilie Church are staled at cosi less depreciation. Depreciation is proN'ided ai rates Cl6 Iculal¢d lo writc otl Ihc cost or valuation ot. tixed asscts, less theii. estiiiialed rcsidual valuc, ovcr th¢ir cxpLLled uselul lives on Ilic lollowing basis.. Equipment, Fixttires & Fillings 20/0 per anniim Motor Veliicle 20 /0 per anniiin The Organisation lias taken advantage of the ¢x¢mplion in Fin(Incial Reporting Siaiidard No. I from thc reqiiircinent tc) produce a cashtlow slalement on the grounds Ihal it Lllliilities as a sinall entity. 1.3 Value Added Tax Value Added Tax is not recoverable by the Organisation, and as such is inLluded in the relevaiit costs in the Statement of Financial Activities.
1.4 Resourccs expended Resources expcndcd arc inLliidcd iii the StaiLin6nl of Financial activilics on an accnials basis. Ccrtain costs havc b¢cn apporlioncd belwccn Cost of Acliiiilies in Fiirlherance of Objeclives and Managcment and Adininistration on the bases consistcnt wilh thc usc of thosc resoLirccs. 1.5 Funds Accounting Funds lield by thc Charity: Unrestricted gcncral fund coinpnsing funds which can be used in accordJn¢c willi Ihc charitablc objccl8 at the discretion of tlie Iruslees. Reslricted tiinds which were raised for parliciilar restricted piirposes and can only be used for those particiilar resli'icled piirposes within Ihe objects of the Chiirch. 2. Cost of Activities in furtherance of objectives Unrestricted Restricted Total 2023 Rcnt Kids SLinday Scliool Instruiiiciitals & Equipincnt Miiiislrati()ii Costs Bcach I'rip & Aniiual Dinner Donaiilioiis & Missionary Costs Training & Conlcrciices Food and Drinks 9,513 1,806 9,513 1,806 7,425 1,979 12,720 2,595 2,293 850 93. 430 18,422 2,595 2,293 850 5,700 430 18,422 27 824 3. Management and Administration Unrestricted Restricted Total 2023 Printing, Postatgc & Staionery Bank Cliarges & iiiterest Insurance Books glid Subscriptions Repairs & Maintcnance Salary & Allowances Depreciation Hardship fund and gifts Accountancy & Legal Fces Sundry Expenses 397 397 166 572 667 6,250 766 667 6.250 766 12,775 1,100 400 489 8,969 400 489 8,969 16,404 10