CALVARY BELIEVERS MINISTRIES INTERNATIONAL TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 JSA & ASSOCIATES CHALLENGF HOUSE 616 MITCHAM ROAD CROYDON CR03AA CHARITY REGISTRATION NUMBER 1059080
CALVARY BELIEVERS MINISTRIES IIYTERNATIONAL CONTENTS PAGE Legal and administrative information Trustees report Independent Accountant's report Statement of Financial Activilies Balance Sheet Notes t"orming part of the financial statements 9-10
CALVAR Y BELIEVERS MINISTRIES INTERNATIONAL TRUSTEES: Rev. Elizabeih Tetteh Harriet Am lo-Agyei Seth R Dodoo George K Agyei REGISTERED OFFICE 68 Riverdale Road Erith Kent DA8 IPX BANKERS: National Westminster Bank Brixlon Branch ACCOUIYTANTS: JSA & ASSOCIATES ACCOUNTANTS Lhalleng)e House 616 Mitchaill Road CRO 3AA
CALVARY BELIEVERS MtNISTRIES IIYTERNATIONAL TRUSTEES, REPORT Thc irustecs have pleasure in subniilling Iheir report and dLcountq for tlie pcriod ended 31 MdrLh 2025. 'Ihe I InanLldl statemei)Is havL becn prlpured in dLLurd<in¢c with the accounlinb tK)IiLIL'S SLI oul on l)agc 8. Lomply wilh thL Stsi¢RILiil ol RLLommLndcd Practice and appliidblc law. Constitulion Ob'eetives of the O Anisation Princl al Activities and Or anisAtlon of our work The Mii)islry is Li)nstilUL.d uiidcr a trusi dL"cd and is rcgislcrLd with IhL Ch<irity ('ommissiun. Thc objLctlVLS of th¢ ChurLh as 5Ct oul in IhL [k"LlallOn ol-I rust are.. Il'l'hL udvanLLmLnl ()I' the c.hris11< I,diili in ihu LlnilLd Kiiigdom and abroad. b) I'l)L riliLI'()r PLr%()n% wh() drL in Londition ol. ncLd. Iiiwd%hip (Ir di%lrn'%s in (he LlnilLd Kingdi)In or ahri)dd. Tli¥ prinLiP¥il u¢tivilics ofihe ¢hiirLh ure C'.hrislian wor%hip And ii)volvemenl ot vuri(ius mini%lriLs and minislLTh Ot rLlig>ion lo propagJatL' Chri%lian iLnLbL8. rclicf of TK)verty. provi%iun ofuvLr%L&% thill Imd d%%i4lancL to ViLtims ol- latninL. 'l-hL LhurLh hu4 iK'cn involvud in christi< program%. IhL.S¢' iirL' dcsigned tv incrc&sL C.hristi¢Ui &w¢nC.S and ihe.%PlL'ud ol'thc go%p¢.l of our I,ord J¢%iis ('hrist. Future Develo ment 'rhL ChurLh will LonLinuL lo l()LUS il% a¢tiviliLS to m¥il IhL objLLtIVL5 01. (he'l rust. Review of financial osition Th¢ nLt incrL'a%e in 'SOurc¥.5 lor IhL pLriod amouniLd to £().409
CALVARY BELIEVERS MINISTRIES INTERNATIONAL
TRUSTEES, REPORT
continued
Statement of Trustees, Res
onsibilities
The Churilius Act wquires the'l'ru5tccs to prepC finanLl¢il 51k1'ment.I for cach finanLidl ycar. which
givc a trne (d fd. ir viLw ot th¢ staiL ol'dltairs ofihc Org1$11n ku)d ol. thL %urplu% ()r dcliLit of the
organisation for that peri(. In prL'paring th() finanLidl statcmenl%. thc trusiL'e% arc rcquLsILd 14)..
elect suitablL aLLounting policic.s and then iipply them Lon%istcnily:
MèthL' judgLments' aJ)d ¢stimatC5 that are reasundblc and pnJd¢nl'
StalL whether appliLablL countIng stsnd¢wds and stal¢ments' of recommended prd¢tice have
been followed. subject Lo any dLPartur¢'s di.sclosed and cxplaincd in IhL finanLidl slatcmenls-
Prepa th¢ fiiidncial gl<ilem¢n15 on the going concLri) bd%i.4 unle$8 it is inapprLTrpri
INDEPENDENT ACCOUNTANTS, REPORT TO THE TRUSTEES OF CALVARY BELIEVERS MINISTRIES INTERNATIONAL Wc ekamined thL financial %tslLmcnt ofcdlvary Bclievers Ministries Interndtional for the yedr ended 31 Mar¢h 2025 scl oul on 6 lu 10. 'I'hcqc finaneidl statements have bcen prL'parLd und¢r thL I lisioriLuI Cost Convention ]d thL acLouniin¥ policii's sct out on pagc 9. Respective Responsibilities of Trustees and Independent Aecountants 'I"hc I ru5fres respiiisibilitlL.% fi)r prL'parinuv tlie"I ruslccs, RcrM)rl and IliL finanLiul 8thlumLnls in accordèiiiLL '1th appliLdblc Ic2W clnd UnitLd Kiiibd()Fn ALLiiuntiiig SiyJ]dards ar¢ scl out in the SIttiL'tncnt of Tru%lLL'S fL'%txinsihililic.4 on page 4 5. WL have been appoinlLd independLni aLLounlanlanls und¢r SL'Llion 43 of Ihe ChariliL% Act 1993 d report in aLLordance with regulaliun.% M(l. undLr S¢Llii)n 44 01. Ihal ALI. Our r¢sponsibility is lo uxaminL tlIL financial 51atcmeiit8 in a¢cordanLL wilh relLvani r¢gulalory rL'quirL'mLnis' 411)d under Lliiit¥d King)d()m ALLiiunlinb> %tui)dard.%. We rekid oihL'r ii)r()m]dliun c()nliiinLd in thi 'l'ruslLes' R¢port und I,inancial %idtcments. and L(>llsidLfL.d ihfti it is consisleni with thL cxttminL'd linancilll .%tdt¢menls. JSA & ASSOCIATF.S ALLounldnis C.hiillLiigL. I Inu%L (J16 Mi(¢h&m Ilowl CIIII .IAA
CALVARY BELIEVERS MINISTRIES INTERNATIONAL STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 MARCH 2025 Notes Unrestricted Restricted Funds Funds Total Total 2024 Incoming Resources Activities in furtherance of the Church's objects Tithes and Offering Bank interest received G ift aid Other income Total Ineoming Resources 34,997 1,549 8.556 1,840 46,942 34,997 1,549 8.556 1,840 46,942 32.991 1.549 8,606 340 43,486 Resources Expended Cost of generating funds Cost of Activities in furtherance of objectives 28,477 28,477 18,422 Charitable Expenditure Management & Administratioii 9,056 9,056 8,969 Total resource expended 37.533 37,533 27J91 Net Movement in funds for the year Prior Year Adjustments Total funds brought fonvard Total funds carried forward 9,409 (1,228) 151,518 9.409 (1,228) 151,518 16.095 221 135,202 159 699 159,699 151518 There were no COgniSed gains or losses for the Deriod other than those included in the Statemeni of Financial Activitie5 The notes on page 9 to l O fomi part of these financial statements.
CALVARY BELIEVERS MINISTRIES INTERNATIONAL BALANCE SHEET AS AT 31 MARCH 2025 Notes 2025 2024 Fixed Assets Tangible Assets 2,090 2,296 Current Assets Cash at bank and in hand 144,145 136.367 Current Liabilities Amounts talling due within one year 400 400 Net Current Assets 143,745 135,967 Total Net Assets 14.S,83S 138,263 Funds Unrestricted Funds Restricted Funds Reserves 144,145 136.367 1.690 14.S,835 1.896 138,263 Approved by the Trustees on:............. and sig)ned on its behlaf by". Gec)rge K Agvei Trustee
CALVARY BELIEVERS MINISTRIES IIYTERNATIONAL NOTES TO THE FINANCIAL STATEMENT FOR YEAR ENDED 31 MARCH 2025 Aceounting Policies l. Basis of preparation of accounts The accounL¥ arL prepared undcr ihe historical c05l convention and include the results of Ihe Organisutiun's op¢ratiofts which are de.%cribed in Ihc-l-ruslees, ReTK)rt and all ol. which are continuing,. 'rhc accounts have beLll prepared in aLLordancc with the StiiL'ment ot ReLommended Practice lor C'.hdrily AcL()ulll5 and Ihu Charili¥4 Aci 2011. 'I'hc ()rgani5ation h&s tuken iidvantrdge of the exempti()n in Financial Rcporting Standd No. I from the r¢'quiremLnt to produLC a ¢&8hn()W 8lalcmcnl on the grounds Ihal il qU4ili1lL% as a Small Organisi1lion. 1.1 Incoming Resource5 Tithes and Offering Income t.rom tithes and oftering, is included in incoming resources when these are receivable. Other Income OiliLr Inu)mL L(Trmprise% illLointy Ir(Iiii w¢llare donations & i)ther donations. it al%0 inLludL gift did. Ihew. are all dcLined as iinrL'striLtL'd f'und.q. 1.2 Tangible Fixed Assets for use by the Organisation and Dcpreciation. Individual lixed ¢L$ co%iing £120 or murc arc capitsli%i'd al L().¥l. 'l-anbsiblc fixLd iisycls for u%¢ b}, Ihc L'.hurch arL %talud al L'o%1 1¢.%% dei)rccicilion. l)¢prL'Liation 1% prDvidL'd al ru(L.4 calLLiliilLd to write <)Il'ihL LClSt or V1( lii(Ili<)n i)I' tixcd i).%%LI%. lc.ss IhLir L.%timalcd rL"5idual vuluL, ()VLr IIILif LXP¥LILd ilbLlul IIVLS on thL Ivlloi%'in&J biL%i%.' Eciuipinint. fixluri% & fitliiigs 211'/u annum Motor VLhiLI¥ 2110/u cinnuni 'l-hL ()rgani%alion l)&$ lak¥ii advantdgc ol. (l)c exemption iii l.Ill<inLldl IILPOrting %(cind<ird No. I fron) thL rLquir¢mLnt to produce a Cil8hficiw sialLincnl on Ihc ground% Ihal il quiililiL.s as a bmdll Lnlily. 1.3 Value Added Tax Valu¢ Added Tax is not reLovcrabl¢ by the org11%1[1n. and ils Such 1% inLluded in thL iylevanl u)sts iii Ihe %ialement of financial ALliviiies.
1.4 Resources expended RcsourLes exnded arc includcd in thc Stdtemenl ol. l.'inancial aLtivitics on an accruals basis. Certain co.sts have been apportioTred beiween Cosl of ALlivilies in Furtherance ofobjLLlives und Munugemunl und Adminislration on ihe bases consislenl with the use of those r¢sources. 1.5 Funds Accounting Fund% httld by the C.hurily: UnrL%trictL'cI gTcneTdl liind - eomprising tunds which can be iis¢d in ac¢ordan¢e with the charilahle objLLls ai ihL diserction ot the Irustc¢s. Restricled fund8 - which were r1£ iscd for particul{ rcstricttid purposes and can only k used for those partiLular rL8lriLILd purpo%L% within Ihc ubjccls ol-thc C'hurch. 2. Cost of Activities in furtherance of objectives Unrestricted Restricted 2025 2024 Rent Lhildren's Ministry Instruments & Equipment Ministration Costs Beach 'l'rip Donantions & Missionary Costs Traininb Sale&7uardinb & Conferences bood and Drinks 17.963 1,815 232 730 995 5,409 1.333 17.963 1.815 232 730 995 5,409 1,333 9,513 1,806 2,595 2,293 850 935 430 18,422 28,477 28,477 3. Management and Administration Unrestricted Restricted 2025 2024 Printing,. Postatge & Staionery Bank Charges & interest Insurance Book.8 and SLibscriptions Repairs & Mainten<Y)ce Salary & Allowances Depreciation Ac¢ounlancy & Legal Fees Sundry Expenses 172 172 397 239 200 30 6.950 906 400 239 200 30 6.950 906 400 159 667 6,250 766 400 489 8,969 9,056 10