## **CALVARY TEMPLE UNITED PENTECOSTAL CHURCH**
**REGISTERED CHARITY No: 1105609**
## **FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2023**
THE ACCOUNTING HOUSE COMPANY LIMITED
_**- Bray on Thames -**_
## **CALVARY TEMPLE UNITED PENTECOSTAL CHURCH**
## **31 DECEMBER 2023**
## **INDEX**
||**Page**|
|---|---|
|Information|1|
|Independent Examiner's Report|2|
|Trustees Annual Report|3-4|
|Statement of Accounting Policies|5|
|Balance Sheet|6|
|Notes to the Accounts|7-8|
|Income and Expenditure Account|9|
## **CALVERY TEMPLE UNITED PENTECOSTAL CHURCH**
## **INFORMATION**
## **31 DECEMBER 2023**
|**TRUSTEES:**|**O. Johnson**|**N. Smith**|
|---|---|---|
||**D. Gordon**|**M. Walker**|
||**D.M. Sappleton**|**E. Bushay**|
|**CHARITY NUMBER:**|**1105609 (Registered in England & Wales)**||
**ACCOUNTANTS: The Accounting House Company Limited WeirBank Monkey Island Lane Bray on Thames SL6 2ED BANKERS: HSBC 103 Streatham Hill Streatham London SW2 4UE**
1
**INDEPENDENT EXAMINER'S REPORT TO THE MANAGEMENT COMMITTEE OF**
## **CALVARY TEMPLE - UNITED PENTECOSTAL CHURCH**
We report on the accounts of the Charity for the year ended 31 December 2023 which are attached.
## **Respective responsibilities of trustees and examiners**
As the Charity's management committee, you are responsible for the preparation of the accounts; you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43(7) of the Act, whether particular matters have come to our attention.
## **Basis of independent examiner's report**
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, audit, and consequently we do not express an audit opinion on the view given by the accounts.
## **Independent examiner's statement**
In connection with our examination, no matter has come to our attention:
1. Which gives us reasonable cause to believe that in any material respect the requirements;
- to keep accounting records in accordance with section 41 of the Act; and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act
have not been met; or
2. To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## **THE ACCOUNTING HOUSE COMPANY LIMITED**
WeirBank Monkey Island Lane Bray on Thames SL6 2ED
28 August 2024
2
## **CALVARY TEMPLE UNITED PENTECOSTAL CHURCH**
## **TRUSTEES ANNUAL REPORT**
Calvary Temple United Pentecostal Church is governed by a constitution and is a registered charity. No: 1105609. It's address is at 1 Councillor Street, Camberwell, London SE5 0LY. The Charity's Trustees, during the year ended 31 December 2023 were:
O. Johnson N. Smith D. Gordon M. Walker D.M. Sappleton E. Bushey
The object of the charity is to promote the Christian religion in the South of England. It has the following specific investment powers:-
Power to collect, accept, issue appeals for donations and to do all things that shall further the attainment of the objects of the Church; and,
Power to invest money, real and personal property; and
Power to be at liberty to borrow as required by law.
## **CHARITY'S ACTIVITIES AND ACHIEVEMENTS DURING THE YEAR**
To promote Christian faith through:
Regular Services Regular Sunday School teaching Bible Study Classes Looking After Youth
The structure of the Church comprises of a Pastor, Ministers, Deacons and Sunday School teachers.
The Church holds regular conferences for different age groups of the congregation:-
Liaising with local churches of the local community Liaising with Pentecostal Churches in the UK and throughout the world
Apart from the Pastor, all are volunteers.
The charity did not experience any deficits in it's fund raising activities.
## **RESERVES POLICY**
The Charity has two types of reserve namely a general reserve which represents the unrestricted funds arising from past operating results and includes the fixed assets of the Charity and a Property Revaluation Reserve created to show the enhanced value of the church's freehold property which was vlaued on 6 September 2023. The total of the General Reserve stands at £675,190 (2022: £689,739) and the Property Revaluation Reserve of £2,575,000 (2022- Nil)
3
## **CALVARY TEMPLE UNITED PENTECOSTAL CHURCH**
## **TRUSTEES ANNUAL REPORT (continued)**
## **GIFT AID CLAIMS**
The Charity received Gift Aid claims of nil during the year (2022 nil ).
## **INVESTMENT SELECTION POLICY**
Short term - short term fixed deposit and money market account.
## **REVIEW OF MAJOR RISK**
Health and safety, annual fire inspection to comply with fire regulations.
The Charity has building and public liability insurance covering the buildings.
## **DECLARATION**
I declare, in my capacity of Trustee, that:-
The Trustees have approved the report above and overleaf and have authorised me to sign on their behalf.
………………………………………………………
## **M. WALKER - FINANCE CHAIR**
28 August 2024
4
**CALVARY TEMPLE UNITED PENTECOSTAL CHURCH**
## **STATEMENT OF ACCOUNTING POLICIES**
## **AT 31 DECEMBER 2023**
## 1 **ACCOUNTING POLICIES**
Accounting convention:
These financial statements have been prepared under the historical cost convention.
## 2 **DEPRECIATION**
Depreciation is calculated to write off the cost of the fixed assets over their estimated useful lives on the following annual bases:
Motor vehicles : 25% reducing balance Freehold property : 2% straight line Church furniture and equipment : 20% reducing balance Office furniture and equipment : 15% reducing balance Computers : 25% straight line Portakabin : 10% straight line
## 3 **INCOME AND EXPENDITURE**
All income and expenditure represents unrestricted funds.
5
**CALVARY TEMPLE UNITED PENTECOSTAL CHURCH**
## **BALANCE SHEET**
## **31 DECEMBER 2023**
|**FIXED ASSETS**
Tangible Fixed Assets(Note 1)
Intangible Fixed Assets(Note 2)
**CURRENT ASSETS**
Debtors(Note 3)
Cash at bank
**CURRENT LIABILITIES**
Sundry creditors(Note 4)
**NET CURRENT ASSETS**
**_Represented by:_**
**ACCUMULATED FUNDS **(Note 5)|**UNRESTRICTED**
**FUNDS**
**2023**
**£**
**£**
3,043,804
2,247
3,046,051
66,413
143,562
209,975
5,836
204,139
3,250,190
3,250,190|**2023**
**£**
488,126
2,996|
|---|---|---|
|||491,122|
|||68,829
136,319|
|||205,148
6,531|
|||198,617|
|||689,739|
|||689,739|
These financial statements were approved on behalf of the Council of Management on 28 August 2024.
_**……………………………………………………………….**_
**M. WALKER - Finance Chair**
**……………………………………………………………….**
**J. HALL - Treasurer**
The attached notes form part of the financial statements.
6
**CALVARY TEMPLE UNITED PENTECOSTAL CHURCH**
## **NOTES TO THE ACCOUNTS**
## **31 DECEMBER 2023**
|**1**|**FIXED ASSETS**||**Church**||||||**Office**||
|---|---|---|---|---|---|---|---|---|---|---|
||||**Furniture**|**Freehold**|**Motor**||**Computer**||**Furniture**||
|||**&**|**Equipment**|**Property**|**Vehicles**||**Equipment**||**& Equipment**|**Total**|
||||**£**|**£**||**£**||**£**|**£**|**£**|
||**Cost:**||||||||||
||At 1 January 2023||217,919|750,000|46,906||19,742||42,555|1,077,122|
||Additions||-|2,575,000||-||-|-|2,575,000|
||At 31 December 2023||217,919|3,325,000|46,906||19,742||42,555|3,652,122|
||**Depreciation:**||||||||||
||At 1 January 2023||197,797|290,200|46,640||19,282||35,077|588,996|
||Charge||3,019|15,000||66||115|1,122|19,322|
||At 31 December 2023||200,816|305,200|46,706||19,397||36,199|608,318|
||**Net book value:**||||||||||
||At 31 December 2023||17,103|3,019,800||200||345|6,356|3,043,804|
||At 31 December 2022||20,122|459,800||266||460|7,478|488,126|
||The freehold property is valued at it's open market value||||at|6 September||2023.|The excess of|the|
||open market value at that date over cost,|||has been credited to a proprty revaluation reserve account.|||||||
||||||||||**2023**|**2022**|
|**2**|**INTANGIBLE FIXED ASSETS**||||||||**£**|**£**|
||**Church website**||||||||||
||**Cost:**||||||||||
||Balance at 1 January 2023||||||||34,585|34,585|
||Additions in year||||||||-|-|
||Balance at 31 December|2023|||||||34,585|34,585|
||**DEPRECIATION**||||||||||
||At 1 January 2023||||||||31,589|30,591|
||Charge for the year||||||||749|998|
||At 31 December 2023||||||||32,338|31,589|
||Net book value||||||||2,247|2,996|
|**3**|**DEBTORS**||||||||||
||Loan - Life Tabernacle||||||||50,000|50,000|
||Gift Aid receivable||||||||16,413|16,413|
||Other debtors||||||||-|2,416|
||||||||||66,413|68,829|
7
**CALVARY TEMPLE UNITED PENTECOSTAL CHURCH**
## **NOTES TO THE ACCOUNTS**
## **AT 31 DECEMBER 2023**
|**4**
**CREDITORS**
British Gas
British Telecom
Inland Revenue
Accountancy
**5**
**ACCUMULATED FUND**
**General Fund:**
Balance at 1 January 2022
Net income for the year
Balance at 31 December 2022
**OTHER RESERVES**
**Property Revaluation Reserve:**
Balance at 1 January 2023
Additions in year
Balance at 31 December 2023
**TOTAL RESERVES**|**2023**
**£**
146
594
1,706
3,390
5,836
689,739
14,549)
(
675,190
-
2,575,000
2,575,000
3,250,190|**2022**
**£**
328
385
2,842
2,976|
|---|---|---|
|||6,531|
|||688,800
939|
|||689,739|
|||-
-
-|
|||689,739|
8
**CALVARY TEMPLE UNITED PENTECOSTAL CHURCH**
## **INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 31 DECEMBER 2023**
|**INCOME**
Tithes and offerings
Interest receivable
**EXPENDITURE**
Pastor's salary
Salaries and national insurance
Pension costs
Water rates
Light and heat
Building insurance
Telephone and postage
Printing and stationery
Building repairs and maintenance
Office equipment and maintenance
Motor and travel expenses
Cleaning and caretaking expenses
Hospitality
Computer software costs
Bereavement Fund
Gifts and Special Offerings
Conferences and Retreat expenses
Missions
Youth Department expenses
Men's department
Bank charges
Visiting Ministers' expenses
Accountancy
Hire of equipment
Sundry expenses
Donations
Washroom and toiletry supplies
National Ladies Week
Anniversary expenses
Legal and professional fees
Minister tithes
Courses and training
Love and welfare
Depreciation
**EXCESS OF EXPENDITURE OVER INCOME FOR THE YEAR**|**UNRESTRICTED UNRESTRICTED**
**FUNDS**
**FUNDS**
**2023**
**2022**
**£**
**£**
**£**
165,924
162,281
2,027
276
167,951
162,557
30,000
30,000
7,325
8,324
4,906
2,616
1,354
468
19,606
6,671
6,185
7,608
2,773
4,569
4,598
4,112
9,562
6,351
1,474
1,606
4,082
1,453
22,952
30,148
2,364
1,590
329
697
265
1,860
5,325
874
1,450
900
13,744
14,160
677
1,355
600
600
662
365
1,950
1,450
3,594
3,696
1,022
1,855
1,055
747
-
-
2,724
5,051
300
500
3,545
1,949
4,342
864
2,640
2,870
-
700
1,024
2,100
20,071
13,609
182,500
161,718
14,549)
(
839|
|---|---|
9