CALVARY TEMPLE UNITED PENTECOSTAL CHURCH
REGISTERED CHARITY No: 1105609
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
THE ACCOUNTING HOUSE COMPANY LIMITED
- Bray on Thames -
CALVARY TEMPLE UNITED PENTECOSTAL CHURCH
31 DECEMBER 2024
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 |
CALVARY TEMPLE UNITED PENTECOSTAL CHURCH
INFORMATION
31 DECEMBER 2024
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 117 Balham High Road London SW12 9AS
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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 2024 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:
-
Which gives us reasonable cause to believe that in any material respect the requirements;
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to keep accounting records in accordance with section 41 of the Act; and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act; or
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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
29 September 2025
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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 2024 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 £668,955 (2023: £675,190) and the Property Revaluation Reserve of £2,575,000 (2023 - £2,575,000)
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CALVARY TEMPLE UNITED PENTECOSTAL CHURCH
TRUSTEES ANNUAL REPORT (continued)
GIFT AID CLAIMS
The Charity received Gift Aid claims of nil during the year (2023 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
29 September 2025
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CALVARY TEMPLE UNITED PENTECOSTAL CHURCH
STATEMENT OF ACCOUNTING POLICIES
AT 31 DECEMBER 2024
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.
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CALVARY TEMPLE UNITED PENTECOSTAL CHURCH
BALANCE SHEET
31 DECEMBER 2024
| 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 2024 £ £ 3,025,150 1,685 3,026,835 52,618 169,937 222,555 5,435 217,120 3,243,955 3,243,955 |
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 |
These financial statements were approved on behalf of the Council of Management on 29 September 2025
………………………………………………………………. M. WALKER - Finance Chair ………………………………………………………………. J. HALL - Treasurer
The attached notes form part of the financial statements.
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CALVARY TEMPLE UNITED PENTECOSTAL CHURCH
NOTES TO THE ACCOUNTS
31 DECEMBER 2024
| 1 | FIXED ASSETS | Church | Office | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Furniture | Freehold | Motor | Computer | Furniture | |||||||
| & | Equipment | Property | Vehicles | Equipment | & Equipment | Total | |||||
| £ | £ | £ | £ | £ | £ | ||||||
| Cost: | |||||||||||
| At 1 January 2024 | 217,919 | 3,325,000 | 46,906 | 19,742 | 42,555 | 3,652,122 | |||||
| Additions | - | - | - | - | - | - | |||||
| At 31 December 2024 | 217,919 | 3,325,000 | 46,906 | 19,742 | 42,555 | 3,652,122 | |||||
| Depreciation: | |||||||||||
| At 1 January 2024 | 200,816 | 305,200 | 46,706 | 19,397 | 36,199 | 608,318 | |||||
| Charge | 2,565 | 15,000 | 50 | 86 | 953 | 18,654 | |||||
| At 31 December 2024 | 203,381 | 320,200 | 46,756 | 19,483 | 37,152 | 626,972 | |||||
| Net book value: | |||||||||||
| At 31 December 2024 | 14,538 | 3,004,800 | 150 | 259 | 5,403 | 3,025,150 | |||||
| At 31 December 2023 | 17,103 | 3,019,800 | 200 | 345 | 6,356 | 3,043,804 | |||||
| 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. | |||||||||
| 2024 | 2023 | ||||||||||
| 2 | INTANGIBLE FIXED ASSETS | £ | £ | ||||||||
| Church website | |||||||||||
| Cost: | |||||||||||
| Balance at 1 January 2024 | 34,585 | 34,585 | |||||||||
| Additions in year | - | - | |||||||||
| Balance at 31 December | 2024 | 34,585 | 34,585 | ||||||||
| DEPRECIATION | |||||||||||
| At 1 January 2024 | 32,338 | 31,589 | |||||||||
| Charge for the year | 562 | 749 | |||||||||
| At 31 December 2024 | 32,900 | 32,338 | |||||||||
| Net book value | 1,685 | 2,247 | |||||||||
| 3 | DEBTORS | ||||||||||
| Loan - Life Tabernacle | 34,000 | 50,000 | |||||||||
| Gift Aid receivable | 16,413 | 16,413 | |||||||||
| Other debtors | 2,205 | - | |||||||||
| 52,618 | 66,413 |
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CALVARY TEMPLE UNITED PENTECOSTAL CHURCH
NOTES TO THE ACCOUNTS
AT 31 DECEMBER 2024
| 4 CREDITORS Smartest Energy British Telecom Inland Revenue Accountancy 5 ACCUMULATED FUND General Fund: Balance at 1 January 2024 Net income for the year Balance at 31 December 2024 OTHER RESERVES Property Revaluation Reserve: Balance at 1 January 2024 Additions in year Balance at 31 December 2024 TOTAL RESERVES |
2024 £ 385 594 886 3,570 5,435 675,190 6,235) ( 668,955 2,575,000 - 2,575,000 3,243,955 |
2023 £ 146 594 1,706 3,390 |
|---|---|---|
| 5,836 | ||
| 689,739 14,549) ( |
||
| 675,190 | ||
| - 2,575,000 2,575,000 |
||
| 3,250,190 |
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CALVARY TEMPLE UNITED PENTECOSTAL CHURCH
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
| 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 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 2024 2023 £ £ £ 169,674 165,924 2,789 2,027 172,463 167,951 30,000 30,000 6,240 7,325 4,590 4,906 1,104 1,354 29,455 19,606 8,882 6,185 1,401 2,773 2,203 4,598 6,353 9,562 2,891 1,474 2,207 4,082 23,151 22,952 2,599 2,364 706 329 1,354 265 805 5,325 900 1,450 13,855 13,744 3,482 677 600 600 258 662 2,400 1,950 3,570 3,594 309 1,022 208 1,055 782 2,724 450 300 3,479 3,545 - 4,342 3,224 2,640 750 - 1,274 1,024 19,216 20,071 178,698 182,500 6,235) ( 14,549) ( |
|---|---|
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