## **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**
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 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:
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; 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
29 September 2025
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 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)
3
## **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
4
**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.
5
**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.
6
**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|
7
**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|
8
**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)
(|
|---|---|
9