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2021-03-31-accounts

Calvary Chapel Woolacoombe

Trustees: Jason Thorpe Robert Dingman Andrew Ley Pastors: Jason Thorpe Governing Document: Memorandum and Articles Incorporated 01/10/2004 Registered Charity Number: 1106397 Company Number: 05247749 Charity Principal Address: Methodist Church Building 1 Beach Road Woolacombe Devon EX34 7BP Accounts Prepared By: Oliver Bliss

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CALVARY CHAPEL WOOLACOOMBE Annual Report - Year Ended 31st March 2021

Contents

Contents
Objectives and Achievements 3
Objects of the Charity 3
Fiscal 2021: Objectives and Achievements 3
Grant Making Policy 4
Financial Review 4
Declaration 4
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8
1. Accounting Policies 8
General Information 8
Statement of Compliance 8
Going Concern 8
Incoming Resources 9
Expenditure and Liabilities 9
Fixed Assets 9
2. Analysis of Incoming Resources 10
3. Analysis of Resources Expended 11
4. Details of Certain Items of Expenditure 12
5. Staf Costs 13
6. Grant Making 13
7. Fixed Assets 14

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CALVARY CHAPEL WOOLACOOMBE Annual Report - Year Ended 31st March 2021

8. Debtors and Prepayments 15
9. Creditors and Accruals 15
10. Movement in Funds 16

pg 3

CALVARY CHAPEL WOOLACOOMBE Annual Report - Year Ended 31st March 2021

Objectives and Achievements

Objects of the Charity

The Charity’s Objects (the Objects) are the advancement of Christianity for the benefit of the public in accordance with the following:

a) The advancement of Christianity

b) To relieve poverty, sickness and distress in accordance with Christian principals

Fiscal 2021: Objectives and Achievements

Achievements and Performance

3) The pastor and various others have studied through the book of James on a Tuesday night and are currently in 1 Samuel4) The pastor and various others have met on a Thursday night for various topical studies including - Prayer life of the believer, Fruits of the Spirit, Jesus in the OT

5) The pastor has continued serving in the community by assisting twice weekly at the local food bank with The Salvation Army, Leading and attending joint prayer meetings with the various local churches, working with the local churches on various projects surrounding the homeless.

9) The pastor has continued to produce short video teachings for the Ilfracombe Junior school Assemblies twice monthly

pg 4

CALVARY CHAPEL WOOLACOOMBE Annual Report - Year Ended 31st March 2021

10) Youth Pastor has maintained contact with the regular youth and has met with them online and at the local skate park on a regular basis.

11) Two members of the fellowship distribute tracts and have outreach conversations two to three nights a week within the local community

Grant Making Policy

Gifts to external organisations and individuals are considered by the Trustees on the basis of need and fulfilment of the charitable activities. There are no upper or lower limits of support.

Financial Review

The Charity’s primary source of funds is from free-will offerings received from those regularly attending the Sunday services as well as various other supporters to the objectives of the Charity.

The Charity also operates a Car Park at the Methodist church as a means of generating income.

Declaration

The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees:

Jason Thorpe (Chairman) Date: 02/09/2021

pg 5

CALVARY CHAPEL WOOLACOOMBE Annual Report - Year Ended 31st March 2021

Statement of Financial Activities

For the Year Ended 31st March 2021

Income and Expenditure Account

Unrestricted
Fund 2021
Restricted
Funds 2021
Total Funds
2021
Total Funds
2020
Note £
£
£
£
Income
Voluntary Income
2		 27,975
-
27,975
21,153
Activities for Generating Funds
2		 3,255
-
3,255
6,710
Investment Income
2		 81
-
81
125
Charitable Activities
2		 -
-
-
4
Total Income 31,311
-
31,311
27,992
Expenditure
Charitable Activities
3,4,5,6		 15,482
-
15,482
22,769
Activities for Generating Funds
3		 6,000
-
6,000
6,000
Governance Costs
4		 557
-
557
1,190
Total Expenditure 22,039
-
22,039
29,959
Net Income (Expenditure) 9,272
-
9,272
(1,967)
Net Movement in Funds 9,272
-
9,272
(1,967)
Reconciliation of Funds
Total Funds Brought Forward 3,951
3,951
5,918
Total Funds Carried Forward 13,223
13,223
3,951
pg 6

CALVARY CHAPEL WOOLACOOMBE Annual Report - Year Ended 31st March 2021

Balance Sheet

Balance Sheet Balance Sheet Balance Sheet Balance Sheet
At 31st March 2021
2021
2020
Note £
£
£
£
Fixed Assets
Tangible Assets
7		 423
1,001
Current Assets
Debtors
8		 2,848 3,260
Cash in Bank and in hand 16,142 85
Total Current Assets 18,990 3,345
Current Liabilities
Creditors
9		 (6,190) (395)
Net Current Assets 12,800 2,950
Net Assets 13,223 3,951
Funds of the Charity
General Fund 13,223 3,951
Total Funds 13,223 3,951

These financial statements were approved by the board of trustees and signed on their behalf, on 02/09/2021

Signed on behalf of the charity’s trustees: Jason Thorpe (Chair)

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CALVARY CHAPEL WOOLACOOMBE Annual Report - Year Ended 31st March 2021

Notes to the Financial Statements

For the Year Ended 31st August 2020

1. Accounting Policies

General Information

Calvary Chapel Woolacombe is a limited company registered in England and Wales. The registered charity number, company number and address of the charity is given in the charity information on page 1.

Statement of Compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), Companies Act 2006 and Charities Act 2011.

Calvary Chapel Woolacombe Limited is a Public Benefit Entity as defined by FRS 102.

Going Concern

The charity has a number of regular donors, giving the trustees reasonable confidence that sufficient funding will be secured beyond the current year. The trustees have assessed the level of funds held, in addition to the cash flow needs of the charity, concluding with confidence that it will be able to continue in its operation.

Fund Accounting Policies

The General Fund is not subject to any restrictions regarding its particular use and is available for applicable of general purposes of the charity.

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CALVARY CHAPEL WOOLACOOMBE Annual Report - Year Ended 31st March 2021

Notes to the Financial Statements - Continued

Incoming Resources

All incoming resources are included in the Statement of Financial Activities (SoFA) when; the charity is legally entitled to the resources; the trustees are virtually certain they will receive the resources; and the monetary value can be measured with sufficient reliability.

Donations are only included in the SoFA when the charity has unconditional entitlement to the resources.

Where incoming resources have related expenditure, the incoming resources and related expenditure are reported gross in the SoFA.

Incoming resources from Gift Aid tax reclaims are included in the SoFA at the same time as the gift to which they relate.

The value of voluntary help received is not included in the accounts but is described in the trustee’s annual report.

Investment income is included in the accounts when receivable.

Expenditure and Liabilities

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. It is probable that the paying out of resources will be required in settlement and the amount of the obligation can be measured reliability.

The charity makes grants to individuals and other institutions to further its charitable objectives.

Governance costs of the charity are accurately recorded. These costs include those associated with preparation and examination of accounts, trustee meetings, trustee legal advice and expenditure incurred on the strategic management of the charity.

Fixed Assets

Tangible fixed assets which cost £500 or more and used for more than one year are capitalised. They are valued at cost price or a reasonable value on receipt.

Depreciation is calculated on tangible fixed assets using the Straight Line Method, at 25% of the cost per year.

pg 9

CALVARY CHAPEL WOOLACOOMBE Annual Report - Year Ended 31st March 2021

Notes to the Financial Statements - Continued

2. Analysis of Incoming Resources

2021 2020
Note £ £
Voluntary Income
Tithes and Oferings 25,272 17,893
Taxes from Gift Aid 2,703 3,260
27,975 21,153
Activities for Generating Funds
Methodist Car Park 3,255 6,710
Charitable Activities
HMRC Tax Repayment - 125
Investment Income
Interest 81 4
TOTAL 31,331 27,992

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CALVARY CHAPEL WOOLACOOMBE Annual Report - Year Ended 31st March 2021

Notes to the Financial Statements - Continued

3. Analysis of Resources Expended

2021 2020
Note £ £
Charitable Activities
Mission and Ministry
Church Hospitality and Supplies 16 705
Discipleship and Outreach 129 169
Grants Payable 6 1,480 1,396
IT, Media and Music 141 316
Ministerial Staf Salary 5 12,090 16,095
Honoraria - 50
13,856 18,731
Property, Management and Administration
Building - Rent and Utilities 1,048 1,274
Building - Repairs and Upkeep - 1,318
Village Hall Car Park - 640
Insurance - 314
Equipment Depreciation 7 578 492
1,626 4,038
Governance Costs
Methodist Church Car Park 6,000 6,000
Bookkeeping and Accounting 427 882
pg 11

CALVARY CHAPEL WOOLACOOMBE Annual Report - Year Ended 31st March 2021

Independent Examination Independent Examination 130 230
557 1,190
TOTAL 22,039 29,959

4. Details of Certain Items of Expenditure

Trustee Expenses

No trustee was paid for their service as a trustee. The nature of expenses incurred were for: ministry and administrative causes, exclusively and necessary for fulfilling the charity objects

No Trustees were paid expenses in the financial year ended 31st March 2021 No Trustees were paid expenses in the fnancial year ended 31st March 2020


2021

2020
£ £
- -
Fees for Examination of Accounts
2021 2020
£ £
Independent Examiner’s Fees 130 230†

Fees for Examination of Accounts

†The Independent Examination fee for the accounts for the year ended 31st March 2019 was not included in the 2019 accounts as a creditor. The total amount is the sum of the examination fees for the year ended 31st March 2019 (£100) and the year ended 31st March 2020 (£130)

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CALVARY CHAPEL WOOLACOOMBE Annual Report - Year Ended 31st March 2021

Notes to the Financial Statements - Continued

5. Staff Costs

5. Staf Costs
2021 2020
£ £
Ministerial Staf Salary 12,090 15,686
Employer’s National Insurance Costs - -
12,090 15,686

In his capacity as Pastor, J. Thorpe was re-numerated £8,103.04 with no personal expenses. The charity has 1 full-time equivalent employee (There was 1 full-time equivalent employees in 2020).

6. Grant Making

2021 2020
£ £
Grants Made to Institutions
Challenge Ministries 600 600
Life Centre Salford 600 600
Evangelical Alliance 80 80
Hands of Mercy 200 -
1,480 1,280
Grants Made to Individuals
Benevolence and Hrdship - 116
- 116
TOTAL 1,480 1,396

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CALVARY CHAPEL WOOLACOOMBE Annual Report - Year Ended 31st March 2021

Notes to the Financial Statements - Continued

7. Fixed Assets

7. Fixed Assets
Ministry Equipment Administration
Equipment
£ £
Cost at 1st April 2020 1,626 678
Additions - -
Disposals - -
Cost at 31st March 2021 1,626 678
Depreciation at 1st April 2019 1,218 85
Eliminated on Disposal - -
Depreciation for the Year 408 170
Depreciation at 31st March 2020 1,626 255
NETBOOKVALUE
Brought Forward 408 593
Carried Forward - 423

pg 14

CALVARY CHAPEL WOOLACOOMBE Annual Report - Year Ended 31st March 2021

Notes to the Financial Statements - Continued

8. Debtors and Prepayments

8. Debtors and Prepayments
2021 2020
£ £
Gift Aid Recoverable 2,703 3,260
Prepayments and Accrued Income 145
2,848 3,260

9. Creditors and Accruals

9. Creditors and Accruals
2021 2020
£ £
Utilities - 187
Accounting 60 78
Independent Examination 130 130
Methodist Church Car Park Cost 6,000
6,136 395

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CALVARY CHAPEL WOOLACOOMBE Annual Report - Year Ended 31st March 2021

Notes to the Financial Statements - Continued

10. Movement in Funds

Fund Balances
Brought
Forward		 Income Expenditure Net Transfers Fund Balances
Carried
Forward
£ £ £ £ £
Unrestricted Funds
General Fund 3,951 31,311 22,039 N/A 13,223

pg 16

Independent examiner's report on the accounts

Report to the trustees of Calvary Chapel Woolacombe Limited Charity no. 1106397 For the period ended 31[st] March 2021 Set out on pages 6-16 Respective responsibilities of The charity's trustees are responsible for the preparation of the accounts in trustees and examiner accordance with the Charities Act 2011 (“the Act”). The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed

It is my responsibility to:

Basis of independent My examination was carried out in accordance with general Directions given

examiner’s statement by the Charity Commission. 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 unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's In connection with my examination, no material matters have come to my

statement attention which gives me cause to believe that in, any material respect: • the accounting records were not kept in accordance with section 130 of the Charities Act; or

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Date: 16/09/2021 Name: Magnus Proctor FFA

Professional qualification Fellow of the Institute of Financial Accountants

Address: Lindisfarne, Landkey Road, Barnstaple, Devon, EX32 9BW