Calvary Chapel Woolacombe Annual Report & Accounts Year Ended 31 st March | 2022
Calvary Chapel Woolacombe Limited
Trustees
Jason Thorpe (Chairman) Robert Dingman Andrew Ley
Pastors Jason Thorpe
Governing Document Memorandum and Articles Incorporated 01/10/2004 Registered Charity Number 1106397 Company Number 05247749 Charity Principle Address Methodist Church Building 1 Beach Road Woolacombe Devon EX34 7BP Accounts Prepared By Bliss Accounts
CALVARY CHAPEL WOOLACOMBE Annual Report - Year Ended 31st March 2022
Contents
| Objectives and Achievements | 2 |
|---|---|
| Financial Review | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Summary Income and Expenditure Account | 7 |
| Notes to the Financial Statements | 8 |
| 1. Accounting Policies | 8 |
| 2. Analysis of Income | 10 |
| 3. Donated Goods, Facilities and Services | 11 |
| 4. Analysis of Expenditure on Raising Funds | 12 |
| 5. Analysis of Expenditure on Charitable Activities | 13 |
| 6. Trustee Expenses | 15 |
| 7. Independent Examiner's Remuneration | 15 |
| 8. Grant-making Activities | 15 |
| 9. Staff Costs, Employee Benefts and Trustees Remuneration | 16 |
| 10. Fixed Assets | 17 |
| 11. Debtors | 18 |
| 12. Creditors | 18 |
| 13. Summary of the Assets and Liabilities of each Category of Fund | 19 |
| 14. Movement in Funds | 20 |
| 15. Related Party Transactions | 21 |
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CALVARY CHAPEL WOOLACOMBE Annual Report - Year Ended 31st March 2022
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 principles.
Activities of the Charity
Calvary Chapel Woolacombe’s statement of faith is to make disciples to make disciples. We are very Blessed to have a ministry with children spanning from the work we do in the local schools, i.e Ilfracombe Academy and Ilfracombe junior academy where we run Christian Union and Assemblies , to the youth clubs run on a Friday night and the Sunday school every Sunday. We invite the local community at every occasion to take part in the various youth outreaches like the Easter and Christmas crafts and the Light parties and also the skateboarding competitions we run every three months. We have a skateboarding night every Wednesday which is open to older skaters and in all above mentioned, there is a brief Bible Study. Sunday services are open to all every Sunday. We serve the elderly by singing at the local care homes every Christmas and twice monthly, we prepare a meal for the lunch club which is for 20+ 75-85 year old locals. We aim to have the church building prepared this year for a much wider variety of outreaches and for the building to be more open to the community on an everyday basis.
Achievements and Performance, Year Ended 31st March 2022
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1) The fellowship continues to meet weekly on a Sunday morning. All services are now livestreamed for those who are unable to be at the service physically. Once a month we have Holy Communion and a bring and share meal at the church building or another prearranged venue.
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2) The pastor has taught expositionally through 2 John, 3 John, Jude and Revelation on Sundays. We are currently studying the book of Genesis.
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3) The fellowship meets on a Thursday night for Home group. We are currently studying the book of 2 Samuel.
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4) The pastor leads a Christian Union study every Thursday at the local academy and every second Thursday at the Junior Academy in Ilfracombe.
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5) The pastor volunteers at the Salvation Army in Ilfracombe and serves whenever needed. He leads various Bible studies for various churches as they request him to.
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6) The fellowship holds joint prayer services with various other churches in the area every three months and attends at the other churches once a month.
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7) Wednesday nights the church is open for skateboarding and fellowship to young adults from the Woolacombe community
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8) Every Friday night is youth night. The youth volunteer workers are teaching through the book of John. Every second and fourth Friday we also have a junior youth club for those up to the age of 12.
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9) There is a weekly men’s prayer meeting at Ilfracombe harbour on Friday mornings and the ladies have a prayer meeting twice a month on Friday afternoons
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10) The pastor is mentoring two couples who are getting married this year and going through the study material of 'Your masterpiece Marriage' by Jansen.
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CALVARY CHAPEL WOOLACOMBE Annual Report - Year Ended 31st March 2022
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11) The pastor attends the local ministers fraternal once monthly
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12) The fellowship held an Easter craft day, a Christmas craft day and a light party as an alternative to Halloween which includes games and activities for younger children and parents.
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13) The pastor cooks a meal for 20+ people once or twice a month for the local elderly people who attend the lunch club.
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14) Our fellowship is Blessed to have two gifted evangelists who share the Gospel on the streets of Ilfracombe twice weekly.
We plan to have the church building open more regularly throughout the week with coffee space and movie nights. During this Summer, we plan to have open air services on the promenade in Woolacombe and continue with our various outreach events at the church building. Extensive work has been done on the inside of the church and out to make it more appealing visually and more inviting to anyone. Gardens surrounding the church are undergoing massive improvements and the entire interior has been repainted. The fellowship has resurfaced the youth area and resurfaced the skate ramp with addition of two more ramps. We will be rebuilding our kitchen this year and installing new heating before winter. BY HIS GRACE
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CALVARY CHAPEL WOOLACOMBE Annual Report - Year Ended 31st March 2022
Financial Review
Financial Position
The trustees are happy with the current financial position and look forward to seeing how God further provides for the expansion of this ministry
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.
Reserves Policy
Keeping in line with the Charity’s future plans it has a policy to hold sufficient reserves to be able to respond in a timely manner to any opportunity presented that would allow the Charity to achieve those plans. Current reserves are minimal for meeting such possible opportunities. The Charity has reserves of which its value must be available as a liquid asset at all times. These reserves are equal to 3 months of average total expenditure.
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.
Spending and Reimbursement Policy
All money spent from someone’s own personal account with the intention of being reimbursed by the church, must either be by a trustee, or under the direction of/agreed by a trustee. If a trustee is planning to spend over £1,000 for the charity, this must also be approved by at least one other trustee.
Principal Sources of Funding The charity’s principal source of funds is from voluntary donations received from those regularly attending the Sunday services as well as various other supporters of the objectives of the charity.
Declaration
The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees:
Jason Thorpe (Chairman) Date: 12/07/2022
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CALVARY CHAPEL WOOLACOMBE Annual Report - Year Ended 31st March 2022
Statement of Financial Activities
For the Year End Ended 31st Mar 2022
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||
| Note | 2022 | 2022 | 2022 | 2021 | ||
| Income | ||||||
| Donations and Legacies | 2 | 33,083 | - | 33,083 | 27,975 | |
| Charitable Activities | - | - | - | 3,255 | ||
| Other Trading Activities | 2 | 3,680 | - | 3,680 | ||
| Investments | - | - | - | |||
| Other Income | 2 | 6 | - | 6 | 81 | |
| Total Income | 36,769 | - | 36,769 | 31,311 | ||
| Expenditure | ||||||
| Raising Funds | 4 | 5,000 | - | 5,000 | 6,000 | |
| Charitable Activities | 5 | 24,689 | - | 24,689 | 16,039 | |
| Total Expenditure | 29,689 | - | 29,689 | 22,039 | ||
| Net Income (Expenditure) | 7,080 | - | 7,080 | 9,272 | ||
| Net Movement in Funds | 7,080 | - | 7,080 | 9,272 | ||
| Reconciliation of Funds | 13-14 | |||||
| Total Funds b/fwd | 13,223 | - | 13,223 | 3,951 | ||
| Total Funds c/fwd | 20,303 | - | 20,303 | 13,223 |
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CALVARY CHAPEL WOOLACOMBE Annual Report - Year Ended 31st March 2022
Balance Sheet
At 31st Dec 2022
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |||
| Fixed Assets | |||||||
| Tangible Assets | 10 | 9,004 | 423 | ||||
| Current Assets | |||||||
| Debtors | 11 | 2,984 | 2,848 | ||||
| Cash in Bank and in Hand | 12,493 | 16,142 | |||||
| Total Current Assets | 15,477 | 18,990 | |||||
| Liabilities | |||||||
| Creditors: Amount falling due within one year |
12 | (4,178) | (6,190) | ||||
| Net Current Assets | 11,299 | 12,800 | |||||
| Net Assets | 20,303 | 13,223 | |||||
| 5 | |||||||
| The Funds of the Charity | 13-14 | ||||||
| Unrestricted Funds | 20,303 | 13,223 | |||||
| Restricted Funds | - | - | |||||
| Total Funds | 20,303 | 13,223 |
These financial statements were approved by the board of trustees and signed on their behalf, on 12/07/2022
Signed on behalf of the charity’s trustees: Jason Thorpe (Chair)
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CALVARY CHAPEL WOOLACOMBE Annual Report - Year Ended 31st March 2022
Summary Income and Expenditure Account
For the Year End Ended 31st Mar 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | |||
| Income | 36,769 | 31,230 | ||
| Gains/(losses) on investments | - | - | ||
| Interest and investment Income | - | 81 | ||
| Gross Income in the Reporting Period | 36,769 | 31,311 | ||
| Expenditure | 28,723 | 21,631 | ||
| Interest Payable | - | - | ||
| Depreciation and charges for the impairment of Fixed Assets | 966 | 408 | ||
| Total Expenditure in the Reporting Period | 29,689 | 22,039 | ||
| Net Income (Expenditure) before tax | 7,080 | 9,272 | ||
| Tax Payable | - | - | ||
| Net Income (Expenditure) for the fnancial year | 7,080 | 9,272 | ||
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CALVARY CHAPEL WOOLACOMBE Annual Report - Year Ended 31st March 2022
Notes to the Financial Statements
For the Year End Ended 31st Dec 2022
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 Funds are not subject to any restrictions regarding their particular use and are available for applicable general purposes of the charity.
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.
Fixed Assets
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CALVARY CHAPEL WOOLACOMBE Annual Report - Year Ended 31st March 2022
Notes to the Financial Statements - Continued
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
Inventory
Stocks held for sale as part of non-charitable trade are measured at the lower of cost or net realisable value.
Donated goods are measured at their fair value, unless it is impractical to measure reliably the fair value of donated item(s). When there is no direct evidence of fair value for an equivalent item, a value is derived from: the cost of the item to the donor; or in the case of goods that are expected to be sold, the estimated resale value after deducting the cost to sell the goods.
Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Judgements in Applying Accounting Policies
In the application of the church's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates but are unlikely to be material.
Cash at Bank and In Hand
Cash at bank and in hand includes cash and short-term highly liquid investments with short maturity of three months or less from the date of acquisition or opening of the deposit or similar amount.
Financial Instruments
The church only has financial assets and financial liabilities of a kind that qualify as basic financial Instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method
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CALVARY CHAPEL WOOLACOMBE Annual Report - Year Ended 31st March 2022
Notes to the Financial Statements - Continued
2. Analysis of Income
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Tota | l | Unrestricted | Restricted | Total | |||
| Funds | Funds | Funds | Funds | Funds | Funds | ||||
| £ | £ | £ | £ | £ | £ | ||||
| Donations and Legacies | |||||||||
| Freewill Offerings | 20,551 | - | 20,551 | 25,272 | - | 25,272 | |||
| Donated Goods | 10,000 | 10,000 | |||||||
| Tax Recoverable - Gift Aid | 2,532 | - | 2,532 | 2,703 | - | 2,703 | |||
| 33,083 | - | 33,083 | 27,975 | - | 27,975 | ||||
| Other Trading Activities | |||||||||
| Methodist Church Car Park | 3,680 | - | 3,680 | 3,255 | - | 3,255 | |||
| Investment Income | |||||||||
| Bank Interest | - | - | - | 79 | - | 79 | |||
| Other Income | |||||||||
| HMRC Gift Aid Interest | 6 | - | 6 | 2 | - | 2 | |||
| Total | 36,769 | - | 36,769 | 31,311 | - | 31,311 |
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CALVARY CHAPEL WOOLACOMBE Annual Report - Year Ended 31st March 2022
Notes to the Financial Statements - Continued
3. Donated Goods, Facilities and Services
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | |||
| Donated Goods | 10,000 | - | ||
| Donated Facilities | - | - | ||
| 10,000 | - | |||
| Number of Unpaid General Volunteers | 2022 | 2021 | ||
| Church Services - Hospitality and Operations | 6 | 6 | ||
| Church Services - Discipleship and Outreach | 2 | 2 | ||
| Church Services - Sunday School Teachers | 7 | 7 | ||
| Church Outreach - Youth Group | 8 | 8 | ||
| Church Discipleship - Bible Studies | 2 | 2 | ||
| 25 | 25 |
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CALVARY CHAPEL WOOLACOMBE Annual Report - Year Ended 31st March 2022
Notes to the Financial Statements - Continued
4. Analysis of Expenditure on Raising Funds
| 2022 | 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Activities | Grant | Activities | Grant | |||||||||
| Undertaken | Funding of | Support | Undertaken | Funding of | Support | |||||||
| Directly | Activities | Costs | Total | Directly | Activities | Costs | Total | |||||
| Note | £ | £ | £ | £ | £ | £ | £ | £ | ||||
| Expenditure on Raising Funds | ||||||||||||
| Methodist Church Car Park Fees | 5,000 | - | - | 5,000 | 6,000 | - | - | 6,000 |
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CALVARY CHAPEL WOOLACOMBE Annual Report - Year Ended 31st March 2022
Notes to the Financial Statements - Continued
5. Analysis of Expenditure on Charitable Activities
| 2022 | 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Activities | Grant | Activities | Grant | |||||||||
| Undertaken | Funding of | Support | Undertaken | Funding of | Support | |||||||
| Directly | Activities | Costs | Total | Directly | Activities | Costs | Total | |||||
| Note | £ | £ | £ | £ | £ | £ | £ | £ | ||||
| Mission and Ministry | ||||||||||||
| Discipleship and Outreach | 414 | 26 | 440 | 129 | - | 129 | ||||||
| Hospitality and Supplies | 265 | 265 | 16 | 16 | ||||||||
| Grants Payable - Organisations | 8 | 2,200 | 2,200 | 1,480 | 1,480 | |||||||
| 679 | 2,200 | 26 | 2,905 | 145 | 1,480 | - | 1,625 | |||||
| Property, Management and Administration |
||||||||||||
| Building - Rent and Utilities | 966 | 966 | 1,048 | 1,048 | ||||||||
| Building - Repairs, Upkeep, Minor Furnishings |
810 | 810 | - | |||||||||
| Fixed Asset Depreciation | 10 | 1,420 | 1,420 | 578 | 578 | |||||||
| IT, Media and Music | 409 | 409 | 141 | 141 | ||||||||
| Insurance | 35 | 35 | - | |||||||||
| Employee Pay | 9 | 15,254 | 15,254 | 12,090 | 12,090 | |||||||
| Employee Parsonage | 100 | 100 | - | |||||||||
| Accounting | 455 | 455 | 427 | 427 | ||||||||
| Independent Examination | 7 | 135 | 135 | 130 | 130 | |||||||
| Historic Corporation Tax Return Penalties | 2,200 | 2,200 | ||||||||||
| Offce Expenses and Postage | - | - |
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CALVARY CHAPEL WOOLACOMBE Annual Report - Year Ended 31st March 2022
Notes to the Financial Statements - Continued
| Other Administration Expenditure | - | - | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 18,994 | - | 2,790 | 21,784 | 13,857 | - | 557 | 14,414 | ||||
| 19,673 | 2,200 | 2,816 | 24,689 | 14,002 | 1,480 | 557 | 16,039 |
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CALVARY CHAPEL WOOLACOMBE Annual Report - Year Ended 31st March 2022
Notes to the Financial Statements - Continued
6. Trustee Expenses
No trustee was paid for their service as a trustee. The nature of expenses incurred were for: ministry, administrative and subsistence causes, exclusively and necessary for fulfilling the charity objects
0 Trustee was paid expenses in the financial year ended 31 March 2021 0 Trustee was paid expenses in the financial year ended 31 March 2020
7. Independent Examiner's Remuneration
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Independent Examiner’s Fees | 135 | 130 |
8. Grant-making Activities
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Grants made to Institutions | ||||||
| Resourcing mission and ministry in accordance with the Charity Objects: | ||||||
| Creation Fest | 1,000 | - | ||||
| Challenge Ministries | 600 | 600 | ||||
| Life Centre Salford | 600 | 600 | ||||
| Evangelical Alliance | - | 80 | ||||
| Hands of Mercy | - | 200 | ||||
| 2,200 | 1,480 | |||||
| Grants made to Individuals | ||||||
| Resourcing mission and ministry in accordance with the Charity Objects: | ||||||
| Benevolence and hardship | 116 | |||||
| - | 116 | |||||
| Total | 2,200 | 1,596 |
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CALVARY CHAPEL WOOLACOMBE Annual Report - Year Ended 31st March 2022
Notes to the Financial Statements - Continued
9. Staff Costs, Employee Benefits and Trustees Remuneration
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Average number of staff employed during the reporting period | 1 | 1 | |||
| £ | £ | ||||
| Staff Costs and Employee Benefts | |||||
| Wages and Salaries | 15,254 | 13,700 | |||
| Employer's Social SecurityCosts | - | - | |||
| Employer's Contribution to Pension Schemes | - | - | |||
| Other Employee Benefts | - | - | |||
| 15,254 | 13,700 | ||||
| No employees received employee benefts of more than £60,000 | |||||
| By provision of the charity's Governing Document, in his capacity as pastor, J.Thorpe was remunerated £14,863 with nil personal expenses (£8,103 and nil personal expenses in 2021). This salary payment was in relation to their ministerial role,and not their trustee role. There were nopension contributions made. |
No employees received employee benefits of more than £60,000
By provision of the charity's Governing Document, in his capacity as pastor, J.Thorpe was remunerated £14,863 with nil personal expenses (£8,103 and nil personal expenses in 2021). This salary payment was in relation to their ministerial role, and not their trustee role. There were no pension contributions made.
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CALVARY CHAPEL WOOLACOMBE Annual Report - Year Ended 31st March 2022
Notes to the Financial Statements - Continued
10. Fixed Assets
| Fixtures, Fittings and Equipment |
Fixtures, Fittings and Equipment |
|||
|---|---|---|---|---|
| Ministry | Church Building | |||
| Equipment | Kitchen | Total | ||
| £ | £ | £ | ||
| Cost or Valuation | ||||
| At 1 Apr 2021 | 2,304 | - | 2,304 | |
| Additions | - | 10,000 | 10,000 | |
| Disposals | - | - | - | |
| Revaluations | - | - | - | |
| Transfers | - | - | - | |
| At 31 Mar 2022 | 2,304 | 10,000 | 12,304 | |
| Depreciation and Impairments | ||||
| At 1 Apr 2021 | 1,881 | - | 1,881 | |
| Disposals | - | - | - | |
| Depreciation | 170 | 1,250 | 1,420 | |
| Impairment | - | - | - | |
| Transfers | - | - | - | |
| At 31 Mar 2022 | 2,050 | 1,250 | 3,300 | |
| Net Book Value at 1 Apr 2021 | 423 | - | 423 | |
| Net Book Value at 31 Mar 2022 | 254 | 8,750 | 9,004 |
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CALVARY CHAPEL WOOLACOMBE Annual Report - Year Ended 31st March 2022
Notes to the Financial Statements - Continued
11. Debtors
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | |||
| Prepayments and Accrued Income | ||||
| Insurance | 265 | - | ||
| Discipleship and Outreach | 54 | - | ||
| Rent and Utilities | - | 414 | ||
| 319 | 414 | |||
| Other Debtors | ||||
| Tax Recoverable - Gift Aid | 2,532 | 2,703 | ||
| Total | 2,851 | 3,117 |
12. Creditors
| 2022 | 2021 | |||
|---|---|---|---|---|
| Accruals and Deferred Income | £ | £ | ||
| Accrued Utilities | - | 187 | ||
| Other Creditors | ||||
| Taxation and Social Security | 2,233 | - | ||
| Accountancy Fees | 177 | 60 | ||
| Independent Examination | 135 | 130 | ||
| Methodist Church Car Park Fees | - | 6,000 | ||
| 2,545 | 6,190 | |||
| Total | 2,545 | 6,377 |
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CALVARY CHAPEL WOOLACOMBE Annual Report - Year Ended 31st March 2022
Notes to the Financial Statements - Continued
13. Summary of the Assets and Liabilities of each Category of Fund
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | ||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
| Funds | Funds | Funds | Funds | Funds | Funds | ||
| £ | £ | £ | £ | £ | £ | ||
| Tangible Fixed Assets | 9,004 | - | 9,004 | 423 | - | 423 | |
| Intangible Assets | - | - | - | - | - | - | |
| Debtors | 2,984 | - | 2,984 | 2,848 | - | 2,848 | |
| Cash in Bank and in Hand | 12,493 | - | 12,493 | 16,142 | - | 16,142 | |
| Creditors: Amounts falling due within one year | (4,178) | - | (4,178) | (6,190) | - | (6,190) | |
| 20,303 | - | 20,303 | 13,223 | - | 13,223 |
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CALVARY CHAPEL WOOLACOMBE Annual Report - Year Ended 31st March 2022
Notes to the Financial Statements - Continued
14. Movement in Funds
| 14. Movement in Funds | |||||
|---|---|---|---|---|---|
| Fund | Fund | ||||
| Balances | Balances | ||||
| Brought | Net | Carried | |||
| Forward | Income | Expenditure | Transfers | Forward | |
| £ | £ | £ | £ | £ | |
| Unrestricted Funds General Fund |
13,223 | 36,769 | (29,689) | - | 20,303 |
| Total Funds | 13,223 | 36,769 | (29,689) | - | 20,303 |
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CALVARY CHAPEL WOOLACOMBE Annual Report - Year Ended 31st March 2022
Notes to the Financial Statements - Continued
15. Related Party Transactions
Transactions with related parties have been disclosed in note 5. 'Trustee Expenses' and note 8. 'Staff Costs, Employee Benefits and Trustees Remuneration.'
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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 2022 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:
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examine the accounts under section 145 of the Charities Act,
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• to follow the applicable Directions given by the Charity Commission (under section 145(5)(b) of the Act, and
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to state whether particular matters have come to my attention
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
-
the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
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: 22/09/2022 Name: Magnus Proctor FFA
Professional qualification Fellow of the Institute of Financial Accountants
Address: Lindisfarne, Landkey Road, Barnstaple, Devon, EX32 9BW