Calvary Chapel Woolacombe Annual Report & Accounts Year Ended 31 st March | 2023
Calvar Cha el Woolacombe y p
Annual Report and Accounts
CALVARY CHAPEL WOOLACOMBE
Contents
| Objectives and Achievements | 1 |
|---|---|
| Financial Review | 3 |
| Plans for Future Periods | 3 |
| Reference and Administrative Details | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Summary Income and Expenditure Account | 8 |
| Notes to the Financial Statements | 9 |
| 1. Accounting Policies | 9 |
| 2. Analysis of Income | 11 |
| 3. Donated Goods, Facilities and Services | 11 |
| 4. Analysis of Expenditure on Raising Funds | 13 |
| 5. Analysis of Expenditure on Charitable Activities | 14 |
| 6. Trustee Expenses | 16 |
| 7. Independent Examiner's Remuneration | 16 |
| 8. Grant-making Activities | 16 |
| 9. Staff Costs, Employee Benefts and Trustees Remuneration | 17 |
| 10. Fixed Assets | 18 |
| 11. Debtors | 19 |
| 12. Creditors | 19 |
| 13. Summary of the Assets and Liabilities of each Category of Fund | 20 |
| 14. Movement in Funds | 21 |
| 15. Related Party Transactions | 22 |
CALVARY CHAPEL WOOLACOMBE
Annual Report - Year Ended 30 March 2023
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 2023
The fellowship has continued through the scriptures having completed Revelation and have met every Sunday with the study currently being in the book of Genesis. The fellowship has been steadily growing in numbers with addition of at least 5 families in the last year. This has increased our Sunday school numbers to 23 regular attending children from ages 4 -15 and an addition of 6 infants. There are also families who less regularly attend but have expressed their intention to fellowship with us permanently. When all are present, the number of children from infancy to 16 sits at 35. We have split the Sunday school into three groups and have re-implemented the creche where mothers with children under 4 can mind their children during the service whilst viewing the service on a screen. Our Friday youth group has seen numbers increase steadily with between 15 and 30 teenagers attend. We have continued with our junior youth club also held on a Friday evening before the senior youth every second week and this too has seen an increase in numbers steadily. We are currently having new volunteers dbs checked in order for them to assist in the Sunday school and youth clubs.
The pastor continues to lead assemblies at the local junior academy and leads Christian Union at the Senior Academy. The pastor continues to cook lunch for 20-25 local elderly people every second Tuesday of each month with numbers having increased by 5 in the last year.
The fellowship holds a Thursday home group with the study currently being in the book of 2 Peter. The fellowship meets every first Sunday evening of the month at the church to pray for the fellowship and current items.
The fellowship has held two local outreach events on the beach and in the town of Woolacombe assisted by members of Counties UK. These have been very successful with hundreds of gospel tracts being handed out and at least 5 individuals having accepted Christ as their Saviour. We have had the privilege of baptising 9 people in the last year. The fellowship were fortunate to assist with the 149 refugees from
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CALVARY CHAPEL WOOLACOMBE
Annual Report - Year Ended 30 March 2023
places like Iran, Sudan and Pakistan whilst they were in Ilfracombe awaiting documents from the Government, with clothing, toiletries etc.
The fellowship continues to meet with other local churches once every month to pray over our communities and worship together. The pastor continues to assist at the local Salvation army with the temporary accommodation pods for those who have found themselves in “hard times”. The pastor continues to meet with members of the fellowship for counselling and general catch ups regularly. The fellowship continues to hold events at the church building for evangelism purposes like The light party as an alternative to Halloween and Easter and Christmas craft events. These are largely aimed at the youth but we have seen many parents attend.
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CALVARY CHAPEL WOOLACOMBE
Annual Report - Year Ended 30 March 2023
Financial Review
Financial Position
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.
Although the car park spaces are all rented out, it has been decided that the tenants will receive an invoice once a year. This will be sent out mid September each year and due to this decision, we have, as yet, not received this years payment. The weekly offerings seem to have increased quite substantially since there have been more in attendance but time will tell whether or not that will continue.
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.
Plans for Future Periods
Since our Sunday school and youth groups have grown, we are starting a third group for Sunday school which is for the older children (9-13). With that comes the need for more space. We will be proposing to The Methodists that we submit building plans to extend the building and request funds from them in order to do so. It may take a while, years even to gather the funds if we are unable to get some funding from them but we have had positive responses from them as to what we have already achieved as far as renovations go within the building and they have offered to assist as we progress. We would like to include an office space for the pastor at the church in these alterations and have plans for having the church building utilised far more every week. We have a number of new infants and parents with very young children attending on Sundays and so have seen that the creche is overcrowded. We have implemented a rota for parents to watch over the other children as is allowed and agreed and have started the DBS process in order for that to happen.
Plans for many more outdoor services on the esplanade and beach are underway for next Summer. This year the weather has stunted that somewhat.
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CALVARY CHAPEL WOOLACOMBE Annual Report - Year Ended 30 March 2023
The goal for the youth groups looking ahead is to look out for future leaders within the group and begin with discipling them for a role of leadership in the future. The same applies for the Christian Union at the school where we will be allowing students to lead the studies more regularly with the hope that they will take the lead at a later stage.
We will be assisting the Methodist church by providing them with preachers/teachers on a weekly basis since they have requested that from us.
Reference and Administrative Details
| 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 |
Declaration
The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees:
Jason Thorpe (Chairman) Date: 13/12/2023
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CALVARY CHAPEL WOOLACOMBE Annual Report - Year Ended 30 March 2023
Statement of Financial Activities
For the Year Ended 30 March 2023
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||
| Note | 2023 | 2023 | 2023 | 2022 | ||
| £ | £ | £ | £ | |||
| Income | ||||||
| Donations and Legacies | 2 | 25,723 | - | 25,723 | 33,083 | |
| Charitable Activities | 2 | 7,007 | - | 7,007 | - | |
| Other Trading Activities | 2 | - | - | - | 3,680 | |
| Investments | 2 | - | - | - | - | |
| Other Income | 2 | - | - | - | 6 | |
| Total Income | 32,730 | - | 32,730 | 36,769 | ||
| Expenditure | ||||||
| Raising Funds | 4 | (1,500) | - | (1,500) | (5,000) | |
| Charitable Activities | 5 | (37,438) | - | (37,438) | (24,689) | |
| Total Expenditure | (38,938) | - | (38,938) | (29,689) | ||
| Net Gains(Losses) on Investments | - | - | - | - | ||
| Net Income (Expenditure) | (6,209) | - | (6,209) | 7,080 | ||
| Transfers Between Funds | - | - | - | - | ||
| Gains/(Losses) on Revaluation of Fixed Assets | - | - | - | - | ||
| Other Recognised Gains/(Losses) | - | - | - | - | ||
| Net Movement in Funds | (6,209) | - | (6,209) | 7,080 | ||
| Reconciliation of Funds | 13-14 | |||||
| Total Funds b/fwd | 20,303 | - | 20,303 | 13,223 | ||
| Total Funds c/fwd | 14,094 | - | 14,094 | 20,303 |
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CALVARY CHAPEL WOOLACOMBE
Annual Report - Year Ended 30 March 2023
Balance Sheet
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | ||||
| Fixed Assets | ||||||||
| Intangible Assets | - | - | ||||||
| Tangible Assets | 10 | 7,668 | 9,004 | |||||
| Heritage Assets | - | - | ||||||
| Investments | - | - | ||||||
| Current Assets | ||||||||
| Stocks | - | - | ||||||
| Debtors | 11 | 3,059 | 2,984 | |||||
| Investments | - | - | ||||||
| Cash in Bank and in Hand | 4,019 | 12,493 | ||||||
| Total Current Assets | 7,078 | 15,477 | ||||||
| Liabilities | ||||||||
| Creditors: Amount falling due within one year |
12 | (653) | (4,178) | |||||
| Net Current Assets | 6,426 | 11,299 | ||||||
| Liabilities | ||||||||
| Creditors: Amount falling due after more than one year |
- | - | ||||||
| Net Assets | 14,094 | 20,303 | ||||||
| The Funds of the Charity | 13-14 | |||||||
| Unrestricted Funds | 14,094 | 20,303 | ||||||
| Restricted Funds | - | - | ||||||
| Total Funds | 14,094 | 20,303 |
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CALVARY CHAPEL WOOLACOMBE
Annual Report - Year Ended 30 March 2023
These financial statements were approved by the board of trustees and signed on their behalf, on 13/12/2023
Signed on behalf of the charity’s trustees: Jason Thorpe (Chair)
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CALVARY CHAPEL WOOLACOMBE
Annual Report - Year Ended 30 March 2023
Summary Income and Expenditure Account
For the Year Ended 30 March 2023
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Income | 32,730 | 36,769 | ||
| Gains/(losses) on investments | - | - | ||
| Interest and investment Income | - | - | ||
| Gross Income in the Reporting Period | 32,730 | 36,769 | ||
| Expenditure | (35,872) | (28,723) | ||
| Interest Payable | - | - | ||
| Depreciation and charges for the impairment of Fixed Assets | (3,066) | (966) | ||
| Total Expenditure in the Reporting Period | (38,938) | (29,689) | ||
| Net Income (Expenditure) before tax | (6,209) | 7,080 | ||
| Tax Payable | - | - | ||
| Net Income (Expenditure) for the fnancial year | (6,209) | 7,080 |
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CALVARY CHAPEL WOOLACOMBE
Annual Report - Year Ended 30 March 2023
Notes to the Financial Statements
For the Year Ended 30 March 2023
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 2019), 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.
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CALVARY CHAPEL WOOLACOMBE
Annual Report - Year Ended 30 March 2023
The charity makes grants to individuals and other institutions to further its charitable objectives.
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
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 30 March 2023
Notes to the Financial Statements - Continued
2. Analysis of Income
| 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||||
| Funds | Funds | Funds | Funds | Funds | Funds | ||||
| £ | £ | £ | £ | £ | £ | ||||
| Donations and Legacies | |||||||||
| Freewill Offerings | 22,742 | - | 22,742 | 20,551 | - | 20,551 | |||
| Freewill Offerings from Outside the UK |
- | - | - | - | - | ||||
| Donated Goods | - | - | - | 10,000 | - | 10,000 | |||
| Tax Recoverable - Gift Aid | 2,981 | - | 2,981 | 2,532 | - | 2,532 | |||
| 25,723 | - | 25,723 | 33,083 | - | 33,083 | ||||
| Charitable Activities | |||||||||
| Youth GroupTuck Shop | 161 | - | 161 | - | - | - | |||
| Other Trading Activities | |||||||||
| Methodist Church Car Park | 6,846 | - | 6,846 | 3,680 | - | 3,680 | |||
| Investments | |||||||||
| Bank Interest | - | - | - | - | |||||
| Other | |||||||||
| HMRC Gift Aid Interest | - | - | - | 6 | - | 6 | |||
| Total | 32,730 | - | 32,730 | 36,769 | - | 36,769 |
3. Donated Goods, Facilities and Services
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Donated Goods | - | 10,000 | ||
| Donated Facilities | - | - | ||
| - | 10,000 | |||
| Number of Unpaid General Volunteers | 2023 | 2022 | ||
| Church Services - Hospitality and Operations |
6 | 6 |
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CALVARY CHAPEL WOOLACOMBE Annual Report - Year Ended 30 March 2023
Notes to the Financial Statements - Continued
| Church Services - Discipleship and Outreach |
2 | 2 | ||
|---|---|---|---|---|
| Church Services - Sunday SChool Teachers | 7 | 7 |
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CALVARY CHAPEL WOOLACOMBE
Annual Report - Year Ended 30 March 2023
Notes to the Financial Statements - Continued
4. Analysis of Expenditure on Raising Funds
| 2023 | 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | 2022 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Activities | Grant | Activities | Grant | ||||||||
| Undertaken | Funding of | Support | Undertaken | Funding of | Support | ||||||
| Directly | Activities | Costs | Total | Directly | Activities | Costs | Total | ||||
| £ | £ | £ | £ | £ | £ | £ | £ | ||||
| Expenditure on Raising Funds | |||||||||||
| Methodist Church Car Park Fees | 1,500 | - | - | - | 5,000 | - | - | 5,000 |
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CALVARY CHAPEL WOOLACOMBE
Annual Report - Year Ended 30 March 2023
Notes to the Financial Statements - Continued
5. Analysis of Expenditure on Charitable Activities
| 2023 | 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | 2022 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1,985 | - | 54 | 2,039 | 414 | - | 26 | 440 | |||
| Hospitality - Supplies - Gifts | 488 | - | - | 488 | 265 | - | - | 265 | |||
| IT - Media - Music | 545 | - | - | 545 | 409 | - | - | 409 | |||
| Honorarium | 150 | - | - | 150 | - | - | - | - | |||
| Grants Payable - Organisations | 8 | - | 1,200 | - | 1,200 | - | 2,200 | - | 2,200 | ||
| Grants Payable - Individuals | 8 | - | 1,256 | - | 1,256 | - | - | - | - | ||
| 3,168 | 2,456 | 54 | 5,678 | 1,088 | 2,200 | 26 | 3,314 | ||||
| Property, Management and Administration |
|||||||||||
| Rent and Utilities | 2,771 | - | 2,771 | 966 | - | - | 966 | ||||
| Building Repairs Upkeep and Minor Furnishings |
5,335 | - | 5,335 | 810 | - | - | 810 | ||||
| Fixed Asset Depreciation | 10 | 3,066 | - | 3,066 | 1,420 | - | - | 1,420 | |||
| Insurance | 549 | - | 549 | 35 | - | - | 35 | ||||
| Other Administration Expenditure | - | - | 123 | 123 | - | - | - | - |
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CALVARY CHAPEL WOOLACOMBE
Annual Report - Year Ended 30 March 2023
Notes to the Financial Statements - Continued
| Total wages | 9 | 18,000 | - | - | 18,000 | 15,354 | - | - | 15,354 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employers National Insurance | 9 | 1,293 | - | - | 1,293 | - | - | - | - | ||
| Accountancy | - | - | 478 | 478 | - | - | 455 | 455 | |||
| Independent Examination | 7 | - | - | 145 | 145 | - | - | 135 | 135 | ||
| Historic Tax Return Penalties | - | - | - | - | - | - | 2,200 | 2,200 | |||
| 31,014 | - | 746 | 31,760 | 18,585 | - | 2,790 | 21,375 | ||||
| TOTAL | 34,182 | 2,456 | 800 | 37,438 | 19,673 | 2,200 | 2,816 | 24,689 |
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CALVARY CHAPEL WOOLACOMBE
Annual Report - Year Ended 30 March 2023
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 Trustees were paid expenses in the financial year ended 30 Mar 2023
0 Trustees were paid expenses in the financial year ended 30 Mar 2022
7. Independent Examiner's Remuneration
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Independent Examiner’s Fees | 145 | 135 |
8. Grant-making Activities
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Grants made to Institutions | ||||||
| Resourcing mission and ministry in accordance with the Charity Objects: | ||||||
| Challenge Ministries | 600 | 600 | ||||
| Life Centre Salford | 600 | 600 | ||||
| Creation Fest | - | 1,000 | ||||
| 1,200 | 1,200 | |||||
| Grants made to Individuals | ||||||
| Resourcing mission and ministry in accordance with the Charity Objects: | ||||||
| T. Dedden Ministry Support | 450 | - | ||||
| C. Ward Ministry Support | 276 | - | ||||
| Benevolence and hardship | 530 | - | ||||
| 1,256 | - | |||||
| Total | 2,456 | 1,200 |
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CALVARY CHAPEL WOOLACOMBE
Annual Report - Year Ended 30 March 2023
Notes to the Financial Statements - Continued
9. Staff Costs, Employee Benefits and Trustees Remuneration
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Average number of staff employed during the reporting period | 1 | 1 | |||
| £ | £ | ||||
| Staff Costs and Employee Benefts | |||||
| Wages and Salaries | 18,000 | 15,254 | |||
| Employer's Social Security Costs | 1,293 | - | |||
| Employer's Contribution to Pension Schemes | - | - | |||
| Other Employee Benefts | - | - | |||
| 19,293 | 15,254 | ||||
| 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 £18,000 with nil personal expenses (£14,863 and nil personal expenses in 2022). 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
Notes to the Financial Statements - Continued
Annual Report - Year Ended 30 March 2023
10. Fixed Assets
| Fixtures, Fittings and Equipment |
Fixtures, Fittings and Equipment |
|||
|---|---|---|---|---|
| Ministry | Church Building | |||
| Equipment | Kitchen | Total | ||
| £ | £ | £ | ||
| Cost or Valuation | ||||
| At 1 Apr 2022 | 2,304 | 10,000 | 12,304 | |
| Additions | - | 1,730 | 1,730 | |
| Disposals | - | - | ||
| Revaluations | - | - | ||
| Transfers | - | - | ||
| At 30 Mar 2023 | 2,304 | 11,730 | 14,034 | |
| Depreciation and Impairments | ||||
| At 1 Apr 2022 | 2,050 | 1,250 | 3,300 | |
| Disposals | - | - | - | |
| Depreciation | 170 | 2,896 | 3,066 | |
| Impairment | - | |||
| Transfers | - | |||
| At 30 Mar 2023 | 2,220 | 4,146 | 6,366 | |
| Net Book Value at 1 Apr 2022 | 254 | 8,750 | 9,004 | |
| Net Book Value at 30 Mar 2023 | 84 | 7,584 | 7,668 |
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CALVARY CHAPEL WOOLACOMBE
Annual Report - Year Ended 30 March 2023
Notes to the Financial Statements - Continued
11. Debtors
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Prepayments and Accrued Income | ||||
| Rent and Utilities | - | 414 | ||
| Insurance | - | - | ||
| Discipleship and Outreach | 78 | - | ||
| 78 | 414 | |||
| Other Debtors | ||||
| Tax Recoverable - Gift Aid | 2,981 | 2,703 | ||
| TOTAL | 3,059 | 3,117 |
12. Creditors
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Accruals and Deferred Income | ||||
| Accrued Utilities | 153 | 187 | ||
| 153 | 187 | |||
| Other Creditors | ||||
| Taxation and Social Security | 235 | - | ||
| Accountancy Fees | 120 | 60 | ||
| Independent Examination | 145 | 130 | ||
| Methodist Church Car Park Fees | - | 6,000 | ||
| 500 | 6,190 | |||
| TOTAL | 653 | 6,377 |
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CALVARY CHAPEL WOOLACOMBE
Annual Report - Year Ended 30 March 2023
Notes to the Financial Statements - Continued
13. Summary of the Assets and Liabilities of each Category of Fund
| 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | ||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
| Funds | Funds | Funds | Funds | Funds | Funds | ||
| £ | £ | £ | £ | £ | £ | ||
| Tangible Fixed Assets | 7,668 | - | 7,668 | 9,004 | - | 9,004 | |
| Intangible Assets | - | - | - | - | - | - | |
| Debtors | 3,059 | - | 3,059 | 2,984 | - | 2,984 | |
| Cash in Bank and in Hand | 4,020 | - | 4,020 | 12,493 | - | 12,493 | |
| Creditors: Amounts falling due within one year | (653) | - | (653) | (4,178) | - | (4,178) | |
| 14,094 | - | 14,094 | 20,303 | - | 20,303 |
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CALVARY CHAPEL WOOLACOMBE
Annual Report - Year Ended 30 March 2023
Notes to the Financial Statements - Continued
14. Movement in Funds
| Fund | Fund | ||||
|---|---|---|---|---|---|
| Balances | Balances | ||||
| Brought | Net | Carried | |||
| Forward | Income | Expenditure | Transfers | Forward | |
| £ | £ | £ | £ | £ | |
| Unrestricted Funds General Fund |
20,303 | 32,730 | (38,939) | - | 14,094 |
| Total Funds | 20,303 | 32,730 | (38,939) | - | 14,094 |
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CALVARY CHAPEL WOOLACOMBE
Annual Report - Year Ended 30 March 2023
Notes to the Financial Statements - Continued
15. Related Party Transactions
Except as disclosed in note 5. 'Trustee Expenses' and note 8. 'Staff Costs, Employee Benefits and Trustees Remuneration', there have been no other transactions with related parties during the year.
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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 2023 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 examiner’s statement[My examination was carried out in accordance with general Directions given ] 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 statement[In connection with my examination, no material matters have come to my ] attention which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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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: 30/09/2023 Name: Magnus Proctor FFA
Professional qualification Fellow of the Institute of Financial Accountants
Address: Lindisfarne, Landkey Road, Barnstaple, Devon, EX32 9BW