Calvar Cha el Woolacombe Limited y p
Annual Report & Accounts Year ended 31[st] March 2025
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Calvary Chapel Woolacombe Limited
Contents
| Page | |
|---|---|
| Objectives and Achievements | 3 |
| Financial Review | 4 |
| Plans For Future Periods | 5 |
| Structure, Governance and Management | 5 |
| Reference and Administrative Details | 6 |
| Independent examiners report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Summary Income and Expenditure Account | 10 |
| Notes to the Financial Statements | 11 |
| 1. Accounting Policies | 11-12 |
| 2. Analysis of Income | 13 |
| 3. Donated Goods, Facilities and Services | 13 |
| 4a. Analysis of Expenditure on Raising Funds | 14 |
| 4b. Analysis of Expenditure on Charitable Activities | 15 |
| 5. Trustee Expenses | 16 |
| 6. Grant Making Activities | 16 |
| 7. Sta� Costs, Employee Benefts and Trustee Remuneration | 16-17 |
| 8. Fixed Assets | 17 |
| 9. Debtors | 18 |
| 10. Creditors | 18 |
| 11. Summary of the Assets and Liabilities of each Category of Fund | 19 |
| 12. Movement In Funds | 19 |
| 13. Related Party Transactions | 19 |
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Calvary Chapel Woolacombe Limited Year-end 31[st] March 2025
Objectives and Achievements
Objects of the Charity
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 an impact on our local youth. Our youth group on a Friday night has now extended to two youth groups. One being for the younger group for years 1 – 6 held from 18:00 -19:30. The older group from years 7 - 11 and up is held from 20:00 - 22:00. We invite the local community at every occasion to take part in the various outreaches that we hold at the church. The Easter and Christmas crafts events have been very well attended and our Light party as an alternative to trick or treat has also been well received and attended by the local community. We still hold a skateboarding competition every three months or so with various local surf shops and skate businesses o�ering prize donations. We hold a Bible study at each event, and all are welcome to our Sunday services from 10:30am. We serve the elderly by singing carols at the local care homes every Christmas and are active in providing as much as we can weekly to the local foodbank. We hold two home groups every week and one weekly service on a Sunday as well as two prayer evenings each month. We also gather to pray every Friday morning at 7am.
Achievements and Performance
Over the last year our focus has generally been on the local youth ministry. The pastor has stepped back from doing general assemblies at the local schools and from leading Christian union. Instead, he has been employed part time by Roc College as a learning mentor to Special Needs learners aged 16 - 25. This ties in perfectly with the vision of the charity since he has the opportunity to impact these young people’s lives positively in helping them become independent in their daily lives, overcome their insecurities and, more importantly, show them the Love of Christ as he builds relationships with them. The charity has continued to host youth groups weekly which have seen consistent growth. It has been necessary to create a third and fourth group for our Sunday school to accommodate the numbers and various age groups. There are now several volunteers who serve at Sunday School and youth groups. All have undergone safeguarding training and are DBS checked. Church attendance has been steadily increasing especially over the summer months with many returning visitors. Weekly Bible studies continue at three homes, and all are currently in the book of Colossians. A lady’s fellowship has started once every two months where the ladies gather over a meal and a Bible study held at the church. These have been very well attended. We continue to seek to form relationships with the local community. These include being part of the local fitness clubs which has borne many great conversations around faith and church. We have continued to host craft events during Easter, Christmas and Halloween with alternative activities for the latter. The pastor and one elder are on the rota to preach at many of the local Methodist churches on a regular basis. We have had the privilege of witnessing 8 baptisms in the last year, drawing quite a crowd on the beach with all close by hearing the gospel message. Much work has been done on the building this year including new lighting outside and into the main entrance, a
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Calvary Chapel Woolacombe Limited Year-end 31[st] March 2025
major amount of garden improvement and many plans for improving the kitchen area to provide more opportunities for food preparation within the building for the events held. There are also plans to make some changes inside to make room for a youth group area for the older youth to utilise. The pastor has continued teaching through the Bible on a Sunday morning and on various evenings and is currently teaching through Exodus.
Financial Review
Financial Position
The Charity’s primary source of funds is from free-will o�erings 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 year’s payment. The weekly o�erings 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 su�icient 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. The reserves currently don’t match the level of 3 months expenditure. The trustees plan to increase the reserves up to the 3-month level and make a conscience e�ort to keep it at or above the required level.
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:
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Calvary Chapel Woolacombe Limited Year-end 31[st] March 2025
Jason Thorpe (Chair)
Date:
Plans For Future Periods
The charity intends to work towards improving the building we gather in currently and, should it be God’s Will, to be able to purchase this building as He allows. We are steadily running out of space and we have made this known to our landlords. There are to be some minor renovations within the next few months which include the replacement of three windows upstairs which would solve the leaking ceiling in the kitchen. Once this is done, we will begin the kitchen alterations. We will be starting a new Bible study on a Monday evening for new/young believers to form solid foundations of Faith as they walk with Jesus. There are plans for a men’s retreat in the next few months which will continue once every second month in line with the already existing ladies’ events. The charity intends to become a CIO as soon as is possible.
Structure, Governance and Management
The charity has three trustees which meet once a year and for special circumstances as they arise. The trustees make decisions based on their knowledge and experience through prayer since we believe God is Sovereign and reigns over us, guiding us through the Power of His Spirit. The trustees will make these decisions in accordance with the law and as laid out by the governing bodies of our country’s charities. The trustees’ terms are for a period of two years except for the pastor who remains a trustee until such time as he is no longer in his position as pastor. The other trustees will be given an option to vote each other in or out at the end of that two-year period and can be voted in every two years for however long as is necessary. The church has four elders. The elders are the Spiritual oversight of the church and meet once every month and for special circumstances as they arise. The elders are called into their position by God and are responsible as oversight as stated in His Word. The Pastor/elder is called by The Lord into his position as “Under shepherd” of God’s flock and is responsible for the shepherding and leading of God’s people towards Holiness by pointing them to the perfect example of Jesus Christ.
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Calvary Chapel Woolacombe Limited Year-end 31[st] March 2025
Reference and Administrative Details
| Trustees: | Jason Thorpe (Chair) |
|---|---|
| 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: | Michael King |
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Calvary Chapel Woolacombe Limited Year-end 31[st] March 2025
Independent examiner's report to the trustees of Calvary Chapel Woolacombe Limited
I report to the charity trustees on my examination of the accounts of Calvary Chapel Woolacombe Limited for the year ended 31[st] March 2025.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination; I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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Accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
Signed:
Michael King MAAT Member of the Association of Accounting Technicians The Cornmill High Bickington Devon EX37 9BQ
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Calvary Chapel Woolacombe Limited Year-end 31[st] March 2025
Date: 10[th] January 2025
Statement of Financial Activities
| Note Income Donations and Legacies 2 Charitable activities 2 Other Trading Activities 2 Other Income 2 Total Income Expenditure Raising Funds 4 Charitable activities 4 Total Expenditure Net Income (Expenditure) Transfers between Funds Net Movement in Funds Reconciliation of Funds 12 Total Funds B/fwd Total Funds C/fwd |
2025 2024 Unrestricted funds Restricted funds Total Total £ £ £ £ 28,363 28,363 29,872 254 254 20 6,088 6,088 7,015 1,800 1,800 335 |
|---|---|
| 36,505 - 36,505 37,242 1,560 1,560 3,900 39,894 39,894 37,084 |
|
| 41,454 - 41,454 40,984 (4,949) (4,949) (3,742) 0) 0) 0) |
|
| (4,949) 0) (4,949) (3,742) 10,352 - 10,352 14,094 |
|
| 5,403 - 5,403 10,352 |
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Calvary Chapel Woolacombe Limited Year-end 31[st] March 2025
Balance Sheet
At 31st Mar 2025
| Note Fixed Assets Tangible Assets 9 Current Assets Debtors 10 Cash in Bank and in Hand Total Current Assets Liabilities Creditors: Amount due withing 1 yr 11 Net Current Assets Net Assets The Funds of the Charity 12 Unrestricted Funds Restricted Funds Total Funds |
3,465 1,169 |
2025 1,719 3,684 5,403 5,403 0 5,403 |
6,289 3,278 |
2024 4,651 5,701 |
|---|---|---|---|---|
| 4,634 950 |
9,567 3,866 |
|||
| 10,352 | ||||
| 10,352 0 10,352 |
For the year ending 31st March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These Financial Statements were approved by the board of trustees and signed on their behalf on _______
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Calvary Chapel Woolacombe Limited Year-end 31[st] March 2025
Jason Thorpe (Chair)
Summary Income and Expenditure Account
| Income Gains/(losses) on Investments Interest and Investment Income Gross Income in the Reporting Period Expenditure Interest Payable Depreciation of Fixed Assets Total Expenditure Net Income (Expenditure) before tax Tax payable Net Income (Expenditure) for the financial year |
2025 2024 Total Total £ £ 36,505 37,242 |
|---|---|
| 36,505 37,242 - 38,521 - 37,967 - 2,933 - 3,017 |
|
| - 41,454 - 40,984 - 4,949 - 3,742 - - |
|
| - 4,949 - 3,742 |
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Calvary Chapel Woolacombe Limited Year-end 31[st] March 2025
Notes to the Financial Statements
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 Reference and Administrative Details.
Statement of Compliance
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) (e�ective 1 January 2019) and The Charities Act 2011.
Going Concern
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 su�icient reliability.
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Donations are only included in the SoFA when the charity has unconditional entitlement to the resources.
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Where incoming resources have related expenditure, the incoming resources and related expenditure are reported gross in the SoFA
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Incoming resources from Gift Aid tax reclaims are included in the SoFA at the same time as the gift to which they relate.
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The value of voluntary help received is not included in the accounts but is described in the trustee’s annual report.
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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.
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Calvary Chapel Woolacombe Limited Year-end 31[st] March 2025
Expenditure and Liabilities (continued)
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
They are valued at cost price or a reasonable value on receipt. Depreciation is calculated on tangible fixed assets using the Straight-Line Method:
Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount o�ered.
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 di�er 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
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 e�ective interest method.
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Calvary Chapel Woolacombe Limited Year-end 31[st] March 2025
2. Analysis of Income
| 2025 Unrestricted funds Restricted funds Total Donations and Legacies Freewill Offerings 25,294 25,294 Tax Recoverable - Gift Aid 3,069 3,069 28,363 0 28,363 Charitable Activities Youth Group Tuck Shop 254 254 Other Trading Activities Methodist Church Car Park 6,088 6,088 Other Income PAYE re-evaluation 0 Gift Aid re-evaluation 0 Methodist car park disc 1,800 1,800 1,800 0 1,800 Total 36,505 0 36,505 3. Donated Goods, Facilities and Services Donated Goods Donated Facilities Number of Unpaid General Volunteers Church Services - Hospitality and Operations Church Services - Discipleship and Outreach Church Services - Sunday School Teachers Friday - Youth club Tuesday - Skate club |
2024 |
|---|---|
| Unrestricted funds Restricted funds Total 26,929 26,929 2,943 2,943 |
|
| 29,872 0 29,872 20 20 7,015 7,015 234 234 101 101 0 0 |
|
| 335 0 335 |
|
| 37,242 0 37,242 |
|
| 2025 2024 £ £ 0 0 0 0 8 6 9 7 5 2 5 3 |
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Calvary Chapel Woolacombe Limited Year-end 31[st] March 2025
4a Analysis of Expenditure on Raising Funds
2025 2024 Activities Grant Activities Grant Undertaken Funding of Support Undertaken Funding of Support Directly Activities costs Total Directly Activities costs Total Methodist Church Car Park Fees 1,560 1,560 3,900 3,900
Expenditure on Raising Funds
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Calvary Chapel Woolacombe Limited Year-end 31[st] March 2025
4b Analysis of Expenditure on Charitable Activities
| Mission and Ministry Discipleship and Outreach Hospitality and Supplies IT - Media - Music Honorarium Grants Payable - Organisations Grants Payable - Individuals Property, Management and Administration Building - Rent and Utilities Building - Repairs, Upkeep, Minor Furnishings Fixed Asset Depreciation Insurance Other Administration Expenditure Total Wages Employer's National Insurance Accountancy Independent Examination |
2025 Activities Undertaken Directly Grant Funding of Activities Support costs Total 544 815 1,359 576 576 833 833 300 300 1,750 1,750 100 100 2,253 1,850 815 4,919 10,739 10,739 1,322 1,322 2,933 2,933 291 291 0 0 18,000 18,000 1,229 1,229 311 311 150 150 34,514 0 461 34,975 36,768 1,850 1,276 39,894 |
2024 |
|---|---|---|
| Activities Undertaken Directly Grant Funding of Activities Support costs Total 1,587 670 2,257 707 707 298 298 300 300 1,225 1,225 600 600 |
||
| 2,892 1,825 670 5,387 5,450 5,450 3,373 3,373 3,017 3,017 20 20 21 21 18,000 18,000 1,228 1,228 438 438 150 150 |
||
| 31,109 0 588 31,697 |
||
| 34,001 1,825 1,258 37,084 |
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Calvary Chapel Woolacombe Limited Year-end 31[st] March 2025
5. 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.
| 6. Grant Making Activities 2025 £ Grants Made to Institutions Challenge Ministries 600 Life Centre Salford 850 Penguin Sports Foundation 300 1,750 Grants Made to Individuals Ministry Support For Theological Studies 0 Ministry Support for outreach at Creation Fest 0 Benevolence and hardship 100 100 Total 1,850 7. Staff Costs, Employee Benefits and Trustee Remuneration 2025 Average number of staff employed during the reporting period 1 Staff costs and employee benefits £ Ministerial staff Stiped Salary 18,000 Employer's Social Security costs 1,229 Employer's Contribution to Pension Schemes 0 19,229 |
2024 £ 600 600 25 |
|---|---|
| 1,225 600 0 0 |
|
| 600 1,825 2024 1 £ 18,000 1,228 0 19,228 |
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Calvary Chapel Woolacombe Limited Year-end 31[st] March 2025
Trustee Remunera�on
By provision of the charity's Governing Document, in his capacity as pastor, J. Thorpe was remunerated £18,000 with nil personal expenses (£18,000 and nil personal expenses in 2024). This salary payment was in rela�on to their ministerial role, and not their trustee role. There was no pension contribu�ons made.
8. Fixed assets
| Cost or Valuation At 1st Apr 2024 Additions Disposals Revaluations Transfers At 31st Mar 2025 Depreciation and Impairments At 1st Apr 2024 Disposals Depreciation Impairment Transfers At 31st Mar 2025 Net Book Value at 1st Apr 2024 Net Book Value at 31st Mar 2025 |
Building Improvements Ministry Equipment £ £ 11,730 2,304 - - - - - - - - 11,730 2,304 (7,079) (2,304) - - (2,933) - - - - - (10,012) (2,304) 4,651 - |
|---|---|
| 1,718 - |
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Calvary Chapel Woolacombe Limited Year-end 31[st] March 2025
| 9. Debtors Prepayments and Accrued Income Insurance Discipleship and Outreach Other Debtors Car Park Incoming owing HMRC Gift Aid Total 10. Creditors Creditors Amounts falling due within 1 year Accruals and Deferred Income Accrued Utilities Accrued Rent Other Creditors Methodist Church Car Park Accountancy Fees Independent Examination Taxation and Social Security |
2025 £ 265 - 265 200 3,000 3,200 3,465 2025 £ 600 200 150 0 350 950 |
2024 £ 268 78 346 3,000 2,943 5,943 6,289 2024 £ 251 3,300 165 150 0 |
||
|---|---|---|---|---|
| 3,615 3,866 |
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Calvary Chapel Woolacombe Limited Year-end 31[st] March 2025
11. Summary of the Assets and Liabilities of each Category of Fund
| Tangible Fixed Assets Intangible Assets Current Assets - Bank Debtors Creditors: Due within one year Due after one year |
2025 Unrestricted funds Restricted funds Total 1,719 1,719 0 0 1,169 1,169 3,465 3,465 (950) (950) 0 0 5,403 0 5,403 |
2024 |
|---|---|---|
| Unrestricted funds Restricted funds Total 4,652 4,652 0 0 3,278 3,278 6,288 6,288 (3,866) (3,866) 0 0 |
||
| 10,352 0 10,352 |
| 12. Movement in Unrestricted funds: General fund Total Funds |
Funds Balance Income Expenditure Transfers Balance 1st Apr 2024 31st Mar 2025 10,352 36,505 41,454 5,403 |
|---|---|
| 10,352 36,505 41,454 0 5,403 |
13. Related Party Transac�ons
Expenditure
All expenditure transac�ons involving related par�es are detailed in note 5, 'Trustee Expenses', and note 7, 'Staff Costs, Employee Benefits, and Trustees' Remunera�on'.
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