Company registration number: 05921668 Charity Commission registration number: 1116360
## CALVARY CHARISMATIC BAPTIST CHURCH
Report and Financial Statements
31 December 2021
## CALVARY CHARISMATIC BAPTIST CHURCH Report and accounts Contents
||Page|
|---|---|
|Company information Trustees'|1|
|report|2 - 5|
|Statement of trustees' responsibilities|6|
|Independent auditor's report|7 - 8|
|Statement of financial activities|9|
|Balance sheet|10 -11|
|Notes to the financial statements|12 - 19|
## **CALVARY CHARISMATIC BAPTIST CHURCH** Company Information
## **Trustees**
Rev Benard Oppon Rev. Stephen Mensah Rev. Kennedy Kankam Boateng
Secretary Rev. Philippe Mensan
## **Auditors**
Abraham Duncan-Williams FCCA A D Williams & Co 102 Green Lane Morden SM4 6SS
## **Bankers**
Royal Bank of Scotland 62/63 Threadneedle Street Box 412 London EC2R 8LA
## **Registered Office**
119 East India Dock Road Poplar London E14 6DE
Registered number 05921668
1
## **CALVARY CHARISMATIC BAPTIST CHURCH**
The report of the trustees
The trustees, present their report and the financial statements of the company for the year ended 31 December 2021.
Registered charity name CALVARY CHARISMATIC BAPTIST CHURCH Charity registration number 1116360 **Company registration number** 05921668 Principal office 119 East India Dock Road Poplar E14 6DE Registered office 119 East India Dock Road Poplar E14 6DE
Registered charity name
The Trustees
The following persons served as trustees during the year:
Rev. Bernard Oppon Rev. Stephen Mensah Rev. Kennedy Kankam Boateng Secretary Rev Philippe Mensan **Auditor** A D Williams & Co Accountants 102 Green Lane Morden SM4 6SS
Bankers Royal Bank of Scotland 62/63 Threadneedle Street Box 412 EC2R 8LA
Barclays Bank Plc 737 Barking Road London E13 9PL
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2
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## **CALVARY CHARISMATIC BAPTIST CHURCH**
## **The report of the trustees**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document**
The Charity is controlled by its governing document, Memorandum and Articles of Association and constitutes a Company Limited by Guarantee, as defined by the Companies Act 2006. There are no restrictions in the governing documents on the operation of the charity or on its investment powers other than those imposed by general charity Law.
## Leadership Team
The Leadership Team is responsible for the administration and management of the local Churches, general purposes, finances and personnel. Capital projects and expenditure require the approval of the leadership team. Appointments of officers are governed by the constitution of the church. All decisions at any meeting are determined by simple majority votes cast by members present, with each member having one vote. In the event of an equality of votes, the chair may exercise a second vote as casting vote. The leadership team meet regularly to discuss and plan objectives and implementation thereof. All matters are subject to prayer and God's direction.
## **Trustees**
Trustees are appointed by the board of trustees. The Church is run on a day to day basis by a leadership team that normally includes majority of Trustees. The team comprises professionals from all disciplines including business, finance and legal.
## **Trustee Induction and Training**
Any new trustees undergo an orientation day to brief them on their legal obligations under Charity and Company Law, the content of the Memorandum and Articles of Association and the processes on decision making within the organisation. The Charity encourages trustees to attend, at their discretion; appropriate external training events were these will be of use for the undertaking of the role.
## **Risk Management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The board of trustees actively review the major risks facing the charity on a regular basis and ensure measures are put in place to safeguard the charity's fund and assets. The trustees also ensure that legal advice is sought when necessary, on crucial issues concerning the ministry.
## **OBJECTIVES AND ACTIVITIES**
The vision of the church is "Saving souls and making them better through Christ." To help achieve this, the following objectives have been set:
To expand and develop the ministry of CCBC through Sunday worship services, children's ministries, youth and young adult ministries, prayer and ministry training, bible studies and small groups meetings.
To train and send out ministers and evangelists to establish churches all over the world.
To minister to the congregation and the local community through family life, relationship, and other ministry programmes.
To establish social programmes to provide food, clothes, and shelter for the needy and care for the sick.
3
## **CALVARY CHARISMATIC BAPTIST CHURCH**
## **The report of the trustees**
To educate and equip the congregation and other churches in the practice of ministry through CCBC based conferences.
To provide nursery and preschool education for the community whilst contributing to the economy through local employment.
## **PUBLIC BENEFIT** - **MINISTRY OUTREACH AND BENEFITS**
The church's activities are available to Christians and non-Christians, members, and non-members alike; there is no restriction to attendance. The community have been attracted to and enjoyed our services including, weekly Sunday worship services, Easter conventions, Christmas, New Year's Eve watch night services and annual charisma fire conventions. The popularity of the Easter and annual Charisma Fire Convention has often placed a demand on the church to hire tents in parks to accommodate the number of congregants.
We continue to provide and maintain buildings for church services at different locations in UK. These include Poplar, Barking, Forest Gate, Brixton and Leyton, among others. The crèche and nursery and preschool in Barking, Leyton and Poplar continue to serve the community, providing quality childcare for parents in the local communities and providing employment opportunities for people locally.
We minister to the congregation and the local community by emphasising on the virtues and importance of strong families, values of voting and social responsibility, continually advocates self-development and business enterprise through seminars, workshops, and practical advice.
Seeking new followers or adherent - The members in general and the Evangelism team regularly go out to preach the Gospel in different locations and areas. We also aid the local community by providing carrier counselling, pre-and post-marital counselling, bereavement counselling, hospital visits, prison visits, welfare provision, prayer support, men and women's meetings, supplementary school, supporting local charities
## **Outreach and Ministry Review**
As further evidence of our Public Benefit, the Charity was involved in Christian outreach programmes and Christian Ministry designed to increase Christian awareness and spread the gospel of our Lord Jesus Christ
As part of our Christian ministry for the public benefit we produce and promote religious books, tapes, and CDs for the distribution through our services as well as through CCBC Bookstore.
## **Volunteers**
Members of the charity who are professionals in their various field of work and study volunteered in different capacities during the year under review and their work has not been quantified.
## **REVIEW OF PERFORMANCE FOR THE YEAR**
With the pandemic easing up the physical gathering has resumed fully in September for all services. The online activities were still going on throughout the most part of the year. Few services struggled to bring the online members back to church.
By the grace of God members spiritual and emotional needs were effectively met though online services and prayer meetings. Programmes such as 100 days fasting and prayer online meetings were source of inspiration and upliftment.
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4
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## **CALVARY CHARISMATIC BAPTIST CHURCH**
## **The report of the trustees**
As the result of the pandemic the church continue to give, financial support to members who were in financial distress.
Our social programme for the homeless in poplar has continued throughout the lockdown.
## **Mission work**
Extensive Church planting activities went on in North of Ghana with several churches planted. Evangelism team from both UK and Ghana were deployed twice in the North of Ghana.
Bore holes were dug for villages to offer potable water to the communities. Foods and clothes were given to the villagers. Children especially benefited from Christmas gifts for their first time. The church supported the Charisma Fire Convention (CFC) in Ghana. All the branches in Ghana gathered in Kumasi to celebrate our Lord Jesus Christ and His love for the Humanity.
During the year the church has started its headquarters building in Accra. All these activities cost a lot to the church.
## **PLANS FOR FUTURE PERIODS**
The church would continue to seek new followers and open more branches in UK and around the world to advance the Christian faith.
In 2022, the church will continue the church planting activities in the North of Ghana, Kenya and Togo.
The church is planning to purchase a mission house in Accra.
The church will continue with the homeless project in poplar, East London.
The church will continue to invest in the provision of education especially for children and the youth.
The church will continue to hold its Easter Programme with Dr. Abraham Chigbundu. The Church will continue to hold its Charisma Fire Convention (CFC) in summer.
The church will continue to expand its TV and online broadcast to further propagate the gospel.
## **FINANGIAL REVIEW**
## **Transactions and Financial position**
The financial accounts are set out on pages 9-19. The financial Statements have been prepared implementing the Companies Act 2006, the Statement of recommended Practice for Accounting and Reporting for Charities issued by the Charity Commission for England and Wales (effective April 2007) and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The statement of financial Activities shows resources for the year of £846,449 and total resources expended were £842,084 leaving a total amount £4,365 as the net surplus.
Funds (which are all Unrestricted) at the end of the year after realised surplus stand at £4,365.
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5
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## **CALVARY CHARISMATIC BAPTIST CHURCH**
## **The report of the trustees**
Senior members
Senior members to whom the day-to-day management of the charity is delegated by the Charity Trustees are: -
Bishop Francis Sarpong - General Overseer Rev. Philippe Mensan - Charity Secretary / Pastor and Head of Finance Rev. Kofi Boahene - Pastor and Accountant Rev. Felix Otoo - Head of Administration
The members of the Board of Trustees of the Charity during the year ended 31 December,2021: Rev. Bernard Oppon Rev. Stephen Mensah Rev. Kennedy Kankam Boateng
The members of the Board of Trustees of the Charity at the date the Report and Accounts were approved were: -
Rev. Bernard Oppon Rev. Stephen Mensah Rev. Kennedy Kankam Boateng
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## **CALVARY CHARISMATIC BAPTIST CHURCH**
## **Statement of Directors' and Trustees' Responsibilities**
The charity's trustees are responsible for preparing the Annual Report and financial statements in accordance with applicable law and regulations.
Charity law requires the trustees to prepare financial statements for each financial year.Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law).Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the profit or loss of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Charities Act 2011 and Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Disclosure of information to auditors**
Each person who was a trustee at the time this report was approved confirms that:
- so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
- he has taken all the steps that he ought to have taken as a trustee in order to make himself aware of any relevant audit information and to establish that the charity's auditor is aware of that information.
## **AUDITORS**
The Auditors, A D Williams & Co, Chartered Certified Accountants and Statutory Auditors, will be proposed for re-appointment at the forthcoming Annual General Meeting.
This report has been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies.
This report was approved by the board of trustees on 31 October 2022 and signed on its behalf.
Rev Bernard Oppon Trustee
7
**CALVARY CHARISMATIC BAPTIST CHURCH**
## **Independent auditor's report to the members of CALVARY CHARISTIMATIC BAPTIST CHURCH**
## **Opinion**
We have audited the financial statements of CALVARY CHARISMATIC BAPTIST CHURCH for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet, & and notes to the financial statements. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 the Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
This report is made solely to the charitable company's trustees, as a body, in accordance with Section 144 of the Charities Act 2011 and regulations made under Section 154 of that Act. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in our auditors” report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
In our opinion the financial statements:
- give a true and fair view of the state of the charity's affairs as at 31 December 2021 and of its incoming resources and application of resources, including its income and expenditure for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
- have been prepared in accordance with the requirements of the Companies Act 2006.
## Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical **requirements** that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
## **Other information**
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
8
## **CALVARY CHARISMATIC BAPTIST CHURCH**
## **Independent auditor's report to the members of CALVARY CHARISTIMATIC BAPTIST CHURCH**
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion:
- the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and **returns;** or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees as directors**
As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
The trustees have elected for the financial statements to be audited in accordance with the Charities Act 2011 rather than the Companies Act 2006. Accordingly, we have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with regulations made under Section 154 of that Act.
Our responsibilities is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors.
## **Auditor's responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.
Abraham Duncan-Williams FCCA (Senior Statutory Auditor) Chartered Certified Accountants & Statutory Auditors
31 October 2022
A D Williams & Co 102 Green Lane Morden SM4 6SS
9
## **CALVARY CHARISMATIC BAPTIST CHURCH**
## Income Statement
for the year ended 31 December 2021
|**Notes**
Offerings & donations
Grant received
Other income
Operating activities in furtherance of
charity's objectives
**Total incoming**resources
Net Incoming Resources available for
**charitable applications**
Costs of activities undertaken directly
Support costs
Finance costs
Governance costs
**Total resources expended**
Net incoming resources before transfers
3
Gross transfers between funds
**Net incoming Resources before**
revaluations**and investment**asset
Net movement in funds
**Total Funds brought forward**
Total Funds carried forward|Unrestricted
Funds
2021
601,769
11,200
135,768
97,712
846,449
846,449
497,237
289,052
41,208
14,587
842,084
4,365
-
4,365
4,365
2,794,837
2,799,202|Restricted
Funds
2021
-
-
-
-
-
-
-
-
|Total
Funds
2021
601,769
11,200
135,768
97,712|Prior Period
Total Funds
2020
486,827
31,522
146,108
100,533
764,990|Prior Period
Total Funds
2020
486,827
31,522
146,108
100,533
764,990|
|---|---|---|---|---|---|
||||846,449|||
||||846,449||764,990|
||||
497,237
289,052
41,208
14,587||
292,726
160,915
47,682
11,977|
||||842,084||513,300|
||||
||
251,690
251,690|
|||
|||
251,690
2,543,148
2,794,838|
The net movement in funds referred to above is the net incoming resources as defined in the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales and is reconciled to the total funds as shown in the Balance Sheet on page 12 as required by the said Statement.
All activities derive from continuing operations
10
## **CALVARY CHARISMATIC BAPTIST CHURCH Statement of Financial Position**
## as at 31 December 2021
|**Notes**
Fixed assets
Tangible assets
7
Current assets
Investments held as current
assets
8
105,231
Cash at bank and in hand
67,134
172,365
Creditors: amounts falling due
within one year
9
(156,749)
Net current assets
Total assets less current
liabilities
Creditors: amounts falling due
after more than one year
10
Net assets
Capital and reserves
Unrestricted revenue reserves
Resources freely available
Accumulated Funds|**2021**
3,853,075
105,231
153,005
258,236
(157,477)
15,616
3,868,691
(1,069,489)
2,799,202
2,799,202
2,799,202
2,799,202
|**2021**
3,853,075
105,231
153,005
258,236
(157,477)
15,616
3,868,691
(1,069,489)
2,799,202
2,799,202
2,799,202
2,799,202
|**2020**
3,851,644
100,759
3,952,403
(1,157,565)
2,794,838|
|---|---|---|---|
|||
|
2,794,838|
|||
|
2,794,838
2,794,838|
The Board of Trustees acknowledge their responsibility for ensuring the organisation keeps proper accounting records in accordance with the requirements of the Charities Act 2011 as more fully set out under Trustees' Responsibilities' in the Report of the Trustees.
Rev Bernard Oppon Trustee Approved by the board on 31 October 2022
11
## **CALVARY CHARISMATIC BAPTIST CHURCH**
Statement of Total **Recognised** Gains and Losses for the year ended 31 December 2019
|Excess of Income over expenditure before realisation
of assets
Net Movement in funds before taxation|2021
2020
4,365
251,690
4,365
251,690|
|---|---|
There were no recognised gains or losses for the year or the prior year that are not included above.
Movements in revenue and capital funds for the year ended 31 December 2019
|Accumulatedfund
Accumulated Revenue Funds b/fwd
Recognised gains and losses
Closing Accumulated fund|Unrestricted
Funds
Restricted
Funds
2021
2021
2,794,837
4,365
-|Total
Funds
Total
Funds
2021
2020
2,794,837
2,543,148
4,365
251,690|
|---|---|---|
||||
||2,799,202
-|2,799,202
2,794,838|
The statement of changes in resources applied for fixed assets for Charity use is shown in the notes to the accounts
The notes and schedule to the Statement of Financial Activities on pages 14 to 22 form an integral part of these accounts
12
## **CALVARY CHARISTIMATIC BAPTIST CHURCH**
## Notes to the Accounts
for the year ended 31 December 2021
- 1 Accounting policies
## _Basis_ _**of preparation**_
The financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards and the requirements of the Statement of Recommended Practice ’Accounting and Reporting by Charities’ issued in March 2005 (SORP 2005).
## _Accounting_ convention
The financial statements are prepared, on a going concern basis, under the historical cost convention, as modified by revaluation.
## _Incoming_ resources
Incoming resources are accounted for on a receivable basis deferred as described below where appropriate.
Investment income
Bank interest is included in the income and expenditure account on a receivable basis.
## _**Deferred**_ **income**
In accordance with the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales grants received in advance and specified by the donor as relating to specific accounting periods or alternatively which are subject to conditions which are still to be met are deferred on an accrual basis to the period to which they relate. Such deferrals are shown in the notes to the accounts and the sums involved are included as creditors in the accounts.
## Recognition _of Liabilities_
Liabilities are recognised on the accrual basis in accordance with normal accounting principles, modified where necessary in accordance with the guidance given in the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales
## _Charitable_ expenditure
Charitable expenditure includes all expenditure directly related to the objects of the charity and comprises the following: -
## _Activities in_ furtherance _of the charity's objectives_
The costs of activities in furtherance of the charity's objectives represents the cost of goods and services and ancillary trading costs that have been incurred in charitable activities
## _Management and administration of the charity_
Management and administration costs represent expenditure incurred in the management of the charity's assets, organisational administration and compliance with charitable and statutory requirements.
13
**CALVARY CHARISMATIC BAPTIST CHURCH**
Notes to the Accounts
for the year ended 31 December 2021
## _Allocation of costs within_ types _of resources_ expended
The charity's operating costs include staff costs, rent and other related costs. Such costs are allocated between types of resources expended on the basis of estimates made by the trustees.
Administration expenditure includes all expenditure not directly related to direct charitable activity. In respect of certain items of expenditure, it is a matter of judgement as to whether such items are direct charitable expenditure or are administrative, and the trustees have applied what they consider to be reasonable judgements in apportioning such costs.
The Charity Law requires all properties belonging to Charity to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in SSAP 19 and the overriding requirement to show a true and fair view. The board of trustees considers that because the property is not held for consumption, but for its investment potential, to depreciate it would not give a true and fair view, and that although the charity is exempt from the full application of SSAP19 , it is nevertheless appropriate for the charity to follow the principles of SSAP19 in order to give a true and fair view. The charity has taken advantage of its exemption from the full application of SSAP19 and has not had a formal professional valuation of the property, but has relied on the best estimates of the board of the market value, in order to conserve funds for the charitable purposes of the charity.
If this policy had not been adopted, the surplus for the financial year would have been reduced by depreciation. However, the amount of depreciation cannot reasonably be quantified because depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.
## **7ang/d/e** _**fixed assets**_
Tangible fixed assets are stated at cost less accumulative depreciation.
Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as
Vehicles - 25% per annum of cost/net book value Plant and machinery - office, music equipment - 25% per annum of cost/net book value Plant and machinery - fixtures, fittings - 25% per annum of cost/net book value
## **Capita/ Grants**
The board of trustees consider that, in order to comply with the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales (effective April 2005), grants of a capital nature given for specific purposes and fully utilised in the furtherance of the objects of the charity should be credited to the fixed asset funds after the sums have been properly expended on the restricted purpose. The related asset is shown in the balance sheet at the cost of acquisition or subsequent revaluation.
The related assets are subject to restrictions by the grant making organisation on their use and disposal, and these restrictions are noted in the fixed asset section of these accounts. The fixed asset fund so created is treated as a restricted fund.
As a registered charity, the organisation is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the organisation, and is therefore included in the relevant costs in the Statement of Financial Activities
The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment.
14
Notes to the Accounts
## **CALVARY CHARISMATIC BAPTIST CHURCH**
for the year ended 31 December 2021
Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully the monitor the application of those funds in accordance with the restrictions placed upon them.
There is no formal policy on the allocation of funds to designated funds.
There is no formal policy of transfer between funds, other than that described under the Capital Grants policy above. Any proposed transfer between funds would be considered on the particular circumstances.
## **2 Winding up or dissolution of the charity**
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
|3
**Net incoming resources**
This is stated after charging:
Depreciation of owned fixed assets
Auditors' remuneration|`2021`
449
**4,000**|2020
598
3,202|
|---|---|---|
## **Analysis of direct, management and administration costs**
The details required by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales (effective April 2007), are shown in the Detailed Schedule to the Statement of Financial Activities on pages 18 to 21)
|4
Incoming resources from Government & public bodies
Government grant
Staff costs
Wages and salaries
Social security costs|
2021
11,200
11,200|2020
31,522
31,522|
|---|---|---|
||2021
152,207
7,555
159,762|
2020
112,610
3,966
116,576|
15
## **CALVARY CHARISMATIC BAPTIST CHURCH**
Notes to the Accounts
for the year ended 31 December 2021
|Average number of employees during the year
Number
Number
Management & Administration
2
Engaged on charitable activities
5
4
7
There were no employees with emoluments in excess of £50,000 per annum.
**Changes in resources applied for fixed assets**
2021
**2020**
Net movement in funds from Statement of Financial
Activities
4,365
251,690
Resources applied on Fixed Assets for charitable use
(29,570)
(15,789)
Add Grants Received to fund fixed assets
Net movement in funds available for future activities
(25,205)
235,901
**Tangible fixed**assets
**Land and**
**fittings, and**
**Motor**
**buildings**
**equipment**
**vehicles**
_At cost_
Cost or valuation
At 1 January 2021
4,445,093
494,678
95,054
Additions
29,570
-
At 31 December 2021
4,445,092
524,248
95,054
**Depreciation**
At 1 January 2021
676,434
413,488
93,259
Charge for the year
27,690
449
At 31 December 2021
676,434
441,178
93,708
Carrying amount
At 31 December 2021
3,768,658
83,070
1,346
At 31 December 2020
3,768,658
81,190
1,795|Number
2
5|Number
2
5|Number
4
7|**Total**
5,034,825
29,570
5,064,395|**Total**
5,034,825
29,570
5,064,395|
|---|---|---|---|---|---|
|||
**fittings, and**
**equipment**
494,678
29,570|
**Motor**
**vehicles**
95,054
-
95,054
93,259
449
93,708
1,346
1,795|||
|||524,248||||
|||
413,488
27,690
441,178||
|
1,183,181
28,139
1,211,320|
|||
83,070||
|
3,853,075|
|||
81,190||
|
3,851,644|
## **7 Tangible fixed** assets
The Trustees are of the opinion that the Freehold Land and buildings would no longer require depreciation as the land is reckoned to be appreciating.
Investments held as current assets
|**Cost**
At 1 January 2021
At 31 December 2021
(The investment held is a Nursery)|Other
**investments**
105,231
105,231|**Total**
105,231
105,231|
|---|---|---|
||||
16
## **CALVARY CHARISMATIC BAPTIST CHURCH**
## Notes to the Accounts
for the year ended 31 December 2021
|9
Creditors: amounts falling due within one year
Bank loans
Other taxes and social security costs
Pension
Other creditors
Accruals and deferred income
10Creditors: amounts falling due after one year
Bank loans|2021
138,076
9,659
214
4,800
4,000
156,749
2021
1,069,489|2020
138,076
7,516
45
8,640
3,200
157,477|
|---|---|---|
|||
2020
1,157,565|
## 11 Persons **of significant influence**
Persons of significant influence at Calvary Charismatic Church are the Trustees.
## 12 Legal **Entity**
Calvary Charismatic Baptist Church is an incorporated Charity limited by guarantee.
## 13 Endowment funds
The charity had no endowment funds in the year ended 31 December,
- 14 Legal **form of entity** and **country of incorporation**
CALVARY CHARISMATIC BAPTIST CHURCH is a private company limited by shares and incorporated in England.
## 15 Principal place of business
The address of the company's principal place of business and registered office is:
119 East India Dock Road Poplar London E14 6DE
17
CALVARY CHARISMATIC BAPTIST CHURCH Schedule to the Statement of financial Activities for the year ended 31 December 2021
|Incoming resources
Unrestricted
Funds
2021
Government and public bodies
Offerings and Donations
Incoming resources of revenue nature
Grant received
Non governmental and none public bodies
Incoming resources of revenue nature
11,200
11,200
Tithes & Weekly offerings
583,294
Covenant Aid - income tax recoverable
18,475
Income of revenue nature
601,769
Non governmental and none public bodies
Incoming resources of revenue nature
Annual Thanksgiving
135,768
135,768
Total Grants, Legacies & Donations Received
748,737
Operating activities in furtherance of the charity's
objectives
Other income
97,712
Gains
Capital gains-disposal
Total**incoming resources**
846,449|Restricted
Funds
2021
-
-|Total
Funds
2021
-
-
-|Prior Period
Total Funds
2020
31,522
31,522
466,006
20,821
486,827
146,108
146,108
664,457
100,533|
|---|---|---|---|
||-
-|||
||||764,990|
18
## **CALVARY CHARISMATIC BAPTIST CHURCH**
Schedule to the Statement **of financial Activities** for the year ended 31 December 2021 Charitable expenditure
|**Unrestricted Restricted**
**2021**
2021
_Cost_of activities**_undertaken directly_**
Media & TV ministries
20,938
Wages and salaries
66,662
Employers NIC
2,118
Motor expenses
22,186
Missions Abroad
157,412
Guest speakers & preachers
27,850
Donations & charity
44,560
Services and church expenses
47,016
Subscriptions & publications
6,095
Welfare/funerals /marriages
40,951
Travel
31,240
Material consumed
30,209
497,237
Human costs
Wages and salaries
85,545
Employer's NI
5,437
Training
Entertaining
13,718
104,700
-
**Premises costs**
Rent and rates
61,589
Light and Heat
21,110
Cleaning and laundry
8,699
-
**General support**
Telephone
2,319
Printing, postage and stationery
6,356
Equipment hire
Repairs and maintenance
56,106
Depreciation of assets used for charitable purposes
28,139
Other general expenses
8,733
101,653
-
Finance costs
Interest payable
34,949
Bank charges
6,259
41,208
-||**Total**
2021
20,938
66,662
2,118
22,186
157,412
27,850
44,560
47,016
6,095
40,951
31,240
30,209
49T,237
85,545
5,437
13,718
104,700
61,589
21,110
82,699
2,319
6,356
56,106
28,139
8,733
101,653||**Prior Period**
2020
17,950
75,609
3,071
19,548
40,905
11,000
41,627
52,060
6,206
24,750
292,726
37,001
895
2,755
40,651
22,329
23,486
1,001
46,816|**Prior Period**
2020
17,950
75,609
3,071
19,548
40,905
11,000
41,627
52,060
6,206
24,750
292,726
37,001
895
2,755
40,651
22,329
23,486
1,001
46,816|
|---|---|---|---|---|---|
|||||||
|||||||
||
||||
22,329
23,486
1,001
46,816|
||
||||3,603
12,813
0
29,371
27,661
73,448|
||||||
41,474
6,208
47,682|
19
|Governance
Audit fees
Other professional fees
Insurance
Total expenditure|Unrestricted Restricted
2021
2021
4,000
2,662
7,925
14,587
842,084
- -|Total
2021
786,289-|Prior Period
2020
3,202
8,775
11,977
513,300|
|---|---|---|---|
|||||