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← Calvary Charismatic Baptist Church

2023-12-31-accounts

Company registration number: 05921668 Charity Commission registration number: 1116360

CALVARY CHARISTIMATIC BAPTIST CHURCH

Report and Financial Statements

31 December 2023

CALVARY CHARISTIMATIC BAPTIST CHURCH Report and accounts Contents

Page
Company information 1
Trustees' report 2 - 6
Statement of trustees' responsibilities 7
Independent auditor's report 8 - 9
Statement of financial activities 10
Balance sheet 11
Statement of total recognised gains and losses 12
Statement of Cash Flows 13
Notes to the financial statements 14 - 18
Schedule to the statement of financial activities 19 - 21

CALVARY CHARISTIMATIC 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 CHARISTIMATIC BAPTIST CHURCH

The report of the trustees

The trustees, who are also directors for the purposes of company law, present their report and the financial statements of the company for the year ended 31 December 2022.

Registered charity name CALVARY CHARISTIMATIC 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

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

2

CALVARY CHARISTIMATIC BAPTIST CHURCH

The report of the trustees

STRUCTURE, GOVERNANCE AND MANAGEMENT Govering 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 normally elected by the church members at the Annual General Meeting (AGM) or a normal member meeting and they may offer themselves for re-election at each (AGM). 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:

3

CALVARY CHARISTIMATIC BAPTIST CHURCH

The report of the trustees

PUBLIC BENEFIT - MINISTRY OUTREACH AND BENEFITS

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

Successful women and Mothers’ Day celebration with Dr Abraham Chigbundu, Charisma Fire Convention, 40 Days Fasting ending with Thanksgiving, Christmas and the New Year celebration.

By the Grace of God members spiritual and emotional needs were effectively met though online services and prayer meetings. Programmes such as 40 days fasting, and online prayer meetings were source of inspiration and upliftment.

4

CALVARY CHARISTIMATIC BAPTIST CHURCH

The report of the trustees

New Pastors were ordained during the CFC. Pastor Albert Agye-Twum was elected as the new President of CCBC Worldwide.

Our social programme for the homeless in poplar continues.

Marriage celebration, babies’ dedication and funerals across the branches have brought the whole congregation together in unity and peace. People were able to express their joy and grieves with the support of pastors and ministers.

Mission work

On missionary works continues in North Ghana. This year, there was no December mission trip to the North. However, financial help to missionaries work on the ground continues and collection of clothes from members in UK was dispatched to support villagers in the North. Financial support was sent to the North for their church building project.

Two churches were planted on by CPC in Accra (CPC Accra) and the other one in London by Hackney Branch.

The Twi Service is exploring to plant a Twi branch in Dagenham next year.

PLANS FOR FUTURE PERIODS

FINANCIAL 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 recommmended Practice for Accounting and Reporting for Charities issued by the Charity Commission for England and Wales (effective April 2007) and inaccordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The statement of financial Activities show resources for the year of £963,355 which includes the interest recievable of £345 and total resources expended were £817,618 and leaving a total amount £145,737 as the net surplus.

Funds (which are all Unrestricted) at the end of the year after realised surplus stand at £145,737

5

CALVARY CHARISTIMATIC BAPTIST CHURCH

The report of the trustees

Chief Executive Officer and other senior members

The Chief Executive Officer and other 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

The members of the Board of Trustees of the Charity during the year ended 31 December,2023:

Rev. Bernard Oppon Bishop Francis Sarpong 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 Bishop Francis Sarpong Rev. Stephen Mensah Rev. Kennedy Kankam Boateng

6

CALVARY CHARISTIMATIC BAPTIST CHURCH

Independent auditor's report to the members of CALVARY CHARISTIMATIC BAPTIST CHURCH

Qualified Opinion

We have audited the financial statements of CALVARY CHARISTIMATIC BAPTIST CHURCH for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Total Recognised Gains and Losses, the Statement of Cash Flows 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 companys 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 companys trustees those matters we are required to state to them in our auditorsreport 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 companys trustees as a body, for our audit work, for this report, or for the opinions we have formed.

In our opinion the financial statements:

Basis for Qualified opinion

For the expenditure inccurred as stated on the SOFA for the year ended 31 December 2022 ,other than Finance , Premises, Governance and Human costs, we could not obtain sufficient appropriate audit evidence (suppliers and service providers documents not available for vouching) to fully verify these expenditure, though, we witnessed Internal Requisitions Forms and Payments Authorisations covering these expenditutre.

It was not practical to quantify the financial effects on the unrestricted revenue reserves.

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.

7

CALVARY CHARISTIMATIC BAPTIST CHURCH Independent auditorfs report to the members of CALVARY CHARISTIMATIC BAPTIST CHURCH Matt•rn on whleh w• w• requlr•d to rw by oxc•ptloTh We hgvo nofvr4 lo report im r•y¢t of the Jknry'ng in 10 th• Clwtrs 2011 rtyukos report to you if, in our owrdon.. . Infarmatk)n g¥en ft1￿ of thè TAtsta•8 In rn8F•La YAth th• finwW stslemonts., or bra￿h•S noi visited by us.. the fin￿¢￿￿1 not in aye•M￿l ith th• Mtc¢ds arld let￿r￿. ¢r • have ro¢ rO￿l¥d dl the ln10m￿tiOfft èXkkntions rnqukn• lor ￿r•￿dIt R••pon•lbllltkn oflnMt•tt a• As eX￿Oin0d rnore fvlly in Iho diredrM$' rospon¥￿￿ sl•m8rrt. the &"r8rarKs wo r•sp￿￿￿O lor the pl•parat￿ of th• llnancial slatomenls and for b•iTrg Set￿ Ihat tlw g¥• a w¥J fu vw. irrtemal cLintr¢A 45 the dlrectors determire 15 nece¥sJry to enalkn the preparntiw of slatements that ar• fre• frc4n meleiijl mvdstalemert, olh•r du• ks fr4ud or wror. Tho tru$t••s h8v• 81oCt•d lty th• 8tst•rnents to h wjrted In acc(¥danc• thg Charftlg8 Act 2011 rathor than lh• CompaTh•s Ad 2006. Accordl￿y. hAv• betn 8pwnt8d as a￿artorS und•r S•ctiCA1 144 of Iho Charftios Act 2011 and rnFuI in aectydance wth rwlatths m•a• untjer Se¢lion 154 of that ACL Our r88pon￿b1I1tS•s Is to audit aNI 8xprtss an ¢)n th• Statom￿ in accordanc• vath applicable law and Intemal#)nal Standards on A￿lItsng IUK and Irelandl. Those 8tsndards roquire us to ¢omply the Aud￿rg Bowd'8 EthK•l SI4￿ ts Au¢Ytty8. Audttor'• r••pon•lbillU•• lor th• •utht ol tr• fin￿¢0•1 •l•t•m•nts Our objectiVOS are ¢0 obtsin rga¥onaW¢ assuran￿ ab￿rt %thgthgr the finwdol Statèrt￿nts as a orè frèg from mat8ri81 mls8lat•mnt, wholher du• to fraud of tsrror, to issue an 8Lhlitorfs rnport that indudes our oplnion. Reasonable assurarKe Is a high of assurarKe trwjt Is noi a 9uaranlee that an audit conducted In accordance with ISAS IVKI wil 9￿y7 dgte¢l a material mi53tstemgnt %then il exlg18. Mi¥¥tatemgnt¥ 8ri$g from fra￿1 or affor and aw o￿ldOr8d matfjn If, indNidually or Iha agpragalè. Ihoy ¢ould r•asonab￿ b& •xp•ct8d io Influ•neè tho a¢￿0M1¢ d￿lS1on$ ol uws iakon on tho bas￿ of thasa finartial slatom•nls. IrregLtlaritl•s, Indudlng frath4, t instances ol norrtom￿lArK8 7*Ath lawra and reguL4tlons. Wè dèslgn procedures kn line our re8pM￿￿11￿•s. (X￿1n¢d above. to detect m8tsii81 mlsstetements in respect ol IvTegularttloB. IncludiThJ Iraud. Abr8h8m Dunc8rt-WHlkvftt FCCA (Senlor Slalulr¥y Auditor) ADWlkn$&C¢ 102 Gr••n Lan 20 JaNary 2025 sw 8ss

CALVARY CHARISTIMATIC BAPTIST CHURCH Income Statement for the year ended 31 December 2023

Notes
Offerings & donnations
Grant received
Other income
Total incoming resources
Net Incoming Resources available for
charitable applications
Costs of activities undertaken directly
Support costs
Finance costs
Governance costs
Total resources expended
4
Loss on sale of fixed assets
Interest receivable
Gross transfers between funds
Net movement in funds
Total Funds brought forward
Total Funds carried forward (see note 5)
Operating activities in furtherance of
charity's objectives
Net incoming resources before
transfers
Net incoming Resources before
revaluations and investment asset		 Unrestricted
Funds
2023
£
655,900
-
212,819
94,291
963,010
963,010
509,224
237,725
54,029
16,640
817,618
145,392
-
345
-
145,737
145,737
2,828,217
2,973,954		 Restricted
Funds
2023
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
Funds
2023
£
655,900
-
212,819
94,291
963,010
963,010
509,224
237,725
54,029
16,640
817,618
145,392
345
-
145,737
145,737
2,828,217
2,973,954		 As restated
Prior Period
Total Funds
2022
£
722,640
-
200,440
64,500
987,580
987,580
495,465
270,516
64,709
21,749
852,439
135,141
(27,782)
139
-
107,498
107,498
2,720,719
2,828,217

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

9

CALVARY CHARISTIMATIC BAPTIST CHURCH Statement of Financial Position as at 31 December 2023

Notes
Fixed assets
Tangible assets
8
Current assets
Cash at bank and in hand
Creditors: amounts falling due
within one year
9
Net current liabilities
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		 95,659
(134,530)		 2023
£
4,006,357
(38,871)
3,967,486
(993,532)
2,973,954
2,973,954
2,973,954
2,973,954		 As restated
( see note 5)
2022
£
4,009,015
91,592
(179,799)
(88,207)
3,920,808
(1,092,591)
2,828,217
2,828,217
2,828,217
2,828,217

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 20 January 2025

10

CALVARY CHARISTIMATIC BAPTIST CHURCH

Statement of Total Recognised Gains and Losses
for the year ended 31st December 2023
Excess of Income over expenditure before realisation
of assets
Prior year adjustment (see note 5)
Net Movement in funds before taxation		 As restated
2023
2022
145,737
124,698
(17,200)
145,737
107,498

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 31st December 2023

Accumulated fund
Accumulated Revenue Funds b/fwd
Recognised gains and losses
Correction of prior year errors
Closing Accumulated fund		 Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
2023
2023
2023
2022
£
£
£
£
2,828,217
-
2,828,217
2,720,719
145,737
-
145,737
107,498
2,973,954
2,973,954
2,828,217
2,973,954
-
2,973,954
2,828,217

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

11

CALVARY CHARISTIMATIC BAPTIST CHURCH Statement of Cash Flows

for the year ended 31 December 2023

Notes
Operating activities
Operating profit for the period
Adjustments for:
Loss on sale of fixed assets
Interest receivable
Depreciation
Increase/(Decrease) in creditors
Interest received
Net Cash from operating activities
Investing activities
Payments to acquire tangible fixed assets
Net Cash from investing actvities
Financing activities
Repayment of loans
Net Cash from financing actvities
Net Cash flow from operating activities
Net Cash flow from investing activities
Net Cash flow from financing activities
Net Cash flow from activities
Cash and cash equivalents at 01 January 2023
Cash and cash equivalents at 31 December 2023
Cash and cash equivalents comprise:
Cash at bank		 2023
£
145,737
-
(345)
19,012
(72,756)
91,648
345
91,993
(16,354)
(16,354)
(71,572)
(71,572)
91,993
(16,354)
(71,572)
4,068
91,592
95,659
95,659		 2022
£
107,498
27,782
(139)
20,151
(1,840)
153,452
139
153,591
(117,372)
(117,372)
(28,961)
(28,961)
153,591
(117,372)
(28,961)
7,258
67,134
91,592
91,592

12

CALVARY CHARISTIMATIC BAPTIST CHURCH Notes to the Accounts for the year ended 31 December 2023

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 2008 (SORP 2008).

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 accruals 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 accruals 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 CHARISTIMATIC BAPTIST CHURCH Notes to the Accounts for the year ended 31 December 2023

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.

Tangible 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 follows:

Motor vehicles - 15% per annum net book value
Plant and machinery - office, music equipment - 20% per annum net book value
Nursery equipment & Improvements - 10 % per annum net book value

Capital 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 March 2008), 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

CALVARY CHARISTIMATIC BAPTIST CHURCH Notes to the Accounts for the year ended 31 December 2023

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 Audit information

The Report and Financial Statements were audited by:

Senior statutory auditor: Abraham Duncan-Williams FCCA Firm: A D Williams & Co Date of audit report: 20 January 2025

4 Net incoming resources 2023 2022
£ £
This is stated after charging:
Depreciation of owned fixed assets 19,012 20,150
Auditors'remuneration 6,000 6,000

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)

5 Prior year adjustment

During the previous year the church entered into an agreement to buy a property in Accra as a Mission House. The agreement was not correctly interpreted and as such additions to land and buildings and liability due were incorrectly stated in the financial statements. Finance costs and remedial works on the property were not expensed correctly in the financial statement. Now being stated as below:

Total Funds
Accumulated Revenue Funds b/fwd
Prior year adjustment
As restated - 01January 2023
Recognised gains and losses		 2023
£
2,845,417
(17,200)
2,828,217
145,737
2,973,954		 2022
£
2,720,719
124,698
2,845,417
2023 2022
Land and buildings £ £

15

CALVARY CHARISTIMATIC BAPTIST CHURCH Notes to the Accounts

for the year ended 31 December 2023

Cost b/fwd
Additions
Prior year adjustment
As restated 1 january 2023
Creditors amounts falling due within one year
Bank loans
Other taxes and social security costs
Other creditors - prior year adjustment
Accruals
As restated 31 December 2022
6
Staff costs
Wages and salaries
Social security costs		 4,525,975
59,753
4,585,728
2023
£
156,553
13,230
169,783		 4,445,093
80,882
4,525,975
2022
£
86,013
10,833
76,953
6,000
179,799
2022
£
145,830
12,432
158,262

16

CALVARY CHARISTIMATIC BAPTIST CHURCH Notes to the Accounts

for the year ended 31 December 2023

Average number of employees during the year
Management & Administration
Engaged on charitable activities
There were no employees with emoluments in excess of £50,000 per annu
7
Changes in resources applied for fixed assets
Resources applied on Fixed Assets for charitable use
Add Grants Received to fund fixed assets
Net movement in funds available for future activities
8
Tangible fixed assets
Land and
buildings
Nursery
Equipment &
Improvements
At cost
£
£
Cost or valuation
At 1 January 2023
4,585,728
105,231
Additions
-
-
At 31 December 2023
4,585,728
105,231
Depreciation
At 1 January 2023
676,434
81,158
Charge for the year
-
2,407
At 31 December 2023
676,434
83,565
Carrying amount
At 31 December 2023
3,909,294
21,666
At 31 December 2022
3,909,294
24,073
Net movement in funds from Statement of Financial
Activities		 Number
2
6
8
m.
2023
£
145,737
(16,354)
129,383
Fixtures,
fittings,and
equipment
£
287,535
-
287,535
231,428
11,221
242,649
44,886
56,107		 Number
2
5
7
2022
£
107,498
(154,135)
(46,637)
Motor
vehicles
£
22,990
16,354
39,344
3,449
5,384
8,833
30,511
19,541		 Total
£
5,001,484
16,354
5,017,838
992,469
19,012
1,011,481
4,006,357
4,009,015

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.

17

CALVARY CHARISTIMATIC BAPTIST CHURCH Notes to the Accounts

for the year ended 31 December 2023

9
Creditors: amounts falling due within one year
Bank loans
Other taxes and social security costs
Pension
Other creditors
Accruals and deferred income
10 Creditors: amounts falling due after one year
Bank loans		 2023
£
113,500
7,750
1,253
6,027
6,000
134,530
2023
£
993,532		 2022
£
86,013
10,833
-
76,953
6,000
179,799
2022
£
1,092,591

11 Persons of significant influence

Persons of significant influence at Calvary Charistimatic Church are the Trustees.

12 Legal Entity

Calvary Charismatic Baptist Church is an incorporated Charity limited by guarrantee.

13 Endowment funds

The charity had no endowment funds in the year ended 31 December, 2023

14 Legal form of entity and country of incorporation

CALVARY CHARISTIMATIC BAPTIST CHURCH is a private company limited by guarantee without share capital 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

18

CALVARY CHARISTIMATIC BAPTIST CHURCH Schedule to the Statement of financial Activities for the year ended 31 December 2023

Incoming resources

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
Tithes & Weekly offerings
Covenant Aid - income tax recoverable
Income of revenue nature
Non governmental and none public bodies
Incoming resources of revenue nature
Annual Thanksgiving
Total Grants,Legacies & Donnations Received
Operating activities in furtherance of the charity's
objectives
Other income
Gains
Capital gains - disposal
Total incoming resources		 Unrestricted
Funds
2023
£
-
-
-
-
614,226
41,674
655,900
212,819
212,819
868,719
94,291
-
963,010		 Restricted
Funds
2023
£
-
-
-
-
-		 Total
Funds
2023
£
-
614,226
41,674
655,900
212,819
212,819
868,719
94,291
-
963,010		 Prior Period
Total Funds
2022
£
-
-
-
615,439
107,201
722,640
200,440
200,440
923,080
64,500
-
987,580

19

CALVARY CHARISTIMATIC BAPTIST CHURCH Schedule to the Statement of financial Activities for the year ended 31 December 2023 Charitable expenditure

Cost of activities undertaken directly
Media & TV ministries
Wages and salaries
Employers NIC
Pension cost
Motor expenses
Missions Abroad
Guest speakers & preachers
Donations & charity
Services and church expenses
Subscriptions & publications
Welfare/funerals /marriages
Travel
Material consumed
Support costs
Human costs
Wages and salaries
Employer's NI
Pension cost
Training
Entertaining
Premises costs
Rent and rates
Light and Heat
Cleaning and laundry
General support
Telephone
Printing,postage and stationery
Equipment hire
Repairs and maintenance
Depreciation of assets used for charitable purposes
Finance costs
Interest payable
Bank charges
Other finance charges		 Unrestricted
2023
£
13,955
73,198
4,237
1,094
21,548
58,655
8,600
50,006
64,279
93,535
100,067
20,050
-
509,224
83,355
8,993
7,088
-
99,436
44,957
35,158
9,738
89,853
4,743
12,433
-
12,248
19,012
48,436
41,929
6,693
5,407
54,029		 Restricted
2023
£
-
-
-
-
-		 Total
2023
£
13,955
73,198
4,237
1,094
21,548
58,655
8,600
50,006
64,279
93,535
100,067
20,050
-
509,224
83,355
8,993
7,088
-
-
99,436
44,957
35,158
9,738
89,853
4,743
12,433
-
12,248
19,012
48,436
41,929
6,693
5,407
54,029		 Prior Period
2022
£
3,528
63,315
3,063
845
22,744
111,364
45,860
21,995
110,728
3,234
75,955
4,339
28,495
495,465
82,515
9,369
7,004
-
-
98,888
59,129
22,604
9,085
90,818
2,452
2,819
2,174
53,215
20,150
80,810
36,116
23,606
4,987
64,709

20

CALVARY CHARISTIMATIC BAPTIST CHURCH Schedule to the Statement of financial Activities for the year ended 31 December 2023

Governance
Audit fees
Other professional fees
Insurance
Total expenditure		 Unrestricted
2023
£
6,000
2,078
8,562
16,640
817,618		 Restricted
2023
£
-
-		 Total
2023
£
6,000
2,078
8,562
16,640
817,618		 Prior Period
2022
£
6,000
8,662
7,087
21,749
852,439

21