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← Calvary Charismatic Baptist Church

2024-12-31-accounts

Company registration number: 05921668 Charity Commission registration number: 1116360

CALVARY CHARISMATIC BAPTIST CHURCH

Report and Financial Statements

31 December 2024

CALVARY CHARISMATIC BAPTIST CHURCH Report and accounts Contents

Page
Company information 1
Trustees' report 2 - 5
Statement of trustees' responsibilities 6
Independent auditors report 7 - 8
Statement of financial activities 9
Balance sheet 10
Statement of total recognised gains and losses 11
Statement of Cash Flows 12
Notes to the financial statements 13 - 17
Schedule to the statement of financial activities 18 - 20

CALVARY CHARISMATIC BAPTIST CHURCH Company Information

Trustees

Rev Benard Oppon Rev. Stephen Mensah Rev. Kennedy Kankam Boateng

Secretary

Rev. Philippe Mensan

Auditors

Goldwins Limited 75 Maygrove Road London NW6 2EG

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, 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 2024.

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

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

Goldwins Limited 75 Maygrove Road London NW6 2EG

Bankers

Royal Bank of Scotland 62/63 Threadneedle Street Box 412 EC2R 8LA

Barclays Bank Plc 737 Barking Road London E13 9PL

2

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 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 dayto-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 CHARISMATIC BAPTIST CHURCH

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.

Successful 30[th] Anniversary Celebration with Special Guest Speakers, Friends and Families from all over the world. Climate was reached on Sunday with Guest Artists from Nigeria and Ghana

Online services, radio ministry and zoom meetings are contributing to the spiritual upliftment on the members.

New Pastors were ordained during the CFC. Pastor David Otoo 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 and Togo. For two consecutive years, 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.

4

CALVARY CHARISMATIC BAPTIST CHURCH

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 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 £853,710 which includes the interest receivable of £358 and total resources expended were £783,983 and leaving a total amount £70,085 as the net surplus.

Funds (which are all Unrestricted) at the end of the year after realised surplus stand at £70,085.

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, 2024:

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

5

CALVARY CHARISMATIC BAPTIST CHURCH

Statement of responsibilities of the trustees

The trustees (who are also directors of charitable company for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

followed, subject to any material departures disclosed and explained in the financial statements

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement as to disclosure to our auditors

In so far as the trustees are aware:

Auditors

Goldwins limited were appointed as the auditors of the charitable company during the year and have expressed their willingness to continue in that capacity.

13/10/2025

The trustees’ annual report has been approved by the trustees on ………………………….

and signed on their behalf by;

…………………………………………………………….

Rev Bernard Oppon Trustee

6

CALVARY CHARISMATIC BAPTIST CHURCH

Independent auditors’ report

To the members of Calvary Charismatic Baptist Church

Opinion

We have audited the financial statements of Calvary Charismatic Baptist Church (the ‘Charity’) for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements:

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 Auditorʼs responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRCʼs 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 trustees’ 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 charity'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 trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditorʼs report thereon. 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.

In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• the information given in the trustees' report (incorporating the directors' report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and • the trustees' report (incorporating the directors' report) have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

7

CALVARY CHARISMATIC BAPTIST CHURCH

Independent auditors’ report

To the members of Calvary Charismatic Baptist Church

Responsibilities of the trustees

As explained more fully in the trusteesʼ responsibilities statement, the trustees 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 they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the Charityʼs ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.

Our 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 auditorʼs 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. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Councilʼs website at: [www.frc.org.uk/auditorsresponsibilities]. This description forms part of our auditorʼs report.

Use of our report

This report is made solely to the Charityʼs members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Charityʼs members those matters we are required to state to them in an auditorʼs 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 Charity and the Charityʼs members as a body, for our audit work, for this report, or for the opinions we have formed.

A hha ory Epteon Anthony Epton (Senior Statutory Auditor) for and on behalf of Goldwins Limited Statutory Auditor Chartered Accountants 75 Maygrove Road West Hampstead London NW6 2EG

13 October 2025

8

CALVARY CHARISMATIC BAPTIST CHURCH Statement of Financial Activities (incorporating income and expenditure account) for the year ended 31 December 2024

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
4
Loss on sale of fixed assets
Interest receivable
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

2024
£
503,164
-
155,324
195,222		 Restricted
Funds
2024
£
-
-
-
-		 Total
Funds

2024
£
503,164
-
155,324
195,222
853,710
 Prior Period
Total Funds
2023
£
655,900
-
212,819
94,291		 Prior Period
Total Funds
2023
£
655,900
-
212,819
94,291
853,710 - 963,010
853,710
567,995
153,069
44,904
18,015
-
-
-
-		 - 853,710
567,995
153,069
44,904
18,015
783,983
69,727
358
-
70,085
70,085
2,973,954
3,044,039		 963,010

509,224
237,725
54,029
16,640
817,618
783,983
69,727
-
358
-		 -

-
70,085
70,085
2,973,954		 -
-
-
3,044,039 -

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 CHARISMATIC BAPTIST CHURCH Statement of Financial Position as at 31 December 2024

Notes 2024 2023
£ £
Fixed assets
Tangible assets 8 4,000,348 4,006,357
Current assets
Cash at bank and in hand 92,631 95,659
Debtors 9 415
liabilities
within one year 10 (89,738) (134,530)
Net current assets / (current liabilities) 3,308 (38,871)
Total assets less current
liabilities 4,003,656 3,967,486
Creditors: amounts falling due
after more than one year 11 (959,617) (993,532)
Net assets 3,044,039 2,973,954
Capital and reserves
Unrestricted revenue reserves 3,044,039 2,973,954
Resources freely available 3,044,039 2,973,954
Accumulated Funds 3,044,039 2,973,954

The financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime with in part 15 of the Companies Act 2006.

The financial statements are approved by the trustees and authorised for issue on 13/10/2025 and signed on their behalf by:

…………………………………………………………….

Rev Bernard Oppon Trustee

Company registration number: 05921668

10

CALVARY CHARISMATIC BAPTIST CHURCH

Statement of Total Recognised Gains and Losses for the year ended 31st December 2024

Statement of Total Recognised Gains and Losses
for the year ended 31st December 2024
Excess of Income over expenditure before realisation
of assets
Net Movement in funds before taxation		 2024
2023
70,085
145,737
70,085
145,737

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 2024

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
2024
£
2,973,954
2024
£
-
2024
£
2,973,954
2023
£
2,828,217
70,085
-
70,085
145,737



3,044,039
3,044,039
2,973,954
3,044,039
-
3,044,039
2,973,954

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 13 to 20 form an integral part of these accounts

11

CALVARY CHARISMATIC BAPTIST CHURCH Statement of Cash Flows for the year ended 31 December 2024

Operating activities
Notes
Operating profit for the period
Adjustments for:
Loss on sale of fixed assets
Interest receivable
Depreciation
(Increase)/Decrease in Debtors
Increase/(Decrease) in creditors
Interest received
Net Cash from operating activities
Investing activities
Payments to acquire tangible fixed assets
Net Cash from investing activities
Financing activities
Repayment of loans
Net Cash from financing activities
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 2024
Cash and cash equivalents at 31 December 2024
Cash and cash equivalents comprise:
Cash at bank		 2024
£
70,085
-
(358)
17,946
(415)
(5,000)
82,258
358
82,616
(11,937)
(11,937)
(73,707)
(73,707)
82,616
(11,937)
(73,707)
(3,028)
95,659
92,631
92,631		 2023
£
145,373
-
(345)
19,012
(1,840)
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

12

CALVARY CHARISMATIC BAPTIST CHURCH Notes to the Accounts for the year ended 31 December 2024

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 - effective 1 January 2019) - (Charities SORP FRS 102) and the Companies Act 2006.

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 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 accrual’s 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 2024

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 accumulated 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 CHARISMATIC BAPTIST CHURCH Notes to the Accounts for the year ended 31 December 2024

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: Anthony Epton Firm: Goldwins Limited Date of audit report:

4
Net incoming resources
This is stated after charging:
Depreciation of owned fixed assets
Auditors ‘remuneration		 2024
£
17,946
7,000		 2023
£
19,012
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 January 2019), are shown in the Detailed Schedule to the Statement of Financial Activities on pages 18 to 20)

5 Taxation

The charitable company is exempt from corporation tax as all its income is charitable and applied for charitable purposes.

6
Staff costs
Wages and salaries

Social security costs

Average number of employees during the year
Management & Administration
Engaged on charitable activities

2024
£
182,525
9,854		 2024
£
182,525
9,854		 2023
£
156,553
13,230

192,379
Number
0
12
192,379		 169,783

Number
2
6
8
12

There were no employees with emoluments in excess of £50,000 per annum.

15

CALVARY CHARISMATIC BAPTIST CHURCH Notes to the Accounts

for the year ended 31 December 2024

CALVARY CHARISMATIC BAPTIST CHURCH
Notes to the Accounts
for the year ended 31 December 2024
7
Changes in resources applied for fixed assets
Net movement in funds from Statement of Financial
Activities
Resources applied on Fixed Assets for charitable use
Add Grants Received to fund fixed assets
Net movement in funds available for future activities		 2024
£
70,085
(11.937)
58,148		 2023
£
145,737
(16,354)
129,383

8 Tangible fixed assets

Cost or valuation
At 1 January 2024
Additions
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the year
At 31 December 2024
Carrying amount
At 31 December 2024
At 31 December 2023		 Land and
buildings
At cost
£
4,585,728
-
4,585,728
676,434
-
676,434
3,909,294
3,909,294		 Nursery
Equipment &
Improvements
£
105,231
-
105,231
83,565
2,167
85,732
19,499
21,666		 Fixtures,
fittings,
and
equipment
£
287,535
11,937		 Motor
vehicles
£
39,344
-		 Total
£
5,017,838
11,937
5,029,775
1,011,481
17,946
1,029,427
4,000,348
4,006,357

299,472		 39,344

242,649
11,202
253,851
45,621
44,886

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.

16

CALVARY CHARISMATIC BAPTIST CHURCH Notes to the Accounts for the year ended 31 December 2024

9
Debtors:
Salaries
10Creditors: amounts falling due within one year:
Bank loans
Other taxes and social security costs
Pension
Other creditors
Adjustment
Accruals: Refund Leyton
Accruals and deferred income
11Creditors: amounts falling due after one year:
Bank loans		 2024
£
415
2024
£
73,708
6,468
1,246
3,200
(2,164)
281
7,000
89,739
2024
£
959,617


2023
£
-
2023
£
113,500
7,750
1,253
6,027
-
6,000
134,530
2023
£
993,532

12 Persons of significant influence

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

13 Legal Entity

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

14 Endowment funds

The charity had no endowment funds in the year ended 31 December, 2024

15 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.

16 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 2024

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 & Donations Received
Operating activities in furtherance of the charity's
objectives
Other income
Gains
Capital gains - disposal
Total incoming resources		 Unrestricted
Funds
2024
£
-
-
-
-
503,164
57,419
560,583
195,222
195,222
755,805
97,905
-
853,710		 Restricted
Funds
2024
£
-
-
-		 Total
Funds
2024
£
-
503,164
57,419
560,583
195,222
195,222
755,805
97,905
-
853,710		 Prior Period
Total Funds
2023
£
-
-
-
614,226
41,674
655,900
212,819
212,819
868,719
-
-		 94,291
-
963,010

18

CALVARY CHARISMATIC BAPTIST CHURCH Schedule to the Statement of financial Activities for the year ended 31 December 2024

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
Hospitality
Transport
Material consumed
Communication
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
2024
£
14,517
182,525
9,855
8,450
430
74,425
36,276
45,628
8,403
7,991
45,176
31,955
56,750
29,774
15,700
140
55~~5~~
567,995
-
-
-
-
-
-
63,827
29,522
5,925
99,274
4,953
7,991
-
22,905
17,946
53,795
39,792
5,112
-
44,904		 Restricted
2024
£
-
-
-
-
-		 Total
Prior Period
2024
£
2023
£
14,517
13,955
182,525
73,198
9,855
4,237
8,450
1,094
430
21,548
74,425
58,655
36,276
8,600
45,628
21,995
8,403
64,279
7,991
93,535
45,176
100,067
31,955
20,050
56,750
29,774
15,700
140
-
567,995
509,224
-
83,355
-
8,993
-
-
-
7,088
-
-
-
99,436
63,827
44,957
29,522
35,158
5,925
9,738
99,274
89,853
4,953
4,743
7,991
12,433
-
-
22,905
12,248
17,946
19,012
53,795
48,436
39,792
41,929
5,112
6,693
-
5,407
44,904
54,029

19

CALVARY CHARISMATIC BAPTIST CHURCH Schedule to the Statement of financial Activities for the year ended 31 December 2024

Governance
Audit fees
Other professional fees
Insurance


Total expenditure		 Unrestricted
2024
£
7,000
1,302
9,713

18,015
783,983		 Restricted
2024
£
-
-
-		 Total
2024
£
7,000
1,302
9,713
18,015
783,983		 Prior Period
2023
£
6,000
2,078
8,562

16,640

817,618

20