CALVARY MINisfRIES WORLDWIDE
Charfty No. 1119161
Tru5tee< Report and Unauthted Accounts
31 Mwth 2021

Contents
Independent Examiners Report
Trustee5 Annual Rew)rt
Statement of Financial Acttvtties
Balance Sheet
Detailed Statement of Finèncial Activities
Note5 to the A£c(wnts....-..... .
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CALVARY MINISTIUES WORLDWIDE
TRUSTFES REPORT
ST
FOR THE YEAR ENDED 31 MARCH 2021
Name: Calvary Ministries Worldwide
Address: Clo P&stor Olutayo Ayod¢l@ RCCG (Sanctuary Parish), Grove Crescenl Stratford. E15 IBJ
Chari
Number. 1119161.
Inland Revenue Number. xr 4221
Trnstees
l. O. Ayodele. 2. 0. OluglKMJi' 3. 0. Adams" 4. S. Fatunw&she" 5. S. Kputu
Ac¢ount2nts
Surrey Book-keeping Services Ltd
3 Floor, Paul Street
London, England
EC2A 4NE
Bankers
Barclays Bank
Reading 2 Branc
90-93 Broad Street. Reading.
RGI 2AP
Activities:
- Mr. Kola Kehinde. the Secretary, continued with the work from the n¢w ministy base in
the West Midlands reaching out (with his team of staff-volunteets) to our increasing number of
volunteers prayer groups, churches et¢. both in the Midlands and acro&s the United Kingdo
Work continued along the defmed ministry thrusts planned:
The training manuals are now being teste<L finetuned and packaged.
b. The Du(lley chapter h&s continued ￿nestlY building up for Kingdom capacity.
Training for Chapter meME￿ and partners is still being done.
d. We weie slowed down in delivering the Trauma Healing & Marriage Counselling to Churches etc.
by the COVtD-19 Pandemic but it b&s ptoved to become an avenue to help prepare people for
dcaling with th¢ em¢i8in¥ tsautlla in the face of a lot of catastrophe all around.
The online prayer initiatives continue to flourish for and volunteers to meet and pray for the work
and vaTiOUS nations. The COVID-19 Pandemic tmjosted thi5 during this period. We continued voluntary
work with various groups and churches to feed the homeless every week and work with tbem to meet
various other needs. ThÉs w&s however stopt*d by the Panden]ic lockdown later in the year. Our networks
in Birmingham and Dudley are&s and Iwond have kept expanding. even into Europe. Ls we kept offering
ourselves to help within the communities around and kyond ￿8. We continued to make efforts to buy an
operational Ministy base. but we did not achieve this in the year. We are trusting God to help us with this
acute need in the Dext financial year. We know tbis ￿11 ease a lot of financial burdens of having to keep
hiring hot¢ls when we need to bring togeth¢r different t*ople foT mentoring (including youths & young
adults, singles and married etc.).

EurAsiAP- The Internalional Office h&s mandated CAPRO UK to extend its oversight to Europe, Asi
Australii and the Pacific Islands. To this end. we are enlarging and strengthening the work in the UK and
other sister Calvary Ministries charities in France and Ihe Republic of Ireland to enable this push. We wryll
still be engaged with these: _
a. Working with youths and children for discipleship and early help in the face of curr¢nt crisis e.g.
knife crimes etc.
b. Raising multi-cultural teams rdther than the current mono-cultural one.
Bi-vocational appmach to missions. in tune with our contexL
d. Repackaging Training modules to make it more altractive and culturally sensitive to all. Evolve
training models to enable the ideology in 'c" a￿Ve.
Explore other training facility options while developing the Training Packages. ¢.g. use of
unusedlunderutilised Church facilities available initially rather than focus mainly on getting
candidates into a residential b￿.
CIIPRO UK as a Sending Country and Regional office= W¢ have begun to evolve new stn￿tureS to be
able to ¢ater for this enlargement project itrto Europe. Asi4 Australi4 and the Pacific Island5. Th¢se
include:
Mobilisation to incre&s¢ staff capacity and develop a more mbust volunteer policy.
b. Develop a Training model with the cuTrent 'lrreducible minimum. CAPRO International model in
view, for our missionary training. This done with care not to reduce quality whilst putting
the cultlwal context in view also.
Bi-votational mission work: has now taken off and we have begun to encourage working
professionals into Mark¢tPlace ministry in our mobilisation.
We continue to engage with our I￿I churches to boost community engagement at various levels.
One of our staff (a trained counsellor). continues to volunteer in Individual and Relationship
Counselling. Others, as well as our partners across the nation, also work with their various
churches to deliver all nwmer of needed interventiolls through the churches into their various
conllnunities.
The annual Discipleship and Missions Conference 2020 twk place online. for tbe fi￿t time, due to the
COVID-19 pandemic. It w&s very well attended by all our members from across the county and beyond.
The theme was 'Understanding th¢ times... So what?. and our main speaker w&s our fomier International
Director, Sam KputtL
Our volunteers and partners have continued in their consistent prayers, giving and tireless service for the
growth of the work. The Chapter members still meet r¢gularly in some toNvns/cities and more are actively
participating in church leadership or outreach activities such as youth and children worL discipleship
teachings, comtllunity engagements and evangelism through their churches. We remain grateful to them
i.
Our quest for buying a propety for the growing work is still ongoing. W¢ continue working with our
parlners to Taise more resources for this purwse. We want to be more available to our peopl¢ 2nd increase
our outreach within our community. We hope to wotk more earnestly on this in the new year.
We have Continued to keep up with our obligations to the donors by keeping in touch with them aDd
offering infomiation concerning their donations. We continue to ensure that all designated (restricted)
funds goi to all the right recipients in their various countries. We have facilithted closer contact between
donors and the voluntsry workers they support as much as px)ssible. W¢ followed up with our offices in
each of the Countries the global Ministries work to ensure resources ate utilized as designated by the
donors. W¢ were able to visit only Nigeria because of the prevailing COVID-19 Pand¢mic. We however

kept in touch with all our parthets and sister agencies througb Online conferencing platfOrn￿. We also
continued the fortiiightly online Peer-mentorsbip Programmes with our colleagues tn Australi& We
taught Discipleship, Introduction to Missions and Holin¢ss. Holy Spirit and Prayer in Missions online by
ZOOM in various pla¢¢s across Englan(L S¢otlan(L Northern Ireland and in Polan￿ Romani4 and
Gernmny. We also mentored vaTiOUS people and groups across the world on diverse online plarfornis. We
facilitated successful Trnuma Healing trainings in the Ullited Kingdom and the Republic of Ireland and
some that ran across the world.
The projects and Voluntee￿ we have managed to support are in the following countries: Niger Republic,
Nigeri￿ cam¢roU￿ South Afric4 Benin Republic, South su￿ Gambi4 Liberi4 United Kingdom.
Guine4 Tanzani4 Togo. Mozambique. Senegal, Botswan4 Bun￿￿ Rwand4 Madagascar, Mauritania
and Kenya.
Monies sent to different ￿pIC in the above countries have been used for vaTiOUS projects ￿lch include:
prostitute rehabilitatiow orphall care, training of adults &s well as children's schi)oling. medical and
general welfare of volunteers. accomtnodation for volunteeTS etc. Most of the income is designated from
source and we have kept faithfill lo our partsiers and suptxirters in ensuring their moni¢s were speDt as
designated.
Policies- We have continued uplating all our wlicie&
Trustees? Meetin
The Tn￿teeS met on the 30th of May 2020 and th¢ 14 ofNovemkr 2020. The meetings were well
attended by the Trustees. All tbe trustees have continued to work hard to move the Clwity forward. There
w¢r¢ oth¢r ad-hoc meetings during the year.
The Trustees are pleased with this year's developments and look to God to continue pursuing the
following directions in the New Year (202112022)-
Further extension of our SUp￿rt b&se
Increased discipleship and mission trainings in churches iyond our current reach
Increasing the prayer gmup b&8e Iyond present frontiers
Plan small but strategic mission conferences in other cities and towns in the UK.
Send EKople especially donors and partners on field trips and work camps to visiL engage with,
PTay and support outreach work outside the UK.
Networking fi￿her with the work in other are&s of Europe e.g. Republic of IrelanQ Belgiu
and France where we already have volunteers. Also build capacity in Poland and Gennany
Working with the Church in outreach 2nd discipleship among young people as well as adults in
the UK.
Set up a virile Sending and Coordination for the work of the EurAsiAP (Europe, Asi& and
Pacific) R¢gion.

CALVARY MINisfRIES WORLDWIDE
Statement of Flnancial Activities
for the year ended 31 Marth 2021
d funds
2021
nds Totsl funds Totsl funds
2020
2021
20Zi
Income and endowments
from:
Donations and legacies
Investments
14.824
129318
144.142
144,046
235
Other
1,729
1.729
72
Total
16.553
129.318
145,871
144,353
Expenditure on:
Charitable attrvities
Other
120.195
120.195
13,799
92.025
17,145
13,799
Total
13.799
120.195
133,994
109.170
Net gains on investments
Net income
2.754
9.123
11,877
35,183
Transfers between fvnds
Net Income before other
galnsl{lossesl
2.754
9.123
11.877
35,183
Other galns and losses
Net movement in funds
2.754
9,123
11.877
35,183
Reconciliatlon of funds:
Total fiinds brought foThvard
70.698
24.598
95.296
60.113
Total funds carrled forward
73.452
33.721
107.173
95,296
Page 4
Surw Book.Keeping SeThkes Ltd

CALVARY MINlSfRIES WORLDWIDE
Balance Sheet
at 31 March 2021
Charity No. 1119161
2021
2020
Current assets
Cash at bank and in hand
107,173
107.173
107,173
95,296
95,296
95,296
Net current assets
Totsl assets less current liabilllies
Net assets exduding pension asset or liability
107,173
95.296
107.173
95,296
Totsl net assets
107.173
95,296
The funds of the charity
Restrirted funds
Restrirted income funds
io
33.721
33,721
24.598
24,598
Unrestrirted funds
General funds
Designated funds
io
70.698
2,754
70,698
73.452
70.698
Reserves
io
Total funds
107.173
95,296
Approved by the trustees on 30 January 2022
And signed on their behalf by:
O. Ayodele
Trustee
30January 2022
Page 5
Jrrey 8ook-Keeping Seryices Ltd

CALVARY MINISTRIES WORLDWIDE
Detailed Statement of Finanaal Activitiés
for the year ended 31 March 2021
Unrestricte Restrirted
d funds
funds Total funds Total funds
2021
2021
2020
2021
Incorne and endowments from:
Donations and legacies
14,824
14,824
129,318
144.142
39.609
104,437
144.046
129.318
129.318
14.824
Investments
Bank Interest
235
235
Other
Sundry Income
1.729
1,729
1.729
1,729
72
72
Totsl income and endowments
16.553
129.318
145,871
144,353
Expenditure on:
Charitable activit￿5
Outreach
120.195
120,195
120.195
120,195
92.025
92,025
Total of expenditure on charitsble
artivitie5
120,195
120.195
92,025
Employee costs
Staff training
Staff welfare
495
95
495
922
95
165
590
590
1,087
Motor and travel costs
Travel and subsistence
3,124
3.124
3.124
3.124
5.342
5,342
General administrative costs.
including depreciation and
amortisation
Bank charges
Equipment expensed
General insurances
Information and publications
Postage and courier5
Software. IT support and related
cost5
l.(K)2
I.￿2
819
871
653
653
560
38
38
754
416
416
613
2.523
2,523
Subscriptions
Sundry expenses
Telephone, fax and broadband
2,103
1.931
1,373
10,085
2,103
1.931
1,373
10.085
1,646
3,152
1,476
9,891
Page 6
Surrey Book-Keepin8 Services Ltd

CALVARY MINISTRIES WORLDWIDE
Detalled Statement of Finanaal Activitles
Legal and professional costs
Auditllndependent examination
fees
825
825
Total of expendlture of other costs
Totsl expendlture
Net gains on investments
13.799
13,799
17,145
13.799
120.195
133.994
109.170
Net Income
2,754
11.877
35,183
Net income before other
galnsll105ses)
Other Gains
9.123
11,877
35.183
2.754
Net movement in funds
2.754
9,123
11.877
35,183
Reconciliati¢)n of fvnth:
Total funds brought fop*4ard
70,698
24.598
95.296
60,113
Total funds carrled fonmard
73.452
33.721
107,173
95.296
Page 7
Surrey Book.Keeping servi￿ Ltd

CALVARY MINisfRIES WORLDWIDE
Notes to the Accounts
f(Y the year ended 31 March 2021
l Accounting policies
Basis of preparation
The financial statements have been prepared in accordance wtth Ststement of Recommended Prattice:
Accounting and Reporting by Charities preparing their accounts in accordan￿ with the Financial
Reporting Standard applicable in the UK and Republic rf Ireland IFRS 1021 issued on 16 July 2014 and the
Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the
Charities Art 2011.
Change in basis of aCC￿nting or to Pre￿ accounts
There ha5 been no change to the accounting poliaes {valuation rules and method of accounting) since
last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds These are available for use at the discretion of the trustees in firrtherance of the
general obietts of the charity.
These are unrestricted fvnds earmarked by the trustees for particular purpose5.
These are unrestricted funds which include a revaluation reserve representing the
reststement of investment assets at their market values.
These are available for use subject to restrittions imposed by the donor or through
tenns of an appeal.
Designated funds
Revaluation fulld5
Restrirted funds
Income
Recognition of
income
Income is included in the Statement of Financial Activities ISOFAI when the charty
becomes entitled to, and virtualty certain to recerve. the income and the amount of
the income can be measured with suffictent reliability.
Income with related Where income has ￿lated expenditure the income and related expenditure is
expenditure
reported gross in the SOF
Donations and
legacies
Voluntsry income receNed by way of 8fdnts. donations and gift5 is included in the
the SOFA when receivable and onty when the Charrty has uncondrtional
entitlement to the income.
Tax reclaÈms on
Income from tax reclaims is In¢￿ded in the SOFA at the same time as the
donations and gFfts gift/donation to vthich it relate
Donated services
These a￿ only included in income (with an equivalent amount in expenditure)
and facilities
where the benefft to the Chartty is reasonably quantlfiable, measurable and
rnaterial.
Volunteer help
The value of any volunteer help recewed is not included in the attounts.
Investment income This is included in the accounts when receivable.
Gainslllossesl on
This include5 any gain or10ss ￿sUItIng from revaluing investments to market value
revaluation of fixed atthe end of the year.
assets
Gainslllossesl on
investrnent assets
This Includes any gain or loss on the sale of investmen
Page I

CALVARY MINisfRIES WORLDWIDE
Notes to the Accounts
Expendlture
Recognition of
expenditure
Expenditure is recognised on an accruals basis. Expenditure indudes any VAT which
cannot be fully recovered. and is reported as part of the expenditure to whith it
relatss.
Expenditure on
These comprise the costs associated with attracting voluntary income. fundrdising
raising ￿ndS
trading costs and investment management costs.
Expendtture on
These comprise the costs incurred by the Charity in the delrvery of it5 artivitie5 and
charitable activities services in the furtherance of its obierts. includin8 the making of grants and
governan￿ cos
All grant expendFture Is accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
These include those costs associated with meeting the constitutional and Statutory
requirements of the Charity, including any èuditrindependent examination fees,
costs linked to the strategK management of the Charity, together with a share of
other administration costs.
These are support costs not allcvted to a particular attp4ity.
Grants payable
Governance costs
Other expendrture
Taxation
The charity is exempt from tsx on ts charitable activitie&
Freehold Investmert property
Investment properties are measured Initial￿ at cost and subsequently at frdir value at each balance sheet
date and are not depreciated. Al gains or losses are taken to the Ststement of Finanual Activities as they
arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are ￿CogniSed at fair
value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtor5
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
PrepaymenTS ère valued at the amount prepaid net of any trade dixounts due.
Cash and cash equlvalents
Cash and cash equNalents comprise cash at bank and on hand. demand deposits wtth banks and other
short-temi highty liquid investments with or￿inal maturit￿5 of three months or less and bank overdrafts.
In the statement of financial position, bank overdrdfts are shown within borrowings or current liabiltties.
In the Statement of Cash Flows. cash and cash equivalents are shown net of bank overdrdfts that are
repayable on demand and fomi an irjteEral part of the company's cash management.
Trade and other (reditors
Short terni credttors are measure(l at the transartion prite. Other creditors and provisions a￿ recognised
where the charity has a present obligatK)n resulting from a past event that will probabty result in the
transfer of funds to a third party and the amount due to settle the obligation cèn be measured or
estimated reliabty. Credttors and provisions are nonnally recognised at their settlement amount after
allowing for any trade (liscounts due.
Page 2

CALVARY MINISTRIES WORU)WIDE
Notes to the Accounts
Research and development
Expenditure on research and development is written off in the year in whlch it is incurred.
Foreign currendes
Monetary assets and liabilities denominated in currencies other than the functional currency of the
charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transartioris in currencies otherthan the funrtional currency of the charity are recorded at the rate of
exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails tsking substantial￿ all the risks and rewards of
ownership of an asset, the lease is treated as a finavtce lease.
Leases which do not transfer substantially all the risks and rewards of ownership to chartty are classified
as operatrng lease5.
Assets held under finance leases are inwtially recognised as assets of the charity at their fair value at the
inception of the lease or. rf lower. at the present value of the minimum lease payments. The
corresponding liabilwty to the lessor is included in the balance sheet date as a finano lease obligation.
Lease payments are apportioned between finance expenses and redUCt￿n of the lease obligation so as to
achieve a constant rate of Inte￿5t on the remaining balance of the liabilty. Finance expenses are
recognised immediately. unless they are directly attributable to qualtfying assets. in which case they are
capitalised in accord3nce with the charty's policy on borrowing costs.
Assets held under finance leases are dep￿Ciated in the same way a5 owned assets.
Operating lease payments are recognised as an expense on a strdight-line basis over the lease term.
In the event that lease incentives are received to enter into operatin8 leases, such incentives a
recognised as a liabilty. The aggregate benefit of incentives is recognFsed as a re(luction of rental
expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a
pension plan under which the charity pays fixed contributions into a separate entty- Once the
contributions have been paid the chartty has no fijrther payments obligations. The contributions are
recognised as expenses when they fall due. Amounts not paid Jre shown in accrLsals in the balance sheet.
The assets of the plan are held separateiy from the charrty in independentl¥ administered funds.
Receipt of donated good5, facilities and servi
All donated goods. facilwties and servi￿5 received are recognised within incoming resource5 and
expendwture at an estimate of the value to the charity.
Page 3

CALVARY MINisfRIES WORLDWIDE
Notes to the Accounts
2 Statement of financial Acti¥ltie5- pri(>r year
Unrestrirted Restrfcted
funds
funds Total fund5
2020
2020
2020
Income and endowments from:
Donations and legacies
Investments
Other
39,609
235
104,437
144,046
235
72
72
Total
39,916
104,437
144,353
Expenditure on:
Charwtable activities
Other
16.320
92.025
108,345
825
825
Total
17.145
92,025
109.170
Net Income
22,771
12.412
35,183
Net income before other
gainsll105ses)
Othergains and10sses:
Other GaTrn5
22,771
12,412
35,183
12.523)
20,248
12,5231
32,660
Net movement in funds
12.412
Reconciliation olfunds:
Total funds brought foThvard
Total fvnds carried forward
50.450
12,186
62,636
70.698
24,598
95,296
3 Income from donati¢)ns and legacies
Total
Total
2021
2020
14.824
14.824
39.609
104.437
144.046
129,318
129.318
129,318
144,142
14.824
4 Income from investments
Total
Total
2021
2020
Bank Interest
235
235
Pa8e 4

CALVARY MINISTRIES WORLDWIDE
Note5 to the Accounts
5 Other income
UnrestrlLled
Total
Total
2020
2021
Sundry Intome
1.729
1.729
1.729
1.729
72
72
6 Expendlture on tharitable actl¥lties
Totsl
Total
2021
20ZO
Expenditure on choritable
ortwities
Outreach
120.195
120,195
92.025
Govern¢7nce costs
120.195
120.195
92,025
7 Other expenditure
Total
Total
20
2020
Employee costs
Motor and travel costs
59)
590
1,087
5,342
9.891
3.124
10.085
3,124
10,085
General administrative Costs
Legal and professional costs
825
13,799
13.799
17,145
8 Net income before transfers
2021
2020
This is stated after charging:
Independent Examinerfs fee
9 stsff costs
No employee received emoluments in ex￿$5 of £60.OLM).
825
Page 5

CALVARY MINISTrIES WORLDWIDE
Notes to the Accounts
10 Movernent in funds
Incoming
At31
Itnduding Resources
expended
March
At l April ￿l￿$/￿$Se5
2020
2021
Restricted fun(ts:
Restricted income funds:
Donations & Legacies
24.598
129.318
1120,1951
33,721
Total
24.598
129.318
1120.1951
33,721
Unrestricted fund5:
General funds
70,698
70,698
Designated funds:
Donations & Legacies
Totol
16.553
{13.7991
113,7991
2,754
16,553
2,754
Revaluation Reser¥es:
Total funds
95.296
145,871
1133,9941
107,173
Purposes and restrKtion5 in relation to the funds:
Restritted funds:
Donations & Legacies
Designated fvnds..
Donation5 & Legacies
11 Analysls of net assets between fvnd5
Unrestylcted Restricted
funds
funds
Total
Net current assets
12,617
12,617
94556
94.556
107,173
107,173
12 Recondliation of net debt
At31
March
2021
At l April
2020 Cash Ilows
Cash and cash equiialents
95.296
95.296
11.877
11.877
107,173
107,173
Net debt
95.296
11,877
107.173
Page 6