| Contents | ||
|---|---|---|
| Independent Examiners |
Report | |
| Trustees Annual Report |
||
| Statement of Financial Activities | ||
| Balance Sheet | ||
| Detailed Statement of Financial Activities | ....47 | |
| Notes tothe Accounts.. | 8-14 |
| Unrestricted | Restricted | ||||
|---|---|---|---|---|---|
| funds | funds | Total funds | Total funds | ||
| 2023 | 2023 | 2023 | 2022 | ||
| Notes | E | E | f | ||
| Income and endowments | |||||
| from: | |||||
| Donations and legacies Charitable activities |
19,805 | 219,299 | 239,104 | 205,300 | |
| Other | 6,981 | 6,981 | 2,245 34,095 |
||
| Total | 26,786 | 219,299 | 246,085 | 241,640 | |
| Expenditure on: |
|||||
| Charitable activities Other |
62,346 36,781 |
107,886 | 170,232 36,781 |
142,233 22,958 |
|
| Total | 99,127 | 107,886 | 207,013 | 165,191 | |
| Net gains on investments | |||||
| Net income | (72,341) | 111,413 | 39,072 | 76,449 | |
| Transfers between funds |
|||||
| Net income before other | |||||
| gains/(losses) | (72,341) | 111,413 | 39,072 | 76,449 | |
| Other gains and losses | |||||
| Net movement in funds |
(72,341) | 111,413 | 39,072 | 76,449 | |
| Reconciliation offunds: | |||||
| Total funds brought forward | 175,827 | 7,795 | 183,622 | 107,173 | |
| Total funds carried forward | 103,486 | 119,208 | 222,694 | 183,622 |
| CALVARY MINISTRIES WORLDWIDE Balance Sheet at 31March 2023 |
CALVARY MINISTRIES WORLDWIDE Balance Sheet at 31March 2023 |
|||
|---|---|---|---|---|
| Charity No. 1119161 | 2023 | 2022 | ||
| E | f | |||
| Fixed assets | ||||
| Tangible assets | 9 | 279,168 | ||
| Investments | 10 | |||
| 279,168 | ||||
| Current assets | ||||
| Cash at bank and | in hand | 48,077 | 183,622 | |
| 48,077 | 183,622 | |||
| Net current assets | 48,077 | 183,622 | ||
| Total assets less current liabilities | 327,245 | 183,622 | ||
| Creditors: Amounts | falling due after more than one year | 11 | (104,551) | |
| Net assets excluding | pension asset or liability | 222,694 | 183,622 | |
| Total net assets | 222,694 | 183,622 | ||
| The funds ofthe charity | ||||
| Restricted funds | 12 | |||
| Restricted income funds |
7,795 | 7,795 | ||
| 7,795 | 7,795 | |||
| Unrestricted funds |
12 | |||
| General funds | 214,899 | 175,827 | ||
| 214,899 | 175,827 | |||
| Reserves | 12 | |||
| Total funds | 222,694 | 183,622 |
| Unrestricted | |||||
|---|---|---|---|---|---|
| funds | |||||
| 2023 | 2023 | ||||
| f | E | ||||
| Income and endowments | from: | ||||
| Donations | and legacies | ||||
| 19,805 | |||||
| 219,299 | |||||
| 239,104 | |||||
| Charitable | activities | ||||
| Outreach | |||||
| Other | |||||
| Sundry Income | 6,981 | ||||
| 6,981 | |||||
| Total income and endowments | 246,085 | ||||
| Expenditure on: |
|||||
| Charitable | activities | ||||
| Outreach | 107,886 | ||||
| 62,346 | |||||
| 170,232 | |||||
| Total ofexpenditure activities |
on charitable | 170,232 | |||
| Other expenditure | |||||
| Cost of | Charitable | Activities | |||
| 10,428 | |||||
| Bank loan and overdraft | interest | ||||
| payable | 4,333 | ||||
| 14,761 | |||||
| Employee | costs | ||||
| Staff entertainment | 239 | ||||
| Staff training | 1,160 | ||||
| Staff welfare | 128 | ||||
| 1,527 | |||||
| Motor and travel costs | |||||
| Travel and subsistence | 7,487 | ||||
| 7,487 | |||||
| Premises | costs | ||||
| Light, heat and power | 1,903 | ||||
| 1,903 |
| General administrative costs, |
|
|---|---|
| including depreciation and |
|
| amortisation | |
| Bank charges | 1,025 |
| Equipment expensed |
46 |
| General insurances | 903 |
| Information and publications |
269 |
| Postage and couriers | 546 |
| Stationery and printing | 47 |
| Subscriptions | 1,330 |
| Sundry expenses | 807 |
| Telephone, fax and broadband | 3,062 |
| 8,035 | |
| Legal and professional costs |
|
| Audit/Independent examination fees |
800 |
| Consultancy fees |
|
| Solicitor's fees | 2,268 |
| 3,068 | |
| Total ofexpenditure ofother costs |
36,781 |
| Total expenditure | 207,013 |
| Net gains on investments | |
| Net income | 39,072 |
| Net income before other | |
| gains/(losses) | 39,072 |
| Other Gains | |
| Net movement in funds |
39,072 |
| Reconciliation offunds: | |
| Total funds brought forward | 175,827 |
| Total funds carried forward | 214,899 |
| Total funds | Total funds |
|---|---|
| 2023 | 2022 |
| E | E |
| 19,805 | 20,662 |
| 219,299 | 184,638 |
| 239,104 | 205,300 |
| 2,245 | |
| 2,245 | |
| 6,981 | 34,095 |
| 6,981 | 34,095 |
| 246,085 | 241,640 |
| 107,886 | 142,233 |
| 62,346 | |
| 170,232 | 142,233 |
| 170,232 | 142,233 |
| 30 | |
| 10,428 | |
| 4,333 | |
| 14,761 | 30 |
| 239 | 100 |
| 1,160 | 215 |
| 128 | 1,118 |
| 1,527 | 1,433 |
| 7,487 | 9,008 |
| 7,487 | 9,008 |
| 1,903 | |
| 1,903 |
| 1,025 | 887 |
|---|---|
| 46 | 46 |
| 903 | 730 |
| 269 | 607 |
| 546 | 393 |
| 47 | |
| 1,330 | 1,396 |
| 807 | 1,891 |
| 3,062 | 1,237 |
| 8,035 | 7,187 |
| 800 | 800 |
| 4,500 | |
| 2,268 | |
| 3,068 | 5,300 |
| 36,781 | 22,958 |
| 207,013 | 165,191 |
| 39,072 | 76,449 |
| 39,072 | 76,449 |
| 39,072 | 76,449 |
| 183,622 | 107,173 |
| 222,694 | 183,622 |
| Fund accoun | Fund accoun | ting | ||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | funds | These are available for use at the discretion ofthe trustees in furtherance |
of | the | ||||
| general objects ofthe charity. | ||||||||
| Designated | funds | These are unrestricted funds earmarked by the trustees |
for particular purposes. |
|||||
| Revaluation | funds | These are unrestricted funds which include a revaluation |
reserve representing | the | ||||
| restatement of investment assets at their market values. |
||||||||
| Restricted | funds | These are available for use subject to restrictions imposed |
by the donor | or | through | |||
| terms ofan appeal. | ||||||||
| Income | ||||||||
| Recognition | of | Income is included in the Statement of Financial Activities |
(SoFA) when | the | charity | |||
| income | becomes entitled to, and virtually certain to receive, the income and the amount of |
|||||||
| the income can be measured with sufficient reliability. |
||||||||
| Income with | related | Where income has related expenditure the income and |
related expenditure | is | ||||
| expenditure | reported gross in the SoFA. |
|||||||
| Donations | and | Voluntary income received by way of grants, donations |
and gifts is included | in the | ||||
| legacies | the SoFA when receivable and only when the Charity has |
unconditional | entitlement | |||||
| tothe income. | ||||||||
| Tax reclaims | on | Income from tax reclaims is included in the SoFA at the |
same time as the | |||||
| donations | and gifts | gift/donation to which it relates. |
||||||
| Donated services | These are only included in income (with an equivalent amount in expenditure) |
|||||||
| and facilities | where the benefit tothe Charity is reasonably quantifiable, |
measurable | and | |||||
| material. | ||||||||
| Volunteer | help | The value ofany volunteer help received is not included |
in the accounts. | |||||
| Investment | income | This is included in the accounts when receivable. |
||||||
| Gains/(losses) on |
This includes any gain or loss resulting from revaluing investments to market |
value | ||||||
| revaluation | offixed | at the end ofthe year. | ||||||
| assets | ||||||||
| Gains/(losses) on |
This includes any gain or loss on the sale of investments. |
|||||||
| investment | assets |
| 2 | Statemen | t | ofFinancial | Activities - prior year | |||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | |||||
| 2022 | 2022 | 2022 | |||||
| Income and endowments | from: | ||||||
| Donations | and legacies | 20,662 | 184,638 | 205,300 | |||
| Charitable | activities | 2,245 | 2,245 | ||||
| Other | 34,095 | 34,095 | |||||
| Total | 57,002 | 184,638 | 241,640 | ||||
| Expenditure | on: | ||||||
| Charitable | activities | 142,233 | 142,233 | ||||
| Other | 22,958 | 22,958 | |||||
| Total | 22,958 | 142,233 | 165,191 | ||||
| Net | income | 34,044 | 42,405 | 76,449 | |||
| Net | income before other | ||||||
| gains/(losses) | 34,044 | 42,405 | 76,449 | ||||
| Other gains and losses: | |||||||
| Net | movement | in funds | 34,044 | 42,405 | 76,449 | ||
| Reconciliation | offunds: | ||||||
| Total funds brought forward | 99,378 | 7,795 | 107,173 | ||||
| Total funds carried forward | 133,422 | 50,200 | 183,622 | ||||
| 3 | Income from donations | and legacies | |||||
| Unrestricted | Total | Total | |||||
| 2023 | 2022 | ||||||
| 19,805 | 19,805 | 20,662 | |||||
| 219,299 | 219,299 | 184,638 | |||||
| 239,104 | 239,104 | 205,300 | |||||
| 4 | Income from charitable | activities |
| Total | Total |
|---|---|
| 2023 | 2022 |
| f | f |
| 2,245 | |
| 2,245 |
| Unrestricted | Total | Total | ||||||
|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||
| Sundry Income | 6,981 | 6,981 | 34,095 | |||||
| 6,981 | 6,981 | 34,095 | ||||||
| 6 | Expenditure | on charitable | activities | |||||
| Unrestricted | Total | Total | ||||||
| 2023 | 2022 | |||||||
| Expenditure | on charitable | |||||||
| activities | ||||||||
| Outreach | 107,886 | 107,886 | 142,233 | |||||
| 62,346 | 62,346 | |||||||
| Governance | costs | |||||||
| 170,232 | 170,232 | 142,233 | ||||||
| 7 | Other expenditure | |||||||
| Unrestricted | Total | Total | ||||||
| 2023 | 2022 | |||||||
| Cost ofCharitable | Activities | 30 | ||||||
| 10,428 | 10,428 | |||||||
| Bank loan and overdraft | ||||||||
| interest payable | 4,333 | 4,333 | ||||||
| Employee costs | 1,527 | 1,527 | 1,433 | |||||
| Motor and | travel | costs | 7,487 | 7,487 | 9,008 | |||
| Premises costs | 1,903 | 1,903 | ||||||
| General administrative | costs | 8,035 | 8,035 | 7,187 | ||||
| Legal and professional | costs | 3,068 | 3,068 | 5,300 | ||||
| 36,781 | 36,781 | 22,958 |
| Cost or revaluation | ||
|---|---|---|
| Additions | 279,168 | 279,168 |
| At 31March 2023 | 279,168 | 279,168 |
| Net book values | ||
| At 31March 2023 | 279,168 | 279,168 |
| The freehold investment |
The freehold investment |
The freehold investment |
property | was acquired | on 8August 2022. | |||
|---|---|---|---|---|---|---|---|---|
| 11 | Creditors: | |||||||
| amounts | falling due | after | more than one year | |||||
| 2023 | 2022 | |||||||
| f | f | |||||||
| Bank loans and overdrafts | 104,551 | |||||||
| 104,551 | ||||||||
| Liabilities | repayable | in more than | five years | |||||
| after the balance sheet date |
| 12 | Movement in funds |
|||||
|---|---|---|---|---|---|---|
| Incoming | ||||||
| resources | ||||||
| (including | Resources | At31 | ||||
| At 1April | other gains/losses |
expended | March 2023 |
|||
| 2022 | ) | |||||
| f | ||||||
| Restricted funds: | ||||||
| Restricted income funds: | ||||||
| Donations 8 Legacies 2 | 7,795 | 7,795 | ||||
| Total | 7,795 | 7,795 | ||||
| Unrestricted funds: |
||||||
| General funds | 175,827 | 246,085 | (207,013) | 214,899 | ||
| Total funds | 183,622 | 246,085 | (207,013) | 222,694 | ||
| Purposes and restrictions |
in relation to the funds: | |||||
| Restricted funds: | ||||||
| Donations 8 Legacies 2 | ||||||
| 13 | Analysis ofnet assets between funds |
| Analysis ofnet assets between funds | |||
|---|---|---|---|
| Unrestricted | Restricted | ||
| funds | funds | Total | |
| f | f | ||
| Fixed assets | 279,168 | 279,168 | |
| Net current assets | 18,008 | 30,069 | 48,077 |
| Creditors due in more than one year and | |||
| provisions | (104,551) | (104,551) | |
| 18,008 | 204,686 | 222,694 |
| Reconciliation ofnet debt | |||
|---|---|---|---|
| At 31 | |||
| At 1April | March | ||
| 2022 | Cash flows | 2023 | |
| f | E | E | |
| Cash and cash equivalents | 183,622 | (135,545) | 48,077 |
| 183,622 | (135,545) | 48,077 | |
| Bankloans | (104,551) | (104,551) | |
| (104,551) | (104,551) | ||
| Net debt | 183,622 | (240,096) | (56,474) |