##
|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)|