CALVARY MINISTRIES WORLDWIDE
Charity No. 1119161
Trustees' Report and Unaudited Accounts
31 March 2025
CALVARY MINISTRIES WORLDWIDE
Contents
| Contents | |
|---|---|
| Pages | |
| Independent Examiners Report | 3 |
| Trustees Annual Report | 4-6 |
| Statement of Financial Activities | 7-8 |
| Balance Sheet | 9 |
| Notes to the Accounts | 10-16 |
| Detailed Statement of Financial Activities | 17-20 |
CALVARY MINISTRIES WORLDWIDE Independent Examiners Report
Independent Examiner's Report to the trustees of CALVARY MINISTRIES WORLDWIDE
I report to the trustees on my examination of the financial statements of CALVARY MINISTRIES WORLDWIDE for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Yetunde Raimi-Odimayo Institute of Certified Bookkeepers(ICB) Surrey Bookkeeping Services Ltd 3rd Floor, Paul Street London
England EC2A 4NE 30 June 2025
Page 1
CALVARY MINISTRIES WORLDWIDE
TRUSTEES REPORT FOR THE YEAR ENDED 31[ST] MARCH 2025
Name: Calvary Ministries Worldwide
Address: 193 Burton Road, Derby, DE23 6AB
Charity Number: 1119161
Inland Revenue Number: XT 4221
Trustees
- O. Olugbodi; 2. M. Cocker; 3. O Taiwo; 4. O. Fatunwashe; 5. O. Olowe; 6. Dondo Iorlamen
Accountants
Surrey Bookkeeping Services Ltd 3rd Floor, Paul Street London England EC2A 4NE
Bankers
Barclays Bank Reading 2 Branch, 90-93 Broad Street. Reading. RG1 2AP
Activities: — Mr. Kola Kehinde, the Secretary and National Director, and his team of staff-volunteers continue to labour with various volunteers, prayer groups, churches, partners, etc. across the United Kingdom and in the region.
The EurAsiAP Region (Republic of Ireland, France, India, and Australia, etc.) has continued to enjoy grace to work together in:
-
a. Training for the regional audience both physically (on site) and remotely (online).
-
b. Building up our partners (CAPRO Sending Teams – CASTs, including chapters) for greater efficiency in each country and collaborative regional engagement.
-
c. Sharing resources across the Region e.g. member-care, training, skills, etc.
-
d. Preparing a strategy plan that feeds into the regional strategy which ultimately feeds a Global Strategy Plan for the year 2026.
-
e. Delivering trauma healing training, individual and marriage counselling to churches etc. to help people dealing with varied issues.
The ministry base in Derby has served various CAPRO staff and partners as the hub for our meetings as well as the home working base of the Director and his wife. It is worth noting that the mortgage repayment on the house is progressing wonderfully well.
Our Board of Trustees has continued to labour tirelessly to provide oversight and direction for the work.
Mark Cocker joined the Board on 21[st] March 2025 and has proved to be a very great asset to the Board.
We have continued to labour as a Sending Country in our Region and continue to work towards enabling growth across the region as we work together with our sister-agencies in France, the Republic of Ireland, India and Australia.
EurAsiAP – The work in the UK and across other sister Calvary Ministries charities in France, the Republic of Ireland, India, and Australia have been very encouraging. We and our sister-agencies across the region continue:
-
a. Working with youths and children (through established churches) for discipleship and early help in the face of current crises e.g. knife crime etc.
-
b. Making efforts to raise multi-cultural teams to be able to adequately address issues across cultural divides.
-
c. Embracing bi-vocational approach to missions, in line with our contexts.
-
d. Evolving simplified training models in line with the global ministries’ ‘Irreducible Minimum’ curriculum to prepare bi-vocational missionaries. This will keep in view vocations as they are prepared for the ministry God is calling them into.
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e. Working more with the Redeemed Christian School of Mission (RECSOM) in preparing men and women for ministry within their contexts and beyond as God grants them grace.
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f. Our diaspora work as we labour to help people enjoy the context into which they have come as we deliberately build relationships of mutual benefit to help them adjust to their environments.
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g. Supporting our Missionary Children (MKs) who have entered into the marketplace by mentoring them to be who God wants them to be in their chosen professions.
-
h. Teaching and training across the churches, alongside our CAST members on various fronts.
CAPRO UK Work:
-
a. RECSOM online training: Continued as usual. We also ran the Evangelism In Multi-Faith Space (EIMS) training. This involves training the church on reaching out to the diaspora at their doorsteps.
-
b. PRAYERS: God has continued to use the prayer cells as well as the family and individual prayer network to sustain the work.
-
c. DMC 2025: The 2025 Discipleship & Missions Conference was fantastic. It focused on the ministries 50[th] anniversary globally and 20[th] anniversary in the UK. It held on the evening of Friday 31[st] October and on Saturday 1[st] November 2025. The venue was Bridge Community Church, Rider St, Leeds. LS9 7BQ. The theme was, “Ebenezer – Thus far the Lord has helped us”.
-
d. Operation Joshua (OJ): Trip to Spain carried out in April 2025 with several partners and staff involved.
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e. Trauma Healing (TH): We have continued supporting staff, partners, and their children online as well as several Young Professionals (YPs).
-
f. YPs Hangout: There was a Young Professionals (YPs) Hangout over the weekend of 25[th] to 27[th] July 2025. It was attended by 26 YPs.
-
g. PARTNERS: The CAPRO UK CASTs have been continued to grow in both number and engagements with the fields. They have picked projects to pray for and support financially. We continue to work with the CAPRO CASTs in various ways.
-
h. PARTNERSHIP: We continued to partner with various sister-agencies and churches e.g. Bridge Community Church, WEC, AMF and AIM, and others.
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i. Outreaches: one-on-one evangelism, follow-up on various contacts went very well throughout the year on all fronts. We have kept in contact with most of the people we work with.
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j. We continued support for a number of churches with specific and targeted evangelism engagements. We also continued to engage with our local 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 manner of needed interventions through the churches into their various communities. These volunteers and partners have continued in their consistent prayers, giving and tireless service for the growth of the work. The Chapter members still meet regularly in some towns/cities and online, and more are actively participating in church leadership or outreach activities such as youth and children work, discipleship teachings, community engagements and evangelism through their churches. We remain grateful to them.
-
k. IT – CAPRO Global Digitalisation Project: We have continued to provide a robust and secure working environment for our volunteers as well as sister agencies. The global website is at an advanced stage though with ongoing resourcing challenges.
-
l. Bi-vocational work: our volunteers are bi-vocational, and we have kept encouraging more working professionals into marketplace engagements in our mobilisation.
We have continued to keep up with our obligations to the donors by keeping in touch with them and offering information concerning their donations. We continue to ensure that all designated (restricted) funds got to all the right recipients in their various countries. We have facilitated closer contact between donors and the voluntary workers they support as much as possible. We followed up with our offices in each of the countries the global Ministries work to ensure resources are utilized as designated by the donors. We visited Nigeria, Australia, and worked remotely with all our sister-agencies across the world.
We have managed to support projects and volunteers working in various countries including Nepal, Niger Republic, Nigeria, Cameroun, South Africa, Benin Republic, South Sudan, Liberia, United Kingdom, Guinea, Tanzania, Togo, Mozambique, Senegal, Botswana, Burundi, Rwanda, Madagascar, Mauritania, Chad, Cote d’Ivoire, France, Ghana, India, Mali, Kenya and others.
Monies sent to different people in the countries have been used by those people for various projects which include prostitute rehabilitation, orphan care, training of adults as well as children’s schooling, medical and general welfare of volunteers, accommodation for volunteers etc. Most of the income is designated from source and we have kept faithful to our partners and supporters in ensuring their monies were used as designated.
Policies – We have continued updating all our policies.
Trustees’ Meetings
The trustees met on the 10[th] of May and the 29[th] of October 2025 The meetings were well attended by the trustees. All the trustees have continued to work hard to move the Charity forward.
The Trustees are pleased with this year’s developments and look to God to continue pursuing the following directions in the New Year:
-
1 Further extension of our support base.
-
2 Increased discipleship and mission training in churches beyond our current reach.
-
3 Increasing the prayer group base beyond present frontiers.
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4 Sending people especially donors and partners on field trips and work camps to visit, engage with, pray and support outreach work outside the UK.
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5 Networking further with the work in other areas of Europe e.g. the Republic of Ireland, and France where we already have volunteers. Also build capacity in Europe.
-
6 Working with the Church in outreach and discipleship among young people as well as adults in the UK.
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7 Complete the mortgage on the property for the Charity and effect major repairs of the property.
-
8 Continue enabling the Global Digitisation project for the Ministries.
CALVARY MINISTRIES WORLDWIDE Statement of Financial Activities
for the year ended 31 March 2025
| Notes Income and endowments from: Donations and legacies 3 Charitable activities 4 Other trading activities 5 Other 6 Total Expenditure on: Charitable activities 7 Other 8 Total Net gains on investments Net income Transfers between funds Net income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds | Restricted funds 2025 £ 139,193 40,165 - - 179,358 165,716 - 165,716 - 13,642 - 13,642 13,642 7,795 21,437 |
|
|---|---|---|---|
| 2025 | |||
| £ | |||
| 32,204 | |||
| (2,470) | |||
| - | |||
| 25,773 | |||
| 55,507 | |||
| 423 | |||
| 58,913 | |||
| 59,336 | |||
| - | |||
| (3,829) | |||
| - | |||
| (3,829) | |||
| (3,829) | |||
| 234,305 | |||
| 230,476 | |||
Page 2
CALVARY MINISTRIES WORLDWIDE Statement of Financial Activities
| Total funds | Total funds |
|---|---|
| 2025 | 2024 |
| £ | £ |
| 171,397 | 180,482 |
| 37,695 | 20,319 |
| - | 150 |
| 25,773 | 31,941 |
| 234,865 | 232,892 |
| 166,139 | 148,661 |
| 58,913 | 64,825 |
| 225,052 | 213,486 |
| - | - |
| 9,813 | 19,406 |
| - | - |
| 9,813 | 19,406 |
| 9,813 | 19,406 |
| 242,100 | 222,694 |
| 251,913 | 242,100 |
Page 3
CALVARY MINISTRIES WORLDWIDE Balance Sheet at 31 March 2025
| Charity No. 1119161 Fixed assets Tangible assets 10 Investments 11 Current assets Cash at bank and in hand Creditors:Amount falling due within one year 12 Net current assets Total assets less current liabilities Creditors:Amounts falling due after more than one year 13 Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 14 Restricted income funds Unrestricted funds 14 General funds Reserves 14 Total funds |
2025 £ 245,500 - 245,500 50,804 50,804 (606) 50,198 295,698 (43,785) 251,913 251,913 21,437 21,437 230,476 230,476 251,913 |
2024 £ 262,334 - |
|---|---|---|
| 262,334 75,602 |
||
| 75,602 194 |
||
| 75,796 338,130 (96,030) |
||
| 242,100 | ||
| 242,100 | ||
| 7,795 | ||
| 7,795 234,305 |
||
| 234,305 | ||
| 242,100 |
Approved by the trustees on 30 June 2025
And signed on their behalf by:
O. Olugbodi Trustee 30 June 2025
Page 4
CALVARY MINISTRIES WORLDWIDE Notes to the Accounts
for the year ended 31 March 2025
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (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 furtherance of the general objects of the 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 of an 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 to the 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 to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any 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 of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 5
CALVARY MINISTRIES WORLDWIDE Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure 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.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from tax on its charitable activities.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised 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 debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 6
CALVARY MINISTRIES WORLDWIDE Notes to the Accounts
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
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.
Transactions in currencies other than the functional 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 taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction 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 entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 7
CALVARY MINISTRIES WORLDWIDE
Notes to the Accounts
2 Statement of Financial Activities - prior year
| Income and endowments from: Donations and legacies Charitable activities Other trading activities Other Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies 4 Income from charitable activities Outreach |
Unrestricted £ 32,204 - - 32,204 Unrestricted £ (2,470) - (2,470) |
Unrestricted funds 2024 £ 25,189 35 150 31,941 57,315 1,169 64,825 65,994 (8,679) (8,679) (8,679) 214,899 206,220 Restricted £ - 139,193 - 139,193 Restricted £ - 40,165 40,165 |
Restricted funds 2024 £ 155,293 20,319 - - 175,612 147,492 - 147,492 28,120 28,120 28,120 7,795 35,915 Total 2025 £ 32,204 139,193 - 171,397 Total 2025 £ (2,470) 40,165 37,695 |
Total funds 2024 £ 180,482 20,354 150 31,941 |
|---|---|---|---|---|
| 232,927 148,661 64,825 |
||||
| 213,486 | ||||
| 19,441 | ||||
| 19,441 | ||||
| 19,441 222,694 |
||||
| 242,135 | ||||
| Total 2024 £ 25,159 155,293 30 |
||||
| 180,482 | ||||
| Total 2024 £ 35 20,284 |
||||
| 20,319 |
Page 8
CALVARY MINISTRIES WORLDWIDE
Notes to the Accounts
5 Income from other trading activities
| 6 Other income Sundry Income 7 Expenditure on charitable activities Expenditure on charitable activities Outreach Governance costs 8 Other expenditure Cost of Charitable Activities Bank loan and overdraft interest payable Employee costs Motor and travel costs Premises costs General administrative costs Legal and professional costs |
Unrestricted £ 423 - 423 |
Unrestricted £ 25,773 25,773 |
Total 2025 £ - - Total 2025 £ 25,773 25,773 |
Total 2024 £ 150 |
|---|---|---|---|---|
| 150 | ||||
| Total 2024 £ 31,941 |
||||
| 31,941 | ||||
| Restricted £ - 165,716 165,716 Unrestricted £ 7,601 4,221 8,124 4,102 23,745 10,320 800 58,913 |
Total 2025 £ 423 165,716 166,139 Total 2025 £ 7,601 4,221 8,124 4,102 23,745 10,320 800 58,913 |
Total 2024 £ 1,169 147,492 |
||
| 148,661 | ||||
| Total 2024 £ - 8,417 7,562 6,465 26,768 12,487 3,126 |
||||
| 64,825 |
9 Staff costs
No employee received emoluments in excess of £60,000.
Page 9
CALVARY MINISTRIES WORLDWIDE Notes to the Accounts
10 Tangible fixed assets
| Tangible fixed assets | ||
|---|---|---|
| Cost or revaluation At 1 April 2024 Additions At 31 March 2025 Net book values At 31 March 2025 At 31 March 2024 |
£ 262,334 (16,834) 245,500 245,500 262,334 |
£ 262,334 (16,834) |
| 245,500 | ||
| 245,500 | ||
| 262,334 |
11 Investments
Freehold Investment Property
The freehold investment property was acquired on 8 August 2022.
| 12 Creditors: amounts falling due within one year Other taxes and social security 13 Creditors: amounts falling due after more than one year Bank loans and overdrafts Liabilities repayable in more than five years after the balance sheet date Mortgage on Freehold property |
2025 £ 606 606 2025 £ 43,785 43,785 |
2024 £ (194) |
|---|---|---|
| (194) | ||
| 2024 £ 96,030 |
||
| 96,030 | ||
Page 10
CALVARY MINISTRIES WORLDWIDE Notes to the Accounts
14 Movement in funds
| 14 Movement in funds | |||
|---|---|---|---|
| At 1 April 2024 Restricted funds: Restricted income funds: Donations & Legacies 2 7,795 Total 7,795 Unrestricted funds: General funds 234,305 Total funds 242,100 Purposes and restrictions in relation to the funds: Restricted funds: Donations & Legacies 2 15 Analysis of net assets between funds Fixed assets Net current assets Creditors due in more than one year and provisions 16 Reconciliation of net debt Cash and cash equivalents Bank loans Net debt |
Incoming resources (including other gains/losses ) £ 179,358 179,358 55,507 234,865 |
Resources expended £ (165,716) (165,716) (59,336) (225,052) |
At 31 March 2025 £ 21,437 |
| 21,437 | |||
| 230,476 | |||
| 251,913 | |||
| Unrestricted funds £ - 27,392 - 27,392 At 1 April 2024 £ |
Restricted funds £ 245,500 22,806 (43,785) 224,521 Cash flows £ |
Total £ 245,500 50,198 (43,785) |
|
| 251,913 | |||
| At 31 March 2025 £ |
|||
| 75,602 | (24,798) | 50,804 | |
| 75,602 (96,030) |
(24,798) | 50,804 (43,785) |
|
| 52,245 | |||
| (96,030) (20,428) |
52,245 27,447 |
(43,785) | |
| 7,019 | |||
Page 11
CALVARY MINISTRIES WORLDWIDE Detailed Statement of Financial Activities
for the year ended 31 March 2025
| Income and endowments from: Donations and legacies Charitable activities Outreach Other trading activities Other Sundry Income Total income and endowments Expenditure on: Charitable activities Outreach Total of expenditure on charitable activities Other expenditure Cost of Charitable Activities Bank loan and overdraft interest payable Employee costs Staff entertainment Staff training Staff welfare Motor and travel costs Travel and subsistence Premises costs Rent |
Unrestricted funds 2025 £ 32,204 - - 32,204 (2,470) - (2,470) - - 25,773 25,773 55,507 423 - 423 423 7,601 4,221 11,822 230 7,307 587 8,124 4,102 4,102 137 |
Restricted funds 2025 £ - 139,193 - |
|---|---|---|
| 139,193 | ||
| - 40,165 |
||
| 40,165 | ||
| - | ||
| - | ||
| - | ||
| - | ||
| 179,358 - 165,716 |
||
| 165,716 | ||
| 165,716 - - |
||
| - | ||
| - - - |
||
| - | ||
| - | ||
| - | ||
| - |
Page 12
CALVARY MINISTRIES WORLDWIDE Detailed Statement of Financial Activities
| Light, heat and power Premises repairs and maintenance General administrative costs, including depreciation and amortisation Bank charges Equipment expensed General insurances Information and publications Postage and couriers Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband Legal and professional costs Audit/Independent examination fees Solicitor's fees Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
4,302 19,306 23,745 858 796 381 590 958 6 2,359 368 4,004 10,320 800 - 800 58,913 59,336 - (3,829) (3,829) - (3,829) 234,305 230,476 |
- - |
|---|---|---|
| - | ||
| - - - - - - - - - |
||
| - | ||
| - - |
||
| - | ||
| - | ||
| 165,716 - |
||
| 13,642 | ||
| 13,642 | ||
| - | ||
| 13,642 | ||
| 7,795 | ||
| 21,437 |
Page 13
CALVARY MINISTRIES WORLDWIDE Detailed Statement of Financial Activities
| Total funds 2025 £ 32,204 139,193 - 171,397 (2,470) 40,165 37,695 - - 25,773 25,773 234,865 423 165,716 166,139 166,139 7,601 4,221 11,822 230 7,307 587 8,124 4,102 4,102 137 |
Total funds 2024 £ 25,159 155,293 30 |
|---|---|
| 180,482 | |
| 35 20,284 |
|
| 20,319 | |
| 150 | |
| 150 | |
| 31,941 | |
| 31,941 | |
| 232,892 1,169 147,492 |
|
| 148,661 | |
| 148,661 - 8,417 |
|
| 8,417 | |
| 76 7,226 260 |
|
| 7,562 | |
| 6,465 | |
| 6,465 | |
| 361 |
Page 14
CALVARY MINISTRIES WORLDWIDE Detailed Statement of Financial Activities
| 4,302 19,306 23,745 |
26,307 100 |
|---|---|
| 26,768 |
| 858 796 381 590 958 6 2,359 368 4,004 10,320 800 - 800 58,913 225,052 - 9,813 9,813 - 9,813 242,100 251,913 |
643 796 496 715 352 - 6,697 2,100 688 |
|---|---|
| 12,487 | |
| 800 2,326 |
|
| 3,126 | |
| 64,825 | |
| 213,486 - |
|
| 19,406 | |
| 19,406 - |
|
| 19,406 | |
| 222,694 | |
| 242,100 |
Signature: Oladapo O Olugbodi (Jan 26, 2026 22:40:18 GMT)Oladapo O Olugbodi Email: dbolugbodi@gmail.com
- Signature: Yetunde Raimi Odimayo
Yetunde Raimi-Odimayo (Jan 26, 2026 23:21:43 GMT)
Email: yetundeodimayo@yahoo.com
Page 15