CALVARY CHAPEL EAST DULWICH LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[ST] OCTOBER 2024
CHARITY NUMBER:1122053
COMPANY NUMBER: 06124844
CALVARY CHAPEL EAST DULWICH LIMITED 1 BESANT PLACE LONDON SE22 8DA INDEX Page Index 1 Trustee’s Report 2-3 Independent Examiner’s Report 4 Statement of Financial Activities 5 Balance Sheet 6 Notes on the financial Statements 7 - 9
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CALVARY CHAPEL EAST DULWICH LIMITED
TRUSTEES’ REPORT YEAR ENDED 31[st] OCTOBER 2024
The trustees are pleased to present their report for the year ended 31[st] October 2024 for the charity, CALVARY CHAPEL EAST DULWICH LIMITED with Charity Number 1122053 and Company Number 06124844.
The Trustees of the charity are: Patrick Pierre-Powell Daniel Douglas Josephine Bradley Sabrina Simpson Tracey Ogleton
The principal address of the charity is : 1 Besant Place
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a Memorandum and Articles of Association that was incorporated. The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The Objects of the organisation is to advance Christianity for the benefit of the public, through worship, building up the church through teaching and preaching as well as proclaiming the gospel to all. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
ACHIEVMENTS AND PERFORMANCE
The Organisation continues to hold successful worship meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The church continues hires out a youth club building that it uses for its programs and events in reaching out to the community.
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FINANCIAL REVIEW
The income of the charity is above £34,300. This is a higher amount for this year than last year, and the charity costs have been well managed over this period. The organisation is still in a good position as it has a strong reserve fund. The main cost of the organisation was paying for pastoral support and the hall hire.
RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
RISK MANAGEMENT
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 14[th] July 2025 and signed on their behalf by:
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Independent Examiner’s Report To the Trustees CALVARY CHAPEL EAST DULWICH LIMITED
I report on the accounts of the church for the year ended 31[st ] October 2024 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
Respective responsibilities of trustees and examiner
The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),,does not apply. It is my responsibility to:
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Examine the accounts under section 145 of the 2011 Act.
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Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
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State whether particular matters have come to my attention.
Basis of Independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention;
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(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept (in accordance with section 130 of the 2011 Act
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Chuks Ajuka BSc(Man), FICB PMDip FRESH FIRE ORGANISATION Unit 5 Generator Business Centre 95 Miles Road Mitcham Surrey CR4 1LT
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CALVARY CHAPEL EAST DULWICH LIMITED
Statement of Financial Activities for the year ended 31st October 2024
| Unrestricted | Total Funds | Total Funds | |||
|---|---|---|---|---|---|
| Funds | 2024 | 2023 | |||
| Incoming ResourcesNote | £ | £ | £ | ||
| from generated funds | |||||
| Voluntary Income | 2 | 34303 | 34303 | 19437 | |
| Investment income | 3 | 0 | 0 | 0 | |
| 34303 | 34303 | 19437 | |||
| Other Income | |||||
| Giftaid Tax | |||||
| Total Incoming | 34303 | 34303 | 19437 | ||
| Resources | |||||
| Resources Expended | |||||
| Charitable activities in furtherance of objectives | |||||
| Cost of Activities | 6 | 22,307 | 22,307 | 20849 | |
| Other | 4 | 736 | 736 | 4892 | |
| Total Resources | 23,043 | 23,043 | 25741 | ||
| Expended | |||||
| Net movement in funds | 11,260 | 11,260 | -6304 | ||
| Reconciliation of Funds | |||||
| Total Funds brought forward | 21285 | 21285 | 27589 | ||
| Total Funds carried forward | 32,545 | 32,545 | 21285 |
The above funds are all classed as to purpose All movements of funds and all recognised gains and losses are included above.
The notes on the accounts form part of these accounts.
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CALVARY CHAPEL EAST DULWICH LIMITED Balance Sheet as at 31st October 2024
| Note 2024 Fixed Assets £ Tangible fixed assets 5 4890 _ 4890 _ Current Assets Cash at bank and 25609 in hand Debtors & prepayments 2046 27655 Creditors:amounts falling due within one year Creditors & accruals 8 0 _ Net Current Assets 27655 _ Net Assets 32545 Unrestricted Funds 32545 TOTAL FUNDS 32545 ___ |
2023 £ 723 |
|---|---|
| 723 | |
| 18517 2045 |
|
| 20562 0 |
|
| 20562 | |
| 21285 21285 |
|
| 21285 |
(a) For the year ended 31[st] October 2024 Calvary Chapel East Dulwich Limited was entitled to exemption from audit under section 477 of the Companies Act relating to small companies.
Directors' responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by board of directors on 14th July 2027
And signed on their behalf by Patrick Pierre-Powell
(Director)
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CALVARY CHAPEL EAST DULWICH LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] October 2024
1) Accounting Policies
The financial statements are prepared under the historic cost convention ( as modified by the revaluation of fixed asset investments) and in accordance with applicable accounting standards: Statement of Recommended Practice: Reporting and Accounting by Charities issued March 2005 and the provisions of the Charities Act 1993. Significant policies adopted are
Incoming Resources
Incoming resources are recognised in the statement of financial activities when entitlement has passed to the charity and the amounts are certain and measurable. Any incoming resources received that relate exclusively to future periods are Deferred on the Balance Sheet
Resources Expended
Expenditure is recognised in the statement of financial activities when a liability is incurred or increased without a commensurate increase in recognised assets or a reduction in liabilities.
Allocation of Costs
Direct Activity Costs comprise those costs that contribute directly to an activity and are allocated to the relevant activity
Support Costs comprise those costs that are necessary to deliver an activity but in themselves do not produce or deliver an activity. Support costs are allocated to activities based on the direct salary costs of the activity compared with total activity salary costs
Governance costs are those costs incurred to meet statutory and constitutional requirements.
Funds
Restricted funds represent income received that is subject to restrictions on use as determined by the donor which are narrower than the general objects. Designated funds represent funds set aside by the Trustees for specific purposes General funds are those funds made available for the charity’s general objects.
Depreciation
Items of equipment are capitalised and depreciated so as to write off Cost in equal instalments over their useful lives. Rates are set at equipment of 4 years.
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CALVARY CHAPEL EAST DULWICH LIMITED Notes to the accounts for year ended 31st October 2024
2 Voluntary Income
| Unrestricted | Unrestricted | Total fundsTotal funds | Total fundsTotal funds | ||||
|---|---|---|---|---|---|---|---|
| Funds | 2024 | 2023 | |||||
| Church collections | £ | £ | |||||
| Tithes and offerings | 34303 | 34303 | 19437 | ||||
| Total | 34303 | 34303 | 19437 | ||||
| **3 ** | Investment income | ||||||
| Unrestricted | Total fundsTotal funds | ||||||
| Funds £ | 2024/£ | 2023/£ | |||||
| Bank Interest | 0 | 0 | 0 | ||||
| **4 ** | Other | amount £/2023 | £/2022 | ||||
| Mission | 386 | 0 | |||||
| Donations | 0 | 2042 | |||||
| Benevolence | 350 | 2850 | |||||
| Total | 736 | 4892 | |||||
| **5 ** | Tangible Fixed Assets | Instrument | Fix & Fitts | Equipment | Total | 2024 | |
| Cost | £ | £ | £ | £ | |||
| At 01/11/2023 | 0 | 291 | 4903 | 5194 | |||
| Additions | 0 | 0 | 4710 | 4710 | |||
| ______ | |||||||
| At 31/10/2024 | 0 | 291 | 9613 | 9904 | |||
| Depreciation | |||||||
| At 01/11/2023 | 0 | 232 | 4239 | 4471 | |||
| charge for the year | 0 | 6 | 537 | 543 | |||
| ______ | |||||||
| At 31/10/2024 | 0 | 238 | 4776 | 5014 | |||
| Net Book Value at 31/10/2024 | 0 | 53 | 4837 | 4890 | |||
| Net Book Value at 01/11/2023 | 0 | 59 | 664 | 723 |
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CALVARY CHAPEL EAST DULWICH LIMITED Notes to the accounts for year ended 31st October 2024
| **6 ** | Cost of Activities in | furtherance of Charity's Objectives | furtherance of Charity's Objectives |
|---|---|---|---|
| 2024/£ | 2023/£ | ||
| Hire of Hall | 7700 | 7450 | |
| Youth Club hire | 0 | 0 | |
| Conference costs | 0 | 300 | |
| PastoralServices | 3200 | 3600 | |
| Printing & Stationary | 0 | 140 | |
| Sundry | 784 | 0 | |
| Accounting services | 540 | 540 | |
| Depreciation | 543 | 870 | |
| Hospitality | 424 | 888 | |
| Repairs & Decoration | 0 | 145 | |
| Subscriptions | 26 | 406 | |
| Transport | 2500 | 326 | |
| Bank charges | 66 | 63 | |
| Church supplies | 2814 | 1678 | |
| Media services | 195 | 180 | |
| Insurance | 387 | 364 | |
| Webhosting | 594 | 238 | |
| Welfare | 630 | 1553 | |
| Events costs | 842 | 1057 | |
| Outreach costs | 242 | 1051 | |
| Professional services | 820 | 0 | |
| Music Services | 0 | 0 | |
| Total | 22307 | 20849 |
| **7 ** | Creditors:amounts falling due | within one year | within one year |
|---|---|---|---|
| 2024/£ | 2023/£ | ||
| Accountancy services | 0 | 0 | |
| 0 | 0 | ||
| **8 ** | Debtors and Prepayments | 2024/£ | 2023/£ |
| Petty Cash | 0 | 0 | |
| Gift Aid recoverable | 2046 | 2045 | |
| 2046 | 2045 |
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