2023-04-30-accounts

CALVARY ASSEMBLY INTERNATIONAL

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30[TH] APRIL 2023

CHARITY NUMBER: 1124010

CALVARY ASSEMBLY INTERNATIONAL UNIT 5 GLOBE INDUSTRIAL ESTATE CEMENT BLOCKCOTTAGES GRAYS ESSEX RM17 6ST

INDEX Page Index 1 Trustee’s Report 2-3 Independent Examiner’s Report 4 Receipts and Payments Account 5 Statement of Assets and Liabilities 6 Notes on the financial Statements 7

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CALVARY ASSEMBLY INTERNATIONAL TRUSTEES’ REPORT YEAR ENDED 30[th] April 2023

The trustees are pleased to present their report for the year ended 30[th] April 2023 for the charity, Calvary Assembly International with Charity Number 1124010.

The Trustees of the charity are: Rev Deborah Adekoya Ms Esther Ikotun

The principal address of the charity is: Unit 5 Globe Industrial Estate Cement Block Cottages Grays, Essex RM17 6ST

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a trust deed that was dated on 4[th] April 2008.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 are to advance the Christian Religion [in accordance with the Statement of faith] throughout the world as the trustees may see fit from time to time. 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 services through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The church continues to hold several conferences in the United Kingdom and this has continued to make a good impact in the community. The church continues to support the churches and ministry in Malawi. The Services are now fully back to in person services which has built back the attendance at the meetings.

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FINANCIAL REVIEW

The income of the charity is above £55,700. This is a slight decrease on the previous year’s income. The costs have been managed over this period. The main expense was for covering the rent on the premises that the charity uses. The charity is in a good position to develop itself in the community.

FUTURE DEVELOPMENTS

The church intends to continue to host its regular yearly conferences in UK. They will continue to host their conferences in Malawi which is a great support to the leaders in the country. The intended re-appointment of our present independent examiner at the upcoming trustee meeting is expected to support the financial operations by making it more effective.

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:

1. Select suitable accounting policies and apply them consistently.

2. Make judgements and estimates that are reasonable and prudent.

3. State whether the applicable accounting standards have been followed.

4. 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 7[th ] March 2024 and signed on their behalf by:

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Independent Examiner’s Report To the Trustees CALVARY ASSEMBLY INTERNATIONAL

I report on the accounts of the church for the year ended 30[th ] April 2023 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 :

• Examine the accounts under section 145 of the 2011 Act.

• Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.

• 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;

• (1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:

• proper accounting records are kept( in accordance with section 130 of the 2011 Act

• accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or

• (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 Generator Business Centre 95 Miles road Mitcham Surrey CR4 3FH

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CALVARY ASSEMBLY INTERNATIONAL

ACCOUNTS FOR THE YEAR ENDED 30TH April 2023

1 Receipts & Payments Account (General Purpose Fund) Income Receipts £ 2023 Tithes and Offerings 53191 Other Donations 2714 Gift Aid 0 Interest 1 Total Receipts 55906 _ Direct Charitable Expenditure Light & Heat 4736 Insurance 0 Admin/legal expenses 1925 Church Events 1090 Honoraria 3483 Bank charges 1 Hire of equipment 0 Mission 4878 Travel & Substitence 6306 Church Rent 22000 Website/Software 0 Refreshments 4499 Telephone & Internet 828 Wages 6011 Professional fees 0 Church Supplies 860 Rates 3104 Stationary & Printing 460 Subscriptions 106 Transport 0 Accounting services 390 Repairs and renewals 450 61127 Other Expenditure Welfare 850 Music Services 500 Stationary Equipment 488 Pension 438 Total Payments 63403 Net Receipts/Payments for the year -7497 Cash Funds at start of year 14420 Cash Funds at end of year 6923 _	£ 2022 57769 0 0 1
	57770
	___ 1407 0 2289 1152 1194 20 0 744 7165 21267 60 1589 564 5511 2672 0 3851 525 0 255 380 1991
	52636 250 0 1339 478
	54703 3067 11353
	14420 ___

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CALVARY ASSEMBLY INTERNATIONAL

2 Statements of Assets and Liabilities at 30th April 2023

Cash Funds Bank Total Cash Funds Other Monetary Assets Loan out Total Cash Funds Assets Retained for the Charity's Own use Musical Instruments Equipments Fixtures & Fittings Liabilities Accounting fee NET ASSETS	Unrestricted Funds 2023/£ 6923 _ 6923 _ 0 6923 585 4766 389 5740 ___ 399	2022/£ 13420
		___ 13420
		___ 1000
		14420
		603 5598 286
		6487
		___ 380
	12264	20527

Approved by the Trustees and signed on their behalf:

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CALVARY ASSEMBLY INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30th April 2023

ACCOUNTING POLICIES

Basis of Accounting

These accounts have been prepared on the receipts and payments basis under section Charities Act 2011

Funds

Unrestricted funds are those which can be used at the Trustees' discretion. Restricted Funds are those whose purposes have been restricted by the donor.

Staff

The church had 1 employee. All other work was carriedout by volunteers

Depreciation

Depreciation was calculated on loss of value of equipment and instruments on 20% using the straight line method.

Trustee Remuneration

Rev Deborah Adekoya received emoluments of £5511 for services rendered to the charity as Pastor of the church. This was paid through a PAYE scheme.

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