Calvary Chapel Southampton Annual Report & Accounts Year Ended 31st Dec12021
Calvary Chapel Southampton Limited
As known as “Calvary Chapel Southampton” or “Calvary Southampton”
Trustees Simon Lawrenson (Chair) Andrew Mulcaster Joseph Connelly (Appointed 25/10/2021) Norma Diaper (Appointed 18/07/2022) Joseph Sutton (Until 25/10/2021) Pastors Simon Lawrenson Governing Document Memorandum and Articles Incorporated 10th November 2009 Registered Charity Number 1132627 Company Number 7023283 Charity Principle Address 25 Preshaw Close Southampton SO16 5JP Accounts Prepared By Bliss Accounts
CALVARY CHAPEL SOUTHAMPTON Annual Report - Year Ended 31st December 2021
Contents
| Objectives and Achievements | 2 |
|---|---|
| Financial Review | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Summary Income and Expenditure Account | 6 |
| Notes to the Financial Statements | 8 |
| 1. Accounting Policies | 8 |
| 2. Analysis of Income | 10 |
| 3. Donated Goods, Facilities and Services | 10 |
| 4. Analysis of Expenditure on Charitable Activities | 11 |
| 5. Trustee Expenses | 12 |
| 6. Independent Examiner's Remuneration | 12 |
| 7. Grant-making Activities | 12 |
| 8. Staff Costs, Employee Benefts and Trustees Remuneration | 13 |
| 9. Fixed Assets | 13 |
| 10. Debtors | 14 |
| 11. Creditors | 14 |
| 12. Summary of the Assets and Liabilities of each Category of Fund | 15 |
| 13. Movement in Funds | 15 |
| 14. Related Party Transactions | 16 |
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CALVARY CHAPEL SOUTHAMPTON Annual Report - Year Ended 31st December 2021
Objectives and Achievements
Objects of the Charity
The Charity’s Objects (the Objects) are the advancement of Christianity for the benefit of the public in accordance with the following:
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a. To worship God the Father, Son and Holy Spirit; b. To build up the Church of Jesus Christ, in particular through the teaching and preaching of the Word of God (The Bible);
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c. To proclaim that men and women should repent and believe in Jesus Christ as Saviour and Lord; As we have opportunity, to do good to all, especially to those who are of the household of faith (Galatians 6:10).
Activities of the Charity
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Broadcast/make available online the weekly meetings for the purpose of worshipping God, prayer, reading and studying the Word of God and, where possible and as legislation allowed, fellowshipping with one another to build each other up in the Christian faith.
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Establish sources of material for individual study of the Word of God.
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Provide supplemental meetings for instruction in effective and productive methods of individual and group study of the Word of God.
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Promote and encourage individual and group prayer by providing supplemental meetings for the purpose of group prayer.
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Promote and encourage individual development of worship of the God-head through prayer, music and service to the Kingdom of God.
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Promote and encourage all other aspects of individual and group growth in service toward the Kingdom of God through the development of the gifts and talents provided by God.
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Present the facts and truth of man’s need for salvation and God’s plan and provision of that salvation through substitutionary death and resurrection of His Son, Jesus Christ, to all who would hear and receive through regularly held church services and in various means of public outreach.
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By careful and informed provision of financial assistance accompanied by advice, spiritual counsel and instruction, where appropriate, to assist needy individuals experiencing unforeseen financial difficulties with the view to their own eventual sustained self-sufficiency in the climate of their surrounding economic and cultural environment.
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To intercede in prayer, according to scripture, for those with physical, emotional and spiritual ailments and to offer scriptural advice and instruction in the cure and prevention of such illnesses where practical.
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To offer and provide care, sympathy and scriptural counsel to those in distress.
Achievements and Performance, Year Ended 31st December 2021
In 2021, we continued our primary activities of Sunday worship and Bible teaching. Our planned activities were significantly disrupted by Covid-19, such that we were unable to physically meet together for the majority of the year. As a result, we continued to move our worship services on-line, or broadcasted them live on a Sunday morning when possible.
Our main teaching series continued through the books of 1 John, Malachi & Romans throughout the year. This was supplemented by topical teaching at Easter and Christmas. Other men in the church were given opportunities to teach during this period in order to build them up.
We held an away day for the whole fellowship on 1[st] August, with bible studies on “Church in a Post Covid World: Rebuilding Life's Ruins / Church in a Post Covid World: What are we Building?”
When possible and in line with restrictions, our Family Ministry team ran children’s Bible studies alongside our Sunday services, using resources from The Gospel Project.
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DocuSign Envelope ID: C193AD38-8C46-4054-8B3E-CE473CF28B2F
CALVARY CHAPEL SOUTHAMPTON Annual Report - Year Ended 31st December 2021
Our regular mid-week home fellowship groups were held regularly and frequently, both online and in-person, where free and open discussion of these topics were explored.
The church continued to provide pastoral support to the sick and infirm, visiting in hospital for prayer and ministry.
Financial Review
Financial Position
The Charity’s sole source of funds is from free-will offerings, and subsequent gift-aid, received from those who regularly attend the Sunday meetings. All funds received in this period were unrestricted in nature. The global pandemic led to legal obligations which eventually prevented the charity from carrying out much of its usual activities for 8 months of the year, resulting is much lower expenditure during this period than anticipated. Whilst additional funds were made available during the pandemic to procure the equipment required to provide online services, the uncertainty surrounding the anticipated length of time restrictions would be in place made further investment difficult.
Nonetheless, during this time, free-will offerings continued to grow steadily. As a result, the period ended with a significant surplus. Trustees have subsequently reviewed and produced an adjusted budget for the next 3 years to ensure this surplus is appropriately utilised on the activities of the charity.
The Charity’s primary source of funds is from free-will offerings received from those regularly attending the Sunday services as well as various other supporters to the objectives of the Charity.
Reserves Policy
Keeping in line with the Charity’s future plans it has a policy to hold sufficient reserves to be able to respond in a timely manner to any opportunity presented that would allow the Charity to achieve those plans. Current reserves are minimal for meeting such possible opportunities. Charity reserves must be available as a liquid asset at all times. These reserves are equal to 6 months of average total expenditure.
Grant Making Policy
Gifts to external organisations and individuals are considered by the Trustees on the basis of need and fulfilment of the charitable activities. There are no upper or lower limits of support.
Principal Sources of Funding
The charity’s principal source of funds is from voluntary donations received from those regularly attending the Sunday services as well as various other supporters of the objectives of the charity.
Structure, Governance and Management
Trustees are selected and appointed by members, in accordance with the charity’s governing document and subject to the requirements therein.
Declaration
The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees:
Simon Lawrenson (Chairman) Date: 08/08/2022
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CALVARY CHAPEL SOUTHAMPTON Annual Report - Year Ended 31st December 2021
Statement of Financial Activities
For the Year End Ended 30th June 2022
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||
| Note | 2021 | 2021 | 2021 | 2020 | ||
| Income | ||||||
| Donations and Legacies | 2, 14 | 33,349 | - | 33,349 | 31,361 | |
| Charitable Activities | - | - | - | - | ||
| Other Trading Activities | - | - | - | |||
| Investments | - | - | - | |||
| Other Income | 2 | 97 | - | 97 | - | |
| Total Income | 33,446 | - | 33,446 | 31,361 | ||
| Expenditure | ||||||
| Raising Funds | - | - | - | - | ||
| Charitable Activities | 4-8 | 22,470 | - | 22,470 | 24,377 | |
| Total Expenditure | 22,470 | - | 22,470 | 24,377 | ||
| Net Income (Expenditure) | 10,976 | - | 10,976 | 6,984 | ||
| Net Movement in Funds | 10,976 | - | 10,976 | 6,984 | ||
| Reconciliation of Funds | 12-13 | |||||
| Total Funds b/fwd | 23,680 | - | 23,680 | 16,696 | ||
| Total Funds c/fwd | 34,656 | - | 34,656 | 23,680 |
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DocuSign Envelope ID: C193AD38-8C46-4054-8B3E-CE473CF28B2F
CALVARY CHAPEL SOUTHAMPTON Annual Report - Year Ended 31st December 2021
Balance Sheet
At 31st Dec 2021
| 2021 | 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | ||||
| Fixed Assets | ||||||||
| Tangible Assets | 9 | 2,713 | 1,545 | |||||
| Intangible Assets | 150 | |||||||
| Current Assets | ||||||||
| Debtors | 10 | 4,876 | 4,774 | |||||
| Cash in Bank and in Hand | 28,217 | 17,326 | ||||||
| Total Current Assets | 33,093 | 22,100 | ||||||
| Liabilities | ||||||||
| Creditors: Amount falling due within one year |
11 | (1,150) | (115) | |||||
| Net Current Assets | 31,943 | 21,985 | ||||||
| Net Assets | 34,656 | 23,680 | ||||||
| The Funds of the Charity | 12-13 | |||||||
| Unrestricted Funds | 34,656 | 23,680 | ||||||
| Restricted Funds | - | - | ||||||
| Total Funds | 34,656 | 23,680 | ||||||
These financial statements were approved by the board of trustees and signed on their behalf, on 08/08/2022
Signed on behalf of the charity’s trustees: Simon Lawrenson (Chair)
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CALVARY CHAPEL SOUTHAMPTON Annual Report - Year Ended 31st December 2021
Summary Income and Expenditure Account
For the Year End Ended 31st Dec 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | |||
| Income | 33,446 | 31,361 | ||
| Gains/(losses) on investments | - | - | ||
| Interest and investment Income | - | - | ||
| Gross Income in the Reporting Period | 33,446 | 31,361 | ||
| Expenditure | 21,632 | 24,273 | ||
| Interest Payable | - | - | ||
| Depreciation and charges for the impairment of Fixed Assets | 838 | 104 | ||
| Total Expenditure in the Reporting Period | 22,470 | 24,377 | ||
| Net Income (Expenditure) before tax | 10,976 | 6,984 | ||
| Tax Payable | - | - | ||
| Net Income (Expenditure) for the fnancial year | 10,976 | 6,984 |
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CALVARY CHAPEL SOUTHAMPTON Annual Report - Year Ended 31st December 2021
Statement of Cash Flows
For the Year End Ended 31st Dec 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Cash fows from Operating Activities | |||||
| Net cash provided by (used in) Operating Activities | 12,746 | 3,616 | |||
| (see Note 1) | |||||
| Cash fows from Investment Activities | |||||
| Interest on cash deposits | - | - | |||
| Capital Expenditure | |||||
| Fixed Asset Additions | (2,005) | (1,649) | |||
| Disposal (de-classifying) Intangible Fixed Asset | 150 | - | |||
| Fixed Asset Additions | (1,855) | (1,649) | |||
| Net cash infow/(outfow) for the year | 10,891 | 1,967 | |||
| Cash and Cash Equivalents at 1 January 2021 | 17,326 | 15,359 | |||
| Cash and Cash Equivalents at 31 December 2021 | 28,217 | 17,326 | |||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Note 1. Reconciliation of net Income/(Expenditure) | |||||
| (as per Statement of fnancial Activities) | |||||
| Net Income/(Expenditure) | 11,028 | 6,984 | |||
| Adjustments For: | |||||
| Depreciation Charges | 837 | 104 | |||
| Interest on investments | - | - | |||
| (Increase)/decrease in debtors | 71 | (1,048) | |||
| Increase/(decrease) in liabilities | 810 | (2,424) | |||
| 12,746 | 3,616 |
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CALVARY CHAPEL SOUTHAMPTON Annual Report - Year Ended 31st December 2021
Notes to the Financial Statements
For the Year End Ended 31st Dec 2021
1. Accounting Policies
General Information
Calvary Chapel Southampton is a limited company registered in England and Wales. The registered charity number, company number and address of the charity is given in the charity information on the cover sheet at the start of this report.
Statement of Compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), Companies Act 2006 and Charities Act 2011.
Calvary Chapel Southampton Limited is a Public Benefit Entity as defined by FRS 102.
Going Concern
The charity has a number of regular donors, giving the trustees reasonable confidence that sufficient funding will be secured beyond the current year. The trustees have assessed the level of funds held, in addition to the cash flow needs of the charity, concluding with confidence that it will be able to continue in its operation.
Fund Accounting Policies
The General Funds are not subject to any restrictions regarding their particular use and are available for applicable general purposes of the charity.
Incoming Resources
All incoming resources are included in the Statement of Financial Activities (SoFA) when; the charity is legally entitled to the resources; the trustees are virtually certain they will receive the resources; and the monetary value can be measured with sufficient reliability.
Donations are only included in the SoFA when the charity has unconditional entitlement to the resources.
Where incoming resources have related expenditure, the incoming resources and related expenditure are reported gross in the SoFA.
Incoming resources from Gift Aid tax reclaims are included in the SoFA at the same time as the gift to which they relate.
The value of voluntary help received is not included in the accounts but is described in the trustee’s annual report.
Investment income is included in the accounts when receivable
Expenditure and Liabilities
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. It is probable that the paying out of resources will be required in settlement and the amount of the obligation can be measured reliability.
The charity makes grants to individuals and other institutions to further its charitable objectives.
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CALVARY CHAPEL SOUTHAMPTON Annual Report - Year Ended 31st December 2021
Notes to the Financial Statements - Continued
Fixed Assets
Tangible fixed assets which cost £500 or more and used for more than one year are capitalised. They are valued at cost price or a reasonable value on receipt.
Depreciation is calculated on tangible fixed assets using the Straight Line Method, at 25% of the cost per year
Inventory
Stocks held for sale as part of non-charitable trade are measured at the lower of cost or net realisable value.
Donated goods are measured at their fair value, unless it is impractical to measure reliably the fair value of donated item(s). When there is no direct evidence of fair value for an equivalent item, a value is derived from: the cost of the item to the donor; or in the case of goods that are expected to be sold, the estimated resale value after deducting the cost to sell the goods.
Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Judgements in Applying Accounting Policies
In the application of the church's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates but are unlikely to be material.
Cash at Bank and In Hand
Cash at bank and in hand includes cash and short-term highly liquid investments with short maturity of three months or less from the date of acquisition or opening of the deposit or similar amount.
Financial Instruments
The church only has financial assets and financial liabilities of a kind that qualify as basic financial Instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method
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CALVARY CHAPEL SOUTHAMPTON Annual Report - Year Ended 31st December 2021
Notes to the Financial Statements - Continued
2. Analysis of Income
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||||
| Funds | Funds | Funds | Funds | Funds | Funds | ||||
| £ | £ | £ | £ | £ | £ | ||||
| Donations and Legacies | |||||||||
| Freewill Offerings | 28,980 | - | 28,980 | 26,861 | - | 26,861 | |||
| Tax Recoverable - Gift Aid | 4,369 | - | 4,369 | 4,500 | - | 4,500 | |||
| 33,349 | - | 33,349 | 31,361 | - | 31,361 | ||||
| Investment Income | |||||||||
| Bank Interest | - | - | - | - | - | - | |||
| Other Income | |||||||||
| HMRC Gift Aid Interest | 97 | - | 97 | - | - | - | |||
| Total | 33,446 | - | 33,446 | 31,361 | - | 31,361 |
3. Donated Goods, Facilities and Services
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | |||
| Donated Goods | - | - | ||
| Donated Facilities | - | - | ||
| - | - | |||
| Number of Unpaid General Volunteers | 2021 | 2020 | ||
| Church Services - Hospitalityand Operations | 9 | 7 | ||
| Church Services - Technical | 7 | 4 | ||
| Church Services - Facilities | 9 | 14 | ||
| Church Services - Children's Ministry | 7 | 7 | ||
| Church Services - Connect | 5 | 13 | ||
| Mid-week Group- Leaders | 2 | 2 | ||
| LeadershipTeam - Leaders | 6 | 6 | ||
| 45 | 53 |
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CALVARY CHAPEL SOUTHAMPTON Annual Report - Year Ended 31st December 2021
Notes to the Financial Statements - Continued
4. Analysis of Expenditure on Charitable Activities
| 2021 | 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | 2020 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Activities | Grant | Activities | Grant | |||||||||
| Undertaken | Funding of | Support | Undertaken | Funding of | Support |
|||||||
| Directly | Activities | Costs | Total | Directly | Activities | Costs | Total | |||||
| Note | £ | £ | £ | £ | £ | £ | £ | £ | ||||
| Mission and Ministry | ||||||||||||
| Discipleship | 376 | 130 | 506 | 326 | - | 132 | 458 | |||||
| Outreach | 153 | 130 | 283 | 852 | - | 131 | 983 | |||||
| Children's Ministry | 311 | 130 | 441 | 898 | - | 131 | 1,029 | |||||
| Hospitalityand Supplies | 339 | 339 | 2,621 | - | - | 2,621 | ||||||
| Grantspayable - Organisations | 7 | 1,200 | 1,200 | - | 1,848 | - | 1,848 | |||||
| Church AwayDay | 284 | 284 | - | - | - | - | ||||||
| Conferences - Other Conferences | - | - | - | - | - | |||||||
| Staff Wages | 8 | 13,800 | 13,800 | 13,700 | - | - | 13,700 | |||||
| Travel | 5 | 505 | 505 | - | - | - | - | |||||
| Other MinistryExpenditure | - | - | - | - | - | |||||||
| 15,768 | 1,200 | 390 | 17,358 | 18,397 | 1,848 | 394 | 20,639 | |||||
| Property, Management and Administration |
||||||||||||
| Fixed Asset Depreciation | 9 | 838 | 838 | - | - | - | - | |||||
| Insurance | 84 | 84 | 287 | - | - | 287 | ||||||
| Livestreaming | 334 | 334 | - | - | - | - | ||||||
| IT,Media and Music | 1,266 | 34 | 1,300 | 1,692 | - | - | 1,692 | |||||
| GoCardless and Stripe Charges | 32 | 32 | - | - | - | - | ||||||
| Building- Rent and Utilities | 1,988 | 1,988 | 1,398 | - | - | 1,398 | ||||||
| Other Admin Expenditure | 143 | 143 | - | - | 88 | 88 | ||||||
| Offce Supplies and Postage | - | - | - | 11 | 11 | |||||||
| Accounting | 133 | 133 | - | - | 262 | 262 | ||||||
| Independent Examination | 6 | 260 | 260 | - | - | - | - | |||||
| 4,542 | - | 570 | 5,112 | 3,377 | - | 361 | 3,738 | |||||
| 20,310 | 1,200 | 960 | 22,470 | 21,774 | 1,848 | 755 | 24,377 |
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CALVARY CHAPEL SOUTHAMPTON Annual Report - Year Ended 31st December 2021
Notes to the Financial Statements - Continued
5. Trustee Expenses
| No trustee was paid for their service as a trustee. The nature of expenses incurred were for: ministry, administrative and subsistencecauses,exclusivelyand necessaryfor fulfllingthe charityobjects |
No trustee was paid for their service as a trustee. The nature of expenses incurred were for: ministry, administrative and subsistencecauses,exclusivelyand necessaryfor fulfllingthe charityobjects |
No trustee was paid for their service as a trustee. The nature of expenses incurred were for: ministry, administrative and subsistencecauses,exclusivelyand necessaryfor fulfllingthe charityobjects |
No trustee was paid for their service as a trustee. The nature of expenses incurred were for: ministry, administrative and subsistencecauses,exclusivelyand necessaryfor fulfllingthe charityobjects |
No trustee was paid for their service as a trustee. The nature of expenses incurred were for: ministry, administrative and subsistencecauses,exclusivelyand necessaryfor fulfllingthe charityobjects |
|---|---|---|---|---|
| 1 Trustee waspaid expenses in the fnancialyear ended 31st Dec 2021 | ||||
| NoTrustees werepaid expenses in the fnancialyear ended 31st Dec 2020 | ||||
| 2021 | 2020 | |||
| £ | £ | |||
| Trustee Expenses | ||||
| Travel | 505 | - | ||
6. Independent Examiner's Remuneration
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Independent Examiner’s Fees | 260 | † | - | |||
| †The Independent Examination fee for the accounts for the Year Ended 31st Dec 2020 was not included in the 2020 as a | ||||||
| creditor and not in the Income and Expenditure account. The total amount in the 2021 fgure includes examination fees for both | ||||||
| the Year Ended 31st Dec 2020 and 31st Dec 2021 |
7. Grant-making Activities
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Grants made to Institutions | ||||||
| Resourcing mission and ministry in accordance with the Charity Objects: | ||||||
| Creation Fest | 1,200 | 500 | ||||
| Pamoja | - | 1,348 | ||||
| 1,200 | 1,848 | |||||
| Grants made to Individuals | ||||||
| Resourcing mission and ministry in accordance with the Charity Objects: | ||||||
| - | - | |||||
| Total | 1,200 | 1,848 |
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CALVARY CHAPEL SOUTHAMPTON Annual Report - Year Ended 31st December 2021
Notes to the Financial Statements - Continued
8. Staff Costs, Employee Benefits and Trustees Remuneration
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Average number of staff employed during the reporting period | 2 | 2 | |||
| £ | £ | ||||
| Staff Costs and Employee Benefts | |||||
| Stipend Payments | 13,800 | 13,700 | |||
| Employer's Social SecurityCosts | - | - | |||
| Employer's Contribution to Pension Schemes | - | - | |||
| Other Employee Benefts | - | - | |||
| 13,800 | 13,700 | ||||
| No employees received employee benefts of more than £60,000 | |||||
| By provision of the charity's Governing Document, in his capacity as pastor, S. Lawrenson was remunerated £6,900 with nil personal expenses (£6,900 and nil personal expenses in 2020). This stipend payment was in relation to their ministerial role, and not their trustee role. L. Lawrenson, a related party, was remunerated £6,900 with nil personal expenses (£6,900 and nil personal expenses in 2020). There were no pension contributions made. |
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| These stipend payments are in relation to their ministerial roles, and not their trustee roles. The charity has 2 full-time equivalent employees(There were 2 full-time equivalent employees in 2021). |
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9. Fixed Assets
| 9. Fixed Assets | |||
|---|---|---|---|
| Fixtures, Fittings and Equipment |
|||
| Ministry | |||
| Equipment | Total | ||
| £ | £ | ||
| Cost or Valuation | |||
| At 1 Jan 2021 | 1,649 | 1,649 | |
| Additions | 2,005 | 2,005 | |
| Disposals | - | - | |
| Revaluations | - | - | |
| Transfers | - | - | |
| At 31 Dec 2021 | 3,654 | 3,654 | |
| Depreciation and Impairments | |||
| At 1 Jan 2021 | 104 | 104 | |
| Disposals | - | - | |
| Depreciation | 838 | 838 | |
| Impairment | - | - | |
| Transfers | - | - | |
| At 31 Dec 2021 | 942 | 942 | |
| Net Book Value at 1 Jan 2021 | 1,545 | 1,545 | |
| Net Book Value at 31 Dec 2021 | 2,713 | 2,713 |
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CALVARY CHAPEL SOUTHAMPTON Annual Report - Year Ended 31st December 2021
Notes to the Financial Statements - Continued
10. Debtors
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | |||
| Prepayments and Accrued Income | ||||
| Insurance | 215 | - | ||
| CCLI Licence | 190 | |||
| Discipleship- Memberships | 51 | - | ||
| Children's Ministry- DBS Memberships | 48 | - | ||
| Costco Membership | 3 | - | ||
| 507 | - | |||
| Other Debtors | ||||
| Tax Recoverable - Gift Aid | 4,369 | 4,774 | ||
| Total | 4,876 | 4,774 |
11. Creditors
| 2021 | 2020 | |||
|---|---|---|---|---|
| Accruals and Deferred Income | £ | £ | ||
| Accrued Utilities | - | |||
| - | - | |||
| Other Creditors | ||||
| Taxation and Social Security | 345 | 115 | ||
| Hall Hire | 310 | |||
| J ConnellyCCLI Licence Reimbursement | 225 | |||
| Accountancy Fees | 120 | - | ||
| Independent Examination | 150 | - | ||
| 1,150 | 115 | |||
| Total | 1,150 | 115 |
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CALVARY CHAPEL SOUTHAMPTON Annual Report - Year Ended 31st December 2021
Notes to the Financial Statements - Continued
12. Summary of the Assets and Liabilities of each Category of Fund
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | |||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||
| Funds | Funds | Funds | Funds | Funds | Funds | |||
| £ | £ | £ | £ | £ | £ | |||
| Tangible Fixed Assets | 2,713 | - | 2,713 | 1,545 | - | 1,545 | ||
| Intangible Assets | - | - | - | 150 | - | 150 | ||
| Debtors | 4,876 | - | 4,876 | 4,774 | - | 4,774 | ||
| Cash in Bank and in Hand | 28,217 | - | 28,217 | 17,326 | - | 17,326 | ||
| Creditors: Amounts falling due within one year | (1,150) | - | (1,150) | (115) | - | (115) | ||
| 34,656 | - | 34,656 | 23,680 | - | 23,680 |
13. Movement in Funds
| Fund | Fund | ||||
|---|---|---|---|---|---|
| Balances | Balances | ||||
| Brought | Net | Carried | |||
| Forward | Income | Expenditure | Transfers | Forward | |
| £ | £ | £ | £ | £ | |
| Unrestricted Funds | |||||
| General Fund | 23,680 | 33,446 | (22,470) | - | 34,656 |
| Total Funds | 23,680 | 33,446 | (22,470) | - | 34,656 |
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CALVARY CHAPEL SOUTHAMPTON Annual Report - Year Ended 31st December 2021
Notes to the Financial Statements - Continued
14. Related Party Transactions
Transactions with related parties have been disclosed in note 5. 'Trustee Expenses' and note 8. 'Staff Costs, Employee Benefits and Trustees Remuneration.'
Income from donations and legacies includes £2,522 received from related parties (which includes trustees, any other members of key management and anyone closely connected to them).
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Independent examiner's report on the accounts
Report to the trustees of Calvary Chapel Southampton Limited Charity no. 1132627 For the period ended 31[st] December 2021 Set out on pages 5-16
Respective responsibilities of The charity's trustees are responsible for the preparation of the accounts in trustees and examiner accordance with the Charities Act 2011 (“the Act”).
The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act,
-
to follow the applicable Directions given by the Charity Commission (under section 145(5)(b) of the Act, and
-
to state whether particular matters have come to my attention
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Basis of independent examiner’s statement[My examination was carried out in accordance with general Directions given ] by the Charity Commission. An examination includes a review of the accounting records kept by the charity 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement[In connection with my examination, no material matters have come to my ] attention which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 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 accounts to be reached.
Signed:
Date: 25[th] August 2022
Name: Magnus Proctor FFA
Professional qualification Fellow of the Institute of Financial Accountants
Address: Lindisfarne, Landkey Road, Barnstaple, Devon, EX32 9BW