OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-12-31-accounts

CALVARY CHAPEL HASTINGS ANNUAL REPORTS & ACCOUNTS YEAR ENDED 31 DEC 2021

CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31 December 2021

Contents

Objectives and Activities Pg 2
Achievements and Performance Pg 2
Financial Review Pg 2
Structure, Governance and Management Pg 3
Reference and Administrative Details Pg 3
Declaration Pg 3
Statement of Financial Activities Pg 4
Balance Sheet Pg 5
Summary Income and Expenditure Account Pg 6
Statement of Cash Flows Pg 7
Notes to the Financial Statements
1. Accounting Policies Pg 8
2. Analysis of Income Pg 10
3. Donated Goods, Facilities and Services Pg 10
4. Analysis of Expenditure on Charitable Activities Pg 11
5. Trustee Expenses Pg 12
6. Staff Costs and Employee Benefits Pg 12
7. Trustees' Remuneration and Benefits Pg 12
8. Audit, Independent Examination and other Financial Fees Pg 13
9. Grant-making Activities Pg 13
10. Debtors Pg 14
11. Creditors Pg 14
12. Fixed Assets Pg 15
13. Summary of the Assets and Liabilities of Each Category of Fund Pg 16
14. Movement in Funds Pg 17

Pg 1

CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31 December 2021

Objectives and Activities

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:

Activities of the Charity

The main activities undertaken by the Charity in order to fulfil our charitable objectives and for the public benefit are as follows: We conduct two weekly meetings in person on Sunday and Wednesday. These meetings consists of a time of communal public worship open to all the community followed by a time of teaching and exhortation from the Bible. This is followed by a time of refreshments allowing for social interaction by the church. In addition there is a weekly online meeting for the benefit of those who cannot travel during the week but still need the opportunity to be part of the church. We also hold special services for the traditional Christian holidays (Easter & Christmas) that provide the church to interact with the wider local community and introduce them to the work of the church.

Achievements and Performance

During this year we continued to hold weekly meetings on a Sunday and a Wednesday. This was a difficult time and we maintained Covid-19 standards. In addition to in-person meetings we also offer a number of meetings online. The Church expanded its online presence during lockdowns and continues to use the latest streaming technology to make services available to all. In addition, the Sunday School groups participated in a number of events raising money for charities abroad. The building has undergone a number of urgent repairs and improvements during the year. The most urgent was to install a completely new roof in order to stop an ongoing leak.

Financial Review

Financial Position

The Charity's financial position at the year ending 31st December 2021 is in line with the Trustee's expectation. The year saw continued and regular donations to enable to Charity to continue to undertake the activities and projects planned to meet it's charitable objectives. Although there was an increase in the spending of the Charity to meet certain needs, this was covered by incoming donations and gifts. In summary, the finances for both ongoing costs and one-off projects have been met and the Charity is in a strong and healthy financial position for the year ahead.

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. The Charity holds reserves of value must be available as a liquid asset at all times. These reserves equate to 2 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.

Pg 2

CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31 December 2021

Structure, Governance and Management

The governing document for Calvary Chapel Hastings Limited is: Memorandum and Articles Incorporated 16/12/2009

Calvary Chapel Hastings Limited is a Charitable Company, limited by guarantee.

The nature of the Charity's governing document is "Articles of Association''. The Charity is constituted as a Company Limited by Guarentee which does not have a Share Capital. The governing document provides detail on the methods used to recruit and appoint charity trustees. The number of trustees shall be not less than three but shall be not more than twelve. Qualification requirements as well as disqualification and removal of trustees in also details within the governing document. Roles descriptions, appointment qualifications and responsibilities within the Charity's management structure including the Pastor, the Secretary and the Treasurer are included within the governing document.

Reference and Administrative Details

Name: Calvary Chapel Hasings Limited
also known as "Calvary Chapel Hastings" or "Calvary Hastings"
Trustees: Thomas Fretwell - Chair
Thomas Crawshaw
Alexander Godis
Douglas Keen_(until 13th June 2021)_
Pastors Thomas Fretwell
Registered Charity Number: 1135518
Company Number: 7106786
Charity Principal Address: 50 Duke Road
St. Leonards-on-Sea
Hastings
East Sussex
TN37 7DN
Accounts Prepared By: Bliss Accounts
Declaration

The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees:

Thomas Fretwell (Chair)

Date: 01/03/2022

Pg 3

CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31 December 2021

Statement of Financial Activities

For the Year Ended 31 December 2021

Note
Income
Donations and Legacies
2
Investments
2
Other
2
Total Income		 Unrestricted
Funds 2021
Restricted
Funds 2021
Total Funds
2021
Total Funds
2020
£
£
£
£
101,867
2,848
104,715
88,020
7
-
7
45
74
-
74
-
101,948
2,848
104,796
88,065
Expenditure
Charitable Activities
4-9
Total Expenditure
Net Income (Expenditure)
Net Movement in Funds
Reconciliation of Funds
14
Total Funds Brought Forward
Total Funds Carried Forward		 57,656
-
57,656
53,739
57,656
-
57,656
53,739
44,292
2,848
47,140
34,326
44,292
2,848
47,140
34,326
147,762
36,830
184,592
150,266
192,054
39,678
231,732
184,592
Pg 4

CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31 December 2021

Balance Sheet

At 31 December 2021

2021 2021 2020 2020
Note £
£		 £
£
Fixed Assets
Tangible Assets
12
Current Assets
Debtors
10
Cash in Bank and in hand		 137,722
18,673
76,847		 101,016
3,443
80,536
Total Current Assets 95,520 83,979
Liabilities
Creditors: Amounts
falling due within one
year
11		 (1,510) (403)
Net Current Assets 94,010 83,576
Net Assets 231,732 184,592
The Funds of the Charity
13-14
Unrestricted Funds
Restricted Funds		 192,054
39,678		 147,762
36,830
Total Funds 231,732 184,592

These financial statements were approved by the board of trustees and signed on their behalf, on 01/03/2022 Signed on behalf of the charity’s trustees:

Thomas Fretwell (Chair)

Pg 5

CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31 December 2021

Summary Income and Expenditure Account

For the Year Ended 31 December 2021

Note
Income
2-3
Gains/(losses) on investments
Interest and investment Income
2
Gross Income in the Reporting Period
Expenditure
4-9		 2021
£
104,789
-
7
104,796
52,844		 2020
£
88,020
-
45
88,065
52,389
Interest Payable - -
Depreciation and charges for the impairment of Fixed Assets
12
Total Expenditure in the Reporting Period
Net Income (Expenditure) before tax
Tax Payable
Net Income (Expenditure) for the financial year		 4,812
57,656
47,140
-
47,140		 1,350
53,739
34,326
-
34,326

Pg 6

CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31 December 2021

Statement of Cash Flows

For the Year Ended 31 December 2021

For the Year Ended 31 December 2021
Cash flows from Operating Activities
Net cash provided by (used in) Operating Activities		 2021
£		 2020
£
37,822 44,801
(see Note 1)
Cash flows from Investment Activities
Interest on cash deposits		 7
45
Capital Expenditure
Fixed Asset Additions
Costs of Fixed Asset Disposals
Net cash inflow/(outflow) for the year
Cash and Cash Equivalents at 1 January 2021
Cash and Cash Equivalents at 31 December 2021
Note 1. Reconciliation of net Income/(Expenditure)
(as per Statement of financial Activities)
Net Income/(Expenditure)
Adjustments For:
Depreciation Charges
Interest on investments
(Increase)/decrease in debtors
Increase/(decrease) in liabilities		 (41,518)
-
80,536
76,847
2021
£
47,140
4,812
(7)
(15,230)
1,107		 -
(458)
36,148
80,536
80,536
2020
£
34,326
1,350
(45)
9,927
(757)
37,822 44,801

Pg 7

CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31 December 2021

Notes to the Financial Statements

For the Year Ended 31 December 2021

1. Accounting Policies

General Information

Calvary Chapel Hastings 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 page 1.

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 2019) and The Charities Act 2011.

Calvary Chapel Hastings 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.

Designated funds comprise unrestricted funds that have been set aside by the trustees and earmarked for particular purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the church for particular purposes. The costs of raising and administering such funds are charged against the specific fund.

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.

Pg 8

CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31 December 2021

Notes to the Financial Statements - Continued

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.

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

Duke Road Building - Fixed Asset

The Duke Road property was received as a gift to the Charity on 15/02/2019. In accordance with the Charities SORP and FRS 15, the value of capitalisation of this major gift is valued to the open market price for the kind of property it is. The building, in its state of acquisition, was suitable for charity use without any major moderations.

With reference to FRS11 impairment rules and SORP 2005 para 256, the commercial carrying value is immediately reduced to the asset’s recoverable amount – the higher of its ‘net realisable value’ and ‘value in use.’ This figure has been deemed to be £100,000 – as stated by the HM Land Registry deed.

Pg 9

CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31 December 2021

Notes to the Financial Statements - Continued Notes to the Financial Statements - Continued
2. Analysis of Income
Donations and Legacies
Freewill Offerings		 2021 2020
Unrestricted
Restricted
Funds
Funds
Total
£
£
£
85,013
2,330
87,343		 Unrestricted
Restricted
Funds
Funds
Total
£
£
£
52,816
20,350
73,166
Tax Recoverable - Gift Aid 16,854
518
17,372		 9,689
5,165
14,854
Investments
Interest
Other Income
Bank Charge Error Refund
Total		 101,867
2,848
104,715
7
-
7
74
-
74
101,948
2,848
104,796		 62,505
25,515
88,020
45
-
45
-
-
-
62,550
25,515
88,065
3. Donated Goods, Facilti es and Services
Donated Goods
Donated Facilties
Number of Unpaid General Voluntee
Church Services - Hospitality an
Church Services - Discipleship a
Church Eldership and Treasurer		 rs 2021
2020
£
£
-
-
-
-
2021
2020
d Operations
nd Outreach		 12
10
19
15
3
4
31
25
2021 2020
£ £
Donated Goods - -
Donated Facilties - -
Number of Unpaid General Volunteers 2021 2020
Church Services - Hospitality and Operations 12 10
Church Services - Discipleship and Outreach 19 15
Church Eldership and Treasurer 3 4
31 25

Pg 10

CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31 December 2021

Notes to the Financial Statements - Continued

4. Analysis of Expenditure on Charitable Activities

Note
Mission & Ministry
Discipleship and Outreach
Grants payable
9
Grants payable - bad debt
9
Honoraria
Hospitality and Supplies
Conferences
5
Austria Conference
Training
Miscellaneous Ministry Expenditure
Travel
Employee Pay
6
Employers NI
6
Ministerial Training Support
5
Visa Costs
6
Property, Mangement and Administration
Building - Rent and Utilities
Building - Repairs, Upkeep, Minor Furnishings
Insurance
IT, Media and Music
Minor Equipment
Fixed Asset Depreciation
Fixed Asset Disposals
Payroll Services
Accounting
Independent Examination
8
Office Expenses and Postage
Other admin expenditure		 2021 2020
Activities
Grant
Undertaken
Funding of
Support
Directly
Activities
Costs
Total
£
£
£
£
4,399
-
-
4,399
-
1,939
-
1,939
-
-
-
-
240
-
-
240
2,162
-
-
2,162
107
-
-
107
-
-
-
-
-
-
-
-
-
-
-
-
6
-
-
6
22,175
-
-
22,175
774
-
-
774
743
-
-
743
-
-
-
-
30,606
1,939
-
32,545
9,180
-
-
9,180
6,291
-
-
6,291
1,159
-
-
1,159
2,286
-
-
2,286
-
-
-
-
4,812
-
-
4,812
-
-
-
-
-
-
456
456
-
-
615
615
-
-
150
150
-
-
42
42
-
-
120
120
23,728
-
1,383
25,111		 Activities
Grant
Undertaken
Funding of
Support
Directly
Activities
Costs
Total
£
£
£
£
420
-
-
420
-
6,295
-
6,295
-
1,000
1,000
-
-
-
-
1,033
-
-
1,033
155
-
-
155
1,120
-
-
1,120
-
-
-
-
139
-
-
139
-
-
-
-
14,945
-
-
14,945
-
-
-
-
2,271
-
-
2,271
557
-
-
557
20,640
7,295
-
27,935
6,687
-
-
6,687
8,714
-
-
8,714
1,129
-
-
1,129
6,083
-
-
6,083
156
-
-
156
1,350
-
-
1,350
275
-
-
275
-
-
228
228
-
-
791
791
-
-
150
150
-
-
-
-
-
-
241
241
24,394
-
1,410
25,804
54,334
1,939
1,383
57,656		 45,034
7,295
1,410
53,739

Pg 11

CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31 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 and administrative causes, exclusively and necessary for fulfilling the charity objects

1 Trustee was paid expenses in the financial year ended 31 December 2021

1 Trustee was paid expenses in the financial year ended 31 December 2020

Trustee Expenses
PhD Funding		 2021
£
743		 2020
£
-
Conferences 107 208
850 208
6. Staff Costs and Employee Benefits
2021 2020
Average number of staff employed during the reporting period 2 2
Staff Costs and Employee Benefits
Wages and Salaries
Employer's Social Security Costs		 £ £
22,175
774		 14,945
-
Employer's Contribution to Pension Schemes
Other Employee Benefits
Ministerial Training Support
Visa Costs		 -
-
-		 -
2,271
557
22,949 17,773

No employees received employee benefits of more than £60,000

7. Trustees' Renumeration and Benefits

By provision of the Memorandum and Articles Incorporated 16/12/2009, in their capacities as Pastors, D. Keen was renumerated £4,200 wil nil personal expenses. T. Fretwell was remunerated £15,125 and £850 in personal expenses. These salary payments are in relation to their ministerial roles, and not their trustee roles. There were no pension contributions made.

Pg 12

CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31 December 2021

Notes to the Financial Statements - Continued

8. Audit, Independent examination and other Financial Service fees

Independent Examination 2021
£
150		 2020
£
150
9. Grant-making Activities
2021 2020
£ £
Grants made to Institutions
Resourcing mission and ministry in accordance with the Charity Objects:
Chosen People Ministries
Creation Fest		 1,200
300		 1,200
300
Grants made to Individuals 1,500 1,500
Benevolence and Hardship:
Hardship
Wedding Gift
Ministry Support:
A Woods - Car Support		 86
-
353
439		 1,000
1,000
2,795
4,795
Total 1,939 6,295

Pg 13

CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31 December 2021

Notes to the Financial Statements - Continued

10. Debtors

10. Debtors
2021 2020
£ £
Prepayments and Accrued Income
Insurance - prepayment 600 594
IT, Media and Music - prepayment 94 134
Discipleship and Outreach - prepayment 6 5
700 733
Other Debtors
Tax Recoverable - Gift Aid 17,373 2,710 *
Amazon 600
17,973 2,710
Total 18,673 3,443

11. Creditors

Accruals and Deffered Income
Accrued Utility Bills 1,255 133
Other Creditors
Accounting 105 120
Independent Examination 150 150
255 270
Total 1,510 403

Pg 14

CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31 December 2021

Notes to the Financial Statements - Continued

12. Fixed Assets

12. Fixed Assets
Cost or Valuation
At 1 January 2021
Additions
Disposals
Revaluations
Transfers
At 31 December 2021
Depreciation and Impairments
At 1 January 2021
Disposals
Depreciation
Impairment
Transfers
At 31 December 2021
Net Book Value at 1 January 2021
Net Book Value at 31 December 2021		 Freehold
land and
Buildings		 Fixtures, Fittings and
Equipment
Duke
Road
Ministry
Building
Equipment
Total
£
£
£
593
3,609
104,202
40,320
1,198
41,518
-
-
-
-
-
-
-
-
-
Duke
Road
Building
£
100,000
-
-
-
-
100,000
-
-
-
-
-		 40,913
4,807
145,720
230
2,956
3,186
-
-
-
4,348
464
4,812
-
-
-
-
-
-
- 4,578
3,420
7,998
100,000 363
653
101,016
100,000
36,335
1,387
137,722

Pg 15

CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31 December 2021

Notes to the Financial Statements - Continued

13. Summary of the assets and liabilities of each category of fund

2021 2020
Unrestricted
Restricted
Total
Funds
Funds
Funds
£
£
£		 Unrestricted
Restricted
Total
Funds
Funds
Funds
£
£
£
Tangible Fixed Assets 137,722
-
137,722		 101,016
-
101,016
Current Assets 37,686
39,161
76,847		 43,974
36,562
80,536
Debtors 18,156
517
18,673		 3,175
268
3,443
Creditors: Amounts falling due within one year (1,510)
-
(1,510)		 (403)
-
(403)
192,054
39,678
231,732		 147,762
36,830
184,592

Pg 16

CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31 December 2021

Notes to the Financial Statements - Continued

14. Movement in Funds Fund
Fund
Balances
Balances
Brought
Net
Carried
Forward
Income
Expenditure
Transfers
Forward
£
£
£
£
£
Unrestricted Funds
General Fund 21,519
61,628
(57,656)
5,890
31,381
New Building Fund (Designated) 16,990
-
-
3,000
19,990
Duke Road Building Fund 100,363
40,320
-
-
140,683
Reserves Fund 8,890
-
-
(8,890)
-
147,762
101,948
(57,656)
-
192,054
Restricted Funds
New Building Fund (Restricted) 36,830
2,848
-
-
39,678
Total Funds 184,592
104,796
(57,656)
-
231,732

Pg 17

Independent examiner's report on the accounts

Report to the trustees of Calvary Chapel Hastings Limited Charity no. 1135518

For the period ended 31[st] December 2022 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:

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:

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: Name: Magnus Proctor FFA

Date: 15[th] March 2022

Professional qualification Fellow of the Institute of Financial Accountants

Address: Lindisfarne, Landkey Road, Barnstaple, Devon, EX32 9BW