CALVARY CHAPEL HASTINGS ANNUAL REPORTS & ACCOUNTS YEAR ENDED 31 DEC 2022
CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31st December 2022
Calvary Chapel Hastings
Trustees: Thomas Fretwell Thomas Crawshaw Alexander Godis Pastors: Thomas Fretwell Governing Document: Memorandum and Articles Incorporated 16/12/2009 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
pg 1
CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31st December 2022
Contents
| Contents | |
|---|---|
| Objectives and Achievements | 3 |
| Financial Review | 3 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Summary Income and Expenditure Account | 7 |
| Statement of Cash Flows | 8 |
| Notes to the Financial Statements | 9 |
| 1. Accounting Policies | 9 |
| 2. Analysis of Income | 11 |
| 3. Donated Goods, Services and Facilities | 11 |
| 4. Analysis of Expenditure on Charitable Activities | 12 |
| 5. Trustee Expenses | 14 |
| 6. Independent Examiner’s Remuneration | 14 |
| 7. Grant Making Activities | 15 |
| 8. Staff Costs, Employee Benefts and Trustee Remuneration | 16 |
| 9. Fixed Assets | 17 |
| 10. Debtors | 18 |
| 11. Creditors | 18 |
| 12. Summary of the Assets and Liabilities of each Category of Fund | 19 |
| 13. Movements in Funds | 20 |
| 14. Related Party Transactions | 21 |
pg 2
CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31st December 2022
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:
-
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);
-
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).
Fiscal 2021: Objectives and Achievements
This year we have continued to hold the Weekly Sunday and Wednesday services which are the main services of the Church. This consists of three additional Sunday Schools being held at the same time. We also live stream the service for those unable to attend. The Church has also started running a group for parents and children open to the public during the week. The building has had extensive repairs over the last year and the roof continues to be a problem which needs further attention. We are also close to completing the purchase of a second building which we have been renting for our Sunday schools and Wednesday night service.
Financial Review
Financial Position
The charity's financial position at the year ending 31[st] December 2022 is in line with the trustee’s expectation. We are close to securing a small loan in order to complete the purchase of a second building. The income to the church remains at a good level that means we can meet our needs and continue our activities. We have also installed tap and pay donation facilities in the Church which has helped generate a high level of donations.
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. The Charity has reserves of which its value must be available as a liquid asset at all times. These reserves are equal to 3 months of average total expenditure.
Grant Making Policy
pg 3
CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31st December 2022
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.
Declaration
The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees:
Thomas Fretwell (Chair)
Date: 24/02/2023
pg 4
CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31st December 2022
Statement of Financial Activities
For the Year Ended 31st December 2022
Income and Expenditure Account
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| Note | £ | £ | £ | £ | ||
| Income | ||||||
| Donations and Legacies | 2 | 72,052 | 1,757 | 73,809 | 104,715 | |
| Charitable Activities | - | - | - | - | ||
| Other Trading Activities | - | - | - | - | ||
| Investments | 2 | 102 | - | 102 | 7 | |
| Other Income | 2 | 7 | - | 7 | 74 | |
| Total Income | 72,161 | 1,757 | 73,918 | 104,796 | ||
| Expenditure | ||||||
| Raising Funds | - | - | - | - | ||
| Charitable Activities | 4 | 83,619 | - | 83,619 | 57,656 | |
| Total Expenditure | 83,619 | - | 83,619 | 57,656 | ||
| Net Income (Expenditure) | (11,458) | 1,757 | (9,701) | 47,140 | ||
| Net Movement in Funds | (11,458) | 1,757 | (9,701) | 47,140 | ||
| Reconciliation of Funds | 12-13 | |||||
| Total Funds b/fwd | 231,732 | - | 231,732 | 184,592 | ||
| Total Funds c/fwd | 220,274 | 1,757 | 222,031 | 231,732 |
pg 5
CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31st December 2022
Balance Sheet
At 31st December 2022
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | ||||
| Fixed Assets | ||||||||
| Tangible Assets | 9 | 131,816 | 137,722 | |||||
| Current Assets | ||||||||
| Debtors | 10 | 12,163 | 18,673 | |||||
| Cash in Bank and in Hand | 78,323 | 76,847 | ||||||
| Total Current Assets | 90,486 | 95,520 | ||||||
| Liabilities | ||||||||
| Creditors: Amount falling due within one year |
11 | (271) | (1,510) | |||||
| Net Current Assets | 90,215 | 94,010 | ||||||
| Net Assets | 222,031 | 231,732 | ||||||
| The Funds of the Charity | 12-13 | |||||||
| Unrestricted Funds | 180,596 | 192,054 | ||||||
| Restricted Funds | 41,435 | 39,678 | ||||||
| Total Funds | 222,031 | 231,732 |
These financial statements were approved by the board of trustees and signed on their behalf, on 24/02/2023
Signed on behalf of the charity’s trustees: Thomas Fretwell (Chair)
pg 6
CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31st December 2022
Summary Income and Expenditure Account
For the Year End Ended 31st December 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | |||
| Income | 73,816 | 104,789 | ||
| Gains/(losses) on investments | - | - | ||
| Interest and investment Income | 102 | 7 | ||
| Gross Income in the Reporting Period | 73,918 | 104,796 | ||
| Expenditure | 83,619 | 52,844 | ||
| Interest Payable | - | - | ||
| Depreciation and charges for the impairment of Fixed Assets | 4,812 | |||
| Total Expenditure in the Reporting Period | 83,619 | 57,656 | ||
| Net Income (Expenditure) before tax | (9,701) | 47,140 | ||
| Tax Payable | - | - | ||
| Net Income (Expenditure) for the fnancial year | (9,701) | 47,140 |
pg 7
CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31st December 2022
Statement of Cash Flows
For the Year Ended 31st December 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Cash fows from Operating Activities | |||||
| Net cash provided by (used in) Operating Activities | 6,928 | 37,822 | |||
| (see Note 1) | |||||
| Cash fows from Investment Activities | |||||
| Interest on cash deposits | 102 | 7 | |||
| Capital Expenditure | |||||
| Fixed Asset Additions | (5,554) | (41,518) | |||
| Net cash infow/(outfow) for the year | 1,476 | (3,689) | |||
| Cash and Cash Equivalents at 1 Jan 2022 | 76,847 | 80,536 | |||
| Cash and Cash Equivalents at 31 Dec 2022 | 78,323 | 76,847 | |||
| 2022 | 2021 | ||||
| £ | £ | ||||
| Note 1. Reconciliation of net Income/(Expenditure) | |||||
| (as per Statement of fnancial Activities) | |||||
| Net Income/(Expenditure) | (9,701) | 47,140 | |||
| Adjustments For: | |||||
| Depreciation Charges | 11,460 | 4,812 | |||
| Interest on investments | (102) | (7) | |||
| (Increase)/decrease in debtors | 6,510 | (15,230) | |||
| Increase/(decrease) in liabilities | (1,239) | 1,107 | |||
| 6,928 | 37,822 |
pg 8
CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31st December 2022
Notes to the Financial Statements
For the Year Ended 31st December 2022
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.
-
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
pg 9
CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31st December 2022
Notes to the Financial Statements - Continued
-
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.
Governance costs of the charity are accurately recorded. These costs include those associated with preparation and examination of accounts, trustee meetings, trustee legal advice and expenditure incurred on the strategic management of the charity.
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 10
CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31st December 2022
Notes to the Financial Statements - Continued
2. Analysis of Income
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||||
| Funds | Funds | Funds | Funds | Funds | Funds | ||||
| £ | £ | £ | £ | £ | £ | ||||
| Donations and Legacies | |||||||||
| Freewill Offerings | 60,886 | 1,482 | 62,368 | 85,013 | 2,330 | 87,343 | |||
| Tax Recoverable - Gift Aid | 11,166 | 275 | 11,441 | 16,854 | 518 | 17,372 | |||
| 72,052 | 1,757 | 73,809 | 101,867 | 2,848 | 104,715 | ||||
| Investment Income | |||||||||
| Bank Interest | 102 | - | 102 | 7 | - | 7 | |||
| Other Income | |||||||||
| HMRC Gift Aid Interest | 7 | - | 7 | - | - | - | |||
| Bank Charge Error Refund | - | - | - | 74 | - | 74 | |||
| 7 | - | 7 | 74 | - | 74 | ||||
| Total | 72,161 | 1,757 | 73,918 | 101,948 | 2,848 | 104,796 |
3. Donated Goods, Services and Facilities
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | |||
| Donated Goods | - | - | ||
| Donated Facilities | - | - | ||
| - | - | |||
| Number of Unpaid General Volunteers | 2022 | 2021 | ||
| Church Services - Hospitality and Operations | 12 | 12 | ||
| Church Services - Discipleship and Outreach | 19 | 19 | ||
| Church Eldership and Treasurer | 4 | 3 | ||
| 31 | 31 |
pg 11
CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31st December 2022
Notes to the Financial Statements - Continued
4. Analysis of Expenditure on Charitable Activities
| 2022 | 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | 2021 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 and Outreach | 3,127 | - | 921 | 4,049 | 4,399 | - | - | 4,399 | |||
| Conferences and Retreats | - | - | - | - | - | - | - | - | |||
| Honoraria | 500 | - | - | 500 | 240 | - | - | 240 | |||
| Hospitality, Supplies, Gifts | 3,207 | - | 81 | 3,288 | 2,162 | - | - | 2,162 | |||
| Employee Pay | 8 | 30,940 | - | - | 30,940 | 22,175 | - | - | 22,175 | ||
| Employer NICs | 8 | 3,304 | - | - | 3,304 | 774 | - | - | 774 | ||
| Conferences | 5 | 1,126 | - | - | 1,126 | 107 | - | - | 107 | ||
| Travel and Accommodation | 5 | 191 | - | - | 191 | 6 | - | - | 6 | ||
| Training and Study Materials | 5 | 2,287 | - | - | 2,287 | 743 | - | - | 743 | ||
| Grants payable | 7 | - | 3,780 | - | 3,780 | - | 1,939 | - | 1,939 | ||
| 44,682 | 3,780 | 1,002 | 49,465 | 30,606 | 1,939 | - | 32,545 | ||||
Analysis of Expenditure on Charitable Activities continued on the next page…
pg 12
CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31st December 2022
Notes to the Financial Statements - Continued
| Property, Management and Administration |
Property, Management and Administration |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Building - Rent and Utilities | 6,556 | - | - | 6,556 | 9,180 | - | - | 9,180 | |||
| Building - Repairs, Upkeep, Minor Furnishings | 8,098 | - | - | 8,098 | 6,291 | - | - | 6,291 | |||
| Bank Charges and Square Fees | 306 | - | - | 306 | - | - | - | - | |||
| Insurance | 916 | - | - | 916 | 1,159 | - | - | 1,159 | |||
| IT, Media and Music | 1,582 | - | - | 1,582 | 2,286 | - | - | 2,286 | |||
| Depreciation Charges | 9 | 11,460 | - | - | 11,460 | 4,812 | - | - | 4,812 | ||
| Offce Expenses and Postage | - | - | 260 | 260 | - | - | 42 | 42 | |||
| Payroll Services | - | - | 456 | 456 | - | - | 456 | 456 | |||
| Accounting | - | - | 560 | 560 | - | - | 615 | 615 | |||
| Independent Examination | 6 | - | - | 155 | 155 | - | - | 150 | 150 | ||
| Legal Fees | - | - | 3,335 | 3,335 | - | - | - | - | |||
| Survey Fees | - | - | 470 | 470 | - | - | - | - | |||
| Other Admin expenditure | - | - | - | - | - | - | 120 | 120 | |||
| 28,918 | - | 5,236 | 34,154 | 23,728 | - | 1,383 | 25,111 | ||||
| 73,600 | 3,780 | 6,238 | 83,619 | - | 54,334 | 1,939 | 1,383 | 57,656 |
pg 13
CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31st December 2022
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 subsistence causes, exclusively and necessary for fulfilling the charity objects
1 Trustee was paid expenses in the financial year ended 31st December 2021
1 Trustee was paid expenses in the financial year ended 31st December 2022
| 5. Trustee Expenses | 5. Trustee Expenses | 5. Trustee Expenses | 5. Trustee Expenses | 5. Trustee Expenses |
|---|---|---|---|---|
| No trustee was paid for their service as a trustee. The nature of expenses incurred were for:ministry, administrative and subsistencecauses, exclusively and necessary for fulflling the charity objects |
||||
| 1 Trustee was paid expenses in the fnancial year ended 31st December 2021 | ||||
| 1 Trustee was paid expenses in the fnancial year ended 31st December 2022 | ||||
| 2022 | 2021 | |||
| £ | £ | |||
| Trustee Expenses | ||||
| PhD Funding | 2,266 | 743 | ||
| Retreats and Conferences | 628 | 107 | ||
| Travel and Accomodation | 191 | - | ||
| Training and Study Materials | 21 | - | ||
| 3,106 | 850 |
6. Independent Examiner’s Remuneration
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Independent Examiner’s Fees | 155 | 150 |
pg 14
CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31st December 2022
Notes to the Financial Statements - Continued
7. Grant Making Activities
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Grants made to Institutions | ||||||
| Resourcing mission and ministry in accordance with the Charity Objects: | ||||||
| Chosen People Ministries | 1,350 | 1,200 | ||||
| Creation Fest | 300 | 300 | ||||
| Ukrainian Support | 500 | |||||
| 2,150 | 1,500 | |||||
| Grants made to Individuals | ||||||
| Resourcing mission and ministry in accordance with the Charity Objects: | ||||||
| Benevolence and hardship | - | - | ||||
| Hardship | 1,630 | 86 | ||||
| Ministry Support | ||||||
| A Woods - Car Support | - | 353 | ||||
| 1,630 | 439 | |||||
| Total | 3,780 | 1,939 |
pg 15
CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31st December 2022
Notes to the Financial Statements - Continued
8. Staff Costs, Employee Benefits and Trustee Remuneration
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Average number of full-time equivalent staff employed during the reporting period |
2 | 2 | |||
| £ | £ | ||||
| Staff Costs and Employee Benefts | |||||
| Wages and Salaries | 30,940 | 22,175 | |||
| Employer's Social Security Costs | 3,304 | 774 | |||
| Employer's Contribution to Pension Schemes | - | - | |||
| Other Employee Benefts | - | - | |||
| 34,244 | 22,949 | ||||
| No employees received employee benefts of more than £60,000 | |||||
| By provision of the charity's Governing Document, in his capacity as pastor, T. Fretwell was remunerated £29,000 with £2,287 in personal expenses (of which £1,563 was in PhD training fees). (In 2021 T. Fretwell as remunerated £15,125 and £850 in personal expenses) |
|||||
| These salary payments are in relation to his ministerial role, and not his trustee role. |
No employees received employee benefits of more than £60,000
By provision of the charity's Governing Document, in his capacity as pastor, T. Fretwell was remunerated £29,000 with £2,287 in personal expenses (of which £1,563 was in PhD training fees). (In 2021 T. Fretwell as remunerated £15,125 and £850 in personal expenses)
These salary payments are in relation to his ministerial role, and not his trustee role.
pg 16
CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31st December 2022
Notes to the Financial Statements - Continued
9. Fixed Assets
| 9. Fixed Assets | |||||
|---|---|---|---|---|---|
| Fixtures, Fittings and Equipment | |||||
| Duke Road | Lighthouse | Ministry | |||
| Building | Building | Equipment | Total | ||
| £ | £ | £ | £ | ||
| Cost or Valuation | |||||
| At 1 Jan 2022 | 140,913 | - | 4,807 | 145,720 | |
| Additions | - | 4,215 | 1,339 | 5,554 | |
| Disposals | - | - | - | - | |
| Revaluations | - | - | - | - | |
| Transfers | - | - | - | - | |
| At 31 Dec 2022 | 140,913 | 4,215 | 6,146 | 151,274 | |
| Depreciation and Impairments | |||||
| At 1 Jan 2022 | 4,578 | - | 3,420 | 7,998 | |
| Disposals | - | - | - | - | |
| Depreciation | 10,228 | 309 | 923 | 11,460 | |
| Impairment | - | - | - | - | |
| Transfers | - | - | - | - | |
| At 31 Dec 2022 | 14,806 | 309 | 4,343 | 19,458 | |
| Net Book Value at 1 Jan 2022 | 136,335 | - | 1,387 | 137,722 | |
| Net Book Value at 31 Dec 2022 | 126,107 | 3,906 | 1,803 | 131,816 |
pg 17
CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31st December 2022
Notes to the Financial Statements - Continued
10. Debtors
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | |||
| Prepayments and Accrued Income | ||||
| Insurance | 335 | 600 | ||
| IT, Media and Music - Annual Subscriptions | 251 | 94 | ||
| Utilities | 130 | - | ||
| Discipleship and Outreach - Annual Thirtyoneeight Membership | 6 | 6 | ||
| 722 | 700 | |||
| Other Debtors | ||||
| HMRC Tax Recoverable - Gift Aid | 11,441 | 17,373 | ||
| Amazon - refund owing | - | 600 | ||
| 11,441 | 17,973 | |||
| Total | 12,163 | 18,673 |
11. Creditors
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | |||
| Accruals and Deferred Income | ||||
| Accrued Utilities | - | 1,255 | ||
| - | 1,255 | |||
| Other Creditors | ||||
| Accountancy Fees | 116 | 105 | ||
| Independent Examination | 155 | 150 | ||
| 271 | 255 | |||
| Total | 271 | 1,510 |
pg 18
CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31st December 2022
Notes to the Financial Statements - Continued
12. Summary of the Assets and Liabilities of each Category of Fund
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||
| Funds | Funds | Funds | Funds | Funds | Funds | |||
| £ | £ | £ | £ | £ | £ | |||
| Tangible Fixed Assets | 131,816 | - | 131,816 | 137,722 | - | 137,722 | ||
| Intangible Assets | - | - | - | - | - | - | ||
| Current Assets | 37,163 | 41,160 | 78,323 | 37,687 | 39,160 | 76,847 | ||
| Debtors | 11,938 | 225 | 12,163 | 18,155 | 518 | 18,673 | ||
| Creditors: Amounts falling due within one year | (271) | - | (271) | (1,510) | - | (1,510) | ||
| 180,646 | 41,385 | 222,031 | 192,054 | 39,678 | 231,732 |
pg 19
CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31st December 2022
Notes to the Financial Statements - Continued
13. Movements in Funds
| Fund | Fund | ||||
|---|---|---|---|---|---|
| Balances | Balances | ||||
| Brought | Net | Carried | |||
| Forward | Income | Expenditure | Transfers | Forward | |
| £ | £ | £ | £ | £ | |
| Unrestricted Funds | |||||
| General Fund | 31,381 | 72,161 | (69,586) | (8,652) | 25,304 |
| New Building Fund - Designated | 19,990 | - | (3,805) | 13,000 | 29,185 |
| Duke Road Building Fund | 140,683 | - | (10,228) | (4,348) | 126,107 |
| Restricted Funds | |||||
| New Building Fund - Restricted | 39,678 | 1,757 | - | - | 41,435 |
| Total Funds | 231,732 | 73,918 | (83,619) | - | 222,031 |
pg 20
CALVARY CHAPEL HASTINGS Annual Report - Year Ended 31st December 2022
Notes to the Financial Statements - Continued
14. Related Party Transactions
S. Fretwell, a related party, was reimbursed £105 to cover the cost of a conference ticket. Except as disclosed in note 5. 'Trustee Expenses' and note 8. 'Staff Costs, Employee Benefits and Trustees Remuneration', there have been no other transactions with related parties during the year.
Income from donations and legacies includes £8,505 (2021 - £10,021) received from Trustees and other related parties.
pg 21
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:
-
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
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to state whether particular matters have come to my attention
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: Name: Magnus Proctor FFA
Date: 10[th] March 2023
Professional qualification Fellow of the Institute of Financial Accountants
Address: Lindisfarne, Landkey Road, Barnstaple, Devon, EX32 9BW