RY c 4sTirl ANNUAL REPORTS &ACCOUNTS YEAR ENDED 31 DECEMBER 2024
Calvary Chapel Hastings Limited
Annual Report and Accounts
Year Ended 31[st] Dec 2024
Objectives and Achievements ............................................................................................................. 2 Financial Review ................................................................................................................................... 2 Plans For Future Periods ..................................................................................................................... 4 Structure, Governance and Management ........................................................................................... 4 Reference and Administrative Details ................................................................................................ 6 Statement of Financial Activities ......................................................................................................... 7 Balance Sheet ........................................................................................................................................ 8 Summary Income and Expenditure Account ..................................................................................... 9 Notes to the Financial Statements .................................................................................................... 10 1. Accounting Policies ....................................................................................................................... 10 2. Analysis of Income ........................................................................................................................ 13 3. Donated Goods, Facilities and Services ....................................................................................... 13 4. Analysis of Expenditure on Charitable Activities .......................................................................... 14 5. Trustee Expenses ......................................................................................................................... 15 6. Independent Examination ............................................................................................................. 15 7. Grant Making Activities ................................................................................................................. 16 8. Staff Costs, Employee Benefits and Trustee Remuneration ........................................................ 17 9. Fixed Assets ................................................................................................................................. 18 10. Debtors ....................................................................................................................................... 19 11. Creditors ..................................................................................................................................... 19 12. Summary of the Assets and Liabilities of each Category of Fund .............................................. 20 13. Movement In Funds .................................................................................................................... 21 14. Related Party Transactions ........................................................................................................ 22 Independent examiner’s report…………………………………………………………………………….23
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CALVARY CHAPEL HASTINGS Annual Report – Year Ended 31[st] Dec 2024
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).
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 within the church buildings. These meetings consist of a time of communal public worship open to all the local 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 prayer 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, Year Ended 31[st] Dec 2024
This year we have continued to hold the Weekly Sunday and Wednesday services which are the main services of the Church. This consists of two Sunday Schools and a Youth Group being held at the same time. We also live stream the service for those unable to attend. The Church has continued running a group for parents and children open to the public during the week. Also this year we have started a Youth Group on a Friday evening open to 11-16 year olds from the church and local community.
Financial Review
Financial Position
The charity's financial position at the year ending 31st December 2024 is in line with the trustee’s expectation. The income to the church remains at a good level that means we can meet our needs and continue to deliver our charitable objectives and associated activities. The Church continues to grow in attendees.
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.
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CALVARY CHAPEL HASTINGS Annual Report – Year Ended 31[st] Dec 2024
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.
Spending and Reimbursement Policy
All money spent from an individual’s personal bank account, with the intention of being reimbursed by the church, must either be by a trustee, or under the direction of/agreed by a trustee. If a trustee is planning to spend over £1,000 for the charity, this must also be approved by at least one other trustee.
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.
Safeguarding Policy
The charity takes seriously its responsibility to protect and safeguard the welfare of children, young people and adults with care and support needs who are entrusted to its care and has affirmed this in a written safeguarding policy. The policy endorses and follows all national and local safeguarding legislation and procedures and is regularly reviewed.
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: 10/03/2025
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CALVARY CHAPEL HASTINGS Annual Report – Year Ended 31[st] Dec 2024
Plans For Future Periods
The plans for future years are to continue to meet the aims and objectives in our original mission statement to continue to advance the message of Christianity for the benefit of the public good through regular congregational meetings. In addition to the regular Sunday service we have begun a woman's fellowship meeting that offers a specific time for people to get together. We have also begun a toddlers play group that is open to the whole community. We have learnt that this is a specific need in the community and something that we must allocate resources too.
Structure, Governance and Management
Constitution
Calvary Chapel Hastings is a private charitable company limited by guarantee with no share capital. For more information refer to Reference and Administrative Details.
Organisational structure
The board of Trustees with the Pastor as chairman is the governing body of the charity and company. The Pastor has general supervision an direction of the church. The Pastor’s term as Trustee will last as long as he is the Pastor and will not be subject to rotation and election as the other trustees. He acts as chairman of all meetings of Trustees. The company is limited by guarantee, and Trustees are also Directors for the purposes of company law.
Method of appointment or election of Trustees
The charity appoints new Trustees according to the articles of association for the charity. This follows a selection process that involves a skills assessment and advertisement (where necessary) for trustees with the appropriate skills and expertise. Appointments are normally for a two-year period, with the option for re-appointment.
Training for new Trustees
All new trustees of the charity undergo induction to familiarise themselves with the aims and work of the charity, and to ensure they understand fully their responsibilities as trustees and the organisational expectations in terms of their commitment. As part of the induction programme, trustees are provided with constitutional, governance, financial and organisational documentation. Trustees receive regular updates, and are made aware of relevant events and training opportunities. Trustees are encouraged to get to know our congregation.
Management of the charity/company
The management of the charity/company is the responsibility of the Trustees who are elected and co-opted under the terms of the memorandum and articles of association. The Trustees conduct the administration and ensure accountability and transparency in administration of the charity, overseeing all expenditure in the context of both the charity's objectives and current charity legislation and good practice. No Trustee benefits financially from the work of the charity or is remunerated in their role as Trustee. All time given in the work and administration of the charity is given voluntarily in accordance with Christian principles. The trustees record in detail all financial donations and transactions throughout the year. The charity or its Trustees do not request financial giving or solicit funds in any way, from members or non-members; its income is by way of voluntary contributions.
Public Benefit Statement
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CALVARY CHAPEL HASTINGS Annual Report – Year Ended 31[st] Dec 2024
The Trustees confirm they have complied with their duty in section 4 of the 2006 Charities Act to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties.
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CALVARY CHAPEL HASTINGS Annual Report – Year Ended 31[st] Dec 2024
Reference and Administrative Details
Trustees:
Thomas Fretwell Thomas Crawshaw Steven John Mullett (From 1st September 2024) Alexander Godis (Until 1st September 2024)
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
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CALVARY CHAPEL HASTINGS Annual Report – Year Ended 31[st] Dec 2024
Statement of Financial Activities
For the Year Ended 31[st] Dec 2024
Note Income Donations and Legacies 2 Charitable Activities Other Trading Activities Investments 2 Other Income 2 Total Income Expenditure Raising Funds Charitable Activities 4-9 Total Expenditure Net Income (Expenditure) Transfers between Funds Net Movement in Funds Reconciliation of Funds 12-13 Total Funds b/fwd Total Funds c/fwd |
Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 108,102 - 108,102 69,653 1,047 - 1,047 800 - - - - - - - 604 - - - - |
|---|---|
| 109,149 - 109,149 71,057 - - - - (87,744) - (87,744) (85,684) |
|
| (87,744) - (87,744) (85,684) 21,405 - 21,405 (14,627) - - - - |
|
| 21,405 - 21,405 (14,627) 207,404 - 207,404 222,031 |
|
| 228,809 - 228,809 207,404 |
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CALVARY CHAPEL HASTINGS Annual Report – Year Ended 31[st] Dec 2024
Balance Sheet
At 31[st] Dec 2024
| Note | 2024 | 2023 | |||
|---|---|---|---|---|---|
| Fixed Assets | |||||
| Tangible Assets | 9 | 224,901 | 227,664 | ||
| Current Assets | |||||
| Debtors | 15,544 | 13,243 | |||
| Cash in Bank and in Hand | 27,683 | 6,736 | |||
| Total Current Assets | 43,227 | 19,979 | |||
| Liabilities | |||||
| Creditors: Amount falling | 11 | ||||
| due within one year | (2,999) | (941) | |||
| Creditors: Amount falling due after more than one |
11 | ||||
| year | (36,320) | (39,298) | |||
| Net Current Assets | 3,908 | (20,260) | |||
| Net Assets | 228,809 | 207,404 | |||
| The Funds of the Charity | 12-13 | ||||
| Unrestricted Funds | 228,809 | 207,404 | |||
| Restricted Funds | - | - | |||
| Total Funds | 228,809 | 207,404 |
For the year ending 31[st] December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
These Financial Statements were approved by the board of trustees and signed on their behalf on 10/03/2025.
Thomas Fretwell (Chair)
Company registration number 07106786
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CALVARY CHAPEL HASTINGS Annual Report – Year Ended 31[st] Dec 2024
Summary Income and Expenditure Account
For the Year Ended 31[st] Dec 2024
| Income Gains/(losses) on Investments Interest and Investment Income Gross Income in the Reporting Period Expenditure Interest Payable Depreciation and charges for impairment of Fixed Assets Total Expenditure in Reporting Period Net Income (Expenditure) before tax Tax Payable Net Income (Expenditure) for the financial year |
2024 109,149 - - 109,149 (73,773) - (13,971) (87,744) 21,405 - 21,405 |
2023 70,453 - 604 |
|---|---|---|
| 71,057 (85,684) - - |
||
| (85,684) (14,627) - |
||
| (14,627) |
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CALVARY CHAPEL HASTINGS Annual Report – Year Ended 31[st] Dec 2024
Notes to the Financial Statements
For the Year Ended 31[st] Dec 2024
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 Reference and Administrative Details.
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
-
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.
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CALVARY CHAPEL HASTINGS Annual Report – Year Ended 31[st] Dec 2024
- 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: Fixtures, fittings and equipment: at 25% of the cost per year Freehold interest in land and buildings: at 2% of the cost per year (50 year useful economic life)
The Duke Road property was received as a gift to the Charity on 15/02/2019, and The Lighthouse purchased at a later date with money borrowed against the Duke Road property.
For the Duke Road Building, in line with FRS 15, the open market price was used for capitalisation, recognising its suitability for charity use upon acquisition without major modifications. Consistent with FRS 102 Section 17 on Property, Plant, and Equipment, and considering FRS 11 impairment rules alongside SORP 2005 para 256, the commercial carrying value of the Duke Road property is immediately adjusted to its recoverable amount, deemed to be £100,000 as per the HM Land Registry deed.
For both properties, the charity has assigned residual values at the end of their estimated useful economic lives, with £100,000 for the Duke Road Building and £75,000 for The Lighthouse, reflecting their expected market values after accounting for potential disposal costs. This policy ensures depreciation charges over their useful lives accurately reflect the consumption of the assets, with the residual values subject to regular review and independent valuation to align with market conditions and the assets' states, as prescribed by FRS 102. This approach allows for a realistic and conservative estimate of the properties' values to the charity, ensuring compliance with the reporting standards and acknowledging the long-term value of these significant assets.
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
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CALVARY CHAPEL HASTINGS Annual Report – Year Ended 31[st] Dec 2024
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 HASTINGS Annual Report – Year Ended 31[st] Dec 2024
Notes to the Financial Statements - Continued
2. Analysis of Income
| Donations and Legacies Freewill Offerings Tax Recoverable - Gift Aid Charitable Activities Merchandise and Resources Sales Investment Income Bank Interest Other Income HMRC Gift Aid Interest Total |
2024 Unrestricted Restricted Total Funds Funds Funds 93,320 - 93,320 14,782 - 14,782 108,102 - 108,102 1,047 - 1,047 - - - - - - 109,149 - 109,149 |
2023 |
|---|---|---|
| Unrestricted Restricted Total Funds Funds Funds 57,679 440 58,119 11,444 90 11,534 |
||
| 69,123 530 69,653 |
||
| 800 - 800 |
||
| 604 - 604 |
||
| - - - |
||
| 70,527 530 71,057 |
3. Donated Goods, Facilities and Services
| Donated Goods Donated Facilities Number of Unpaid General Volunteers Church Services - Hospitality and Operations Church Services - Discipleship and Outreach Church Eldership and Treasurer |
2024 £ - - - 20 22 4 46 |
2023 £ - - |
|---|---|---|
| - 16 18 4 |
||
| 38 |
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CALVARY CHAPEL HASTINGS Annual Report – Year Ended 31[st] Dec 2024
Notes to the Financial Statements - Continued
4. Analysis of Expenditure on Charitable Activities
| Note Mission and Ministry Discipleship and Outreach Conferences and Retreats 5 Honoraria Hospitality, Supplies, Gifts Employee Pay 8 Employer NICs 8 Travel and Accommodation 5 Training and Study Materials 5 Church Merchandise and Resource Grants 7 Other Ministry Expenditure Property, Management and Administration Building - Rent and Utilities Building - Repairs, Upkeep, Minor Furnishings Bank Charges and Square Fees Insurance IT, Media and Music 9 Depreciation Charges Office Expenses and Postage Payroll Services Accounting Independent Examination 6 Mortgage Interest Legal Fees |
2024 Activities Grant Undertaken Funding of Support Directly Activities Costs Total £ £ £ £ 3,087 - 852 3,939 2,209 - - 2,209 1,000 - - 1,000 5,417 - 108 5,525 33,000 - - 33,000 - - - - 378 - - 378 235 - - 235 1,877 - - 1,877 - 7,178 - 7,178 53 - - 53 47,256 7,178 960 55,394 8,261 - - 8,261 1,544 - - 1,544 479 - - 479 769 - - 769 2,293 - - 2,293 13,971 - - 13,971 252 - - 252 - - 456 456 - - 421 421 720 - - 720 3,184 - - 3,184 - - - - 31,473 - 877 32,350 78,729 7,178 1,837 87,744 |
2023 |
|---|---|---|
| Activities Grant Undertaken Funding of Support Directly Activities Costs Total £ £ £ £ 5,005 - 505 5,510 359 - - 359 - - - - 3,817 - 108 3,925 32,700 - - 32,700 1,090 - - 1,090 656 - - 656 1,902 - - 1,902 2,037 - - 2,037 - 4,252 - 4,252 - - - 2,303 |
||
| 47,566 4,252 613 52,431 7,051 - - 7,051 3,355 - - 3,355 1,903 - - 1,903 697 - - 697 1,660 - - 1,660 12,293 - - 12,293 - 268 268 - - 456 456 - - 389 389 - 170 170 2,708 - - 2,708 2,303 - - 2,303 |
||
| 31,970 - 1,283 33,253 |
||
| 79,536 4,252 1,896 85,684 |
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CALVARY CHAPEL HASTINGS Annual Report – Year Ended 31[st] Dec 2024
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.
On his retirement as a Trustee, a gift of £1,000 was passed to Alexander Godis in recognition of his service to the Charity, both as a Trustee and in a pastoral capacity.
2 Trustees were paid expenses in the financial year ended 31st Dec 2024
1 Trustees were paid expenses in the financial year ended 31st Dec 2023
| Trustee Expenses PhD Funding Travel and Accommodation Retreats and Conferences Training and Study Materials |
2024 £ 235 378 378 - 991 |
2023 £ 1,539 656 106 363 |
|---|---|---|
| 2,664 |
6. Independent Examination
| Independent Examiner Fees | 2024 £ 720 |
2023 £ |
|---|---|---|
| 170 |
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CALVARY CHAPEL HASTINGS Annual Report – Year Ended 31[st] Dec 2024
Notes to the Financial Statements - Continued
7. Grant Making Activities
| Grants Made to Institutions Outside the UK Joshua Fund Grants Made to Institutions Chosen People Ministries Mission Aviation Fellowship Creation Fest Bliss London Hearing Aid Charity Grants Made to Individuals Hardship Total |
2024 £ 693 1,200 200 100 100 50 1,650 4,835 7,178 |
2023 £ |
|---|---|---|
| - 1,200 - 300 500 - |
||
| 2,000 | ||
| 2,252 | ||
| **4,252 ** |
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CALVARY CHAPEL HASTINGS Annual Report – Year Ended 31[st] Dec 2024
Notes to the Financial Statements - Continued
8. Staff Costs, Employee Benefits and Trustee Remuneration
| Average number of staff employed during the reporting period Staff Costs and Employee Benefits Ministerial Staff Stipend Salary Employer's Social Security Costs Employer's Contribution to Pension Schemes Other Employee Benefits |
2024 2 £ 33,000 - - - 33,000 |
2023 2 £ 32,700 1,090 - - |
|---|---|---|
| 33,790 |
No employees received employee benefits of more than £60,000
Trustee Remuneration
In 2024 S. Fretwell, a related Party, was renumerated £30,000. (£22,500 in 2023).
(In 2023 T. Fretwell as remunerated £7,500 and £2,323 in personal expenses. These salary payments are in relation to his ministerial role, and not his trustee role.)
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CALVARY CHAPEL HASTINGS Annual Report – Year Ended 31[st] Dec 2024
Notes to the Financial Statements - Continued
9. Fixed Assets
| Cost or Valuation At 1st Jan 2024 Additions Disposals Revaluations Transfers At 31st Dec 2024 Depreciation and Impairments At 1st Jan 2024 Disposals Depreciation Impairment Transfers At 31st Dec 2024 Net Book Value at 1st Jan 2024 Net Book Value at 31st Dec 2024 |
Freehold interest in land and buildings Duke Road The Building Lighthouse £ £ 100,000 107,606 - - - - - - - - 100,000 107,606 - (380) - - - (652) - - - - |
Fixtures, Fittings and Equipment Duke Road The Ministry Building Lighthouse Equipment £ £ £ 41,448 4,216 6,146 10,465 - 743 - - - - - - - - - 51,913 4,216 6,889 (25,031) (1,363) (4,978) - - - (11,507) (1,054) (758) - - - - - - (36,538) (2,417) (5,736) 16,417 2,853 1,168 15,375 1,799 1,153 |
Total |
|---|---|---|---|
| £ 259,416 11,208 - - - |
|||
| 270,624 (31,752) - (13,971) - - |
|||
| - (1,032) 100,000 107,226 100,000 106,574 |
(45,723) 227,664 |
||
| 224,901 |
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CALVARY CHAPEL HASTINGS Annual Report – Year Ended 31[st] Dec 2024
Notes to the Financial Statements - Continued
10. Debtors
| Prepayments and Accrued Income Insurance IT, Media and Music - Annual Subscriptions Brown Bin Utilities Discipleship and Outreach.- Annual Thirtyoneeight Membership Other Debtors HMRC Gift Aid M.B. Israel Course Refund Leg Registration Fee refund Total 11. Creditors Amount falling due within one year Accruals and Deferred Income Accrued Utilities Other Creditors Accountancy Fees Independent Examination Total Amount falling due after more than one year Bank loans and overdrafts Mortgage on Duke Road, for purchase of The Lighthouse |
2024 £ 406 232 48 70 6 752 14,782 - - 14,782 15,544 2024 £ (2,149) (130) (720) (850) (2,999) 2024 £ (36,320) |
2023 £ 362 375 - 86 6 |
|---|---|---|
| 829 11,534 750 130 |
||
| 12,414 | ||
| 13,243 | ||
| 2023 £ |
||
| (651) (120) (170) |
||
| (290) | ||
| (941) | ||
| 2023 £ |
||
| (39,298) |
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CALVARY CHAPEL HASTINGS Annual Report – Year Ended 31[st] Dec 2024
Notes to the Financial Statements - Continued
12. Summary of the Assets and Liabilities of each Category of Fund
| Tangible Fixed Assets Intangible Assets Current Assets Debtors Creditors: Amounts falling due within one year Creditors: Amount falling due after more than one year |
2024 Unrestricted Restricted Total Funds Funds Funds £ £ £ 224,901 - 224,901 - - - 27,683 - 27,683 15,544 - 15,544 (2,999) - (2,999) (36,320) - (36,320) 228,809 - 228,809 |
2023 |
|---|---|---|
| Unrestricted Restricted Total Funds Funds Funds £ £ £ 227,664 - 227,664 - - - 6,736 - 6,736 13,243 - 13,243 (941) - (941) (39,298) - (39,298) |
||
| 207,404 - 207,404 |
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CALVARY CHAPEL HASTINGS Annual Report – Year Ended 31[st] Dec 2024
Notes to the Financial Statements - Continued
13. Movement In Funds
| Unrestricted Funds General Fund Duke Road Building Fund The Lighthouse Building Fund New Building Fund - Designated Restricted Funds New Building Fund - Restricted Total Funds |
Fund Balances Net Fund Balances Brought Forward Income Expenditure Transfers Carried Forward £ £ £ £ £ 23,059 109,149 (87,744) (3,082) 41,382 77,119 - - 1,936 79,055 107,226 - - 1,146 108,372 - - - - - |
|---|---|
| 207,404 109,149 (87,744) - 228,809 |
|
| - - - - - |
|
| 207,404 109,149 (87,744) - 228,809 |
The Duke Road Building Fund, as an internal unrestricted (designated) fund, represents the building asset of the Duke Road building plus any fixed asset improvements, offset by the mortgage. The Lighthouse Building Fund similarly holds the building asset of the Lighthouse Building plus any improvements, without a mortgage offset.
If either fund acquires new fixed assets, this is financed through an internal transfer from the General Fund, rather than being treated as income. Such transfers appear as movements between funds in the accounts, not as incoming resources. This approach follows standard charity accounting practices in the UK, ensuring clarity and accuracy in fund reporting.
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CALVARY CHAPEL HASTINGS Annual Report – Year Ended 31[st] Dec 2024
Notes to the Financial Statements - Continued
14. Related Party Transactions
Income
Income from donations and legacies include £4,951 received from Trustees and Related Parties
Expenditure
Related party transactions are disclosed in note 5. 'Trustee Expenses' and note 8. 'Staff Costs, Employee Benefits and Trustees Remuneration.
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Independent examiner’s report to the trustees of Calvary Chapel Hastings Limited (‘the Company’)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
C
Colin Dadswell FCA FCCA DChA
Caladine Limited Chantry House 22 Upperton Road Eastbourne East Sussex BN21 1BF
Dated: 1 September 2025
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