SHORELINE CALVARY NORTH LONDON ANNUAL REPORT & ACCOUNTS YEAR ENDED 30TH JUNE12024
Shoreline Calvary North London Limited
Annual Report and Accounts
Year Ended 30th June 2024
Objectives and Achievements .............................................................................................................. 2 Financial Review .................................................................................................................................... 3 Plans For Future Periods ...................................................................................................................... 4 Structure, Governance and Management ........................................................................................... 4 Reference and Administrative Details ................................................................................................. 5 Statement of Financial Activities ......................................................................................................... 6 Balance Sheet......................................................................................................................................... 7 Summary Income and Expenditure Account ...................................................................................... 8 Notes to the Financial Statements ....................................................................................................... 9 1. Accounting Policies ......................................................................................................................... 9 2. Analysis of Income ........................................................................................................................ 11 3. Donated Goods, Facilities and Services ....................................................................................... 11 4. Analysis of Expenditure on Charitable Activities ........................................................................... 12 5. Trustee Expenses .......................................................................................................................... 13 6. Independent Examination .............................................................................................................. 13 7. Grant Making Activities .................................................................................................................. 14 8. Staff Costs, Employee Benefits and Trustee Remuneration ......................................................... 15 9. Fixed Assets .................................................................................................................................. 16 10. Debtors ........................................................................................................................................ 17 11. Creditors ...................................................................................................................................... 17 12. Summary of the Assets and Liabilities of each Category of Fund .............................................. 18 13. Movement In Funds ..................................................................................................................... 19 14. Related Party Transactions ......................................................................................................... 20
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SHORELINE CALVARY NORTH LONDON Annual Report – Year Ended 30[th] June 2024
Objectives and Achievements
Objects of the Charity
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;
d. 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 primary day and time for meeting weekly is Sunday at 12:30 pm at St. Saviours Church, Chalk Farm, Camden during which the activities of worshipping God, prayer, reading and studying the Word of God and fellowshipping with one another are engaged on a regular basis.
Supplemental meetings for the purposes of prayer, worship, Bible study, discipling and fellowship in an informal context were provided on Thursday evenings in Camden, Wednesday mornings in Brockley, South London or by means of online facilities.
It is during the primary and supplemental meetings that individual and group prayer, worship, Bible study and use of the gifts and talents provided by God are taught, promoted and encouraged. It is also during the primary and supplemental meetings, as well as during other irregularly scheduled public outreach opportunities, that the salvation message has been made known and explained.
All of the above activities have been accomplished in an adult-level context as well as the provision of similar instruction and opportunities in child-age contexts through the use of a structured children’s ministry, mostly offered simultaneously to the adult worship services held each Sunday and conducted by volunteers from among the church body.
Achievements and Performance, Year Ended 30[th] June 2024
By God’s grace we have continued to preach, teach and reach. We have continued to fulfil our primary objectives to:
1) Worship God 2) Build up the church 3) Proclaim the gospel 4) Do good for all
The main achievement of this has been through our weekly Sunday gatherings. This year we have gathered for worship every single Sunday at St Saviour’s in Chalk Farm. Pastor Daniel has taken on the majority of the teaching, with the occasional guest speaker. Jaiden, Shamar and Lois have led the kid’s ministry. We give God thanks for the opportunity to teach
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SHORELINE CALVARY NORTH LONDON Annual Report – Year Ended 30[th] June 2024
through multiple books of the bible including: James, Philippians and The Sermon on the Mount.
Another success is the continued midweek ministry opportunities. Every Weds we have continued to hold a bible study at U-turn Recovery Project in Brockley. Each Wednesday Pastor Dan has been leading the men there through a time of worship and bible study. Occasionally he is joined by other members of church such as Jaiden, Shamar and Miles. This past year he has been teaching through the book of Acts and the Sermon on the Mount.
A midweek bible study for the fellowship has been held each week in Camden. Originally on a Tuesday, but it has now moved to Thursday. Held at Luminary Bakery, it provides a presence in the community. People can also join online via video call. The most recent books we’ve taught through have been 2 Samuel, 1 and 2 Kings.
On top of these regular activities, there have also been a number of events. We had the privilege of leading a wedding ceremony for a couple, which gave the opportunity for the gospel to be preached in non-believers. We had a Carol Service and a Good Friday meeting. We’ve also been able to attend conferences part of our wider Calvary Chapel family which have provided great opportunities for discipleship and fellowship. We give God thanks for all that he’s done this past year.
Financial Review
Financial Position
Financially this past year we have been in a stable position and operating within our means. We have a substantial amount in our savings which we haven’t needed to rely on. The main source of funds is from donations from members of the fellowship. Members have continued to give this past year despite the challenges of the current economic climate in the UK. We are grateful to the Lord for his provision. The main expenditure for us as a fellowship is the cost of rent for our Sunday and Thursday bible study. This past year we experienced a price increase in our rent from St Saviour’s. Thankfully we have been able to afford the increase and should be able to do so moving forward. At the moment we are in a stable position to keep operating as we are.
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 an amount of 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.
If at any point the reserves reach the minimum of 3 months expenditure, a trustees board meeting must be called to discuss a course forward.
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.
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SHORELINE CALVARY NORTH LONDON Annual Report – Year Ended 30[th] June 2024
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.
Plans For Future Periods
Our main plans for the future period are to continue operating as we are with our Sunday gathering and midweek activities. Our desire is to see more people reached with the gospel, discipled and matured as believers. We would at some point like to change the location of our Sunday gatherings, to find a building more suited to our needs as a fellowship. This is something Pastor Daniel is hoping to look more into this coming year.
Structure, Governance and Management
We are a small fellowship. Daniel Taylor as the lead Pastor assumes responsibility for the small day to day decisions of the charity. He is supported by volunteers and members of the church in fulfilling the charity objectives on a daily basis. The church board is made up of three trustees. Daniel Taylor, Rob Dingman and Antonye Holyde. The board oversees the organisation as a whole.
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SHORELINE CALVARY NORTH LONDON Annual Report – Year Ended 30[th] June 2024
Reference and Administrative Details
Trustees: Daniel John Taylor (Chair) Robert Dingman Antonye G Christian Holyde Pastors: Daniel John Taylor Governing Document: Memorandum and Articles Incorporated 30/06/2010 Registered Charity 1141528 Number: Company Number: 07299831 Charity Principal Address: 26 Estcourt Road London SE25 4SD 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:
Daniel John Taylor (Chair)
Date: 29[th] November 2024
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SHORELINE CALVARY NORTH LONDON Annual Report – Year Ended 30[th] June 2024
Statement of Financial Activities
For the Year Ended 30[th] June 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 33,231 - 33,231 25,200 - - - - - - - - 1,222 - 1,222 541 126 - 126 176 |
|---|---|
| 34,579 - 34,579 25,917 - - - - (31,564) - (31,564) (37,440) |
|
| (31,564) - (31,564) (37,440) 3,015 - 3,015 (11,523) - - - - |
|
| 3,015 - 3,015 (11,523) 69,593 - 69,593 81,116 |
|
| 72,608 - 72,608 69,593 |
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SHORELINE CALVARY NORTH LONDON Annual Report – Year Ended 30[th] June 2024
Balance Sheet
At 30[th] June 2024
| Note Fixed Assets Tangible Assets 9 Current Assets Debtors Cash in Bank and in Hand Total Current Assets Liabilities Creditors: Amount falling due within one year 11 Net Current Assets Net Assets The Funds of the Charity 12-13 Unrestricted Funds Restricted Funds Total Funds |
5,389 70,742 |
2024 444 76,131 72,164 72,608 72,608 - 72,608 |
3,627 87,902 |
2023 657 91,529 68,936 |
|---|---|---|---|---|
| (3,967) | (22,593) | |||
| 69,593 | ||||
| 69,593 - |
||||
| 69,593 |
For the year ending 30[th] June 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 29[th] November 2024.
Daniel John Taylor (Chair)
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SHORELINE CALVARY NORTH LONDON Annual Report – Year Ended 30[th] June 2024
Summary Income and Expenditure Account For the Year Ended 30[th] June 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 33,357 - 1,222 34,579 (31,351) - (213) (31,564) 3,015 - 3,015 |
2023 25,376 - 540 |
|---|---|---|
| 25,916 (37,244) - (195) |
||
| (37,439) (11,523) - |
||
| (11,523) |
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SHORELINE CALVARY NORTH LONDON Annual Report – Year Ended 30[th] June 2024
Notes to the Financial Statements
For the Year Ended 31[st] Dec 2023
1. Accounting Policies
General Information
Shoreline Calvary North London Limited is a Charitable Company limited by guarantee registered in England and Wales. The registered charity number, company number and address of the charity is given in the charity information in the 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.
Shoreline Calvary North London 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.
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SHORELINE CALVARY NORTH LONDON Annual Report – Year Ended 30[th] June 2024
-
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: Fixtures, fittings and equipment: at 25% of the cost per year
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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SHORELINE CALVARY NORTH LONDON Annual Report – Year Ended 30[th] June 2024
Notes to the Financial Statements - Continued
2. Analysis of Income
| 2024 Unrestricted Restricted Total Funds Funds Funds Donations and Legacies Freewill Offerings 29,464 - 29,464 Tax Recoverable - Gift Aid 3,767 - 3,767 33,231 - 33,231 Charitable Activities Merchandise and Resources Sales - - - Investment Income Bank Interest 1,222 - 1,222 Other Income HMRC Gift Aid Interest 56 - 56 Adjustment creditor accounting 70 - 70 Assenova M Retreat - - - 126 - 126 Total 34,579 - 34,579 . Donated Goods, Facilities and Services Donated Goods Donated Facilities Number of Unpaid General Volunteers Church Services - Hospitality and Operations Church Services - Technical Church Services - Facilities Church Services - Children's Ministry Church Services - Connect Mid-week group Leaders Leadership Team - Leaders |
2024 | 2023 | 2023 | |
|---|---|---|---|---|
| Unrestricted Restricted Total Funds Funds Funds 29,464 - 29,464 3,767 - 3,767 |
Unrestricted Restricted Total Funds Funds Funds 21,873 - 21,873 3,326 - 3,326 |
|||
| 33,231 - 33,231 |
25,199 | - 25,199 | ||
| - - - |
- | - - |
||
| 1,222 - 1,222 56 - 56 70 - 70 - - - |
542 6 - 170 |
- 542 - 6 - - - 170 |
||
| 126 - 126 |
176 | - 176 |
||
| 34,579 - 34,579 |
25,917 | - 25,917 | ||
| 2024 £ - - - 2 1 2 3 1 1 3 13 |
2023 £ - - |
|||
| - 5 4 4 5 4 2 4 |
||||
| 28 |
3. Donated Goods, Facilities and Services
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SHORELINE CALVARY NORTH LONDON Annual Report – Year Ended 30[th] June 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 Hospitality, Supplies, Gifts Travel and Accommodation 5 Pastor Personal Ministry Study Training and Study Materials 5 Grants 7 Property, Management and Administration Building - Rent and Utilities Office Space Payments Bank Charges and Eventbrite Fees Insurance IT, Media and Music 9 Depreciation Charges Office Expenses and Postage Accounting Independent Examination 6 |
2024 Activities Grant Undertaken Funding of Support Directly Activities Costs Total £ £ £ £ 1,005 - 188 1,193 1,138 - - 1,138 3,827 - - 3,827 3,425 - - 3,425 107 - - 107 - - - - - - - - 9,502 - 188 9,690 14,475 - - 14,475 4,346 - - 4,346 136 - - 136 226 - - 226 1,940 - - 1,940 213 - - 213 154 - - 154 - - 239 239 - - 145 145 21,490 - 384 21,874 30,992 - 572 31,564 |
2023 |
|---|---|---|
| Activities Grant Undertaken Funding of Support Directly Activities Costs Total £ £ £ £ 484 - 150 634 358 - - 358 5,164 - - 5,164 6,191 - - 6,191 91 - - 91 25 - - 25 - 550 - 550 |
||
| 12,313 550 150 13,013 9,505 - - 9,505 11,569 - - 11,569 110 - - 110 34 - - 34 2,333 - - 2,333 195 - - 195 178 - - 178 - - 363 363 - - 140 140 |
||
| 23,924 - 503 24,427 |
||
| 36,237 550 653 37,440 |
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SHORELINE CALVARY NORTH LONDON Annual Report – Year Ended 30[th] June 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.
1 Trustees was paid expenses in the financial year ended 30[th] June 2024 2 Trustees were paid expenses in the financial year ended 30[th] June 2023
| Trustee Expenses Office Space Travel Personal Ministry Study Training and Resources |
2024 £ 4,346 3,425 107 - 7,878 |
2023 £ 11,569 6,191 91 25 |
|---|---|---|
| 17,876 |
6. Independent Examination
| Independent Examiner Fees | 2024 £ 145 |
2023 £ |
|---|---|---|
| 140 |
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SHORELINE CALVARY NORTH LONDON Annual Report – Year Ended 30[th] June 2024
Notes to the Financial Statements - Continued
7. Grant Making Activities
| Grants Made to Institutions Grants Made to Individuals Hardship and Benevolence Total |
2024 £ - - - |
2023 £ |
|---|---|---|
| - | ||
| 550 | ||
| 550 |
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SHORELINE CALVARY NORTH LONDON Annual Report – Year Ended 30[th] June 2024
Notes to the Financial Statements - Continued
8. Staff Costs, Employee Benefits and Trustee Remuneration
By provision of the charity's Governing Document, D. Taylor was remunerated £7,878 in personal expenses (£3,934 personal expenses in 2023).
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SHORELINE CALVARY NORTH LONDON Annual Report – Year Ended 30[th] June 2024
Notes to the Financial Statements - Continued
9. Fixed Assets
Cost or Valuation At 1st July 2023 Additions Disposals Revaluations Transfers At 30th June 2024 Depreciation and Impairments At 1st July 2023 Disposals Depreciation Impairment Transfers At 30th June 2024 Net Book Value at 1st July 2023 Net Book Value at 30th June 2024 |
Fixtures, Fittings and Equipment |
|---|---|
| Ministry Equipment £ 852 - - - - |
|
| 852 (195) - (213) - - |
|
| (408) 657 |
|
| 444 |
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SHORELINE CALVARY NORTH LONDON Annual Report – Year Ended 30[th] June 2024
Notes to the Financial Statements - Continued
10. Debtors
| Prepayments and Accrued Income Insurance Safeguarding Other Debtors HMRC Gift Aid Total 1. Creditors Other Creditors D Taylor Office Space D Taylor Expenses Rent owing Hospitality and Outreach Accountancy Fees Independent Examination Bank Charges Total |
2024 £ 198 119 317 5,072 5,389 2024 £ - 2,153 1,355 196 106 145 12 3,967 **3,967 ** |
2023 £ 190 110 |
|---|---|---|
| 300 | ||
| 3,327 | ||
| 3,627 | ||
| 2023 £ 11,569 7,832 2,905 - 140 136 11 |
||
| 22,593 | ||
| 22,593 |
11. Creditors
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SHORELINE CALVARY NORTH LONDON Annual Report – Year Ended 30[th] June 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 £ £ £ 444 - 444 - - - 70,742 - 70,742 5,389 - 5,389 (3,967) - (3,967) - - - 72,608 - 72,608 |
2023 |
|---|---|---|
| Unrestricted Restricted Total Funds Funds Funds £ £ £ 657 - 657 - - - 87,903 - 87,903 3,626 - 3,626 (22,593) - (22,593) - - - |
||
| 69,593 - 69,593 |
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SHORELINE CALVARY NORTH LONDON Annual Report – Year Ended 30[th] June 2024
Notes to the Financial Statements - Continued
13. Movement In Funds
| Unrestricted Funds General Fund Total Funds |
Fund Balances Net Fund Balances Brought Forward Income Expenditure Transfers Carried Forward £ £ £ £ £ 69,593 34,579 (31,564) - 72,608 |
|---|---|
| 69,593 34,579 (31,564) - 72,608 |
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SHORELINE CALVARY NORTH LONDON Annual Report – Year Ended 30[th] June 2024
Notes to the Financial Statements - Continued
14. Related Party Transactions
Income
Income from donations and legacies include £1,480 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 Shoreline Calvary North London Limited
I report to the charity trustees on my examination of the accounts of Shoreline Calvary North London Limited for the year ended 30[th] June 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 material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
Accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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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 confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
Signed:
Michael King MAAT Member of the Association of Accounting Technicians 53 Fountain Fields High Bickington Devon EX37 9AP
Date: 27[th] February 2025