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2023-06-30-accounts

Annual Report & Accounts Year Ended - 30th June 2023 CALVARY CAMBRIDGE to live is Christ

Calvary Chapel Cambridge Limited

Annual Report and Accounts

Objectives and Achievements 2
Financial Review 4
Plans for Future Periods 5
Structure, Governance and Management 5
Reference and Administrative Details 5
Statements of Financial Activities 7
Balance Sheet 8
Summary Income and Expenditure Account 9
Notes to the Financial Statements
1. Accounting Policies 10
2. Analysis of Income 12
3. Donated Goods, Facilities and Services 12
4. Analysis of Expenditure 13
5. Trustee Expenses 14
6. Independent Examiner Remuneration 14
7. Grant-making Activities 15
8. Staff Costs, Employee Benefits 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. Movement in Funds 20
14. Related Party Transactions 21

CALVARY CHAPEL CAMBRIDGE LIMITED Year Ended 30th Jun 2023

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:

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

As a church we meet regularly on a Sunday morning, where we gather as a body of believers to worship, pray and hear the bible taught line by line. Mid-week, we meet on a Wednesday night for alternating Bible story with a time of prayer and worship. Both men and women meet once a month for a time of fellowship. As a ministry we support charities, both nationally and internationally for example: Christian concern and new foundations. We have looked to engage the local community through outreach at Christmas and Easter. Through door-to-door leaflet dropping and engaging in conversation. We continue to pray for more open doors and opportunities to impact the local community.

Achievements and Performance, Year Ended 30th Jun 2023

This year the real focus of the church ministry has been about making Jesus Known. Pastor James led and orchestrated a small campaign of preaching a series of messages through the gospel of Matthew to do one thing, to make Jesus known. Alongside the messages on a Sunday morning, we launched a new website, made and distributed fliers and handed our hundreds of Gospel of Matthew. This outreach took place in our local vicinity, Cambridge city and further afield in the county. We believe this was effective in increasing our online presence but also in drawing more visitors to Sunday morning meetings. Moving forwards, we are looking to build on this and use the ‘Make Jesus Known’ more.

As a church we continue to meet the needs of all kinds of people and families across Cambridgeshire by providing a Christian, Bible teaching church that meets every Sunday morning. We desire to be a place where people come together to worship, pray, study the Bible and fellowship together as a loving community.

The church has continued to grow both in numbers but also in depth of spirituality. We seem to rely on word of mouth as our online presence for new attendees, but this has led to some people committing to a life following Jesus and being baptised as a public demonstration of their faith. With this growth our children’s ministry has swelled and one class has turned into two with an additional creche. We are looking to address a current issue of overcrowding in our children’s room by doing

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CALVARY CHAPEL CAMBRIDGE LIMITED Year Ended 30th Jun 2023

some building work to create another classroom. This has also brought in other members of the church into service through volunteering in the children’s ministry.

Our Sunday morning teaching is split between Lead Pastor James Peat, Pastor Andy Higgins, and James Gardner. This year James has spent time teaching from the Gospel of Matthew and regularly teaching messages out of this series which would encourage and build up the local church body. Each of the men who teach look to the Bible and the Holy Spirit for inspiration. The Bible is taught in context, line by line in a way that is applicable to the hearer. We hear back from many new members of the congregation that this style of teaching is one of the reasons they come back.

As a leadership team we spend a lot of time mid-week through house visits and individual discipleship sessions. This continues to be beneficial for building relationships and strengthening the faith of those who attend Calvary Cambridge. Alongside this we extend our services once a month to have a meal together. A time where the church body could get together for an extended time of fellowship.

We continue to be an active presence in the local community as much as possible with handing out invitations to special events and with our make Jesus known campaign. We have begun to investigate the possibilities of using the church as a venue for mid-week toddlers and home school groups towards the beginning of 2024.

As a church we regularly support several Charites both nationally and globally. These include Christian concern who work with the persecuted church. New foundations who do medical care and support in the Niger Delta. Open doors who represent the furthering of the gospel in many countries globally.

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CALVARY CHAPEL CAMBRIDGE LIMITED Year Ended 30th Jun 2023

Financial Review

Financial Position

This year the church has begun to invest money into the IT and media aspect of what we do on a Sunday morning. We have upgraded our sound equipment, a new sound desk and new software to enhance our Sunday morning experience.

We are still expecting one more financial gift from North Arbury Fellowship. This money will go towards church maintenance, church improvements and generally to invest in the ministry of the church.

Our giving has plateaued with no real increase or decrease as the size of the church has not changed dramatically in the past 12 months.

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.

As a board of trustees we are confident with the financial stability of the charity and we are looking towards hiring a part-time member of staff at the beginning of 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.

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.

Spending and Reimbursement Policy

All money spent from someone’s own personal 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.

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.

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CALVARY CHAPEL CAMBRIDGE LIMITED Year Ended 30th Jun 2023

Plans For Future Periods

We are looking to hold, host and run an annual day-conference available to those who attend the church regularly but also to those associated with the church who live further afield. If successful we are wanting to do this twice a year with our first conference being held in September 2023. In the previous two years with had a growth in the number of children who attend. Both children being born to families within the church and with the addition of new families to the church. This has prompted two changes/additions to the charity, one involving the building we use and second a member of staff. In the next financial year, we will be looking to knocking down a wall between two offices to make a larger classroom for a second class of children. We will also be looking to hire a part time member of staff to oversee the Children and youth programmes/classes.

These two projects – conferences and children’s work are both being undertaken with a view of future growth. It is our desire to offer more for the regular attendees but also to those who may be searching for a church.

Structure, Governance and Management

The charity currently has 5 trustees who oversee and monitor significant financial transactions, such as building work, larger pieces of sound/media equipment. Contracts and pay is decided upon by the board of trustees as a collective. In terms of the day to day running of the Charity this is overseen by the Lead Pastor, James Peat. The full leadership team consists of James Peat and Andy Higgins. As a leadership team they meet regularly to discuss short-term, mid-term and long-term goals. This is the current set up in terms of key roles within the charity:

Reference and Administrative Details

Trustees

James Peat (Chair) Andrew Higgins Shiralee Cornell (appointed 05/03/2023) Piers Cornell (appointed 05/03/2023) Iain Norman (appointed 05/03/2023) Stephen Barry Millar (until 05/03/2023) Maureen Millar (until 05/03/2023)

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CALVARY CHAPEL CAMBRIDGE LIMITED Year Ended 30th Jun 2023

Pastors James Peat (Chair) Andrew Higgins Governing Document Memorandum and Articles Incorporated 19th April 2011 Registered Charity Number 1141624 Company Number 07609516 Charity Principle Address North Arbury Chapel 54 Cameron Road Cambridge CB4 2LY 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:

James Peat (Chair) 3rd Dec 2023

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CALVARY CHAPEL CAMBRIDGE LIMITED Year Ended 30th Jun 2023

Statement of Financial Activities

For the Year Ended 30th Jun 2023

Note
Income
Donations and Legacies
2
Charitable Activities
Other Trading Activites
Investments
2
Other Income
2
Total Income
Expenditure
Raising Funds
Charitable Activities
4-9
Total Expenditure
Net Income (Expenditure)
Net Movement in Funds
Reconciliation of Funds
12-13
Total Funds b/fwd
Total Funds c/fwd
Unrestricted
Funds
2023
Restricted
Funds
2023
Total
Funds
2023
Total
Funds
2022
53,597
53,597
90,647
-
-
-
-
-
-
-
-
9
-
9
8
110
-
110
53
53,716
53,716
90,708
-
-
-
-
(69,454)
(205)
(69,659)
64,278
(69,454)
(205)
(69,659)
64,278
(15,738)
(205)
(15,943)
26,430
(15,738)
(205)
(15,943)
26,430
77,492
205
77,697
51,267
61,755
-
61,755
77,697

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CALVARY CHAPEL CAMBRIDGE LIMITED Year Ended 30th Jun 2023

Balance Sheet

Balance Sheet
At 30th Jun 2023
2023
Note
£
£
£
Fixed Assets
Tangible Assets
9
4,833
Current Assets
Debtors
10
7,294
7,500
Cash in Bank and in Hand
50,589
67,068
Total Current Assets
57,883
Liabilities
Creditors: Amount falling
due within one year
11
(961)
(612)
Net Current Assets
56,922
Net Assets
61,755
The Funds of the Charity
12-13
Unrestricted Funds
61,755
Restricted Funds
-
Total Funds
61,755
2022
£
3,741
74,568
73,956
77,697
77,492
205
77,697

These financial statements were approved by the board of trustees and signed on their behalf on 3rd Dec 2023

Signed on behalf of the Charity Trustees: James Peat (Chair)

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CALVARY CHAPEL CAMBRIDGE LIMITED Year Ended 30th Jun 2023

Summary Income and Expenditure Account

For the Year Ended 30th Jun 2023

Income
Gains/(losses) on Investments
Interest and Investment Income
Gross Income in the Reporting Period
Expenditure
Interest Payable
Depreciation and charges for the impairment of Fixed Assets
Total Expenditure in the Reporting Period
Net Income (Expenditure) before tax
Tax Payable
Net Income (Expenditure) for the financial year
2023
£
53,707
-
9
53,716
66,727
-
2,932
69,659
(15,943)
-
(15,943)
2022
£
90,700
-
8
90,708
62,009
-
2,269
64,278
26,430
-
26,430

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CALVARY CHAPEL CAMBRIDGE LIMITED Year Ended 30th Jun 2023

Notes to the Financial Statements

For the Year Ended 30th Jun 2023

1. Accounting Policies

General Information

Calvary Chapel Cambridge 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 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), Companies Act 2006 and Charities Act 2011.

Calvary Chapel Cambridge Limited is a Public Benefit Entity as defined by FRS 102.

Going Concern

The charity has a number of regular donors, giving the trustees reasonable confidence that sufficient funding will be secured beyond the current year. The trustees have assessed the level of funds held, in addition to the cash flow needs of the charity, concluding with confidence that it will be able to continue in its operation.

Fund Accounting Policies

The General Funds are not subject to any restrictions regarding their particular use and are available for applicable general purposes of the charity.

Incoming Resources

All incoming resources are included in the Statement of Financial Activities (SoFA) when; the charity is legally entitled to the resources; the trustees are virtually certain they will receive the resources; and the monetary value can be measured with sufficient reliability.

Donations are only included in the SoFA when the charity has unconditional entitlement to the resources.

Where incoming resources have related expenditure, the incoming resources and related expenditure are reported gross in the SoFA.

Incoming resources from Gift Aid tax reclaims are included in the SoFA at the same time as the gift to which they relate.

The value of voluntary help received is not included in the accounts but is described in the trustee’s annual report.

Investment income is included in the accounts when receivable

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CALVARY CHAPEL CAMBRIDGE LIMITED Year Ended 30th Jun 2023

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

Inventory

Stocks held for sale as part of non-charitable trade are measured at the lower of cost or net realisable value.

Donated goods are measured at their fair value, unless it is impractical to measure reliably the fair value of donated item(s). When there is no direct evidence of fair value for an equivalent item, a value is derived from: the cost of the item to the donor; or in the case of goods that are expected to be sold, the estimated resale value after deducting the cost to sell the goods.

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered.

Judgements in Applying Accounting Policies

In the application of the church's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates but are unlikely to be material.

Cash at Bank and In Hand

Cash at bank and in hand includes cash and short-term highly liquid investments with short maturity of three months or less from the date of acquisition or opening of the deposit or similar amount.

Financial Instruments

The church only has financial assets and financial liabilities of a kind that qualify as basic financial Instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method

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CALVARY CHAPEL CAMBRIDGE LIMITED Year Ended 30th Jun 2023

Notes to the Financial Statements - Continued

2. Analysis of Income

2. Analysis of Income 2. Analysis of Income
2023
Unrestricted
Funds
Restricted
Funds
Total
Funds
Donations and Legacies
Freewill Offerings
46,645
-
46,645
Tax Recoverable - Gift Aid
6,952
-
6,952
53,597
-
53,597
Investment Income
Bank Interest
9
-
9
Other Income
Income on Disposals
110
-
110
Book Sales
-
-
-
110
-
110
Total
53,716
-
53,716
3. Donated Goods, Facilities and Services
Donated Goods
Donated Facilities
Number of Unpaid General Volunteers
Church Services - Hospitality
Church Services - Technical
Church Services - Kids church
Church Services - Worship
Church Services - Women's Ministry
2022
Unrestricted
Funds
Restricted
Funds
Total
Funds
81,139
2,359
83,498
7,094
55
7,149
88,233 2,414
90,647
8
-
53
8
-
-
-
53
53 -
53
88,294 2,414
90,708
2023
£
-
-
-
2023
5
2
7
2
2
2022
£
-
-
-
2022
5
4
6
4
1
18 20

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CALVARY CHAPEL CAMBRIDGE LIMITED Year Ended 30th Jun 2023

Notes to the Financial Statements - Continued

4. Analysis of Expenditure

Expenditure on Charitable Activities - Activities Undertaken Directly

2023
Note
£
Mission and Ministry
Discipleship and Outreach
2,012
Hospitality - Supplies - Gifts
1,700
IT - Media - Music
809
Retreats and Conferences
640
Honorarium
450
Property, Mangement and Administration
Rent and Utilities
7,748
Building Repairs Upkeep and Minor Furnishings
1,996
Fixed Asset Depreciation
9
2,932
Insurance
1,611
Total Wages
8
30,000
Contractor Pay
8
9,700
Employers National Insurance
8
2,971
Travel Costs
5
65
Phone Costs
5
241
Office Costs and Postage
101
Bank Charges and Paypal Charges
354
63,328
Expenditure on Charitable Activities - Grant Funding of Activities
2023
Note
£
Grants Payable
7
5,556
Expenditure on Charitable Activities - Support Costs
2023
Note
£
Discipleship and Outreach - Support Costs
110
Accountancy
509
Independent Examination
6,11
155
774
TOTAL Expenditure
69,658
2022
£
1,056
1,456
266
1,028
400
6,399
2,074
2,269
1,625
30,000
9,600
787
270
220
70
200
55,208
2022
£
4,988
2022
£
376
647
140
1,194
64,278

TOTAL Expenditure

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CALVARY CHAPEL CAMBRIDGE LIMITED Year Ended 30th Jun 2023

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 30th Jun 2023

1 Trustees was paid expenses in the financial year ended 30th Jun 2022

Trustee Expenses
Retreats and Conferences
Phone Contract
Petrol and Travel
2023
£
640
241
65
946
2022
£
928
220
270
1,418

6. Independent Examiner's Remuneration

Independent Examiner Fees 2023
£
155
2022
£
140

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CALVARY CHAPEL CAMBRIDGE LIMITED Year Ended 30th Jun 2023

Notes to the Financial Statements - Continued

7. Grant-making Activities

Resourcing Mission and Ministry in accordance with the Charity Objects:

Grants Made to Institutions
New Foundations
Open Doors
Christian Concern
Asociatia Misionand Generatio de Maine
St Neots
Grants Made to Individuals
Hardship and Benevolence
S.P. - YWAM Missionary
Total
2023
£
2,850
1,200
600
205
-
4,855
701
-
701
5,556
2022
£
805
1,200
600
2,125
8
4,738
-
250
250
4,988

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CALVARY CHAPEL CAMBRIDGE LIMITED Year Ended 30th Jun 2023

Notes to the Financial Statements - Continued

8. Staff Costs, Employee Benefits and Trustee Rumuneration

2023
Average number of staff employeed during the reporting period
1
£
Staff Costs and Employee Benefits
Wages and Salaries
30,000
Ministerial Staff Contractor Pay
6,000
Other Contractor Pay
3,700
Employer's Social Security Costs
2,971
Employer's Contribution to Pension Schemes
-
Other Employee Benefits
-
42,671
2022
1
£
30,000
6,000
3,600
787
-
-
40,387

No employees received employee benefits more than £60,000

By provision of the charity's Governing Document, in his capacity as pastor, J.Peat was remunerated £30,000 with £364.02 in personal expenses (£1,418 personal expenses in 2022). A.Higgins was remunerated £6,000 with £581.98 in personal expenses. These salary payments were in relation to their ministerial role, and not their trustee role. There were no pension contributions made.

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CALVARY CHAPEL CAMBRIDGE LIMITED Year Ended 30th Jun 2023

Notes to the Financial Statements - Continued

9. Fixed Assets

Cost or Valuation
At 1st July 2022
Additions
Disposals
Revaluations
Transfers
At 30th Jun 2023
Depreciation and Impairments
At 1st July 2022
Disposals
Depreciation
Impairment
Transfers
At 30th Jun 2023
Net Book Value at 1st July 2022
Net Book Value at 30th Jun 2023
Fixtures, Fittings and
Equipment
Ministry
Equipment
Building
Improvements
Total
£
£
£
11,388
-
11,388
4,643
971
5,614
(1,590)
-
(1,590)
-
-
-
-
-
-
14,441
971
15,412
7,647
-
7,647
-
-
-
2,790
142
2,932
-
-
-
-
-
-
10,437
142
10,579
3,741
-
3,741
4,004
829
4,833

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CALVARY CHAPEL CAMBRIDGE LIMITED Year Ended 30th Jun 2023

Notes to the Financial Statements - Continued

10. Debtors

Prepayments and Accrued Income
Insurance
Rent and Utilities
Other Debtors
Tax Recoverable - Gift Aid
Total
11. Creditors
Accruals and Deferred Income
Accrued Utilities
Accrued Insurance Costs
Other Creditors
Accountancy Fees
Independent Examination
Bank Charges
Total
2023
£
342
-
342
6,952
7,294
2023
£
648
-
648
150
155
8
313
961
2022
£
186
165
351
7,149
7,500
2022
£
252
76
328
138
140
5
284
612

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CALVARY CHAPEL CAMBRIDGE LIMITED Year Ended 30th Jun 2023

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
2023
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
4,833
-
4,833
-
-
-
50,589
-
50,589
7,294
-
7,294
(961)
-
(961)
61,755
-
61,755
Tangible Fixed Assets
Intangible Assets
Current Assets
Debtors
Creditors: Amounts falling due within one year
2022
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
3,714
-
3,714
-
-
-
66,918
150
67,068
7,445
55
7,500
(612)
-
(612)
77,492
205
77,697

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CALVARY CHAPEL CAMBRIDGE LIMITED Year Ended 30th Jun 2023

Notes to the Financial Statements - Continued

13. Movement in Funds

Fund Fund
Balances Balances
Brought Net Carried
Forward Income Expenditure Transfers Forward
£ £ £ £ £
Unrestricted Funds
General Fund 77,492 53,716 (69,454) - 61,755
Romanian Mission Fund 205 - (205) - -
Total Funds 77,697 53,716 69,659 - 61,755

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CALVARY CHAPEL CAMBRIDGE LIMITED Year Ended 30th Jun 2023

Notes to the Financial Statements - Continued

14. Related Party Transactions

Income

Income from donations and legacies include £5,300 received from Trustees

Expenditure

Related party transactions are disclosed in note 5. 'Trustee Expenses' and note 8. 'Staff Costs, Employee Benefits and Trustees Remuneration'

In addition, C. Jackson, a related party, was remunerated £3,600 in contractor pay.

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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Calvary Chapel Cambridge Ltd On accounts for the year ended 30" June 2023 Charity no (if any} 1141624 Set out on pages I report to the trustees on my examination of the accounts of the above charity (Ihe Trust") for the year ended 3010612023. Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act"). I report in respect of my examination of the Trust's accounts Garried out under section 145 of the 2011 Acl and in carrying out my examinalion, I have followed the applicable Directions given by the Charity Commission under section 14515){b) of the Act. I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect- accounting records were not kept in accordance with section 130 of Ihe Act or the accounts do not accord wth the accounting records Independent examinerfs statement I have no GOn￿rnS and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets if Ihey do not apply. Signed: Illllk&trSIIIIIIIIIWI Date: nd 2 April 2024 Name: Michelle Hook Relevant professional qualificationls) or body (if any): I NIA Address: 35 Treeve Lane, Connor Downs. Hayle. Cornwall TR27 5DQ Section B Disclosure Only complete rf the examiner needs to highlight matters of COn￿M (see CC32, Independent examination ol charity accounts= directions and guidance for examiners). IER October 2018

Give here brfef detalls of any items that the examlnerwlshes to dlsclose. Nothiffj to rer October 2018