Annual Report & Accounts
Year Ended - 30th June
2024
CALVARY
CAMBRIDGE
to live is Christ
## **Calvary Chapel Cambridge 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 ................................................................................................. 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 ........................................................................................................................ 12 3. Donated Goods, Facilities and Services ....................................................................................... 12 4. Analysis of Expenditure on Charitable Activities ........................................................................... 13 5. Trustee Expenses .......................................................................................................................... 14 6. Independent Examination .............................................................................................................. 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_
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CALVARY CHAPEL CAMBRIDGE Annual Report – Year Ended 30[th] June 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**
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 30[th] June 2024**
In the autumn of 2023 builders began work on North Arbury Chapel. This was the culmination of months of planning to help aid and support the growth of the church. The builders knocked through two small office spaces and converted the new room into a childr en’s room. This has mean that each Sunday we now have the space and capacity for a creche plus two different aged classes. Alongside the building work we have also employed a Children’s and youth worker. She began work in January of this year and has provi ded both structure and vision to this area of the ministry.
In September 2023 we hosted a conference that was focused on the ‘Church going forward’. It was an incredibly successful day with close to 100 attendees from all over the country. We had guest speakers from the UK and the USA. We had intended to do this conference annually; however, this has been postponed due to business and workload.
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. We continue to have a very active online community with a large ‘virtual congregation’ who login to our sermons on a regular basis, it is always exciting to hear back or even meet these people in person.
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CALVARY CHAPEL CAMBRIDGE Annual Report – Year Ended 30[th] June 2024
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. The growth of a children’s group has now led there to being a need for a group for our teenagers. We are looking into starting a youth group in Autumn of 2024.
Our Sunday morning teaching is split between Lead Pastor James Peat, Pastor Andy Higgins, and James Gardner. This year we have returned to teaching week by week, looking at topical messages taught verse-by-verse from the Bible. 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 church we meet mid-week for alternate Bible study prayer/worship evenings. These nights continue 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.
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.
## **Financial Review**
## **Financial Position**
This year we received one final gift from North Arbury Fellowship, this has been put towards much of the building works and also towards the contract of a part-time worker.
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.
## **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.
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CALVARY CHAPEL CAMBRIDGE Annual Report – Year Ended 30[th] June 2024
## **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.
## **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**
As a church coming into the next year, we are aiming to focus at consistency and continuity. With a structured timetable of Sunday mornings, Wednesday nights, men’s/women’s meetings we intend to grow by simply doing what we are doing well.
This coming September we are looking to start a youth group at the church. A group that will be aimed at 11 – 17-year-olds. This purpose of this group will be to intentionally disciple them in their Christian faith. With a growing Children’s and youth minist ry we are looking forward to the consistency of running both Sunday morning and Friday night activities.
With the successful appointment of a Children’s and youth worker we continue to look at how we can expand in these areas. With ideas of toddlers group and home-schooling co-ops we are hopeful that more can be done in the future to expand the work of Calvary Chapel Cambridge.
## **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:
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CALVARY CHAPEL CAMBRIDGE
Annual Report- Year Ended 3d June 2024
Leed Pastor-J8mes Peat
Pastor-Andy Higgins
Church Administration-
Anna Findeisen
Men's ministrjaMeS
PeatlAndy HIEgin8
Women's ministry-
Chelsea Peat
Children's end Youth
worker-Anna Findeisen
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CALVARY CHAPEL CAMBRIDGE Annual Report – Year Ended 30[th] June 2024
## **Reference and Administrative Details**
**Other Names:** Calvary Chapel Cambridge Calvary Cambridge **Trustees:** James Peat (Chair) Andrew Higgins Shiralee Cornell Piers Cornell Iain Norman **Pastors:** James Peat (Chair) Andrew Higgins **Governing Document:** Memorandum and Articles Incorporated 19/04/2011 **Registered Charity** 1141624 **Number: Company Number:** 07609516 **Charity Principal 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)
Date: 27[th] October 2024
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CALVARY CHAPEL CAMBRIDGE 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**
77,403
-
77,403
53,597
-
-
-
-
-
-
-
-
-
-
-
9
237
-
237
110|
|---|---|
||**77,640**
**-**
**77,640**
**53,716**
-
-
-
-
(72,354)
-
(72,354)
(69,658)|
||**(72,354)**
**-**
**(72,354)**
**(69,658)**
5,286
-
5,286
(15,942)
-
-
-
-|
||**5,286**
**-**
**5,286**
**(15,942)**
**61,755**
**-**
**61,755**
**77,697**|
||**67,041**
**-**
**67,041**
**61,755**|
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CALVARY CHAPEL CAMBRIDGE 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**|3,855
54,881|**2024**
8,950
**58,736**
**58,091**
**67,041**
67,041
-
**67,041**|7,294
50,589|**2023**
4,833
**57,883**
**56,922**|
|---|---|---|---|---|
||(645)||(961)||
|||||**61,755**|
|||||61,755
-|
|||||**61,755**|
These Financial Statements were approved by the board of trustees and signed on their behalf on 27[th] October 2024
James Peat (Chair)
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CALVARY CHAPEL CAMBRIDGE 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**
77,640
-
-
**77,640**
(68,491)
-
(3,863)
**(72,354)**
5,286
-
**5,286**|**2023**
53,707
-
9|
|---|---|---|
|||**53,716**
(66,727)
-
(2,932)|
|||**(69,659)**
(15,943)
-|
|||**(15,943)**|
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CALVARY CHAPEL CAMBRIDGE Annual Report – Year Ended 30[th] June 2024
## **Notes to the Financial Statements**
For the Year Ended 31[st] Dec 2024
## **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 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.
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.
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 CAMBRIDGE Annual Report – Year Ended 30[th] June 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
## **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 Annual Report – Year Ended 30[th] June 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
Paypal Euro Conversion Rate Discrepancy
Income on Disposals
**Total**|**2024**
**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
73,902
- 73,902
3,501
-
3,501
**77,403**
**- 77,403**
**-**
**-**
**-**
**-**
**-**
**-**
235
-
235
2
-
2
-
-
-
**237**
**-**
**237**
**77,640**
**- 77,640**|**2023**|
|---|---|---|
|||**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
46,645
- 46,645
6,952
-
6,952|
|||**53,597**
**- 53,597**|
|||**-**
**-**
**-**|
|||**9**
**-**
**9**
-
-
-
-
-
-
110
-
110|
|||**110**
**-**
**110**|
|||**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|**2024**
£
-
-
**-**
8
2
5
2
3
**20**|**2023**
£
-
-|
|---|---|---|
|||**-**
5
2
7
2
2|
|||**18**|
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CALVARY CHAPEL CAMBRIDGE 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
Honoraria
Hospitality, Supplies, Gifts
Employee Pay
8
Contractor Pay
Visa Costs
Employer NICs
8
Travel and Accommodation
5
Pastor Phone Costs
5
Grants
7
**Property, Management and Administration**
Building - Rent and Utilities
Office Space Payments
Building - Repairs, Upkeep, Minor Furnishings
Bank Charges and Paypal 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**
**£**
**£**
**£**
**£**
449
-
431
880
1,827
-
-
1,827
320
-
-
320
904
-
-
904
35,789
-
- 35,789
11,317
-
- 11,317
775
-
-
775
2,238
-
-
2,238
99
-
-
99
267
-
-
267
-
3,600
-
3,600
**53,985**
**3,600**
**431**
**58,016**
6,877
-
-
6,877
-
-
-
-
92
-
-
92
217
-
-
217
1,841
-
-
1,841
1,046
-
-
1,046
3,863
-
-
3,863
-
-
-
-
-
-
242
242
-
-
160
160
**13,936**
**-**
**402**
**14,338**
**67,921**
**3,600**
**833**
**72,354**|**2023**|
|---|---|---|
|||**Activities**
**Grant**
**Undertaken**
**Funding of**
**Support**
**Directly**
**Activities**
**Costs**
**Total**
**£**
**£**
**£**
**£**
2,011
-
110
2,121
640
-
-
640
450
-
-
450
1,700
-
-
1,700
30,000
-
- 30,000
9,700
-
-
9,700
-
-
-
-
2,971
-
-
2,971
65
-
-
65
241
-
-
241
-
5,556
-
5,556|
|||**47,778**
**5,556**
**110**
**53,444**
7,748
-
-
7,748
-
-
-
-
1,996
-
-
1,996
354
-
-
354
1,610
-
-
1,610
809
-
-
809
2,932
-
-
2,932
101
-
-
101
-
-
509
509
-
-
155
155|
|||**15,550**
**-**
**664**
**16,214**|
|||**63,328**
**5,556**
**774**
**69,658**|
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CALVARY CHAPEL CAMBRIDGE 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 _1 Trustees was paid expenses in the financial year ended 30[th] June 2023_
|**Trustee Expenses**
Retreats and Conferences
Phone Contract
Petrol and Travel|**2024**
£
648
267
99
**1,014**|**2023**
£
640
241
65|
|---|---|---|
|||**946**|
## **6. Independent Examination**
|Independent Examiner Fees|**2024**
£
**160**|**2023**
£|
|---|---|---|
|||**155**|
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CALVARY CHAPEL CAMBRIDGE Annual Report – Year Ended 30[th] June 2024
## _Notes to the Financial Statements - Continued_
## **7. Grant Making Activities**
|**Grants Made to Institutions**
New Foundations
Open Doors
Christian Concern
Asociatia Misionand Generatio de Maine
**Grants Made to Individuals**
Hardship and Benevolence
**Total**|**2024**
£
1,800
1,200
600
-
**3,600**
**-**
**3,600**|**2023**
£
2,850
1,200
600
205|
|---|---|---|
|||**4,855**|
|||**701**|
|||**5,556**|
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CALVARY CHAPEL CAMBRIDGE Annual Report – Year Ended 30[th] June 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**
Wages and Salaries
Ministerial Staff Contractor Pay
Other Contractor Pay
Employer's Social Security Costs
Visa Costs
Employer's Contribution to Pension Schemes
Other Employee Benefits|**2024**
2
£
32,789
6,000
5,317
2,238
775
-
-
**47,119**|**2023**
1
£
30,000
6,000
3,700
2,971
-
-
-|
|---|---|---|
|||**42,671**|
By provision of the charity's Governing Document, in his capacity as pastor, J.Peat was remunerated £30,000 with £476 in personal expenses (£946 personal expenses in 2023). A.Higgins was remunerated £6,000 with £538 personal expenses (£582 personal expenses in 2023). These salary payments were in relation to their ministerial roles, and not their trustee roles. There were no pension contributions made.
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CALVARY CHAPEL CAMBRIDGE 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
Building
Equipment
Improvements
£
£
14,441
971
-
7,980
-
-
-
-
-
-
**14,441**
**8,951**
(10,437)
(142)
-
-
(1,958)
(1,905)
-
-
-
-
**(12,395)**
**(2,047)**
4,004
829
**2,046**
**6,904**|**Total**|
|---|---|---|
||Ministry
Equipment
£
14,441
-
-
-
-
**14,441**
(10,437)
-
(1,958)
-
-
**(12,395)**
4,004
**2,046**||
|||£
15,412
7,980
-
-
-|
|||**23,392**
(10,579)
-
(3,863)
-
-|
|||**(14,442)**
4,833|
|||**8,950**|
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CALVARY CHAPEL CAMBRIDGE 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**
**Accruals and Deferred Income**
Accrued Utilities
**Other Creditors**
Accountancy Fees
Independent Examination
Tax owed to HMRC
Bank Charges
**Total**|**2024**
£
217
137
**354**
**3,501**
**3,855**
**2024**
£
**407**
75
160
3
-
**238**
**645**|**2023**
£
342
-|
|---|---|---|
|||**342**|
|||**6,952**|
|||**7,294 **|
|||**2023**
£|
|||**648**
150
155
-
8|
|||**313**|
|||**961**|
## **11. Creditors**
18
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CALVARY CHAPEL CAMBRIDGE 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**
**£**
**£**
**£**
8,950
-
8,950
-
-
-
54,881
-
54,881
3,855
-
3,855
(645)
-
(645)
-
-
-
**67,041**
**-**
**67,041**|**2023**|
|---|---|---|
|||**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
4,833
-
4,833
-
-
-
50,589
-
50,589
7,294
-
7,294
(961)
-
(961)
-
-
-|
|||**61,755**
**-**
**61,755**|
19
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CALVARY CHAPEL CAMBRIDGE Annual Report – Year Ended 30[th] June 2024
## _Notes to the Financial Statements - Continued_
## **13. Movement In Funds**
|**Unrestricted Funds**
General Fund
Romanian Mission Fund
**Total Funds**|**Fund Balances**
**Net**
**Fund Balances**
**Brought Forward**
**Income**
**Expenditure**
**Transfers**
**Carried Forward**
**£**
**£**
**£**
**£**
**£**
61,755
77,640
(72,354)
-
67,041
-
-
-
-
-|
|---|---|
||**61,755**
**77,640**
**(72,354)**
**-**
**67,041**|
20
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CALVARY CHAPEL CAMBRIDGE 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 £6,235 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'
In addition, C. Peat, a related party, was remunerated £3,600 in contractor pay.
21
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CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examiner's
report on the accounts
Section A
Independent Examinerfs Report
Report to the trusteesl
members of
Calvary Chapel Cambridge Ltd
On accounts for the year
ended
30. June 2024
Charity no
(if any)
1141624
Set out on pages
I report to the twstees on my examination of the accounts of the above
charity I'the Trust") for the year ended 3010612024.
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 requiremenls ofthe Charities Act
2011 ("the Act.).
I report in respect of my examination of the Trust's accounts carried out
under section 145 of the 2011 Act and in carrying out my examination, I
have followed the applicable Directions given by the Charity Commission
under section 145151{b> of the Act.
I have completed my examination. I confirm that no material matters have
come to my attention in connection with the examination which gives me
ause to believe that in, any matenal respect..
accounting records were not kept in accordance with section 130 of
the Act or
the accounts do not accord with the accounting records
Independent
examiner's statement
I have no concems and have come across no other matters in connection
with the examination lo which attention should be drawn in order to enable a
proper understanding oflhe accounts to be reached.
le
delete the words in Ihe brackets if they do not apply.
Signed:
Date:
25 March 2025
Name:
Michelle Hook
Relevant professional
qualification(sl or body
(if any):
NIA
Address:
35 Treeve Lane, Connor Downs, Hayle, Cornwall TR27 5DQ
Section B
Disclosure
Only complete rf the examiner needs to highlight matters of concem (see CC32,
Independent examination of charity accounts- directions and guidance for
examiners).
IER
October 2018
Glve here brief details of
any items that the
ftxamlner wlshe8 to
dlgclose.
Nothing to report
IER
October 2018