REGISTERED COMPANY NUMBER: 07609516 (England and Wales) REGisfERED CHAIUTY NUMBER: 1141624 Unaudited Financial Ststements for the Y&qr Ended 30 June 2025 for IC brid eLimi Anthew S Parker 16 Foundry Close Halton Lancaster Lancashire LA2 6FE
am e Limi ontents of the Financial Ststements f r the Year Ended 30 J ne 2025 Page Reference and Athninistrative Details Report of the Trustees 2 to 5 Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9 to 13 Detailed Statement of Financial Activities 14
11 is Ine2 TRusfEES A Higgins J Peat S Cornell P Cornell I Nornian COMPANY SECRETARY REGISTERED OFFICE North Arbury Chapel 54 Cameron Road Cambridge CB4 2LY REGISTERED COMPANY NUMBER 07609516 (England and Wales) REGISTERED CHARrrY NUMBER 1141624 INDEPENDEf*T EXAMINER Andrew S Parker 16 Foundry Close Halton Lancaster Lancashire LA2 6FE PASTORS James Peat (Chair) Andrew Higgins Page I
e Limite for the Year Ended 30 June 202 The trustees who are also directots of the charity for the purposes of the Companies Act 2006, present their report with the financial ststements of the charity for the year ended 30 June 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accA)rdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OWEcfivES AND AcfIviTKES Objectives and aims The Charity's Objects (the Objects) are the advancement of Christianity for the benefit of the public in accordance with the following: To worship God the Father, Son and Holy Spirit; b. To build up the Church of Jesus Chrisl 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). Significant activities 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 ministy we support charities, both nationally and internationally for example: Christian Concern and New Foundations. We have looked to engage the local LX)mmunity through outreach at Christmas and Easter. Through door-to-door leaflet dropping and engaging in rA)nversation. We CA>ntinue to pray for more open doors and opportunities to impact the local community. Grantmaking policy Gifts to external organisations and individuals are considered by the Trustees on the basis of need and fulfilment of the charitsble activities. There are no upper or lower limits of support. Page 2
e Limi or hey nded 30 Jun 202 AcHVEMENrS AND PERFORMANCE Achievements and perfornjance 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 n)om into a children's room. This has mean that each Sunday we now have the space and capacity for a crèche 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 provided both structure and vision to this area of the ministy. 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 county. We had guest speakers from the UK and the USA. We had intended to do this ¢A)nference 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 christia Bible teaching church that meets every Sunday morning. We desire to be a place where people cA>me together to worship, pray, study the Bible and fellowship together as a loving CA)mmunity. We continue to have a very active online community with a large 'virtual Lx)ngregation' who login to our sernions on a regular basi& it is always exciting to hear back or even meet these people in person. 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 cA)mmitting to a life following Jesus and being baptised &s a public demonstration of their faith. With this growth our children's ministy has swelled and one class has turned into two with an additional crèche. 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 Peal 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 inspirdtion. The Bible is taught in contexl line by line in a way that is applicable to the hearer. We hear back from many new members of the rA)ngregation that this style of teaching is one of the reasons they rne 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 Delt& Open Doors who represent the furthering of the gospel in many countries globally. FINANCIAL REVIEW Financial position This year we received one fmal gift from North Arbury Fellowship, this has been put towards much of the building works and also towards the cA)ntTact 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 seThices as well as various other supporters to the objectives of the Charity. As a board of trustees we are CA)nfident with the financial stability of the charity. Principal funding sources 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. Spending 2nd reimbursement policy All money spent from an individual's personal bank accoun( 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. R&serves 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 &s a liquid asset at all times. These reserves are equal to 3 months of average total expenditure. Page 3
11 FINANCIAL REVIEW Principal sources of funding The charity's principal source of funds is from voluntary donations received fiDm those regularly attending the Sunday services as well as various other supporters of the objectives of the charity. FUTURE PLANS As a church coming into the next year, we are aiming to focus at consistency and cA)ntinuity. With a structured timetable of Sunday mornings, Wednesday nights. men,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 l1-17-yearlds. This purpose of this group will be to intentionally disciple them in their Christian faith. With a growing Children's and youth ministy we are looking forward to the consistency of running both Sunday morning and Friday night activities. With the successful appointment of a Chlldren's and youth worker we continue to look at how we can expand in these are&s. With ideas of toddlers group and home-schooling copS we are hopeful that more can be done in the futUfE to expand the work of Calvary Chapel Cambridge. srRucfuRE, GOVERNANCE AND MANAGEMENr Governing document Memorandum and Articles Incorporated 19104/2011. Organisational structure The charity currently has 5 trustees who oversee and monitor significant financial transactions, such as building worK larger pieces of soun(Vmedia equipmenL Contracts and pay is decided upon by the board of trustees as a collective. In ternis of the day to day nll1ng 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-terni, mid-tern] and long-tenn goals. This is the current set up in tern]s of key roles within the charity: srATEMEwf OF TRUSTEES, RESPONSIBILrrIES The trustees (who are also the directors of Calvary Chapel Cambridge Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial ststements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted AcLounting Practice). Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in aOrdanCe with United Kingdom Genernlly Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the stste of affaiz5 of the charitsble Lx)mpany and of the incoming resources and application of resources, including the Anrne and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitsble accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudenL prepare the financial statements on the going concern b&sis unless it is inappropriate to presume that the charitable ex)mpany WAII continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accurncy at any time the financial position of the charitable CA)mpany and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable CA)mpany and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the board of trustees on I l March 2026 and signed on its behalf by: Page 4
Cha Cambrid e Limited e Trus Ended 30 June 2025 J Peat - Trustee Page 5
nde ent Cha xami he Trust ambrid e Limited sof Independent examiner's report to the trustees of Calvary Chapel Cambridge Limited ('the Company,) I report to the charity trustees on my examination of the aceA)unts of the Company for the year ended 30 June 2025. Responsibilities and basis of report As the charity's tneeS of the Company (and also its directo for the purposes of company law) you are responsible for the preparation of the aOUnts in aCrdance with the requirements of the Companies Act 2006 (Ihe 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 examinatio I report in respect of my examination of your charity's acUnts as carried out under Section 145 of the Charities Act 2011 (Ihe 2011 ACV). In carrying out my examination I have follow the Directions given by the Charity Commission under Section 145(5) (b) of the 201 l Act. Independent examiner's ststement I have Mpleted my examination. I confirn] that no matters have come to my attention in )nnectIOn with the examination giving me cause to believe: accounting rerdS were not kept in respect of the Company as required by Section 386 of the 2006 ACL. or the aOUnts do not accord with those records; or the accounts do not comply with the aCUnting 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 CA)nsidered &s 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 acUnts 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 ac)Unts to be reached. Andrew S Parker FCA Andrew S Parker 16 Foundry Close Halton Lanter LA2 6FE I l March 2026 Page 6
Calv rid e Limited tement f Fin nde cial vi 25 30.625 30.6.24 Totsl funds fund Notes INCOME AND ENDOWMENfs FROM Donations and legacies 60,693 77,403 Other income 235 Totsl 60.693 77,638 EXPENDITURE ON Charitable activiti Mission and Ministy Propety management and administration 59,939 13JOO 58,016 14J36 Totsl 73239 72,352 NET INCOMW(EXPENDITURE) (12,546) 5286 RECONCILIATION OF FUNDS Total funds brought forward 67.041 61,755 TOTAL FUNDS CARRtED FORWARD 54,495 67.041 The notes forn] part of these financial statements Page 7
brid e Limit 30.6.25 Unrestricted fund 30.6.24 Total funds FIXED ASSETS Tangible assets Notes 4,997 8,950 CURRE]Yr ASSETS Debtors Cash in hand 4,088 45,645 3,855 54,881 49,733 58,736 CREDrroRS Amounts falling due within one year (235) (645) NET CURREwf ASSETS 49,498 58,091 TOTAL ASSETS LESS CURRENr LIABILITIES 54.495 67.041 NET ASSETS 54,495 67,041 10 Unrestricted funds 54,495 67,041 TOTAL FUNDS 54,495 67,041 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable LX)mpany as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements. so far as applicable to the charitable company. (b) These financial statements have been prepared in accordance with the provisions applicable to charitable cA)mpanies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on I l March 2026 and were signed on its behalf by: ZZ 5-z6 J Peat - Trustee The notes form part of these financial statements Page 8
e Finan AccouNfiNG POLICIES Basis of preparing the financial ststements The financial statements of the charitsble company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appliLxble in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be reL%ived and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is aCUnted for on an accruals basis and has been classified under headings that aggregate all fA)St related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. TaDgible red assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Improvements to property Plant and machinery 25 % on cx)st 25 % on cost Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. NET INCOMEI(EXPENDrruRE) Net income/(expenditure) is stated after chargin(CredIting). 30.6.25 30.6.24 Depreciation - owned assets 3,953 3,863 Page 9 continued...
une TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024. Trustees, expenses There were no trustees, expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024. No trustee was paid for their service as a trustee. The nature of expenses incurred were for: ministy, administrative and subsistence causes, exclusively and necessary for fulfilling the charity objects. l Trustees was paid expenses in the financial year ended 30th June 2024 l Trustees w&8 paid expenses in the fManc1 year ended 30th June 2023 2024 2023 Trustees Expenses Retreats and conferences Phone contract Petrol and travel 648 267 99 1,014 640 241 65 946 STAFF COSTS, EMPLOYEE BENEFITS AND TRUSTEES REMUNERATION 2024 2023 Average number of staff Staff costs and employee benefits Wages and salaries Ministerial staff contractor pay Other contractor pay Employerfs social security costs Visa costs 32,789 6,000 5,317 2,238 775 30,000 6,000 3,700 2,971 47,119 42,671 By provision of the charity's Governing Documen( 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. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACllVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 77,403 Other income 235 Total 77,638 EXPENDrruRE ON Cbaritsble activities Mission and Ministy Property management and administration 58,016 14,336 Page 10 continued...
11 nu 202 COMPARATIVES FOR THE STATEMENf OF FINANCIAL AcfiviTIES- continued Unrestricted fund Totsl 72,352 NET INCOME 5286 RECONCILIATION OF FUNDS Totsl funds brought forward 61,755 TOTAL FUNDS CARRIED FORWARD 67,041 DONATED GOODS, FAcILlEs AND SERVICES 2024 2023 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 Ministy 20 18 TANGIBLE FIXED ASSETS Improvements Plant and machinery property Totsls COST At l July 2024 and 30 June 2025 8,951 14.441 23J92 DEPRECIATION At l July 2024 Charge for year 2,047 1,995 12,395 1,958 14,442 3,953 At 30 June 2025 4,042 14J53 18,395 NET BOOK VALUE At 30 June 2025 4,909 88 4,997 At 30 June 2024 6,904 8,950 Page 11 continued...
rid e Limi Is ements- continued une 202 Ended DEBTORS: AMouNfs FALLING DUE WITHIN ONE YEAR 30.6.25 30.6.24 HMRC Gift Aid Prepayments and accrued incA)me 3,501 587 3,501 354 4,088 3,855 CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.6.25 30.6.24 AccnAls and deferred income 235 645 10. MOVEMEwf IN FUNDS Net movement in funds At 30.6.25 At 1.724 Unrestricted funds Genernl fund 67,041 (12,546) 54,495 TOTAL FUNDS 67,041 (12,546) 54,495 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 60,693 (73,239) (12,546) TOTAL FUNDS 60,693 (73,239) (12,546) Comparatives for movement in funds Net movement in funds At 30.6.24 At 1.7.23 Unrestricted funds General fund 61,755 5286 67,041 TOTAL FUNDS 61,755 5,286 67,041 Page 12 continued...
10. MOVEMEwf IN FUNDS- eontlnued Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unr£stricted funds General fund 77,638 (72,352) 5,286 TOTAL FUNDS 77,638 (72,352) 5286 A current year 12 months and prior year12 months eA)mbined position is as follows: Net movement in funds At 30.6.25 At 1.723 Unrestricted funds General fund 61,755 (7,260) 54,495 TOTAL FUNDS 61,755 (7260) 54.495 A current year 12 months and prior year 12 months CA)mbined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds UDrestricted funds General fund 138,331 (145,591) (7,260) TOTAL FUNDS 138,331 (145,591) (7,260) 11. RELATED PARTY DISCLOSURES Income InrA)me from donations include fA,680 received from trustees and related parties. Expenditure Related paty transactions are disclosed in Note 2. 'Trustee expenses, and note 3. 'Staff costs, employee benefits and trustee remuneration,. Page 13
11 cia 30.6.25 30.6.24 INCOME AND ENDOWMENrs Donations and legacies Freewill offerings T&x reLx)verable - Gift Aid 57,408 3,285 73,902 3,501 60,693 77,403 Other income HMRC Gift aid interest 235 Totsl incoming resources 60,693 77,638 EXPENDITURE Charitable activities Employee pay Building - rent and utilities Insurance Office expenses and postage Discipleship and outreach Conferences and retreats Honoraria Hospitality, supplies. gifts Contractor pay Visa costs Pastofs phone costs Building repairs Bank charges and Paypal fees IT, media and music Exchange rate discrepancy Travel and accommodation Improvements to property Plant and machinery Grants to institutions 41,898 4,953 2,037 38,027 6,877 1,841 657 818 361 1,373 10,183 239 675 170 901 916 449 1,827 320 904 11,317 775 267 92 217 1,046 (2) 99 1,905 1,958 3,600 135 1,995 1,958 3,600 72,915 71,519 Support costs Management A¢UntIng Independent examination 164 160 242 160 324 402 Other Discipleship and Outreach 431 Total resources expended 73,239 72,352 Net (expenditure)/income (12,546) 5286 This page does not forn] part of the statutory financial ststements Page 14