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2023-12-31-accounts

REGISTERED CHARITY NUMBER: 1146092

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CALVARY APOSTOLIC ASSEMBLY

BCD Accountants Limited Second Floor 21 Graham Street Birmingham United Kingdom B1 3JR

CALVARY APOSTOLIC ASSEMBLY

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Statement of Financial Position 6
Notes to the Financial Statements 7 to 15
Detailed Statement of Financial Activities 16 to 17

CALVARY APOSTOLIC ASSEMBLY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the charity are:

1) To advance the Christian faith in accordance with the statement of beliefs appearing in the governing document in Birmingham and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the charity.

2) To relieve persons who are on conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in the said location and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit.

Public benefit

The trustees confirm they have had regard to the Charity Commission's guidance on public benefit.

ACHIEVEMENT AND PERFORMANCE

Income

During the year ended 31 December 2023 the total income generated by donations across the eleven branches was £414,833 (2022: £438,231) and income from fund generating activities totalled £106,216 (2022: £2,547).

The Trustees hope that this level of income will be sustainable in future years through hard work and dedication at promoting the objectives and aims of the charity. All monies raised by or on behalf of the charity shall be applied to further the objectives of the charity and for no other purpose.

The global Coronavirus pandemic has impacted the face-to-face gatherings typically expected by the trust. In response to this, in 2020, web services were held to continue to reach out to the community. The services had been well received and continued throughout 2022. The trustees have decided to adopt a hybrid approach for 2023 in order to facilitate face-to-face gatherings whilst safeguarding more vulnerable members and those who have reservations regarding returning to social gatherings.

Specific investment powers and their authority

All monies raised by or on behalf of the charity shall be applied to further the objectives of the charity and for no other purpose.

FINANCIAL REVIEW

Reserves policy

During the year ended 31 December 2023 the charity showed a surplus of £53,962, in the prior year there was a deficit of £107,676. At 31 December 2023 total reserves amounted to £339,295 (2022: £285,333), and the trustees are pleased and have concluded that there are sufficient funds available to allow the charity to be managed efficiently to achieve their aims and objectives.

We hold cash at the bank of £183,438 (2022: £134,993), all of which is unrestricted funds that are held to meet any unforeseen expenditure that may occur. We also hold tangible fixed assets that have a net book value of £441,554 (2022: £453,091).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Page 1

CALVARY APOSTOLIC ASSEMBLY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

The declaration and constitution of the Trust was adopted on 02 December 2011.

The Calvary Apostolic Assembly (CAA) is also known as the Christian Apostolic Fellowship.

There are eleven branches of the CAA in the UK.

Charity constitution

The CAA is an unincorporated association.

Recruitment and appointment of new trustees

The recruitment and appointment of any new Trustees must be appointed by a resolution of the Trustees passed by a majority of the Trustees in accordance with the specific details held within the declaration of trust.

Organisational structure

The Trustees may from time to time appoint some persons to act as secretary and treasurer of the Trust and such persons may be (but need not be) trustees.

Wider network

The eleven branches are located in the UK in the following towns and cities:

Three additional branches were opened in the period, these were located in:

We also have links to Gaborone in Botswana, Dublin in the Republic Ireland, Johannesburg in South Africa, Bulawayo in Zimbabwe. In 2023 we continued to further our links to Katowice, Lublin, Lodz and Warsaw in Poland.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1146092

Principal address

160 Hockley Hill Hockley Birmingham West Midlands B18 5AN

Page 2

CALVARY APOSTOLIC ASSEMBLY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

Trustees

Reverend J Mpofu - Minister of Religion Mr J M Moyo - BSC Health Science - Nurse Ms N Dube - Care Support Worker Mrs L Mpofu - Healthcare Assistant Mrs J Olivier - Credit Controller Mr N Moyo - Engineer Professor W Muleya - PHD University Lecturer Mr M Ncube - PHD University Lecturer Mr B Smartt - Accountant

Independent Examiner

BCD Accountants Limited Second Floor 21 Graham Street Birmingham United Kingdom B1 3JR

Approved by order of the board of trustees on 15 March 2024 and signed on its behalf by:

Reverend J Mpofu - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CALVARY APOSTOLIC ASSEMBLY

Independent examiner's report to the trustees of Calvary Apostolic Assembly

I report to the charity trustees on my examination of the accounts of Calvary Apostolic Assembly (the Trust) for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation 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 carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Steven J Bosley FCA CTA

BCD Accountants Limited Second Floor 21 Graham Street Birmingham United Kingdom B1 3JR

15 March 2024

Page 4

CALVARY APOSTOLIC ASSEMBLY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

2023
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
414,833
Other trading activities
3
106,216
Investment income
4
1,080
Total
522,129
EXPENDITURE ON
Other
468,167
NET INCOME/(EXPENDITURE)
53,962
RECONCILIATION OF FUNDS
Total funds brought forward
285,333
TOTAL FUNDS CARRIED FORWARD
339,295		 2022
Total
funds
£
438,231
2,547
108
440,886
548,562
(107,676)
393,009
285,333

The notes form part of these financial statements

Page 5

CALVARY APOSTOLIC ASSEMBLY

STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2023

Notes
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Debtors
8
Cash at bank
CREDITORS
Amounts falling due within one year
9
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
10
NET ASSETS
FUNDS
11
Unrestricted funds
TOTAL FUNDS		 2023
Unrestricted
funds
£
441,554
-
183,438
183,438
(27,093)
156,345
597,899
(258,604)
339,295
339,295
339,295		 2022
Total
funds
£
453,091
2,000
134,993
136,993
(25,550)
111,443
564,534
(279,201)
285,333
285,333
285,333

The financial statements were approved by the Board of Trustees and authorised for issue on 15 March 2024 and were signed on its behalf by:

J Mpofu - Trustee

The notes form part of these financial statements

Page 6

CALVARY APOSTOLIC ASSEMBLY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, 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: Statement of Recommended Practice 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions

The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

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 received 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost 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 resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost
Equipment - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Taxation

The charity is exempt from 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.

Going concern

The financial statements have been prepared using the going concern basis of accounting.

continued...

Page 7

CALVARY APOSTOLIC ASSEMBLY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

2. DONATIONS AND LEGACIES

2.
DONATIONS AND LEGACIES
2023
£
Donations
414,833
3.
OTHER TRADING ACTIVITIES
2023
£
Other income
106,216
4.
INVESTMENT INCOME
2023
£
Interest receivable
1,080
5.
SUPPORT COSTS
Governance
Management
Finance
costs
£
£
£
Other resources expended
452,028
10,919
5,220		 2022
£
438,231
2022
£
2,547
2022
£
108
Totals
£
468,167

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.

7. TANGIBLE FIXED ASSETS

COST
At 1 January 2023
Disposals
At 31 December 2023
DEPRECIATION
At 1 January 2023
Charge for year
Eliminated on disposal
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022		 Freehold
property
£
444,006
-
444,006
14,800
4,440
-
19,240
424,766
429,206		 Equipment
£
103,767
(17,475)
86,292
85,325
3,688
(15,846)
73,167
13,125
18,442		 Fixtures
and
fittings
£
21,624
-
21,624
19,048
515
-
19,563
2,061
2,576

continued...

Page 8

CALVARY APOSTOLIC ASSEMBLY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

7. TANGIBLE FIXED ASSETS - continued

Motor
vehicles
£
COST
At 1 January 2023
21,450
Disposals
(5,450)
At 31 December 2023
16,000
DEPRECIATION
At 1 January 2023
19,008
Charge for year
610
Eliminated on disposal
(5,220)
At 31 December 2023
14,398
NET BOOK VALUE
At 31 December 2023
1,602
At 31 December 2022
2,442
8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors		 Computer
equipment
£
10,779
(3,036)
7,743
10,354
425
(3,036)
7,743
-
425
2023
£
-
2023
£
27,093		 Totals
£
601,626
(25,961)
575,665
148,535
9,678
(24,102)
134,111
441,554
453,091
2022
£
2,000
2022
£
25,550

Included within other creditors is £12,214 (2022: £11,814) which relates to payments due in respect of a mortgage. The mortgage is secured upon the freehold property owned by the charity.

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023 2022
£ £
Other creditors 258,604 279,201

Included within other creditors is £241,272 (2021: £251,766) which relates to payments due in respect of a mortgage. The mortgage is secured upon the freehold property owned by the charity.

continued...

Page 9

CALVARY APOSTOLIC ASSEMBLY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

11. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Main fund account
Ministries fund account
Departmental fund account
Conference fund account
Oxford fund account
Savings account
Leeds fund account
Newcastle fund account
Newport fund account
Manchester fund account
Kent fund account
Leicester fund account
Nottingham fund account
London School of Ministry account
Compassion (Build Israel) account
Southampton fund account
Mission fund account
CAA Youth account
Birmingham Savings account
CAA Building Account
TOTAL FUNDS		 At 1.1.23
£
(14,576)
158,995
480
19,085
1,048
4,694
(3,728)
1,691
1,825
7,019
9,523
590
703
1,753
8,373
1,745
903
843
20
10,353
73,994
285,333
285,333		 Net
movement
in funds
£
(23,029)
39,888
2,190
2,469
2,398
181
-
1,076
312
(3,504)
2,964
217
294
6,308
260
836
3,251
(265)
-
7,726
10,390
53,962
53,962		 At
31.12.23
£
(37,605)
198,883
2,670
21,554
3,446
4,875
(3,728)
2,767
2,137
3,515
12,487
807
997
8,061
8,633
2,581
4,154
578
20
18,079
84,384
339,295
339,295

continued...

Page 10

CALVARY APOSTOLIC ASSEMBLY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

11. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Main fund account
Ministries fund account
Departmental fund account
Conference fund account
Oxford fund account
Leeds fund account
Newcastle fund account
Newport fund account
Manchester fund account
Kent fund account
Leicester fund account
Nottingham fund account
London School of Ministry account
Compassion (Build Israel) account
Southampton fund account
Mission fund account
Birmingham Savings account
CAA Building Account
TOTAL FUNDS		 Incoming
resources
£
(1)
273,706
7,977
1,872
3,405
16,036
29,245
12,090
31,512
48,617
4,625
5,841
30,053
270
646
29,917
7,930
108
18,280
522,129
522,129		 Resources
Movement
expended
in funds
£
£
(23,028)
(23,029)
(233,818)
39,888
(5,787)
2,190
597
2,469
(1,007)
2,398
(15,855)
181
(28,169)
1,076
(11,778)
312
(35,016)
(3,504)
(45,653)
2,964
(4,408)
217
(5,547)
294
(23,745)
6,308
(10)
260
190
836
(26,666)
3,251
(8,195)
(265)
7,618
7,726
(7,890)
10,390
(468,167)
53,962
(468,167)
53,962

continued...

Page 11

CALVARY APOSTOLIC ASSEMBLY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Main fund account
Ministries fund account
Departmental fund account
Conference fund account
Oxford fund account
Savings account
Leeds fund account
Newcastle fund account
Newport fund account
Manchester fund account
Kent fund account
Leicester fund account
Nottingham fund account
London School of Ministry account
Compassion (Build Israel) account
Southampton fund account
Mission fund account
CAA Youth account
Birmingham Savings account
CAA Building Account
TOTAL FUNDS		 At 1.1.22
£
(14,576)
152,309
713
19,709
4,590
5,144
10,811
4,656
1,065
9,360
25,556
1,297
1,524
4,457
6,674
4,809
2,641
750
220
92,082
59,218
393,009
393,009		 Net
movement
in funds
£
-
6,685
(233)
(624)
(3,542)
(450)
(14,538)
(2,965)
760
(2,341)
(16,033)
(707)
(821)
(2,704)
1,699
(3,064)
(1,738)
93
(200)
(81,729)
14,776
(107,676)
(107,676)		 At
31.12.22
£
(14,576)
158,994
480
19,085
1,048
4,694
(3,727)
1,691
1,825
7,019
9,523
590
703
1,753
8,373
1,745
903
843
20
10,353
73,994
285,333
285,333

continued...

Page 12

CALVARY APOSTOLIC ASSEMBLY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

11. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
Main fund account
Ministries fund account
Departmental fund account
Conference fund account
Oxford fund account
Savings account
Leeds fund account
Newcastle fund account
Newport fund account
Manchester fund account
Kent fund account
Leicester fund account
Nottingham fund account
London School of Ministry account
Compassion (Build Israel) account
Southampton fund account
Mission fund account
CAA Youth account
Birmingham Savings account
CAA Building Account
TOTAL FUNDS		 Incoming
resources
£
229,923
9,838
(2,618)
268
17,895
-
18,086
8,537
38,737
36,829
3,055
6,488
21,887
1,759
796
27,466
249
20
11
21,660
440,886
440,886		 Resources
Movement
expended
in funds
£
£
(223,238)
6,685
(10,071)
(233)
1,994
(624)
(3,810)
(3,542)
(18,345)
(450)
(14,538)
(14,538)
(21,051)
(2,965)
(7,777)
760
(41,078)
(2,341)
(52,862)
(16,033)
(3,762)
(707)
(7,309)
(821)
(24,591)
(2,704)
(60)
1,699
(3,860)
(3,064)
(29,204)
(1,738)
(156)
93
(220)
(200)
(81,740)
(81,729)
(6,884)
14,776
(548,562)
(107,676)
(548,562)
(107,676)

continued...

Page 13

CALVARY APOSTOLIC ASSEMBLY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Main fund account
Ministries fund account
Departmental fund account
Conference fund account
Oxford fund account
Savings account
Leeds fund account
Newcastle fund account
Newport fund account
Manchester fund account
Kent fund account
Leicester fund account
Nottingham fund account
London School of Ministry account
Compassion (Build Israel) account
Southampton fund account
Mission fund account
CAA Youth account
Birmingham Savings account
CAA Building Account
TOTAL FUNDS		 At 1.1.22
£
(14,576)
152,309
713
19,709
4,590
5,144
10,811
4,656
1,065
9,360
25,556
1,297
1,524
4,457
6,674
4,809
2,641
750
220
92,082
59,218
393,009
393,009		 Net
movement
in funds
£
(23,029)
46,573
1,957
1,845
(1,144)
(269)
(14,538)
(1,889)
1,072
(5,845)
(13,069)
(490)
(527)
3,604
1,959
(2,228)
1,513
(172)
(200)
(74,003)
25,166
(53,714)
(53,714)		 At
31.12.23
£
(37,605)
198,882
2,670
21,554
3,446
4,875
(3,727)
2,767
2,137
3,515
12,487
807
997
8,061
8,633
2,581
4,154
578
20
18,079
84,384
339,295
339,295

continued...

Page 14

CALVARY APOSTOLIC ASSEMBLY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Main fund account
Ministries fund account
Departmental fund account
Conference fund account
Oxford fund account
Savings account
Leeds fund account
Newcastle fund account
Newport fund account
Manchester fund account
Kent fund account
Leicester fund account
Nottingham fund account
London School of Ministry account
Compassion (Build Israel) account
Southampton fund account
Mission fund account
CAA Youth account
Birmingham Savings account
CAA Building Account
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
(1)
(23,028)
(23,029)
503,629
(457,056)
46,573
17,815
(15,858)
1,957
(746)
2,591
1,845
3,673
(4,817)
(1,144)
33,931
(34,200)
(269)
-
(14,538)
(14,538)
47,331
(49,220)
(1,889)
20,627
(19,555)
1,072
70,249
(76,094)
(5,845)
85,446
(98,515)
(13,069)
7,680
(8,170)
(490)
12,329
(12,856)
(527)
51,940
(48,336)
3,604
2,029
(70)
1,959
1,442
(3,670)
(2,228)
57,383
(55,870)
1,513
8,179
(8,351)
(172)
20
(220)
(200)
119
(74,122)
(74,003)
39,940
(14,774)
25,166
963,015
(1,016,729)
(53,714)
963,015
(1,016,729)
(53,714)

12. RELATED PARTY DISCLOSURES

In 2021, a loan was provided to a trustee. The initial capital was £6,000. The loan is interest free, unsecured and repayable on demand.

At the balance sheet date the amount due to the trust was nil (2022: £2,000).

Page 15

CALVARY APOSTOLIC ASSEMBLY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Other income
Investment income
Interest receivable
Total incoming resources
EXPENDITURE
Support costs
Management
Rent, rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Pastoral honorarium (Rev. Mpofu)
Sundries
Repairs and renewals
Motor expenses
Travel expenses
Training costs
Pastoral honorarium (Rev. Moyo - Nottingham)
Pastoral honorarium (Guests)
Conference costs
UK & Ireland missions
Global missions
Depn of freehold property
Depn of equipment
Depn of fixtures and fittings
Depn of motor vehicles
Depn of computer equipment
Loss on sale of tangible fixed assets
Finance
Bank charges
Bank loan interest
Mortgage interest		 2023
£
414,833
106,216
1,080
522,129
64,137
3,600
11,180
5,352
1,171
56,296
122,487
3,047
12,878
1,566
840
5,858
20,524
68,036
15,029
48,489
4,440
3,688
611
515
425
1,859
452,028
909
783
9,227
10,919		 2022
£
438,231
2,547
108
440,886
61,766
2,110
7,822
4,554
208
56,128
141,447
19,362
6,648
2,769
16,479
5,648
49,073
51,858
33,538
62,915
4,440
4,610
644
814
425
-
533,258
174
1,128
9,682
10,984

This page does not form part of the statutory financial statements

Page 16

CALVARY APOSTOLIC ASSEMBLY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Finance
Governance costs
Accountancy
Total resources expended
Net income/(expenditure)		 2023
£
5,220
468,167
53,962		 2022
£
4,320
548,562
(107,676)

This page does not form part of the statutory financial statements

Page 17