CALVARY OF FREEDOM EVANGELICAL MINISTRY
Charity No. 1147544
Trustees. Report and Unaudltèd Accounts
31 December 2023

CALVARY OF FREEDOM EVANGELICAL MINISTRY
Contents
Pages
2to3
Trustees, Annual Report
ststement of Financial Activities
Balance Sheet
Statement of Cash flows
Notes to the Accounts
8t015
Detailed Statement of Financial Actlvltles
16to
Page I

CALVARY OF FREEt)OM EVANGELICAL MINisfRY
Trustees Annual Report
The trustees present thelr report with the unaudited financial ststements of the charity for the year ended
31 December 2023.
REFERENCE AND ADMINISTRATIVE DETAILS
Charlty No. 1147544
Prlndpal Office
212
Heathwav
Dagenham
RM108QZ
Trustees
The following trustee5 served during the year:
l. Ajayi
F.K. LAWAL
K.R. OKgfoLA
Dlrectors of Corporate Trustees
lsreal Ajayi
Pastor Adedayo Isreal Ajayi
Fatal Kayode Lawal
Kayode Robert Oketola
Fatal Kayode Lawal
Trustees holding titlè to charlty property
Pastor Adedayo Isreal Ajayi
Fatal Kayode Lawal
Kayode Robert Oketola
Trustee for the tharlty In holdln¥ title to charlty property
Pastor Israel Alayl
Kayode Oketola
Fatal Lawa
Key Management Personnel
Chair
Admin
Personnel
Accountants
Pastor Isreal Adedayo Ajayi
Fatal Kayode Lawal
Kayode Robert Oketola
Charles Luf & Co
11 Pearson Street
London
E28JD
OBJEcfivES AND ACTnimES
TO ADVANCE THE CHRISTIAN RELIGION FOR THE BENEFIT OF THE PUBLIC IN ACCORDANCE WITH THE
STATEMENTS OF BELIEF APPEARING IN THE AThACHED SCHEDULE IN BARKING AND DAGENHAM.
Page 2

CALVARY OF FREEDOM EVANGELICAL MINISTRY
Trustees Annual Report
The main activitles undertaken in relation to those purposes...The ftrst function of the church in any
community is educa- tion in religion and mor31ity, the ministry to the inner life. The churches have It within
their power to bring to the people the con- sciousness of God, and of the Invisible world, and to release the
spiritual forces that lie back in every man's heart.This includes these purposes are worship, fellowship,
discipleship, ministry. and mission,
Movie Night.. A cozy 83theiing where people come together to watch a movie on a blg screen. often with
popcorn and other snacks. It'5 a great wayto bring the community together for some entertainment.
Block Party.. A neighborhood event where residents of a particular block or area come together for a day of
socializing, games. food, and fun. It promotes a sense of community and connectlon.
Fall Festival.. Usually held In the autumn, a fall festival featurès various seasonal activities, games, food, and
sometimes a pumpkin patch or haV￿de. It's a way to celebrate the hzThest season.
Fundraising Drive= An organiLed effort to raise funds for the charity's activities or cau5e5. This tan include
direct donations, selllng Stems, or seeking 5ponsor5hips and grants.
Church Picnic.. A gathering where members of the church community come tO8Èther for a meal and
socializin& often held outdoors. It'5 an opportunity to strengthen bonds amon8 church members.
Game Nlght.. An evening of playing board games, card games, or other iftteractive games. It's a fun way ft)r
people to come together. enjoy each other's company, and possibly raise funds through entry fees or
donations.
Maker's Market.. An event where local artisans and craftspeople sell their handmade goods. It's an èxcellent
way to SLSPPOrt local talent and generate funds for the thurch charity.
Serye Day= A day deadicated to community service and volunteering. Members of the church community
come together to serve and support those in need, such as the homele55 Qr disadvantaged.
These activities can serve as not only fundraising opportunities but a150 as a means to build a sense of
community and promote the values of the church ¢harity. They provide different avenues for engagement,
whether throu8h entertalnment. social interattion, or setvice to other5.
Activity / project / setvice IPrgvision of mobile food bank for the homeless
Acttvity I project / service 2Assisting church Membe￿ financlally in times of hardshlp
Provlsion of Letture, symposium. seminars and confren¢es
A larger charity must provide an expSanation of its alms. Including details of the Issues it seeks to tackle and
the changes or dlfferences it Seeks to make through its activitie5...
A larger charity must provide an explanatlon how the achievement of its aims will further its leEal purposes...
A larger charity must provide an explanation of its strategies for achievin8 its stated aims and objectives.
A larger Charity must provide an explanatlon of Its criteria or measurès it uses to asse5S Success in the
reporting period...
A larger charity should provide a more detailed explanation of its short-term and long-term aims and
objettives...
ACHIEVEMENTSAND PERFORMANCE
Page 3

CALVARY OF FREEDOM EVANGELICAL MINisfRY
TNstees Annual Report
Movie Night.. Through Movie Night events, the charity has successfully brought the community together for
enjoyable and inclusive entertsinment. It has strengthened the bornds among church members and provided
a platform for outreach to the broader wmmunity.
Block Party- Block parties have fostered a strong Sense of communlty wlthin the neighborhood. They've
created opportunities for socializing, building ￿lationShips, and promotlng unlty among residents while
raisin8 awa￿neSS about the charity's mission.
Fall Festival.. The charity's Fall Festiva15 have become an annual tradition, drawing in local families and
individuals. These events celebrate the season. and the funds rdised have supported charitable endeavors
while providing an enjoyable experience for attendees.
Fundratsing Drive-. The fundraising drives have provided the financial foundatlon for the charity's work.
They've enabled the charity to support its various initiatives and projects, making a tanglble impact on the
community.
Church Picnic- Church pi¢nits have facilitated fellowship and camaraderie among congregation members,
stren8thenin8 their connection. These events a150 serve as opportunities to engage with new members and
share the chartty's mission.
Game Night- Game Nights have not only brou8ht fun and entertainment but also generated funds for the
charity. They've fostered a sense of community and camaraderie, making it a win-win situation for all
involved.
Makees Market.. The Maker's Market has not only provided a platform for local artisans but has also
generated funds for the charity- It showcases the talent within the communtty and supports local
entrepreneurs.
Serve Day.. Serve Day has been a signifiea¢)t achievement. demonstrating the charlty's commitment to
community service. Through these event5, the charity has m3de a direct. positive impatt on the lives of those
in need while promoting its values of compassion and outreach.
A larger charity must review its charitable activities undertaken, explainlng performance achieved agalnst
objettives set...
A larger tharlty must include an explanation when material fundraising artivities are undertaken, details of
the performance achieved against fundraisin8 objectives set.
A lar8er charity must provide an explanation when material investsnents are held, detalls of investment
performance achieved against objectives set.
A larger charity must provide an explanation of any material expenditure occurred to raise income In the
future...
A larBer charlty must provide COTT)rnentary on those significant positive and negatlve factors within and
outside the charity's control which are relevant to the achievement of its objectives.
PLANS FOR FUTURE PERIODS
A larger charity must provlde a summary of the charlty's plan5 for the future including its aims and objectives
and detsils of any plans to achieve them
A larger charity's report should explain the trustees perspective of the future direction of the charitv...
Statement of trustees. responslbillties in rélation to the finan¢lal statements
Page 4

CALVARY OF FREEDOM EVANGELICAL MINISTR Y
Trustees Annual Report
The charity trustee5 a￿ Yespon51ble for preparlng a trustees, annual report and flnanclal statements in
aecordance witli applicable law and UnSled Klngdom Accountlng Standaid5 (United Kingdom Generally
Accepted Accountin8 Practitel-
The trustees are responsible for keeping proper accounting records that dlsclose with iea50nable accuraty at
any time the financlal posStlon of the charity and to enable them to ensure that the financial statements
comply with the Charities Act 2011, the applicable Ch3ritie5 IAccounts and Reports) Regulation5, and the
provisions of the Trust deed. The Trustees are also responslble forsafeBuardlng the assets of the charity and
hence taking reasonable Steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the chaiiws trustees
Trustee
31 December 2022
Pa8e S

CALVARY OF FREEDOM EVANGEUCAL MINISTRY
Statement of Financial A¢tlvltles
forthe year ended YI Decembèr 2023
Unrestrirted
funds Total funds Totsl funds
2023
2023
2022
Notss
Income and endowments
from:
Donations and legacie5
Other
53,799
22,182
53,799
22,182
51,593
Total
75,981
75.981
51,593
Expendlture on:
Charitable artivities
Other
19,019
62,818
56,463
56.463
Total
56,463
56,463
81,837
Net gains on investrrbents
Net Incomellexpendlture)
Transfers between funds
19,518
19,518
130,2441
Net In¢ome/{èxpendlturel
before other 8alns/110$5es1
19,518
19.518
130,2441
Other galns and losses
Net m¢¥•ment In funds
19.518
19,518
130,2441
Re¢on¢lllation of funds:
Total funds brought forward
124,0811
124.0811
6,163
Total funds carrled forward
14,5631
14,5631
124.0811
Page 6

Balance Sheet
at 31 December 2022
Charlty No. 1147544
2022
2021
Flxed assets
Taii8ible assets
5,226
5,226
8,964
8,964
Current a55ets
Debto
Cash at bank and In hand
io
120,IK121
8,763
111,2391
1871
111,3261
16,1001
117,9811
10,616
10,616
Credltors: Amount falling due within one year
Net current Iliabilitiesllassets
Total assets less current Ilabilltles
li
10,616
19,580
Credltors: Amounts falling due after more than one year
12
117,9811
Provislons for Ilabllitles
4,567
Net {Ilabllities)lassets excluding penslon asset or liability
Total net Iliabilitlesllassets
124,0811
6.166
124,0811
6,166
The fvnds ofthe ¢haritv
Restrl¢ted funds
Unrestilcted funds
General funds
13
13
124,0811
124,0811
6,163
6.163
Reserves
Total funds
124,0811
6,163
Approved by the trustees on 31 December 2022
Ar>d signed on their behalf by..
i w/AL
Trustee
31 December 2022
Page 7

CALVARY OF FREEDOM EVANGEUCAL MINISTRY
Notes to the Accounts
forthe year ended 31 December 2023
l Accountln8 pollcles
Basls of p￿paratIOn
The financial ststements havè been prepared in actordance with Ststement of Recommended Pratti¢e=
Accountin8 and Reporting by Charitie5 preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Repijblic if Ireland IFRS 1021 issued on 16 July 2014 and the
Flnancial Reporting Standard applicable in the Untted Kingdom and Republic of Ireland IFRS 1021 and the
Charities Att 2011.
Change In basls of a¢countln8 or to pr•vlous accouftts
There has been no change to the accountlng policies Ivaluation rules and method of accountingl sin
last year and no changes have been made to accounts for previou5 years.
Fund accountlng
Unrestricted funds
These are avallable for use 8t the dlscretion of the trustees in furtherance of the
general objects of the charity.
These are unre5tritted funds earrnarked by the trustees for particular purpose5.
These are unrestricted funds which include a revaluation reserve representing the
restatement of investment assets at their markèt values.
These are available for use subjert to rèstrictions imposed by the donor or through
terms of an appeal.
Designated funds
Revaluation funds
Restricted funds
In¢omÈ
Recognition of
income
Income is in¢luded In the Staternent of Financial Artivitles ISOFAI when the charlty
becomès entitled to, and virtually certain to rÈ¢eive. the income and the èmount of
the ificome can be measured with sufficient reliability.
Income with related Where income ha5 related expenditure the income and related expenditure is
expenditure
reported gross in the SOFA.
Donations and
le8acies
Voluntary income ￿ceiVed by way of grants, donations and gifts is included In the
the SOFA when receivable and only when the Charity has unconditional entitlement
to the income.
Tax reclaims on
Income from tax reclaim5 15 included in the SOFA at the same time a5 the
donations and gifts 8rft/donatlon to which it rolatos.
Donated services
These are only included in income Iwith an equlvalent amount in expenditurel
and facilities
where the benefit to the Charity is reasonably quantrfiable, measurable and
material.
Volunteer help
The value of any volunteer help received is not included In the accounts.
Investment income This is included in the accounts when receivable.
Gainslllosses) on
This include5 any gain or10s5 resulting from revaluing Investments to market value
revaluation of fixed at the end of the year.
a55éts
Gains/llossesl on
investment assets
Thls Includes any galn or loss on the sale of investments.
Page 8

CALVARY OF FREEDOM EVANGELICAL MINISTRY
Notes to the Acwunts
Expendi￿re
Recognition of
expenditure
Expenditure is recogni5ed on an a¢¢ruals basis. Expenditure includes any VAT which
camnot be fully recovered. and is ￿pOrted as part of the expenditure to which it
relates.
Expendlture on
These compd5e the costs associated with attracting voluntary income, fundraising
raisin8 ftsnds
trading costs and investment management costs.
Expendlture on
These comprise the costs incurred by the Charity in the delivery of its actlvitles and
charitsble activities setvices in the furtherance of its objetts, including the making of grants and
governancè costs.
All grant expendlture Is accounted for on an actual paid basis plus an accrual for
Brants that have been approved by the trustees at the end of the year but not yet
paid.
These in¢lude those costs associated with meetin8 the constitutional and statutory
requlrements of the Charity, including any auditfindependent examination fees,
costs linked to the strategic mana8ement of the Charity, together with a share of
other administration cost5.
These are support costs not allocated to a parb¢ular activity.
Grants payable
Governance costs
Other expenditure
Taxation
The charity is exempt from tax on its charltsble activities.
Freehold investment property
Investment properties are measured Inltlally at cost and subsequently at fair value at each balan￿ shèèt
date and are not depreclated. All gains or losses are taken to the Statement of Financial Activitie5 as they
arlse.
stocks
Stock is induded at the lower of cost or net Tealisable value. Donated items of Stock are recognised at fair
value which is the amount the charlty would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equfvalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other
short-term highly liquid investments with original maturitie5 of three months or less and bank overdrafts.
In the statement of financial position, bank overdrafts are Shown within borrowings or current liabilitie5.
In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integral part of the company's cash management.
Trade and other ¢redlto
Short term creditors are measured at the transartion price. Other creditors and provislons are recognised
where the charity has a present obliEation resulting from a past evènt that will probably result in the
transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provisions are normally recognised at their settlement amount after
allowing for any trade discounts due.
Page 9

CALVARY OF FREEDOM VIANGELICAL MINISTRY
Notes to the Accounts
Research and development
Expenditure on research and development is written off in the year In whlch It Is incurred.
Forelgn ¢urren¢le$
Monetary assets and liabilities denominated in currencies other than the functional ¢urreftcy of the
charity are translated at thè rates of exchange prevailing at the end of the reportlng period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of
exchange on the date that the transartion occurred.
All exchange diffefences are are taken into account in arriving at net income/expenditure.
leased assets
Where the charity enters Into a lease which entails tsking substsntially all the risks and rewards of
ownership of an asset, the lease is treated as a finance lease.
leases which do not transfer substsntially all the risk5 and rewards of ownership to charity are classified
as opèrating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the
inception of the lease or, if lower, at the present value of the minimum lease payments. The
corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to
achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are
recognised immediately, unless they are directly attributable to qualifying assets, in which case they are
capitalised in accordan￿ with the charity's policy on borrowing costs.
Assets held under finance leases are dep￿cIated in the same way as owned assets.
Operating lease payments are reco8nised as an expense on a strai8ht-line b3s4s over the lease term.
In the event that lease incentives are received to enter irjto operatlng leases. such incentives are
recognised as a liability. The aggregate beneflt of incentlves is recognised as a reduction of rental
expense on a straight-line basis.
Penslon costs
The charity operates a defined contribution plan for its employees. A deflned contribution plan is a
pension plan under which the charity pays fixed contributlons into a separate entity. Once the
contributions have been paid the charity ha5 no further payments obligations. The contributions are
recognised as expenses when they fall due. Amounts not paid are shown in accruals In the balance sheeL
The assets of the plan are held separately from the charity in Independently administered funds.
Recelpt of donated goods. facllltles and servlces
All donated goods. facilities and services received are recognised within incoming resour¢es and
expendlture at an estimate of the value to the charitv.
Page 10

CALVARY OF FREEDOM EVANGEUCAL MINisfRY
Notes to the A¢¢ounts
2 Statemènt of Flnanclal Actl¥ttles- prior year
Unrèstrlcted
fund5 Total funds
2022
2022
Income and endowments from:
Donations and legaties
Total
51,593
51,593
51,593
51.593
Ex￿ndIture on:
Charltable activities
19,019
62,818
19,019
62,818
Other
Total
81,837
81.837
Net Income
130,2441
130.2441
Net In¢ome before other
galnsjllossesl
Other gains and losses:
Net movement in fund5
130,2441
130.2441
130,2441
130,2441
Reconciliation of funds:
Total funds brought forward
Totsl funds carrked forward
6,163
124,0811
6,163
124,0811
3 Income from donatlons and le8acies
Unrestrlrted
Total
Total
2023
2022
Donations are also in form of
Thithes and Offerings
51,593
53,799
53.799
53.799
53,799
51,593
4 Other inrome
Unrestrl¢tèd
Total
Total
2023
2022
22,182
22,182
22,182
22,182
Page 11

CALVARY OF FREEDOM EVANGELICAL M5NISTRY
Notesto the Accounts
5 Expendlture on tharltable artlvltles
Totsl
Total
2023
2022
Experjditure on choritoble
artivities
Welfafism
19,019
Governunce costs
19,019
6 Other empendlture
Unr¢str5cted
Totsl
Total
2023
2022
475
475
938
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreci*ion.
impairment, profitlloss on
disposal of fixed assets
General administrative costs
13,245
16,034
9,446
13,245
16,034
9.446
19,194
7,794
25,411
3,736
3,736
3,737
12,627
900
12,627
4.879
86S
Legal and professional costs
56,463
56.463
62,818
7 Net Incomellexpendltur•l before transfers
2023
2022
This is stated after char8in8=
Depreciation of owned fixed assets
8 Staff costs
3,736
3,737
2023
12,650
595
13,245
2022
18,673
521
19,194
Salaries and wages
Social 5ecv¥ity costs
No employee received emoluments in excess of £60,000.
The average monthly number of full tlme equivalent employees during the year wa5 as follows:
2023
Number
2022
Number
Number of Employees
Page 12

CALVARY OF FREEDOM EVANGELICAL MINISTRY
Notes to the Accounts
9 Tan8lblé fIX￿ assets
Cost or revaluation
At l January 2023
At 31 December 2023
25.527
25,527
16,708
16,708
42,235
42.235
Dtpreclation and
Impa5rment
At l January 2023
Depreclation charge for the
vear
At 31 December 2023
22,534
14,475
37,009
2,992
744
3,736
25,526
15,219
40,745
Net book values
At 31 December 2023
At 31 December 2022
10 Debtors
1,489
2,233
1,490
5,226
2,993
2023
2022
Other debtors
120,0021
120,0021
11 Cr•dltors:
amounts falling due within one year
2023
2022
Trade creditors
Other creditor5
87
14711
14711
87
12 Credltors:
amounts falling due after more than one year
2023
2022
Trade creditor5
Other creditors
4.365
9,831
14,196
17.981
17,981
13 Movement In fvnds
Incomlng
resour¢es
At31
December
Uncludlng
other
At l January 8aln511055¢S
2023
Resource5
expended
2023
RestrScted funds:
Unrèstrlcted funds:
General funds
124,0811
75.981
156,4631
14,5631
Totsl funds
124.0811
75,981
156.4631
14,5631
Page 13

CALVARY OF FREEDOM EVANGEUCAL MINisfRY
Notes to the Accounts
14 Analysls of net assets between funds
Unrestrltted
lunds
Restricted
funds
Total
Fixed assets
1,490
8,143
1,490
8,143
Net current assets
Creditors due in more than one year and
provlslons
14,3651
19,8311
114,1961
5,268
19,8311
14,563
15 Reconclliation of net debt
At31
December
2023
At l January
2023
Cash flows
Cash and cash equlvalents
8,763
8,763
11,0911
11,0911
7,672
7,672
Net debt
8,763
11,0911
7.672
Page 14

CALVARY OF FREEDOM EVANGELICAL MINISTRY
Statement of Cash flows
forthe year ended 31 De¢ember 2023
2023
2022
Cash flows from operatin8 artivTrties
Net Incomellexpenditurel per Statement of Flnanclal Artivities
19,518
130.244
Adlustments for:
Depreciation of property. plant and equipment
Dividends, interest and rents from investments
Ilncreasel/Decrease in trade and other recelvables
IDecreasel/increase in trade and other payablÈs
3,736
122,1821
120.0021
14,3431
3,738
20,002
87
Net ¢ash used In operatlng actlvities
123,2731
11,8501
Cash flows from investin8 activltles
Dividend5, interest and rents from investments
22,182
Net cash trom Investing artlvitlès
22,182
Net cash from finan¢lng actlvltles
Net de¢rease In cash and Cash equivalènts
11,0911
11,8501
Cash and cash equlvalents at the beglnnlng of the year
8.763
10,616
Cash and cash equlvalents at the end of the year
7,672
8,766
Componènts of cash and cash equivalents
Cash and bank balances
7,672
8,763
7,672
8,763
Page IS

CALVARY OF FREEDOM EVANGELICAL MINISTRY
Dètslled Stat•m•nt of Flnan¢ial Artiwties
forthe year ended 31 December 2023
Unrestrlcted
funds Total funds Total funds
2023
2022
2023
Incom• and endowmerts from".
Oonation5 and le8acies
Donations are also in form of
Thithe5 and Offerings
53,799
53,799
51,593
53,799
53,799
51,593
Other
22,182
22,182
22.182
22.182
Total income and endowment5
75.981
75,981
51,593
Expenditurè on-
Charitable activities
Welfari5m
19,019
19,019
Total of expendlture on charitable
actlvlties
19,019
Other expendlture
475
475
938
938
475
475
Employee cost5
Salaries/wages
Employer's NIC
12.650
595
13,245
12,650
595
18,673
521
13,245
19,194
Motor and travel costs
Vehicles- Insurance and li￿nceS
Vehlcles- Repairs and
maintenance
Travel and sub515tence
2,780
2,780
2,148
428
428
245
12,826
16.034
12.826
16,034
5.401
7,794
Premises costs
Rent
Light, heat and power
7,270
2,176
9,446
7,270
2.176
9.L146
24.101
1,310
25,411
General administrative costs.
including depreciation and
amortisation
Depreciation tsf
Informatlon and publications
Software, IT support and related
costs
Statlonery and printlng
3,736
2,712
3,736
2.712
3,737
365
7,124
7,124
378
378
36
Page 16

CALVARY OF FREEDOM EVANGELICAL MINISTRY
Detalled Statement of Flnanclal Actlvltle5
Telephone. fax and broadband
2,413
16.363
2,413
16,363
4.478
8,616
Le831 and professional costs
Accountancy and bookkeeping
900
9tK)
865
900
865
Total of expendtturè of other costs
Totsl expendlture
Net galns on Investments
56,463
56,463
62,818
56.463
56,463
81,837
19,518
130,2441
Net Incom*llexpendlture)
19,518
Net Incomellexpendlturel before
other galnslllossesl
Other Gains
19.518
19,518
130,2441
Nèt movement in funds
19,518
19,518
130,2441
Rètonclllatlon of funds:
Total fLsnd5 brou@ht forward
124,0811
124.0811
6,163
Total funds carrfed forward
14,5631
14,5631
124,0811
Page 17