Companyre￿[oll number. 08721946 Ch&ity regstr*i¢)n Jwllther. 1155470 Calvary Church (Haverfordwest) (A Company limtted by 8WBntee) for the YtarFxthd 31 March 2025 Calvary Church (Haverfordiyest) kTAOWU as C21vary Church Contents R¢f¢zencc and Adtllinistsati￿ Detsi]s Trustees, R¢purt 2trJ4 Ind¢pendoLt EX￿]n&6 ReEQrt StatBment of Finallcial Activities Balance Sheet Notss to thts Finallcial Ststemeub 8t021 Calvary Church (HaverfordTrvest) knojvn as Calvary Ch￿rth 1155470 Comp2ny R4i%tixtion NTllDber Om1946 Meadow Ballk a8rbeston Road SA63 4SL 1st Floor WiuGh Lalle Haverfor¢lwest SAffl Pag¢ I Calvary Church (H&verfordwest) kDoiYn as Calvary Church TnL8tses' Report The tTustsw, who 3re direcfDTS for tho purp05¢5 of ¢ompany law, plesent the snnua] r¢port together Ivith tbe fnaTrGial statements and auditors, report oftbe cForitable company forth¢ year p￿ded 31. March 2025. ObJectiv¢5 alld Activities Objects And aittls Th¢ church fiuallG¢s ate h¢althy and the congrggation conti￿ to grow. Objeelw, Strategles ond Adivities We have experieDc¢d & very enwuraging year having surxessfi]lly sold our previous place of worship ond moved into OUT new churBh build IBst AugJsL new building is & much larger two 5toyey coinpl¢x wberc we can devBIop VaTiOU8 faGiliti¢s, ¢llab]ing us to reach out into the conunuDity far more than we did in our snTraller pr¢vious Gb)Jrch. Since moving intD our ￿ piemi6es, we hve seen new peopk atteading our services almost ¥very week and aa a r¢sult the Ghwch is expeTicncing eD*))UTagng growth. Our Youth Group remains enthusiastic iti their TrnfiOUS a¢tiviti¢s every week. We h*ve continued ow nitsisty v8riou8 rcsideoti81 &TLd llursiDg 1￿Me$ aCD)SS tbe county and visitsng siok, eld￿lY and lon¢ly people in their bom¢s and in hospital. Our fjnanciai position CODtinue8 to be a ¢]￿llenge but we have been able to meet every Theed month by monll4 and ren￿lD itL a healthy fi5Gal wsition. Public benefit TD Aavance the ChristiaD faith in Ackn witb the stalement in such w&ys 8Dd in sucb parts of thg United dom or th¢ world as the directors from titue to time may thiDk fit. To relieve 5ickntts and finallcial bardsbip aud to promote aDd preserve good kIc￿t￿ by the provision of couns¢lliDg aud support in such parts of the United Kingdom OT the world ￿ the directors from time to time think fit. To advanoa educ2tion in suth ways arLd in such parts" of the United Kingdom or the world a3 the dir¢¢tors f]Dm ttm¢ ts time may thi)k fiL The t￿st¢eS th&t they haye cornplied with the iequirem¢nts of s¢cttoll 17 of the Ch￿ltieS A¢t 2011 to bave duc Io8ard to the pub]ic benefit guidance published by fbe Charity Conjmission fox England and Wales. Page 2 Calvary ch￿ch (HaFerfordwe5t) knoivn 2s Calvary Church TrDSteesl Report MrB S HJgbes MrL R Stone MrHRFrnwi£ F E A Hugbes FAnanci31 i1￿￿￿ellts ObJeLtlves andpoRdes The c])azity's athTrtscs o(pose it to a number of fi￿2n¢la1 risks iacluthg cTrdit iisk cash flow risk and liquidity risL The of fjuauo81 d￿l￿atIVeS is governed by Ib¢ ¢knity's policies 4)prDved by the bo￿ of tnthe4 wbich provide written principles ou the we of firtsD¢ial derivatives to Jnauage tILese Iisks. The charity does not CrEdtiri5k The charl￿S crndit Iisk 15 wimarity attrJ7utable to its txade r¢Gcrvables. The 8foouDts ptcsented ill the balance ct are net of allowances for doubtfill receivables. alloM•nrx for ympairmejt is mth Whe￿ there is aa identi£¢d loss event Whic￿ based on previowg exyrien4 is ¢￿￿¢$ of a redu¢tian iu IbÈ rxoverabllity of the ¢a5h flows. The ¢hatity ]Jas sigrntficallt cor￿0￿ of G￿lIt risk wilh exposutt spread over a Irge number of dtvtslopments, the thiity usas arn1xti￿ of loJg.terni alld sbort.teun debt nDall¢e. Calvary Church (Haverfordwest) kDown as Calvary Church ststement ol trusttts, rtstM)nsibillties The tr7￿ceS (who arB a160 the directoTr of Calvary Chukth (Hav￿ordweSt) for th¢ pu￿Ose5 of company law) are xesponsible for prepariDg the tnkn, report attd the fjnan¢ia¥ 5(Htements in ￿0[dance ￿th applicable law . and United Kingdom Ac¢ounling Stsndards (United Kiugdom GpALeralty AcE¢pted A￿aunt￿g Practice), includingFRS I(Y2 VTh¢ Fmallcial Repotting Standard appli￿ble inthc UK alld Republic of ITr18nd'. CoDwy law iequires the tcuste¢s to prepare fjnAncial sratements for each financial vear. Undcr company law the trustees MI￿ not approve th¢ kniat Statern￿ts th¢y are Satisfied th8t they siv¢ & Ir￿ md fair vi Df the state of affairs of the ¢haritAbl¢ company and of the illcumillg iesources and application of resources, . ir(Giuding its iticome ￿ expenditur4 of the ch8ritsble comw fcff that PCTt(KL Tn preparillg these fmattcial statetueats, tbe trnstees are reojired to: selcrt suitabl¢ accouthing poJi¢ies and tppty them consistentty; observe thr mdhods and principles ill th¢ c￿ltieS SORI); make Judgements 8nd estimates that &Tg rwonable and pruden¢ whether applicable accountin8 StandariLs. comprising FRS 102 have been followe4 subject to any luatcriai depattures disclosed and explained in thc fitwicial siatem¢nty' arnd prep￿£ the thianci81 staknL¢nts oll the goiD8 concern basis unless At 18 itwpropriats to pre54uue that tbe horitsble ¢lkLUPW Continue in busilless. The trlStee8 ore respoll&l)le ts keepiog prq)cr ac£ounting re¢ords that call dis¢lose with re￿Onable accuraq it ony the fiDanciai POSAtion of the ¢baritabl¢ company and enable them to ensure tbat the fjnaucial stst¢ments comply with th¢ Con￿￿￿3¢5 Att 2006. fn¢y are also raspongibSe for safeguardiDO the ass¢ts of the cbaritsbl¢ cotllpaoy Hod heoce for tak1￿￿ re&qonable sw for the pr¢veution and detrction of fraud and otlLer irregulAriti¢s. The truste¢s 8re responsible for the MointeJ￿ce aDd iutegrity of thc ¢orpor8te and fjnan¢ial information included on the charitable compatys v4ebsit& Iwlation gov¢Trimg the prepar4tioo aod dw¢Mi￿Oll of financial stattmeuts lllay dithr ftom l¢giyLalion in othff jurthion Dlsc108ure of Inftsrmxth)n to apdltor Each trustee has taken st¢ps that tw Ought to bave as a tswtt£ in order to make th¢mselves aware of any relevattt wdit infortnation and ty establish that the cbaritys auditor is awate of that iaforniation. The twste25 eonfirln that thffle is no rnlevant ittfonll81ion that they know Df end of which they know th¢ auditor is utThare. The 8nnu8] reportwas approved by the tsIL£tees of the charity on 26 Swt¢Allk 2025 aad SI￿¢41 or( its bel￿lfby. Reverend A G Vaugb&n Page 4 Calvary Church (H2verfordwÉgt) Illdependtnt Examiner's Report to the trustees of Calyary Church (H2Yerfordw@rf) Cthe Company) 2025. ResponsibJits$ and basis of report As Ihe charity's trustees of the Corapally (ard also its dirn*xs for tbe pwposes of company law) yoll are respon￿1>1¢ for the prep2Trtion of th£ ac￿ll￿ts in accDTdÈnea with the reqijirnents of the Cowieg Act 2006 (%bc 2006 ACÈ.). Haviug satisfied myseE tb& the accouots of the Company are I￿t required to be audited UDd¢r Part 16 of the 2006 A¢t and are elL￿b]e ftsr independe￿ I report ill reypert of my ￿ZnI￿a￿Oll of yow ¢hatity's accounts as caryied out under section 145 of tEL¢ CForities Act 2011 2011 kny). Jn c¥uitLg ollt my ox4DJination I have fi)llowcd th¢ Dirtr*iw wen by tbe amity Conm]iswll ullder Section 145(5)(l) of the 2011 A¢L IJkdÈpendent exami￿5 s¢xtemurt l. accovllting rcGords were not kept in ttspe¢t of Calw ch￿ch (Have￿￿￿￿) as required by wtion 386 of thB 2006A¢ oi 2. the aLrounts do not accord th03C reco￿. or 3. the accouDts do not e(Jmpty with the accO￿ting Tequirneuts of sedion 396 of the 2006 Act olher dlan y reqairem¢nt that the aGGouts give a fttue and fair vievt wljich is not allkatter considered as part of a 4. the acwDuts have llot been pryed ill awdance wtih the metF£ods and win¢ipJ¢s of the Ststemellt of should be drap￿ in this ryort in order to eDable aproperulldthnth￿ oflhe ac(y)Utts to b¢ Teadle Mrs J Collins 1stFbor Agriculture House vrmch Lane PembJ)kesbire SA61 IRW Calvary Church (HaverfordTFest) kDOTfll as Calvary Church Statement of Financial Aetivities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains alld Losses) Totsl 2025 Tot81 2024 Unrestricted Reytritted Note Income and Elldoivments from: Donations 2nd legacies Cjwitsbk &ctivities InVestn￿lt income 133,186 11,084 83.771 216,957 11,084 163 181,836 874 411 163 Total Income 144,270 83.934 228.204 183,121 xpendlture on: Charitable activiti¢s (140,450 3.230 (143,680 119,932 Total Bxp¢lldtrure Net inwme 140,450 (143,6801 (119,932 3,820 80.704 84,524 63.189 Other recogDised Ejins and losses Gain￿108528 OD r¢valuatioll of fixed assets Other gaiDsllo&ses Net movetll¢Lt ill fimds (184,274) 27.777 27.777 31,597 80,704 112.301 (121,085) Re¢oAelliatlon of funds Totsl fiwdg brousbt forward TotAI thnds ¢3rried forvdrd 120.115) 1.572,194 1,451079 1.573,164 16 88,518 1.652,898 1.564.380 1452,079 All of the ohArity's activxtses derive fmm umtlnuing operation8 durmg tbe above two pttrlods. Th¢ fullds br¢akdovn for 2024 is sknrn iti note 16. The rLOt&8 on pages 8 to 21 fonll ￿ ]nts￿al part of theso f￿￿11] 8tatements. P4se 6 Calvary Church (Eaverfordwest) (Registhon number 08721946) B212Dee Sheet as at 31 March 2025 2024 T*le assets Current assets Debtcts Cath atbaDk and xnhaud li ¥31712 1265.649 12 13 I￿8 61299 632T7 39.474 (1.97 14 (1SJ3) 61.764 37504 ¥94,476 13LY3.153 Net gwts 1564380 ￿079 Fwtds of the charAtr. Restricted iucom¢ funds 1,651898 W1194 UDrestrithd Sncojue (8&518 120,11 Tofal fon(b ofthe Companies Ad 2006 relating to sDall comp acc¢xdancewAth s¢¢tion 476: and Calvary Church (Haverfordwest) kllowll as Calvary Church Notes to the Financial Ststemeuts for the Year Ended 31 March 2025 I Charity stotus The ¢ltsrity 15 lirnitsd by s1)aTe capitsl. in¢owJnted in Eugland alld Walts. The bddress of its registsred offic¢ is: Meadowysallk Clarbeston Road PeJ))brokesbire SA63 4SL Th? prillcipd place of busitiess ig: Calvary Church Withybush Road HAverfoTdwest Pembrok8sbire SA62 4BN These fjnAn¢lai statements authorysed for i5su¢ by ttr ttustees on 26 Sepfrmb￿ 2025. 2 Accountillg pol?cies Sllmmary of sl￿fiCant aCcO￿lting policles and key atcountlng e8timat¢$ The principal ac¢ouating poliGie5 appliEd the preparation of these fll)anciai 5tatoments are sBt out below. These policies h&ve been coN8iStendy applied to all tbe years preserÉte(L unIess oth¢TWiX ststed. Statemeut of compliallce The fjllanci￿ statemeTrts have been prepared ill ac￿￿anCe with Accovntiog aud Reporting by Charities: Statement of ReCon￿lended Practice (applicable to cbatities prep8ring their accoutLts in accordallce with the Financi81 R¢porting Standard opp]icable in the UK arjd Republic of Ireland (FRS I D2)) (issued in October 2019) - (ChaTtties SORP (FRS 102}). the Financial R¢porting Standard applicabl¢ in the UK aad ii¢public of b¢l8nd (FBS 102) &Dd the Companies Act 2006. Ba$]8 of prepantion Calvary Cburnh G4av¢rft)rdwrst) meets the definition of a public bcll¢frt entity under FIlltlLY ijth the financial year. as well as atthe end ofthe fm8ttcial yw. Pwii Calvary Church (Haverfordwest) kDown as Calvary Church Notes to the Financial Statements for the Year Ended 31 March 2025 InYegtment5 Policy The Trustees of CALVARY CHURCH (HAVERFORDWEST) tske the view. both corporately and individually. that tbe fuwicial objective of its inv￿ellts is to generate a sustsifjable ￿ to help de]iver the obje¢ts of the ¢knTity. The Tnut¢es have &gTeed that & sum of £30.500 from general reserv¢s (in accordance wilh 1he ReseNe3 Policy) Should be invested to pyovide such a reth￿. End that th¢ design8tsd sums Should b¢ illvested appropriately until required. InvdsTrn¢n¢ Objertrve Tbe Ove￿11 iTrvestsoeot objective is to produce best financial Tettmi with an a¢¢eptrbl¢ level of risk whilst rlliDimisiDg the risk Df oapitsl10sses. Illv¢sttnents are Benwally for the Ion8 term and Trustees will ensur¢ that th¢ir abibty to meet fi)bJr¢ planned exp¢nditure is tsot compromised by over-illvesttDenL Ri$k Th¢ Tn￿¢5 of CALVARY CHURCH (HAVEFSOIiDWEST) have considered the followiThs n8ks and rJTtigatiDris.' (th¢ following are examples) inflotiQll and fall in capital vatues, mittg&trd tbrough investnmt in appreciating a85èts or fLxed deposit accouats f￿1 irj value or failure of specific investment vebicles. mitigated by diversific81ioD of &qsets gnd inv¢slJneni PDrtfolios failure of irAv¢strient counterparties, miti8ated by reqNiritt8 a mintmum 'A' credit TatiDg for deposit-tsking institirtions 8nd a D￿lM￿￿ £200,000 cth d¢posit percoullt¢rpaty Liquidity CALVARY CHURCH (HAVERFORDWEST) will retain £10,000 ID easily reali8able asset$ Sufficient tr) rneet its sbort-t¢rni ¢xpendtture plans over 6 months. Erhical Policy In line witb its etbicai policy, CALVARY CHURCH 04AVERFOIIDWBST) will not iovest in: the tobacw illdusty anDameots g￿llbkn% pornogr&phy or any other industries tbat ar¢ not in line with bibli¢al beliefs Managentsnl, Reportin¥ andMoft£toring All Invest￿ent deci.qion.% Will bc tn&dc by tbe tnLStees collcrttv¢ly. £30,500 is to be held iu reSe￿e as a condition of the illDrtga8E that we have with Kingdom Bank LtLL Pag¢ 12 Calvary Church (Haverfordwest) knoivn as Calvary CILurch Notss to the Financial Statements for the Year Ended 31 March 2025 Forei￿ exch2Dg¢ Transactiolls in foreisD cutt¢n¢ies are recoTded at the th of exchange at the ddts of the tr￿SactiOn. MoDetsy assets aDd liabfjittes den0m￿ated yn foye1￿ cU￿CleS at th¢ ba13n¢e sbett date are Teported at the ratss Df The Tesults of overseas operdliolls are tt2nslaled at the avw rntes of exchange dwimg the P¢TTod and their balance sheets at the rates T￿Illg at tEte balance sheet da￿ Exchan82 diffe1Ell￿ 2TiSiDg on translation of the opening nèt assets and resuhs of oVe￿e&S opeTrtioL% are reported iti other comprsbenThe inGome and aL￿UM￿la￿d in equity (ttibuted to non-controlliug intertsgts as appropriats). Other exohange diffcmces are rewgnlsed ill the St2trn]ett of Fittancial AthAt￿ in the period iti which th arxse ex¢ept for. l) exeknge differen¢¢s Ontra￿tio￿ ent¢red to b¢dge ¢tttain fo￿1g￿ risks (s¢e above); comprebejsive iDCO￿ and 3) in the CAS¢ of the coJ)soIidatrd finalycial 5tatBmenty excbaD8e d1ffrn￿ on D]onetsry items receivable from or payable to a foreign operation for wbi¢b setdement is neither plaDned nor Ikely to o(rur (therefj)re forming part of the net investm¢nt in the foreign opciation), ￿l¢b recogtiised iD Other comprehell$i￿ iocome glld reported under eqllity. Fulld structnre UDrestricted inGome funds are general fun(L8 that 7re av&iJable for use 8t th$ tr￿￿tee$, dÉs¢retion in of tbe objertlves of the charity. Restricted illGome ftmds are those donated for ill a Patticubr are& or for specific purpose4 tbts use of wbiL* is restrithd to that area or pU￿Os& Fmancial &8sets atd fjnanciai liabijitses ate re¢o8trised the chauty becomes a paty to the coLtractsai provisxons oftbe iDstiur Financial liabi2rttes and equxty instrumeDts are ¢lassified sccor(Eng to the substAllce of the contractual aIrangemeDts entered into. An eqirity ly1￿uMent is any contrart tbat evidence5 & Te5idual i]fterest in fhe assets of the ¢baTity after deductin8 211 of its liabil￿¢5. Calvary Church (Haverfordwest) known as Cxlvary Church Notes to the Fknallckal Ststements for the Year Ended 31 March 2025 Recognitlon and pneasur£ment IUI fir￿l¢la1 assgts and liabilities are illrtialty me35Uted at transartion price (including transaction costs), except foT those financial ass¢ts Gjassified as at fair vaius through profit or loss. which are initiBlly rne&8ured at fair valu¢ (which is nonnally tbe transaction price excluding traus&ctiOD costs), unles5 the arrnngemont roThstiknte5 a finallcing trans&otion. If an auangement constitutes a fin￿LCing tranS￿tiOll, the financial asset OT fiuanci&l liability is measured ￿ the present value of the futur¢ paylllents diseoullted at & tttarket rAtB of mterest for a similar debt instrument. rlinancial assets and IiabilitiLS are only offset in the siatement of fiDanciai p05ition when, and only when there existg & legally e￿f0￿CablC rigbt to set off th& recogni5Ld amounts and the charity intend5 either to settle on nel basis. ot to rnli5e the a£s&t and settle th¢ liabitty simultaneousty. Financial assets are der¢cognised when and only whgj a) the Contracts￿ rtgbts to the tlows from the fman¢ial 8S5et Expire or oze settle(L b) the c]wity tIansf￿5 to anoth¥ paty substsutially all of th¢ risks and rew￿dS of OWTLe2Ehip of tbe financiaL asset. o¥ ¢) tb¢ ¢haTity. despite having retained sor￿, but Jot alL signlficant risks and rrw8rd5 of ownership. l)as traA8ferred control of the &£set to another party. Financial liabiliti¢s der¢o)8ois¢d on]y wlA¢ll the obligation specified in the collttact is di8chArge4 cancelled or expires. Page 14 Cakvary Church (Haverforthyest) Iuxown as CaIvary Chllrch Notes to the Finalleial Statements for the Year Ended 31 March 2025 3 Ineome from d￿natiOnS and legacies TotsI 2025 Totsl 2024 Dona1ioDS and legaGies," 27.125 81665 27.125 81665 Gift aid offeTiDgs fjs5ionary Fulld Gift Aid DorAations Building Fuod Donations BuildingFund pft aid donations Calvary church fiiends donations G7ft aid tax refand Boiiding FuDd aid t&r Calvary ch￿Ch frI￿ld$ aid x refimd CaEvary church frietmls gift aid t&Y r¢fuod 25.544 75.393 3.615 17.849 40.869 9204 3,615 17.849 40.869 9204 4260 17.710 20.037 9.680 21366 5.058 23331 10,647 10.647 1587 1587 1.788 65 65 83,771 216.957 181,836 4 Illton￿ from clwitxble 2cliv1t￿S Unrestiicted Tota Genernl Religious Actiwtseg 11,084 11,084 Totsl for 2025 11,084 11.084 Total for 2024 874 874 5 lavestroent ineome Totsl Income from rents 163 163 Totsl for202S 163 163 Total for 2024 411 411 Page 15 Catvary Church (Hayerfordwest) knoTrvn as Calvary Church Notes to the Fillallcial Statements for the Year Ended 31 March 2025 6 Expenditure Gn cb8ritable Activiti¢s Unrestricted Totsl 2025 Total 1024 General Restrfitttd R21igious Actrvittes Staff costs TravelliDg Withybush Chur¢h Water BuildKllg works JJsurnnce Bank ¢b8rges Manse Telephone Manse gas alld electric Church Telephone Church gas and electric ChLwcb gas and electiic ChiiTth Insuronce MaDse Inswance Chutcb maÉntenanc¢ ChuTch maintenaa Computer and sound system CoramuuioD Wille hfjgcellaneoug Church fjjnthiots and trips Advertising and St8tionRry Ja83T￿e5. books and tspes Loan intercst GOV>rn￿cc costs 4.425 52,116 4,425 52.116 9.158 50,945 2,509 1,021 2,629 601 109 439 658 822 822 737 314 474 314 474 184 15,496 5275 184 15,496 5.275 12,932 4.186 3,046 3.046 4,345 1.886 37 6,774 1,007 235 4.345 1,886 37 6.774 1,007 235 657 815 282 1,012 927 608 68 29218 L,158 45291 1,152 45291 1.152 140.450 3230 143.680 119,932 Unrestricted funds General I￿trIcted Total Nots Religious Adiyittes Staff costs Allocated support wsts GcTrvern&ll¢e costs 4,425 51116 81757 1.152 4.425 52.116 8S,987 1,152 3,230 Totsl ftsr 2025 140,450 3230 143.680 TDtzl for 2024 119,932 119,932 Page 16 Calvary Church (HaverfordTFest) knoFYll as C2Trvary ChuTrh Notes to the Financi21 Statements for the Year Lnded 31 M2rcb 2025 Total Tncludttd i]J the exPellth￿ analysed Above. there aff govunauce costs of £1,152 (2024 - £1,158) W￿¢b rdate directly t> ¢lwitsMe actiYL"ties. See I￿te 7 for firtber detail 7 Analysis of governance and mpport tosts Governanee eosts General fund Independent examiner fees 1.152 1.152 Totsl for 2025 1.152 1,152 Total for2024 1.158 1,158 Dwin8 tbe year the ¢h*tty made the followillg trnD5Wtions with trustees: Reverend A G Vaughall Revern￿ A G Vaughan received remuTheration of ￿6,6f￿1 (J? 24: £36.660) alld £378 (2024: 4509) of )en5e5 werc reimburs￿ to Revuend A G Vzughall dutillg the yesr. The amounts pid are vrdges for the year. Expen5¢5 r¢1mbU￿ed travelirjtyw expenses. No IDJStoes have receiv￿ my other b¢ncfits from the Gknity (*ritig tbe yeaT. Page 17 Cahrary Church (Haverfordwest) knoiyn &g Cahrary Chureh Not&s to the Fillancial Ststemellts for tbe Year Ended 31 March 2025 9 Staff ¢Trsts The ￿gregate ￿Yroll costs wer¢ &% follow8: 2025 2024 Stsff costs during the year were: Wage5 salaries 51,944 No employee reGeiv¢d Emohttnents of mcre than £60.000 dwing th¢ year. ID Taxation Th¢ cbarity is a regi5tera ch￿lty and is therefore exempt frorll t￿110￿. 11 Tangible fixed as$ets L*Dd and bulldthgs TotAI Cost At l April 2024 Additsons Disposals At 31 Mar¢h 2025 2,265.649 137,063 2,265,649 137,063 2,332,712 2,332,712 Depreei&tion At 31 March 2025 book value At 31 MarGh 2025 2,332.712 2,332.712 At 31 March 2024 2 265 649 2,265,649 Fage 18 CalFary Church (H2verfordw&st) known as Calvary Church Notes to the Fillaucial Statements for the Year Ended 31 March 2025 Revaluation The fair value of the ¢watty's Calw (Jjurch (Trafalgar Wds revaTlltd on 17 July 2023 by Paul Lu Bsc (IIons) Est Man. Dip HISBJCS of RK Luw & Soo an independ¢*t valuer. This valuation was detenlli￿d a8 tbe propety its¢Jf had detsrior4 28 little monry had been spellt on the building. due to the f2Ct that the church would soon be Movi￿ Plannillg permission PJ2s beerj grgllted for 8 affordable I￿es, but as a conditiofy th¢ COLmciJ require a section 106 v¥hich Lueans tbat the value of 2 of the houses will have to be p2id to the council for social holl91￿ Thxs has mtant thrt it is no longer an attractive proposition fora developer. especialty because of the huge K[Lc￿8se iu building costs siuce Covx Had this class of asset been measuTed on a bistorical cost basls, their carr5?￿ts amount y￿Uld have been £254273 (2024- £254273). 12 Debtors 2tr25 2024 Oth¢r debtor5 IS78 Page 19 Calvary Churclk (Haverfordwest) known as Calvary Church Notes to the Financial Ststenients for the Year Ended 31 March 2025 13 Casb and cash equivalents 2025 2024 Cash on band Cash at bank 25 61274 25 37.556 61,299 37,581 14 Creditors: f2]ting due withill one y¢ar 2D25 2024 Other creditors Accruals 523 990 638 1,332 1.5J3 1,970 IS Creditors: amounts f￿1)llg due After one year 2025 2024 Otber loaDS 830,096 851.074 16 Funds oth Balance at 31 March 2025 Balante at I April 2024 Incoming resource5 Resources pended recoEnised ggiDglOogses) Unrestrlcted fiwds General (120.115) 1.572.194 144.270 (140,450) 27,777 (88.518) Restricted fwmls 1,652,898 T(btal funds 1.452.079 228204 (143.680) 27.777 1.564,380 Other rttognised gAin&lO055es) Balance #t 31 Mareh 2024 BalAllce at I Apiil 2023 IncomSllg resources Resources expended Ullrestricted fun(14 General 59,914 124.177 (119,932) (184.274) (120,115) 1.572.194 Restricted fwLd8 1.51J250 5S.944 Total fuuds 1.57J.164 183.121 (119,932) (184.274) 1,452.079 Pase 20 Cahary Church (Haverfordwest) Notes to the Thian¢ial Ststements for the Year Ended 31 March 2025 17 Related partytransactions Dwing the ytsr the charity rnode the folk)Tvi￿￿r related patylnnsactions: QCI Calvary Cburcb Contr2ctingLimited At the baIallce sheet date the amourrt due to Qa ￿Vary Church Contiacting LimTted was £23,189 (2024 . £30.603). Page21