2020-08-31-accounts

Calvary Chapel Exeter Annual Report & Accounts Year Ended 31 st August 2020 CALVARY CALVARY

Calvary Chapel Exeter

Trustees: Andrew Ley (Chair) Jason Thorpe Edward Major Kenneth Pope Pastors: Andrew Ley Kenneth Pope Governing Document: CIO - Foundation Registered 23rd Apr 2014 Amended on 15/12/2015 Registered Charity Number: 1156774 Charity Principal Address: The Old Gospel Hall Edgerton Park Road Exeter EX4 6DD Accounts Prepared By: Oliver Bliss

CALVARY CHAPEL EXETER Annual Report - Year Ended 31st August 2020

Contents

Objectives and Achievements	3
Statement of Financial Activities	7
Balance Sheet	8
Notes to the Financial Statements	9
1. Accounting Policies	9
2. Analysis of Incoming Resources	11
3. Analysis of Resources Expended	12
4. Details of Certain Items of Expenditure	13
5. Staf Costs	14
6. Grant Making	14
7. Fixed Assets	15
8. Debtors and Prepayments	16
9. Creditors and Accruals	16
10. Movement in Funds	17

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CALVARY CHAPEL EXETER Annual Report - Year Ended 31st August 2020

Objectives and Achievements

Objects of the Charity

The Charity’s Objects (the Objects) are the advancement of Christianity for the benefit of the public in accordance with the following:

• a) To worship God the Father, Son and Holy Spirit;

• b) To build up the Church of Jesus Christ, in particular through the teaching and preaching of the Word of God (The Bible);

• c) To proclaim that men and women should repent and believe in Jesus Christ as Saviour and Lord;

As we have opportunity, to do good to all, especially to those who are of the household of faith (Galatians 6:10).

2020: Objectives and Achievements

Achievements and Performance

Calvary Exeter:

• The pastor and other teachers taught expositionally through the book of John on Tuesday nights.

• The pastor and other teachers taught expositionally through the books of Luke and Acts on Sunday mornings.

• The fellowship held “Solomon's Porch” gatherings to encourage local University students with life issues.

• The fellowship held weekly prayer gatherings on Thursday nights for spiritual encouragement and direction.

• The fellowship held monthly meal gatherings at the fellowship to foster openness and sharing among the fellowship.

• The fellowship held get togethers for men to encourage fellowship together.

• The fellowship held get togethers for women to encourage fellowship together.

• The pastor conducted various discipleship meetings throughout the year.

• The pastor conducted various counselling meetings throughout the year.

• The fellowship held prayer gatherings with other Christian pastors across the UK.

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CALVARY CHAPEL EXETER Annual Report - Year Ended 31st August 2020

• The fellowship building was used by the local community for events.

• The fellowship made monthly donations to a Universities and Colleges Christian Fellowship (UCCF) support worker at Exeter university.

• The pastor served as a volunteer with Creation Fest.

• The pastor continued to hold a sponsorship licence to employ workers from outside the UK and continued to sponsor a Calvary Chapel pastor to run the outreach in Plymouth.

• The fellowship made monthly donations to Creation Fest.

• Funds were spent on the upkeep of the fellowship building.

• Due to the coronavirus outbreak, the fellowship Bible studies, prayer meetings and Sunday services were conducted online from March 2020 onwards as well as in person when able to do so.

• The coronavirus outbreak has curtailed many of the normal fellowship activities but it has presented an opportunity for the fellowship to expand its online ministry.

• The fellowship safeguarding policy has been reviewed and a new section added to address the potential threats posed by online and social media communications.

Calvary Plymouth:

• The pastor and other teachers taught expositionally through the books of Philippians, Colossians and 1 & 2 Thessalonians on Sunday mornings.

• The pastor and other teachers taught expositionally through the books of Nehemiah, Judges, Ruth and 1 Samuel on Wednesday evenings.

• A women’s Bible study was conducted on Tuesday nights, studying women of the Bible and the fruit of the Spirit.

• The fellowship held monthly bring and share and communion on the first Sunday of each month.

• The pastor conducted multiple counselling sessions with various individuals.

• The fellowship started a daily Bible reading schedule to help people read through the Bible in one year.

• The fellowship website was updated.

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CALVARY CHAPEL EXETER Annual Report - Year Ended 31st August 2020

• The fellowship held two online trivia nights.

• The fellowship made a donation to Calvary Global Network to help missionaries in need during coronavirus outbreak.

• The fellowship made monthly donations to Poimen Ministries and to Creation Fest.

• Due to the coronavirus outbreak, the fellowship meetings were conducted online from

March 2020 onwards.

Grant Making Policy

Gifts to external organisations and individuals are considered by the Trustees on the basis of need and fulfilment of the charitable activities. There are no upper or lower limits of support.

2020: Reserves Policy

Keeping in line with the Charity’s future plans it has a policy to hold sufficient reserves to be able to respond in a timely manner to any opportunity presented that would allow the Charity to achieve those plans. Current reserves are minimal for meeting such possible opportunities.

Safeguarding Policy

The charity takes seriously its responsibility to protect and safeguard the welfare of children, young people and adults with care and support needs who are entrusted to its care and has affirmed this in a written safeguarding policy. The policy endorses and follows all national and local safeguarding legislation and procedures and is regularly reviewed. This year a section has been added to address the potential threats posed by online and social media communications.

Financial Review

The Charity’s primary source of funds is from free-will offerings received from those regularly attending the Sunday services as well as various other supporters to the objectives of the Charity.

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CALVARY CHAPEL EXETER Annual Report - Year Ended 31st August 2020

Declaration

The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees:

Andrew Ley (Chair) Date 25/02/2021

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CALVARY CHAPEL EXETER Annual Report - Year Ended 31st August 2020

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31ST AUGUST 2020

INCOME AND EXPENDITURE ACCOUNT

	Unrestricted Fund 2020 Restricted Funds 2020 Total Funds 2020 Total Funds 2019
Note	£ £ £ £
INCOME
Voluntary Income 2	72,078 - 72,078 51,894
Investment Income 2	44 - 44 41
Charitable Activities 2	- - - 1,672
TOTALINCOME	72,122 - 72,122 53,607
EXPENDITURE
Charitable Activities 3,4,5,6	43,829 - 43,829 52,998
Governance Costs 4	578 - 578 708
TOTALEXPENDITURE	44,407 - 44,407 53,706
NETINCOME(EXPENDITURE)	27,715 - 27,715 (99)
NETMOVEMENT INFUNDS	27,715 - 27,715 (99)
RECONCILIATION OFFUNDS
Total Funds Brought Forward	49,889 - 49,889 49,988
Total Funds Carried Forward	77,604 - 77,604 49,889

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CALVARY CHAPEL EXETER Annual Report - Year Ended 31st August 2020

BALANCE SHEET

	BALANCESHEET	BALANCESHEET	BALANCESHEET	BALANCESHEET
	AT31STAUGUST2020
	2020 2019
Note	£ £ £ £
FIXEDASSETS
Tangible Assets 7	408 -
CURRENTASSETS
Debtors 8	9,573		5,291
Cash at bank and in hand	67,898		45,167
TOTALCURRENTASSETS		77,471		50,458
CURRENTLIABILITIES
Creditors 9		(275)		(569)
NETCURRENTASSETS		77,196		49,889
NETASSETS		77,604		49,889
FUNDS OF THECHARITY
General Fund		77,604		49,889
TOTALFUNDS		77,604		49,889

These financial statements were approved by the board of trustees and signed on their behalf, on 25/02/2021

Signed on behalf of the charity’s trustees: Andrew Ley (Chair)

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CALVARY CHAPEL EXETER Annual Report - Year Ended 31st August 2020

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2020

1. ACCOUNTING POLICIES

General Information

Calvary Chapel Exeter is a Charitable Charitable Incorporated Organisation (CIO) registered in England and Wales. The registered charity number and address of the charity is given in the charity information on page 1.

Statement of Compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), Companies Act 2006 and Charities Act 2011.

Calvary Chapel Exeter is a Public Benefit Entity as defined by FRS 102.

Going Concern

The charity has a number of regular donors, giving the trustees reasonable confidence that sufficient funding will be secured beyond the current year. The trustees have assessed the level of funds held, in addition to the cash flow needs of the charity, concluding with confidence that it will be able to continue in its operation.

Fund Accounting Policies

The General Fund is not subject to any restrictions regarding its particular use and is available for applicable of general purposes of the charity.

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CALVARY CHAPEL EXETER Annual Report - Year Ended 31st August 2020

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED

Incoming Resources

All incoming resources are included in the Statement of Financial Activities (SoFA) when; the charity is legally entitled to the resources; the trustees are virtually certain they will receive the resources; and the monetary value can be measured with sufficient reliability.

Donations are only included in the SoFA when the charity has unconditional entitlement to the resources.

Where incoming resources have related expenditure, the incoming resources and related expenditure are reported gross in the SoFA.

Incoming resources from Gift Aid tax reclaims are included in the SoFA at the same time as the gift to which they relate.

The value of voluntary help received is not included in the accounts but is described in the trustee’s annual report.

Investment income is included in the accounts when receivable.

Expenditure and Liabilities

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. It is probable that the paying out of resources will be required in settlement and the amount of the obligation can be measured reliability.

The charity makes grants to individuals and other institutions to further its charitable objectives.

Governance costs of the charity are accurately recorded. These costs include those associated with preparation and examination of accounts, trustee meetings, trustee legal advice and expenditure incurred on the strategic management of the charity.

Fixed Assets

Tangible fixed assets which cost £500 or more and used for more than one year are capitalised. They are valued at cost price or a reasonable value on receipt.

Depreciation is calculated on tangible fixed assets using the Straight Line Method, at 25% of the cost per year.

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CALVARY CHAPEL EXETER Annual Report - Year Ended 31st August 2020

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED

2. ANALYSIS OF INCOMING RESOURCES

			2020		2019
		Note	£		£
VOLUNTARYINCOME
	Tithes and Offerings		47,515		31,910
	Missionary Support		15,063		14,688
	Taxes from Gift Aid		9,500		5,296
			72,078		51,894
CHARITABLEACTIVITIES
	Conferences and Retreats		-		1,498
	Miscellaneous Income		-		134
	School of Ministry		-		40
			-		1,672
INVESTMENTINCOME
	Interest		44		41
TOTAL			72,122		53,607

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CALVARY CHAPEL EXETER Annual Report - Year Ended 31st August 2020

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED

3. ANALYSIS OF RESOURCES EXPENDED

				2020		2019
			Note	£		£
CHARITABLE ACTIVITIES
	MISSION ANDMINISTRY
		Church Hospitalityand Supplies		802		537
		Discipleshipand Outreach		181		387
		Grants Payable	6	3,960		6,500
		Travel		-		443
		Conferences		-		2,561
		IT,Media and Music		707		876
		Ministerial Staff Salary	5	24,911		27,000
		Honoraria		975		2,315
		Miscellaneous MinistryExpenxditure		-		341
				31,536		40,960
	MISSION ANDMINISTRY- PLYMOUTHOUTREACH
		Minister Relocation Cost		5,214		-
		Church Hospitalityand Supplies		462		400
		Discipleshipand Outreach		471		-
		IT,Media and Music		385		-
		Conferences		154		-
		Travel		23		-
				6,709		400
	PROPERTY,MANAGEMENT ANDADMINISTRATION
		Building- Rent and Utilities		943		1,011
		Building- Repairs and Upkeep		399		6,218
		Plymouth BuildingRent		2,317		2,136
		Office Expenses		288		3
		Minor Equipment		416		199
		Office Expenses		1,015		986
		Equipment Depreciation	7	94		110
		Miscellaneous Administration Expenditure		112		975
				5,584		11,638
GOVERNANCE COSTS
		Bookkeepingand Accounting		448		578
		Independent Examination		130		130
				578		708
TOTAL				44,407		53,706

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CALVARY CHAPEL EXETER Annual Report - Year Ended 31st August 2020

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED

4. DETAILS OF CERTAIN ITEMS OF EXPENDITURE

Trustee Expenses

No trustee was paid for their service as a trustee. The nature of expenses incurred were for: ministry and administrative causes, exclusively and necessary for fulfilling the charity objects

	2020		2019
	£		£
Edward Major	450		-
Kenneth Pope	90		-
Andrew Ley	-		149
Jason Thorpe	-		300
	540		449

Fees for Examination of Accounts

	2020		2019
	£		£
Independent Examiner’s Fees	130		130

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CALVARY CHAPEL EXETER Annual Report - Year Ended 31st August 2020

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED

5. STAFF COSTS

NOTES TO THEFINANCIA 5. STAFFCOSTS	LSTATEMENTS- CON	TINU	ED
	2020		2019
	£		£
Ministerial Staff Salary	24,911		27,000
Employer’s National Insurance Costs	-		-
	24,911		27,000

In their capacities as Pastors, A. Ley was renumerated £3,600 with no personal expenses and K. Pope was renumerated £16,927.42 with £90 in personal expenses. These salary payments are in relation to their ministerial roles, and not their trustee roles. The charity has 2 full-time equivalent employee (There was 1 full-time equivalent employee in 2019).

Calvary Chapel Exeter is not an employer for the purposes of automatic enrolment at this time as confirmed with the Pensions Regulator. Under the Pensions Act 2008, automatic enrolment duties no longer apply. If circumstance change in the future Calvary Chapel Exeter will inform the Pensions Regulator.

6. GRANT MAKING

		2020		2019
		£		£
GRANTSMADE TOINSTITUTIONS
	Creation Fest	2,400		2,400
	The Well, Benjamin Paul Foundation	-		550
	Tearfund	-		200
	UCCF	1,200		500
		3,600		3,650
GRANTSMADE TOINDIVIDUALS
	MissionarySupport	60		2,850
	Benevolence and Hrdship	300		-
		360		2,850
TOTAL		3,960		6,500

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CALVARY CHAPEL EXETER Annual Report - Year Ended 31st August 2020

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED

7. FIXED ASSETS

7. FIXEDASSETS
	Ministry Equipment		Administration Equipment
	£		£
Cost at 1st September 2019	-		586
Additions	-		502
Disposals	-		-
Cost at 31st August 2020	-		1,088
Depreciation at 1st September 2019	-		586
Eliminated on Disposal	-		-
Depreciation for the Year	-		94
Depreciation at 31st August 2020	-		680
NETBOOKVALUE
Brought Forward	-		-
Carried Forward	-		408

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CALVARY CHAPEL EXETER Annual Report - Year Ended 31st August 2020

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED

8. DEBTORS AND PREPAYMENTS

8. DEBTORS ANDPREPAYMENTS
	2020		2019
	£		£
Gift Aid Recoverable	9,500		5,281
Prepayments and Accrued Income	73		10
	9,573		5,291

9. CREDITORS AND ACCRUALS

9. CREDITORS ANDACCRUALS
	2020		2019
	£		£
Accruals	5		87
Accounting	140		152
Independent Examination	130		130
HMRC	-		200
	275		569

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CALVARY CHAPEL EXETER Annual Report - Year Ended 31st August 2020

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED

10. MOVEMENT IN FUNDS

10. MOVEMENT INFU	NDS
	Fund Balances Brought Forward	Income	Expenditure	Net Transfers	Fund Balances Carried Forward
	£	£	£	£	£
UNRESTRICTEDFUNDS
Exeter General Fund	14,656	66,010	(35,204)	(40,462)	5,000
Plymouth General Fund	14,427	6,113	(9,203)	-	11,337
Building Fund	20,805	-	-	40,462	61,267
	49,889	72,122	(44,407)	-	77,604

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Give here brief details of any items that the examlner wlshes to dlsclose. Nothing to disclose IER October 2018