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



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

## BALANCE SHEET 

||BALANCESHEET|BALANCESHEET|BALANCESHEET|BALANCESHEET|
|---|---|---|---|---|
||AT31STAUGUST2020||||
||2020<br>2019||||
|Note|£<br>£<br>£<br>£||||
|FIXEDASSETS|||||
|Tangible Assets<br>7|408<br>-||||
||||||
|CURRENTASSETS|||||
|Debtors<br>8|9,573||5,291||
|Cash at bank and in hand|67,898||45,167||
||||||
|TOTALCURRENTASSETS||77,471||50,458|
|CURRENTLIABILITIES|||||
|Creditors<br>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<br>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<br>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<br>Balances<br>Brought<br>Forward|<br> <br> <br>Income|Expenditure|Net Transfers|Fund<br>Balances<br>Carried<br>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