2021-08-31-accounts

CALVARY EXETER Annual Report - Year Ended 31st August 2021

Calvary Exeter

Trustees: Andrew Ley (Chair) Jason Thorpe Edward Major Kenneth Pope Pastors: Andrew Ley Kenneth Pope Governing Document: CIO - Foundation Constitution Registered 23rd Apr 2014 Amended on 29th Jan 2022 Registered Charity Number: 1156774 Charity Principal Address: The Old Gospel Hall Edgerton Park Road Exeter EX4 6DD Accounts Prepared By: Bliss Accounts

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CALVARY EXETER Annual Report - Year Ended 31st August 2021

Contents

Contents
Objectives and Achievements	3
Objects of the Charity	3
Fiscal 2021: Objectives and Achievements	3
Financial Review	4
Declaration	6
Statement of Financial Activities	7
Balance Sheet	8
Statement of Cash Flows	9
Notes to the Financial Statements	10
1. Accounting Policies	10
2. Analysis of Incoming Resources	12
3. Analysis of Resources Expended	13
4. Details of Certain Items of Expenditure	14
5. Staf Costs	15
6. Grant Making	16
7. Fixed Assets	17
8. Debtors and Prepayments	18
9. Creditors and Accruals	18
10. Movement in Funds	19

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CALVARY EXETER Annual Report - Year Ended 31st August 2021

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).

Fiscal 2021: Objectives and Achievements

Calvary Exeter:

• The pastor and other teachers taught expositionally through the three letters of John, Jude, and Genesis on Tuesday nights.

• The pastor and other teachers taught expositionally through the books of Acts, Colossians, 1 & 2 Timothy, Titus and Exodus on Sunday mornings.

• The fellowship held "Solomon's Porch" gatherings to evangelise, teach and encourage local university students.

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

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

• The pastor conducted various discipleship meetings with individuals throughout the year.

• The pastor conducted various counselling meetings throughout the year.

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

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

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

• The pastor and some of the fellowship served as volunteers 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 various donations to Creation Fest.

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CALVARY EXETER Annual Report - Year Ended 31st August 2021

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

• The coronavirus outbreak has curtailed some 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 updated.

Calvary Plymouth:

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

• The pastor and other teachers taught expositionally through the books of 1 & 2 Samuel on Wednesday evenings.

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

• A men’s Bible Study-Leadership 6-week study was conducted through 1 & 2 Timothy & Titus.

• An daily Bible Reading study on Friday mornings on Zoom.

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

• The pastor conducted 4 weeks of Marriage 101 classes.

• The pastor conducted multiple counselling sessions with various individuals.

• Various teams were appointed to serve in Worship, Hospitality, Welcoming, Tech and Kids Ministry

• Friday Morning Prayer meetings were held via Zoom.

• Fellowship Bring and Share and Communion were held on the first Sunday of each month.

• Monthly financial donations were made to a Creation Fest worker.

Financial Review

Financial Position

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

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

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CALVARY EXETER Annual Report - Year Ended 31st August 2021

opportunities. There must be, at minimum, the equivalent of 3 months worth of average expenditure held in unrestricted funds and available as a liquid asset held at all times. If the reserves fall below this figure, an extraordinary trustee meeting will be called.

Spending and Reimbursement Policy

All money spent from an individual’s personal bank account, with the intention of being reimbursed by the church, must either be by a trustee, or under the direction of/agreed by a trustee. If a trustee is planning to spend over £1,000 for the charity, this must also be approved by at least one other trustee.

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.

Principal Sources of Funding

The charity’s principal source of funds is from voluntary donations received from those regularly attending the Sunday services as well as various other supporters of the objectives of the charity.

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.

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CALVARY EXETER Annual Report - Year Ended 31st August 2021

Declaration

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

Andrew Ley (Chair)

Date: 29th January 2022

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CALVARY EXETER Annual Report - Year Ended 31st August 2021

Statement of Financial Activities

For the Year Ended 31st August 2021

Income and Expenditure Account

	Unrestricted Fund 2021 Restricted Funds 2021 Total Funds 2021 Total Funds 2020
Note	£ £ £ £
Income
Voluntary Income 2	58,698 - 58,698 72,078
Charitable Activities 2	101 - 101 -
Investment Income 2	27 - 27 44
Total Income	58,826 - 58,826 72,122
Expenditure
Charitable Activities 3,4,5,6	76,998 - 76,998 43,829
Governance Costs 4	512 - 512 578
Total Expenditure	77,510 - 77,510 44,407
Net Income (Expenditure)	(18,684) - (18,684) 27,715
Net Movement in Funds	(18,684) - (18,684) 27,715
Reconciliation of Funds
Total Funds Brought Forward	77,604 - 77,604 49,889
Total Funds Carried Forward	58,920 - 58,920 77,604

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CALVARY EXETER Annual Report - Year Ended 31st August 2021

Balance Sheet

	At 31st August 2021	At 31st August 2021	At 31st August 2021	At 31st August 2021
	2021 2020
Note	£ £ £ £
Fixed Assets
Tangible Assets 7	772 408
Current Assets
Debtors and Prepayments 8	6,563		9,573
Cash in Bank and in hand	52,927		67,898
Total Current Assets		59,490		77,471
Current Liabilities
Creditors and Accruals 9		(1,342)		(275)
Net Current Assets		58,148		77,196
Net Assets		58,920		77,604
Funds of the Charity
Exeter General Fund		5,000		5,000
Plymouth General Fund		11,625		11,337
Building Fund		42,295		61,267
Total Funds		58,920		77,604

These financial statements were approved by the board of trustees and signed on their behalf, on 29th January 2022

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

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CALVARY EXETER Annual Report - Year Ended 31st August 2021

Statement of Cash Flows

For the Year Ended 31st August 2021

			2021		2020
			£		£
Operating Activities
	Net Infow from Operating Activities (see Note 1)		(14,498)		23,192
Investment Activities
	Interest on cash deposits		27		41
Capital Expenditure
	Fixed Asset Additions		(500)		(502)
Net cash infow/(outfow)for theyear			(14,971)		22,731
Cash and Cash Equivalents at 1st Sept 2020			67,898		45,167
Cash and Cash Equivalents at 31st August 2021			52,927		67,898
Note 1. Reconciliation of net Income/(Expenditure)			2021		2020
(asper Statement of fnancial Activities)			£		£
Net Income/(Expenditure)			(18,684)		27,715
Adjustments For:
	Depreciation Charges		136		94
	Interest on investments		(27)		(41)
	(Increase)/decrease in debtors		3,010		(4,282)
	Increase/(decrease)in liabilities		1,067		(294)
			(14,498)		23,192

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CALVARY EXETER Annual Report - Year Ended 31st August 2021

Notes to the Financial Statements

For the Year Ended 31st August 2021

1. Accounting Policies

General Information

Calvary Chapel Exeter is a 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) and The 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 Funds are not subject to any restrictions regarding their particular use and are available for applicable general purposes of the charity.

The Building Fund is a designated unrestricted fund. No fundraising has taken place for this fund, it is solely resources “earmarked” for a Building usage.

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.

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CALVARY EXETER Annual Report - Year Ended 31st August 2021

Notes to the Financial Statements - Continued

• 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 EXETER Annual Report - Year Ended 31st August 2021

Notes to the Financial Statements - Continued

2. Analysis of Incoming Resources

			2021		2020
		Note	£		£
Voluntary Income
	Freewill Oferings		34,801		47,515
	Missionary Support		16,322		15,063
	Gift Aid		6,275		9,500
	Grants		1,300		-
			58,698		72,078
Charitable Activities
	Plymouth Discipleship and Outreach		101		-
Investment Income
	Interest		27		44
Total			58,826		72,122

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CALVARY EXETER Annual Report - Year Ended 31st August 2021

Notes to the Financial Statements - Continued

3. Analysis of Resources Expended

				2021		2020
			Note	£		£
CHARITABLE ACTIVITIES
	Mission and Ministry - Exeter
		Church Hospitalityand Supplies		423		802
		Discipleship and Outreach		679		181
		Grants Payable	6	23,600		3,960
		Travel		100		-
		IT,Media and Music		575		707
		Ministerial StafSalary	5	28,440		24,911
		Honoraria		100		975
				53,917		31,536
	Mission and Ministry- Plymouth
		StafSalary Support		4,678		-
		Minister RelocationCost		-		5,214
		Church Hospitalityand Supplies		743		462
		Discipleshipand Outreach		350		471
		Grants Payable	6	1,868		-
		IT, Media and Music		2,580		385
		Honoraria		200		-
		Conferences		151		154
		Travel		305		23
				10,875		6,709
	Property, Management and Administration
		Exeter - BuildingRent and Utilities		1,543		943
		Plymouth - BuildingRent		4,000		2,317
		Exeter - BuildingRepairs and Upkeep		5,289		399
		Plymouth - BuildingRepairs and Upkeep		319		-
		Exeter - Insurance		660		738
		Plymouth - Insurance		259		277
		Ofce Expenses		-		288
		Minor Equipment		-		416
		Exeter - Equipment Depreciation	7	126		94
		Plymouth - Equipment Depreciation	7	10		-
		Other Administrative Expenditure		-		112
				12,206		5,584
GOVERNANCE COSTS
		Bookkeepingand Accounting		377		448
		Independent Examination		135		130
				512		578
Total				77,510		44,407

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CALVARY EXETER Annual Report - Year Ended 31st August 2021

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

2 Trustees were paid expenses in the financial year ended 31st August 2021 2 Trustees were paid expenses in the financial year ended 31st August 2020

	2021		2020
	£		£
Kenneth Pope	456		90
Edward Major	100		450
	556		540

Fees for Examination of Accounts

	2021		2020
	£		£
Independent Examiner’s Fees	135		130

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CALVARY EXETER Annual Report - Year Ended 31st August 2021

Notes to the Financial Statements - Continued

5. Staff Costs

5. Staf Costs
	2021		2020
	£		£
Ministerial Staf Salary	28,440		24,911
Employer’s National Insurance Costs	-		-
	28,440		24,911

In their capacities as Pastors, A. Ley was remunerated £6,000 with no personal expenses and K. Pope was remunerated £21,000 with £456 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 employees (There were 2 full-time equivalent employees in 2020).

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 circumstances change in the future Calvary Chapel Exeter will inform the Pensions Regulator.

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CALVARY EXETER Annual Report - Year Ended 31st August 2021

Notes to the Financial Statements - Continued

6. Grant Making

				2021		2020
				£		£
Grants made to Institutions
	Creation Fest			23,850		2,400
	UCCF			1,200		1,200
	CGN Relief Fund			78		-
				25,128		3,600
Grants made to Individuals
	Missionary Support			340		60
	Benevolence and Hardship			-		300
				340		360
Total				25,468		3,960

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CALVARY EXETER Annual Report - Year Ended 31st August 2021

Notes to the Financial Statements - Continued

7. Fixed Assets

7. Fixed Assets
	Ministry Equipment (d)		Administration Equipment(d)
	£		£
Cost at 1st September 2020	-		1,088
Additions	500		-
Disposals			-
Cost at 31st August 2021	500		1,088
Depreciation at 1st September 2020	-		680
Eliminated on Disposal			-
Depreciation for the Year	10		127
Depreciation at 31st August 2021	10		807
Net Book Value
Brought Forward	-		408
Carried Forward	490		282

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CALVARY EXETER Annual Report - Year Ended 31st August 2021

Notes to the Financial Statements - Continued

8. Debtors and Prepayments

8. Debtors and Prepayments
	2021		2020
	£		£
Gift Aid Recoverable	6,275		9,500
Prepayments - Exeter Insurance	105		-
Prepayments - Plymouth Insurance	182		-
Prepayments - Exeter Utility Bills	-		73
Debtor - Bank Interest	1		-
	6,563		9,573

9. Creditors and Accruals

9. Creditors and Accruals
	2021		2020
	£		£
Accruals - Exeter Utility Bills	72		5
Deferred Income - Ministry Support for Staf Salaries	800		-
Accounting	80		140
Independent Examination	135		130
Creditor - HMRC	255		-
	1,342		275

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CALVARY EXETER Annual Report - Year Ended 31st August 2021

Notes to the Financial Statements - Continued

10. Movement in Funds

	Fund Balances Brought Forward	Income	Expenditure	Net Transfers	Fund Balances Carried Forward
	£	£	£	£	£
Unrestricted Funds
Exeter General Fund	5,000	40,994	(38,107)	(2,887)	5,000
Plymouth General Fund	11,337	17,832	(15,719)	(1,825)	11,625
BuildingFund	61,267	-	(23,660)	4,712	42,319

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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of Calvary Chapel Exeter On accounts for the year ended 31" Augusl 2021 Charity no {if any) 1156774 Set out on pages I report to the trustees on my examination of the accounts of the above charity ('the Trust") for the year ended 3110812021. Responsibilities and As the charity trustees of the Trusl. you are responsible for the preparation basls of report of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act.). I report in respect of my exarninalion of the Trust's ac¢ounts carried out under section 145 of the 2011 Act and in carrying out my examination. I have followed the applicable Directions given by the Charity Commission under section 145151(b} of the Act. I have completed my examination. I confimi that no material matters have come to my attention (other than that disclosed below '} in connection wilh the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance with seclion 130 of the Act or the a¢¢ounts do not accord with the accounting records Independent examiner's statement I have no concems and have Gome acros5 no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete Ihe words in the brackets if they do not apply. Signed: Date: 221312022 Name: Michelle Hook Relevant professional qualificationlsl or body (if any): NIA Address: 35 Treeve Lane, Connor Downs, Hayle, Comwall TR27 5DQ IER October 2018

Sectiori 8 DisclosLire Only ￿mplete rf the examiner needs to highlight matters of concern (se& CC32. Indepandent examlnatlon of charity acc(Junts: diredions and guidance for examiners). Nothing to disdose G￿ horn brf•f d•lall8 of any It•ms that tho examlnerwl8he8 to dl8close. IER October 2018