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
pg 1
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|
pg 2
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.
pg 3
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
pg 4
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.
pg 5
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
pg 6
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|
pg 7
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)
pg 8
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**|
pg 9
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.
pg 10
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
pg 11
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**|
pg 12
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**|
pg 13
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**|
pg 14
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.
pg 15
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**|
pg 16
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**|
pg 17
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**|
pg 18
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|
|||||||
pg 19
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