2022-08-31-accounts

Calvary Exeter Annual Report & Accounts Year Ended 31 st August 2022 CALVARY CALVARY

Calvary Exeter

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

CALVARY EXETER Annual Report - Year Ended 31st August 2022

Contents

Objectives and Achievements	2
Financial Review	3
Statement of Financial Activities	4
Balance Sheet	5
Statement of Cash Flows	6
Notes to the Financial Statements	7
1. Accounting Policies	7
2. Analysis of Income	9
3. Donated Goods, Facilities and Services	9
4. Analysis of Expenditure on Charitable Activities	10
5. Trustee Expenses	12
6. Independent Examiner's Remuneration	12
7. Grant-making Activities	13
8. Staff Costs, Employee Benefts and Trustees Remuneration	14
9. Fixed Assets	15
10. Debtors	16
11. Creditors	16
12. Summary of the Assets and Liabilities of each Category of Fund	17
13. Movement in Funds	18
14. Related Party Transactions	19

1

CALVARY EXETER Annual Report - Year Ended 31st August 2022

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 the Triune God (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).

Activities of the Charity

The charity trustees have reviewed its activities with regard to the Charity Commission’s guidance on public benefit. The charity provides, amongst other things, the following benefits:

• public Christian worship services;

• public Bible teaching for those who want to know Jesus;

• public Christian prayer meetings;

• public Christian bible study meetings;

• public preaching of the Christian gospel;

• public meetings for students to foster friendship and Christian spiritual growth;

• recycles unwanted student supplies and equipment to other students;

• Christian discipleship training;

• Christian spiritual and moral education for children;

• Christian counselling and comfort to those who are suffering.

The charity uses its financial resources to fulfil the charity purposes in the following ways:

• upkeeps a building and rents facilities for public prayer and worship;

• resources public discipleship training;

• resources public outreach via events and study materials;

• makes financial donations to various Christian causes;

• makes financial donations for the relief of poverty and suffering.

Achievements and Performance, Year Ended 31st August 2022

Calvary Exeter:

• The pastor and other teachers taught expositionally through the books of Genesis and Proverbs on Wednesday nights.

• The pastor and other teachers taught expositionally through the books of Exodus, Ephesians, and 1 & 2 Peter on Sunday mornings.

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CALVARY EXETER Annual Report - Year Ended 31st August 2022

• The fellowship held “Solomon's Porch” gatherings to encourage fellowship and spiritual growth of 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 events.

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

• The pastor and other members 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.

• The fellowship made a one-off donation to relieve suffering in Ukraine.

• The fellowship made donations to support missionaries.

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

• Funds were spent expanding the fellowship’s online ministry to provide worship, prayer and teaching to anyone who is unable to physically attend services.

• The fellowship safeguarding policy has been reviewed.

Calvary Plymouth:

• The pastor and other teachers taught expositionally through the books of 1 & 2 Kings and Daniel on Wednesday nights.

• The pastor and other teachers taught expositionally through the books of Acts and 1 Corinthians on Saturday nights and Sunday mornings.

• The fellowship undertook various studies and fellowship meetings for women.

• The fellowship undertook various studies and fellowship meetings for men.

• The fellowship undertook various studies and fellowship meetings for young people.

• The fellowship undertook street outreach evangelism.

• The fellowship held meetings to help and encourage parents who home school their children.

• 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.

• Some members of the fellowship attended the Calvary Chapel conference in York.

• The fellowship made various donations to charities.

• The fellowship made a one-off donation to relieve suffering in Ukraine.

• The fellowship made various donations to support missionaries.

• Funds were spent expanding the fellowship’s online ministry to provide worship, prayer and teaching to anyone who is unable to physically attend services.

• The fellowship safeguarding policy has been reviewed.

3

CALVARY EXETER Annual Report - Year Ended 31st August 2022

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.

The charity made a large one-off donation last year which reduced the charity balance sheet but the funds have recovered extremely well this year leaving the charity in a very healthy position. Income and expenditure were in line with expectations.

The charity expects to maintain future expenditure in line with current expenditure. However, the flat roof of the fellowship building in Exeter is starting to deteriorate and may need to be replaced soon. The charity has sufficient funds to accommodate this expenditure should it be necessary to do so.

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. 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

The Charity will make grants to external organisations and individuals by assessment of 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.

Declaration

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

Andrew Ley (Chairman) Date: 14/02/2023

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CALVARY EXETER Annual Report - Year Ended 31st August 2022

Statement of Financial Activities

For the Year End Ended 31st August 2022

			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
		Note	2022	2022	2022	2021
Income
	Donations and Legacies	2	91,029	-	91,029	58,698
	Charitable Activities		543	-	543	101
	Other Trading Activities		-	-	-	-
	Investments		9	-	9	27
	Other Income	2	-	-	-	-
Total Income			91,581	-	91,581	58,826
Expenditure
	Raising Funds		-	-	-	-
	Charitable Activities	4	76,794	-	76,794	77,510
Total Expenditure			76,794	-	76,794	77,510
Net Income (Expenditure)			14,787	-	14,787	(18,684)
Net Movement in Funds			14,787	-	14,787	(18,684)
Reconciliation of Funds		12-13
	Total Funds b/fwd		58,920	-	58,920	77,604
	Total Funds c/fwd		73,707	-	73,707	58,920

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CALVARY EXETER Annual Report - Year Ended 31st August 2022

Balance Sheet

Balance Sheet	Balance Sheet	Balance Sheet	Balance Sheet	Balance Sheet	Balance Sheet	Balance Sheet	Balance Sheet	Balance Sheet
At 31st August 2022
					2022			2021
		Note		£	£		£	£
Fixed Assets
	Tangible Assets	9			522			772
Current Assets
	Debtors	10		7,499			6,563
	Cash in Bank and in Hand			72,810			52,927
Total Current Assets					80,309			59,490
Liabilities
	Creditors: Amount falling due within one year	11		(7,124)			(1,342)
Net Current Assets					73,185			58,148
Net Assets					73,707			58,920
The Funds of the Charity		12-13
	Exeter General Fund				18,933			5,000
	Plymouth General Fund				12,479			11,625
	Building Fund				42,295			42,295
Total Funds					73,707			58,920

These financial statements were approved by the board of trustees and signed on their behalf, on 14/02/2023

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

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CALVARY EXETER Annual Report - Year Ended 31st August 2022

Statement of Cash Flows

For the Year Ended 31st August 2022

			2022		2021
			£		£
Cash fows from Operating Activities
	Net cash provided by (used in) Operating Activities		19,874		(14,498)
	(see Note 1)
Cash fows from Investment Activities
	Interest on cash deposits		9		27
Capital Expenditure
	Fixed Asset Additions		-		(500)
Net cash infow/(outfow) for the year			19,883		(14,971)
Cash and Cash Equivalents at 1 August 2021			52,927		67,898
Cash and Cash Equivalents at 31 July 2022			72,810		52,927
			2022		2021
			£		£
Note 1. Reconciliation of net Income/(Expenditure)
(as per Statement of fnancial Activities)
Net Income/(Expenditure)			14,787		(18,684)
Adjustments For:
	Depreciation Charges		250		136
	Interest on investments		(9)		(27)
	(Increase)/decrease in debtors		(936)		3,010
	Increase/(decrease) in liabilities		5,782		1,067
			19,874		(14,498)

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CALVARY EXETER Annual Report - Year Ended 31st August 2022

Notes to the Financial Statements

For the Year End Ended 31st August 2022

1. Accounting Policies

General Information

Calvary 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 2019), Companies Act 2006 and Charities Act 2011.

Calvary 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.

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.

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CALVARY EXETER Annual Report - Year Ended 31st August 2022

Notes to the Financial Statements - Continued

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

Inventory

Stocks held for sale as part of non-charitable trade are measured at the lower of cost or net realisable value.

Donated goods are measured at their fair value, unless it is impractical to measure reliably the fair value of donated item(s). When there is no direct evidence of fair value for an equivalent item, a value is derived from: the cost of the item to the donor; or in the case of goods that are expected to be sold, the estimated resale value after deducting the cost to sell the goods.

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered.

Judgements in Applying Accounting Policies

In the application of the church's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates but are unlikely to be material.

Cash at Bank and In Hand

Cash at bank and in hand includes cash and short-term highly liquid investments with short maturity of three months or less from the date of acquisition or opening of the deposit or similar amount.

Financial Instruments

The church only has financial assets and financial liabilities of a kind that qualify as basic financial Instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method

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CALVARY EXETER Annual Report - Year Ended 31st August 2022

Notes to the Financial Statements - Continued

2. Analysis of Income

			2022	2022	2022			2021	2021	2021
			Unrestricted	Restricted	Total			Unrestricted	Restricted	Total
			Funds	Funds	Funds			Funds	Funds	Funds
			£	£	£			£	£	£
Donations and Legacies
	Freewill Offerings		58,620	-	58,620			34,801	-	34,801
	Freewill Offerings from Outside the UK		25,064	-	25,064			16,322	-	16,322
	Tax Recoverable - Gift Aid		7,344	-	7,344			6,275	-	6,275
	Grants			-	-			1,300	-	1,300
			91,029	-	91,029			58,698	-	58,698
Charitable Activities
	Plymouth - Discipleshipand Outreach		543	-	543			101	-	101
Investment Income
	Bank Interest		9	-	9			27	-	27
Other Income
	HMRC Gift Aid Interest		-	-	-			-	-	-
Total			91,581	-	91,581			58,826	-	58,826

3. Donated Goods, Facilities and Services

		2022		2021
		£		£
Donated Goods		-		-
Donated Facilities		-		-
		-		-
Number of Unpaid General Volunteers		2022		2021
	Church Services - Hospitalityand Operations	32		32
	Church Services - Technical	11		11
	Church Services - Children's Ministry	12		12
	Church Services - Discipleship	5		5
		60		60

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CALVARY EXETER Annual Report - Year Ended 31st August 2022

Notes to the Financial Statements - Continued

4. Analysis of Expenditure on Charitable Activities

			2022	2022	2022	2022		2021	2021	2021	2021
			Activities	Grant				Activities	Grant
			Undertaken	Funding of	Support			Undertaken	Funding of	Support
			Directly	Activities	Costs	Total		Directly	Activities	Costs	Total
		Note	£	£	£	£		£	£	£	£
Mission and Ministry - Exeter
	Discipleship and Outreach		1,997	-	-	1,997		679	-	-	679
	Hospitality, Supplies and Gifts		1,064	-	-	1,064		423	-	-	423
	Grants payable - Individuals	7	-	240	-	240		-	-	-	-
	Grants payable - Organisations	7	-	4,500	-	4,500		-	23,600	-	23,600
	Honoraria		600	-	-	600		100	-	-	100
	Ministerial Staff Salaries	8	27,000	-	-	27,000		28,440	-	-	28,440
	Travel	5	53	-	-	53		100	-	-	100
			30,714	4,740	-	35,454		29,742	23,600	-	53,342
Mission and Ministry - Plymouth
	Discipleship and Outreach		3,612	-	-	3,612		350	-	-	350
	Hospitality, Supplies and Gifts		3,893	-	-	3,893		743	-	-	743
	Grants payable - Individuals	7	-	1,020	-	1,020		-	340	-	340
	Grants payable - Organisations	7	-	2,334	-	2,334		-	1,528	-	1,528
	Conferences and Retreats	5	-	-	-	-		151	-	-	151
	Honoraria		-	-	-	-		200	-	-	200

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CALVARY EXETER Annual Report - Year Ended 31st August 2022

Notes to the Financial Statements - Continued

	Travel	5	1,533	-	-	1,533		305	-	-	305
			9,038	3,354	-	12,392		1,749	1,868	-	3,617
Property, Management and Administration
	Exeter - Building Rent and Utilities		1,795	-	-	1,795		1,543	-	-	1,543
	Plymouth - Building Rent and Utilities		10,794	-	-	10,794		4,000	-	-	4,000
	Exeter - Building Repairs and Upkeep		793	-	-	793		5,289	-	-	5,289
	Plymouth - Building Repairs and Upkeep		3,240	-	-	3,240		319	-	-	319
	Exeter IT, Media and Music		1,813	-	72	1,885		575	-	-	575
	Plymouth IT, Media and Music		8,126	-	72	8,198		2,580	-	-	2,580
	Exeter - Insurance		539	-	-	539		660	-	-	660
	Plymouth - Insurance		376	-	-	376		259	-	-	259
	Exeter - Fixed Asset Depreciation	9	126	-	-	126		126	-	-	126
	Plymouth - Fixed Asset Depreciation	9	125	-	-	125		10	-	-	10
	Plymouth - Offce Supplies and Postage		83	-	-	83		-	-	-	-
	Visa Costs		-	-	199	199		-	-	-	-
	Accounting		-	-	644	644		-	-	377	377
	Independent Examination	6	-	-	156	156		-	-	135	135
			27,810	-	1,143	28,953		15,361	-	512	15,873
			67,562	8,094	1,143	76,799		46,852	25,468	512	77,510

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CALVARY EXETER Annual Report - Year Ended 31st August 2022

Notes to the Financial Statements - Continued

5. Trustee Expenses

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

2 Trustees were paid expenses in the financial year ended 31st August 2022

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

No trustee was paid for their service as a trustee. The nature of expenses incurred were for: ministry, administrative and subsistencecauses, exclusively and necessary for fulflling the charity objects	No trustee was paid for their service as a trustee. The nature of expenses incurred were for: ministry, administrative and subsistencecauses, exclusively and necessary for fulflling the charity objects	No trustee was paid for their service as a trustee. The nature of expenses incurred were for: ministry, administrative and subsistencecauses, exclusively and necessary for fulflling the charity objects	No trustee was paid for their service as a trustee. The nature of expenses incurred were for: ministry, administrative and subsistencecauses, exclusively and necessary for fulflling the charity objects	No trustee was paid for their service as a trustee. The nature of expenses incurred were for: ministry, administrative and subsistencecauses, exclusively and necessary for fulflling the charity objects
2 Trustees were paid expenses in the fnancial year ended 31st August 2022
2 Trustees were paid expenses in the fnancial year ended 31st August 2021
		2022		2021
		£		£
Trustee Expenses
	Travel	1,586		405
	Conferences	-		151
		1,586		556

6. Independent Examiner's Remuneration

				2022		2021
				£		£
Independent Examiner’s Fees				156		130

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CALVARY EXETER Annual Report - Year Ended 31st August 2022

Notes to the Financial Statements - Continued

7. Grant-making Activities

				2022		2021
				£		£
Grants made to Institutions
Resourcing mission and ministry in accordance with the Charity Objects:
	Creation Fest			3,400		23,850
	Ukraine Relief Fund			2,200		-
	UCCF			1,100		1,200
	CCCM			73		-
	Pioneers UK Ministries			60		-
	CGN Relief Fund			-		78
				6,833		25,128
Grants made to Individuals
Resourcing mission and ministry in accordance with the Charity Objects:
	S. Yardley Missionary Support			520		-
	C. Ward CF Missionary Support			240		-
	Benevolence and Hardship			500		-
	Missionary Support			-		340
				1,260		340
Total				8,093		25,468

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CALVARY EXETER Annual Report - Year Ended 31st August 2022

Notes to the Financial Statements - Continued

8. Staff Costs, Employee Benefits and Trustees Remuneration

			2022		2021
			£		£
Staff Costs and Employee Benefts
	Ministerial Staff Stipend Salary		27,000		28,440
	Employer's Social Security Costs		-		-
	Employer's Contribution to Pension Schemes		-		-
	Other Employee Benefts		-		-
	Visa Costs		199
			27,199		28,440
No employees received employee benefts of more than £60,000
By provision of the charity's Governing Document, in their capacity as pastors, A. Ley was remunerated £6,000 with no personal expenses (£6,000 and no personal expenses in 2021), K. Pope was remunerated £21,000 with £2,456 in personal expenses (£21,000 and £456 personal expenses in 2021).
These 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 2021).
Calvary Exeter is not an employer for the purposes of automatic enrolment at this time as confrmed by the Pensions Regulator. Under the Pensions Act 2008, automatic enrolment duties no longer apply. If circumstances change in the future, Calvary Exeter will inform the Pensions Regulator.

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CALVARY EXETER Annual Report - Year Ended 31st August 2022

Notes to the Financial Statements - Continued

9. Fixed Assets

	Fixtures, Fittings and Equipment	Fixtures, Fittings and Equipment
	Ministry	Administration
	Equipment	Equipment		Total
	£	£		£
Cost or Valuation
At 1 Sep 2021	500	1,088		1,588
Additions	-	-		-
Disposals	-	-		-
Revaluations	-	-		-
Transfers	-	-		-
At 31 Aug 2022	500	1,088		1,588
Depreciation and Impairments
At 1 Sep 2021	10	806		816
Disposals	-	-		-
Depreciation	125	125		250
Impairment	-	-		-
Transfers	-	-		-
At 31 Aug 2022	135	931		1,066
Net Book Value at 1 Sep 2021	490	282		772
Net Book Value at 31 Aug 2022	365	157		522

16

CALVARY EXETER Annual Report - Year Ended 31st August 2022

Notes to the Financial Statements - Continued

10. Debtors

		2022		2021
		£		£
Prepayments and Accrued Income
	Insurance	154		287
	Bank Interest	1		1
		155		288
Other Debtors
	Tax Recoverable - Gift Aid	7,344		6,275
Total		7,499		6,563

11. Creditors

		2022		2021
		£		£
Accruals and Deferred Income
	Accrued Utilities	125		72
	Deferred Income - USA Ministry Support	1,350		800
		1,475		872
Other Creditors
	Accounting	90		80
	Independent Examiner	155		135
	Tax Owing	333		255
	S Ley - Discipleship and Outreach meal	70		-
	Donation to be refunded	5,000		-
		5,649		470
Total		7,124		1,342

17

CALVARY EXETER Annual Report - Year Ended 31st August 2022

Notes to the Financial Statements - Continued

12. Summary of the Assets and Liabilities of each Category of Fund

	2022	2022	2022		2021	2021	2021
	Unrestricted	Restricted	Total		Unrestricted	Restricted	Total
	Funds	Funds	Funds		Funds	Funds	Funds
	£	£	£		£	£	£
Tangible Fixed Assets	522	-	522		772	-	772
Intangible Assets	-	-	-		-	-	-
Current Assets	72,810	-	72,810		52,927	-	52,927
Debtors	7,499	-	7,499		6,563	-	6,563
Creditors: Amounts falling due within one year	(7,124)	-	(7,124)		(1,342)	-	(1,342)
	73,707	-	73,707		58,920	-	58,920

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CALVARY EXETER Annual Report - Year Ended 31st August 2022

Notes to the Financial Statements - Continued

13. Movement in Funds

	Fund				Fund
	Balances				Balances
	Brought			Net	Carried
	Forward	Income	Expenditure	Transfers	Forward
	£	£	£	£	£
Unrestricted Funds Exeter General Fund	5,000	49,423	(40,990)	5,500	18,933
Plymouth General Fund	11,625	42,158	(35,804)	(5,500)	12,479
Building Fund	42,295	-	-	-	42,295
Total Funds	58,920	91,581	(76,794)	-	73,707

19

CALVARY EXETER Annual Report - Year Ended 31st August 2022

Notes to the Financial Statements - Continued

14. Related Party Transactions

Except as disclosed in note 5. 'Trustee Expenses' and note 8. 'Staff Costs, Employee Benefits and Trustees Remuneration', there have been no other transactions with related parties during the year.

Income from donations and legacies includes £7,532 (2021 - £3,300) received from related parties (which includes trustees, any other members of key management and anyone closely connected to them).

20

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examlner's Report Report to the trusteesl members of Calvary Chapel Exeter On accounts for the year ended 31" August 2022 Charity no {if any} 1156774 Set out on pages I report to the Iruslees on my examination ofthe accounts of the above charity I'the Trust") for the year ended 3110812022. Responslbllitiès and As the charity trustees of the Trusl, you are responsible for the preparation basls of report of the accounts in accordance with the requiremènts of Ihe Charities Act 2011 ("the Act"). I report in respect of my examination of th8 Trust's accounts 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. S have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance wilh section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no concerns and have come across no other matters in conne¢lion with the examination lo which attention should be drawn in order lo enable proper understanding of the accounts to be reached. Signed.. Date: 2010612023 Name: Michelle Hook Relevant professional qualificationls) or body {if any): NIA Address: 35 Treeve Lane. Connor Downs, Hayle, Cornwall TR27 5DQ Section B Disclosure Only complete if the examiner needs to highlighl matters of concem (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). IER October 2018

Giv• here brfef details of any items that the examiner wishes to dlsclo88. NothirKJ to dlsdose IER October 2018