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.
2
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
4
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**|
5
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)
6
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)**|
7
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.
8
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
9
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**|
10
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|
11
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**|
12
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 subsistence_**causes, 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 subsistence_**causes, 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 subsistence_**causes, 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 subsistence_**causes, 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 subsistence_**causes, 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|
13
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**|
14
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.||||||
|||||||
15
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**|
18
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