Calvary Exeter Annual Report & Accounts Year Ended 31 st August 2023 CALVARY CALVARY ## Calvary Exeter ## **Annual Report and Accounts** |Objectives and Achievements|2| |---|---| |Financial Review|4| |Plans for Future Periods|5| |Structure, Governance and Management|5| |Reference and Administrative Details|6| |Statements of Financial Activities|7| |Balance Sheet|8| |Summary Income and Expenditure Account|9| |Notes to the Financial Statements|| |1. Accounting Policies|10| |2. Analysis of Income|13| |3. Donated Goods, Facilities and Services|13| |4. Analysis of Expenditure|14| |5. Trustee Expenses|16| |6. Independent Examiner Remuneration|16| |7. Grant-making Activities|17| |8. Staff Costs, Employee Benefits and Trustee Remuneration|18| |9. Fixed Assets|19| |10. Debtors|20| |11. Creditors|20| |12. Summary of the Assets and Liabilities of each Category of Fund|21| |13. Movement in Funds|22| |14. Related Party Transactions|23| CALVARY EXETER Annual Report - Year Ended 31st Aug 2023 ## **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; - 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 Aug 2023** Calvary Exeter undertook the following achievements in accordance with its objectives: - The pastor and other teachers taught expositionally through the book of Proverbs on Wednesday nights. - The pastor and other teachers taught expositionally through the books of Philippians and Corinthians on Sunday mornings. - The fellowship held “Solomon's Porch” gatherings to encourage fellowship and spiritual growth of local university students. 2 Return to Contents CALVARY EXETER Annual Report - Year Ended 31st Aug 2023 - The fellowship held weekly prayer gatherings for spiritual encouragement and direction. - The fellowship held meal gatherings in the church building 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 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 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 and updated and a new safeguarding co-ordinator has been appointed who received ‘Safeguarding Leads’ training with - thirtyone:eight charity. The pastor, who is also a trustee, undertook ‘Safeguarding for Trustees’ training with thirtyone:eight charity. ## Calvary Plymouth: - The pastor and other teachers taught expositionally through the Minor Prophet books on Wednesday nights. - The pastor and other teachers taught expositionally through the books of Revelation on 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 and pro-life awareness. - The fellowship leadership team attended a pastors’ conference in York. - 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 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 and a new safeguarding co-ordinator appointed who received ‘Safeguarding Leads’ training with thirtyone:eight charity. 3 Return to Contents CALVARY EXETER Annual Report - Year Ended 31st Aug 2023 ## **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. No material fundraising activities were undertaken. The charity’s finances are in a very healthy position. Income and expenditure were in line with expectations and the charity expects to maintain future expenditure in line with current expenditure. ## **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. ## **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. ## **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. 4 Return to Contents CALVARY EXETER Annual Report - Year Ended 31st Aug 2023 ## **Plans For Future Periods** The charity’s plans for the future, including its aims and objectives and activities remain unchanged and the trustees expect the future direction of the charity to remain the same. ## **Structure, Governance and Management** The charity is overseen by the church pastor, who is an office holder rather than an employee. He is supported in the decision-making process by the charity trustees and supported in the execution of his office by a team of volunteers. The charity has no employees but relies heavily upon all those who attend the fellowship to use their individual gifts and talents for the edification of the church. The office of ‘Pastor’ is defined and regulated by the constitution. The charity trustees are entitled to remove the pastor from his office in accordance with circumstances listed in the constitution, but neither the church nor the charity trustees are the pastor’s employer. There is no legal obligation on the charity to provide financial or other material support to persons holding the office of pastor. However, the charity is always delighted when it can provide such support to enable the pastor to devote his full time and attention to fulfilling the functions of his office without having to engage in other work to support himself and his family. The charity references the Charity Commission document CC3 – ‘The essential trustee: what you need to know, what you need to do’ for the induction and training of trustees. 5 Return to Contents CALVARY EXETER Annual Report - Year Ended 31st Aug 2023 ## **Reference and Administrative Details** ## **Trustees** Andrew Ley (Chair) Kenneth Pope Jason Thorpe Edward Major **Pastors** Andrew Ley Kenneth Pope ## **Governing Document** CIO - Foundation Constitution Registered 23rd April 2014 Amended 15th Dec 2015 and 16th May 2022 **Registered Charity Number** 1156774 **Charity Principle Address** The Old Gospel Hall Edgerton Park Road Exeter EX4 6DD ## **Accounts Prepared By** Bliss Accounts ## **Declaration** The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees: Andrew Ley (Chair) 10th March 2024 6 Return to Contents CALVARY EXETER Annual Report - Year Ended 31st Aug 2023 ## **Statement of Financial Activities** For the Year Ended 31st Aug 2023 |Note
**Income**
Donations and Legacies
2
Charitable Activities
Other Trading Activites
Investments
2
Other Income
2
**Total Income**
**Expenditure**
Raising Funds
Charitable Activities
4-9
**Total Expenditure**
Net Income (Expenditure)
**Net Movement in Funds**
**Reconciliation of Funds**
12-13
**Total Funds b/fwd**
**Total Funds c/fwd**|**Unrestricted**
**Funds**
**2023**
**Restricted**
**Funds**
**2023**
**Total**
**Funds**
**2023**
**Total**
**Funds**
**2022**
129,305
129,305
91,029
1,560
-
1,560
543
-
-
-
-
551
-
551
9
12
-
12
-| |---|---| ||**131,428**
**131,428**
**91,581**
-
-
-
-
(92,444)
-
(92,444)
(76,794)| ||**(92,444)**
**-**
**(92,444)**
**(76,794)**
38,984
-
38,984
14,787| ||**38,984**
**-**
**38,984**
**14,787**
**73,706**
**-**
**73,706**
**58,920**| ||**112,690**
**-**
**112,690**
**73,706**| 7 Return to Contents CALVARY EXETER Annual Report - Year Ended 31st Aug 2023 ## **Balance Sheet** |At 31st Aug
Note
£
**Fixed Assets**
Tangible Assets
9
**Current Assets**
Debtors
10
12,976
Cash in Bank and in Hand
98,262
**Total Current Assets**
**Liabilities**
Creditors: Amount falling
due within one year
11
(727)
**Net Current Assets**
**Net Assets**
**The Funds of the Charity**
12-13
Unrestricted Funds
Restricted Funds
**Total Funds**|2023
**2023**
£
£
2,179
7,499
72,809
111,238
(7,124)
110,510
**112,690**
112,690
-
**112,690**|**2022**
£
552| |---|---|---| |||80,308
73,185| |||**73,706**
73,706
-| |||**73,706**| These financial statements were approved by the board of trustees and signed on their behalf on 10th March 2024 Signed on behalf of the Charity Trustees: Andrew Ley (Chair) 8 Return to Contents CALVARY EXETER Annual Report - Year Ended 31st Aug 2023 ## **Summary Income and Expenditure Account** For the Year Ended 31st Aug 2023 |Income
Gains/(losses) on Investments
Interest and Investment Income
**Gross Income in the Reporting Period**
Expenditure
Interest Payable
Depreciation and charges for the impairment of Fixed Assets
**Total Expenditure in the Reporting Period**
Net Income (Expenditure) before tax
Tax Payable
**Net Income (Expenditure) for the financial year**|**2023**
£
130,877
-
551
**131,428**
91,610
-
834
**92,444**
38,984
-
**38,984**|**2022**
£
91,572
-
9| |---|---|---| |||**91,581**
76,543
-
251| |||**76,794**
14,787
-| |||**14,787**| 9 Return to Contents CALVARY EXETER Annual Report - Year Ended 31st Aug 2023 ## **Notes to the Financial Statements** For the Year Ended 31st Aug 2023 ## **1. Accounting Policies** ## **General Information** Calvary Exeter is a Charitable Incorporated Organisation registered in England and Wales. The registered charity number, company number and address of the charity is given in the charity information on page 6. ## **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) 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. 10 Return to Contents CALVARY EXETER Annual Report - Year Ended 31st Aug 2023 _Notes to the Financial Statements - Continued_ 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. ## **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. 11 Return to Contents CALVARY EXETER Annual Report - Year Ended 31st Aug 2023 ## **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. 12 Return to Contents CALVARY EXETER Annual Report - Year Ended 31st Aug 2023 _Notes to the Financial Statements - Continued_ ## **2. Analysis of Income** |**2. Analysis of Income**|**2. Analysis of Income**||| |---|---|---|---| |**2023**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Donations and Legacies**
Freewill Offerings
82,985
-
82,985
Freewill Offerings from Outside the UK
34,063
-
34,063
Tax Recoverable - Gift Aid
12,257
-
12,257
Grants
-
-
-
**129,305**
**-**
**129,305**
**Charitable Activities**
Plymouth Discipleship and Outreach
**1,560**
**-**
**1,560**
**Investment Income**
Bank Interest
**551**
**-**
**551**
**Other Income**
HMRC Gift Aid Interest
**12**
**-**
**12**
**Total**
**131,428**
**-**
**131,428**
**3. Donated Goods, Facilities and Services**
Donated Goods
Donated Facilities
**Number of Unpaid General Volunteers**
Church Services - Hospitality and Operations
Church Services - Technical
Church Services - Childrens Ministry
Church Services - Discipleship||**2022**|| |||**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
58,620
-
58,620
25,064
-
25,064
7,344
-
7,344
-
-
-|| |||**91,029**|**-**
**91,029**| |||**543**|**-**
**543**| |||**9**|**-**
**9**| |||**-**|**-**
**-**| |||**28,372**|**600**
**28,972**| |||**2023**
£
-
-
**-**
**2023**
30
15
14
7|**2022**
£
-
-| ||||**-**
**2022**
32
11
12
5| |||**66**|**60**| 13 Return to Contents CALVARY EXETER Annual Report - Year Ended 31st Aug 2023 _Notes to the Financial Statements - Continued_ ## **4. Analysis of Expenditure** ## **Expenditure on Charitable Activities - Activities Undertaken Directly** |**2023**
Note
**£**
**Mission and Ministry - Exeter**
Discipleship and Outreach
1,255
Hospitality - Supplies - Gifts
1,361
Honoraria
-
Ministerial Staff Salaries
27,200
IT - Media - Music
2,539
Travel
-
**Mission and Ministry - Plymouth**
Discipleship and Outreach
3,720
Hospitality - Supplies - Gifts
2,997
IT - Media - Music
5,450
Conferences and Retreats
4,815
Travel
410
Honoraria
600
Property, Mangement and Administration
Exeter Rent and Utilities
1,859
Plymouth Rent and Utilities
20,151
Exeter Building Repairs and Upkeep
1,137
Plymouth Building Repairs and Upkeep
4,625
Exeter Insurance
651
Plymouth Insurance
103
Exeter Fixed Asset Depreciation
9
393
Plymouth Fixed Asset Depreciation
9
441
Plymouth Office Costs and Postage
573
Square Fees
143
**80,423**
**Expenditure on Charitable Activities - Grant Funding of Activities**
**2023**
Note
**£**
Grants Payable
7
**9,839**
**Expenditure on Charitable Activities - Support Costs**
**2023**
Note
**£**
Exeter IT, Media and Music - Support Costs
-
Plymouth IT, Media and Music - Support Costs
221
Exeter Discipleship and Outreach - Support Costs
97
Plymouth Discipleship and Outreach - Support Costs
361|**2022**
**£**
1,997
1,064
600
27,000
1,813
53
3,612
3,893
8,126
-
1,533
-
1,795
10,794
793
3,240
539
376
126
125
83
-| |---|---| ||**67,562**
**2022**
**£**| ||**8,094**
**2022**
**£**
72
72
-
-| 14 Return to Contents CALVARY EXETER Annual Report - Year Ended 31st Aug 2023 |Accounting
6,11
Independent Examination
6,11
Visa Costs
HR Software
**TOTAL Expenditure**|596
170
536
202
**2,182**
**92,444**|644
156
199
-| |---|---|---| |||**1,143**| |||**29,661**| 15 Return to Contents CALVARY EXETER Annual Report - Year Ended 31st Aug 2023 _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 Aug 2023 _2 Trustees were paid expenses in the financial year ended 31st Aug 2022_ |**Trustee Expenses**
Retreats and Conferences
Travel|**2023**
£
409
409
**684**|**2022**
£
-
1,586| |---|---|---| |||**1,586**| ## **6. Independent Examiner's Remuneration** |Independent Examiner Fees|**2023**
£
170|**2022**
£| |---|---|---| |||156| 16 Return to Contents CALVARY EXETER Annual Report - Year Ended 31st Aug 2023 _Notes to the Financial Statements - Continued_ ## **7. Grant-making Activities** Resourcing Mission and Ministry in accordance with the Charity Objects: |**Grants Made to Institutions**
Creation Fest
Pioners UK Ministries
Transforming Plymouth Together
Ukraine Relief Fund
UCCF
CCCM
Grants Made to Individuals
S. Yardley Missionary Support
C. Cannone Missionary Support
Benevolence and Hardship
C. Ward Missionary Support
**Total**|**2023**
£
6,400
240
100
-
-
-
**6,740**
300
800
1,999
-
**3,099**
**9,839**|**2022**
£
3,400
60
-
2,200
1,100
73| |---|---|---| |||**6,833**
520
-
500
240| |||**1,260**| |||**8,093**| 17 Return to Contents CALVARY EXETER Annual Report - Year Ended 31st Aug 2023 _Notes to the Financial Statements - Continued_ ## **8. Staff Costs, Employee Benefits and Trustee Rumuneration** |**2023**
**Average number of staff employeed during the reporting period**
2
£
**Staff Costs and Employee Benefits**
Ministerial Staff Stipend Salary
27,200
Employer's Social Security Costs
-
Employer's Contribution to Pension Schemes
-
Other Employee Benefits
-
**27,200**|**2022**
2
£
27,000
-
-
-| |---|---| ||**27,000**| No employees received employee benefits 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 2022), K. Pope was remunerated £21,200 with £684 in personal expenses (£21,000 and £2,456 personal expenses in 2022). Calvary Exeter is not an employer for the purposes of automatic enrolment at this time as confirmed 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. 18 Return to Contents CALVARY EXETER Annual Report - Year Ended 31st Aug 2023 _Notes to the Financial Statements - Continued_ ## **9. Fixed Assets** |**Cost or Valuation**
At 1st Sep 2022
Additions
Disposals
Revaluations
Transfers
**At 31st Aug 2023**
**Depreciation and Impairments**
At 1st Sep 2022
Disposals
Depreciation
Impairment
Transfers
**At 31st Aug 2023**
Net Book Value at 1st Sep 2022
**Net Book Value at 31st Aug 2023**|**Fixtures, Fittings and**
**Equipment**
Ministry
Equipment
Building
Improvements
**Total**
£
£
£
1,588
-
1,588
2,492
-
2,492
-
-
-
-
-
-
-
-
-| |---|---| ||**4,080**
**-**
**4,080**
1,067
-
1,067
-
-
-
834
-
834
-
-
-
-
-
-| ||**1,901**
**-**
**1,901**
522
-
522| ||**2,179**
**-**
**2,179**| 19 Return to Contents CALVARY EXETER Annual Report - Year Ended 31st Aug 2023 _Notes to the Financial Statements - Continued_ ## **10. Debtors** |**Prepayments and Accrued Income**
Insurance
Christian Copyright
Find a Church
Guardian Security
**Other Debtors**
Tax Recoverable - Gift Aid
Breathe HR Software
**Total**
**11. Creditors**
**Accruals and Deferred Income**
Accrued Utilities
Deferred Income - USA Ministry Support
**Other Creditors**
Independent Examination
Accounting
PAYE Tax Owing
S Ley - Discipleship and Outreach meal
Donation to be Refunded
**Total**|**2023**
£
231
192
10
85
**518**
12,257
201
**12,458**
**12,976**
**2023**
£
70
-
**70**
170
130
357
-
-
**657**
**727**|**2022**
£
155
-
-
-| |---|---|---| |||**155**
7,344
-| |||**7,344**| |||**7,499**| |||**2022**
£
125
1,350| |||**1,475**
155
90
333
70
5000| |||**5,649**| |||**264**| 20 Return to Contents CALVARY EXETER Annual Report - Year Ended 31st Aug 2023 _Notes to the Financial Statements - Continued_ ## **12. Summary of the Assets and Liabilities of each Category of Fund** |Tangible Fixed Assets
Intangible Assets
Current Assets
Debtors
Creditors: Amounts falling due within one year|**2023**| |---|---| ||Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
2,179
-
2,179
-
-
-
98,262
-
98,262
12,976
-
12,976
(727)
-
(727)| ||**112,690**
**-**
**112,690**| |Tangible Fixed Assets
Intangible Assets
Current Assets
Debtors
Creditors: Amounts falling due within one year|**2022**| |---|---| ||Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
522
-
522
-
-
-
72,810
-
72,810
7,499
-
7,499
(7,124)
-
(7,124)| ||**73,707**
**-**
**73,707**| 21 Return to Contents CALVARY EXETER Annual Report - Year Ended 31st Aug 2023 ## _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|18,933|75,878|(44,696)|6,900|57,015| |Plymouth General Fund|12,479|55,550|(47,748)|(6,900)|13,381| |Building Fund|42,294|-|-|-|42,294| |**Total Funds**|**73,706**|**32,421**|**(32,525)**|**-**|**112,690**| 22 Return to Contents CALVARY EXETER Annual Report - Year Ended 31st Aug 2023 _Notes to the Financial Statements - Continued_ ## **14. Related Party Transactions** ## **Income** Income from donations and legacies include £15,977 received from Trustees and Related Parties. ## **Expenditure** Related party transactions are disclosed in note 5. 'Trustee Expenses' and note 8. 'Staff Costs, Employee Benefits and Trustees Remuneration'. 23 Return to Contents CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Calvary Chapel Exeter On accounts for the year ended 31" August 2023 Charity no {if any) 1156774 Set out on page5 I report lo the trustees on my examination of the accounts of the above Charity {'the Trust°} for the year ended 3110812023. Responsibilities and As the charity trustees of the Trust. you are responsible for the preparation basls of report of the accounts in accordance with the requirements of the Charities Act 2011 1.the Acl"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed Ihe applicable Dire¢lions given by the Charity Commission under section 145{5llbl of the A¢1. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause lo believe that in, any material respect.. accounting records were nol kept in accordance with sedion 130 of the Act or the accounts do nol accord with the accounting record5 Independent examiner's ststement I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in order to enable a proper understanding of the accounts lo be reached. Signed: Date: 2410312024 Name: Michelle Hook Relevant profes5Tonal qualification{s} or body lif any): NIA Address: 35 Treeve Lane. Connor Downs, Hayle. Cornwall TR27 5DQ Section B Disclosure Only complete if the examiner needs to highlight matters of con￿rn (see CC32, Independent examination of charity accounts: direclions and guidan￿ for examiners). IER October 2018 Give here brfef detalls of any Items that the examinerwl8he8 to dl8cIose. Nothkng to dlsdose IER Octobor 2018