Calvary Exeter Annual Report & Accounts Year Ended 31st August 2024 CALVARY CALVARY PLYMOUTh
Calvary Exeter
Annual Report and Accounts
Year Ended 31[st] Aug 2024
Objectives and Achievements .............................................................................................................. 2 Financial Review .................................................................................................................................... 3 Plans For Future Periods ...................................................................................................................... 4 Structure, Governance and Management ........................................................................................... 5 Reference and Administrative Details ................................................................................................. 6 Statement of Financial Activities ......................................................................................................... 7 Balance Sheet......................................................................................................................................... 8 Summary Income and Expenditure Account ...................................................................................... 9 Notes to the Financial Statements ..................................................................................................... 10 1. Accounting Policies ....................................................................................................................... 10 2. Analysis of Income ........................................................................................................................ 12 3. Donated Goods, Facilities and Services ....................................................................................... 12 4b. Analysis of Expenditure on Charitable Activities ......................................................................... 13 5. Trustee Expenses .......................................................................................................................... 15 6. Independent Examination .............................................................................................................. 15 7. Grant Making Activities .................................................................................................................. 16 8. Staff Costs, Employee Benefits and Trustee Remuneration ......................................................... 17 9. Fixed Assets .................................................................................................................................. 18 10. Debtors ........................................................................................................................................ 19 11. Creditors ...................................................................................................................................... 19 12. Summary of the Assets and Liabilities of each Category of Fund .............................................. 20 13. Movement In Funds ..................................................................................................................... 21 14. Related Party Transactions ......................................................................................................... 22
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CALVARY EXETER Annual Report – Year Ended 31[st] Aug 2024
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:
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a) To worship the Triune God (Father, Son and Holy Spirit);
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b) To build up the Church of Jesus Christ, in particular through the teaching and preaching of the Word of God (The Bible);
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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:
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public Christian worship services;
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public Bible teaching for those who want to know Jesus;
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public Christian prayer meetings;
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public Christian bible study meetings;
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public preaching of the Christian gospel;
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public meetings for students to foster friendship and Christian spiritual growth;
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recycles unwanted student supplies and equipment to other students;
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Christian discipleship training;
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Christian spiritual and moral education for children;
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Christian counselling and comfort to those who are suffering.
The charity uses its financial resources to fulfil the charity purposes in the following ways:
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upkeeping a building and rents facilities for public prayer and worship;
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resources public discipleship training;
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resources public outreach via events and study materials;
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makes financial donations to various Christian causes;
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makes financial donations for the relief of poverty and suffering.
Achievements and Performance, Year Ended 31[st] Aug 2024
Calvary Exeter undertook the following achievements in accordance with its objectives:
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The pastor and other teachers taught expositionally through the book of Daniel, Hosea, Joel, Obediah and Micah on Wednesday nights.
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The pastor and other teachers taught expositionally through the books of Malachi, Jonah, Romans and Hebrews and a topical series on Jesus in Old Testament and on Israel on Sunday mornings.
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CALVARY EXETER Annual Report – Year Ended 31[st] Aug 2024
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The fellowship held “Solomon's Porch” gatherings to encourage fellowship and spiritual growth of local university students.
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The fellowship held weekly prayer gatherings for spiritual encouragement and direction.
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The fellowship held meal gatherings in the church building to foster openness and sharing among the fellowship.
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The pastor conducted various discipleship meetings with individuals throughout the year.
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The pastor conducted various counselling meetings throughout the year.
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The fellowship held prayer gatherings with other Christian pastors across the UK.
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The fellowship building was used by the local community for events.
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The fellowship made a hardship donation to a family in need.
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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.
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The fellowship made various donations to Creation Fest.
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Funds were spent on the upkeep of the fellowship building and many of the fellowship undertook cleaning, painting and repair work to the building.
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Funds were spent expanding the fellowship’s online ministry to provide worship, prayer and teaching to anyone who is unable to physically attend services.
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The fellowship safeguarding policy has been reviewed.
Calvary Plymouth:
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The pastor and other teachers taught expositionally through the books of Ezekiel and Genesis on Wednesday nights.
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The pastor and other teachers taught expositionally through the books of James and John on Sunday mornings.
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The fellowship undertook various studies and fellowship meetings for women.
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The fellowship undertook various studies and fellowship meetings for men.
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The fellowship undertook various studies and fellowship meetings for young people.
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The fellowship leadership team attended a pastors’ conference in York.
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The fellowship held weekly prayer gatherings via Zoom.
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The fellowship held meal gatherings at the fellowship to foster openness and sharing among the fellowship.
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The pastor conducted various discipleship meetings with individuals throughout the year.
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The pastor conducted various counselling meetings throughout the year.
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Some members of the fellowship attended the Calvary Chapel conference in York.
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The fellowship made various donations to charities.
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The fellowship made various donations to support missionaries.
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Funds were spent expanding the fellowship’s online ministry to provide worship, prayer and teaching to anyone who is unable to physically attend services.
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The fellowship safeguarding policy has been reviewed.
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.
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CALVARY EXETER Annual Report – Year Ended 31[st] Aug 2024
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 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.
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.
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.
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.
Declaration
The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees: Andrew Ley (Chair)
Date: 18/01/2025
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.
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CALVARY EXETER Annual Report – Year Ended 31[st] Aug 2024
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
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CALVARY EXETER Annual Report – Year Ended 31[st] Aug 2024
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 Principal Address: The Old Gospel Hall Edgerton Park Road Exeter EX4 6DD Accounts Prepared By: Bliss Accounts
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CALVARY EXETER Annual Report – Year Ended 31[st] Aug 2024
Statement of Financial Activities
For the Year Ended 31[st] Aug 2024
Note Income Donations and Legacies 2 Charitable Activities Other Trading Activities Investments 2 Other Income 2 Total Income Expenditure Raising Funds Charitable Activities 4-9 Total Expenditure Net Income (Expenditure) Transfers between Funds Net Movement in Funds Reconciliation of Funds 12-13 Total Funds b/fwd Total Funds c/fwd |
Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 141,356 - 141,356 129,305 575 - 575 1,560 - - - - 1,435 - 1,435 551 1,110 - 1,110 12 |
|---|---|
| 144,476 - 144,476 131,428 - - - - (93,809) - (93,809) (92,444) |
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| (93,809) - (93,809) (92,444) 50,667 - 50,667 38,984 - - - - |
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| 50,667 - 50,667 38,984 112,690 - 112,690 73,706 |
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| 163,357 - 163,357 112,690 |
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CALVARY EXETER Annual Report – Year Ended 31[st] Aug 2024
Balance Sheet
At 31[st] Aug 2024
| Note | 2024 | 2023 | |||
|---|---|---|---|---|---|
| Fixed Assets | |||||
| Tangible Assets | 9 | 7,638 | 2,179 | ||
| Current Assets | |||||
| Debtors | 13,160 | 12,976 | |||
| Cash in Bank and in Hand | 143,350 | 98,262 | |||
| Total Current Assets | 156,510 | 111,238 | |||
| Liabilities | |||||
| Creditors: Amount falling | 11 | ||||
| due within one year | (791) | (727) | |||
| Net Current Assets | 155,719 | 110,511 | |||
| Net Assets | 163,357 | 112,690 | |||
| The Funds of the Charity | 12-13 | ||||
| Unrestricted Funds | 163,357 | 112,690 | |||
| Restricted Funds | - | - | |||
| Total Funds | **163,357 ** | 112,690 |
These Financial Statements were approved by the board of trustees and signed on their behalf on 19/01/2025
Andrew Ley (Chair)
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CALVARY EXETER Annual Report – Year Ended 31[st] Aug 2024
Summary Income and Expenditure Account
For the Year Ended 31[st] Aug 2024
| Income Gains/(losses) on Investments Interest and Investment Income Gross Income in the Reporting Period Expenditure Interest Payable Depreciation and charges for impairment of Fixed Assets Total Expenditure in Reporting Period Net Income (Expenditure) before tax Tax Payable Net Income (Expenditure) for the financial year |
2024 143,041 - 1,435 144,476 (91,335) - (2,474) (93,809) 50,667 - **50,667 ** |
2023 130,877 - 551 |
|---|---|---|
| 131,428 (91,610) - (834) |
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| (92,444) 38,984 - |
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| **38,984 ** |
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CALVARY EXETER Annual Report – Year Ended 31[st] Aug 2024
Notes to the Financial Statements
For the Year Ended 31[st] Aug 2024
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 Reference and Administrative Details.
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 The 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.
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Donations are only included in the SoFA when the charity has unconditional entitlement to the resources.
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Where incoming resources have related expenditure, the incoming resources and related expenditure are reported gross in the SoFA
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Incoming resources from Gift Aid tax reclaims are included in the SoFA at the same time as the gift to which they relate.
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The value of voluntary help received is not included in the accounts but is described in the trustee’s annual report.
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Investment income is included in the accounts when receivable.
Expenditure and Liabilities
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CALVARY EXETER Annual Report – Year Ended 31[st] Aug 2024
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
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 31[st] Aug 2024
Notes to the Financial Statements - Continued
2. Analysis of Income
| Donations and Legacies Freewill Offerings Freewill Offerings from Outside the UK Tax Recoverable - Gift Aid Charitable Activities Plymouth Conferences and Retreats Plymouth Merchandise Sales Plymouth Discipleship and Outreach Investment Income Bank Interest Other Income SSE Business Support Fund HMRC Gift Aid Interest Total |
2024 Unrestricted Restricted Total Funds Funds Funds 97,863 - 97,863 31,482 - 31,482 12,011 - 12,011 141,356 - 141,356 315 - 315 260 - 260 - - - 575 - 575 1,435 - 1,435 865 - 865 245 - 245 1,110 - 1,110 144,476 - 144,476 |
2023 |
|---|---|---|
| Unrestricted Restricted Total Funds Funds Funds 82,985 - 82,985 34,063 - 34,063 12,257 - 12,257 |
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| 129,305 - 129,305 - - - - - - 1,560 - 1,560 |
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| 1,560 - 1,560 |
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| 551 - 551 - - - 12 - 12 |
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| 12 - 12 |
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| 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 - Children's Ministry Church Services - Discipleship |
2024 £ 2,000 - 2,000 30 15 14 7 66 |
2023 £ - - |
|---|---|---|
| - 30 15 14 7 |
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| 66 |
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CALVARY EXETER Annual Report – Year Ended 31[st] Aug 2024
Notes to the Financial Statements - Continued 4b. Analysis of Expenditure on Charitable Activities
| Note Mission and Ministry - Exeter Discipleship and Outreach Hospitality, Supplies, Gifts Honorarium Ministerial Staff Salaries 8 IT - Media - Music Grants Payable 7 Travel and Accommodation 5 Mission and Ministry - Plymouth Discipleship and Outreach Hospitality, Supplies, Gifts IT - Media - Music Conferences and Retreats Grants Payable 7 Honoraria Leadership Meetings and Dinners 5 Travel and Accommodation 5 Van Upkeep 5 Property, Management and Administration Exeter - Rent and Utilities Plymouth - Rent and Utilities Exeter - Building, Repairs and Upkeep Plymouth - Building, Repairs and Upkeep Exeter - Insurance Plymouth - Insurance Exeter - Fixed Asset Depreciation Plymouth - Fixed Asset Depreciation Exeter - Office Supplies and Postage Plymouth - Office Costs and Postage |
2024 Activities Grant Undertaken Funding of Support Directly Activities Costs Total £ £ £ £ 1,704 - 196 1,900 1,173 - - 1,173 600 - - 600 30,825 - - 30,825 735 - 219 954 - 4,350 - 4,350 172 - - 172 35,209 4,350 415 39,974 6,500 - 538 7,038 3,081 - - 3,081 3,850 - 209 4,059 3,111 - - 3,111 - 6,265 - 6,265 400 - - 400 441 - - 441 209 - - 209 622 - - 622 18,214 6,265 747 25,226 2,200 - - 2,200 20,447 - - 20,447 1,245 - - 1,245 120 - - 120 613 - - 613 267 - - 267 1,545 - - 1,545 928 - - 928 311 - - 311 79 - - 79 |
2023 |
|---|---|---|
| Activities Grant Undertaken Funding of Support Directly Activities Costs Total £ £ £ £ 1,255 - 97 1,352 1,361 - - 1,361 - - - - 27,200 - - 27,200 2,539 - 2,539 - 6,400 - 6,400 - - - - |
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| 32,355 6,400 97 38,852 3,720 - 361 4,081 2,997 - - 2,997 5,450 - 221 5,671 4,815 - - 4,815 410 3,439 - 3,849 600 - - 600 - - - - - - - - - - - - |
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| 17,992 3,439 582 22,013 1,859 - - 1,859 20,151 - - 20,151 1,137 - - 1,137 4,625 - - 4,625 651 - - 651 103 - - 103 393 - - 393 441 - - 441 573 - - 573 |
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| Square Fees Accounting 11 Independent Examination 6,11 Visa Costs HR Software |
12 - - 12 - - 498 498 - - 180 180 - - - - - - 164 164 27,767 - 842 28,609 81,190 10,615 2,004 93,809 |
CALVARYEXETER Annual Report–Year Ended 31stAug 2024 143 - - 143 - - 595 595 - - 170 170 - - 536 536 - - 202 202 30,076 - 1,503 31,579 80,423 9,839 2,182 92,444 |
|---|---|---|
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CALVARY EXETER Annual Report – Year Ended 31[st] Aug 2024
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.
3 Trustees were paid expenses in the financial year ended 31st Aug 2024 2 Trustees were paid expenses in the financial year ended 31st Aug 2023
| Trustee Expenses - Exeter related Travel Trustee Expenses - Plymouth related Retreats and Conferences Leadership Meetings and Dinners Travel 6. Independent Examination Independent Examiner Fees |
2024 £ 172 172 2024 £ 2,511 441 209 3,161 2024 £ 180 |
2023 £ - |
|---|---|---|
| - 2023 £ 409 - 409 |
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| 818 2023 £ |
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| 170 |
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CALVARY EXETER Annual Report – Year Ended 31[st] Aug 2024
Notes to the Financial Statements - Continued
7. Grant Making Activities
| Grants Made to Institutions Creation Fest Global Refugee Aid Our Daily Bread Ministries Trust Christians Together Across Exeter Pioneers UK Ministries Transforming Plymouth Together Grants Made to Individuals C Cannone Bible College Support Delbridge Car Repairs General Benevolence - Plymouth Hardship - Exeter S. Yardley - Missionary Support S. Martinez - Missionary Support Total |
2024 £ 2,400 500 100 50 - - 3,050 2,270 1,500 1,055 1,800 540 400 7,565 10,615 |
2023 £ 6,400 - - 240 100 |
|---|---|---|
| 6,740 800 - 999 1,000 300 - |
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| 3,099 | ||
| 9,839 |
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CALVARY EXETER Annual Report – Year Ended 31[st] Aug 2024
Notes to the Financial Statements - Continued
8. Staff Costs, Employee Benefits and Trustee Remuneration
| Average number of staff employed during the reporting period Staff Costs and Employee Benefits Ministerial Staff Stipend Salary Employer's Social Security Costs Employer's Contribution to Pension Schemes Other Employee Benefits |
2024 2 £ 30,825 - - - 30,825 |
2023 2 £ 27,200 - - - |
|---|---|---|
| 27,200 |
No employees received employee benefits of more than £60,000
Trustee Remuneration
By provision of the charity's Governing Document, in their capacity as pastors,
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A. Ley was remunerated £8,625 with no personal expenses (£6,000 and no personal expenses in 2023).
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K. Pope was remunerated £22,200 with £3,161 in personal expenses (£21,200 and £684 personal expenses in 2023).
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
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CALVARY EXETER Annual Report – Year Ended 31[st] Aug 2024
Notes to the Financial Statements - Continued
9. Fixed Assets
| Cost or Valuation At 1st September 2023 Additions Disposals Revaluations Transfers At 31st August 2024 Depreciation and Impairments At 1st September 2023 Disposals Depreciation Impairment Transfers At 31st August 2024 Net Book Value at 1st Sept 2023 Net Book Value at 31st Aug 2024 |
Fixtures, Fittings and Equipment Exeter Plymouth Exeter Ministry Ministry Building Equipment Equipment Improvements £ £ £ 2,200 1,880 - - 2,000 5,932 - - - - - - - - - 2,200 3,880 5,932 (1,324) (577) - - - - (309) (928) (1,236) - - - - - - (1,633) (1,505) (1,236) 876 1,303 - 567 2,375 4,696 |
Fixtures, Fittings and Equipment Exeter Plymouth Exeter Ministry Ministry Building Equipment Equipment Improvements £ £ £ 2,200 1,880 - - 2,000 5,932 - - - - - - - - - 2,200 3,880 5,932 (1,324) (577) - - - - (309) (928) (1,236) - - - - - - (1,633) (1,505) (1,236) 876 1,303 - 567 2,375 4,696 |
Total |
|---|---|---|---|
| Exeter Ministry Equipment £ 2,200 - - - - 2,200 (1,324) - (309) - - (1,633) 876 567 |
Plymouth Ministry Equipment £ 1,880 2,000 - - - 3,880 (577) - (928) - - (1,505) 1,303 2,375 |
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| £ 4,080 7,932 - - - |
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| 12,012 (1,901) - (2,473) - - |
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| (4,374) 2,179 |
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| 7,638 |
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CALVARY EXETER Annual Report – Year Ended 31[st] Aug 2024
Notes to the Financial Statements - Continued
10. Debtors
| Prepayments and Accrued Income Insurance Thirtyone:eight safeguarding Christian Copyright Utilities Zoom Find a Church Guardian Security Breathe HR Software prepayment Other Debtors Tax Recoverable - Gift Aid Breathe HR Software refund owing - charity status Total |
2024 £ 252 36 242 135 91 10 94 97 957 12,011 192 12,203 13,160 |
2023 £ 231 - 192 - 10 85 - |
|---|---|---|
| 518 12,257 201 |
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| 12,458 | ||
| 12,976 |
11. Creditors
Amount falling due within one year
| Accruals and Deferred Income Accrued Utilities Other Creditors PAYE Tax Owing Independent Examination Accounting A Ley - Church hospitality reimbursement Total |
2024 £ 51 412 180 120 28 740 **791 ** |
2023 £ |
|---|---|---|
| 70 357 170 130 - |
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| 657 | ||
| 727 |
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CALVARY EXETER Annual Report – Year Ended 31[st] Aug 2024
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 Creditors: Amount falling due after more than one year |
2024 Unrestricted Restricted Total Funds Funds Funds £ £ £ 7,638 - 7,638 - - - 143,350 - 143,350 13,160 - 13,160 (791) - (791) - - - 163,357 - 163,357 |
2023 |
|---|---|---|
| Unrestricted Restricted Total Funds Funds Funds £ £ £ 2,179 - 2,179 - - - 98,262 - 98,262 12,976 - 12,976 (727) - (727) - - - |
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| 112,690 - 112,690 |
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CALVARY EXETER Annual Report – Year Ended 31[st] Aug 2024
Notes to the Financial Statements - Continued
13. Movement In Funds
| Unrestricted Funds Exeter General Fund Plymouth General Fund Building Fund Total Funds |
Fund Balances Net Fund Balances Brought Forward Income Expenditure Transfers Carried Forward £ £ £ £ £ 57,015 68,885 (46,321) (5,922) 73,657 13,381 75,591 (47,488) (14,078) 27,406 42,294 - - 20,000 62,294 |
|---|---|
| 112,690 144,476 (93,809) - 163,357 |
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CALVARY EXETER Annual Report – Year Ended 31[st] Aug 2024
Notes to the Financial Statements - Continued
14. Related Party Transactions
Income
Income from donations and legacies include £8,239 received from Trustees and Related Parties.
Expenditure
All expenditure transactions involving related parties are detailed in note 5, 'Trustee Expenses', and note 8, 'Staff Costs, Employee Benefits, and Trustees' Remuneration'.
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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of Calvary Chapel Exeter On accounts for the year ended 31" August 2024 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 3110812024. Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of Ihe 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 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 to believe that in, any material respect: accounting records were not kept in accordance with 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 connection with the examination to which attention should be drawn in order to enable proper understanding of the accounts to be reached. Signed: Date: 0910512025 Name: Michelle Hook Relevant professional qualification(s) 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 highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). IER October 2018
Glve here brlef detalls of any items that the examlner wlshes to disclose. Nothlng to disclose IER October 2018