Calvary Chapel Bath Annual Report & Accounts Year Ended 31 st Mar I ## **Calvary Chapel Bath** _**Also known as “Calvary Bath”**_ **Trustees Jeffrey Scott Cuozzo Brian Kristopher Cambra Simon Lawrenson Pastors Jeffrey Scott Cuozzo Governing Document CIO - Foundation Registered 4th June 2018 Registered Charity Number 1178622 Charity Principle Address Shepherds Mead South Stoke Bath BA2 7EB Accounts Prepared By Steren Limited** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** ## **Contents** |**Objectives and Achievements**|**Objectives and Achievements**|**1**| |---|---|---| |**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**
**12**|| ||**8. Staff Costs, Employee Benefits and Trustees Remuneration**
**13**|| ||**9. Fixed Assets**
**13**|| ||**10. Debtors**
**14**|| ||**11. Creditors**
**14**|| ||**12. Summary of the Assets and Liabilities of each Category of Fund**
**15**|| ||**13. Movement in Funds**
**16**|| ||**14. Related Party Transactions**
**17**|| **1** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 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:** **a) To worship God the Father, Son and Holy Spirit;** **b) To build up the Church of Jesus Christ, in particular through the teaching and preaching of the Word of God (The Bible);** **c) To proclaim that men and women should repent and believe in Jesus Christ as Saviour and Lord; d) 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** **As a church we have been continuing to teach the Bible verse by verse and see people being encouraged and growing in their faith in God. Over the course of 2023-2024 we have taught through the Gospel of John as well as starting a men’s and women’s weekly home Bible study. The women are studying different attributes of God and the men are studying through the Book of Proverbs.** **We meet for prayer every Tuesday evening on Zoom and this has been a source of huge encouragement to all those who are involved. We pray for the individuals in the fellowship, as well as for our community and for our country.** **The trustees also are fully aware of the Charity Commission’s guidance on public benefit.** ## **Achievements and Performance, Year Ended 31st March 2024** **We began meeting in the South Stoke Village Hall towards the end of 2021 and we have continued to meet in this location through all of 2023 into 2024. The parking situation is not ideal, but the location continues to work for us. As the children’s ministry grows, we sense a need to move into a bigger building somewhere in Bath. We said this last year and this need has become more urgent. We are looking and praying for bigger premises with good parking to come as soon as possible.** **We have been blessed to see new people continuing to join the fellowship as we keep moving forward as a ministry. We have 35-40 people or so coming along on a Sunday morning. With even more families with children, so about 10-12 children also.** **We also meet in the midweek for Bible study each week. We alternate weeks. Each week either the men or the women meet together for Bible study. As men we have been going through Proverbs and it has been so encouraging. About 14 men attend each time we meet. It has been an amazing time of growing in the Word and in friendships. Also, Naomi has been teaching the Wednesday night study for the ladies mainly from the Old Testament and it has been great.** **2** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** **We have also been able to start hosting rest and refreshment retreats for ministry friends and partners here in Bath starting in August 2022 and we have continued into 2024. It has been a huge blessing to be a in a lovely location where we can provide encouragement and strengthening for the ministry work that they do. We have also hosted couples retreats as well as a ministry leadership retreat.** **We are continuing to see people be blessed and encouraged in their faith as we fellowship and study the Bible together and the Lord continues to bring people along who are hungry to study His Word. As well as be a location where people can come to be refreshed and encouraged in their faith.** ## **Financial Review** ## **Financial Position** **The Charity’s primary source of funds is from free -will offerings received from those regularly attending the Sunday services as well as various other supporters to the objectives of the Charity.** ## **Reserves Policy** **Keeping in line with the Charity’s future plans it has a policy to hold sufficient reserves to be able to respond in a timely manner to any opportunity presented that would allow the Charity to achieve those plans. Current reserves are minimal for meeting such possible opportunities. The Charity has an amount of reserves, of which its value must be available as a liquid asset at all times. These reserves are equal to 3 months of average total expenditure.** ## **Grant Making Policy** **Gifts to external organisations and individuals are considered by the Trustees on the basis of need and fulfilment of the charitable activities. There are no upper or lower limits of support.** ## **Principal Sources of Funding** **The charity’s principal source of funds is from voluntary donations received from those regularly attending the Sunday services as well as various other supporters of the objectives of the charity.** ## **Declaration** **The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees:** **Jeffrey Cuozzo Date: January 20, 2025** **3** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** ## **Statement of Financial Activities** ## **For the Year End Ended 31st Mar 2024** ||||**Unrestricted**|
**Restricted**|
**Total**|
**Total**| |---|---|---|---|---|---|---| ||||**Funds**|
**Funds**|
**Funds**|
**Funds**| |||**Note**|**2024**|
**2024**|
**2024**|
**2023**| |**Income**||||||| ||**Donations and Legacies**|**2**|**61,795**|**77,285**|
**139,080**|**97,749**| ||**Charitable Activities**||**-**|
**-**|
**-**|
**-**| ||**Other Trading Activities**||**-**|
**-**|
**-**|
**-**| ||**Investments**|**2**|**-**|
**-**|
**-**|
**-**| ||**Other Income**|**2**|**1**|
**-**|
**1**|
**1**| |**Total Income**|||**61,796**|**77,285**|
**139,081**|**97,750**| |||||||| |**Expenditure**||||||| ||**Raising Funds**|**4**|**-**|
**-**|
**-**|
**-**| ||**Charitable Activities**|**4**|**43,046**|
**65,796**|
**108,842**|
**46,597**| |**Total Expenditure**|||**43,046**|
**65,796**|
**108,842**|
**46,597**| |||||||| |**Net Income (Expenditure)**|||**18,750**|**11,489**|
**30,239**|**51,153**| |**Net Movement in Funds**|||**18,750**|**11,489**|
**30,239**|**51,153**| |||||||| |**Reconciliation of Funds**||**12-13 **||||| ||**Total Funds b/fwd**||**58,077**|
**55,884**|
**113,961**|
**62,808**| ||**Total Funds c/fwd**||**76,827**|**67,373**|
**144,200**|**113,961**| **4** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** ## **Balance Sheet** ## **At 31st Mar 2024** |||||**2024**|||**2023**| |---|---|---|---|---|---|---|---| |||**Note**|**£**|
**£**||**£**|
**£**| |**Fixed Assets**|||||||| ||**Tangible Assets**|**9**||**3,891**|||**4,955**| ||||||||| |**Current Assets**|||||||| ||**Debtors**|**10**|**1,419**|||**896**|| ||**Cash in Bank and in Hand**||**139,738**|||**108,381**|| ||||||||| |**Total Current Assets**||||**141,157**|||**109,277**| ||||||||| |**Liabilities**|||||||| ||**Creditors: Amount falling due**
**within one year**|**11**|**(850)**|||**(271)**|| ||||||||| |**Net Current Assets**||||**140.307**|||**109,006**| ||||||||| |**Net Assets**||||**144.198**|||**113,961**| ||||||||| ||||||||| |**The Funds of the Charity**||**12-13**|||||| ||**Unrestricted Funds**|||**76,906**|||**58,157**| ||**Restricted Funds**|||**67,293**|||**55,804**| ||||||||| |**Total Funds**||||**144,199**|||**113,961**| **These financial statements were approved by the board of trustees and signed on their behalf, on 28[th] January 2025** **Signed on behalf of the charity’s trustees: Jeffrey Cuozzo (Chair)** **5** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** ## **Statement of Cash Flows** ## **For the Year End Ended 31st Mar 2024** ||||**2024**||**2023**| |---|---|---|---|---|---| ||||**£**||**£**| |**Cash flows from Operating Activities**|||||| ||**Net cash provided by (used in) Operating Activities**||**31,795**||**51,917**| ||**(see Note 1)**||||| ||||||| |**Cash flows from Investment Activities**|||||| ||**Interest on cash deposits**||**-**||**-**| ||||||| |**Capital Expenditure**|||||| ||**Fixed Asset Additions**||**--437**||**-5,426**| ||||||| |**Net cash inflow/(outflow) for the year**|||**31,358**||**46,490**| |**Cash and Cash Equivalents at 1 April 2021**|||**61,892**||**61,892**| |**Cash and Cash Equivalents at 31 March 2022**|||**93,250**||**108,382**| ||||||| ||||**2024**||**2023**| ||||**£**||**£**| |**Note 1. Reconciliation of net Income/(Expenditure)**|||||| |**(as per Statement of financial Activities)**|||||| ||||||| |**Net Income/(Expenditure)**|||**30,239**||**51,153**| |**Adjustments For:**|||||| ||**Depreciation Charges**||**1,500**||**1,053**| ||**Interest on investments**||**-**||**-**| ||**(Increase)/decrease in debtors**||**-523**||**-359**| ||**Increase/(decrease) in liabilities**||**579**||**70**| ||||**31,795**||**51,917**| **6** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** ## **Notes to the Financial Statements** **For the Year End Ended 31st Mar 2023** ## **1. Accounting Policies** ## **General Information** **Calvary Chapel Bath 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 the cover sheet.** ## **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 Chapel Bath 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.** ## **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** **7** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** ## **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.** ## **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** **8** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** ## **Notes to the Financial Statements - Continued** ## **2. Analysis of Income** ||||**2024**|**2024**|**2024**||**2023**|**2023**|**2023**| |---|---|---|---|---|---|---|---|---|---| ||||**Unrestricted**|
**Restricted**|
**Total**|
|**Unrestricted**|
**Restricted**|
**Total**| ||||**Funds**|
**Funds**|
**Funds**||**Funds**|
**Funds**|
**Funds**| ||||**£**|
**£**|
**£**||**£**|
**£**|
**£**| ||||||||||| |**Donations and Legacies**|||||||||| ||**Freewill Offerings**||**17,815**|
**-**|
**17,815**||**9,110**|
**-**|
**9,110**| ||**Freewill Offerings from**
**outside UK**||**43,457**|
**77,285**|
**120,742**||**-**|
**87,743**|
**87,743**| ||**Tax Recoverable - Gift**
**Aid**||**523**|
**-**|
**523**||**896**|
**-**|
**896**| ||||**61,795**|
**77,285**|
**139,080**||**10,006**|
**87,743**|
**97,749**| |**Investment Income**|||||||||| ||**Bank Interest**||**-**|
**-**|
**-**||**-**|
**-**|
**-**| ||||||||||| |**Other Income**|||||||||| ||**HMRC Gift Aid Interest**||**-**|
**-**|
**-**||**1**|
**-**|
**1**| ||||||||||| |**Total**|||**61,795**|
**77,285**|
**139,080**||**10,007**|
**87,743**|
**97,750**| ## **3. Donated Goods, Facilities and Services** |||**2024**||**2023**| |---|---|---|---|---| |||**£**||**£**| |**Donated Goods**||**-**||**-**| |**Donated Facilities**||**-**||**-**| |||**-**||**-**| |||||| |||||| |**Number of Unpaid General Volunteers**||**2024**||**2023**| ||**Church Services - Hospitality and Operations**|**8**||**6**| ||**Church Services - Discipleship and Outreach**|**4**||**3**| ||**Church Services - Sunday School Teachers**|**9**||**7**| ||**Church Discipleship - Bible Studies**|**3**||**3**| |||**24**||**19**| |||||| **9** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** ## **Notes to the Financial Statements - Continued** ## **4. Analysis of Expenditure on Charitable Activities** |||||**2023**|**2023**|**2023**|**2023**||**2022**|**2022**|**2022**|**2022**| |---|---|---|---|---|---|---|---|---|---|---|---|---| |||||**Activities**|**Grant**||||**Activities**|**Grant**||| |||||**Undertaken**|**Funding of**|
**Support**|||**Undertaken**|**Funding of**|**Support**|| |||||**Directly**|**Activities**|
**Costs**|
**Total**||**Directly**|**Activities**|**Costs**|
**Total**| ||||**Note**|**£**|**£**|
**£**|
**£**||**£**|**£**|**£**|
**£**| |||||||||||||| |**Mission and Ministry**||||||||||||| ||**Discipleship and Outreach**|||**502**|**-**|
**-**|
**502**||**1,270**|**-**|**2,165**|
**3,435**| ||**Conferences and Retreats**|||**2,283**|**-**|
**-**|
**2,283**||**1,080**|**-**|**-**|
**1,080**| ||**Travel**||**5**|**8,908**|**-**|
**-**|
**8,908**||**509**|**-**|**-**|
**509**| ||**Phone Contract**||**5**|**1,792**|**-**|
**-**|
**1,792**||**1,182**|**-**|**-**|
**1,182**| |||||**13,485**|**-**|
**-**|
**13,485**||**4,041**|**-**|**2,165**|
**6,206**| |||||||||||||| |**TIKVAH - Mission and Ministry**||||||||||||| ||**Discipleship and Outreach**|||**-**|**-**|
**-**|
**-**||**2,225**|**-**|**-**|
**2,225**| ||**Hospitality and Supplies**|||**3,681**|**-**|
**-**|
**3,681**||**195**|**-**|**-**|
**195**| ||**Travel & Accommodation**|||**6,335**|**-**|
**-**|
**6,335**||**-**|**-**|**-**|
**-**| ||**Fixed Asset Depreciation**||**9**|**1,323**|**-**|
**-**|
**1,323**||**1,028**|||**1,028**| |||||||||||||| |||||**11,339**|**-**|
**-**|
**11,339**||**3,448**|**-**|**-**|
**3,448**| |**Property, Management and Administration**||||||**-**|
**-**|||||| |||||||||||||| ||**Tikvah - Rent and Utilities**|||**2,442**|||**2,442**||**1,054**|**-**|**-**|
**1,054**| ||**IT, Media and Music**|||**50**|**-**|
**198**|
**248**||**145**|**-**|**252**|
**397**| ||**Tikvah - IT, Media and Music**|||**6,757**|**-**|
**212**|
**6,969**||**694**|**-**|**104**|
**798**| ||**Hospitality, Supplies & Gifts**||||||||**400**|**-**|**-**|| ||||||||||**140**
**-**|||| ||||||||||**1595**
**-**|||| ||**Honorarium**||||||||**144**|**-**|**-**|| ||**Fixed Asset Depreciation**||**9**|**177**|**-**|
**-**|
**177**||**25**|**-**|**-**|
**25**| **10** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** ## **Notes to the Financial Statements - Continued** ||**Bank Charges**||**72**|**-**|
**-**|
**72**|
**72**|**-**|**-**|**-**|
**-**| |---|---|---|---|---|---|---|---|---|---|---|---| ||**Accounting**||**-**|**-**|
**663**|||**-**|**-**|**331**|
**331**| ||**Independent Examination**||**-**|**-**|
**130**|||**-**|**-**|**120**|
**120**| |||||||||**4,197**
**-**||**807**
**5,004**|| ||||||||||||| |**UK Retreats**|||||||||||| ||**Travel and Transport**||**8,889**|**-**|
**-**|
**8,889**||**8,823**|**-**|**-**|
**8,823**| ||**Accommodation Costs**||**47,816**|**-**|
**-**|
**47,816**||**17,047**|**-**|**-**|
**17,047**| ||**Discipleship**||**-**|**-**|
**-**|
**-**||**4,089**|**-**|**-**|
**4,089**| ||**Hospitality**||**9,090**|**-**|
**-**|
**9,090**||**-**|**-**|**-**|
**-**| ||**Venue Rental**||**-**|**-**|
**-**|||**1,980**|**-**|**-**|
**1,980**| ||||**65,796**|**-**|
**-**|
**65,796**||**31,939**|**-**|**-**|
**31,939**| ||||||||||||| ||||**107,638**|**-**|
**1,204**|
**108,842**||**43,625**|**-**|**2,972**|
**46,597**| **11** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 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** |**5. Trustee Expenses**|**5. Trustee Expenses**|**5. Trustee Expenses**|**5. Trustee Expenses**|**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**||||| |||||| |**1 Trustee was paid expenses in the financial year ended 31 March 2024**||||| |**1 Trustee was paid expenses in the financial year ended 31 March 2023**||||| |||||| |||**2024**||**2023**| |||**£**||**£**| |**Trustee Expenses**||||| ||**Travel & Conferences**|***10,128**||**693**| ||**Phone Contact**|**1,792**||**659**| |||**11,919**||**1,352**| ||***During the 2023/24 financial year there was a marked increase**
**in project activities and travel throughout the UK, Israel and USA**|||| ## **6. Independent Examiner’s Remuneration** |||||**2024**||**2023**| |---|---|---|---|---|---|---| |||||||| |||||**£**||**£**| |||||||| |||||**130**||**120**| |||||||| |||||||| |||||||| ## **7. Grant-making Activities** |||||**2024**||**2023**| |---|---|---|---|---|---|---| |||||**£**||**£**| |**Grants made to Institutions**||||||| |||||**-**||**-**| |||||||| |**Grants made to Individuals**||||||| |||||**-**||**-**| |||||||| |**Total**||||**-**||**-**| **12** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** **Notes to the Financial Statements - Continued** ## **8. Staff Costs, Employee Benefits and Trustees Remuneration** **No staff or employee benefits are recorded in the year. Transactions with trustees have been disclosed in note 5. 'Trustee Expenses'** ## **9. Fixed Assets** ||**Fixtures, Fittings**
**and Equipment**|| |---|---|---| |||**Total**| ||**£**|
**£**| |||| |**Cost or Valuation**||| |**At 1 Apr 2023**|**7,284**|
**7,284**| |**Additions**|**437**|
**437**| |**Disposals**|**-**|
**-**| |**Revaluations**|**-**|
**-**| |**Transfers**|**-**|
**-**| |**At 31 Mar 2024**|**7,721**|
**7,721**| |||| |**Depreciation and Impairments**||| |**At 1 Apr 2023**|**2,330**|
**2,330**| |**Disposals**|**-**|
**-**| |**Depreciation**|**1,500**|
**1,500**| |**Impairment**|**-**|
**-**| |**Transfers**|**-**|
**-**| |**At 31 Mar 2024**|**3,830**|
**3,380**| |||| |||| |**Net Book Value at 1 Apr 2023**|**4,995**|
**4,995**| |**Net Book Value at 31 Mar 2024**|**3,891**|
**3,891**| **13** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** **Notes to the Financial Statements - Continued** ## **10. Debtors** |||**20243**||**2023**| |---|---|---|---|---| |||**£**||**£**| |||||| |**Prepayments and Accrued Income**||||| ||**IT, Media and Music**|**-**||**-**| |||||| |**Other Debtors**||||| ||**Tax Recoverable - Gift Aid**|**1,419**||**896**| |||||| |**Total**||**1,419**||**896**| ## **11. Creditors** |||**2024**||**2023**| |---|---|---|---|---| |||||| |**Accruals and Deferred Income**||**£**||**£**| ||**Accrued Utilities**|**-**||**-**| |||||| |**Other Creditors**||||| ||**Accountancy Fees**|**600**||**151**| ||**Independent Examination**|**250**||**120**| |||**850**||**271**| |||||| |**Total**||**850**||**271**| **14** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** **Notes to the Financial Statements - Continued** ## **12. Summary of the Assets and Liabilities of each Category of Fund** ||**2024**|**2024**|**2024**||**2023**|**2023**|**2023**| |---|---|---|---|---|---|---|---| ||**Unrestricted**|
**Restricted**|
**Total**||**Unrestricted**|
**Restricted**|
**Total**| ||**Funds**|
**Funds**|
**Funds**||**Funds**|
**Funds**|
**Funds**| ||**£**|
**£**|
**£**||**£**|
**£**|
**£**| ||||||||| |**Tangible Fixed Assets**|**3,891**|
**-**|
**3,891**||**4,955**|
**-**|
**4,955**| |**Intangible Assets**|**-**|
**-**|
**-**||**-**|
**-**|
**-**| |**Debtors**|**1,419**|
**-**|
**1,419**||**896**|
**-**|
**896**| |**Current Assets**|**72,164**|
**67,574**|
**139,738**||**52,497**|
**55,884**|
**108,381**| |**Creditors: Amounts falling due within one**
**year**|**(850)**|
**-**|
**(850)**||**(271)**|
**-**|
**(271)**| ||**76,624**|
**67,574**|
**144,198**||**58,077**|
**55,884**|
**113,961**| **15** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** ## **Notes to the Financial Statements - Continued** ## **13. Movement in Funds** ||**Fund**||||**Fund**| |---|---|---|---|---|---| ||**Balances**||||**Balances**| ||**Brought**|||**Net**|
**Carried**| ||**Forward**|
**Income**|
**Expenditure**|
**Transfers**|
**Forward**| ||**£**|
**£**|
**£**|
**£**|
**£**| |**Unrestricted Funds**
**General Fund**|||||| ||||||| ||**10,605**|
**15,695**|
**(31,707)**|
**5,407**|
**0**| |**Tikvah Fund**|**47,552**|
**46,100**|
**(3,448)**|
**(5,407)**|
**76,906**| |**Total Unrestricted Funds**|**58,157**|
**61,795**|
**(43,046)**|
**-**|
**76,906**| |**Restricted Funds**
**UK Retreats Fund**|**55,804**
**77,285**
**(65,796)**
**-**
**67,293**||||| |**Total Funds**|**113,961**
**139,080**
**(108,842)**
**-**
**144,199**||||| **16** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** **Notes to the Financial Statements - Continued** ## **14. Related Party Transactions** **Transactions with related parties have been disclosed in note 5. 'Trustee Expenses' and note 8. 'Staff Costs, Employee Benefits and Trustees Remuneration.'** **17** Calvary Chapel Bath Annual Report & Accounts Year Ended 31 st Mar I ## **Calvary Chapel Bath** _**Also known as “Calvary Bath”**_ **Trustees Jeffrey Scott Cuozzo Brian Kristopher Cambra Simon Lawrenson Pastors Jeffrey Scott Cuozzo Governing Document CIO - Foundation Registered 4th June 2018 Registered Charity Number 1178622 Charity Principle Address Shepherds Mead South Stoke Bath BA2 7EB Accounts Prepared By Steren Limited** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** ## **Contents** |**Objectives and Achievements**|**Objectives and Achievements**|**1**| |---|---|---| |**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**
**12**|| ||**8. Staff Costs, Employee Benefits and Trustees Remuneration**
**13**|| ||**9. Fixed Assets**
**13**|| ||**10. Debtors**
**14**|| ||**11. Creditors**
**14**|| ||**12. Summary of the Assets and Liabilities of each Category of Fund**
**15**|| ||**13. Movement in Funds**
**16**|| ||**14. Related Party Transactions**
**17**|| **1** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 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:** **a) To worship God the Father, Son and Holy Spirit;** **b) To build up the Church of Jesus Christ, in particular through the teaching and preaching of the Word of God (The Bible);** **c) To proclaim that men and women should repent and believe in Jesus Christ as Saviour and Lord; d) 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** **As a church we have been continuing to teach the Bible verse by verse and see people being encouraged and growing in their faith in God. Over the course of 2023-2024 we have taught through the Gospel of John as well as starting a men’s and women’s weekly home Bible study. The women are studying different attributes of God and the men are studying through the Book of Proverbs.** **We meet for prayer every Tuesday evening on Zoom and this has been a source of huge encouragement to all those who are involved. We pray for the individuals in the fellowship, as well as for our community and for our country.** **The trustees also are fully aware of the Charity Commission’s guidance on public benefit.** ## **Achievements and Performance, Year Ended 31st March 2024** **We began meeting in the South Stoke Village Hall towards the end of 2021 and we have continued to meet in this location through all of 2023 into 2024. The parking situation is not ideal, but the location continues to work for us. As the children’s ministry grows, we sense a need to move into a bigger building somewhere in Bath. We said this last year and this need has become more urgent. We are looking and praying for bigger premises with good parking to come as soon as possible.** **We have been blessed to see new people continuing to join the fellowship as we keep moving forward as a ministry. We have 35-40 people or so coming along on a Sunday morning. With even more families with children, so about 10-12 children also.** **We also meet in the midweek for Bible study each week. We alternate weeks. Each week either the men or the women meet together for Bible study. As men we have been going through Proverbs and it has been so encouraging. About 14 men attend each time we meet. It has been an amazing time of growing in the Word and in friendships. Also, Naomi has been teaching the Wednesday night study for the ladies mainly from the Old Testament and it has been great.** **2** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** **We have also been able to start hosting rest and refreshment retreats for ministry friends and partners here in Bath starting in August 2022 and we have continued into 2024. It has been a huge blessing to be a in a lovely location where we can provide encouragement and strengthening for the ministry work that they do. We have also hosted couples retreats as well as a ministry leadership retreat.** **We are continuing to see people be blessed and encouraged in their faith as we fellowship and study the Bible together and the Lord continues to bring people along who are hungry to study His Word. As well as be a location where people can come to be refreshed and encouraged in their faith.** ## **Financial Review** ## **Financial Position** **The Charity’s primary source of funds is from free -will offerings received from those regularly attending the Sunday services as well as various other supporters to the objectives of the Charity.** ## **Reserves Policy** **Keeping in line with the Charity’s future plans it has a policy to hold sufficient reserves to be able to respond in a timely manner to any opportunity presented that would allow the Charity to achieve those plans. Current reserves are minimal for meeting such possible opportunities. The Charity has an amount of reserves, of which its value must be available as a liquid asset at all times. These reserves are equal to 3 months of average total expenditure.** ## **Grant Making Policy** **Gifts to external organisations and individuals are considered by the Trustees on the basis of need and fulfilment of the charitable activities. There are no upper or lower limits of support.** ## **Principal Sources of Funding** **The charity’s principal source of funds is from voluntary donations received from those regularly attending the Sunday services as well as various other supporters of the objectives of the charity.** ## **Declaration** **The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees:** **Jeffrey Cuozzo Date: January 20, 2025** **3** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** ## **Statement of Financial Activities** ## **For the Year End Ended 31st Mar 2024** ||||**Unrestricted**|
**Restricted**|
**Total**|
**Total**| |---|---|---|---|---|---|---| ||||**Funds**|
**Funds**|
**Funds**|
**Funds**| |||**Note**|**2024**|
**2024**|
**2024**|
**2023**| |**Income**||||||| ||**Donations and Legacies**|**2**|**61,795**|**77,285**|
**139,080**|**97,749**| ||**Charitable Activities**||**-**|
**-**|
**-**|
**-**| ||**Other Trading Activities**||**-**|
**-**|
**-**|
**-**| ||**Investments**|**2**|**-**|
**-**|
**-**|
**-**| ||**Other Income**|**2**|**1**|
**-**|
**1**|
**1**| |**Total Income**|||**61,796**|**77,285**|
**139,081**|**97,750**| |||||||| |**Expenditure**||||||| ||**Raising Funds**|**4**|**-**|
**-**|
**-**|
**-**| ||**Charitable Activities**|**4**|**43,046**|
**65,796**|
**108,842**|
**46,597**| |**Total Expenditure**|||**43,046**|
**65,796**|
**108,842**|
**46,597**| |||||||| |**Net Income (Expenditure)**|||**18,750**|**11,489**|
**30,239**|**51,153**| |**Net Movement in Funds**|||**18,750**|**11,489**|
**30,239**|**51,153**| |||||||| |**Reconciliation of Funds**||**12-13 **||||| ||**Total Funds b/fwd**||**58,077**|
**55,884**|
**113,961**|
**62,808**| ||**Total Funds c/fwd**||**76,827**|**67,373**|
**144,200**|**113,961**| **4** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** ## **Balance Sheet** ## **At 31st Mar 2024** |||||**2024**|||**2023**| |---|---|---|---|---|---|---|---| |||**Note**|**£**|
**£**||**£**|
**£**| |**Fixed Assets**|||||||| ||**Tangible Assets**|**9**||**3,891**|||**4,955**| ||||||||| |**Current Assets**|||||||| ||**Debtors**|**10**|**1,419**|||**896**|| ||**Cash in Bank and in Hand**||**139,738**|||**108,381**|| ||||||||| |**Total Current Assets**||||**141,157**|||**109,277**| ||||||||| |**Liabilities**|||||||| ||**Creditors: Amount falling due**
**within one year**|**11**|**(850)**|||**(271)**|| ||||||||| |**Net Current Assets**||||**140.307**|||**109,006**| ||||||||| |**Net Assets**||||**144.198**|||**113,961**| ||||||||| ||||||||| |**The Funds of the Charity**||**12-13**|||||| ||**Unrestricted Funds**|||**76,906**|||**58,157**| ||**Restricted Funds**|||**67,293**|||**55,804**| ||||||||| |**Total Funds**||||**144,199**|||**113,961**| **These financial statements were approved by the board of trustees and signed on their behalf, on 28[th] January 2025** **Signed on behalf of the charity’s trustees: Jeffrey Cuozzo (Chair)** **5** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** ## **Statement of Cash Flows** ## **For the Year End Ended 31st Mar 2024** ||||**2024**||**2023**| |---|---|---|---|---|---| ||||**£**||**£**| |**Cash flows from Operating Activities**|||||| ||**Net cash provided by (used in) Operating Activities**||**31,795**||**51,917**| ||**(see Note 1)**||||| ||||||| |**Cash flows from Investment Activities**|||||| ||**Interest on cash deposits**||**-**||**-**| ||||||| |**Capital Expenditure**|||||| ||**Fixed Asset Additions**||**--437**||**-5,426**| ||||||| |**Net cash inflow/(outflow) for the year**|||**31,358**||**46,490**| |**Cash and Cash Equivalents at 1 April 2021**|||**61,892**||**61,892**| |**Cash and Cash Equivalents at 31 March 2022**|||**93,250**||**108,382**| ||||||| ||||**2024**||**2023**| ||||**£**||**£**| |**Note 1. Reconciliation of net Income/(Expenditure)**|||||| |**(as per Statement of financial Activities)**|||||| ||||||| |**Net Income/(Expenditure)**|||**30,239**||**51,153**| |**Adjustments For:**|||||| ||**Depreciation Charges**||**1,500**||**1,053**| ||**Interest on investments**||**-**||**-**| ||**(Increase)/decrease in debtors**||**-523**||**-359**| ||**Increase/(decrease) in liabilities**||**579**||**70**| ||||**31,795**||**51,917**| **6** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** ## **Notes to the Financial Statements** **For the Year End Ended 31st Mar 2023** ## **1. Accounting Policies** ## **General Information** **Calvary Chapel Bath 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 the cover sheet.** ## **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 Chapel Bath 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.** ## **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** **7** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** ## **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.** ## **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** **8** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** ## **Notes to the Financial Statements - Continued** ## **2. Analysis of Income** ||||**2024**|**2024**|**2024**||**2023**|**2023**|**2023**| |---|---|---|---|---|---|---|---|---|---| ||||**Unrestricted**|
**Restricted**|
**Total**|
|**Unrestricted**|
**Restricted**|
**Total**| ||||**Funds**|
**Funds**|
**Funds**||**Funds**|
**Funds**|
**Funds**| ||||**£**|
**£**|
**£**||**£**|
**£**|
**£**| ||||||||||| |**Donations and Legacies**|||||||||| ||**Freewill Offerings**||**17,815**|
**-**|
**17,815**||**9,110**|
**-**|
**9,110**| ||**Freewill Offerings from**
**outside UK**||**43,457**|
**77,285**|
**120,742**||**-**|
**87,743**|
**87,743**| ||**Tax Recoverable - Gift**
**Aid**||**523**|
**-**|
**523**||**896**|
**-**|
**896**| ||||**61,795**|
**77,285**|
**139,080**||**10,006**|
**87,743**|
**97,749**| |**Investment Income**|||||||||| ||**Bank Interest**||**-**|
**-**|
**-**||**-**|
**-**|
**-**| ||||||||||| |**Other Income**|||||||||| ||**HMRC Gift Aid Interest**||**-**|
**-**|
**-**||**1**|
**-**|
**1**| ||||||||||| |**Total**|||**61,795**|
**77,285**|
**139,080**||**10,007**|
**87,743**|
**97,750**| ## **3. Donated Goods, Facilities and Services** |||**2024**||**2023**| |---|---|---|---|---| |||**£**||**£**| |**Donated Goods**||**-**||**-**| |**Donated Facilities**||**-**||**-**| |||**-**||**-**| |||||| |||||| |**Number of Unpaid General Volunteers**||**2024**||**2023**| ||**Church Services - Hospitality and Operations**|**8**||**6**| ||**Church Services - Discipleship and Outreach**|**4**||**3**| ||**Church Services - Sunday School Teachers**|**9**||**7**| ||**Church Discipleship - Bible Studies**|**3**||**3**| |||**24**||**19**| |||||| **9** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** ## **Notes to the Financial Statements - Continued** ## **4. Analysis of Expenditure on Charitable Activities** |||||**2023**|**2023**|**2023**|**2023**||**2022**|**2022**|**2022**|**2022**| |---|---|---|---|---|---|---|---|---|---|---|---|---| |||||**Activities**|**Grant**||||**Activities**|**Grant**||| |||||**Undertaken**|**Funding of**|
**Support**|||**Undertaken**|**Funding of**|**Support**|| |||||**Directly**|**Activities**|
**Costs**|
**Total**||**Directly**|**Activities**|**Costs**|
**Total**| ||||**Note**|**£**|**£**|
**£**|
**£**||**£**|**£**|**£**|
**£**| |||||||||||||| |**Mission and Ministry**||||||||||||| ||**Discipleship and Outreach**|||**502**|**-**|
**-**|
**502**||**1,270**|**-**|**2,165**|
**3,435**| ||**Conferences and Retreats**|||**2,283**|**-**|
**-**|
**2,283**||**1,080**|**-**|**-**|
**1,080**| ||**Travel**||**5**|**8,908**|**-**|
**-**|
**8,908**||**509**|**-**|**-**|
**509**| ||**Phone Contract**||**5**|**1,792**|**-**|
**-**|
**1,792**||**1,182**|**-**|**-**|
**1,182**| |||||**13,485**|**-**|
**-**|
**13,485**||**4,041**|**-**|**2,165**|
**6,206**| |||||||||||||| |**TIKVAH - Mission and Ministry**||||||||||||| ||**Discipleship and Outreach**|||**-**|**-**|
**-**|
**-**||**2,225**|**-**|**-**|
**2,225**| ||**Hospitality and Supplies**|||**3,681**|**-**|
**-**|
**3,681**||**195**|**-**|**-**|
**195**| ||**Travel & Accommodation**|||**6,335**|**-**|
**-**|
**6,335**||**-**|**-**|**-**|
**-**| ||**Fixed Asset Depreciation**||**9**|**1,323**|**-**|
**-**|
**1,323**||**1,028**|||**1,028**| |||||||||||||| |||||**11,339**|**-**|
**-**|
**11,339**||**3,448**|**-**|**-**|
**3,448**| |**Property, Management and Administration**||||||**-**|
**-**|||||| |||||||||||||| ||**Tikvah - Rent and Utilities**|||**2,442**|||**2,442**||**1,054**|**-**|**-**|
**1,054**| ||**IT, Media and Music**|||**50**|**-**|
**198**|
**248**||**145**|**-**|**252**|
**397**| ||**Tikvah - IT, Media and Music**|||**6,757**|**-**|
**212**|
**6,969**||**694**|**-**|**104**|
**798**| ||**Hospitality, Supplies & Gifts**||||||||**400**|**-**|**-**|| ||||||||||**140**
**-**|||| ||||||||||**1595**
**-**|||| ||**Honorarium**||||||||**144**|**-**|**-**|| ||**Fixed Asset Depreciation**||**9**|**177**|**-**|
**-**|
**177**||**25**|**-**|**-**|
**25**| **10** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** ## **Notes to the Financial Statements - Continued** ||**Bank Charges**||**72**|**-**|
**-**|
**72**|
**72**|**-**|**-**|**-**|
**-**| |---|---|---|---|---|---|---|---|---|---|---|---| ||**Accounting**||**-**|**-**|
**663**|||**-**|**-**|**331**|
**331**| ||**Independent Examination**||**-**|**-**|
**130**|||**-**|**-**|**120**|
**120**| |||||||||**4,197**
**-**||**807**
**5,004**|| ||||||||||||| |**UK Retreats**|||||||||||| ||**Travel and Transport**||**8,889**|**-**|
**-**|
**8,889**||**8,823**|**-**|**-**|
**8,823**| ||**Accommodation Costs**||**47,816**|**-**|
**-**|
**47,816**||**17,047**|**-**|**-**|
**17,047**| ||**Discipleship**||**-**|**-**|
**-**|
**-**||**4,089**|**-**|**-**|
**4,089**| ||**Hospitality**||**9,090**|**-**|
**-**|
**9,090**||**-**|**-**|**-**|
**-**| ||**Venue Rental**||**-**|**-**|
**-**|||**1,980**|**-**|**-**|
**1,980**| ||||**65,796**|**-**|
**-**|
**65,796**||**31,939**|**-**|**-**|
**31,939**| ||||||||||||| ||||**107,638**|**-**|
**1,204**|
**108,842**||**43,625**|**-**|**2,972**|
**46,597**| **11** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 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** |**5. Trustee Expenses**|**5. Trustee Expenses**|**5. Trustee Expenses**|**5. Trustee Expenses**|**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**||||| |||||| |**1 Trustee was paid expenses in the financial year ended 31 March 2024**||||| |**1 Trustee was paid expenses in the financial year ended 31 March 2023**||||| |||||| |||**2024**||**2023**| |||**£**||**£**| |**Trustee Expenses**||||| ||**Travel & Conferences**|***10,128**||**693**| ||**Phone Contact**|**1,792**||**659**| |||**11,919**||**1,352**| ||***During the 2023/24 financial year there was a marked increase**
**in project activities and travel throughout the UK, Israel and USA**|||| ## **6. Independent Examiner’s Remuneration** |||||**2024**||**2023**| |---|---|---|---|---|---|---| |||||||| |||||**£**||**£**| |||||||| |||||**130**||**120**| |||||||| |||||||| |||||||| ## **7. Grant-making Activities** |||||**2024**||**2023**| |---|---|---|---|---|---|---| |||||**£**||**£**| |**Grants made to Institutions**||||||| |||||**-**||**-**| |||||||| |**Grants made to Individuals**||||||| |||||**-**||**-**| |||||||| |**Total**||||**-**||**-**| **12** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** **Notes to the Financial Statements - Continued** ## **8. Staff Costs, Employee Benefits and Trustees Remuneration** **No staff or employee benefits are recorded in the year. Transactions with trustees have been disclosed in note 5. 'Trustee Expenses'** ## **9. Fixed Assets** ||**Fixtures, Fittings**
**and Equipment**|| |---|---|---| |||**Total**| ||**£**|
**£**| |||| |**Cost or Valuation**||| |**At 1 Apr 2023**|**7,284**|
**7,284**| |**Additions**|**437**|
**437**| |**Disposals**|**-**|
**-**| |**Revaluations**|**-**|
**-**| |**Transfers**|**-**|
**-**| |**At 31 Mar 2024**|**7,721**|
**7,721**| |||| |**Depreciation and Impairments**||| |**At 1 Apr 2023**|**2,330**|
**2,330**| |**Disposals**|**-**|
**-**| |**Depreciation**|**1,500**|
**1,500**| |**Impairment**|**-**|
**-**| |**Transfers**|**-**|
**-**| |**At 31 Mar 2024**|**3,830**|
**3,380**| |||| |||| |**Net Book Value at 1 Apr 2023**|**4,995**|
**4,995**| |**Net Book Value at 31 Mar 2024**|**3,891**|
**3,891**| **13** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** **Notes to the Financial Statements - Continued** ## **10. Debtors** |||**20243**||**2023**| |---|---|---|---|---| |||**£**||**£**| |||||| |**Prepayments and Accrued Income**||||| ||**IT, Media and Music**|**-**||**-**| |||||| |**Other Debtors**||||| ||**Tax Recoverable - Gift Aid**|**1,419**||**896**| |||||| |**Total**||**1,419**||**896**| ## **11. Creditors** |||**2024**||**2023**| |---|---|---|---|---| |||||| |**Accruals and Deferred Income**||**£**||**£**| ||**Accrued Utilities**|**-**||**-**| |||||| |**Other Creditors**||||| ||**Accountancy Fees**|**600**||**151**| ||**Independent Examination**|**250**||**120**| |||**850**||**271**| |||||| |**Total**||**850**||**271**| **14** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** **Notes to the Financial Statements - Continued** ## **12. Summary of the Assets and Liabilities of each Category of Fund** ||**2024**|**2024**|**2024**||**2023**|**2023**|**2023**| |---|---|---|---|---|---|---|---| ||**Unrestricted**|
**Restricted**|
**Total**||**Unrestricted**|
**Restricted**|
**Total**| ||**Funds**|
**Funds**|
**Funds**||**Funds**|
**Funds**|
**Funds**| ||**£**|
**£**|
**£**||**£**|
**£**|
**£**| ||||||||| |**Tangible Fixed Assets**|**3,891**|
**-**|
**3,891**||**4,955**|
**-**|
**4,955**| |**Intangible Assets**|**-**|
**-**|
**-**||**-**|
**-**|
**-**| |**Debtors**|**1,419**|
**-**|
**1,419**||**896**|
**-**|
**896**| |**Current Assets**|**72,164**|
**67,574**|
**139,738**||**52,497**|
**55,884**|
**108,381**| |**Creditors: Amounts falling due within one**
**year**|**(850)**|
**-**|
**(850)**||**(271)**|
**-**|
**(271)**| ||**76,624**|
**67,574**|
**144,198**||**58,077**|
**55,884**|
**113,961**| **15** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** ## **Notes to the Financial Statements - Continued** ## **13. Movement in Funds** ||**Fund**||||**Fund**| |---|---|---|---|---|---| ||**Balances**||||**Balances**| ||**Brought**|||**Net**|
**Carried**| ||**Forward**|
**Income**|
**Expenditure**|
**Transfers**|
**Forward**| ||**£**|
**£**|
**£**|
**£**|
**£**| |**Unrestricted Funds**
**General Fund**|||||| ||||||| ||**10,605**|
**15,695**|
**(31,707)**|
**5,407**|
**0**| |**Tikvah Fund**|**47,552**|
**46,100**|
**(3,448)**|
**(5,407)**|
**76,906**| |**Total Unrestricted Funds**|**58,157**|
**61,795**|
**(43,046)**|
**-**|
**76,906**| |**Restricted Funds**
**UK Retreats Fund**|**55,804**
**77,285**
**(65,796)**
**-**
**67,293**||||| |**Total Funds**|**113,961**
**139,080**
**(108,842)**
**-**
**144,199**||||| **16** **CALVARY CHAPEL BATH Annual Report - Year Ended 31st March 2024** **Notes to the Financial Statements - Continued** ## **14. Related Party Transactions** **Transactions with related parties have been disclosed in note 5. 'Trustee Expenses' and note 8. 'Staff Costs, Employee Benefits and Trustees Remuneration.'** **17** ## **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** **Report to the trustees/ members of** Calvary Chapel Bath 31[st] March 2024 **On accounts for the year ended Charity no (if any)** 1178622 ## **Set out on pages** 4 - 17 (remember to include the page numbers of additional sheets) ## **Responsibilities and basis of report** I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2024. As the charity trustees of the Trust, you are responsible for the preparation 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 the 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. ## **Independent examiner's statement** 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 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 a proper understanding of the accounts to be reached. **Signed:** **Date:** 29/01/2025 **Name:** Deborah Evans **October 2018** 1 **IER** **Relevant professional qualification(s) or body (if any):** ## **Address:** Barn House, Mill Road, Penponds, Camborne TR14 0QH ## **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). **Give here brief details of any items that the examiner wishes to disclose** . Nothing to report **October 2018** 2 **IER**