CALVARY EVANGELISTIC MINISTRY BIRMINGHAM LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[st] AUGUST 2021
CHARITY NUMBER: 1180459
COMPANY NUMBER: 09747188
CALVARY EVANGELISTIC MINISTRY BIRMINGHAM LTD (A COMPANY LIMITED BY GUARANTEE)
LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 31[ST] AUGUST 2021
ADDRESS FOR CORRESPONDENCE
51 FARM ROAD OLDBURY WEST MIDLANDS B68 8RD
REGISTERED COMPANY NUMBER 09747188
REGISTERED CHARITY NUMBER 1180459
GOVERNING DOCUMENT MEMORANDUM & ARTICLES OF ASSOCIATION 25[TH] AUGUST 2015 AMENDED 29[TH] AUGUST 2018
TRUSTEES/ DIRECTORS
Pastor Johathan Lartey Ms Patricia Sarbeng Mr Thomas Gyedu
PRINCIPAL BANKERS
TSB BANK PO BOX 373 LEEDS LS14 9GQ
INDEPENDENT EXAMINERS
FRESH FIRE ORGANISATION GENERATOR BUSINESS CENTRE 95 MILES ROAD MITCHAM SURREY CR4 3FH
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CALVARY EVANGELISTIC MINISTRY BIRMINGHAM 51 FARM ROAD OLDBURY WEST MIDLANDS B68 8RD
INDEX Page Legal & Administrative Details 1 Index 2 Trustee’s Report 3 - 4 Independent Examiner’s Report 5 Statement of Financial Activities 6 Balance Sheet 7 Notes on the financial Statements 8 - 11
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CALVAY EVANGELISTIC MINISTRY BIRMINGHAM LTD
TRUSTEES’ REPORT YEAR ENDED 31[ST] AUGUST 2021
The trustees are pleased to present their report for the year ended 31[st] August 2021 for the charity, Calvary Evangelistic Ministry Birmingham Ltd with charity number 1180459.
The Trustees of the charity are: Pastor Johnathan Lartey Ms Patricia Sarbeng Mr Thomas Gyedu
The principal address of the charity is : 51 Farm Road Oldbury West Midlands B68 8RD
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a Memorandum and Articles of Association that was incorporated 25[th] August 2015 as amended by special resolution on 29[th] August 2018.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The Objects of the organisation is the advancement of the Christian faith for the benefit of the public in accordance with the statement of faith. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
ACHIEVMENTS AND PERFORMANCE
The Organisation continues to hold successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation’s activities were greatly hindered by the pandemic as no services were held online during some of the months of the year. However they were still able to see the lives of those who attended their online meetings greatly improved from a spiritual perspective.
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FINANCIAL REVIEW
The income of the charity is above £29,000 and was from donations received from members. The church spent a lot of its resources on paying the rent for the new premises that it moved into. The church is an ongoing concern. This year they had a reasonable surplus at the end of the financial year.
RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure.This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to build up and maintain this level throughout the year.
RISK MANAGEMENT
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011,the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 20[th] April 2022 and signed on their behalf by:
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Independent Examiner’s Report To the Trustees CALVARY EVANGELISTIC MINISTRY BIRMINGHAM LTD
I report on the accounts of the church for the year ended 31[st ] August 2021 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
Respective responsibilities of trustees and examiner
The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :
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Examine the accounts under section 145 of the 2011 Act.
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Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
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State whether particular matters have come to my attention.
Basis of Independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention;
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(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept( in accordance with section 130 of the 2011 Act
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
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(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Chuks Ajuka BSc(Man), FICB PMDip FRESH FIRE ORGANISATION Generator Business Centre 95 Miles road Mitcham Surrey CR4 3FH
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CALVARY EVANGELISTIC MINISTRY BIRMINGHAM LTD
Statement of Financial Activities for the year ended 31st AUGUST 2021
| Unrestricted Total Funds Funds 2021 2020 Incoming Resources from Note £ £ £ generated funds Donations and Legacies 2 25353 25353 26739 Investment income 3 0 0 0 _ ___ ___ _ 25353 25353 26739 Other Income 4334 4334 0 _____ _ Total Incoming 29687 29687 26739 Resources _____ _ Resources Expended Charitable activities in furtherance of objectives Charitable Activities 5 27,830 27,830 26896 Other 4 360 360 742 _____ Total Resources 28,190 28,190 27638 Expended _____ Net movement in funds 1,497 1,497 -899 Reconciliation of Funds Total Funds brought forward 14245 14245 15144 Total Funds carried forward 15,742 15,742 14245 |
Unrestricted Total Funds Funds 2021 2020 £ £ £ 25353 25353 26739 0 0 0 |
Unrestricted Total Funds Funds 2021 2020 £ £ £ 25353 25353 26739 0 0 0 |
|---|---|---|
| ___ ___ ___ 25353 25353 4334 4334 |
___ 26739 0 |
|
| _________ 29687 29687 |
___ 26739 |
|
| ___ 26896 742 |
||
| _________ 28,190 28,190 |
___ 27638 |
|
| _________ 1,497 1,497 14245 14245 15,742 15,742 |
___ -899 15144 14245 |
The above funds are all classed as to purpose All movements of funds and all recognised gains and losses are included above.
The notes on the accounts form part of these accounts.
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CALVARY EVANGELISTIC MINISTRY BIRMINGHAM LTD Balance Sheet as at 31st August 2021
| Note 2021 Fixed Assets £ Tangible fixed assets 5 11354 _ 11354 _ Current Assets Cash at bank and 4748 in hand Debtors & prepayments 0 4748 Creditors:amounts falling due within one year Creditors & accruals 8 360 _ Net Current Assets 4388 _ Net Assets 15742 Unrestricted Funds General Fund 15742 _ TOTAL FUNDS 15742 _ |
2020 £ 10233 __ 10233 ___ 4372 0 |
|---|---|
| 4372 360 _ 4012 _ 14245 14245 _ 14245 _ |
(a) For the year ended 31[st] August 2020 Calvary Evangelistic Ministy Biringham Ltd was entitled to exemption from audit under section 477 of the Companies Act relating to small companies.
Directors' responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
The Directors acknowledge their responsibilities for complying with the requirements
of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by board of directors on 29th April 2021
And signed on their behalf by Johnathan Lartey
(Director)
Signature:________
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CALVARY EVANGELISTIC MINISTRY BIRMINGHAM LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] AUGUST 2021
1) Accounting Policies 1.1 Basis of Accounting
These accounts have been prepared under the historic cost convention with items Recognised at cost or transaction values otherwise stated in the relevant note(s) to These accounts. The accounts have been prepared in accordance with:
The Statement of Recommended Practice: Accounting and Reporting by Charities Preparing their accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014. 1.2 Going Concern: The accounts are prepared on a going concern basis.
1.3 The accounts present a true and fair view and no change have been made to the accounting policies adopted.
1.4 No changes to the accounting estimates have occurred in the reporting period
- 1.5 No material prior year error have been identified in the reporting period.
Recognition of Income
These are included in the Statement of Financial Activities (SOFA) when:
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The charity becomes entitled to resources;
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It is more likely than not that the trustees will receive the resources;
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The monetary value can be measured with sufficient reliability.
Grants and Donations
Grants and Donations are only included in the SOFA when the general income recognition criteria are met (5.10 to 512 FRS102 SORP)
.
Tax reclaim on donations and gifts
Gift Aid receivable is included in the income when there is a valid declaration from the donor. Any gift aid amount recovered on a donation is considered to be part of that gift and is treated in addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
EXPENDITURE AND LIABILITIES
Liability Recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Grants and Support Costs
Support costs have been allocated between the governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
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CALVARY EVANGELISTIC MINISTRY BIRMINGHAM LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] AUGUST 2021
Creditors
The charity has creditors which are measured at settlement amounts less any trade discounts.
ASSETS
Tangible Fixed Assets for use by the charity
They are capitalised if they can be used for more than one year. They are valued at cost. The depreciation is calculated at 20% reducing balance method.
Debtors
Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at cash.
.
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CALVARY EVANGELISTIC MINISTRY BIRMINGHAM LTD
Notes to the accounts for year ended 31st August 2021
2 Voluntary Income
| Unrestricted Total fundsTotal funds Funds 2021 2020 Church collections £ £ £ Donations 25353 25353 30597 _____ Total 25353 25353 30597 _____ 3 Investment income Unrestricted Total fundsTotal funds Funds £ 2021/£ 2020/£ Bank Interest 0 0 0 4 Other Amount 2021/£ 2020 /£ Accounting services 360 742 Supporting missions Charity donation 0 0 Helping meet needs _ _ 360 742 5 Tangible Fixed Assets Van Instrument Equipment Fix & Fitt Total Cost £ £ £ £ At 01/09/2020 2350 365 9523 3165 15403 Additions 3500 459 0 0 3959 At 31/08/2021 5850 824 9523 3165 19362 Depreciation At 01/09/2020 846 131 3054 1139 5170 charge for the year 1001 138 1294 405 2838 At 31/08/2021 1847 269 4348 1544 8008 Net Book Value at 31/08/2021 4003 555 5175 1621 11354 Net Book Value at 01/09/2020 1504 234 6469 2026 10233 |
Unrestricted Total fundsTotal funds Funds 2021 2020 Church collections £ £ £ Donations 25353 25353 30597 _____ Total 25353 25353 30597 _____ 3 Investment income Unrestricted Total fundsTotal funds Funds £ 2021/£ 2020/£ Bank Interest 0 0 0 4 Other Amount 2021/£ 2020 /£ Accounting services 360 742 Supporting missions Charity donation 0 0 Helping meet needs _ _ 360 742 5 Tangible Fixed Assets Van Instrument Equipment Fix & Fitt Total Cost £ £ £ £ At 01/09/2020 2350 365 9523 3165 15403 Additions 3500 459 0 0 3959 At 31/08/2021 5850 824 9523 3165 19362 Depreciation At 01/09/2020 846 131 3054 1139 5170 charge for the year 1001 138 1294 405 2838 At 31/08/2021 1847 269 4348 1544 8008 Net Book Value at 31/08/2021 4003 555 5175 1621 11354 Net Book Value at 01/09/2020 1504 234 6469 2026 10233 |
Unrestricted Total fundsTotal funds Funds 2021 2020 Church collections £ £ £ Donations 25353 25353 30597 _____ Total 25353 25353 30597 _____ 3 Investment income Unrestricted Total fundsTotal funds Funds £ 2021/£ 2020/£ Bank Interest 0 0 0 4 Other Amount 2021/£ 2020 /£ Accounting services 360 742 Supporting missions Charity donation 0 0 Helping meet needs _ _ 360 742 5 Tangible Fixed Assets Van Instrument Equipment Fix & Fitt Total Cost £ £ £ £ At 01/09/2020 2350 365 9523 3165 15403 Additions 3500 459 0 0 3959 At 31/08/2021 5850 824 9523 3165 19362 Depreciation At 01/09/2020 846 131 3054 1139 5170 charge for the year 1001 138 1294 405 2838 At 31/08/2021 1847 269 4348 1544 8008 Net Book Value at 31/08/2021 4003 555 5175 1621 11354 Net Book Value at 01/09/2020 1504 234 6469 2026 10233 |
|---|---|---|
| 5850 824 846 131 1001 138 |
9523 3165 19362 3054 1139 5170 1294 405 2838 |
|
| 1847 269 4003 555 1504 234 |
4348 1544 8008 5175 1621 11354 6469 2026 10233 |
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CALVARY EVANGELISTIC MINISTRY BIRMINGHAM LTD Notes to the accounts for year ended 31st August 2021
| **6 ** | Cost of Activities in furtherance of Charity's Objectives | Cost of Activities in furtherance of Charity's Objectives | Cost of Activities in furtherance of Charity's Objectives |
|---|---|---|---|
| 2021/£ | 2020/£ | ||
| Rent of building | 18000 | 10300 | |
| Stationary | 0 | 44 | |
| Church events | 0 | 1790 | |
| Transport | 20 | 61 | |
| Church supplies | 0 | 622 | |
| Refreshments | 0 | 96 | |
| Repairs | 0 | 0 | |
| Vehicle expenses | 1070 | 0 | |
| Depreciation | 2838 | 2557 | |
| Subscriptions | 40 | 0 | |
| Insurance | 1665 | 670 | |
| Media services | 296 | 0 | |
| Professiional fees | 1225 | 1200 | |
| Light & heat | 2596 | 1386 | |
| Welfare | 0 | 7900 | |
| Telephone | 80 | 270 | |
| Total | 27830 | 26896 |
| **8 ** | Staff Costs | 2020/£ | 2019/£ | ||
|---|---|---|---|---|---|
| Salaries | 0 | 0 | |||
| Tax/NIC | 0 | 0 | |||
| Total | 0 | 0 |
No employee earned more than £10,000 p.a. There were no employees during the year. No trustee received any emoluments during the financial year.
9 Creditors: amounts falling due within one year
| £ | £ | |||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Creditors | 360 | 300 | ||
| Total | 0 | 0 |
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