# Trustees’ Annual Report & Accounts For the period of 19[th] December 2019 to 31[st] July 2020
Trustees’ Annual Report & Accounts Year ending 31[st] July 2020
## Details and Governance
Charity Name:
Calvary Chapel Bristol
> Registered Charity Number : 1187056
> Charity Principal Address: 157 Birchwood Road, Bristol, BS4 4RB
> Governing Document: CIO – Foundation Constitution
> Trustee Selection: Election to post
> Trustees: Daniel Arnold (Chair & Senior Pastor) Martin Tatton Stephen Vickery
Accounts Prepared By:
Daniel Arnold
## Contents
|Objectives and Activities_(including Achievements and Performance)_
2|
|---|
|Financial Review_(including Statement of Financial Activities and Balance Sheet)_
4|
|Declaration
7|
|Notes to the Financial Statements
8|
|1. Accounting Policies . . . . . . . . . . . . . . . . . . . . . . . . . . . 8|
|2. Analysis of Income . . . . . . . . . . . . . . . . . . . . . . . . . . . 10|
|3. Analysis of Expenditure . . . . . . . . . . . . . . . . . . . . . . . . . . 10|
|4. Details of Certain Items . . . . . . . . . . . . . . . . . . . . . . . . . . 11|
|5. Grant Making
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11|
|6. Fixed Assets
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12|
|7. Movement in Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . 12|
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Trustees’ Annual Report & Accounts Year ending 31[st] July 2020
## Objectives and Activities
## Objects of the Charity
The Charity’s Objects (“the Objects”) are the advancement of Christianity for the benefit of the public in accordance with the following:
- a. to worship the Triune God (Father, Son and Holy Spirit);
- b. to show the love of Jesus Christ with all whom we encounter;
- c. to promote peace with God, others, and in oneself through the knowledge of God and the forgiveness of sins;
- d. to instruct people in Christian living, in particular through the teaching and preaching of the Word of God (The Bible);
- e. to proclaim that men and women should repent and believe in Jesus Christ as Saviour and Lord; and
- f. as we have opportunity, to do good to all, especially to those who are of the household of faith.
## - Objectives and Achievements for 2019 20
Objectives and activities for Calvary Chapel Bristol and the achievements are as follows:
- To meet regularly for the purpose of worshipping God together, praying together, reading and studying the Word of God together and fellowshipping with one another to build each other up in the Christian faith.
- This was accomplished on a weekly basis through Sunday services; and midweek home studies; where all the above activities we able to take place.
- During the COVID-19 pandemic as churches were asked to close for the heath and safety of the community – we transitioned to online services and meetings. Individuals and families suffering with their mental well-being were visited or called to help alleviate the loneliness, worry, and/or anxiety experienced due to the social and economic repercussions of government lockdowns.
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Trustees’ Annual Report & Accounts Year ending 31[st] July 2020
- To present the facts and truths of man’s need for salvation and God’s plan and provision for that salvation through the death and resurrection of His Son, Jesus Christ, to all who would hear and receive through regularly held church services and in various means of public outreach.
- This was achieved through teaching the bible during our public services on Sunday mornings as the truth about God, Jesus, and salvation was presented and opportunity for people to express their faith.
- We also had various opportunities for outreach in the community as we passed out tracts or flyers sharing the good news of the gospel and inviting people to services; particularly during the Christmas season.
- To give financial assistance, by careful and informed consideration accompanied by advice, spiritual counsel and instruction, where appropriate, to individuals in unforeseen need or hardship with the view to their own eventual sustained selfsufficiency in the climate of their surrounding economic and cultural environment.
- Donations were given as needed to individuals facing hardship or need, especially with increased economic burden due to the COVID-19 pandemic and resulting loss of income due to lockdowns.
- Honorariums given to guest speakers, and other ministers who helped support the aims of the charity.
- To intercede in prayer, according to Scripture, for those with physical, emotional and spiritual ailments and to offer Scriptural advice and instruction in the cure and prevention of such illnesses where practical.
- This was accomplished by having a weekly prayer meeting on Sunday evenings for this specific purpose.
- During the COVID-19 pandemic and the resulting lockdowns, prayer meeting was moved online, and an additional prayer meeting was added to facilitate the continued objective of corporate prayer and intercession.
- To offer and provide care, sympathy and Scriptural counsel to this in need.
- This was accomplished through various visits to hospital or homes, and/or phone calls to help provide the care and counsel needed.
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Trustees’ Annual Report & Accounts Year ending 31[st] July 2020
- All of the above activities have been accomplished in an adult-level context as well as the provision of similar instruction and opportunities in various age appropriate contexts for children through the development of a structured children’s curriculum, mostly offered simultaneous to the adult worship serviced held each Sunday morning and conducted by volunteers from among the church body.
## Financial Review
## Financial Position
The financial position of the Calvary Chapel Bristol is stable and healthy at the end of the period with total funds currently standing at £26,190. A balance of £22,780 was brought forward from previous years before we were registered as a charity.
## Reserves Policy
The Charity 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 better achieve its charitable purpose and for the continuation of the charity should it come into financial hardship. The Charity has a ‘Reserves Fund’, unrestricted in nature, of which its value must be available as a liquid asset at all times. This Reserves Fund is currently set at £10,000 which is equivalent to about six months of the charity’s average monthly expenditure.
## - Grant Making Policy
The Charity will make grants to external organisations and individuals by assessment of the Trustees through careful and informed consideration accompanied by advice, spiritual counsel and instruction, where appropriate, on the basis of need and fulfilment of the charitable activities.
## Principal Source 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.
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Trustees’ Annual Report & Accounts Year ending 31[st] July 2020
## Statement of Financial Activities
For the period ending 31[st] July 2020
## Income and Expenditure Account
|Note
Income
Voluntary Income
2
Total Income
Expenditure
Charitable Activities
3,4,5,6
Total Expenditure
Net Income (Expenditure)
Net Movement In Funds
Reconciliation of Funds
Brought Forward
Carried Forward|Unrestricted Funds
2019-20
Restricted
Funds
2019-20
Total Funds
2019-20
Prior Years
Funds
£
£
£
£
13,422
1,050
14,472
-|
|---|---|
||13,422
1,050
14,472
-
10,011
750
10,761
-|
||10,011
750
10,761
-
3,410
300
3,710
-|
||3,410
300
3,710
-
22,780
0
22,780
0|
||26,190
300
26,490
22,780|
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Trustees’ Annual Report & Accounts Year ending 31[st] July 2020
## Balance Sheet
At 31[st] July 2020
|Note
Fixed Assets
Tangible Assets
6
Total Fixed Assets
Current Assets
Cash at bank and in hand
Total Current Assets
Current Liabilities
Creditors
Total Current Liabilities
Net Current Assets
Net Assets
Funds of the Charity
Restricted Funds
Unrestricted Funds
Total Funds|Unrestricted Funds
2019-20
Restricted Funds
2019-20
Total Funds
2019-20
£
£
£
1,224
-
1,224|
|---|---|
||1,224
-
1,224
24,966
300
25,266|
||24,966
300
25,266
-
-
-|
||-
-
-
24,966
300
25,266|
||26,190
300
26,490|
||300
26,190|
||26,190
300
26,490|
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Trustees’ Annual Report & Accounts Year ending 31[st] July 2020
## Declaration
The trustees declare that they have approved the trustees’ report and accounts above.
Signed on behalf of the charity’s trustees:
Daniel Arnold Chair of Trustees 10 May 2021
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Trustees’ Annual Report & Accounts Year ending 31[st] July 2020
## Notes to the Financial Statements
For the period ending 31[st] July 2020
## 1. Accounting Policies
## General Information
Calvary Chapel Bristol is a Charitable Incorporated Organization registered in England and Wales. The registered charity number and address of the charity is given in the charity information on page 1.
## Statement of Compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), Companies Act 2006 and Charities Act 2011.
Calvary Chapel Bristol 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 Fund is not subject to any restrictions regarding its particular use and is available for general purpose of the charity.
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Trustees’ Annual Report & Accounts Year ending 31[st] July 2020
## 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 been related to expenditure, the incoming resources and related expenditure are reported gross in the SoFA
- Incoming resources from Give Aid tax reclaims are included as a lump sum when received from HMRC.
- The value of voluntary help received is not included in the accounts but is described in the trustee’s annual report.
- Investment income is included in the accounts when receivable.
## Expenditure and Liabilities
Liabilities are recongnised 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, trusted legal advice and expenditure incurred on the strategic management of the charity.
## Fixed Assets
Tangible fixed assets which cost £250 or more and used for more than one year are capitalized. They are valued at purchase 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.
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Trustees’ Annual Report & Accounts Year ending 31[st] July 2020
## 2. Analysis of Incoming Resources
||Voluntary Income
Charitable Donations
Donations from Institutions
Gift Aid
Total Voluntary Income|Unrestricted Funds
2019-20
Restricted Funds
2019-20
Total Funds
2019-20
£
£
£
7,209
-
7,209
505
1,050
1,555
5,707
-
5,707|
|---|---|---|
|||13,422
1,050
14,472|
||Total|13,422
1,050
14,472|
## 3. Analysis of Resources Expended
||Note
Charitable Activities
Mission & Ministry
Hospitality
Conferences & Retreats
Children’s Ministry Resources
Women’s Ministry Resources
Financial Gifts-Giving
5
Management & Administration
Venue Hire
Administration Expenses
Travel Expenses
4
Equipment
Equipment Depreciation
6
Total Resources Expended|Unrestricted Expenses
2019-20
Restricted Expenses
2019-20
Total Expenses
2019-20
£
178
-
178
627
-
627
272
-
272
134
-
134
5,025
-
5,025|
|---|---|---|
|||6,235
-
6,235
1,810
750
2,560
568
-
568
818
-
818
263
-
263
318
-
318|
|||3,777
750
4,526|
|||10,011
750
10,761|
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Trustees’ Annual Report & Accounts Year ending 31[st] July 2020
## 4. Details of Certain Items of Expenditure
## Trustee Expenses
No Trustee was paid for their service as a trustee. The nature of expenses incurred were for: ministry and administrative causes, exclusively and necessary for fulfilling the charity objects.
1 Trustee was paid expenses in the financial year ended 31[st] July 2020
||2019-20|
|---|---|
||£|
|Daniel Arnold|818|
|Total Trustee Expenses|818|
## 5. Financial Grant-Making
||2019-20
£
To Individuals
Honorariums
300
Benevolence and hardship
1,000
Stipend
3,725|
|---|---|
||Total
5,025|
For her capacity as Deaconess, D Arnold was renumerated £3,725 as a stipend for her ministerial role as an office-holder.
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Trustees’ Annual Report & Accounts Year ending 31[st] July 2020
## 6. Fixed Assets
||2019-20
£
Administrative & Ministry Equipment
Valuations at 19thDecember 2019
1,542
Additions
-
Disposals
-|
|---|---|
||Total Valuations at 31stJuly 2020
1,542
Value Eliminated on Disposal
-
Depreciation for theyear
318|
||Total Depreciated at 31stJuly 2020
318|
||Net Book Value
1,224|
## 7. Movement in Funds
||Fund Balances
Brought Forward
Income
Expenditure
Net Transfers
Fund Balances
Carried Forward
£
£
£
Restricted Funds
Rent Fund
-
1,050
750
-
300
Unrestricted Funds
General Fund
22,780
13,422
10,011
-
26,190|
|---|---|
||Total Funds
22,780
14,472
10,751
-
26,490|
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