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2022-07-31-accounts

Calvary Bristol Annual Report & Accounts Year Ended 31 st July | 2022

Calvary Chapel Bristol

Also known as “Calvary Bristol” and “CC Bristol”

Trustees Daniel Arnold (Chairman)
Martin Tatton
Stephen Vickery
Pastors
Daniel Arnold
Governing Document CIO - Foundation Constitution
Registered 19th December 2019
Registered Charity Number 1187056
Charity Principle Address 157 Birchwood Road
Bristol
BS4 4RB
Accounts Prepared By Bliss Accounts

CALVARY CHAPEL BRISTOL Annual Report - Year Ended 31st July 2022

Contents

Objectives and Achievements 2
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 Benefts and Trustees Remuneration 13
9. Fixed Assets 14
10. Debtors 15
11. Creditors 15
12. Summary of the Assets and Liabilities of each Category of Fund 16
13. Movement in Funds 17
14. Related Party Transactions 18

1

CALVARY CHAPEL BRISTOL Annual Report - Year Ended 31st July 2022

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:

Activities of the Charity

The activities undertaken by Calvary Chapel Bristol during the year in order to meet the objects of the charity, and in accordance with Section 4 of the Charities Act 2006 having due regard for the Charity Commission's guidance on public benefit, included:

Achievements and Performance, Year Ended 31st July 2022

2

CALVARY CHAPEL BRISTOL Annual Report - Year Ended 31st July 2022

Over the course of the year, we have seen growth as new individuals and families have joined the church, committed to following the tenets of the faith, been baptised and have become faithful members of the congregation.

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CALVARY CHAPEL BRISTOL Annual Report - Year Ended 31st July 2022

Financial Review

Financial Position

The financial position of the church continues to remain strong and healthy. There has been an increase both in our income and our expenditure. The income has increased due to the growth of the church over the course of the year, while the expenditure has increased substantially due to services being held in-person compared to last year where online services took place due to the lockdowns of the coronavirus pandemic. The increased costs were mostly attributed to the hire of the venue, and the hospitality costs in providing meaningful and welcoming fellowship for those attending our services. Despite the significant increase in expenditure our carry forward balance has remained on par with the previous financial year. Our carried forward balance this year is £31,969 compared with £32,658 in 2021.

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

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 objects and for the continuation of the charity should it come into financial hardship. The charity is to hold reserves of liquid, current assets at £10,000, which is equivalent to six months 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. 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:

Daniel Arnold (Chairman) Date: 17/04/2023

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CALVARY CHAPEL BRISTOL Annual Report - Year Ended 31st July 2022

Statement of Financial Activities

For the Year End Ended 31st July 2022

Unrestricted Restricted Total Total
Funds Funds Funds Funds
Note 2022 2022 2022 2021
Income
Donations and Legacies 2 28,369 600 28,969 23,260
Charitable Activities - - - -
Other Trading Activities - - - -
Investments - - - -
Other Income 2 3 - 3 -
Total Income 28,372 600 28,972 23,260
Expenditure
Raising Funds - - - -
Charitable Activities 4 29,061 600 29,661 17,092
Total Expenditure 29,061 600 29,661 17,092
Net Income (Expenditure) (689) - (689) 6,168
Net Movement in Funds (689) - (689) 6,168
Reconciliation of Funds 12-13
Total Funds b/fwd 32,658 - 32,658 26,490
Total Funds c/fwd 31,969 - 31,969 32,658

5

CALVARY CHAPEL BRISTOL Annual Report - Year Ended 31st July 2022

Balance Sheet

At 31st July 2022

2022 2021
Note £ £ £ £
Fixed Assets
Tangible Assets 9 1,223 1,772
Current Assets
Debtors 10 3,798 1,308
Cash in Bank and in Hand 27,212 30,918
Total Current Assets 31,010 32,226
Liabilities
Creditors: Amount falling due within one
year
11 (264) (1,340)
Net Current Assets 30,746 30,886
Net Assets 31,969 32,658
The Funds of the Charity 12-13
Unrestricted Funds 31,969 32,658
Restricted Funds - -
Total Funds 31,969 32,658

These financial statements were approved by the board of trustees and signed on their behalf, on 17/04/2023

Signed on behalf of the charity’s trustees: Daniel Arnold (Chair)

6

CALVARY CHAPEL BRISTOL Annual Report - Year Ended 31st July 2022

Statement of Cash Flows

For the Year Ended 31st July 2022

2022 2021
£ £
Cash fows from Operating Activities
Net cash provided by (used in) Operating Activities (3,381) 6,901
(see Note 1)
Cash fows from Investment Activities
Interest on cash deposits - -
Capital Expenditure
Fixed Asset Additions (325) (1,249)
Net cash infow/(outfow) for the year (3,706) 5,652
Cash and Cash Equivalents at 1 August 2021 30,918 25,266
Cash and Cash Equivalents at 31 July 2022 27,212 30,918
2022 2021
£ £
Note 1. Reconciliation of net Income/(Expenditure)
(as per Statement of fnancial Activities)
Net Income/(Expenditure) (689) 6,168
Adjustments For:
Depreciation Charges 874 701
Interest on investments - -
(Increase)/decrease in debtors (2,490) (1,308)
Increase/(decrease) in liabilities (1,076) 1,340
(3,381) 6,901

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CALVARY CHAPEL BRISTOL Annual Report - Year Ended 31st July 2022

Notes to the Financial Statements

For the Year End Ended 31st July 2022

1. Accounting Policies

General Information

Calvary Chapel Bristol is a Charitable Incorporated Organisation 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 2019), 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 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

8

CALVARY CHAPEL BRISTOL Annual Report - Year Ended 31st July 2022

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 £250 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

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CALVARY CHAPEL BRISTOL Annual Report - Year Ended 31st July 2022

Notes to the Financial Statements - Continued

2. Analysis of Income

2022 2022 2022 2022 2022 2022 2021 2021 2021
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
£ £ £ £ £ £
Donations and Legacies
Freewill Offerings 23,812 - 23,812 16,542 - 16,542
Freewill Offerings from Outside
the UK
930 930 777 - 777
Tax Recoverable - Gift Aid 3,627 - 3,627 4,141 - 4,141
Hall Hire Grant 600 600 - 1,800 1,800
28,369 600 28,969 21,460 1,800 23,260
Investment Income
Bank Interest - - - - - -
Other Income
HMRC Gift Aid Interest 3 - 3 - - -
Total 28,372 600 28,972 21,460 1,800 23,260
3. Donated Goods, Facilities and Services
2022
2021
£
£
Donated Goods
-
-
Donated Facilities
-
-
-
-
Number of Unpaid General Volunteers
2022
2021
Church Services - Hospitalityand Operations
5
5
Church Services - Children's Ministry
8
9
Mid-week Group- Leaders
1
1
LeadershipTeam - Leaders
2
-
16
15
2022 2021
£ £
Donated Goods - -
Donated Facilities - -
- -
Number of Unpaid General Volunteers 2022 2021
Church Services - Hospitalityand Operations 5 5
Church Services - Children's Ministry 8 9
Mid-week Group- Leaders 1 1
LeadershipTeam - Leaders 2 -
16 15

10

CALVARY CHAPEL BRISTOL Annual Report - Year Ended 31st July 2022

Notes to the Financial Statements - Continued

4. Analysis of Expenditure on Charitable Activities

2022 2022 2022 2022 2021 2021 2021 2021
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 1,407 - 545 1,951 1033 - - 1,033
Hospitality, Supplies and Gifts 2,099 - 24 2,123 684 - - 684
Grants payable - Individuals 7 - 1,050 - 1,050 - - - -
Grants payable - Organisations 7 - - - - - - - -
Training and Resources 5 8 - - 8 31 - - 31
Conferences and Retreats 5 1,727 - - 1,727 270 - - 270
Honorarium 1,400 - - 1,400 150 - - 150
Pastoral Services Ministry Support 8 9,883 - - 9,883 6,900 - - 6,900
Travel 5 943 - - 943 - - - -
Other Ministry Expenditure 2 - - 2 2 - - 2
17,469 1,050 569 19,087 9,070 - - 9,070
Property, Management and Administration
Fixed Asset Depreciation 9 875 - - 875 700 - - 700
Insurance 203 - - 203 142 - - 142

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CALVARY CHAPEL BRISTOL Annual Report - Year Ended 31st July 2022

Notes to the Financial Statements - Continued

IT, Media and Music 569 - - 569 1,192 - - 1,192
Bank and Paypal Charges 30 - - 30 - - - -
Building Hire 8,255 - - 8,255 5,808 - - 5,808
Other Admin Expenditure 68 - - 68 100 - - 100
Offce Supplies and Postage 72 - - 72 - - - -
Accounting - - 372 372 - - 80 80
Independent Examination 6 - - 130 130 - - - -
10,072 - 502 10,574 7,942 - 80 8,022
27,541 1,050 1,071 29,661 17,012 - 80 17,092

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CALVARY CHAPEL BRISTOL Annual Report - Year Ended 31st July 2022

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 subsistencecauses, exclusively and necessary for fulflling the charity objects
No trustee was paid for their service as a trustee. The nature of expenses incurred were for:ministry,
administrative and subsistencecauses, exclusively and necessary for fulflling the charity objects
No trustee was paid for their service as a trustee. The nature of expenses incurred were for:ministry,
administrative and subsistencecauses, exclusively and necessary for fulflling the charity objects
No trustee was paid for their service as a trustee. The nature of expenses incurred were for:ministry,
administrative and subsistencecauses, exclusively and necessary for fulflling the charity objects
No trustee was paid for their service as a trustee. The nature of expenses incurred were for:ministry,
administrative and subsistencecauses, exclusively and necessary for fulflling the charity objects
No trustee was paid for their service as a trustee. The nature of expenses incurred were for:ministry,
administrative and subsistencecauses, exclusively and necessary for fulflling the charity objects
No trustee was paid for their service as a trustee. The nature of expenses incurred were for:ministry,
administrative and subsistencecauses, exclusively and necessary for fulflling the charity objects
No trustee was paid for their service as a trustee. The nature of expenses incurred were for:ministry,
administrative and subsistencecauses, exclusively and necessary for fulflling the charity objects
1 Trustee was paid expenses in the fnancial year ended 31st July 2022
1 Trustee was paid expenses in the financial year ended 31st July 2021
2022 2021
£ £
Trustee Expenses
Travel 943 -
Conferences 719 271
Training and Resources 8 30
Food and Supplies - 261
1,670 562
6. Independent Examiner's Remuneration
2022 2021
£ £
Independent Examiner’s Fees 130 -
7. Grant-making Activities
2022 2021
£ £
Grants made to Institutions
Resourcing mission and ministry in accordance with the Charity Objects:
- -
Grants made to Individuals
Resourcing mission and ministry in accordance with the Charity Objects:
Missionary Support 1,050 -
Total 1,050 -

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CALVARY CHAPEL BRISTOL Annual Report - Year Ended 31st July 2022

Notes to the Financial Statements - Continued

8. Staff Costs, Employee Benefits and Trustees Remuneration

2022 2021
£ £
Staff Costs and Employee Benefts
Pastoral Services - Ministry Support Pay 9,883 6,900
Employer's Social Security Costs - -
Employer's Contribution to Pension Schemes - -
Other Employee Benefts - -
9,883 6,900
No employees received employee benefts of more than £60,000
By provision of the charity's Governing Document, in his capacity as pastor, D. Arnold was remunerated
£9,883 with £1,670 in personal expenses (£6,900 and £562 personal expenses in 2021). This ministry support
payment was in relation to their ministerial role, and not their trustee role. D. Arnold is not an employee of
Calvary Chapel Bristol and handles his taxation through self-assessment. There were no pension
contributions made.

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CALVARY CHAPEL BRISTOL Annual Report - Year Ended 31st July 2022

Notes to the Financial Statements - Continued

9. Fixed Assets

Fixtures,
Fittings and
Equipment
Ministry
Equipment Total
£ £
Cost or Valuation
At 1 Aug 2021 3,426 3,426
Additions 325 325
Disposals - -
Revaluations - -
Transfers - -
At 31 Jul 2022 3,751 3,751
Depreciation and Impairments
At 1 Aug 2021 1,654 1,654
Disposals - -
Depreciation 874 874
Impairment - -
Transfers - -
At 31 Jul 2022 2,528 2,528
Net Book Value at 1 Aug 2021 1,772 1,772
Net Book Value at 31 Jul 2022 1,223 1,223

15

CALVARY CHAPEL BRISTOL Annual Report - Year Ended 31st July 2022

Notes to the Financial Statements - Continued

10. Debtors

2022 2021
£ £
Prepayments and Accrued Income
Insurance 57 55
IT, Media and Music 16 -
Hospitality, Supplies and Gifts 98 -
171 55
Other Debtors
Tax Recoverable - Gift Aid 3,627 1,253
Total 3,798 1,308

11. Creditors

2022 2021
£ £
Other Creditors
Accounting 89 60
Independent Examiner 130 -
Hospitality, Supplies and Gifts 45 -
Building rental - 1,280
264 1,340
Total 264 1,340

16

CALVARY CHAPEL BRISTOL Annual Report - Year Ended 31st July 2022

Notes to the Financial Statements - Continued

12. Summary of the Assets and Liabilities of each Category of Fund

2022 2022 2022 2021 2021 2021
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
£ £ £ £ £ £
Tangible Fixed Assets 1,223 - 1,223 1,772 - 1,772
Intangible Assets - - - - - -
Current Assets 27,212 - 27,212 30,918 - 30,918
Debtors 3,798 - 3,798 1,308 - 1,308
Creditors: Amounts falling due within one year (264) - (264) (1,340) - (1,340)
31,969 - 31,969 32,658 - 32,658

17

CALVARY CHAPEL BRISTOL Annual Report - Year Ended 31st July 2022

Notes to the Financial Statements - Continued

13. Movement in Funds

13. Movement in Funds
Fund Fund
Balances Balances
Brought Net Carried
Forward Income Expenditure Transfers Forward
£ £ £ £ £
Unrestricted Funds
General Fund
32,658 28,372 (29,061) - 31,969
Restricted Funds
Venue Hire Fund
- 600 (600) - -
Total Funds 32,658 28,972 (29,661) - 31,969

18

CALVARY CHAPEL BRISTOL Annual Report - Year Ended 31st July 2022

Notes to the Financial Statements - Continued

14. Related Party Transactions

Except as disclosed in note 5. 'Trustee Expenses' and note 8. 'Staff Costs, Employee Benefits and Trustees Remuneration', there have been no other transactions with related parties during the year.

Income from donations and legacies includes £1,312 (2021 - £1,200) received from related parties (which includes trustees, any other members of key management and anyone closely connected to them).

19

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Calvary Chapel Bristol On accounts for the year ended 31. July 2022 Charity no (if any) 1187056 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 3110712022. 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 the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145151(b} of the Act. I have completed my examination. I confimi that no material matters have come lo my attention in connection with the examination which gives me cause to believe that in. any material respect.. accounting records were not kept in accordan￿ with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's ststement 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 lo be reached. Please delele the words in the braGkets if they do not apply. Signed: Date: 10" May 2023 Name". Michelle Hook Relevant professional qualificationls) 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

Give here brlef détalls of any Items that the examln8r wlshes to disclose. Nothuvj to reFxyt IER October 2018