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2023-07-31-accounts

Calvary Bristol Annual Report & Accounts Year Ended 31 st July | 2023

Calvary Chapel Bristol

Annual Report and Accounts

Objectives and Achievements 2
Financial Review 4
Plans for Future Periods 5
Structure, Governance and Management 5
Reference and Administrative Details 5
Statements of Financial Activities 7
Balance Sheet 8
Summary Income and Expenditure Account 9
Notes to the Financial Statements
1. Accounting Policies 10
2. Analysis of Income 12
3. Donated Goods, Facilities and Services 12
4. Analysis of Expenditure 13
5. Trustee Expenses 14
6. Independent Examiner Remuneration 14
7. Grant-making Activities 15
8. Staff Costs, Employee Benefits and Trustee Remuneration 16
9. Fixed Assets 17
10. Debtors 18
11. Creditors 18
12. Summary of the Assets and Liabilities of each Category of Fund 19
13. Movement in Funds 20
14. Related Party Transactions 21

CALVARY CHAPEL BRISTOL Year Ended 31st Jul 2023

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:

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

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 Jul 2023

• Public services were held weekly on Sundays throughout the year to meet the spiritual, emotional and physical needs of those in our community through teaching the truths about God, Jesus, and salvation as revealed in scripture, and for people to freely express their faith through prayer, worship and fellowship. We’ve had consistent and continued attendance of our congregants as well as various visitors throughout the year.

• Ongoing ministry throughout the week to individuals and families was supported with prayer meetings and bible studies to maintain fellowship and encouragement of which a majority of our congregants are engaged in.

• Visits to hospitals and homes, and phone calls to individuals and families were made throughout the year to offer and provide care, sympathy, encouragement, counsel and practical help for those as needed.

• Donations and honorariums were made to persons and organisations throughout the world. The church encourages an outward looking heart, and supports members of the congregation who areReturn to Contents

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CALVARY CHAPEL BRISTOL Year Ended 31st Jul 2023

involved in charitable projects that are in line with our own aims and objectives. We’ve given financial support to guest speakers, missionaries and other ministers who have helped support the aims of the charity.

• In accordance with scripture, public baptismal services took place for those individuals who committed themselves to following the principles and precepts of God as they publicly declared and gave testimony to their decision to follow the tenets of Christianity.

• 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 services held each Sunday morning and conducted by volunteers from among the church body.

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. Over the course of the year we have had others leave for various reasons.

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CALVARY CHAPEL BRISTOL Year Ended 31st Jul 2023

Financial Review

Financial Position

The Charity’s primary source of funds is from free-will offerings received from those regularly attending the Sunday as well as various other supporters sympathetic to the objectives of the Charity and the ministries it supports.

The Charity’s expenditures were primarily for providing premises for its main Sunday meetings and resources to aid in worship and Bible study during the main and supplemental meetings.

There were no significant events that have affected the financial performance and position of the charity during the supporting period.

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.

Spending and Reimbursement Policy

All money spent from someone’s own personal account with the intention of being reimbursed by the church, must either be by a trustee, or under the direction of/agreed by a trustee.

If a trustee is planning to spend over £500 for the charity, this must also be approved by at least one other trustee.

Principal Sources of Funding

The charity’s principal source of funds is from voluntary donations received from those regularly attending the Sunday services as well as various other supporters of the objectives of the charity.

Plans For Future Periods

The charity plans to continue with its current objectives in the future by continuing with providing the public with opportunities to worship as stated above in our activities.

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CALVARY CHAPEL BRISTOL Year Ended 31st Jul 2023

Structure, Governance and Management

Constitution, administration and decision making

Calvary Chapel Bristol is a ‘Charitable Incorporated Organisation’ registered on 19th December 2019, and is managed by a board of Trustees who have oversight of the activities and expenditure of the charity in accordance with our constitution, current legislation and good practice. The Trustees conduct the administration and ensure accountability and transparency in the administration of the charity in its oversight to ensure it meets the charities stated objectives. The Trustees and Leadership meet regularly, at which a standing agenda is maintained and reports are given on every aspect of the church's work, with minutes being maintained for these meetings.

Method of appointment or election of trustees

The charity appoints new trustees on the recommendations of existing members and is followed by a selection process for trustees with the appropriate skills and expertise. Appointments are normally for a two-year period, with the option for re-appointment.

All new trustees of the charity undergo induction to familiarise themselves with the aims and work of the charity, and to ensure they understand fully their responsibilities as trustees and the organisational expectations in terms of their commitment. As part of the induction programme, trustees are provided with constitutional, governance, financial and organisational documentation. Trustees receive regular updates and are made aware of relevant events and training opportunities. Trustees are encouraged to get to know our congregation.

The management of the charity is the responsibility of the Trustees who are appointed under the terms as set out in our constitution.

Reference and Administrative Details

Trustees Daniel Arnold (Chair) 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

Bliss Accounts

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Accounts Prepared By Return to Contents

CALVARY CHAPEL BRISTOL Year Ended 31st Jul 2023

Declaration

The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees:

Daniel Arnold (Chair) 13/05/2024

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CALVARY CHAPEL BRISTOL Year Ended 31st Jul 2023

Statement of Financial Activities

For the Year Ended 31st Jul 2023

Note
Income
Donations and Legacies
2
Charitable Activities
Other Trading Activites
Investments
2
Other Income
2
Total Income
Expenditure
Raising Funds
Charitable Activities
4-9
Total Expenditure
Net Income (Expenditure)
Net Movement in Funds
Reconciliation of Funds
12-13
Total Funds b/fwd
Total Funds c/fwd		 Unrestricted
Funds
2023
Restricted
Funds
2023
Total
Funds
2023
Total
Funds
2022
30,977
30,977
28,969
1,426
-
1,426
-
-
-
-
-
-
-
-
-
18
-
18
3
32,421
32,421
28,972
-
-
-
-
(32,526)
-
(32,526)
(29,661)
(32,526)
-
(32,526)
(29,661)
(105)
-
(105)
(689)
(105)
-
(105)
(689)
31,969
-
31,969
32,658
31,865
-
31,865
31,969

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CALVARY CHAPEL BRISTOL Year Ended 31st Jul 2023

Balance Sheet

Balance Sheet
At 31st Jul 2023
2023
Note
£
£
£
Fixed Assets
Tangible Assets
9
678
Current Assets
Debtors
10
4,148
3,798
Cash in Bank and in Hand
28,189
27,212
Total Current Assets
32,337
Liabilities
Creditors: Amount falling
due within one year
11
(1,151)
(264)
Net Current Assets
31,186
Net Assets
31,865
The Funds of the Charity
12-13
Unrestricted Funds
31,865
Restricted Funds
-
Total Funds
31,865		 2022
£
1,223
31,010
30,746
31,969
31,969
-
31,969

These financial statements were approved by the board of trustees and signed on their behalf on 13/05/2024

Signed on behalf of the Charity Trustees: Daniel Arnold (Chair)

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CALVARY CHAPEL BRISTOL Year Ended 31st Jul 2023

Summary Income and Expenditure Account

For the Year Ended 31st Jul 2023

Income
Gains/(losses) on Investments
Interest and Investment Income
Gross Income in the Reporting Period
Expenditure
Interest Payable
Depreciation and charges for the impairment of Fixed Assets
Total Expenditure in the Reporting Period
Net Income (Expenditure) before tax
Tax Payable
Net Income (Expenditure) for the financial year		 2023
£
32,421
-
-
32,421
31,982
-
544
32,527
(105)
-
(105)		 2022
£
28,972
-
-
28,972
28,787
-
874
29,661
(689)
-
(689)

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CALVARY CHAPEL BRISTOL Year Ended 31st Jul 2023

Notes to the Financial Statements

For the Year Ended 31st Jul 2023

1. Accounting Policies

General Information

Calvary Chapel Bristol 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 page 6.

Statement of Compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and 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

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CALVARY CHAPEL BRISTOL Year Ended 31st Jul 2023

Notes to the Financial Statements - Continued

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

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CALVARY CHAPEL BRISTOL Year Ended 31st Jul 2023

Notes to the Financial Statements - Continued

2. Analysis of Income

2. Analysis of Income 2. Analysis of Income
2023
Unrestricted
Funds
Restricted
Funds
Total
Funds
Donations and Legacies
Freewill Offerings
24,937
-
24,937
Freewill Offerings from Outside the UK
2,147
-
2,147
Tax Recoverable - Gift Aid
3,893
-
3,893
Hall Hire Grant
-
-
-
30,977
-
30,977
Charitable Activities
Conferences and Retreats
1,426
-
1,426
Other Income
HMRC Gift Aid Interest
6
-
6
Amazon Charity Support
12
-
12
18
-
18
Total
32,421
-
32,421
3. Donated Goods, Facilities and Services
Donated Goods
Donated Facilities
Number of Unpaid General Volunteers
Church Services - Hospitality and Operations
Church Services - Childrens Ministry
Mid-week group - Leaders
Leadership Team - Leaders		 2022
Unrestricted
Funds
Restricted
Funds
Total
Funds
23,812
-
23,812
930
-
930
3,627
-
3,627
-
600
600
28,369 600
28,969
-
3
-		 -
-
-
3
-
-
3 -
3
28,372 600
28,972
2023
£
-
-
-
2023
5
10
1
3		 2022
£
-
-
-
2022
5
8
1
2
19 16

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CALVARY CHAPEL BRISTOL Year Ended 31st Jul 2023

Notes to the Financial Statements - Continued

4. Analysis of Expenditure

Expenditure on Charitable Activities - Activities Undertaken Directly

Note
Mission and Ministry
Discipleship and Outreach
Hospitality - Supplies - Gifts
IT - Media - Music
Retreats and Conferences
5
Honorarium
Pastoral Services Ministry Support
Travel
Other Ministry Expenditure
Training and Resources
Property, Mangement and Administration
Rent and Utilities
Fixed Asset Depreciation
9
Insurance
Office Costs and Postage
Bank Charges and Paypal Fees
Other Admin Expenditure		 2023
£
611
1,724
643
7,279
350
6,900
2,722
58
-
8,320
544
206
188
120
-
29,665		 2022
£
1,407
2,099
569
1,727
1,400
9,883
943
2
9
8,255
874
203
72
30
68
27,541

Expenditure on Charitable Activities - Grant Funding of Activities

Expenditure on Charitable Activities - Grant Funding of Activities
2023
Note
£
Grants Payable
7
1,800
Expenditure on Charitable Activities - Support Costs
2023
Note
£
Discipleship and Outreach - Support Costs
712
Hospitality, Supplies and Gifts - Support Costs
-
Accountancy
208
Independent Examination
6,11
140
1,060
TOTAL Expenditure
32,525		 2022
£
1,050
2022
£
545
24
372
130
1,071
29,661

TOTAL Expenditure

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CALVARY CHAPEL BRISTOL Year Ended 31st Jul 2023

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

1 Trustees was paid expenses in the financial year ended 31st Jul 2023

1 Trustees was paid expenses in the financial year ended 31st Jul 2022

Trustee Expenses
D Arnold Trip to Israel with CCUK
Travel
Conferences		 2023
£
1,879
842
203
2,925		 2022
£
943
719
1,670

6. Independent Examiner's Remuneration

Independent Examiner Fees 2023
£
140		 2022
£
130

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CALVARY CHAPEL BRISTOL Year Ended 31st Jul 2023

Notes to the Financial Statements - Continued

7. Grant-making Activities

Resourcing Mission and Ministry in accordance with the Charity Objects:

Grants Made to Institutions
Grants Made to Individuals
S. Martinez Missionary Support
Total		 2023
£
-
1,800
1,800		 2022
£
-
1,050
1,050

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CALVARY CHAPEL BRISTOL Year Ended 31st Jul 2023

Notes to the Financial Statements - Continued

8. Staff Costs, Employee Benefits and Trustee Rumuneration

2023
Average number of staff employeed during the reporting period
-
£
Staff Costs and Employee Benefits
Pastoral Services - Ministry Support Pay
6,900
Employer's Social Security Costs
-
Employer's Contribution to Pension Schemes
-
Other Employee Benefits
-
6,900		 2022
-
£
9,883
-
-
-
9,883

No employees received employee benefits more than £60,000

By provision of the charity's Governing Document, Daniel Arnold was remunerated £2,924 in personal expenses (£1,670 personal expenses in 2022). Debbie Arnold is not an employee of Calvary Chapel Bristol and handles her taxation through self-assessment. There were no pension contributions made

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CALVARY CHAPEL BRISTOL Year Ended 31st Jul 2023

Notes to the Financial Statements - Continued

9. Fixed Assets

Cost or Valuation
At 1st Aug 2022
Additions
Disposals
Revaluations
Transfers
At 31st Jul 2023
Depreciation and Impairments
At 1st Aug 2022
Disposals
Depreciation
Impairment
Transfers
At 31st Jul 2023
Net Book Value at 1st Aug 2022
Net Book Value at 31st Jul 2023		 Fixtures, Fittings and
Equipment
Ministry
Equipment
Building
Improvements
Total
£
£
£
3,751
-
3,751
-
-
-
-
-
-
-
-
-
-
-
-
3,751
-
3,751
2,529
-
2,529
-
-
-
544
-
544
-
-
-
-
-
-
3,073
-
3,073
1,223
-
1,223
678
-
678

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CALVARY CHAPEL BRISTOL Year Ended 31st Jul 2023

Notes to the Financial Statements - Continued

10. Debtors

Prepayments and Accrued Income
Insurance
Christian Copyright
Amazon Prime Subscription
IT, Media and Music
Other Debtors
Tax Recoverable - Gift Aid
Total
11. Creditors
Other Creditors
Building Rental
Independent Examination
Accounting
Hospitality, Supplies and Gifts
Total		 2023
£
56
119
80
-
255
3,893
4,148
2023
£
800
270†
81
-
1,151
1,151		 2022
£
57
-
98
16
171
3,627
3,798
2022
£
-
130
89
45
264
264

†The Independent Examination fee for the accounts for the Year Ended 31st July 2022 (YE2022) were not paid in the Year Ended 31st July 2023 (YE2023) so the 2023 figure includes both YE2022 and YE2023 fees

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CALVARY CHAPEL BRISTOL Year Ended 31st Jul 2023

Notes to the Financial Statements - Continued

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

Tangible Fixed Assets
Intangible Assets
Current Assets
Debtors
Creditors: Amounts falling due within one year		 2023
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
678
-
678
-
-
-
28,190
-
28,190
4,148
-
4,148
(1,151)
-
(1,151)
31,865
-
31,865
Tangible Fixed Assets
Intangible Assets
Current Assets
Debtors
Creditors: Amounts falling due within one year		 2022
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
1,223
-
1,223
-
-
-
27,212
-
27,212
3,789
-
3,789
(264)
-
(264)
31,969
-
31,969

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CALVARY CHAPEL BRISTOL Year Ended 31st Jul 2023

Notes to the Financial Statements - Continued

13. Movement in Funds

Unrestricted Funds
General Fund
Total Funds		 Fund
Balances
Brought
Forward
Income
Expenditure
Net
Transfers
Fund
Balances
Carried
Forward
£
£
£
£
£
31,969
32,421
(32,525)
-
31,865
31,969
32,421
(32,525)
-
31,865

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CALVARY CHAPEL BRISTOL Year Ended 31st Jul 2023

Notes to the Financial Statements - Continued

14. Related Party Transactions

Income

Income from donations and legacies include £1,475 received from Trustees

Expenditure

Related party transactions are disclosed in note 5. 'Trustee Expenses' and note 8. 'Staff Costs, Employee Benefits and Trustees Remuneration'

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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinevs Report Report to the trusteesl members of Calvary Chapel Bristol On accounts for the year ended 31. July 2023 Charity no (if any) 1187056 Set out on pages I report to the trustees on my examination of the accounts of the above charity ltthe Trust") for the year ended 3110712023. 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 (Ihe Act"}. I report in respect of my examination of the Trust's accounls carried out under section 145 ofthe 2011 Act and in carrying out my examinalion, I have followed the applicable Directions given by the Charity Commission under section 145{5)Ib) of the Act. I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any malerial respect- accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete Ihe words in the brackets if Ihey do not apply. Signed: Date: 2710312024 Name: Michelle Hook Relevant professional qualification{s} or body {if any): NIA Address: 35 Treeve Lane, Connor Downs. Hayle. Cornwall TR27 5DQ Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32. Independent examination of charity accounts.. directions and guidance for examiners). IER October 2018

Glve here brlef detalls of any items that the examiner wlshes to dlsclose. NothlNJ to rep￿t IER October 2018