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2024-07-31-accounts

Calvary Bristol Annual Report & Accounts Year Ended 31 st July | 2024

Calvary Chapel Bristol

Annual Report and Accounts

Year Ended 31[st] July 2024

Objectives and Achievements .............................................................................................................. 2 Financial Review .................................................................................................................................... 3 Plans For Future Periods ...................................................................................................................... 4 Structure, Governance and Management ........................................................................................... 4 Reference and Administrative Details ................................................................................................. 6 Statement of Financial Activities ......................................................................................................... 7 Balance Sheet......................................................................................................................................... 8 Summary Income and Expenditure Account ...................................................................................... 9 Notes to the Financial Statements ..................................................................................................... 10 1. Accounting Policies ....................................................................................................................... 10 2. Analysis of Income ........................................................................................................................ 12 3. Donated Goods, Facilities and Services ....................................................................................... 12 4. Analysis of Expenditure on Charitable Activities ........................................................................... 13 5. Trustee Expenses .......................................................................................................................... 14 6. Independent Examination .............................................................................................................. 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

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CALVARY CHAPEL BRISTOL Annual Report – Year Ended 31[st] Jul 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:

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:

In February 2024 the church moved locations from Cathedral Primary School, College Square, Bristol, BS1 5TS to Turnaround Centre, Lincoln Street, Bristol BS5 0BJ a location more advantageous to the community we serve.

Achievements and Performance, Year Ended 31[st] Jul 2024

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. The church continues to achieve the purposes and meet the performance expectations we have set for the goals of the charity through the following activities:

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CALVARY CHAPEL BRISTOL Annual Report – Year Ended 31[st] Jul 2024

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, and continues to operate consistently in line with projected income and expenditure from previous years.

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.

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CALVARY CHAPEL BRISTOL Annual Report – Year Ended 31[st] Jul 2024

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 £1,000 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.

Declaration

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

Daniel Arnold (Chair)

Date: 15/03/2025

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.

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.

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CALVARY CHAPEL BRISTOL Annual Report – Year Ended 31[st] Jul 2024

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.

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CALVARY CHAPEL BRISTOL Annual Report – Year Ended 31[st] Jul 2024

Reference and Administrative Details

Other Names:

Calvary Bristol

Trustees:

Daniel Arnold (Chair) Martin Tatton Stephen Vickery

Pastors: Daniel Arnold

Governing Document: CIO - Foundation Constitution Registered 19th December 2019

Registered Charity 1187056 Number:

Charity Principal Address: 2 Atkins Close Bristol BS14 8JS Accounts Prepared By: Bliss Accounts

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CALVARY CHAPEL BRISTOL Annual Report – Year Ended 31[st] Jul 2024

Statement of Financial Activities

For the Year Ended 31[st] July 2024



Note
Income
Donations and Legacies
2
Charitable Activities
Other Trading Activities
Investments
2
Other Income
2
Total Income

Expenditure
Raising Funds
Charitable Activities
4-9
Total Expenditure

Net Income (Expenditure)
Transfers between Funds
Net Movement in Funds

Reconciliation of Funds
12-13
Total Funds b/fwd
Total Funds c/fwd
Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
2024
2024
2024
2023
27,860
-
27,860
30,977
-
-
-
1,426
-
-
-
-
-
-
-
-
85
-
85
18
27,945
-
27,945
32,421
-
-
-
-
(27,671)
-
(27,671)
(32,525)
(27,671)
-
(27,671)
(32,525)
274
-
274
(104)
-
-
-
-
274
-
274
(104)
31,865
-
31,865
31,969
32,139
-
32,139
31,865

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CALVARY CHAPEL BRISTOL Annual Report – Year Ended 31[st] Jul 2024

Balance Sheet

At 31[st] July 2024

Note
Fixed Assets
Tangible Assets
9
Current Assets
Debtors
Cash in Bank and in Hand
Total Current Assets
Liabilities
Creditors: Amount falling
due within one year
11
Net Current Assets
Net Assets
The Funds of the Charity
12-13
Unrestricted Funds
Restricted Funds
Total Funds
3,166
31,524
2024
1,607
34,690
30,532
32,139
32,139
-
32,139
4,148
28,190
2023
678
32,338
31,187
(4,158) (1,151)
31,865
31,865
-
31,865

These Financial Statements were approved by the board of trustees and signed on their behalf on 15/03/2025.

Daniel Arnold (Chair)

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CALVARY CHAPEL BRISTOL Annual Report – Year Ended 31[st] Jul 2024

Summary Income and Expenditure Account

For the Year Ended 31[st] July 2024

Income
Gains/(losses) on Investments
Interest and Investment Income
Gross Income in the Reporting Period
Expenditure
Interest Payable
Depreciation and charges for impairment of Fixed Assets
Total Expenditure in Reporting Period
Net Income (Expenditure) before tax
Tax Payable
Net Income (Expenditure) for the financial year
2024
27,945
-
-
27,945
(26,837)
-
(834)
(27,671)
274
-
274
2023
32,421
-
-
32,421
(31,982)
-
(544)
(32,526)
(105)
-
(105)

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CALVARY CHAPEL BRISTOL Annual Report – Year Ended 31[st] Jul 2024

Notes to the Financial Statements

For the Year Ended 31[st] Dec 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 Reference and Administrative Details.

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 The 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.

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.

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CALVARY CHAPEL BRISTOL Annual Report – Year Ended 31[st] Jul 2024

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, trustee legal advice and expenditure incurred on the strategic management of the charity.

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 Annual Report – Year Ended 31[st] Jul 2024

Notes to the Financial Statements - Continued

2. Analysis of Income

Donations and Legacies
Freewill Offerings
Freewill Offerings from Outside the
UK
Tax Recoverable - Gift Aid


Charitable Activities
Conferences and Retreats

Other Income
HMRC Gift Aid Interest
Amazon Charity Support


Total
2024
Unrestricted
Restricted
Total
Funds
Funds
Funds
22,739
- 22,739
2,300
-
2,300
2,821
-
2,821
27,860
- 27,860
-
-
-
85
-
85
-
-
-
85
-
85
27,945
- 27,945
2023
Unrestricted
Restricted
Total
Funds
Funds
Funds
24,937
- 24,937
2,147
-
2,147
3,893
-
3,893
30,977
- 30,977
1,426
-
1,426
6
-
6
12
-
12
18
-
18
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 - Children's Ministry
Mid-week group - Leaders
Leadership Team - Leaders
2024
£
-
-
-
5
13
-
2
20
2023
£
-
-
-
5
10
1
3
19

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CALVARY CHAPEL BRISTOL Annual Report – Year Ended 31[st] Jul 2024

Notes to the Financial Statements - Continued

4. Analysis of Expenditure on Charitable Activities

Note
Mission and Ministry
Discipleship and Outreach
Hospitality, Supplies, Gifts
IT, Media and Music
Retreats and Conferences
Honorarium
Pastoral Services Ministry Support
8
Travel
5
Other Ministry Expenditure
Grants Payable
7
Training and Resources
5
Property, Management and Administration
Building - Rent and Utilities
Depreciation Charges
9
Insurance
Office Expenses and Postage
Bank Charges and Paypal Fees
Other Admin Expenditure
Accountancy
Independent Examination
2024
Activities
Grant
Undertaken
Funding of
Support
Directly
Activities
Costs
Total
£
£
£
£
844
-
1,370
2,214
2,776
-
-
2,776
1,301
-
-
1,301
2,335
-
-
2,335
300
-
-
300
6,900
-
-
6,900
1,464
-
-
1,464
319
-
-
319
-
1,800
-
1,800
189
-
-
189
16,428
1,800
1,370
19,598
6,360
-
-
6,360
834
-
-
834
216
-
-
216
50
-
-
50
118
-
-
118
-
-
-
-
-
-
350
350
-
-
145
145
7,578
-
495
8,073
24,006
1,800
1,865
27,671
2023
Activities
Grant
Undertaken
Funding of
Support
Directly
Activities
Costs
Total
£
£
£
£
611
-
712
1,323
1,724
-
-
1,724
643
-
-
643
7,279
-
-
7,279
350
-
-
350
6,900
-
-
6,900
2,722
-
-
2,722
58
-
-
58
-
1,800
-
1,800
-
-
-
-
20,287
1,800
712
22,799
8,320
-
-
8,320
544
-
-
544
206
-
-
206
188
-
-
188
120
-
-
120
-
-
-
-
-
-
208
208
-
-
140
140
9,378
-
348
9,726
29,665
1,800
1,060
32,525

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CALVARY CHAPEL BRISTOL Annual Report – Year Ended 31[st] Jul 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.

1 Trustees was paid expenses in the financial year ended 31st July 2024 1 Trustees was paid expenses in the financial year ended 31st July 2023

Trustee Expenses
Travel
Conferences
Training
D Arnold Trip to Israel with CCUK
2024
£
1,464
1,109
189
-
2,762
2023
£
842
203
-
1,879
2,924

6. Independent Examination

Independent Examiner Fees

2024
£
145
2023
£
140

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CALVARY CHAPEL BRISTOL Annual Report – Year Ended 31[st] Jul 2024

Notes to the Financial Statements - Continued

7. Grant Making Activities

Grants Made to Institutions
Grants Made to Individuals
S. Martinez Missionary Support

Total
2024
£
-
1,800
1,800
2023
£
-
1,800
1,800

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CALVARY CHAPEL BRISTOL Annual Report – Year Ended 31[st] Jul 2024

Notes to the Financial Statements - Continued

8. Staff Costs, Employee Benefits and Trustee Remuneration

Average number of staff employed during the reporting period
Staff Costs and Employee Benefits
Ministerial Staff Contractor Pay
Employer's Social Security Costs
Visa Costs
Employer's Contribution to Pension Schemes
Other Employee Benefits
2024
1
£
6,900
-
-
-
-
6,900
2023
1
£
6,900
-
-
-
-
6,900

No employees received employee benefits of more than £60,000

Trustee Remuneration

By provision of the charity's Governing Document, Daniel Arnold was remunerated £2,762 in personal expenses (£2,924 personal expenses in 2023). 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 Annual Report – Year Ended 31[st] Jul 2024

Notes to the Financial Statements - Continued

9. Fixed Assets


Cost or Valuation
At 1st August 2023
Additions
Disposals
Revaluations
Transfers
At 31st July 2024

Depreciation and Impairments
At 1st August 2023
Disposals
Depreciation
Impairment
Transfers
At 31st July 2024

Net Book Value at 1st August 2023
Net Book Value at 31st August 2024
Fixtures, Fittings and
Equipment
Ministry
Building
Equipment
Improvements
£
£
3,751
-
1,763
-
-
-
-
-
-
-
5,514
-
(3,073)
-
-
-
(834)
-
-
-
-
-
(3,907)
-
678
-
1,607
-
Total
Ministry
Equipment
£
3,751
1,763
-
-
-
5,514
(3,073)
-
(834)
-
-
(3,907)
678
1,607
£
3,751
1,763
-
-
-
5,514
(3,073)
-
(834)
-
-
(3,907)
678
1,607

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CALVARY CHAPEL BRISTOL Annual Report – Year Ended 31[st] Jul 2024

Notes to the Financial Statements - Continued

10. Debtors

Prepayments and Accrued Income
Insurance
Christian Copyright
Amazon Prime Subscription
IT, Media and Music
Other Debtors
HMRC Gift Aid
Total
2024
£
53
105
86
101
345
2,821
3,166
2023
£
56
119
80
-
255
3,893
4,148

11. Creditors

Amount falling due within one year

Accruals and Deferred Income
Accrued Utilities
Other Creditors
HMRC Gift Aid Erroneous duplicate submission
Independent Examination
Accounting
Building Rental
Total
2024
£
-
3,945
145
68
-
4,158
4,158
2023
£
-
-
270

81
800
1,151
**1,151 **

† 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 Annual Report – Year Ended 31[st] Jul 2024

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
Creditors: Amount falling due after more than one year
2024
Unrestricted
Restricted
Total
Funds
Funds
Funds
£
£
£
1,607
-
1,607
-
-
-
31,524
-
31,524
3,166
-
3,166
(4,158)
-
(4,158)
-
-
-
32,139
-
32,139
2023
Unrestricted
Restricted
Total
Funds
Funds
Funds
£
£
£
678
-
678
-
-
-
28,190
-
28,190
4,148
-
4,148
(1,151)
-
(1,151)
-
-
-
31,865
-
31,865

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CALVARY CHAPEL BRISTOL Annual Report – Year Ended 31[st] Jul 2024

Notes to the Financial Statements - Continued

13. Movement In Funds

Unrestricted Funds
General Fund
Total Funds
Fund Balances
Net
Fund Balances
Brought Forward
Income
Expenditure
Transfers
Carried Forward
£
£
£
£
£
31,865
27,945
(27,671)
-
32,139
31,865
27,945
(27,671)
-
32,139

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CALVARY CHAPEL BRISTOL Annual Report – Year Ended 31[st] Jul 2024

Notes to the Financial Statements - Continued

14. Related Party Transactions

Income

Income from donations and legacies include £1,200 received from Trustees and Related Parties

Expenditure

All expenditure transactions involving related parties are detailed 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 Examinerfs Report Report to the trustee￿ | Calvary Chapel Bristol members of On accounts for the year ended 31" July 2024 Charity no (if any) 1187056 Set out on pages I report lo the trustees on my examination of the accounts of the above charity ('the Trust") for the year ended 3110712024. Responsibilities and As the charity trustees of the Trust. you are responsible for the preparalion 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 oul 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 14515){b) of the Act. I have completed my examination. I confimi that no material matters have ome to my attention in connection with the examination which gives me cause to believe Ihat in, any material respect.. accounting ￿CordS were not kept in accordance with section 130 of the Act or the accounts do not accord with Ihe accounting re¢ords Independent examiner's ststement I have no concems 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. Ple se delete the words in Ihe brackels if they do not apply. Signed: Date: 2410412025 Name: Michelle Hook Relevant professional qualification{s} or body {if any): NIA Address: 35 Treeve Lane. Connor Downs, Hayle. Comwall TR27 5DQ Section B Disclosure Only complete rf the examiner needs lo highlight matters of concern (see CC32, Independent examination of charity accounts- directions and guidance for examiners}. IER October 2018

Gfve here brlef detalls of any ttems that the examiner wishes to d18close. NothirvJ to rewt IER October 2018