## **CALVARY PENTECOSTAL MINISTRIES FINANCIAL STATEMENTS** 

## **31 MARCH 2021** 

**Charity Number 1125427** 



|**CONTENTS**|**PAGE**|
|---|---|
|Statement of financial activities|**3**|
|Income and expenditure account|**4**|
|Balance sheet|**5**|
|Notes to the financial statements|**6**|



**- 2 -** 



## **CALVARY PENTECOSTAL MINISTRIES** 

## **STATEMENT OF FINANCIAL ACTIVITIES** 

## **YEAR ENDED 31 MARCH 2021** 

|||**Total Funds**|Total Funds|
|---|---|---|---|
|||**2021**|2020|
||**Note**|<br>**£**|£|
|**INCOMING RESOURCES**||||
|Incoming resources from generating funds:||||
|Voluntary income|**2**|**5,050**|340,549|
|||--------------------------|-------------------------------------|
|**TOTAL INCOMING RESOURCES**||**5,050**|340,549|
|||--------------------------|-------------------------------------|
|**RESOURCES EXPENDED**||||
|Costs of generating funds:||||
|Costs of generating voluntary income|**3**|**–**|(15,967)|
|Charitable activities|**4/5**|**(5,020)**|(290,347)|
|Governance costs|**6**|**–**|(32,404)|
|||--------------------------|-------------------------------------|
|**TOTAL RESOURCES EXPENDED**||**(5,020)**|(338,718)|
|||--------------------------|-------------------------------------|
|**NET INCOMING RESOURCES FOR THE YEAR**|**7**|**30**|1,831|
|**RECONCILIATION OF FUNDS**||||
|Total funds brought forward||**35,402**|33,571|
|||-------------------------------|-------------------------------|
|**TOTAL FUNDS CARRIED FORWARD**||**35,432**|35,402|
|||=**===============**|=**===============**|



All of the above amounts relate to continuing activities. 

**The notes on pages 6 to 9 form part of these financial statements.** 

**- 3 -** 



## **CALVARY PENTECOSTAL MINISTRIES** 

## **INCOME AND EXPENDITURE ACCOUNT** 

## **YEAR ENDED 31 MARCH 2021** 

||||**2021**||2020|
|---|---|---|---|---|---|
||**Note**|**£**||**£**|£|
|**INCOME**||||**5,050**|340,549|
|**TOTAL EXPENDITURE**||||**(5,020)**|(334,979)|
|||||--------------------------|-------------------------------------|
|**OPERATING SURPLUS**|**7**|||**30**|5,570|
|**INTEREST PAYABLE**||||||
|Interest payable||||**–**|(3,739)|
|||||----------------|--------------------------|
|**RETAINED SURPLUS FOR THE FINANCIAL YEAR**||||**30**|1,831|
|||||=**=======**=|=**============**=|



All of the above amounts relate to continuing activities. 

**The notes on pages 6 to 9 form part of these financial statements.** 

**- 4 -** 



## **CALVARY PENTECOSTAL MINISTRIES** 

## **BALANCE SHEET** 

## **31 MARCH 2021** 

||||**2021**||2020|
|---|---|---|---|---|---|
||**Note**|**£**||**£**|£|
|**FIXED ASSETS**||||||
|Tangible assets|**9**|||**38,772**|38,772|
|**CURRENT ASSETS**||||||
|Cash at bank|||**–**||1,130|
|**CREDITORS: Amounts falling due within one year**|**10**||**–**||(4,500)|
||||----------------||--------------------------|
|**NET CURRENT LIABILITIES**||||**–**|(3,370)|
|||||-------------------------------|-------------------------------|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**||||**38,772**|35,402|
|**PROVISIONS FOR LIABILITIES**||||||
|Other provisions|**11**|||**(3,340)**|–|
|||||-------------------------------|-------------------------------|
|**NET ASSETS**||||**35,432**|35,402|
|||||=**===============**|=**===============**|
|**FUNDS**||||||
|Unrestricted income funds|**12**|||**35,432**|35,402|
|||||-------------------------------|-------------------------------|
|**TOTAL FUNDS**||||**35,432**|35,402|
|||||=**===============**|=**===============**|



**The notes on pages 6 to 9 form part of these financial statements.** 

**- 5 -** 



## **CALVARY PENTECOSTAL MINISTRIES** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 31 MARCH 2021** 

## **1. ACCOUNTING POLICIES** 

## **1.1 Basis of accounting** 

The financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, the Statement of Recommended Practice "Accounting and Reporting by Charities" issued in March 2005 (SORP 2005) 

## **1.2 Incoming resources** 

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income. 

Voluntary income is received by way of donations, offerings and tithes and is included in full in the statement of financial activities when receivable. 

## **1.3 Resources expended** 

Expenditure is recognised on an accrual basis as a liability is incurred. 

Costs of generating funds comprise the costs associated with attracting voluntary income. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. 

## **Fixed assets** 

All fixed assets are initially recorded at cost. 

## **Depreciation** 

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: 

Equipment - 25% reducing balance. 

Fixtures & Fitting – reducing balance. 

## **2. VOLUNTARY INCOME** 

||**Unrestricted**|**Total Funds**|Total Funds|
|---|---|---|---|
||**Funds**|**2021**|2020|
||**£**|**£**|£|
|**Donations**||||
|Tithes and Offering|**5,050**|**5,050**|270,380|
|Gift Aid|**–**|**–**|70,169|
||--------------------------|--------------------------|-------------------------------------|
||**5,050**|**5,050**|340,549|
||=**============**=|=**============**=|=**==================**|



## **3. COSTS OF GENERATING VOLUNTARY INCOME** 

||**Total Funds**|Total Funds|
|---|---|---|
||**2021**|2020|
||**£**|£|
|Advertising|**–**|15,967|
||=**=======**=|=**===============**|



**- 6 -** 



## **CALVARY PENTECOSTAL MINISTRIES** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 31 MARCH 2021** 

## **4. COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE** 

|||**Unrestricted**|**Total Funds**|Total Funds|
|---|---|---|---|---|
|||**Funds**|**2021**|2020|
|||**£**|**£**|£|
||Rent|**–**|**–**|95,380|
||Telephone|**–**|**–**|7,388|
||Ministerial & Mission House|**–**|**–**|8,328|
||Donations|**–**|**–**|9,040|
||Miscellaneous Motor Expenses and Travelling|**–**|**–**|8,845|
||Repairs & Premises Expenses|**–**|**–**|45,207|
||Catering & Refreshment|**–**|**–**|8,859|
||Printing, Postage & Stationery|**–**|**–**|2,503|
||Equipment Repairs & Other Office Cost|**–**|**–**|10,200|
||Services and church expenses|**5,020**|**5,020**|88,926|
||Utilities|**–**|**–**|2,071|
||Guest Speaker|**–**|**–**|3,600|
|||--------------------------|--------------------------|-------------------------------------|
|||**5,020**|**5,020**|290,347|
|||=**============**=|=**============**=|=**==================**|
|**5.**|**COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE**||||
|||**Activities**|||
|||**undertaken**|**Total Funds**|Total Funds|
|||**directly**|**2021**|2020|
|||**£**|**£**|£|
||Rent|**–**|**–**|95,380|
||Telephone|**–**|**–**|7,388|
||Ministerial & Mission House|**–**|**–**|8,328|
||Donations|**–**|**–**|9,040|
||Miscellaneous Motor Expenses and Travelling|**–**|**–**|8,845|
||Repairs & Premises Expenses|**–**|**–**|45,207|
||Catering & Refreshment|**–**|**–**|8,859|
||Printing, Postage & Stationery|**–**|**–**|2,503|
||Equipment Repairs & Other Office Cost|**–**|**–**|10,200|
||Services and church expenses|**5,020**|**5,020**|88,926|
||Utilities|**–**|**–**|2,071|
||Guest Speaker|**–**|**–**|3,600|
|||--------------------------|--------------------------|-------------------------------------|
|||**5,020**|**5,020**|290,347|
|||=**============**=|=**============**=|=**==================**|



**- 7 -** 



## **CALVARY PENTECOSTAL MINISTRIES** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 31 MARCH 2021** 

## **6. GOVERNANCE COSTS** 

||**Total Funds**|Total Funds|
|---|---|---|
||**2021**|2020|
||**£**|£|
|Salaries and wages|**–**|8,400|
|Miscellaneous Expenses|**–**|5,999|
|Interest payable|**–**|3,739|
|Bank Charges|**–**|1,342|
|Depreciation|**–**|12,924|
||----------------|-------------------------------|
||**–**|32,404|
||=**=======**=|=**===============**|
|**NET INCOMING RESOURCES FOR THE YEAR**|||
|This is stated after charging:|||
||**2021**|2020|
||**£**|£|
|Depreciation|**–**|12,924|
||=**=======**=|=**===============**|



## **7. NET INCOMING RESOURCES FOR THE YEAR** 

**- 8 -** 



## **CALVARY PENTECOSTAL MINISTRIES** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 31 MARCH 2021** 

|**8.**|**TANGIBLE FIXED ASSETS**||||
|---|---|---|---|---|
||||**Fixtures &**||
|||**Equipment**|<br>**Fittings**|**Total**|
|||**£**|**£**|**£**|
||**COST**||||
||**At 1 April 2020 and 31 March 2021**|**58,687**|<br>**30,358**|**89,045**|
|||=**===============**|=**===============**|=**===============**|
||**DEPRECIATION**||||
||**At 1 April 2020 and 31 March 2021**|**31,988**|<br>**18,285**|**50,273**|
|||-------------------------------|-------------------------------|-------------------------------|
||**NET BOOK VALUE**||||
||**At 31 March 2021**|**26,699**|<br>**12,073**|**38,772**|
|||=**===============**|=**===============**|=**===============**|
||At 31 March 2020|26,699|<br>12,073|38,772|
|||=**===============**|=**===============**|=**===============**|
|**9.**|**CREDITORS:** **Amounts falling due within one**|**year**|||
||||**2021**|2020|
||||**£**|£|
||Accruals and deferred income||**–**|4,500|
||||=**=======**=|=**============**=|
|**10.**|**OTHER PROVISIONS**||||
||||**2021**|2020|
||||**£**|£|
||Other provisions||**3,340**|-|
||||=**============**=|**========**|
|**11.**|**UNRESTRICTED INCOME FUNDS**||||
|||**Balance at**|**Incoming**|**Balance at**|
|||**1 April 2020**|**resources**<br>**31**|**March 2021**|
|||**£**|**£**|**£**|
||General Funds|**35,402**|**30**|**35,432**|
|||=**===============**|=**=======**=|=**===============**|
|**12.**|**ANALYSIS OF NET ASSETS BETWEEN FUNDS**||||
||||**Other net**||
|||**Tangible**|<br>**assets/**||
|||**fixed assets**|<br>**(liabilities)**|**Total**|
|||**£**|**£**|**£**|
||**Unrestricted Income Funds**|**38,772**|<br>**(3,340)**|**35,432**|
|||-------------------------------|--------------------------|-------------------------------|
||**Total Funds**|**38,772**|<br>**(3,340)**|**35,432**|
|||=**===============**|=**============**=|=**===============**|



**- 9 -**