## **CALVARY BAPTIST CHURCH PETERBOROUGH**
**(REGISTERED CHARITY NO: 1189820)**
## **FINANCIAL ACCOUNTS**
**FOR THE PERIOD ENDED 31[ST] DECEMBER 2020**
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## **CALVARY BAPTIST CHURCH PETERBOROUGH**
## **FINANCIAL ACCOUNTS**
**FOR THE PERIOD ENDED 31[ST] DECEMBER 2020**
## **INDEX**
**Page 3 Trustees Report Page 4 Statement of Financial Position Page 5 Balance Sheet Page 6 Notes to the Accounts**
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## **CALVARY BAPTIST CHURCH PETERBOROUGH**
## **TRUSTEE REPORT**
## **FOR THE PERIOD ENDED 31[ST] DECEMBER 2020**
## **The Trustees present their report for the period ended 31[st] December 2020.**
## **The Trustees of Calvary Baptist Church Peterborough are:**
Jonathan Vandenhurk **Chairman** Timothy Prentice **Treasurer** Blanca Pastora Hernaman Robert Lankey Sean Tucker
All trustees were appointed from the 8[th] June 2020 and there have been no resignations up to the date of this report.
Calvary Baptist Church Peterborough was established by constitution dated 8[th] June 2020 and is registered with the charity commission no. 1189820. It was formed to incorporate existing charity no. 1129071, of the same name and is governed by its constitution.
## **Objectives**
The advancement of the Christian faith in accordance with the basis of faith primarily but not exclusively within Cambridgeshire and the surrounding neighbourhood; and Peterborough city.
Such other charitable purposes as shall, in the opinion of the members of the church in general meeting, further the work of the church.
## **Results**
Net income was greater than expenses this year. We are continuing to grow and improve reserves going forward.
The trustees wish to thank the many people who make the church possible.
………………………………………………….
**Pastor Jonathan Vandenhurk On Behalf of the Trustees**
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## **CALVARY BAPTIST CHURCH PETERBOROUGH**
## **STATEMENT OF FINANCIAL POSITION**
||**FOR THE PERIOD ENDED 31ST DECEMBER 2020**||
|---|---|---|
|||**2020**|
|**Incoming Resources**|||
|Tithes||15,155|
|Missionaries||2,340|
|Interest income||5|
|Total incoming resources||17,500|
|**Resources expended.**|||
|Direct Charity Expenditure|||
|Premises||2,225|
|Support||1,920|
|Ministries||918|
|Admin||157|
|Depreciation||641|
|Total resources expended||5,862|
|Net resources||11,638|
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## **CALVARY BAPTIST CHURCH PETERBOROUGH**
## **BALANCE SHEET**
## **AS AT 31[ST] DECEMBER 2020**
|**Notes**
**Fixed Assets**
**Motor vehicles / Computer equipment**
**2**
**Current Assets**
**Bank and Cash Balance**
**Debtors**
**Net Current Assets**
**Restricted Fund**
**General Fund**|**2020**
**£**
**8,467**
**53,622**
**73**
**62,162**|
|---|---|
||**-**
**62,162**|
**The Financial statements were approved and authorised by the trustees and were signed on behalf on**
**………..……………………………… Date By, ………………………………………………………………………….. Pastor Jonathan Vandenhurk Trustee**
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## **CALVARY BAPTIST CHURCH PETERBOROUGH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE PERIOD ENDED 31[ST] DECEMBER 2020**
## **1. Statement of Principal Accounting Policies**
## **a. Accounting Convention**
The accounts have been prepared under the historical cost convention in accordance with applicable accounting standards and the statement of recommended practice on accounting for charities.
## **b. Voluntary Income**
Cash donations and gifts are included in the income and expenditure accounts at the date on which they are physically received.
- **c. Taxation**
Calvary Baptist Church Peterborough is a registered charity and as such, exemption applies to income arising and expended on its charitable activities.
## **2. Fixed Assets**
Tangible fixed assets are recognised at historic cost less accumulated depreciation and any accumulated impairment loss. Depreciation is charged to allocate the cost of assets less their residual value over their estimated useful lives, using the reducing balance method.
Depreciation is provided on the following basis:
Motor Vehicles - 15% Reducing balance Computer Equipment - 25% Reducing balance
Gains and losses on disposals are determined by comparing proceeds with the carrying amount and are recognised in the Statement of Financial Position.
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