The Charity Registration Number is :-    1195975 

Calvary Chapel Cardiff Report and Accounts 31 March 2023 



## **Calvary Chapel Cardiff** 

## **Report and accounts for the year ended 31 March 2023** 

## **Contents** 

||**Page**||
|---|---|---|
|**Charity information**||1|
|**Trustees' Annual Report**||1|
|**Statement of trustees' responsibilities**||5|
|**Independent Accountant's Report**||6|
|**_Funds Statements:-_**|||
|Statement of Financial Activities||8|
|Statement of total recognised gains and losses||9|
|Movements in funds||9|
|Revenue Funds||9|
|Summary of funds||9|
|**Balance sheet**||10|
|**Notes to the accounts**||11|





## **Calvary Chapel Cardiff** 

## **Trustees' Annual Report for the year ended 31 March 2023** 

The Trustees present their Report and Accounts for the year ended 31 March 2023. 

## **Reference and administrative details** 

## _**The charity name.**_ 

The legal name of the charity is:- Calvary Chapel Cardiff. 

The charity is also known by its operating name, Calvary Chapel Cardiff. 

## _**The charity's areas operation and UK charitable registration.**_ 

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW)  with charity number 1195975. 

The charity does not operate in any overseas jurisdictions. 

## _**Legal structure of the charity**_ 

The charity is constituted as a Charitable Incorporated Organisation (CIO) in England & Wales. The governing document of the charity is the constitution of the CIO as approved by the Charity Commission in England & Wales (CCEW) . 

The governing document is dated 29 September 2021 There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law. 

The trustees are all  individuals. 

## **The principal operating address, telephone number, email and web addresses of the charity** 

41 Palmers Drive Cardiff Wales   CF5 5NR Telephone 02921328214 Email Address office@calvarycdf.uk      Web address www.calvarycdf.uk 

## **The Trustees in office on the date the report was approved were:-** 

K L Berthiaume K K Boafo D M Farnham R D Hall R D Hughes 

## **The following persons served as Trustees during the year ended 31 March 2023 :-** 

The trustees who served as a trustee in the reporting period, and, if applicable, their dates of appointment or resignation during the year were:-. 

|**_Name_**||**_Appointed_**|**_Resigned/Retired_**|
|---|---|---|---|
|_K K Boafo_|_Appointed_|_26 March 2023_||
|_R D Hall_|_Reappointed_|_26 March 2023_||
|_R D Hughes_|_Reappointed_|_26 March 2023_||



All the trustees are also members of the charity. 

1 



## **Calvary Chapel Cardiff** 

## **Trustees' Annual Report for the year ended 31 March 2023** 

## **Objects and activities of the charity** 

## _**The purposes of the charity as set out in its governing document.**_ 

The Object of the Church is the advancement of the Christianity in accordance with the Statement of Faith. 

## _**The main activities undertaken in relation to those purposes during the year.**_ 

Calvary Chapel Cardiff is an independent, non-denominational church which seeks to emphasise the spiritual unity of all true believers through Jesus Christ. The Church desires the fellowship of all evangelical churches and Christian groups and will co-operate with them in promoting the cause and calling of the Lord Jesus Christ. Recognising the need for counsel, the Church is affiliated with the Calvary Chapel Association of Churches (a worldwide network of over 1,800 Calvary Chapel churches) for guidance and instruction. 

We are a group of people of all ages and from many different backgrounds who love God, love each other, and love to tell everyone the Good News about Jesus. 

The central task of the church is to make fully committed, thoroughly equipped, lifelong followers of Jesus Christ, by preaching the Gospel, and through expository teaching of the Bible. 

We are based in Cardiff, Wales and have been ministering to the city since 2001. 

## _**The main activities undertaken during the year to further the charity's purpose for the public benefit.**_ 

The Trustees have complied with Section 4 of the Charities Act 2006 having due regard for the Charity Commission's guidance on public benefit when reviewing the Trust's aims and objectives. 

## _**The contribution of volunteers during the year.**_ 

The charity relies on, and is very grateful to, the many volunteers who commit their time, energy and spiritual gifts to serve the various ministries in the church. 

## **The main achievements and performance of the charity during the year.** 

All of the activities and ministries of the church have continued to develop, and have successfully contributed to, the Charity’s purpose. 

The church continues to enjoy the use of a community building in Heath Park, Cardiff, for use for Sunday services and other ministries and events. 

## Ministries 

Calvary Chapel Cardiff has been holding its Sunday services at Heath Citizens Community Hall in Cardiff since March 2021, and so meets in the heart of an established community. 

A notice board is placed on the pavement outside the church during each service to welcome the general public to the services. Services are open to the general public of any or no faith, and participation is not a condition of entry. Throughout the year we hosted several visiting speakers, and the church has attracted many visitors both from the local area and visitors to Cardiff. The service consists of a time of praise and worship, an expository Bible teaching, and concludes with a time of fellowship and refreshments, which provides an important time of social interaction, in particular to welcome and engage with visitors. 

2 



## **Calvary Chapel Cardiff** 

## **Trustees' Annual Report for the year ended 31 March 2023** 

There is a children's ministry run for children aged 3-9 during the Sunday service, which provides the younger children an age-appropriate Bible teaching whilst the main service is being conducted for the adults and older children. 

Midweek men's and women's Bible studies are held on alternate Wednesday nights throughout the year. These studies place an emphasis on discussing the applications of the teachings of the Scriptures being studied, which develops the understanding of our priorities and values. These meetings are also a valuable time of prayer and fellowship, and all who attend are encouraged to contribute and share their perspectives. 

There are fortnightly meetings held on Friday evenings for the young adults (aged 18+) and youth (ages 10-17), which have an emphasis on Bible teaching and fellowship. 

We also arrange and host many events and seminars, with an emphasis of Bible teaching, worship and fellowship, during the year for the benefit of the members. 

Members are also encouraged to, and regularly attend, events and charitable activities outside of Calvary Chapel Cardiff. Many of our members attended the annual Calvary Chapel UK conferences throughout the year, such as the Men's and Women's Conferences, as well as their flagship Teach The Word Conference, which provides worship and Bible teaching from Calvary Chapel churches throughout the UK and beyond. Many of our youths and families attended the Truth 4 Youth conference in Devon. 

## _**The difference the charity's performance during the year has made to the beneficiaries of the charity.**_ 

Our ministries allow members and non-members alike to receive the benefit of clear expository Bible teaching to enable them to come to the knowledge of Jesus Christ as their Lord and Saviour, and to subsequently grow in their knowledge and faith of Him. 

We encourage and foster a family environment between the members of the church, and this provides a community and sense of purpose, centred around Jesus. This has also resulted in the provision of support and assistance for members and non-members of the charity, such as the provision of meals, transport, and general relational support and prayer for those in need. 

The pastor and elders of the church are actively involved in the pastoral support of the membership. 

## _**The degree to which the achievements and performance during the year have benefited wider society.**_ 

Services are open to the general public of any or no faith, to allow for the participation in the worship and praise of God, and to hear expository Bible teaching and the transformational Gospel message of Jesus Christ. 

Calvary Chapel Cardiff also regularly supports the local Ronald McDonald House in Cardiff, and during the year the members raised nearly £2,000 for the House by running a 10k race in Cardiff. We also regularly host other events at the House to support the staff and families who are staying at the House. 

3 



## **Calvary Chapel Cardiff** 

## **Trustees' Annual Report for the year ended 31 March 2023** 

## **Structure, governance and management of the charity** 

## _**The methods used to recruit and appoint new charity trustees.**_ 

To be eligible to become a trustee of the charity, an individual must be a member of the church, be aged 25 or over, subscribe to the Statement of Faith, and in the opinion of the current leadership be in good standing amongst the membership and maintain a radiant Christian testimony. Appointments are then made by a vote of the membership, and are normally for a two-year period with the option for re-appointment. 

## _**The trustees' bankers and advisors**_ 

Bankers Lloyds Bank Accountants Lloydbottoms Limited, 118 High Street, BS16 5HH 

## **Financial review** 

## _**The charity's financial position at the end of the year ended 31 March 2023**_ 

The financial position of the charity at 31 March 2023 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:- 

|Restricted Revenue Funds<br>**Total Funds**<br>Unrestricted Revenue Funds available for the<br>general purposes of the charity<br>**Net income**|**2023**<br>**£**<br>111,678|
|---|---|
||111,678<br>1,768|
||113,446|



## _**Financial review of the position at the reporting date, 31 March 2023.**_ 

Income for the year totalled £173,361. This included £82,203 of assets transferred from Calvary Chapel Cardiff Wales, an unincorporated charity which was incorporated to form Calvary Chapel Cardiff, from which the assets, liabilities and employees were transferred under an Asset Transfer Agreement dated 31 May 2022. Included in income was £42,179 of restricted Funds, which were fully expended in the year. 

Expenditure for the year totalled £61,683, including £43,947 relating to Restricted Funds. The result was a net surplus of £111,678 and Total Funds carried forward of £111,678. 

## _**Policies on reserves.**_ 

The charity holds necessary reserves in order for ministries to continue to be provided should there be a reduction in incoming resources. The charity actively monitors its cashflow for this purpose. 

## _**Availability and adequacy of assets of each of the funds**_ 

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund. 

## **Details of The Independent Examiner** 

Susan Rickerby Member of Institute of Chartered Accountants in England and Wales 118 High Street Staple Hill Bristol BS16 5HH 

4 



Calvary Chapel Cardiff
Twstees. Annual Report for the year ended 31 March 2023
Statement of Trustses, Regponsibilitios
The charity's truste6$ are r&Spr￿&t￿e preparat#￿ ofthe a(a)xJnts in accordan￿ wrth th8
terms ol the Charftles Act 2011 arKI Ihe Chariti8s (A(x￿nIS 8Th1 R8p(xtsl R8gUlat1(￿ 21X)8.
No￿thsta￿Jln9 the expliai requlrement In the extant staluEory regJlations.the Chartbes
(Accounts and R8P¢Xtsl R8JLd8lh)ns 2(X)8, to wepar& Ihe finar￿jaI Statem￿t9 in act(ffdance w
the SORP 2LX15. In view oftho fact that ￿ SORP 211)5 has been ￿l￿N￿raWn. the Trustees
d6terrnined to intetFYet Ihis T8spon￿bIlitY 88 requ￿ThJ lh￿n to fc41vw current best pract￿8 and
pware the actounts accordirYJ lo the FRS 1(Y2 SORP ISta18m8nt ol R￿0￿me￿ed Practice fix
A¢countiTrJ and Resy)r￿￿J by Charftlesl 2015. (as a￿￿d¢d by Bulktin issued In Octci)ar
2018 sp￿1(￿ble io all ￿ntiThJ beginrlty on ￿ hfter 1stJAnLQry 20191, (The
SORP}. .
In parli(￿lar. charity law requires ts TA￿tees. rftlw prepare acLounts on an accfuals basis. to
prepare finanaal State￿￿￿￿tr 8ath finar￿181 y￿rwh￿h give a Inb8 fair of stat8 of
affairs of the charity as at eThJ ol tho finanrxal year ar￿ of ts surplus or defj(xt of charlty.
In pr4)ar1￿ th)8e fina￿la1 siaten*nts ihe Trustee5 ar8 rEquir8d to :_
- to pr8p8r& the accounts in a￿da￿ Vllth unIt￿ l(JThJdom Generally Accepted
A(zounting PtBdic8 (uni￿ Kirykni Acx*AJnliro Standards and appli(2b18 lawl.
- selecl sullable pdKi8s arKI 8ppty thgm con8lstenty.
. mèka juthJements and eslmates Ihat are reasonatAe and pnthnt:
- prepare the finanryal stalements cfi thegokYJ ￿c*M basls unkns ￿ Is Inapproprfate
b) prèBum& ihat the charity %%lll cmUnu6 In bltsIr￿..
. State bthether appIl￿ble 8txxMJntl￿ staThlards sta18m8nts of
re￿[ne[Kled P￿tice have b88n fotth¥8d. SUb￿t to arty n￿le[la1
depariures disdosod exjaIn￿ in Ihe finanoal ￿teM￿￿..
The wures that the Iwstoes must r￿1 approve ￿OUnts unless IW are ￿lisfied that
theygNe a true and lalr w6w of thè ststé Lrf affars of arml nfthè ￿ryAUS or d8fi¢it of the
charltyfor the year.
Thè TRJst8es ar8 also responsible fc¥ malnlaining adwmte r￿d$¥thic￿ dlsdose
vAth reasonable a￿￿raCY at any linw Ihe finanoal p)sb"on ofthe c*arity and whkh are sulfflclent
to show and ex[￿81n th8 charitys trartsarlKmS ￿al￿e them lo enswe that the fvwnryal
stat8mBrrts cornply rvJu1atic￿S rnade under the Chariknes Ad 2011. TW ar8 also r88pon81ble
for safeguardlro tho a￿ts of the dwriiy and fcff tthng rea8on3ble steps for tho
prevention aThJ detecti￿) of fra￿j arml othw iTh8gularili8S.
ThgTrustses are dso thè ofV* Trustees. tettyL atKJ sta￿tOry resw)nsiblity Df
th8 IrK18wd8nt Ey2mlw In r81atknn to thè Trtts￿. reFX*t E 11rnit￿ lo eyaminlNJ thè re[￿a￿j
thsl. on Ihefaceofthe rwL Ih8r8 aT& rK) Materf￿ (rK¥)￿thrkn with IhB th￿d(￿￿ In Ike financlal
statement8.
KEVIN BERTHIAUME
TrtJ5te8
RHYS HUGHES
Tnjstee

## **Calvary Chapel Cardiff** 

## **Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 March 2023** 

I report to the Trustees on my examination of the financial statements of the charity on pages 8 to 17 for the year ended 31 March 2023 which have been prepared in accordance with the Charities Act 2011 (the Act) and  with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities)  2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 11. 

## **Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report** 

As described on page 5, you, the charity's Trustees, are responsible for the preparation of the financial statements in accordance with the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view. 

The Trustees consider that the audit requirement of  Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit. As a consequence, the Trustees have elected that the financial statements be subject to independent examination. 

Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:- 

a) examine the financial statements of the charity under Section 145 of the Act; 

b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## **Basis of Independent Examiner's Statement and scope of work undertaken** 

I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination.  An independent examination includes a review of the accounting records kept by the charity  and of the accounting systems employed by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP. 

The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide 

Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below. 

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters. 

6 



## **Calvary Chapel Cardiff** 

## **Independent Examiner's Statement, Report and Opinion** 

Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:- 

This  is a report in respect of an examination carried out under 145 of the Act  and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable; 

and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:- 

accounting records were not kept in respect of the charity as required by  with Section 130 of The Charities Act 2011; 

the financial statements do not accord with those records; or 

the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view, which is not a matter considered as part of an independent examination; 

have not been prepared in accordance with  the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities)  2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP). 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. 


**----- Start of picture text -----**<br>
Signed:-<br>**----- End of picture text -----**<br>



Susan Rickerby - Independent Examiner 

Institute of Chartered Accountants in England and Wales 

118 High Street Staple Hill Bristol BS16 5HH 

This report was signed on 17 January 2024 

7 



## **Calvary Chapel Cardiff - Statement of Financial Activities for the year ended 31 March 2023** 

## _**Statement of Financial Activities for the year ended 31 March 2023**_ 

|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2023**<br>**£**<br>**Income & Endowments from:**<br>Donations & Legacies<br>A1<br>48,979<br>Other<br>A5<br>82,203<br>**Total income**<br>**A**<br>**131,182**<br>**Expenditure on:**<br>Charitable activities<br>B2<br>17,736<br>**Total expenditure**<br>**B**<br>**17,736**<br>**Net income for the year**<br>**113,446**<br>**Transfers between funds**<br>**C**<br>(1,768)<br>**Net income after transfers**<br>**A-B-C**<br>**111,678**<br>**111,678**<br>**Reconciliation of funds:-**<br>**E**<br>**Total funds carried forward**<br>**111,678**<br>**SORP**<br>**Ref**<br>**Net movement in funds**|**Current year**<br>**Restricted**<br>**Funds**<br>**2023**<br>**£**<br>42,179<br>-<br>**42,179**<br>43,947<br>**43,947**<br>**(1,768)**<br>1,768<br>**-**<br>**-**<br>**-**|**Current year**<br>**Total Funds**<br>**2023**<br>**£**<br>**91,158**<br>**82,203**|
|---|---|---|
|||**173,361**|
|||**61,683**|
|||**61,683**|
||||
|||**111,678**<br>**-**|
|||**111,678**|
|||**111,678**|
|||**111,678**|



The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet. 

A Statement of Total Recognised Gains and Losses is included as a primary statement in these accounts. 

All activities derive from continuing operations 

## **The notes attached on pages 11 to 17 form an integral part of these accounts.** 

8 



## **Calvary Chapel Cardiff - Statement of Financial Activities for the year ended 31 March 2023** 

## **Statement of Total Recognised Gains and Losses for the year ended 31 March 2023** 

|**Surplus for the year :-**<br>Realised gains/(losses) on the disposal of tangible fixed assets<br>Realised gains  on disposals of social investments which are programme related<br>**_Income from operations before tax in the Statement of Financial Activites_**<br>**Net Movement in funds**<br>**Funds generated in the year as shown on Statement of Financial Activities**<br>Net excess of income over expenditure from operations before tax|**2023**<br>**£**<br>111,663<br>15<br>-<br>**111,678**<br>**111,678**<br>**111,678**|
|---|---|
|||
|||
|||
|Funds generated in the year as detailed in the SOFA<br>Resources applied on functional fixed assets<br>Other applications of funds<br>**Net resources available to fund charitable activities**<br>**Resources applied in the year ended 31 March 2023 towards fixed**<br>**Charity use:-**|**2023**<br>**£**<br>111,678<br>(5,714)<br>-<br>**105,964**<br>**assets for**|



The resources applied on fixed assets for charity use represents the cost of additions. 

## **Movements in revenue and capital funds for the year ended 31 March 2023** 

## **Revenue accumulated funds** 

|**Unrestricted**<br>**Funds**<br>**2023**<br>**£**<br>113,446<br>**113,446**<br>(From)/To unrestricted revenue funds<br>(1,768)<br>**Closing revenue funds**<br>**111,678**<br>**Summary of  funds**<br>**Unrestricted**<br>**and**<br>**Designated funds**<br>**2023**<br>**£**<br>Revenue accumulated funds<br>111,678<br>Recognised gains and losses before<br>transfers|**Restricted**<br>**Funds**<br>**2023**<br>**£**<br>(1,768)<br>**(1,768)**<br>1,768<br>**-**<br>**Restricted**<br>**Funds**<br>**2023**<br>**£**<br>-|**Total**<br>**Funds**<br>**2023**<br>**£**<br>111,678|
|---|---|---|
|||**111,678**<br>-|
|||**111,678**|
|||**Total**<br>**Funds**<br>**2023**<br>**£**<br>**111,678**|



**The notes attached on pages 11 to 17 form an integral part of these accounts.** 

9 



Calvary Chapel Cardiff - Balance Sheet 88 at 31 M4r¢h 21123
SORP
tsRef
2D23
Flxed as$¢ts
Tangibk assels
urrent a•80ts
Stocks
B1
825
D6btors
C85h al b8nk and Wb h7fKS
11 B2
7,337
100,611
Total gJrr•rt a880ts
108.773
Cr8dltor8'. amounts lalllng duD wlthln ¢)n• >Ear
12 C1
12.
Not¢urrent ass•ts
106.744
111M78
The total not a$￿ts ol ts ¢h¥lty ￿ funded bythe fvnds ofthe chwlty. a5 ftsllowfy:.
Unr•strlci8d Funds
unr8thc1￿j Rovenue Fund5
18 D3
111,678
111.678
Total thwltyfunds
111.678
Thè'SORP Indic*￿ ab￿6 is th8 d￿lf1r￿￿¥Tr ol B81ance sI￿t itwns as set out kn 1he form81 SORP
o(yJmwts. As requir8d by parawh 4.fA) ofthe SORP, the b￿ght for¥Ar￿ and carrted forw8rd furMJ5 aL
hevo baen atvead to tha SOFA..
The TnJ8tea5 8(*nowkdge their responsiM"lthe5 for&)mp￿"ng ￿1h the reqUWe￿￿ts of d)arlty ￿ls18110n
resp8Ct lo w)unling athj the propaTrtK>n ol ￿unts.
The tharity subject to I￿je￿dent Ethminabon undwcharty WktK)n, and Ihè report offfie1￿8￿ndent
Examiner is page 7.
The Trust888 ar8 8atisfi8d thaL thgh the Chaty is nol underth8 Companie5 AGES, SD
r8gIst8r￿, it Trh¥)ukJ be e1VJb￿ to tty)aw a(ts)unls in ￿1)rdar￿￿1h the wi Part 15 of Ihe Compani88
A¢1 2Q06. 8pplIcab￿ to companios subj￿1 to Ihe small wmpani8s r8gime.
KEVIN BERThIAUME
RHYS H
Trusleo
Approv8d by th8 tM>ard ol twustees
Trustee
Thg notes attached on pao•$ 11 to 17 fomi an Integral partof the8• accounts.
10

## **Calvary Chapel Cardiff** 

## **Notes to the Accounts for the year ended 31 March 2023** 

## **1 Accounting policies** 

## _**Policies relating to the production of the accounts.**_ 

## **Basis of preparation and accounting convention** 

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities)  2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities)  2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP),  in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice. 

## **Going Concern** 

The charitable activities are entirely dependent on continuing  voluntary donations. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have prepared forecasts and, after reviewing the financial forecasts for future periods to 31  March 2025, the Trustees are satisfied that, at the time of approving the financial statements, it is  appropriate  to adopt the going concern basis  in preparing  the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern. 

## **Risks and future assumptions** 

The charity is a public benefit entity. 

## _**Policies relating to expenditure on goods and services provided to the charity.**_ 

## **Volunteers** 

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity. However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note 6. 

## _**Policies relating to assets, liabilities and provisions and other matters.**_ 

## _**Tangible fixed assets**_ 

Tangible fixed assets are measured at their original cost value, or subsequent revaluation. Cost value includes all costs expended in bringing the asset into its intended working condition. 

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives. 

Plant, machinery and equipment 33.34% straight line 

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. 

## **Stocks and work in progress** 

Stock is valued at the lower of cost and net realisable value. 

## **Debtors** 

Debtors are measured at their recoverable amounts at the balance sheet date. 

11 



## **Calvary Chapel Cardiff** 

## **Notes to the Accounts for the year ended 31 March 2023** 

## **Creditors and provisions** 

Creditors are recognised when the liability is incurred and the amount is known or is quantifiable. 

## **Financial instruments including cash and bank balances** 

Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn,  are shown at the amounts properly reconciled to the bank statements. 

## **Pensions - defined contribution schemes** 

The charity operates a defined contribution pension scheme.  Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. 

## **Fund Accounting** 

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. 

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes. There were no such funds during the year. 

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law. 

There are no endowment funds. 

## **2 Liability to taxation** 

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010  for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively  on the specific  charitable  objects  of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities. 

## **3 Winding up or dissolution of the charity** 

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity. 

## **4 Significance of financial instruments to the charity's position** 

There are no significant implications of financial instruments to the charity's financial position or performance. 

## **5 Net surplus in the financial year** 

||**2023**|
|---|---|
||**£**|
|The net surplus in the financial year is stated after charging:-||
|Depreciation of owned fixed assets|780|
|Pension costs|1,113|



## **6 The contribution of volunteers** 

The charity depends on the support of its volunteers, and the charity had 35 volunteers who donated their time in various ministries and activities of the church. The arrangements with volunteers are difficult to value precisely in monetary terms and have not been recognised in the Statement of Financial Activities. The volunteers and the charity accept and agree that no contract of employment is created by these arrangements. 

12 



## **Calvary Chapel Cardiff** 

## **Notes to the Accounts for the year ended 31 March 2023** 

## **7 Staff costs and emoluments** 

|**_Salary costs_**<br>Gross Salaries excluding trustees and key management personnel<br>Employer's operating costs of<br>defined contribution pension<br>schemes<br>**Total salaries, wages and related costs**<br>The average and total number of full time staff employed and engaged in charitable<br>activies in the year was|**2023**<br>**£**<br>42,834<br>1,113|
|---|---|
||**43,947**|
||**1**|



Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, for their role as a trustee, either in the current or prior year. One trustee, Mr K Berthiaume was paid in his role as Lead Pastor 

No employees received emoluments (excluding pension costs) in excess of £60,000 per annum. 

## **8 Remuneration and payments to Trustees and persons connected with them** 

Other that that disclosed in note 7, no trustees or persons connected with them received any remuneration from the charity, or any related entity. 

## **9 Tangible fixed assets** 

|**9**<br>**Tangible fixed assets**|||||
|---|---|---|---|---|
|**_Current Year_**<br>**Land and**<br>**Buildings**<br>£<br>**Cost**<br>Additions<br>-<br>**At 31 March 2023**<br>**-**<br>**Depreciation**<br>Charge for the year<br>-<br>**At 31 March 2023**<br>**-**<br>**Net book value**<br>**At 31 March 2023**<br>**-**<br>**10 Stocks & Work in Progress**<br>Stocks before write downs<br>**11 Debtors**<br>Prepayments and accrued income<br>**12 Creditors: amounts falling due within one year**<br>Accruals<br>PAYE, NIC VAT and other taxes<br>Other creditors|**Land and**<br>**Buildings**<br>£<br>-|**Plant &**<br>**Machinery**<br>£<br>5,714|**Motor**<br>**Vehicles**<br>£<br>-|**Total**<br>£<br>5,714|
||**-**|**5,714**|**-**|**5,714**|
||-|780|-|780|
||**-**|**780**|**-**|**780**|
||**-**|**4,934**|**-**|**4,934**|
||||**2023**<br>**£**<br>825||
||||**2023**<br>**£**<br>7,337||
||||**2023**<br>**£**<br>480<br>1,081<br>468||
||||**2,029**||



13 



## **Calvary Chapel Cardiff** 

## **Notes to the Accounts for the year ended 31 March 2023** 

## **13 Loans to trustees included in debtors** 

There have not been any loans to trustees. 

## **14 Guarantees made by the charity on behalf of trustees** 

No guarantees have been made 

|**Income and Expenditure account summary**<br>**At 1 April 2022**<br>Surplus for the year<br>**At 31 March 2023**|**2023**<br>**£**<br>-<br>111,678|
|---|---|
||**111,678**|



## **15 Income and Expenditure account summary** 

## **16 No related party transactions** 

There were no transactions with related parties in the year , except with regard to trustees' remuneration,  which are fully disclosed in note 7 above. 

## **17 Particulars of how particular funds are represented by assets and liabilities** 

|**At 31 March 2023**<br>Tangible Fixed Assets<br>Current Assets<br>Current Liabilities|**Unrestricted**<br>**funds**<br>**£**<br>4,934<br>108,773<br>(2,029)|**Designated**<br>**funds**<br>**£**<br>-<br>-|**Restricted**<br>**funds**<br>**£**<br>-<br>-<br>-|**Total**<br>**Funds**<br>**£**<br>**4,934**<br>**108,773**<br>**(2,029)**|
|---|---|---|---|---|
||**111,678**|**-**|**-**|**111,678**|



## **18 Change in total funds over the year as shown in Note 17 , analysed by individual funds** 

|**_Unrestricted and designated funds:-_**<br>Unrestricted Revenue Funds<br>**Total unrestricted and designated funds**<br>**_Restricted funds:-_**<br>Missionary Fund<br>**Total restricted funds**<br>**Total charity funds**|**Funds brought**<br>**forward from**<br>**2022**<br>**£**<br>-|**Movement in**<br>**funds in 2023**<br>**See Note 19**<br>**£**<br>113,446|**See Note 20**<br>**£**<br>**(1,768)**<br>**Transfers**<br>**between**<br>**funds in 2023**|**£**<br>**111,678**<br>**Funds carried**<br>**forward to**<br>**2024**|
|---|---|---|---|---|
||**-**|**113,446**|**(1,768)**|**111,678**|
||-|(1,768)|1,768|**-**|
||**-**|**(1,768)**|**1,768**|**-**|
||||||
||**-**|**111,678**|**-**|**111,678**|



14 



## **Calvary Chapel Cardiff** 

## **Notes to the Accounts for the year ended 31 March 2023** 

## **19 Analysis of movements in funds over the year as shown in Note 18** 

|**_Unrestricted and designated funds:-_**<br>Unrestricted Revenue Funds<br>**_Restricted funds:-_**<br>Missionary fund|**Income**<br>**2023**<br>**£**<br>131,182<br>42,179|**Expenditure**<br>**2023**<br>**£**<br>(17,736)<br>(43,947)|**Other**<br>**Gains &**<br>**Losses**<br>**2023**<br>**£**<br>-<br>-|**Movement**<br>**in  funds**<br>**2023**<br>**£**<br>**113,446**<br>**(1,768)**|
|---|---|---|---|---|
||**173,361**|**(61,683)**|**-**|**111,678**|



## **20 Details of transfers between** 

|To/(from) Restricted Revenue Funds<br>**Net transfers**<br>Transfers to/( from) Unrestricted Funds to cover deficits on Restricted Funds or when funds are<br>lawfully reallocated<br>**_The transfers shown in note 18 above are:-_**|**2023**<br>**£**<br>(1,768)<br>1,768|
|---|---|
||**-**|



## **21 The purposes for which the** _**Unrestricted and designated funds:-**_ 

Unrestricted Revenue Funds 

These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use. 

## _**Restricted funds:-**_ 

Missionary Fund 

The restricted funds were funds provided by a supporting church in the USA specifically provided as missionary support for K Berthiaume, and so those funds are specifically allocated against the salary he was paid in his role as Lead Pastor. 

## **22 Ultimate controlling party** 

The charity is under the control of its legal members. 

15 



## **Calvary Chapel Cardiff** 

## **Detailed analysis of income and expenditure for the year ended 31 March 2023 as required by the SORP 2015** 

## _**This analysis is classsified by conventional nominal descriptions and not by activity.**_ 

|**23**<br>**Donations, Grants and Legacies**<br>**Donations and gifts from individuals**<br>**Total Donations, Grants and Legacies**<br>**Total Donations, Grants and LegaciesA1**<br>**24 Other income and gains**<br>**_Current year_**<br>**Summary of Realised Gains**<br>**Total other income**<br>**A5**<br>**25 Expenditure on charitable activities - Direct spending**<br>**_Current Year_**<br>**Total direct spending**<br>**B2a**<br>**Total private sector revenue grants**<br>**Revenue grants and donations from non public**<br>**bodies**<br>Gifts from partnered churches<br>**Total donations and gifts from individuals**<br>Offerings and donations<br>Defined contribution pension costs  -<br>charitable activities<br>Ministry and outreach<br>Gross wages and salaries - charitable<br>activities<br>Conference costs<br>Realised gains on disposals of tangible fixed<br>assets held for the charity’s own use<br>Closing reserves from Calvary Chapel Cardiff<br>Wales charity no 1094670|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2023**<br>**£**<br>41,838|**Current year**<br>**Restricted**<br>**Funds**<br>**2023**<br>**£**<br>-<br>**-**<br>**Current year**<br>**Restricted**<br>**Funds**<br>**2023**<br>**£**<br>42,179<br>**42,179**<br>**42,179**<br>**Current year**<br>**Restricted**<br>**Funds**<br>**2023**<br>**£**<br>-<br>-<br>**-**<br>**Current year**<br>**Restricted**<br>**Funds**<br>**2023**<br>**£**<br>42,834<br>1,113<br>-<br>-<br>**43,947**|**Current year**<br>**Total Funds**<br>**2023**<br>**£**<br>**41,838**|
|---|---|---|---|
||**41,838**||**41,838**|
||**Current year**<br>**Unrestricted**<br>**Funds**<br>**2023**<br>**£**<br>7,141||**Current year**<br>**Total Funds**<br>**2023**<br>**£**<br>**49,320**|
||**7,141**||**49,320**|
|||||
||**48,979**||**91,158**|
||**Current year**<br>**Unrestricted**<br>**Funds**<br>**2023**<br>**£**<br>15<br>82,188||**Current year**<br>**Total Funds**<br>**2023**<br>**£**<br>**15**<br>**82,188**|
||**82,203**||**82,203**|
||**Current year**<br>**Unrestricted**<br>**Funds**<br>**2023**<br>**£**<br>-<br>-<br>5,113<br>2,803||**Current year**<br>**Total Funds**<br>**2023**<br>**£**<br>**42,834**<br>**1,113**<br>**5,113**<br>**2,803**|
||**7,916**||**51,863**|



16 



## **Calvary Chapel Cardiff** 

## **Detailed analysis of income and expenditure for the year ended 31 March 2023 as required by the SORP 2015** 

## **26 Expenditure on charitable activities- Grant funding of activities** 

|**Current year**<br>**Current year**<br>**_Current Year_**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**2023**<br>**2023**<br>**£**<br>**£**<br>1,313<br>-<br>**Total grantmaking costs**<br>**B2c**<br>**1,313**<br>**-**<br>**27**<br>**Current year**<br>**Current year**<br>**_Current Year_**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**2023**<br>**2023**<br>**£**<br>**£**<br>**_Premises Expenses_**<br>4,835<br>-<br>**_Administrative overheads_**<br>1,190<br>-<br>1,222<br>-<br>**_Financial costs_**<br>780<br>-<br>**Support costs before reallocation**<br>**8,027**<br>**-**<br>**Total support costs - Current Year**<br>**8,027**<br>**-**<br>The basis of allocation of costs between activities is described under accounting policies<br>**28 Other Expenditure - Governance costs**<br>**Current year**<br>**Current year**<br>**_Current Year_**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**2023**<br>**2023**<br>**£**<br>**£**<br>Independent Examiner's fees<br>480<br>-<br>**Total Governance costs**<br>**480**<br>**-**<br>**29 Total Charitable expenditure**<br>**Current year**<br>**Current year**<br>**_Current Year_**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**2023**<br>**2023**<br>**£**<br>**£**<br>Total direct spending<br>**B2a**<br>7,916<br>43,947<br>Total grantmaking costs<br>**B2c**<br>1,313<br>-<br>Total support costs<br>**B2d**<br>8,027<br>-<br>Total Governance costs<br>**B2e**<br>480<br>-<br>**Total charitable expenditure**<br>**B2**<br>**17,736**<br>**43,947**<br>**Support costs for charitable activities**<br>Benevolence and gifts<br>Subscriptions and software<br>Room Hire<br>Administration and general running costs<br>Depreciation & Amortisation in total for the|**Current year**<br>**Current year**<br>**_Current Year_**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**2023**<br>**2023**<br>**£**<br>**£**<br>1,313<br>-<br>**Total grantmaking costs**<br>**B2c**<br>**1,313**<br>**-**<br>**27**<br>**Current year**<br>**Current year**<br>**_Current Year_**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**2023**<br>**2023**<br>**£**<br>**£**<br>**_Premises Expenses_**<br>4,835<br>-<br>**_Administrative overheads_**<br>1,190<br>-<br>1,222<br>-<br>**_Financial costs_**<br>780<br>-<br>**Support costs before reallocation**<br>**8,027**<br>**-**<br>**Total support costs - Current Year**<br>**8,027**<br>**-**<br>The basis of allocation of costs between activities is described under accounting policies<br>**28 Other Expenditure - Governance costs**<br>**Current year**<br>**Current year**<br>**_Current Year_**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**2023**<br>**2023**<br>**£**<br>**£**<br>Independent Examiner's fees<br>480<br>-<br>**Total Governance costs**<br>**480**<br>**-**<br>**29 Total Charitable expenditure**<br>**Current year**<br>**Current year**<br>**_Current Year_**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**2023**<br>**2023**<br>**£**<br>**£**<br>Total direct spending<br>**B2a**<br>7,916<br>43,947<br>Total grantmaking costs<br>**B2c**<br>1,313<br>-<br>Total support costs<br>**B2d**<br>8,027<br>-<br>Total Governance costs<br>**B2e**<br>480<br>-<br>**Total charitable expenditure**<br>**B2**<br>**17,736**<br>**43,947**<br>**Support costs for charitable activities**<br>Benevolence and gifts<br>Subscriptions and software<br>Room Hire<br>Administration and general running costs<br>Depreciation & Amortisation in total for the|**Current year**<br>**Current year**<br>**_Current Year_**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**2023**<br>**2023**<br>**£**<br>**£**<br>1,313<br>-<br>**Total grantmaking costs**<br>**B2c**<br>**1,313**<br>**-**<br>**27**<br>**Current year**<br>**Current year**<br>**_Current Year_**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**2023**<br>**2023**<br>**£**<br>**£**<br>**_Premises Expenses_**<br>4,835<br>-<br>**_Administrative overheads_**<br>1,190<br>-<br>1,222<br>-<br>**_Financial costs_**<br>780<br>-<br>**Support costs before reallocation**<br>**8,027**<br>**-**<br>**Total support costs - Current Year**<br>**8,027**<br>**-**<br>The basis of allocation of costs between activities is described under accounting policies<br>**28 Other Expenditure - Governance costs**<br>**Current year**<br>**Current year**<br>**_Current Year_**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**2023**<br>**2023**<br>**£**<br>**£**<br>Independent Examiner's fees<br>480<br>-<br>**Total Governance costs**<br>**480**<br>**-**<br>**29 Total Charitable expenditure**<br>**Current year**<br>**Current year**<br>**_Current Year_**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**2023**<br>**2023**<br>**£**<br>**£**<br>Total direct spending<br>**B2a**<br>7,916<br>43,947<br>Total grantmaking costs<br>**B2c**<br>1,313<br>-<br>Total support costs<br>**B2d**<br>8,027<br>-<br>Total Governance costs<br>**B2e**<br>480<br>-<br>**Total charitable expenditure**<br>**B2**<br>**17,736**<br>**43,947**<br>**Support costs for charitable activities**<br>Benevolence and gifts<br>Subscriptions and software<br>Room Hire<br>Administration and general running costs<br>Depreciation & Amortisation in total for the|**Current year**<br>**Total Funds**<br>**2023**<br>**£**<br>**1,313**|
|---|---|---|---|
||||**1,313**|
||||**Current year**<br>**Total Funds**<br>**2023**<br>**£**<br>**4,835**<br>**1,190**<br>**1,222**<br>**780**|
||||**8,027**<br>**8,027**<br>**Current year**<br>**Total Funds**<br>**2023**<br>**£**<br>**480**<br>**480**<br>**Current year**<br>**Total Funds**<br>**2023**<br>**£**<br>**51,863**<br>**1,313**<br>**8,027**<br>**480**<br>**61,683**|
||**480**|||
||**Current year**<br>**Unrestricted**<br>**Funds**<br>**2023**<br>**£**<br>7,916<br>1,313<br>8,027<br>480|||
||**17,736**|||
|||||
|||||



17