2024-03-31-accounts

The Charity Registration Number is :- 1195975

Calvary Chapel Cardiff Report and Accounts 31 March 2024

Calvary Chapel Cardiff

Report and accounts for the year ended 31 March 2024

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		10
Revenue Funds		10
Balance sheet		11
Notes to the accounts		12

Calvary Chapel Cardiff

Trustees' Annual Report for the year ended 31 March 2024

The Trustees present their Report and Accounts for the year ended 31 March 2024.

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 [phone] Email Address [e-mail] 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 2024 :-

The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.

All the trustees are also members of the charity.

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.

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Calvary Chapel Cardiff

Trustees' Annual Report for the year ended 31 March 2024

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 continued to enjoy the use of a community building in Heath Park, Cardiff, for the majority of the year, holding its final service in Heath Park on Sunday 24th March 2024. The Good Friday Service and Easter Sunday service, being the final services of the reporting year, were both held at the newly acquired and converted Church Building in Cardiff Gate.

Ministries

Calvary Chapel Cardiff has been holding its Sunday services at Heath Citizens Community Hall in Cardiff since March 2021, meeting in the heart of an established community, but has now acquired its own premises in Cardiff Gate Business Park. The Charity acquired a modern, vacant two story office building in January 2024 after successfully achieving planning permission to convert it into religious use as a condition for purchase. The works to convert and adapt the internal layout of the building from an office to a church meeting space took two months, and the very hard and skilled work of many volunteers, both from within the membership of Calvary Chapel Cardiff, and also from other supporting church fellowships. The ground floor primarily functions as the main church sanctuary, which seats approximately 120 people, and the upstairs provides several rooms and much open space for the church to carry out its various midweek ministries, as well as study space, counselling rooms, and rooms for Sunday School to operate during the church service.

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Calvary Chapel Cardiff

Trustees' Annual Report for the year ended 31 March 2024

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.

The new building has allowed the Charity to firmly establish itself further, and already we have seen many new visitors to our services, many of whom have made the church their new home church.

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.

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 supports Christian Concern, a not-for-profit Christian organisation that carries out vital work supporting and representing Christians who find themselves persecuted for their faith, as well as campaigning to protect and uphold Christian principles, values and truth across the UK. We also seek to support the needs of Christian missionaries within the UK and abroad.

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Calvary Chapel Cardiff

Trustees' Annual Report for the year ended 31 March 2024

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 2024

The financial position of the charity at 31 March 2024 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Total Funds Net income Unrestricted Revenue Funds available for the general purposes of the charity	2024 £ 19,178
	130,856
	130,856

Financial review of the position at the reporting date, 31 March 2024.

Income for the year totalled £101,987. Included in income was £40,026 of restricted Funds, which were fully expended in the year.

Expenditure for the year totalled £82,809, including £51,957 relating to Restricted Funds. The result was a net surplus of £19,178 and Total Funds carried forward of £130,856.

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

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Calvary Chapel Cardiff

Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 March 2024

I report to the Trustees on my examination of the financial statements of the charity on pages 8 to 20 for the year ended 31 March 2024 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 12.

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.

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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.

Signed:-

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 28 October 2024

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Calvary Chapel Cardiff - Statement of Financial Activities for the year ended 31 March 2024

Statement of Financial Activities for the year ended 31 March 2024

Current year Unrestricted Funds 2024 £ Income & Endowments from: Donations & Legacies A1 61,339 Other A5 622 Total income A 61,961 Expenditure on: Charitable activities B2 30,852 Total expenditure B 30,852 Net income for the year 31,109 Transfers between funds C (11,931) Net income after transfers A-B-C 19,178 19,178 Reconciliation of funds:- E Total funds brought forward 111,678 Total funds carried forward 130,856 Net movement in funds SORP Ref	Current year Restricted Funds 2024 £ 40,026 - 40,026 51,957 51,957 (11,931) 11,931 - - - -	Current year Total Funds 2024 £ 101,365 622 101,987 82,809 82,809 19,178 - 19,178 19,178 111,678 130,856	Prior Year Total Funds 2023 £ 91,158 82,203
			173,361
			61,683
			61,683
			111,678 -
			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 12 to 20 form an integral part of these accounts.

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Calvary Chapel Cardiff - Statement of Financial Activities for the year ended 31 March 2024

Calvary Chapel Cardiff - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP

Income & Endowments from: Donations & Legacies A1 Other A5 Total income A Expenditure on: Charitable activities B2 Total expenditure B B4 Net income for the year Transfers between funds C Net income after transfers Reconciliation of funds:- E Total funds brought forward Total funds carried forward SORP Ref Net movement in funds	Prior Year Unrestricted Funds 2023 £ 48,979 82,203 131,182 9,709 9,709 121,473 (1,768) 119,705 119,705 - 119,705	Prior Year Restricted Funds 2023 £ 42,179 - - 42,179 43,947 43,947 (1,768) 1,768 - - - -	Prior Year Total Funds 2023 £ 91,158 82,203 173,361 61,683 61,683 111,678 - 111,678 111,678 -
			111,678

All activities derive from continuing operations

Statement of Total Recognised Gains and Losses for the year ended 31 March 2024

Surplus for the year :- Realised gains/(losses) on the disposal of tangible fixed assets Realised gains on disposals of social investments which are programme related Income from operations before tax in the Statement of Financial Activites Net Movement in funds Funds generated in the year as shown on Statement of Financial Activities Net excess of income over expenditure from operations before tax	2024 £ 18,556 622 - 19,178 19,178 19,178	2023 £ 111,663 15 -
		111,678
		111,678
		111,678

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Calvary Chapel Cardiff - Statement of Financial Activities for the year ended 31 March 2024

Resources applied in the year ended 31 March 2024 towards fixed assets for Charity use:-

Funds generated in the year as detailed in the SOFA Resources applied on functional fixed assets Other applications of funds Net resources available to fund charitable activities	2024 £ 19,178 (406,938) - (387,760)	2023 £ 111,678 (5,729) -
		105,949

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 2024

Revenue accumulated funds

Revenue accumulated funds
Unrestricted Funds 2024 £ Accumulated funds brought forward 111,678 31,109 142,787 (From)/To unrestricted revenue funds (11,931) Closing revenue funds 130,856 Summary of funds Unrestricted and Designated funds 2024 £ Revenue accumulated funds 130,856 Recognised gains and losses before transfers	Restricted Funds 2024 £ - (11,931) (11,931) 11,931 - Restricted Funds 2024 £ -	Total Funds 2024 £ 111,678 19,178 130,856 - 130,856 Total Funds 2024 £ 130,856	Last year Total Funds 2023 £ - 111,678
			111,678 -
			111,678
			Last Year Total Funds 2023 £ 111,678

The notes attached on pages 12 to 20 form an integral part of these accounts.

10

Yatylbk8￿￿ B1 11 B2 Y.337 1tY1611 C8th 8t b8nk b8NI 39,018 1Mm 12 C1 1C¢,744 431.795 111,678 13 I￿)339) 111.678 19 D3 130,B56 111,6n 111,678 Tot41 ch•rltyluryd¥ suwtto ￿m￿n￿l•3￿& MV¥ryN BEKfHIAUME RHY5 TrAI Ttystae Apprm* tytho ID 11

Calvary Chapel Cardiff

Notes to the Accounts for the year ended 31 March 2024

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.

Freehold property is not depreciated as it is expected to maintain its value 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.

Creditors and provisions

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

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Calvary Chapel Cardiff

Notes to the Accounts for the year ended 31 March 2024

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

Net surplus in the financial year
	2024	2023
	£	£
The net surplus in the financial year is stated after charging:-
Depreciation of owned fixed assets	1,968	780
Pension costs	1,312	1,113

6 The contribution of volunteers

The charity depends on the support of its volunteers, and the charity had 65 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.

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Calvary Chapel Cardiff

Notes to the Accounts for the year ended 31 March 2024

7 Staff costs and emoluments

Salary costs Gross Salaries excluding trustees and key management personnel Total salaries, wages and related costs The average and total number of full time staff employed and engaged in charitable activies in the year was Employer's operating costs of defined contribution pension schemes	2024 £ 50,645 1,312	2023 £ 42,834 1,113
	51,957	43,947
	1	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

Current Year Cost At 1 April 2023 Additions Disposals At 31 March 2024 Depreciation At 1 April 2023 Charge for the year On disposals At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 Prior year Cost Additions 01 April 2023 Depreciation Charge for the year 01 April 2023 Net book value 01 April 2023	Land and Buildings £ - 406,354 -	Plant & Machinery £ 5,714 248 (271)	Motor Vehicles £ - - -	Total £ 5,714 406,602 (271)
	406,354	5,691	-	412,045
	- - -	780 1,968 (53)	- - -	780 1,968 (53)
	-	2,695	-	2,695
	406,354	2,996	-	409,350
	-	4,934	-	4,934
	Land and Buildings £ -	Plant & Machinery £ 5,714	Motor Vehicles £ -	Total £ 5,714
	-	5,714	-	5,714
	-	780	-	780
	-	780	-	780
	-	4,934	-	4,934

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Calvary Chapel Cardiff

Notes to the Accounts for the year ended 31 March 2024

Notes to the Accounts for the year ended 31 March 2024
10 Stocks & Work in Progress Stocks before write downs 11 Debtors Prepayments and accrued income 12 Creditors: amounts falling due within one year Bank loans and overdrafts Accruals PAYE, NIC VAT and other taxes Other creditors 13 Creditors: amounts falling due after one year Bank loans and overdrafts 14 Loans to trustees included in debtors There have not been any loans to trustees. 15 Guarantees made by the charity on behalf of trustees No guarantees have been made 16 Income and Expenditure account summary At 1 April 2023 Surplus for the year At 31 March 2024 17 No related party transactions	2024 £ 440	2023 £ 825
	2024 £ 4,078	2023 £ 7,337
	2024 £ 16,060 540 1,406 3,085	2023 £ - 480 1,081 468
	21,091	2,029
	2024 £ 300,939	2023 £ -
	2024 £ 111,678 19,178	2023 £ - 111,678
	130,856	111,678

There were no transactions with related parties in the year , except with regard to trustees' remuneration, which are fully disclosed in note 7 above. 18 Particulars of how particular funds are represented by assets and liabilities

At 31 March 2024 Tangible Fixed Assets Current Assets Current Liabilities Long Term Liabilities	Unrestricted funds £ 409,350 43,536 (21,091) (300,939)	Designated funds £ - - -	Restricted funds £ - - - -	Total Funds £ 409,350 43,536 (21,091) (300,939)
	130,856	-	-	130,856

15

Calvary Chapel Cardiff

Notes to the Accounts for the year ended 31 March 2024

19 Change in total funds over the year as shown in Note 18 , analysed by individual funds

Funds brought forward from 2023 Movement in funds in 2024 See Note 20 £ £ Unrestricted and designated funds:- Unrestricted Revenue Funds 111,678 31,109 Total unrestricted and designated funds 111,678 31,109 Restricted funds:- Missionary Fund - (11,931) Total restricted funds - (11,931) Total charity funds 111,678 19,178 20 Analysis of movements in funds over the year as shown in Note 19 Income Expenditure 2024 2024 £ £ Unrestricted and designated funds:- Unrestricted Revenue Funds 61,961 (30,852) Restricted funds:- Missionary fund 40,026 (51,957) 101,987 (82,809)	Funds brought forward from 2023 £ 111,678	Movement in funds in 2024 See Note 20 £ 31,109	See Note 21 £ (11,931) Transfers between funds in 2024	Funds carried forward to 2025 £ 130,856
	111,678	31,109	(11,931)	130,856
	-	(11,931)	11,931	-
	-	(11,931)	11,931	-
	111,678	19,178	-	130,856
			Other Gains & Losses 2024 £ - -	Movement in funds 2024 £ 31,109 (11,931)
	101,987	(82,809)	-	19,178

21 Details of transfers between

To/(from) Restricted Revenue Funds Net transfers To/(from) Unrestricted Revenue Funds in accordance with the accounting policy 'Accounting for capital grants and fixed asset funds'. The transfers shown in note 19 above are:-	2024 £(11,931) 11,931
	-

16

Calvary Chapel Cardiff

Notes to the Accounts for the year ended 31 March 2024

22 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.

23 Ultimate controlling party

The charity is under the control of its legal members.

17

Calvary Chapel Cardiff

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

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

24 Donations, Grants and Legacies

			Current year	Current year	Current year	Prior Year
			Unrestricted	Restricted	Total Funds	Total Funds
			Funds	Funds
			2024	2024	2024	2023
			£	£	£	£
	Donations and gifts from individuals
	Offerings and donations		54,427	-	54,427	41,838
	Total donations and gifts from individuals		54,427	-	54,427	41,838
			Current year	Current year	Current year	Prior Year
			Unrestricted	Restricted	Total Funds	Total Funds
			Funds	Funds
			2024	2024	2024	2023
			£	£	£	£
	Revenue grants and donations from non public
	bodies
	Gifts from partnered churches		6,912	40,026	46,938	49,320
	Total private sector revenue grants		6,912	40,026	46,938	49,320
	Revenue grants and donations from non public bodies		(Include Gift Aid	donations from subsidiaries)		- Prior
	Year analysis
			Prior Year	Prior Year	Prior Year
			Unrestricted Funds	Restricted Funds	Total Funds
			2023	2023	2023
			£	£	£
	Prior Year		7,141	42,179	49,320
	Total Donations, Grants and Legacies
	Total Donations, Grants and Legacies	A1	61,339	40,026	101,365	91,158
			Unrestricted	Restricted	Prior Year
	Prior year		Funds	Funds	Total Funds
			2023	2023	2023
			£	£	£
	Total Donations, Grants and Legacies	A1	48,979	42,179	91,158
**25 **	Other income and gains
			Current year	Current year	Current year	Prior Year
			Unrestricted	Restricted	Total Funds	Total Funds
	Current year		Funds	Funds
			2024	2024	2024	2023
			£	£	£	£
	Summary of Realised Gains
	Realised gains on disposals of tangible fixed assets held for the charity’s own use		622	-	622	15
	Closing reserves from Calvary Chapel Cardiff Wales charity no 1094670		-	-	-	82,188
	Total other income	A5	622	-	622	82,203

18

Calvary Chapel Cardiff

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

26 Expenditure on charitable activities - Direct spending

26 Expenditure on charitable activities - Direct spending
Current year Current year Current Year Unrestricted Funds Restricted Funds 2024 2024 £ £ - 50,645 - 1,312 8,572 - 3,460 - Total direct spending B2a 12,032 51,957 Prior Year Prior Year Prior Year Unrestricted Funds Restricted Funds 2023 2023 £ £ - 42,834 - 1,113 Total direct spending B2a 7,916 43,947 27 Expenditure on charitable activities- Grant funding of activities Current year Current year Current Year Unrestricted Funds Restricted Funds 2024 2024 £ £ 3,749 - Total grantmaking costs B2c 3,749 - 28 Current year Current year Current Year Unrestricted Funds Restricted Funds 2024 2024 £ £ Premises Expenses 635 - 3,680 - 1,424 - 389 - Administrative overheads 1,966 - 1,047 - Financial costs 3,422 - 1,968 - Support costs before reallocation 14,531 - Total support costs - Current Year 14,531 - The basis of allocation of costs between activities is described under accounting policies Gross wages and salaries - charitable activities Premises repairs, renewals and maintenance Gross wages and salaries - charitable activities Administration and general running costs Depreciation & Amortisation in total for the Foreign exchange loss Room Hire Subscriptions, software and website Benevolence and gifts Support costs for charitable activities Property insurance Defined contribution pension costs - charitable activities Ministry and outreach Conference costs Defined contribution pension costs - charitable activities Rates and utilities	Current year Total Funds 2024 £ 50,645 1,312 8,572 3,460 63,989 Prior Year Total Funds 2023 £ 42,834 1,113 51,863 Current year Total Funds 2024 £ 3,749	Prior Year Total Funds 2023 £ 42,834 1,113 5,113 2,803
		51,863
		Prior Year Total Funds 2023 £
		1,313
	3,749	1,313
	Current year Total Funds 2024 £ 635 3,680 1,424 389 1,966 1,047 3,422 1,968	Prior Year Total Funds 2023 £ - 4,835 - - 1,190 1,222 - 780
	14,531 14,531	8,027
		8,027

19

Calvary Chapel Cardiff

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

29 Other Expenditure - Governance costs

Current Year Independent Examiner's fees Total Governance costs All the expenditure in the prior year was unrestricted. 30 Total Charitable expenditure Current Year Total direct spending B2a Total grantmaking costs B2c Total support costs B2d Total Governance costs B2e Total charitable expenditure B2 Prior Year Total direct spending B2a Total grantmaking costs B2c Total support costs B2d Total Governance costs B2e Total charitable expenditure B2	Current year Unrestricted Funds 2024 £ 540	Current year Restricted Funds 2024 £ - - Current year Restricted Funds 2024 £ 51,957 - - - 51,957 Prior Year Restricted Funds 2023 £ 43,947 - - -	Current year Total Funds 2024 £ 540 540 Current year Total Funds 2024 £ 63,989 3,749 14,531 540 82,809 Prior Year Total Funds 2023 £ 51,863 1,313 8,027 480	Prior Year Total Funds 2023 £ 480
	540			480
	Current year Unrestricted Funds 2024 £ 12,032 3,749 14,531 540			Prior Year Total Funds 2023 £ 51,863 1,313 8,027 480
	30,852			61,683
	Prior Year Unrestricted Funds 2023 £ 7,916 1,313 - 480
	9,709	43,947	61,683

20