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 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 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.
1
## **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.
2
## **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.
3
## **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
Calvarychapol Canllff
TNsteos' ADnual Roport for the yow ondod 31 Mwch 2024
statwwnt of Tr1•••. ROSp1b1llll0s
The trtee$ reS[ble in aC[lIsnL*wI1h the
ta$ of tho Ch1[0&Al*20l1 tha Ch*U85 IA(%iMitsa>J Rewtsl RUIk) 20.
200& h tllw ofthe fact that the SORP 2(K6 has t1hthaWTr. th&Trudee8 d8l8Third to
Interprptthl¥ resp811 as rwlrtrwJ h)am pwtice and Fryar8 the
a(wunt8 a(zirdiThJ to th9 FRS q¢R SCliP Iststerwrt d RW[*1 Pwuce for ACC19
arK1 ReporfTrJ by c98) 2011 {88 tythg Bull*kn Or1ts2018 ond
8ppIIL*bla to 811 )unkng cJ8 bewnro 0fter 181 jery191Th0 SORPI,.
prepgrg flnandal stst8mts ts68th l*wKl81 y&ar4 arKI faIr({1h& 818t8
affalr8 of the thrtty 83 at Drfin81 ofthè Lydolldt ofth& tharity. In
a IM 8nd tslrNl**of•*slth daflotrs dthe (l• aTrJ th? ordofidioflh
charity for the >eer.
YAth r0880nabkn acujraey at Uma Ihe fda1 dlhg dRiityand *thlch are $uffident
ts) 81w and aXFAakn th8 1*4iW¥ IT8ns•kn wththemk) 0n9Wgthat the fjnBndal
stAemwts o)rnrtywth reg8on8 m8d8 wthrthe C#wltkns Nd 2011. Th8y8re abo re1@
f$&feUarlj th6 assets crfthe L** and frrflhè
the Irthntth Fthrin Tplthntr*tt*Tn*' 10 wm&)Irfj Ihg and wrin0
KElnN BERIHIAUk
RIWS HLIGHES
## **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.
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.
## **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
7
## **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.**
8
## **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**|
9
## **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 mnl•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.
12
## **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.
13
## **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**|
14
## **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