First Love Calvary Church
Charity No. 1201055
Company No. 13055356
Trustees' Report and Unaudited Accounts
31 December 2024
First Love Calvary Church Contents
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2 to 3 | |
| Independent Examiner's Report | 4 | |
| Statement of Financial Activities | 5 | |
| Summary Income and Expenditure Account | 6 | |
| Balance Sheet | 7 | |
| Notes to the Accounts | 8 to | 11 |
| Detailed Statement of Financial Activities | 12 to | 13 |
Page 1
First Love Calvary Church Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 December 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 13055356
Charity No. 1201055
Registered Office
C/O St Barnabas Church Browning Road London E12 6PB
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
Benjamin Benson Moses Elisha Stephen John Albert Sundararaj
Directors of Corporate Trustees
Benjamin Benson Moses John Albert Sundararaj
Elisha Stephen
Company Secretary
Carmel Sumathi
Accountants
Ace Accountants & Tax Consultants Ltd 127 Fencepiece Road Ilford Essex IG6 2LD
Solicitors
Anthony Collins solictors 134 Edmund Street Birmingham B3 2ES
OBJECTIVES AND ACTIVITIES
Page 2
First Love Calvary Church Trustees Annual Report
The charity's principal objective as set out in its Memorandum and Articles of Association is the advancement of the Christian religion in London, UK and the world by holding regular public worship, prayer meetings, bible studies and Sunday school ministry for children.
The charity has engaged in the promotion of the Christian faith by:
Sunday worship service throughout the year
Weekly prayer meetings and bible studies on zoom
Weekly Sunday school lessons for children
ACHIEVEMENTS AND PERFORMANCE
Fornightly evangelism meeting preaching the gospel in the streets
Visiting the sick and bereaved families offering prayer support
Women’s fellowship to encourage and support women in their walk with God.
A baptism service and all night prayer meeting was held at Woodgrange Baptist church
A three day revival meeting encouraged spiritual growth and deepened commitment which increased attendees in the church
The charity supported missions around the world such as Albanian mission, leprosy mission and Teen challenge.
The charity is blessed with volunteers who serve faithfully in advancing the Christian faith and relieving hardship in the community.
FINANCIAL REVIEW
The church relies on donations from the congregation to cover its operating costs. The congregation give generously towards the charity's activities.
There are no serious incidents or other matters relating to the charity during this financial period.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
Benjamin Benson Moses Trustee 24 September 2025
Page 3
First Love Calvary Church Independent Examiners Report
Independent Examiner's Report to the trustees of First Love Calvary Church
I report to the charity trustees on my examination of the financial statements of First Love Calvary Church for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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.
Mr Majuran Pushpanathan ACMA Ace Accountants & Tax Consultants Ltd 127 Fencepiece Road Ilford
Essex IG6 2LD 24 September 2025
Page 4
First Love Calvary Church Statement of Financial Activities
for the year ended 31 December 2024
| Notes Income and endowments from: Donations and legacies 4 Total Expenditure on: Charitable activities 5 Other 6 Total Net gains on investments Net income Transfers between funds Net income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2024 £ 40,664 |
Total funds 2024 £ 40,664 |
Total funds 2023 £ 28,397 |
|---|---|---|---|
| 40,664 7,641 12,703 |
40,664 7,641 12,703 |
28,397 5,902 11,061 |
|
| 20,344 - |
20,344 - |
16,963 - |
|
| 20,320 - |
20,320 - |
11,434 - |
|
| 20,320 | 20,320 | 11,434 | |
| 20,320 28,139 |
20,320 28,139 |
11,434 16,705 |
|
| 48,459 | 48,459 | 28,139 |
Page 5
First Love Calvary Church Summary Income and Expenditure Account
for the year ended 31 December 2024
| Income Gross income for the year Expenditure Total expenditure for the year Net income before tax for the year Net income for the year |
2024 £ 40,664 40,664 20,344 20,344 20,320 20,320 |
2023 £ 28,397 |
|---|---|---|
| 28,397 | ||
| 16,963 | ||
| 16,963 | ||
| 11,434 | ||
| 11,434 |
Page 6
First Love Calvary Church Balance Sheet
at 31 December 2024
| at 31 December 2024 | |
|---|---|
| Company No. 13055356 Notes 2024 £ Current assets Debtors 7 281 Cash at bank and in hand 48,658 48,939 Creditors:Amount falling due within one year 8 (480) Net current assets 48,459 Total assets less current liabilities 48,459 Net assets excluding pension asset or liability 48,459 Total net assets 48,459 The funds of the charity Restricted funds 9 Unrestricted funds 9 General funds 48,459 48,459 Reserves 9 Total funds 48,459 |
2023 £ 500 28,119 |
| 28,619 (480) |
|
| 28,139 28,139 |
|
| 28,139 | |
| 28,139 | |
| 28,139 | |
| 28,139 | |
| 28,139 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 24 September 2025
And signed on its behalf by:
Benjamin Benson Moses Trustee
24 September 2025
Page 7
First Love Calvary Church Notes to the Accounts
for the year ended 31 December 2024
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the income charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in legacies the the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
-
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market revaluation of fixed value at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 8
First Love Calvary Church Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT expenditure which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, raising funds fundraising trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities charitable activities and services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 9
First Love Calvary Church Notes to the Accounts
3 Statement of Financial Activities - prior year
| Income and endowments from: Donations and legacies Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies 5 Expenditure on charitable activities Expenditure on charitable activities Missions support and Sunday school Ministry support Donation to other charity Governance costs |
Unrestricted £ 40,664 40,664 Unrestricted £ 460 5,440 1,741 7,641 |
Unrestricted funds 2023 £ 28,397 28,397 5,902 11,061 16,963 11,434 11,434 11,434 16,705 28,139 Total 2024 £ 40,664 40,664 Total 2024 £ 460 5,440 1,741 7,641 |
Total funds 2023 £ 28,397 |
|---|---|---|---|
| 28,397 5,902 11,061 |
|||
| 16,963 | |||
| 11,434 | |||
| 11,434 | |||
| 11,434 16,705 |
|||
| 28,139 | |||
| Total 2023 £ 28,397 |
|||
| 28,397 | |||
| Total 2023 £ 2,952 2,950 - |
|||
| 5,902 |
Page 10
First Love Calvary Church Notes to the Accounts
6 Other expenditure
| 6 Other expenditure |
||||
|---|---|---|---|---|
| Motor and travel costs Premises costs General administrative costs Legal and professional costs 7 Debtors Other debtors 8 Creditors: amounts falling due within one year Accruals 9 Movement in funds Restricted funds: Unrestricted funds: General funds Total funds 10 Analysis of net assets between funds Net current assets |
At 1 January 2024 28,139 28,139 |
Unrestricted £ 70 6,108 5,853 672 12,703 2024 £ 281 281 2024 £ 480 480 Incoming resources (including other gains/losses ) £ 40,664 40,664 |
Total 2024 £ 70 6,108 5,853 672 12,703 Resources expended £ (20,344) (20,344) Unrestricted funds £ 48,459 48,459 |
Total 2023 £ 17 4,772 4,548 1,724 |
| 11,061 | ||||
| 2023 £ 500 |
||||
| 500 | ||||
| 2023 £ 480 |
||||
| 480 | ||||
| At 31 December 2024 £ 48,459 |
||||
| 48,459 | ||||
| Total £ 48,459 |
||||
| 48,459 |
Page 11
First Love Calvary Church Notes to the Accounts
11 Reconciliation of net debt
| Reconciliation of net debt | |||
|---|---|---|---|
| Cash and cash equivalents Net debt |
At 1 January 2024 £ |
Cash flows £ |
At 31 December 2024 £ |
| 28,119 | 20,539 | 48,658 | |
| 28,119 28,119 |
20,539 20,539 |
48,658 | |
| 48,658 |
12 Related party disclosures Controlling party
Page 12
First Love Calvary Church Detailed Statement of Financial Activities
for the year ended 31 December 2024
| Income and endowments from: Donations and legacies Total income and endowments Expenditure on: Charitable activities Missions support and Sunday school Ministry support Donation to other charity Total of expenditure on charitable activities Motor and travel costs Travel and subsistence Premises costs Rent Premises cleaning General administrative costs, including depreciation and amortisation Equipment expensed Information and publications Postage and couriers Software, IT support and related costs Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Consultancy fees Other legal and professional costs Total of expenditure of other costs |
Unrestricted funds 2024 £ 40,664 40,664 40,664 460 5,440 1,741 7,641 7,641 70 70 6,012 96 6,108 719 1,025 - 612 1,518 307 629 1,043 5,853 480 40 152 672 12,703 |
Total funds 2024 £ 40,664 40,664 40,664 460 5,440 1,741 7,641 7,641 70 70 6,012 96 6,108 719 1,025 - 612 1,518 307 629 1,043 5,853 480 40 152 672 12,703 |
Total funds 2023 £ 28,397 |
|---|---|---|---|
| 28,397 | |||
| 28,397 2,952 2,950 - |
|||
| 5,902 | |||
| 5,902 17 |
|||
| 17 | |||
| 4,716 56 |
|||
| 4,772 | |||
| 2,058 765 438 - 549 229 27 482 |
|||
| 4,548 | |||
| 480 - 1,244 |
|||
| 1,724 | |||
| 11,061 |
Page 13
First Love Calvary Church Detailed Statement of Financial Activities
| First Love Calvary Church Detailed Statement of Financial Activities |
|||
|---|---|---|---|
| Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
20,344 - 20,320 20,320 - 20,320 28,139 48,459 |
20,344 - 20,320 20,320 - 20,320 28,139 48,459 |
16,963 - |
| 11,434 | |||
| 11,434 - |
|||
| 11,434 | |||
| 16,705 | |||
| 28,139 |
Page 14