## **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