(.'al% Cli I'isliaii l.el11& 511ip Conten15 uf the Fii)aiici21 Statenienls r 'l'he I'i.?r F.ii(Ii.d J l .%qdrch 2025 Report of ilie Truslee5 I Iidepeiideiil E%4iniin¢r's tiepot- Slati'mcnt nf Fi112ncial Aclii'ilies Ilolance Sheet INiiles lo IhL. Tr"iiiancial .%talemellts DL.tJiled Sialement ijl Financial Aclivilie5
Calv8ry Clsri,4liaii li
L,IIuTh's1iip
Repoi't (If Ille Ti'ii.Ili'es
Fthr I"IIL. I'i'Éll' Li tideil 31 1}il.ch 2025
Tlic Ii'uslee5 present Ilicii. rLpoi1 ivith the fiii
Cxlv:Iry Lhri5tiakn b'elloivsliii> Ileprbrl lif thi Triislees For 1'1IL, YL'41 I. Iiidc(131 Trlarch 2025 and signed on ils belialf by.. Page 3
liidepLbndeiii Ci xuininL'i s Ileiiurl lo IIIL friistec5 of
Ctslyary Clirislimn Fellowshlp
I report on Ihc i1¢counts for the y¢ar ended 31 March 2025 set out on pages five to elci'en.
Rcspeclive responsibilities of iriistees alli3 eiamiiier
'Ihc Ll-.¢iriTr's Ii'Jsl¢L.% afL' riipollsiilc for Ilie prepiiralic)n of the accouiits in ac¢ordnn¢e with Ihe l¢rm,q of the Chitri
aiid TriisleL InvL.stsncnl (.Siiitland) Acl 200) iiThJ ihe Charilics AccounL8 (Scotlhnd) R¢gulalion$ 2006 (fts amcndcd}.
chc2rilJ'8 Iriislees consiiler Il?.It Ihe #..tidit reqjiremenl of RebFU.alioi l O( i )(aj to {c) of thc Accoun1> Regulatiolli does
apply. It is my responsihilil). to exiniinc thL' accounts as rvquireL uiider S¢Llion 44{ IXL) of U)c Act and io slaic wlic
P¥lrticular niattcrs have com¢ tv ni>. (Itleiilioii.
cs
he
ol
er
Ila5L% Dr the indepeiidenl examiner'5 I'eport
y examin£ltiiin L(Inieil uut :n &LLI)rilw)ce with Regulatinn I l of tlic C.harilies Accounis (%¢oila'.Id) Regulali
?006. An exAir.inaiinn includes a vieW of Ine aoun.11g records kipl bj. Ihe charilv and iL comphi'ison of ilic accoii
presen:.ed w ith tb.os¢ records. 11 2150 includes C4)n5idcr21ion of an>. ur,usiia'. itrnLq or disc,osures iii tlic accounts,
s¢ck"ing expla1121ions fri)m you as Inlee5 roIK-erninD S.ILlI INlters. llIL prucL.dur£'s uidcrliL'ILn do nol prolde
the evtdenLL ihal i%"Liuld bty requir(Ml in ali audit, und Conslient[Y I du i)nt ekpre.ss an aiidil npiiyinn on i'iew givc 11
thc tiiii)unls_
Is
iidependetit exanilner's stftleiiient
In wiiii¥ili()ii willi Iiiy Lxan'.li)il' Iuil. iio inallLY Lomc lo iiiy alleDlion
(l) which givLS rn¢ reasoiiablc causc to b¢.te in inaterial resp2cl. the requiremeiitS
lo keep accounting records in acvordanc¢ '1[h Scclion 44{1)(a) ol th¢ 2(K>5 A¢1 and R¢gul
Calvury Christian Fellnwsliii) Statement of FinaneiAI Attivilios For The l'ear F,nded 31 Nlai'cli 2025 31.3.25 31.3.24 'rolal fiinds Unreslricled funds Restricted fvnds fiiiids NeS INCOIII,; AND I:, liDOIVMf4 NTS FROM L)onLilions and IcgFacics 96,197 96,197 95,231 EXIPI'.NDII'LIRF. ON ChArilablL' aCtivilie5 Ch<uiLuble 106,3S2 106,352 102,014 NF.T INCO%IEI(F.XPF.NDITURr.) (10,155) (111,155) (6,783 CONCILIA'I'ION C)F FUNDS T(?fJl lund5 bruublil forni Ird 427,R06 427,806 434,589 TOTAL FIINDS CARRIID bORWARI) 417,651 417,651 427,806 ThL notes form part ol-Il)ese finaiicial slaleinLnls PA Trp S
Cali'airy C.hrislian Fellnw'sliip Balance Shee¢ 31 l¥lnrch •024 Jl.3.2 Total lunds 31.3.24 Tolal funds unstrIcted funds Restricted funds IXKI) ASSk'l'S 1 angible assets 319,345 319,345 32%,On8 C."URRb.NT A&SF.TrS 3,325 98,643 3,325 98.643 ( ash b&nk and ij? h&rKI 96,744 101,968 JOl.968 101.996 cIIEDI'I'c)Ks Amounts falliTlg clue within une year (3,662) (3,662) (2.198 NF.T CIIRRFNT A¢y%F.TS 98,Jl 98,306 99,798 T()TAL ASSETS LESS CURRENT LIABII.ITir.s 417,641 4l7,651 427.806 I%F,T ASSF.T5 417,651 417,6.$1 427.806 F[IYD,% IlnrLslr:cled funds 417,651 427.806 'I'I)'I'AL Tr'Uhl)S 417,6.51 4?7.R06 lThe tLni=i) were apProed by the Bowd of Trusteas and aiithorised for issue and 'ere signcd on ils behall by-. 'Fhe IiOle.% f(JnTi parl ofiliese finAnciAI stkieinenls
CalvMI'y Chri%tiull Tr'ellnw'shii) NThle8 ta the tten)entS Vor 'l'he Year li Iideil 31 rn1 arLlI 202$ ACC()UNTINC. poI,Icir,s 114sis of iji'eparing Ilie fiiiigiicial statements 'I'h¢ finai)LllÉ l .%liilcii)eii15 of the cliarity. which is 41 public benefit eiilily under fRS 102, have bccn prepared accordaiice with thL Lhiirilies SOKP (bR8 102) 'ALLouiiliii& aiid Ileporting by Cli(u'ilies.' Siul¢inenl Reciimmeiidcd Praclicc applicahll to cli()rilies prcp(Iring ]LIf dL¢uuiI15' in ULcorclcinLL' Witl) tl)e Pinanc Reporting Slandai'd 1¢pplicable in di¢ UK and Repiiblic of Jrelai)d (FRS 102) (etlcclivc l Janudry 201 Financial Il¢poiting Siiinolard 102 -1-IIL fii)illlLidl R¥pi)rting ndcvLI api)licablL in tlie IJK aiid Repiiblic Ireliiiid, and tl)e c.harities lind Ti"uslee Iiivestsneiil {SLoiliLiid) Alt 2005. '1'he financial slalenieiits have be prcpiired Liiidei- tli¥ hisloriLal LOSI Lonv¥nliuii. IiicniTie All iIicoiiie is recogni5¢d in the Siatcmcnl of Finiii)cial Activities once Ihc charity has eiititlem¥iil lo thL nds, is pi'()babl¢ ih¢il the iiicon)e w'ill bu reLeived ¢ind Ili¢ anioLinl Lan be InedSUI'ed i'eliably. ExpL'iiditiii'e Liabililics are recogni5ed as expciidiliire soon a5 Iliere 15 a Icgal or con8lniclive obligation con)nTrilling I charity to that expenditure, it is prob¢ible that a transfer ol. econoinic henelils will he reqiiii'¢d in scttlcmcnl 7¢ I Lhe dinounl of Lhe oblibvalion can be medsured reliiibly. Lxpendiliirc is dLLounled fi)r on an accrii&21% ba515 Riid l) been clas£ifiLd iind¢r lieadiii¥s Il)(i1 ciggreg>dle all cost related lo the calegnry. Wliere cost% cannot bi. direLt .?Ilribiitcd to pfti'(iLuldi' li¢adings ihcy Iiavc bien alluLkilLd Io <icliviÉic% on a baqis Loiisislcnt with UIL IIS resoiir¢es. Taiixible fixcd ussels i)epi'cciatioii is i)rovidL.d dt the following annual rates in order to write off each iTrsset over its estui)alcd us¢f life. I. rcchold propcrty Iinproi'einent5 to property l.il)rAry boi)k's C.ompiiter eqliipmenl 2 /0 011 co.%1 I S% ()n rvdiicing* balaiice 200/0 un cost 'I'llxiilion The Lli<wiIy 15 ¢x¢.nipt from lax on ils charltable activilics. Fuiiil 4iecouIitillk' lJnrcs11-iclcd liiii(1s cali be used iii accordanLL Witii the Llidril¢ible objectives al tbe di8crLilion of Ille Irustecs. R¥striLILd fiiii£ls vAri oiily bb uscd for Pdrtiuiilar reslriLILd piiri?o.%&g witliiii thL objecls of. the Lharity. Reslrictions 'isc wlicii sp¢cifi¢d by Ili¢ Lloiior or wh¥n fuiid5 lif¢ I'(li5cd for PaiiLuIAr rcstriLlcd putpuses. urther expl¢inaliun of (he nalurc and purpos¢ of¢ach fiind is included in the iiutes to tl)e financial slalemenls. Pcnsion c05t.s and other pos1-ret1remct be21efils Tlie Lli'wily op¢i"411e5 a defined COlilTibuliuii pLii.%ion %el)eii)c. ('oniribulioiTrs Pdyiible to Il)c el?iirily's pcn%ioii .%chenic are cliarg¢d lo the SialeIneiit of Financial Activitie5 in the period lo whicli Iliey rclale. Pagrc 7 coi)liiiiicd.
Calvar), Clirisiian FellO..%hip Nvtes lo the 14inanclal Sia¢einents - colitinued Fi)r The Year Ended JI Mllrcli 2025 TIIUSI'Tr',I,S' Rfi lui1.RA'A'1OP4 AND IIENF.FITS 31.3.25 31.3.24 Tnislees, salaries Ti'ustees, pensioiis paid 12,672 5,20_5 12,672 5,172 17,877 17,844 ,ST A f F C.'OSTS The averagc monihty niimkr of employees during the year w&8 as folloThs: 31.3.25 31.3.24 Wages No eii7ployces recctycd cmoluiiienls in ex¢¢ss of £60.000. C()N1PAIIATIVF.S FI)R TItF. STATF.Ml<'N'I' OF FIATrICIAL ACTIVITIES L,nres(fici¥d funds Restricled rund.% fuiids INC'()ML AP4I) ENDCIWMEfT.S FROM l)onations ai'd le&Jacies 95.231 95,231 EXPEDI.1.URL or4 Charilablc activities Charitablc 102.014 102,014 'F,T INC()MF,I(F.XPF.NDII'IIRle) (6,7¥3) {6,783) REC.'OPiCII.IA'I'IO.N C)Tr" FLD.% I'olal funds broug>hi forward 434,589 434,589 TOTAL FUIYDS CAIIIiIED FORWARD 427,806 427,806 Pa¥e 8 coiiliiiu(A...
Calvary Cl)rislian FelloM.ship
Notes to ihe FinthnciAI Statemeiils - eontinued
For Thc Ytfjr F.ndcil 31 rylarch 2025
TAf*GIIILF. FIXF.T) ASSTr','rs
Iinprovcnicnls
lo
property
Freehold
PTOPCrty
Library
books
Coiiiputer
eqiiipiiicnl
'Fi)Irils
Ai l April 2024
Addition.%
4%D,000
115.418
6,147
15,000
587,418
(1,147
Ai 31 March 2025
450,OUO
121,565
15,00
fj93,$65
DLI)RIC.'IA'I'II>N
Ai l April 2024
Ch
Cglvary Chrislian I'-ellow'ship Noles to the Tr"iDancl81 Slatenieiits- conlinucd For The Year F.nded 31 MaTch 2025 MOVF.NIENT Ill FLNDS- contlnued Nel niovement in funds, included in the above are as follows.. Incoming resources iiesources expended Movement in fund8 Unrcstrictcd funds )6,197 (91,%43) {14,809) 4,654 (14,809) Fixed a55et reserve. 96,197 (106,352) (10,155) T()TAL FiINDS 96,197 (106,352) (10,155) con1prlIVi'5 for niov¢Iii¢I in funds Nel rnovement in funds At 31.3.24 At 1.4.23 Unrestricted fllnds Cienei'al flind Fixed a8sei re5crve. 109.483 325.106 (9,685) 2,902 99,798 328,008 434,589 (6,783) 427,806 'I'OTAI. FUNI)S 434.589 (6,7831 427,806 Comparative net movement ID funds. included in the &bove are follows: Incoming i"esuurces Resnurc¢s expended .Movemenl in fuiid% IInre.IlriLled fund5 (Fcnei'l¢ I lund Fixed Iissel rt.scrve. 95.231 (104,916) 2.902 (9,685) 2,902 95231 {102.014) (6,7113) 'ro'i'AL FUiYDS 95231 (102,014) (6,783) Pagc 10 continued.
c-.alRI-Y Clii'isliii n Trlllufvyliip NutL& to Ihe li jiliinelAI %tJlcm¢iits coiilliiiied ui I'he I. Liide(l Ji f+lxrLh 2025 M()VE,111,:N'f IN FUNDS - conlinucd A currcnl ye. 12 monilis iiiid prior year 12 n)onilis conibiiied p05itlon is follow5.. Ncl moi'Limeiit in fii-'.d8 Al 31.3.25 At 1.4.23 CTC.'Iblii1 luiiJ iAc(l as.scl rcservc. 109,483 325,1116 (i,Q31) (11,907) 104,452 113,199 434,-I89 (l(?,glX) 41"I,C)51 T()TAL FIIND. 434,589 (16,938) 417,651 A current vear 12 months tfftd prior year 12 months coinbincd nei Iiiovemenl in luiid5. incliidcd in thc ubui'e a as folloll's.. liicoming rcs()UTceb Kesoiirces exFonLl¢d Mov¥inent Unr¥slJ'icted Iiinds (JLnLr,'Il f4411d iXLd asset reserve, 191,,128 (196,459) (11,907) (5.031) {11,907) 191,428 (208,31)()) (16,938) T(11'AL FIINI). 191.4?8 (208,366) (16,938) RF.I.A Tf.D PAR'fY DI%CL()SI-.RF.%i RelalLd i)41rty li?n¥aLliuns have been disclosed at note 2. io. 'I'RIJ%'I'bE LOAf* Ai t]IL year cnd, the chdriry OWL,. 1. 1,370 (2024 - £1,220). )age I I
Cmlvll ry C.Iii'isllaii Fellnwshiii Dctollcd SlulcmLnt of b Iii#IiclAI Activilies For ThL YLar F.nilcd 31 Mmrcli 2025 31.3.25 31.3.24 IP4COML ANI) ENJ)()WMF.INTS t)i)nutiunJ Mnd ILgllcley t)i)i)alioi)s ()ffLI'IIIU.' (iift aid 6,614 75,(Tr1).I 13,81)1} 6,131 14,7611 1)6,11)7 95,231 'rvtMI iiiiuniin% resoiirees 96,11)7 95,231 LXPEYI)I'I'UII Siipiiiirl Los1% NIuiiMkJL'inciit 'ri'u%lLL.%' 5611(Il'iLY 'FruslLv.s' P¢llbivns pJid 12,Ci72 5,211.f 17,84() 9113 6,788 13,267 1,473 6,020 12,672 5,172 11),2$5 C),2111 9,1157 1,637 6,126 10.-514 .153 1,803 7,1.58 2,1117 125 I Ical, light and wul#r .1 ¢lei)l)onc Ilepciirs and rencwtt14 Mii)islry - oiilrL1c ch 2,0.$1 1,1147 S'iiilionLry, adv¢rt15iiig & post Miiiislry chil(Ir¢ii 4l)7 2,71111 Miiiisli'y - me(li<l 68 221 9,(X)U 2,72.5 17.3 1,400 rrLLlii)l(I 111-upvrly 9,0110 4,262 147 ,40U l)vi)I'ebiuli(Iii (if libi'dry books (.'(InipulL'r c(iiiii)Ineiil 103,76 99,422 CiOI'crniince cusls 2,51)2 TiTrtJl rL'S()IirLL's expeiide(I 106,-7$2 IU2,014 I cl exi)eii(lilurL (10,15.5) (6,7¥3) I'hi,s Ill¢ gc dnes not fi)riii Pill-t of tlic slaliiloiy fiii<iiicial .%lateiiionts Pag?e 12