Company registration number: 06424551 Charity registration number: 1123553
Breakthrough Generation for Christ
formerly known as
Breakthrough Generation for Christ (ANCF)
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 December 2020
Daryl Denson ACMA VAST The Dudson Centre Hope Street Stoke-on-Trent ST1 5DD
Breakthrough Generation for Christ
formerly known as Breakthrough Generation for Christ (ANCF)
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 to 7 |
| Balance Sheet | 8 to 9 |
| Notes to the Financial Statements | 10 to 19 |
Breakthrough Generation for Christ
formerly known as Breakthrough Generation for Christ (ANCF)
Reference and Administrative Details
Trustees Rev. Neori N Wara Rev. Kelekeletabua Wara Rev. Timoci Tuitubou Rev. Elia Bakaniceva Josefata Naga Secretary Arieta Batirerega Principal Office 7 Lilydale Road Stoke-on-Trent Staffordshire ST2 9HH The charity is incorporated in England. Company Registration Number 06424551 Charity Registration Number 1123553 Bankers Natwest 1 Upper Market Square Hanley ST1 1QA Santander PO Box 282 21 Prescot Street E1 8AD Independent Examiner Daryl Denson ACMA VAST The Dudson Centre Hope Street Stoke-on-Trent ST1 5DD
Page 1
Breakthrough Generation for Christ
formerly known as Breakthrough Generation for Christ (ANCF)
Trustees' Report incorporating the Directors' Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 December 2020.
Trustees
Rev. Neori N Wara
Rev. Jiale Tomasi (resigned 16 April 2021)
Rev. Emori Sarogo Katalau (resigned 16 April 2021)
Rev. Kelekeletabua Wara (appointed 8 April 2021)
Rev. Timoci Tuitubou (appointed 15 April 2021)
Rev. Elia Bakaniceva (appointed 8 April 2021)
Josefata Naga (appointed 5 May 2021)
Structure, governance and management
Nature of governing document
Breakthrough Generation for Christ is a company limited by guarantee, with the liability of members limited to £10 each. The company is governed by the term of its Memorandum and Articles of Association and is registered as a charity with the Charity Commission.
Recruitment and appointment of trustees
The Trustees (who are Directors of the Company) are recruited from the members of the congregation and are appointed by the Annual General Meeting, by ordinary resolution, or by the board, at any time, either to fill a vacancy or as an additional Director.
Objectives and activities
Objects and aims
The Charity's primary objects, as stated in its Memorandum of Association are:
-
The advancement of the Christian Religion for the benefit of the public in accordance with the statement of belief in such ways as the Trustees from time to time may think fit.
-
To relieve the poverty and distress of the public and those in necessitous circumstances by the provision of money, food, clothing and other essential items, as the Trustees from time to time may think fit, so that their conditions of life may be improved.
-
To preserve and protect health by providing medical care, goods, funds or services of any kind including through the provision of counselling and support and to build or help to build and maintain hospitals, clinics and other institutions for the improvement of physical and mental health, additional to the statutory obligation of the health authorities, as the trustees from time to time may think fit.
-
To advance education in such ways as the trustees from time to time may think fit.
Page 2
Breakthrough Generation for Christ
formerly known as Breakthrough Generation for Christ (ANCF)
Trustees' Report incorporating the Directors' Report
Objectives, strategies and activities
We dedicate ourselves to the promotion of just, inclusive and peaceful world
The year 2020 started out great with a new year church service in the beginning of the year. We had put our forecast of events but unfortunately by late March we were unable to continue with any of the planned events due to Lockdown and restrictions in place to fight Covid19. However, we had managed to start our online church live streaming in June 2020. Even though there was no physical interaction, our church continued virtually and we were blessed to be able to meet out objectives this way.
Church renovations started in February 2020 and is planned to finish in September. While writing this report, I can confirm that renovations was temporarily suspended due to lack of material brought by the lockdown and restrictions of movements in place. Below are the Forecast of events for 2020. Despite the lockdown we had manged to continue some of the meetings online.
FEBRUARY
Sat 1st-Sun 2nd - Scotland Sat 8th-Sun 9th - South East Zone Mon 17th-Sun 23rd - France Sat 29-Sun 1st Mar - N/Ireland
MARCH
Sat 7th - TQs Seminar/ Mtg Sat 14th-Sun 15th - S/W & Wales Combine Fri 20th-Sun 22nd - WM Weekend Camp/ Mothers Day (Zones) Mon 23rd - Sun 29th - France
APRIL
Sat 4th - Pst/ Wives Seminar (Waiting to receive International Conference Dates in Fiji) Fri 10th - Good Friday Sun 12th - Easter Sunday
MAY
Fri 1st-Sun 3rd - N/Ireland Sat 9th-Sun 10th - South East Combine Mon 18th - Sun 24th - France (23-24th - IRB London 7s) (26th - Dental Appt, 1210) Fri 29th - Sun 31st - TQs & Wives Weekend Camp (Europe)/ (Paris 7s)
JUNE
Sat 6th-Sun 7th - S/W & Wales Combine Sat 13th - TQs 7 Wives Seminar/ Meeting Fri 19th - Sun 21st - Mens Weekend Camp/ Fathers Day (Zones) Mon 22nd - Sun 28th - France
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Page 3
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Breakthrough Generation for Christ
formerly known as Breakthrough Generation for Christ (ANCF)
Independent Examiner's Report to the trustees of Breakthrough Generation for Christ
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2020 which are set out on pages 6 to 19.
Respective responsibilities of trustees and examiner
As the charity’s trustees of Breakthrough Generation for Christ (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of Breakthrough Generation for Christ 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 accounts 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 confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of Breakthrough Generation for Christ as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
-
the accounts 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 accounts to be reached.
...................................... Daryl Denson ACMA
VAST The Dudson Centre Hope Street Stoke-on-Trent ST1 5DD
27/10/2021 Date:.............................
Page 5
Breakthrough Generation for Christ
formerly known as Breakthrough Generation for Christ (ANCF)
Statement of Financial Activities for the Year Ended 31 December 2020 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 3 Charitable activities 4 Total Income Expenditure on: Charitable activities 5 Total Expenditure Other recognised gains and losses Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 13 |
Unrestricted funds £ 52,225 8,981 61,206 (27,133) (27,133) 34,073 48,007 82,080 |
Restricted funds £ 37,565 - 37,565 (129,918) (129,918) (92,353) 154,189 61,836 |
Total 2020 £ 89,790 8,981 |
|---|---|---|---|
| 98,771 | |||
| (157,051) | |||
| (157,051) | |||
| (58,280) 202,196 |
|||
| 143,916 |
The notes on pages 10 to 19 form an integral part of these financial statements. Page 6
Breakthrough Generation for Christ
formerly known as Breakthrough Generation for Christ (ANCF)
Statement of Financial Activities for the Year Ended 31 December 2020 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 3 Charitable activities 4 Total income Expenditure on: Charitable activities 5 Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 13 |
Unrestricted funds £ 38,752 10,249 49,001 (22,072) (22,072) 26,929 26,929 21,078 48,007 |
Restricted funds £ 21,414 - 21,414 (13,649) (13,649) 7,765 7,765 146,424 154,189 |
Total 2019 £ 60,166 10,249 |
|---|---|---|---|
| 70,415 | |||
| (35,721) | |||
| (35,721) | |||
| 34,694 | |||
| 34,694 167,502 |
|||
| 202,196 |
All of the charity's activities derive from continuing operations during the above two periods.
The notes on pages 10 to 19 form an integral part of these financial statements. Page 7
Breakthrough Generation for Christ
formerly known as Breakthrough Generation for Christ (ANCF)
(Registration number: 06424551) Balance Sheet as at 31 December 2020
| Note Fixed assets Tangible assets 9 Current assets Cash at bank and in hand 10 Creditors: Amounts falling due within one year 11 Net current assets Total assets less current liabilities Creditors: Amounts falling due after more than one year 12 Net assets Funds of the charity: Restricted income funds Restricted funds 13 Unrestricted income funds Unrestricted funds Total funds 13 |
2020 £ 250,000 29,481 (9,288) 20,193 270,193 (126,277) 143,916 61,836 82,080 143,916 |
2019 £ 250,000 89,229 (8,394) |
|---|---|---|
| 80,835 | ||
| 330,835 (128,639) |
||
| 202,196 | ||
| 154,189 48,007 |
||
| 202,196 |
For the financial year ending 31 December 2020 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The notes on pages 10 to 19 form an integral part of these financial statements. Page 8
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Breakthrough Generation for Christ
formerly known as Breakthrough Generation for Christ (ANCF)
Notes to the Financial Statements for the Year Ended 31 December 2020
1 Charity status
The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
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 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.
Basis of preparation
Breakthrough Generation for Christ meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Page 10
Breakthrough Generation for Christ
formerly known as Breakthrough Generation for Christ (ANCF)
Notes to the Financial Statements for the Year Ended 31 December 2020
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company 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 to charitable purposes.
Tangible fixed assets
Individual fixed assets, other than land and buildings, costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Land and buildings are initially included at cost and periodically revalued to market value.
Depreciation and amortisation
Asset class
Fixtures, fittings & equipment
Land & buildings
Depreciation method and rate
20% straight line basis 0% as the estimated residual value is not materially different from the carrying value of the asset.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 11
Breakthrough Generation for Christ
formerly known as Breakthrough Generation for Christ (ANCF)
Notes to the Financial Statements for the Year Ended 31 December 2020
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
Page 12
Breakthrough Generation for Christ
formerly known as Breakthrough Generation for Christ (ANCF)
Notes to the Financial Statements for the Year Ended 31 December 2020
3 Income from donations and legacies
| Donations and legacies; Donations to major appeals Donations from individuals Donations and legacies; Donations to major appeals Donations from individuals 4 Income from charitable activities Subscriptions Subscriptions |
Unrestricted funds General £ - 52,225 52,225 Unrestricted funds General £ - 38,752 38,752 |
Restricted funds £ 37,565 - 37,565 Restricted funds £ 21,414 - 21,414 Unrestricted funds General £ 8,981 Unrestricted funds General £ 10,249 |
Total 2020 £ 37,565 52,225 |
|---|---|---|---|
| 89,790 | |||
| Total 2019 £ 21,414 38,752 |
|||
| 60,166 | |||
| Total 2020 £ 8,981 |
|||
| Total 2019 £ 10,249 |
Page 13
Breakthrough Generation for Christ
formerly known as Breakthrough Generation for Christ (ANCF)
Notes to the Financial Statements for the Year Ended 31 December 2020
5 Expenditure on charitable activities
| Travel Utilities Insurance Repairs General administration Building project Donation Interest on loan Governance costs IT Expenses Travel Utilities Insurance Repairs General administration Office costs Building project Donation Interest on loan Governance costs |
Unrestricted funds General £ 5,545 8,135 1,901 770 382 - 7,501 - 894 2,005 27,133 Unrestricted funds General £ 4,749 6,866 1,861 50 762 1,240 - 5,650 - 894 22,072 |
Restricted funds £ - - - - - 122,301 - 7,617 - - 129,918 Restricted funds £ - - - - - - 6,000 - 7,649 - 13,649 |
Total 2020 £ 5,545 8,135 1,901 770 382 122,301 7,501 7,617 894 2,005 |
|---|---|---|---|
| 157,051 | |||
| Total 2019 £ 4,749 6,866 1,861 50 762 1,240 6,000 5,650 7,649 894 |
|||
| 35,721 |
Page 14
Breakthrough Generation for Christ
formerly known as Breakthrough Generation for Christ (ANCF)
Notes to the Financial Statements for the Year Ended 31 December 2020
6 Analysis of governance and support costs
Governance costs
| Independent examiner fees Examination of the financial statements Independent examiner fees Examination of the financial statements |
Unrestricted funds General £ 894 894 Unrestricted funds General £ 894 894 |
Total 2020 £ 894 |
|---|---|---|
| 894 | ||
| Total 2019 £ 894 |
||
| 894 |
7 Trustees remuneration and expenses
During the year the charity made the following transactions with trustees:
Rev. Neori N Wara
£5,465 (2019: £4,749) of expenses were reimbursed to Rev. Neori N Wara during the year.
Rev. Jiale Tomasi
£80 (2019: £Nil) of expenses were reimbursed to Rev. Jiale Tomasi during the year.
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
Page 15
Breakthrough Generation for Christ
formerly known as Breakthrough Generation for Christ (ANCF)
Notes to the Financial Statements for the Year Ended 31 December 2020
8 Taxation
The charity is a registered charity and is therefore exempt from taxation.
9 Tangible fixed assets
| 9 Tangible fixed assets |
||||
|---|---|---|---|---|
| Cost At 1 January 2020 At 31 December 2020 Depreciation At 31 December 2020 Net book value At 31 December 2020 At 31 December 2019 10 Cash and cash equivalents Cash at bank |
Land and buildings £ 250,000 |
Total £ 250,000 |
||
| 250,000 - |
250,000 - |
|||
| 250,000 | 250,000 | |||
| 250,000 | 250,000 | |||
| 2020 £ 29,481 |
2019 £ 89,229 |
Page 16
Breakthrough Generation for Christ
formerly known as Breakthrough Generation for Christ (ANCF)
Notes to the Financial Statements for the Year Ended 31 December 2020
11 Creditors: amounts falling due within one year
| 2020 | 2019 | 2019 | |
|---|---|---|---|
| £ | £ | ||
| Bank loans | 7,500 | 7,500 | |
| Accruals | 1,788 | 894 | |
| 9,288 | 8,394 | ||
| Creditors due within one year includes the following liabilities, on which security has been given | by the | ||
| charity: | |||
| 2020 | 2019 | ||
| £ | £ | ||
| Bank Loans | 7,500 | 7,500 | |
| The bank loan is secured on the property owned by the charity. | |||
| 12 Creditors: amounts falling due after one year | |||
| 2020 | 2019 | ||
| £ | £ | ||
| Bank loans | 126,277 | 128,639 | |
| Creditors amounts falling due after more than one year includes the following liabilities, on | which | ||
| security has been given by the charity: | |||
| 2020 | 2019 | ||
| £ | £ | ||
| Bank Loans | 126,277 | 128,639 | |
| Included in the creditors are the following amounts due after more than five years: | |||
| 2020 | 2019 | ||
| £ | £ | ||
| After more than five years by instalments | 96,277 | 98,639 | |
| The bank loan is secured on the property owned by the charity. |
Bank loans and overdrafts after five years
The bank loan is payable in equal monthly installments over 240 months commencing January 2017. The interest rate on the loan is fixed at 5.55% per annum for the first 120 months of the loan and then at 3.67% above base per annum thereafter.
Page 17
Breakthrough Generation for Christ
formerly known as Breakthrough Generation for Christ (ANCF)
Notes to the Financial Statements for the Year Ended 31 December 2020
13 Funds
| Unrestricted General General fund Restricted Building fund Total funds Unrestricted funds General General fund Restricted Building fund Total funds |
Balance at 1 January 2020 £ 48,007 154,189 202,196 Balance at 1 January 2019 £ 21,078 146,424 167,502 |
Incoming resources £ 61,206 37,565 98,771 Incoming resources £ 49,001 21,414 70,415 |
Resources expended £ (27,133) (129,918) (157,051) Resources expended £ (22,072) (13,649) (35,721) |
Balance at 31 December 2020 £ 82,080 61,836 |
|---|---|---|---|---|
| 143,916 | ||||
| Balance at 31 December 2019 £ 48,007 154,189 |
||||
| 202,196 |
The specific purposes for which the funds are to be applied are as follows:
Building fund - To fund the purchase and refurbishment of the premises occupied and now owned by the charity.
Page 18
Breakthrough Generation for Christ
formerly known as Breakthrough Generation for Christ (ANCF)
Notes to the Financial Statements for the Year Ended 31 December 2020
14 Analysis of net assets between funds
| Tangible fixed assets Current assets Current liabilities Creditors over 1 year Total net assets Tangible fixed assets Current assets Current liabilities Creditors over 1 year Total net assets 15 Financial instruments Categorisation of financial instruments Financial liabilities measured at amortised cost |
Unrestricted funds General £ - 83,868 (1,788) - 82,080 Unrestricted funds General £ - 48,901 (894) - 48,007 |
Restricted funds £ 250,000 (54,387) (7,500) (126,277) 61,836 Restricted funds £ 250,000 40,328 (7,500) (128,639) 154,189 2020 £ 133,777 |
Total funds at 31 December 2020 £ 250,000 29,481 (9,288) (126,277) |
|---|---|---|---|
| 143,916 | |||
| Total funds at 31 December 2019 £ 250,000 89,229 (8,394) (128,639) |
|||
| 202,196 | |||
| 2019 £ 136,139 |
16 Related party transactions
There were no related party transactions in the year.
17 Non-adjusting events after the financial period
The name of the charity was changed by resolution from Breakthrough Generation for Christ (ANCF) to Breakthrough Generation for Christ on 2nd June 2021.
Page 19