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: 1. 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. 2. 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. 3. 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. 4. 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 Breakthw G•nerallon for Chrknt fomierly as Breakthrough Gthlerakn for Chrlst (ANC • Prov**rwJ TAfjfthip ew ID al . CMi••r¥ty thIoLW •w7Tr)n8. cour*8 •KI wndl W￿P1 f Europ•. R¢•trKl•d Im•r￿0 41 lh• y••r •nd wu• È81,8￿12019.. £154,18YI th•M ¥*rn ra*•d and Tmnl. CA￿￿nI￿o kn rakn• In *ms th￿ wll b• rAsk￿lad in th• 1& d JIAY. P¥t 15 (rf It￿ c4￿￿18￿ Aci 2¢Xrf. TNth• ## **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: 1. accounting records were not kept in respect of Breakthrough Generation for Christ as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. 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 4. 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 Brnakthrough Generatlon for Ch￿1 form•rly kno¥m a* Brn•kthrough Gerberatlon for Chfist (ANCF) (R•gl•tratlon numb•r. 06424551) 8alanc• 8he•t as at 31 D•c•fflb•r 2020 zF¢ ## **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