REGISTERED COMPANY NUMBER: 06874952 (England and Wales)
REGISTERED CHARITY NUMBER: 1129484
Trustees' Report and
Financial Statements for the Period 1 January 2020 to 30 December 2020
for
Capstone Church
Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY
Capstone Church
Contents of the Financial Statements
for the Period 1 January 2020 to 30 December 2020
|
Page |
Trustees' Report |
1 to 4 |
Independent Examiner's Report |
5 |
Statement of Financial Activities |
6 |
Balance Sheet |
7 to 8 |
Notes to the Financial Statements |
9 to 14 |
Detailed Statement of Financial Activities |
15 to 16 |
Capstone Church
Trustees' Report
for the Period 1 January 2020 to 30 December 2020
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheperiod1January2020to30December2020.Thetrustees have
adoptedthe provisionsof Accountingand Reportingby Charities:Statementof RecommendedPracticeapplicable to
charitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUK and
Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the Charity as set out in the governing document are:
- to advance the Christian faith and
-torelievesicknessandfinancialhardshipandtopromoteandpreservegoodhealthbytheprovisionof funds,
goods or services of any kind, including through the provision of counselling and support in such
parts of the United Kingdom or the world as the Trustees from time to time may think fit.
In settingthe objectivesand planningthe activityof the Charity,the Trusteeshavegivencarefulconsiderationto the
Charity Commission's general guidance on public benefit.
Significant activities
FortheperiodfromJanuary2020toDecember2020,thecharityhadthefollowingobjectivesandundertook the
following activities:
Objectives
To give people opportunities to practice the Christian faith.
Activities
Sunday Service (Ilford and Southall)
Kids Church
Fasting and Prayer
Wednesday Worship Practice
Prayer Room
Unite Home Groups
Pebbles Toddler Group
Father's Feast
Special Services
Capstone Boys Home
Supporting Other ministries
Page 1
Capstone Church
Trustees' Report
for the Period 1 January 2020 to 30 December 2020
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Sunday Service
TheChurchhasitsregularserviceseverySunday.Thisisfreeforalltoattend.Thisservicebeginswithatime of
worshipbythevibrantchurchworshipbandandpreachingbyoneofthechurchleadersontheChristian faith,
followedbyatimeofprayer.Freesnacksareservedaftereachservice.WehaveoneserviceonSundayat 2
locations.Onein Ilfordand at Southallfrom10 AM until12 Noon.Inpersonservicesweresuspendedwhenwe went
intolockdowninMarchandthesewerelivestreamedfromtherespectiveleaders'housesforatime;and when
permitted,eventuallymovingbacktothechurchbuildingwithonlythecoreteammembersrequiredto broadcast
the livestream.
Kids Church
Duringthetimeofthesermonona regular10.00amSundayService,childrenaged12 yearsandunderattend Kids
Church,wheretheygetinvolvedinactivitiesandgamesandaretaughtfromabible-basedcurriculum.This became
virtual from March 2020.
60 Days of Fasting and Prayer
FromJanuaryto February,meetingswereheldeveryday for 60 days duringwhichtimemeetingsare heldevery day;
to praise,worshipandforteachingof God'sword.Duringthistime,membersof CapstoneChurchalsoundertook a
periodof fasting.We had a numberof guestministersvisitus duringthistimeto leadworship,sharethegospel and
teachGod'sWord.Theseincludedbut werenot limitedto, SteveUppal(leaderof All NationsChristianCentre), Steve
Derbyshire(SeniorPastorofCityGatesChurch),AndrewCannon(GospelGrenadesMinistries),RobCates, David
Hadden,JonathanMiller,TonyKim(USNationalDirectorofHarvestInternationalMinistry),GeorgianBanov (Global
Celebration), Corey Russell (Burning and Shining Lamp Ministries).
Wednesday Worship Practice
TheChurchWorshipBandmeetson Wednesdayeveningsto practiceandrehearseaheadof theSunday Service.This
was suspended from March 2020.
Prayer Room
Wehavea4houraweekPrayerRoom.EachPrayerRoomsessionlastsfortwohoursduringwhichthere is
continuousworshipledby a worshipleaderand team,and prayerleadby a sessionleader.It is freefor allto attend.
From March 2020, a virtual prayer meeting was held via Zoom every Tuesday evening.
Unite Home Groups
Ahomegroupisasmallgroupofmembersofthechurchthatmeetinhomesofleadersorcafesevery fortnight
duringschooltermtime.A homegroupisbasedoncommoninterestand/orlocation,forexamplea Medical Home
groupforthosefromthemedicalprofession,YouthHomeGroupforthosebetweentheagesof12and24, Family
HomeGroupsforfamilies.Ahomegroupmeetinggenerallylastsforhourandhalfandmayincludeatime of
worship,prayer,teachingfromthebibleandfellowshipwithfood.Thepurposeofthehomegroupsisto create
communityandenablethechurchtocareforitsmembersonadeeperoneononelevel.FromMarch2020, Unite
Home Groups were all held virtually.
Pebbles Toddler Group
A toddlergroupis heldat the churcheveryWednesdayfrom11 am to 12pmfor toddlersup to the age of 4 and their
parents.It includesa timeof freetime,rhymetime,snacktime.Thisis opento thecommunity.Thiswas suspended
from March 2020.
Father's Feast
Page 2
Capstone Church
Trustees' Report
for the Period 1 January 2020 to 30 December 2020
TheFathersFeastisanoutreachprogram.EveryMondayoftheweek,ateamfromtheChurchcookdinnerin the
ChurchkitchenandservesitforthehomelessofIlford.Themealusuallyconsistsofamaincourse,dessert and
hot/colddrinksandisservedas a buffet.Membersofourteamalsositwiththehomelessandprovideoneon one
supportsuchas counselandprayer.Inrunningthisprogram,wealsoworkwithlocalorganisationsthatsupport the
homelessin thearea.Thisprogramis in linewiththemainvisionof theCharityto providecommunityservicein the
formofrelievingsicknessandfinancialhardshipamongstotherthings.ThiswassuspendedfromMarch2020, and
fromJuly2020,weresumedtheprograminalimitedway,byhandingoutprepreparedfoodpacketsoutside our
church.
Special Services
Allourspecialservices,suchasGoodFriday,Easter,ChristmasandNewYears'Eveservicewasheldvirtually and
livestream across various platforms.
Capstone Boys home
CapstoneChurchhastakenacommitmenttosupport10orphanboysforaperiodof5yearsintheIndiancity of
Hyderabad.Theboysareagedbetween6 and11 years.Indoingso, wehavepartneredwitha charityin Hyderabad
calledAshaJyothiwhichworkswithorphansandchildrenofsingleparentsamongstotherthings.Theboys are
providedwithaccommodation,food,clothingandaneducation.Thehomewheretheboysarehousedis called
Capstone Boys Home.
Supported other Christian ministries
ThisyearwehaveextendedsupporttoGlobalCelebration,JohnFoundation,BurningandShiningLamp Ministries;
HIMMinistries;IndianEvangelicalTeamandvarioushousesofprayerandchurchesacrosstheUK, prayer
missionaries, and various local missions.
DuetotheCovid-19Pandemicandrestrictionsthatwereinplace,wewereunabletoholdmanyoftheevents that
we normally do during the year.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by
guarantee, as defined by the Companies Act 2006.
CapstoneChurchisacompanylimitedbyguarantee,incorporatedon9April2009,governedbyits Memorandum
andArticlesofAssociation.ItregisteredasacharitywiththeCharityCommissionforEngland&Waleson8 May
2009.
NewTrusteesareappointedbythemembers.TheTrusteesmayappointapersonwhoiswillingtoacttobe a
Trustee, either to fill a vacancy or as an additional Trustee.
NewTrusteesarebriefedon theirlegalobligationundercharityand companylaw,the contentof the Memorandum
andArticlesofAssociation,thecommitteeanddecisionmakingprocesses,thebusinessplanandrecent financial
performance of the Charity.
TheTrusteesareresponsibleforthemanagementoftherisksfacedbytheCharity.Allsignificant activities
undertakenaresubjecttoriskreviewaspartoftheinitialprojectassessmentandimplementation.The Trustees
review the major risks that the Charity faces on a regular basis and controls are established accordingly.
TheTrusteesareawareof themajorrisksto whichtheCharityis exposed,inparticularthoserelatedto the projects
and finances of the organisation, and are satisfied that systems are in place to mitigate exposure to the major risks.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06874952 (England and Wales)
Page 3
Capstone Church
Trustees' Report
for the Period 1 January 2020 to 30 December 2020
Registered Charity number
1129484
Registered office
316 High Road
Ilford
Essex
IG1 1QW
Trustees
Ms S George
Mr J V George
Mrs P Kurian
Independent Examiner
Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY
27/10/2021
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
....................................................................
Mrs P Kurian - Trustee
Page 4
Independent Examiner's Report to the Trustees of
Capstone Church
Independent examiner's report to the trustees of Capstone Church ('the Company')
I reportto thecharitytrusteeson myexaminationof theaccountsof theCompanyfortheperiod1 January2020 to
30 December 2020.
Responsibilities and basis of report
As the charity'strusteesof the Company(and also its directorsfor the purposesof companylaw)you are responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe 2006
Act and are eligiblefor independentexamination,I reportin respectof my examinationof yourcharity'saccounts as
carriedoutundersection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationI have
followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalistedbody.I can
confirmthat I am qualifiedto undertakethe examinationbecauseI am a registeredmemberof FCCA whichis one of
the listed bodies.
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:
1. accounting records were not kept in respect of the Company 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)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Lorraine Curtis
FCCA
Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY
Date: .............................................
Page 5
Capstone Church
Statement of Financial Activities
for the Period 1 January 2020 to 30 December 2020
|
|
Period |
|
|
|
1.1.20 |
|
|
|
to |
Year Ended |
|
|
30.12.20 |
31.12.19 |
|
|
Unrestricted |
Total |
|
|
fund |
funds |
|
Notes |
£ |
£ |
INCOME AND ENDOWMENTS FROM |
|
|
|
Donations and legacies |
|
401,855 |
495,374 |
EXPENDITURE ON |
|
|
|
Charitable activities |
|
|
|
Cost of activities - Staff |
|
276,429 |
357,229 |
Depreciation |
|
23,477 |
23,774 |
Total |
|
299,906 |
381,003 |
NET INCOME |
|
101,949 |
114,371 |
RECONCILIATION OF FUNDS |
|
|
|
Total funds brought forward |
|
598,947 |
484,576 |
TOTAL FUNDS CARRIED FORWARD |
|
700,896 |
598,947 |
The notes form part of these financial statements
Page 6
Capstone Church (Registered number: 06874952)
Balance Sheet
30 December 2020
Notes
FIXED ASSETS
Tangible assets
5
CURRENT ASSETS
Debtors
6
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
7
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
8
NET ASSETS
FUNDS
10
Unrestricted funds
TOTAL FUNDS |
30.12.20
Unrestricted
fund
£
1,013,054
65,852
169,474
235,326
(17,418)
217,908
1,230,962
(530,066)
700,896
700,896
700,896 |
31.12.19
Total
funds
£
1,016,600
58,632
101,649 |
|
|
160,281
(22,444) |
|
|
137,837 |
|
|
1,154,437
(555,490) |
|
|
598,947 |
|
|
598,947 |
|
|
598,947 |
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006for the
period ended 30 December 2020.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheperiod ended
30 December 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 7
Capstone Church (Registered number: 06874952)
Balance Sheet - continued
30 December 2020
Thesefinancialstatementshave beenpreparedin accordancewiththe provisionsapplicableto charitable companies
subject to the small companies regime.
27/10/2021 The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
Ms S George - Trustee
.............................................
Mrs P Kurian - Trustee
The notes form part of these financial statements
Page 8
Capstone Church
Notes to the Financial Statements
for the Period 1 January 2020 to 30 December 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102, have been
preparedin accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities: Statement
ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January 2019)',
FinancialReportingStandard102'TheFinancialReportingStandardapplicableintheUKandRepublic of
Ireland'andtheCompaniesAct2006.Thefinancialstatementshavebeenpreparedunderthehistorical cost
convention.
Government grants
GovernmentgrantsrepresentsincomereceivedintheformofJobRetentionScheme(JRS)moneyfrom the
GovernmentduringtheCOVID-19pandemic.Thegrantsarerecognisedontheaccrualsbasisinthe same
period as the expenditure that it is expected to compensate for
Income
AllincomeisrecognisedoncetheCharityhasentitlementtotheincome,itisprobablethattheincome will
be received and the amount of income receivable can be measured reliably.
Donationsarerecognisedasincomewhenreceived,exceptincircumstanceswherethedonorspecifies the
time period that the donation relates to, in which case they are recognised as income in that period.
Donations received with imposed restrictions are classified as restricted funds.
Onreceipt,donatedprofessionalservicesanddonatedfacilitiesarerecognisedonthebasisofthevalue of
thegifttothecharitablecompanywhichistheamounttheCharitywouldhavebeenwillingtopayto obtain
servicesorfacilitiesofequivalenteconomicbenefitontheopenmarket;acorrespondingamountis then
recognised in expenditure in the period of receipt.
Event income consists of registration and other fees for charitable events.
Incometax recoverablein relationto donationsreceivedunderGiftAid or deedsof covenantis recognised at
the time of the donation.
Expenditure
Liabilitiesarerecognisedas expenditureas soonas thereisa legalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethata transferofeconomicbenefitswillberequiredin settlement
and the amount of the obligation can be measured reliably.
CharitableactivitycostsareincurredontheCharity'sreligiousoperations,andincludesupportcosts and
costs relating to the governance of the Charity apportioned to the charitable events.
Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedto the category.Wherecostscannotbe directlyattributedto particularheadingstheyhave been
allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoverits estimated
useful life.
Fixtures and fittings- 15% on reducing balance
Computer equipment- 25% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
continued...
Page 9
Capstone Church
Notes to the Financial Statements - continued
for the Period 1 January 2020 to 30 December 2020
1. ACCOUNTING POLICIES - continued
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
Foreign currencies
Assetsandliabilitiesinforeigncurrenciesaretranslatedintosterlingattheratesofexchangerulingat the
balancesheetdate.Transactionsinforeigncurrenciesaretranslatedintosterlingattherateof exchange
rulingatthedateoftransaction.Exchangedifferencesaretakenintoaccountinarrivingatthe operating
result.
Pension costs and other post-retirement benefits
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayableto the
charitablecompany'spensionschemearechargedtotheStatementofFinancialActivitiesintheperiod to
which they relate.
Going concern covid 19
COVID-19 is not expected to have a significant impact on the entity. Management has determined that there
is no material uncertainty that casts doubt on the entity's ability to continue as a going concern. It expects
that COVID-19 might have some impact, though not significant, for example, in relation to expected future
performance, or the effects on some future asset valuations.
The Charityis in themainrelianceupondonationsto raiserevenueto meetfutureexpenditure.The trustees
considerthatitisappropriatetopreparethefinancialstatementsonthegoingconcernbasis.This assumes
thatthecharitablecompanywillbesuccessfulinitsfundraisingactivities.Thesefinancialstatementsdo not
include any adjustments that would result if insufficient funds are raised.
2. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
|
Period |
|
|
1.1.20 |
|
|
to |
Year Ended |
|
30.12.20 |
31.12.19 |
|
£ |
£ |
Depreciation - owned assets |
23,477 |
23,774 |
continued...
Page 10
Capstone Church
Notes to the Financial Statements - continued
for the Period 1 January 2020 to 30 December 2020
3. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheperiodended30 December2020norfor the
year ended 31 December 2019.
Trustees' expenses
Therewerenotrustees'expensespaidfortheperiodended30December2020norfortheyear ended
31 December 2019.
4. STAFF COSTS
Wages and salaries
Social security costs
Other pension costs |
Period
1.1.20
to
Year Ended
30.12.20
31.12.19
£
£
113,438
110,428
5,533
6,066
2,511
2,165
121,482
118,659 |
Period
1.1.20
to
Year Ended
30.12.20
31.12.19
£
£
113,438
110,428
5,533
6,066
2,511
2,165
121,482
118,659 |
|
|
118,659 |
Keymanagementpersonnelincludesthosepersonshavingauthorityand responsibilityfor planning, directing
and controlling the activities of the entity, directly or indirectly, including Trustees.
Onetrustee(2019:one),whoisalsoconsideredtobetheCharity'skeymanagementpersonnel, received
totalremuneration,includingemployernationalinsurancecontributions,of£50,028(2017:£50,057) during
the year, as agreed with the Charity Commission.
Duringthe year,PreethyKuriana trusteeof the charity,was reimbursed£Nil(2019:£Nil)in relationto travel
expenses.
The average monthly number of employees during the period was as follows:
|
Period |
|
|
1.1.20 |
|
|
to |
Year Ended |
|
30.12.20 |
31.12.19 |
Direct charitable activity staff |
3 |
3 |
Administrative staff |
1 |
1 |
|
4 |
4 |
No employees received emoluments in excess of £60,000.
continued...
Page 11
Capstone Church
Notes to the Financial Statements - continued
for the Period 1 January 2020 to 30 December 2020
5. TANGIBLE FIXED ASSETS
COST
At 1 January 2020
Additions
At 30 December 2020
DEPRECIATION
At 1 January 2020
Charge for year
At 30 December 2020
NET BOOK VALUE
At 30 December 2020
At 31 December 2019 |
Freehold
property
£
935,306
-
935,306
14,590
-
14,590
920,716
920,716 |
Fixtures
and
fittings
£
107,688
2,568
110,256
55,490
8,215
63,705
46,551
52,198 |
Computer
equipment
£
90,755
17,363
108,118
47,069
15,262
62,331
45,787
43,686 |
Totals
£
1,133,749
19,931 |
|
|
|
|
1,153,680 |
|
|
|
|
117,149
23,477 |
|
|
|
|
140,626 |
|
|
|
|
1,013,054 |
|
|
|
|
1,016,600 |
Included in freehold property is land at an estimated cost of £575,000 which is not depreciated.
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
7.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
30.12.20 |
31.12.19 |
|
£ |
£ |
Amounts owed by group undertakings |
10,000 |
10,000 |
Other debtors |
55,852 |
48,632 |
|
65,852 |
58,632 |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
30.12.20 |
31.12.19 |
|
£ |
£ |
Bank loans and overdrafts (see note 9) |
2,065 |
548 |
Social security and other taxes |
2,989 |
2,968 |
Other creditors |
10,994 |
16,578 |
Wages Payable |
1,370 |
- |
Accrued expenses |
- |
2,350 |
|
17,418 |
22,444 |
continued...
Page 12
Capstone Church
Notes to the Financial Statements - continued
for the Period 1 January 2020 to 30 December 2020
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
|
|
30.12.20 |
31.12.19 |
|
|
£ |
£ |
Bank loans (see note |
9) |
530,066 |
555,490 |
Bankloansaresecuredby way of a fixedand floatingchargeovertheassetsof thecharityand are repayable
bymonthlyinstalmentsoveraperiodof20years.Theinterestrateperannumisequaltotheaggregate of
the margin rate (3.5%) and the base rate which during the period was 0.5% (2018 - 0.5%)
Personalguaranteeshavebeenprovidedinrespectof thebankloanby theTrusteesandcertainclose family
members of the Trustees.
9. LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
Bank loans
Amounts falling due between two and five years:
Bank loans - 2-5 years |
30.12.20
£
2,065
-
2,065
530,066 |
31.12.19
£
-
548 |
|
|
548 |
|
|
555,490 |
10. MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Net
movement
At
At 1.1.20
in funds
30.12.20
£
£
£
598,947
101,949
700,896
598,947
101,949
700,896
Incoming
Resources
Movemen
resources
expended
in funds
£
£
£
401,855
(299,906)
101,949
401,855
(299,906)
101,949 |
At
30.12.20
£
700,896 |
|
|
700,896 |
|
|
101,949 |
continued...
Page 13
Capstone Church
Notes to the Financial Statements - continued
for the Period 1 January 2020 to 30 December 2020
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS |
Net
movement
At 1.1.19
in funds
£
£
484,576
114,371
484,576
114,371 |
At
31.12.19
£
598,947 |
|
|
598,947 |
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
495,374
495,374 |
Resources
Movement
expended
in funds
£
£
(381,003)
114,371
(381,003)
114,371 |
Resources
Movement
expended
in funds
£
£
(381,003)
114,371
(381,003)
114,371 |
|
|
|
114,371 |
11. RELATED PARTY DISCLOSURES
Duringtheyearunrestricteddonationstotalling£Nil(2019:£Nil)weredonatedbytrusteesand related
parties.
Page 14
Capstone Church
Detailed Statement of Financial Activities
for the Period 1 January 2020 to 30 December 2020
Detailed Statement of Financial Activities
for the Period 1 January 2020 to 30 December 2020 |
|
|
|
|
Period |
|
|
|
1.1.20 |
|
|
|
to |
Year En |
ded |
|
30.12.20 |
31.12.19 |
|
|
£ |
£ |
|
INCOME AND ENDOWMENTS |
|
|
|
Donations and legacies |
|
|
|
Donations - non-gift aid |
45,526 |
126,922 |
|
Donations - gift aid |
327,658 |
350,719 |
|
Charitable activities |
200 |
17,733 |
|
Grants |
28,471 |
- |
|
|
401,855 |
495,374 |
|
Total incoming resources |
401,855 |
495,374 |
|
EXPENDITURE |
|
|
|
Charitable activities |
|
|
|
Rates and water |
3,570 |
17,672 |
|
Light and heat |
7,107 |
7,195 |
|
Telephone |
3,313 |
5,839 |
|
Postage and stationery |
957 |
2,436 |
|
Advertising |
4,414 |
373 |
|
Sundries |
1,866 |
2,139 |
|
Repairs and maintenance |
7,577 |
5,365 |
|
Accommodation |
2,220 |
15,472 |
|
Other professional fees |
4,555 |
4,374 |
|
Offerings |
69,356 |
79,451 |
|
Cost of events |
695 |
32,995 |
|
Food and refreshments |
3,630 |
9,177 |
|
Materials |
2,966 |
4,203 |
|
Computer expenses |
166 |
31 |
|
Sound and media |
3,341 |
1,885 |
|
Helps |
7,997 |
5,117 |
|
Bank interest |
20,359 |
24,326 |
|
|
144,089 |
218,050 |
|
Support costs |
|
|
|
Management |
|
|
|
Wages |
113,438 |
110,428 |
|
Social security |
5,533 |
6,066 |
|
Pensions |
2,511 |
2,165 |
|
Subscriptions |
5,229 |
9,103 |
|
|
126,711 |
127,762 |
|
This page does not form part of the statutory financial statements
Page 15
Capstone Church
Detailed Statement of Financial Activities
for the Period 1 January 2020 to 30 December 2020
Detailed Statement of Financial Activities
for the Period 1 January 2020 to 30 December 2020 |
|
|
|
|
Period |
|
|
|
1.1.20 |
|
|
|
to |
Year En |
ded |
|
30.12.20 |
31.12.19 |
|
|
£ |
£ |
|
Management |
|
|
|
Finance |
|
|
|
Bank charges |
2,589 |
7,817 |
|
Information technology |
|
|
|
Fixtures and fittings |
8,215 |
9,212 |
|
Computer equipment |
15,262 |
14,562 |
|
|
23,477 |
23,774 |
|
Other |
|
|
|
Accountancy |
3,040 |
3,600 |
|
Total resources expended |
299,906 |
381,003 |
|
Net income |
101,949 |
114,371 |
|
This page does not form part of the statutory financial statements
Page 16