``` 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 ```