```
REGISTERED COMPANY NUMBER: 06874952 (England and Wales)
REGISTERED CHARITY NUMBER: 1129484
```
## **`Trustees' Report and`**
```
Financial Statements for the Year Ended 30 December 2021
```
## **`for`**
## **`Capstone Church`**
```
Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY
```
```
Capstone Church
```
```
Contents of the Financial Statements
for the Year Ended 30 December 2021
```
||**`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 Year Ended 30 December 2021`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended30December2021.Thetrusteeshaveadopted the
provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic 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`
```
- to relieve sicknessand financialhardshipand to promoteand preservegoodhealthby the provisionof 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 settingtheobjectivesandplanningtheactivityof theCharity,theTrusteeshavegivencarefulconsiderationto the
Charity Commission's general guidance on public benefit.
```
## **`Significant activities`**
```
FortheperiodfromJanuary2021toDecember2021,thecharityhadthefollowingobjectivesandundertook the
following activities:
```
## **`Objectives`**
```
To give people opportunities to practice the Christian faith.
```
## **`Activities`**
```
Sunday Service
Kids Church
Fasting and Prayer
Wednesday Worship Practice
Unite Home Groups
Pebbles Toddler Group
Father's Feast
Easter
Special Services
Worship Night
Raise a Voice - London Prophetic Gathering
Capstone Boys Home
Supporting Other ministries
```
```
Page 1
```
```
Capstone Church
```
## **`Trustees' Report for the Year Ended 30 December 2021`**
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Charitable activities`**
## **`Sunday Service`**
```
TheChurchhasitsregularserviceseverySunday.Thisisfreeforalltoattend.Thisservicebeginswithatime of
worshipbythevibrantchurchworshipbandandpreachingbyoneofthechurchleadersontheChristian faith,
followedbyatimeofprayer.Freesnacksareservedaftereachservice.Theserviceisfrom10amto12.30pm. Our
serviceswerebroadcastvialivestream(withonlythecoreteammembersatthechurchpremises)tillMarch 2021,
followingwhichweresumeinpersonserviceswithlimitedcapacity.On25thJuly2021,followingtheliftingof all
Covid-19 restrictions, we resumed full in person services.
```
## **`Kids Church`**
```
Duringthetimeofthesermononaregular10.00amSundayService,childrenaged12yearsandunderattend Kids
Church,where they get involvedin activitiesand games and are taughtfrom a bible-basedcurriculum.This was virtual
until March 2021 and in person thereafter.
```
## **`21 Days of Fasting and Prayer`**
```
From Januaryto February,meetingsare held every day for 21 days to praise,worshipand for teachingof God's word.
Duringthistime,membersofCapstoneChurchalsoundertakeaperiodoffasting.Thiswaslivestreamedfrom the
church premises with only the core team in attendance at the premises.
```
## **`Wednesday Worship Practice`**
```
The ChurchWorshipBandmeets onWednesdayeveningsto practiceandrehearseaheadof theSundayService. This
had been suspended and was resumed in July 2021.
```
## **`Unite Home Groups`**
```
A home group is a small group of members of the churchthat meet in homes of leaders or cafes every fortnight during
schoolterm time. A home groupis based on common interestand/orlocation,for example a MedicalHome group for
those from the medicalprofession,YouthHome Groupfor those between the ages of 12 and 24, Family Home Groups
forfamilies.Ahomegroupmeetinggenerallylastsforhourandhalfandmayincludeatimeofworship, prayer,
teachingfrom the bible and fellowshipwith food. The purposeof the home groupsis to create communityand enable
thechurchtocareforitsmembersonadeeperoneononelevel.TheUnitehomegroupscontinuedtobe held
virtually in 2021.
```
## **`Pebbles Toddler Group`**
```
A toddlergroupis heldat the churchevery Wednesdayfrom 11 am to 12pm for toddlersup to the age of 4 and their
parents.Itincludesatimeoffreetime,rhymetime,snacktime.Thisisopentothecommunity.Thiswas suspended
formostof2021duetoCovid-19andreopenedforafewweeksinSeptemberandOctoberbeforebeing suspended
again.
```
## **`Father's Feast`**
```
TheFathersFeastisanoutreachprogram.EveryMondayoftheweek,ateamfromtheChurchcookdinnerin the
ChurchkitchenandservesitforthehomelessofIlford.Themealusuallyconsistsofamaincourse,dessert and
hot/colddrinksandisservedasabuffet.Membersofourteamalsositwiththehomelessandprovideoneon one
supportsuchascounselandprayer.Inrunningthisprogram,we alsoworkwithlocalorganisationsthatsupport the
homelessinthearea.ThisprogramisinlinewiththemainvisionoftheCharitytoprovidecommunityservicein the
formofrelievingsicknessandfinancialhardshipamongstotherthings.UntilJuly2021,theprogramwasrunin a
limitedway,byhandingoutprepreparedfoodpacketsoutsideourchurch.FromJuly2021,we resumedhosting the
program indoors.
```
## **`Easter`**
```
TheEasterSundayservicewasheldon04April2021withlimitedinpersonattendance.Thiswasatimeof worship
andpraise,prayerandteachingofGod'sword.DuringtheEasterperiod,wealsohelda12daychallengefor the
church members which encouraged members to reach out and make a difference to the community in different ways.
```
```
Page 2
```
```
Capstone Church
```
## **`Trustees' Report for the Year Ended 30 December 2021`**
## **`Special Services`**
```
" OurGoodFriday,ChristmasandNew Year'sEve Serviceswere broadcastvia ourlivestreamwithonlythe core team
in attendance at the church premises.
```
```
"On30thMayweheldaGratitudeSundayservice,thiswasdoneinconjunctionwithacharitycalled Gratitude
Initiative.Org to encourage congregation members to remember and be thankful for their blessings.
```
```
" Over the course of the year, we hostedsome guest speakers/ministersfor our Sundayservice. These included Galvin
Calver, CEO of Evangelical Alliance, Larry Sparks publisher of Destiny Image.
```
## **`Worship Night`**
```
On August6th,we hosteda WorshipNight,whichwas free for all to attend.It was a time of praiseandworship, with
worship being led by the Church band.
```
## **`Raise a Voice - London Prophetic Gathering`**
```
On23rdOctober,wehadthelaunchoftheLondonPropheticGathering.ThepurposeoftheLondon Prophetic
GatheringtogatherprophetsfromacrossLondonandequipandbuildthemuptobeeffectiveinministering to
people.
```
## **`Capstone Boys home`**
```
CapstoneChurchhastakenacommitmenttosupport10orphanboysforaperiodof5yearsintheIndiancity of
Hyderabad.Theboysareagedbetween6and11years.Indoingso,wehavepartneredwithacharityin 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.
```
```
Due to the Covid-19Pandemicand restrictionsthat were in place, we were unableto hold many of the events 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.
```
```
CapstoneChurchis a companylimitedby guarantee,incorporatedon 9 April2009, governedby its Memorandum and
Articles of Association. It registered as a charity with the Charity Commission for England & Wales on 8 May 2009.
```
```
New Trustees are appointedby the members. The Trustees may appointa personwho is willingto act to be a Trustee,
either to fill a vacancy or as an additional Trustee.
```
```
NewTrusteesarebriefedontheirlegalobligationundercharityandcompanylaw,thecontentofthe Memorandum
andArticlesofAssociation,thecommitteeanddecisionmakingprocesses,thebusinessplanandrecent financial
performance of the Charity.
```
```
The Trustees are responsiblefor the managementof the risks faced by the Charity.All significantactivities undertaken
are subjectto risk review as partof the initialprojectassessmentandimplementation.The Trusteesreview the major
risks that the Charity faces on a regular basis and controls are established accordingly.
```
```
TheTrusteesareawareofthemajorriskstowhichtheCharityisexposed,inparticularthoserelatedtothe projects
and finances of the organisation, and are satisfied that systems are in place to mitigate exposure to the major risks.
```
```
Page 3
```
```
Capstone Church
```
## **`Trustees' Report for the Year Ended 30 December 2021`**
## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number`**
```
06874952 (England and Wales)
```
## **`Registered Charity number`**
```
1129484
```
## **`Registered office`**
```
316 High Road
Ilford
Essex
IG1 1QW
```
## **`Trustees`**
```
Ms S George
Mr J V George Lead Pastor
Mrs P Kurian Director
```
## **`Independent Examiner`**
```
Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY
```
```
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')`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
30 December 2021.
```
## **`Responsibilities and basis of report`**
```
As the charity'strusteesof the Company(andalsoits directorsfor the purposesof companylaw)youare responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
```
```
Having satisfiedmyself that the accountsof the Companyare not requiredto be auditedunder Part 16 of the 2006 Act
andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'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`**
```
Since yourcharity'sgross incomeexceeded£250,000yourexaminermust be a member of a listedbody.I can confirm
that I am qualifiedto undertakethe examinationbecauseI am a registeredmember of FCCA which is 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 Year Ended 30 December 2021`**
||||**`Period`**|
|---|---|---|---|
||||**`1.1.20`**|
|||**`Year Ended`**|**`to`**|
|||**`30.12.21`**|**`30.12.20`**|
|||**`Unrestricted`**|**`Total`**|
|||**`fund`**|**`funds`**|
||**`Notes`**|**`£`**|**`£`**|
|**`INCOME AND ENDOWMENTS FROM`**||||
|`Donations and legacies`||**`401,456`**|`401,855`|
|**`EXPENDITURE ON`**||||
|`Raising funds`|`2`|**`195,191`**|`193,847`|
|**`Charitable activities`**||||
|`Cost of activities`||**`114,412`**|`82,582`|
|`Depreciation`||**`19,480`**|`23,477`|
|**`Total`**||**`329,083`**|`299,906`|
|**`NET INCOME`**||**`72,373`**|`101,949`|
|**`RECONCILIATION OF FUNDS`**||||
|**`Total funds brought forward`**||**`700,896`**|`598,947`|
|**`TOTAL FUNDS CARRIED FORWARD`**||**`773,269`**|`700,896`|
```
The notes form part of these financial statements
```
```
Page 6
```
## **`Capstone Church (Registered number: 06874952)`**
## **`Balance Sheet`**
## **`30 December 2021`**
|**`Notes`**
**`FIXED ASSETS`**
`Tangible assets`
`6`
**`CURRENT ASSETS`**
`Debtors`
`7`
`Cash at bank and in hand`
**`CREDITORS`**
`Amounts falling due within one year`
`8`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`CREDITORS`**
`Amounts falling due after more than one year`
`9`
**`NET ASSETS`**
**`FUNDS`**
`11`
`Unrestricted funds`
**`TOTAL FUNDS`**|**`30.12.21`**
**`Unrestricted`**
**`fund`**
**`£`**
**`1,377,059`**
**`67,801`**
**`235,139`**
**`302,940`**
**`(24,535)`**
**`278,405`**
**`1,655,464`**
**`(502,911)`**
**`1,152,553`**
**`773,269`**
**`773,269`**|**`30.12.20`**
**`Total`**
**`funds`**
**`£`**
`1,013,054`
`65,852`
`169,474`|
|---|---|---|
|||`235,326`
`(17,418)`|
|||`217,908`|
|||`1,230,962`
`(530,066)`|
|||`700,896`|
|||`700,896`|
|||`700,896`|
```
The charitablecompanyis entitledto exemptionfrom audit under Section477 of the CompaniesAct 2006 for the year
ended 30 December 2021.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
30 December 2021 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
```
```
Page 7
```
```
Capstone Church (Registered number: 06874952)
```
## **`Balance Sheet - continued`**
## **`30 December 2021`**
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
```
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
```
```
.............................................
Mr J V 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 Year Ended 30 December 2021
```
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement
ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
CompaniesAct2006.Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention, as
modified by the revaluation of certain assets.
```
## **`Government grants`**
```
GovernmentgrantsrepresentsincomereceivedintheformofJobRetentionScheme(JRS)moneyfrom the
Governmentduringthe COVID-19 pandemic.Thegrants are recognisedon the accrualsbasis in the same period
as the expenditure that it is expected to compensate for
```
## **`Income`**
```
All incomeis recognisedonce the Charityhas entitlementto the income,it is probablethatthe incomewill 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.
```
```
On receipt,donatedprofessionalservices and donatedfacilitiesare recognisedon the basis of the value of the
gifttothecharitablecompanywhichistheamounttheCharitywouldhavebeenwillingtopayto obtain
servicesorfacilitiesofequivalenteconomicbenefitontheopenmarket;acorrespondingamountis then
recognised in expenditure in the period of receipt.
```
```
Event income consists of registration and other fees for charitable events.
```
```
IncometaxrecoverableinrelationtodonationsreceivedunderGiftAidordeedsof covenantis recognised at
the time of the donation.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
and the amount of the obligation can be measured reliably.
```
```
Charitableactivitycosts are incurredon the Charity'sreligiousoperations,andincludesupportcostsand costs
relating to the governance of the Charity apportioned to the charitable events.
```
```
Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbe directlyattributedtoparticularheadingstheyhave been
allocated to activities on a basis consistent with the use of resources.
```
## **`Tangible fixed assets`**
```
Depreciationis providedat the followingannualrates in orderto write off each asset over its 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.
```
```
Page 9
```
```
Capstone Church
```
```
Notes to the Financial Statements - continued
for the Year Ended 30 December 2021
```
## **`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.
```
```
TheCharityisinthemainrelianceupondonationstoraiserevenuetomeetfutureexpenditure.The trustees
considerthatitisappropriatetopreparethefinancialstatementsonthegoingconcernbasis.This assumes
thatthecharitablecompanywillbesuccessfulinitsfundraisingactivities.Thesefinancialstatementsdo not
include any adjustments that would result if insufficient funds are raised.
```
## **`2. RAISING FUNDS`**
## **`Raising donations and legacies`**
|||**`Period`**|
|---|---|---|
|||**`1.1.20`**|
||**`Year Ended`**|**`to`**|
||**`30.12.21`**|**`30.12.20`**|
||**`£`**|**`£`**|
|`Support costs`|**`195,191`**|`193,847`|
```
Page 10
```
```
Capstone Church
```
## **`Notes to the Financial Statements - continued for the Year Ended 30 December 2021`**
## **`3. NET INCOME/(EXPENDITURE)`**
```
Net income/(expenditure) is stated after charging/(crediting):
```
|||**`Period`**|
|---|---|---|
|||**`1.1.20`**|
||**`Year Ended`**|**`to`**|
||**`30.12.21`**|**`30.12.20`**|
||**`£`**|**`£`**|
|`Depreciation - owned assets`|**`19,479`**|`23,477`|
## **`4. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30December2021norfor the
period ended 30 December 2020.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended30December2021norfortheperiod ended
30 December 2020.
```
## **`5. STAFF COSTS`**
```
The average monthly number of employees during the year was as follows:
```
|||**`Period`**|
|---|---|---|
|||**`1.1.20`**|
||**`Year Ended`**|**`to`**|
||**`30.12.21`**|**`30.12.20`**|
|`Direct charitable activity staff`|**`5`**|`3`|
|`Administrative staff`|**`1`**|`1`|
||**`6`**|`4`|
```
No employees received emoluments in excess of £60,000.
```
```
Page 11
```
```
Capstone Church
```
## **`Notes to the Financial Statements - continued for the Year Ended 30 December 2021`**
## **`6. TANGIBLE FIXED ASSETS`**
|**`COST OR VALUATION`**
`At 31 December 2020`
`Additions`
`Revaluations`
`At 30 December 2021`
**`DEPRECIATION`**
`At 31 December 2020`
`Charge for year`
`Eliminated on disposal`
`At 30 December 2021`
**`NET BOOK VALUE`**
`At 30 December 2021`
`At 30 December 2020`|**`Freehold`**
**`property`**
**`£`**
**`935,306`**
**`-`**
**`364,694`**
**`1,300,000`**
**`14,590`**
**`-`**
**`(14,590)`**
**`-`**
**`1,300,000`**
`920,716`|**`Fixtures`**
**`and`**
**`fittings`**
**`£`**
**`110,256`**
**`-`**
**`-`**
**`110,256`**
**`63,705`**
**`6,982`**
**`-`**
**`70,687`**
**`39,569`**
`46,551`|**`Computer`**
**`equipment`**
**`£`**
**`108,118`**
**`4,200`**
**`-`**
**`112,318`**
**`62,331`**
**`12,497`**
**`-`**
**`74,828`**
**`37,490`**
`45,787`|**`Totals`**
**`£`**
**`1,153,680`**
**`4,200`**
**`364,694`**|
|---|---|---|---|---|
|||||**`1,522,574`**|
|||||**`140,626`**
**`19,479`**
**`(14,590`**|
|||||**`145,515`**|
|||||**`1,377,059`**|
|||||`1,013,054`|
```
Cost or valuation at 30 December 2021 is represented by:
```
|`Valuation in 2020`
`Valuation in 2021`|**`Freehold`**
**`property`**
**`£`**
**`935,306`**
**`364,694`**
**`1,300,000`**|**`Fixtures`**
**`and`**
**`fittings`**
**`£`**
**`110,256`**
**`-`**
**`110,256`**|**`Computer`**
**`equipment`**
**`£`**
**`108,118`**
**`4,200`**
**`112,318`**|**`Totals`**
**`£`**
**`1,153,680`**
**`368,894`**|
|---|---|---|---|---|
|||||**`1,522,574`**|
```
Included in freehold property is land at an estimated cost of £575,000 which is not depreciated.
```
## **`7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**|||
|---|---|---|
||**`30.12.21`**|**`30.12.20`**|
||**`£`**|**`£`**|
|`Amounts owed by group undertakings`|**`42,150`**|`10,000`|
|`Other debtors`|**`25,651`**|`55,852`|
||**`67,801`**|`65,852`|
```
Page 12
```
```
Capstone Church
```
```
Notes to the Financial Statements - continued
for the Year Ended 30 December 2021
```
## **`8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|**`8.`**|**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**|||
|---|---|---|---|
|||**`30.12.21`**|**`30.12.20`**|
|||**`£`**|**`£`**|
||`Bank loans and overdrafts (see note 10)`|**`-`**|`2,065`|
||`Social security and other taxes`|**`2,224`**|`2,989`|
||`Other creditors`|**`17,561`**|`10,994`|
||`Wages Payable`|**`1,370`**|`1,370`|
||`Crosspay Giving`|**`3,380`**|`-`|
|||**`24,535`**|`17,418`|
|**`9.`**|**`CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`**|||
|||**`30.12.21`**|**`30.12.20`**|
|||**`£`**|**`£`**|
||`Bank loans (see note 10)`|**`502,911`**|`530,066`|
```
Bankloansaresecuredbywayofa fixedandfloatingchargeovertheassetsofthecharityandare repayable
by monthlyinstalmentsover a periodof 20 years.The interestrate per annumis equalto the aggregateof the
margin rate (3.5%) and the base rate which during the period was 0.5% (2018 - 0.5%)
```
```
PersonalguaranteeshavebeenprovidedinrespectofthebankloanbytheTrusteesandcertainclose family
members of the Trustees.
```
## **`10. LOANS`**
```
An analysis of the maturity of loans is given below:
```
|`Amounts falling due within one year on demand:`
`Bank overdrafts`
`Amounts falling due between two and five years:`
`Bank loans - 2-5 years`|**`30.12.21`**
**`£`**
**`-`**
**`502,911`**|**`30.12.20`**
**`£`**
`2,065`|
|---|---|---|
|||`530,066`|
## **`11. MOVEMENT IN FUNDS`**
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|**`Net`**
**`At`**
**`movement`**
**`31.12.20`**
**`in funds`**
**`£`**
**`£`**
**`700,896`**
**`72,373`**
**`700,896`**
**`72,373`**|**`At`**
**`30.12.21`**
**`£`**
**`773,269`**|
|---|---|---|
|||**`773,269`**|
```
Page 13
```
```
Capstone Church
```
## **`Notes to the Financial Statements - continued for the Year Ended 30 December 2021`**
## **`11. MOVEMENT IN FUNDS - continued`**
```
Net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|**`Incoming`**
**`resources`**
**`£`**
**`401,456`**
**`401,456`**|**`Resources`**
**`Movement`**
**`expended`**
**`in funds`**
**`£`**
**`£`**
**`(329,083)`**
**`72,373`**
**`(329,083)`**
**`72,373`**|
|---|---|---|
## **`Comparatives for movement in funds`**
||**`Net`**||
|---|---|---|
||**`movement`**|**`At`**|
|**`At 1.1.20`**|**`in funds`**|**`30.12.20`**|
|**`£`**|**`£`**|**`£`**|
|**`Unrestricted funds`**|||
|`General fund`
`598,947`|`101,949`|`700,896`|
|**`TOTAL FUNDS`**
`598,947`|`101,949`|`700,896`|
|`Comparative net movement in funds, included in the above are as follows:`|||
|**`Incoming`**|**`Resources`**|**`Movement`**|
|**`resources`**|**`expended`**|**`in funds`**|
|**`£`**|**`£`**|**`£`**|
|**`Unrestricted funds`**|||
|`General fund`
`401,855`|`(299,906)`|`101,949`|
|**`TOTAL FUNDS`**
`401,855`|`(299,906)`|`101,949`|
## **`12. RELATED PARTY DISCLOSURES`**
```
During the year unrestricted donations totalling £Nil (2020: £Nil) were donated by trustees and related parties.
```
```
Page 14
```
```
Capstone Church
```
## **`Detailed Statement of Financial Activities for the Year Ended 30 December 2021`**
|**`Detailed Statement of Financial Activities`**
**`for the Year Ended 30 December 2021`**|||
|---|---|---|
|||**`Period`**|
|||**`1.1.20`**|
||**`Year Ended`**|**`to`**|
||**`30.12.21`**|**`30.12.20`**|
||**`£`**|**`£`**|
|**`INCOME AND ENDOWMENTS`**|||
|**`Donations and legacies`**|||
|`Donations - non-gift aid`|**`41,665`**|`45,526`|
|`Donations - gift aid`|**`350,872`**|`327,658`|
|`Charitable activities`|**`3,327`**|`200`|
|`Grants`|**`5,592`**|`28,471`|
||**`401,456`**|`401,855`|
|**`Total incoming resources`**|**`401,456`**|`401,855`|
|**`EXPENDITURE`**|||
|**`Charitable activities`**|||
|`Offerings`|**`87,629`**|`69,356`|
|`Helps`|**`26,783`**|`7,997`|
||**`114,412`**|`77,353`|
|**`Support costs`**|||
|**`Management`**|||
|`Wages`|**`105,799`**|`113,438`|
|`Social security`|**`3,819`**|`5,533`|
|`Pensions`|**`2,290`**|`2,511`|
|`Rates and water`|**`3,780`**|`3,570`|
|`Light and heat`|**`6,719`**|`7,107`|
|`Telephone`|**`2,079`**|`3,313`|
|`Postage and stationery`|**`525`**|`957`|
|`Advertising`|**`4,778`**|`4,414`|
|`Sundries`|**`746`**|`1,866`|
|`Subscriptions`|**`4,838`**|`5,229`|
|`Accomodation`|**`3,835`**|`2,220`|
|`Computer expenses`|**`587`**|`166`|
|`Materials`|**`2,543`**|`826`|
|`Cost of events`|**`3,171`**|`695`|
|`Food and refreshments`|**`6,770`**|`3,630`|
|`Materials`|**`1,110`**|`2,140`|
|`Professional fees`|**`710`**|`4,555`|
|`Sound & Media`|**`1,829`**|`3,341`|
||**`155,928`**|`165,511`|
|**`Finance`**|||
|`Bank interest`|**`22,041`**|`22,948`|
```
This page does not form part of the statutory financial statements
```
```
Page 15
```
```
Capstone Church
```
## **`Detailed Statement of Financial Activities for the Year Ended 30 December 2021`**
|**`Detailed Statement of Financial Activities`**
**`for the Year Ended 30 December 2021`**|||
|---|---|---|
|||**`Period`**|
|||**`1.1.20`**|
||**`Year Ended`**|**`to`**|
||**`30.12.21`**|**`30.12.20`**|
||**`£`**|**`£`**|
|**`Finance`**|||
|**`Information technology`**|||
|`Repairs and maintenance`|**`14,102`**|`7,577`|
|`Fixtures and fittings`|**`6,983`**|`8,215`|
|`Computer equipment`|**`12,497`**|`15,262`|
||**`33,582`**|`31,054`|
|**`Other`**|||
|`Accountancy`|**`3,120`**|`3,040`|
|`Total resources expended`|**`329,083`**|`299,906`|
|**`Net income`**|**`72,373`**|`101,949`|
```
This page does not form part of the statutory financial statements
```
```
Page 16
```