REGISTERED COMPANY NUMBER: 06874952 (England and Wales)
REGISTERED CHARITY NUMBER: 1129484
Trustees' Report and
Financial Statements for the Year Ended 30 December 2022
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 2022
|
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
for the Year Ended 30 December 2022
Trustees' Report
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended30December2022.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
-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
FortheperiodfromJanuary2022toDecember2022,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
Thursday Bible Teaching
Father's Feast
Easter
Special Services
Thursday Bible Teaching
London Prophetic Centre
Cfan & Jesus at the Door
London Awakening Conference
Capstone Boys Home
Supporting Other ministries
Page 1
Capstone Church
for the Year Ended 30 December 2022
Trustees' Report
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Sunday Service
TheChurchhasitsregularserviceseverySunday.Thisisfreeforalltoattend.Thisservicebeginswithatime of
worshipbythevibrantchurchworshipbandandpreachingbyoneofthechurchleadersontheChristian faith,
followedbya timeofprayer.Freesnacksareservedaftereachservice.Theserviceisfrom10 amto12.30pm. Our
serviceswerebroadcastviadifferentlivestreamplatforms,forthosewhoareunableto attendtheservicein person
to view live or catch up.
Kids Church
Duringthetimeofthesermonona regular10.00amSundayService,childrenaged12 yearsandunderattend Kids
Church, where they get involved in activities and games and are taught from a bible-based curriculum.
21 Days of Fasting and Prayer
FromJanuarytoFebruary,meetingsareheldeverydayfor21daystopraise,worshipandforteachingof God's
word. During this time, members of Capstone Church also undertake a period of fasting. This was also live streamed.
Wednesday Worship Practice
The Church Worship Band meets on Wednesday evenings to practice and rehearse ahead of the Sunday Service.
Unite Home Groups
Ahomegroupisasmallgroupofmembersofthechurchthatmeetinhomesofleadersorcafesevery fortnight
duringschooltermtime.A homegroupisbasedoncommoninterestand/orlocation,forexamplea Medical Home
groupforthosefromthemedicalprofession,YouthHomeGroupforthosebetweentheagesof12and24, Family
HomeGroupsforfamilies.Ahomegroupmeetinggenerallylastsforhourandhalfandmayincludeatime of
worship,prayer,teachingfromthebibleandfellowshipwithfood.Thepurposeofthehomegroupsisto create
communityandenablethechurchtocareforitsmembersonadeeperoneononelevel.TheUnitehome groups
were held virtually and in person.
Pebbles Toddler Group
A toddlergroupis heldat the churcheveryWednesdayfrom11 am to 12pmfor toddlersup to the age of 4 and their
parents. It includes a time of free time, rhyme time, snack time. This is open to the community.
Prayer & Fasting
Wegatheredforprayer,fastingandbibleteachingonthefirstMondaytoWednesdayofthemonth (alternate
months). This saw many people gather consistently.
Father's Feast
TheFather'sFeastisanoutreachprogram.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
form of relieving sickness and financial hardship amongst other things.
Easter
TheEasterSundayservicewasheldon17 April2022.Thiswasa timeofworshipandpraise,prayerandteaching of
God'sword.DuringtheEasterperiod,wealsohelda12daychallengeforthechurchmemberswhich encouraged
members to reach out and make a difference to the community in different ways.
Special Services
Our Good Friday, Christmas and New Year's Eve Services were in person and broadcast via our livestream.
Revival/AwakeningnightserviceswereheldinApril(14th&15h),everyFridayeveninginSeptember& October
2022.
Page 2
Capstone Church
Trustees' Report
for the Year Ended 30 December 2022
oOverthecourseoftheyear,wehostedsomeguestspeakers/ministersforourSundayservice.These included
GeorgianBanov(GlobalCelebrations),ProphetSamachanPunaloor,RayWilliams,AndrewCannon (Gospel
Grenades).
Thursday Bible Teaching
FromFebruarytoJuly2022,oneveryThursdaywehadbibleteaching,coveringfoundationaltopicsandbooks from
the Bible.
London Prophetic Centre - Mentoring
ThesecondSaturdayofeverymonthfrom1pmto5:30pmwehadinpersonmentoringdays.Thepurposeof the
LondonPropheticCentreistogatherprophetsfromacrossLondonandequipandbuildthemuptobeeffective in
ministering to people.
Cfan & Jesus at the Door
FromAugust24thto26thwehaddiscipleshipandtrainingwiththegospel/bibleinpartnershipwith Christian
organisations such as Cfan and Jesus the Door.
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.
Christmas Party
On1stDecember2022wehadourChristmasparty,whereallcongregationmemberswereinvited.Itwasheld at
Toby Carvery Moby Dick, Romford. It was a great celebration over dinner, fun and games.
Christmas Service
Our ChristmasServicewas heldon 23 December2018 at 10am and comprisedof carolsby the churchchoir, worship,
drama, preaching the gospel, offer of prayer and fellowship. It was free for all to attend.
New Year's Eve Service
OurNewYear'sEveServicewasanextraordinarynightofworship,dances,actsandfollowedbytheWordof God.
The service began with dinner.
London Awakening Conference
Wehostedourannualconference-theLondonAwakeningConferencefromOctober27thto29th.Wehad Corey
Russell(Burning& ShiningLampMinistries),JerameNelson(ElishaRevolution)andSteveTebb(worshipleader) The
purpose was to build, train, motivate & equip Christians in the Christian faith and for service.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by
guarantee, as defined by the Companies Act 2006.
Page 3
Capstone Church
Trustees' Report
for the Year Ended 30 December 2022
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)
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 14/09/2023 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 2022.
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
confirmthatIamqualifiedtoundertaketheexaminationbecauseIamamemberofthe**ERROR- relevant
professional body must be completed**, 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
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 2022
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
EXPENDITURE ON
Raising funds
2
Charitable activities
Cost of activities
Depreciation
Total
NET INCOME
Other recognised gains/(losses)
Gains on revaluation of fixed assets
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
30.12.22
Unrestricted
fund
£
386,508
187,513
160,766
16,628
364,907
21,601
-
21,601
1,152,553
1,174,154 |
30.12.21
Total
funds
£
401,455 |
|
|
195,190
114,412
19,480 |
|
|
329,082 |
|
|
72,373
379,284 |
|
|
451,657
700,896 |
|
|
1,152,553 |
The notes form part of these financial statements
Page 6
Capstone Church (Registered number: 06874952)
Balance Sheet
30 December 2022
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 |
30.12.22
Unrestricted
fund
£
1,367,563
44,870
241,277
286,147
(28,587)
257,560
1,625,123
(450,969)
1,174,154
1,174,154
1,174,154 |
30.12.21
Total
funds
£
1,377,059
67,801
235,139 |
|
|
302,940
(24,535) |
|
|
278,405 |
|
|
1,655,464
(502,911) |
|
|
1,152,553 |
|
|
1,152,553 |
|
|
1,152,553 |
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006for the
year ended 30 December 2022.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
30 December 2022 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 2022
Thesefinancialstatementshave beenpreparedin accordancewiththe provisionsapplicableto charitable companies
subject to the small companies regime.
The 14/09/2023 financial statements were approved by the Board of Trustees and authorised for issue 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 2022
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, as modified by the revaluation of certain assets.
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.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Page 9
Capstone Church
Notes to the Financial Statements - continued
for the Year Ended 30 December 2022
1. ACCOUNTING POLICIES - continued
Fund accounting
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.
2. RAISING FUNDS
Raising donations and legacies
Raising donations and legacies |
|
|
|
30.12.22 |
30.12.21 |
|
£ |
£ |
Support costs |
187,513 |
195,190 |
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
|
30.12.22 |
30.12.21 |
|
£ |
£ |
Depreciation - owned assets |
16,628 |
19,479 |
4. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30December2022norfor the
year ended 30 December 2021.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended30December2022norfortheyear ended
30 December 2021.
Page 10
Capstone Church
Notes to the Financial Statements - continued
for the Year Ended 30 December 2022
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
|
30.12.22 |
30.12.21 |
Direct charitable activity staff |
4 |
5 |
Administrative staff |
- |
1 |
|
4 |
6 |
No employees received emoluments in excess of £60,000.
6. TANGIBLE FIXED ASSETS
COST OR VALUATION
At 31 December 2021
Additions
At 30 December 2022
DEPRECIATION
At 31 December 2021
Charge for year
At 30 December 2022
NET BOOK VALUE
At 30 December 2022
At 30 December 2021 |
Freehold
property
£
1,300,000
-
1,300,000
-
-
-
1,300,000
1,300,000 |
Plant and
machinery
£
-
4,009
4,009
-
601
601
3,408
- |
Fixtures
and
fittings
£
110,256
621
110,877
70,687
6,029
76,716
34,161
39,569 |
Computer
equipment
£
112,318
2,502
114,820
74,828
9,998
84,826
29,994
37,490 |
Totals
£
1,522,574
7,132 |
|
|
|
|
|
1,529,706 |
|
|
|
|
|
145,515
16,628 |
|
|
|
|
|
162,143 |
|
|
|
|
|
1,367,563 |
|
|
|
|
|
1,377,059 |
Cost or valuation at 30 December 2022 is represented by:
Valuation in 2020
Valuation in 2021
Valuation in 2022 |
Freehold
property
£
935,306
364,694
-
1,300,000 |
Plant and
machinery
£
-
-
4,009
4,009 |
Fixtures
and
fittings
£
110,256
-
621
110,877 |
Computer
equipment
£
108,118
4,200
2,502
114,820 |
Totals
£
1,153,680
368,894
7,132 |
|
|
|
|
|
1,529,706 |
Included in freehold property is land at an estimated cost of £575,000 which is not depreciated.
Page 11
Capstone Church
Notes to the Financial Statements - continued
for the Year Ended 30 December 2022
7. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
30.12.22 |
30.12.21 |
|
|
£ |
£ |
|
Amounts owed by group undertakings |
44,870 |
42,150 |
|
Other debtors |
- |
25,651 |
|
|
44,870 |
67,801 |
8. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
30.12.22 |
30.12.21 |
|
|
£ |
£ |
|
Bank loans and overdrafts (see note 10) |
26,000 |
- |
|
Social security and other taxes |
1,853 |
2,224 |
|
Other creditors |
734 |
17,561 |
|
Wages Payable |
- |
1,370 |
|
Crosspay Giving |
- |
3,380 |
|
|
28,587 |
24,535 |
9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
|
|
|
|
30.12.22 |
30.12.21 |
|
|
£ |
£ |
|
Bank loans (see note 10) |
450,969 |
502,911 |
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.
10. LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling due between two and five years:
Bank loans - 2-5 years |
30.12.22
£
26,000
450,969 |
30.12.21
£
- |
|
|
502,911 |
Page 12
Capstone Church
Notes to the Financial Statements - continued
for the Year Ended 30 December 2022
11. 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
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS
Comparative net movement in funds, included in the above are as
Incoming
resources
£
Unrestricted funds
General fund
401,455
TOTAL FUNDS
401,455 |
At
31.12.21
£
1,152,553
1,152,553
Incoming
resources
£
386,508
386,508
At
31.12.20
£
700,896
700,896
follows:
Resources
expended
£
(329,082)
(329,082) |
Net
movement
in funds
£
21,601
21,601
Resources
expended
£
(364,907)
(364,907)
Net
movement
in funds
£
451,657
451,657
Gains and
losses
£
379,284
379,284 |
At
30.12.22
£
1,174,154
1,174,154
Movement
in funds
£
21,601
21,601
At
30.12.21
£
1,152,553
1,152,553
Movement
in funds
£
451,657
451,657 |
|
|
|
|
Page 13
Capstone Church
Notes to the Financial Statements - continued
for the Year Ended 30 December 2022
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
At
31.12.20
£
700,896
700,896 |
Net
movement
in funds
£
473,258
473,258 |
At
30.12.22
£
1,174,154 |
|
|
|
1,174,154 |
A currentyear12 monthsand prioryear12 monthscombinednetmovementin funds,includedin the above
are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
787,963
787,963 |
Resources
expended
£
(693,989)
(693,989) |
Gains and
Movement
losses
in funds
£
£
379,284
473,258
379,284
473,258 |
Gains and
Movement
losses
in funds
£
£
379,284
473,258
379,284
473,258 |
|
|
|
|
473,258 |
12. RELATED PARTY DISCLOSURES
Duringtheyearunrestricteddonationstotalling£38,739(2021:£Nil)weredonatedbytrusteesand related
parties.
Page 14
Capstone Church
Detailed Statement of Financial Activities for the Year Ended 30 December 2022
Detailed Statement of Financial Activities
for the Year Ended 30 December 2022 |
|
|
|
30.12.22 |
30.12.21 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Donations and legacies |
|
|
Donations - non-gift aid |
41,228 |
41,664 |
Donations - gift aid |
265,354 |
350,872 |
Charitable activities |
6,875 |
3,327 |
Income from Gift Aid |
73,051 |
- |
Grants |
- |
5,592 |
|
386,508 |
401,455 |
Total incoming resources |
386,508 |
401,455 |
EXPENDITURE |
|
|
Charitable activities |
|
|
Offerings |
113,780 |
87,629 |
Food and refreshments |
44 |
- |
Helps |
18,080 |
26,783 |
|
131,904 |
114,412 |
Support costs |
|
|
Management |
|
|
Wages |
97,311 |
105,799 |
Social security |
(2,433) |
3,819 |
Pensions |
2,343 |
2,289 |
Rates and water |
3,820 |
3,780 |
Light and heat |
12,336 |
6,719 |
Telephone |
3,696 |
2,079 |
Postage and stationery |
483 |
525 |
Advertising |
2,475 |
4,778 |
Sundries |
1,002 |
746 |
Subscriptions |
7,771 |
4,838 |
Accomodation |
17,894 |
3,835 |
Computer expenses |
473 |
587 |
Materials |
5,480 |
2,543 |
Cost of events |
9,229 |
3,171 |
Food and refreshments |
13,990 |
6,770 |
Materials |
932 |
1,110 |
Professional fees |
8,144 |
710 |
Sound & Media |
1,007 |
1,829 |
|
185,953 |
155,927 |
Finance |
|
|
Bank interest |
24,958 |
22,041 |
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 2022
Detailed Statement of Financial Activities
for the Year Ended 30 December 2022 |
|
|
|
30.12.22 |
30.12.21 |
|
£ |
£ |
Finance |
|
|
Information technology |
|
|
Repairs and maintenance |
2,984 |
14,102 |
Plant and machinery |
601 |
- |
Fixtures and fittings |
6,029 |
6,983 |
Computer equipment |
9,998 |
12,497 |
|
19,612 |
33,582 |
Other |
|
|
Accountancy |
2,480 |
3,120 |
Total resources expended |
364,907 |
329,082 |
Net income |
21,601 |
72,373 |
This page does not form part of the statutory financial statements
Page 16