``` 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 ```