REGISTERED COMPANY NUMBER: 06874952 (England and Wales)
REGISTERED CHARITY NUMBER: 1129484
Trustees' Report and
Financial Statements for the Year Ended 30 December 2024
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 2024
|
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 2024
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended30December2024.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:
Significant activities
Each month of 2024 carried a specific biblical theme, shaping preaching, worship, and prayer focus:
1. January - Write Down the Vision (Habakkuk 2:2)
2. February - Yet I Will Take Joy (Habakkuk 3:18)
3. March - He Is Risen (Easter)
4. April - Holy (Isaiah 6)
5. May - Overflow with Hope (Romans 15:13)
6. June - The Glory of the Lord (Habakkuk 2:14)
7. July - Fix Your Eyes on Jesus (Hebrews 12:2)
8. August - The Lord is Strong and Mighty in Battle! (Psalm 24:8)
9. September - Teach Us to Pray (Luke 11:1)
10. October - Holy Spirit (Luke 24:49)
11. November - Holy Spirit (continued)
12. December - Christmas
Page 1
Capstone Church
Trustees' Report
for the Year Ended 30 December 2024
ACHIEVEMENT AND PERFORMANCE Charitable activities Special Services & Events
Special Guests -
Christ and Summer Shealy (9-10 January) - Led worship and ministry.
Dr. Barbie Breathitt (12 January weekend) - Prophetic teaching and ministry.
Re-Imaging Christ In Us - New Mentoring Programme -
Launchedinearly2024,replacingtheLondonPropheticCentrementoring.Thisprogrammefocuseson spiritual
formation,Christlikecharacter,andfivefoldministrydevelopment.It includesregularstudy,fellowship,and personal
mentoring from experienced ministers, aimed at equipping believers for Christ-centred ministry in the UK and beyond
.
Easter Services - March - Good Friday and Easter Sunday gatherings celebrating the death and resurrection of Jesus.
Fasting & Prayer Week - 22-27 April - Evening gatherings (7-9 PM) dedicated to worship, prayer, and consecration.
AwakeningNightswithApostleJensGarnfeldt-7-10October-Fournightsofrevivalpreaching,prophetic ministry,
and worship.
RevivalNightswithPs.RaisonThomas-29November-1December-Servicesfocusedonrevivalfire,worship, and
impartation.
ChristmasService& Celebrations- December- MarkingthebirthofChristwithworship,communityfellowship, and
celebration.
Missions & Outreach
CapstoneBoysHome-Continuedsponsorshipof10orphanboysinHyderabad,India,providing accommodation,
food, clothing, and education in partnership with Asha Jyothi.
SupportforOtherMinistries-Providedfinancialandprayersupportforlocalandinternationalministries, including
churches, prayer houses, eva ngelists, and mission organisations.
The objectives of the Charity, as set out in the governing document, are:
To advance the Christian faith.
To relievesicknessandfinancialhardshipandtopromoteandpreservegoodhealthbytheprovisionof funds, goods
orservicesofanykind,includingthroughtheprovisionofcounsellingandsupport,insuchpartsofthe 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.
Regular Services & Ministries
SundayServices- Weeklyservices,freeforalltoattend,beginningwithvibrantworshipledbytheCapstone Church
WorshipBand,followedbybiblicalpreachingandatimeofprayer.Serviceswerelivestreamedforthoseunable to
attend in perso n.
Kids Church- Held weekly duringSundayservices for childrenaged 12 and under, with age-appropriateBible teaching,
games, and activities.
Page 2
Capstone Church
for the Year Ended 30 December 2024
Trustees' Report
Fasting and Prayer -
Monthly: Three days at the start of each month dedicated to prayer and fasting.
Special: 22-27 April, 7-9 PM nightly - a focused week of corporate fasting, worship, and intercession
PrayerRoom-OpenMondays(6-10PM),Tuesdays(6-7AM),andThursdays(9:30AM-12PM)forpersonal and
corporate prayer.
UniteHomeGroups-Fortnightlyduringschoolterms,heldinhomesorcafésforfellowship,worship,teaching, and
prayer.
Pebbles Toddler Group - Weekly on Wednesdays, 11 AM-12 PM, for toddlers and parents.
Father's Feast - Weekly homeless outreach in Ilford, providing meals, pastoral support, and prayer.
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 of the company.The Trustees may appointa personwho is willingto act
to be a Trustee, either to fill a vacancy or as an additional Trustee.
New Trusteesare briefedon theirlegalobligationsundercharityandcompanylaw,the contentof the Memorandum
andArticlesof Association,the committeeanddecision-makingprocesses,the businessplan,andthe recent financial
performance of the Charity.
TheTrusteesareresponsibleformanagingtherisksfacedbytheCharity.Allsignificantactivitiesundertaken are
subject to risk review as part of the initialprojectassessment and implementation.The Trustees review 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 these 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
Page 3
Capstone Church
Trustees' Report
for the Year Ended 30 December 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner Nordens The Retreat 406 Roding Lane South Woodford Green Essex IG8 8EY 11/09/2025 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 2024.
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
thatI am qualifiedto undertakethe examinationbecauseI am a member of the Instituteof CharteredAccountants in
England and Wales, 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
The Institute of Chartered Accountants in England and Wales
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 2024
Notes
INCOME AND ENDOWMENTS FROM
Donations and Grants
EXPENDITURE ON
Raising funds
2
Charitable activities
Cost of activities
Depreciation
Total
NET INCOME/(EXPENDITURE)
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 |
30.12.24
Unrestricted
fund
£
428,755
102,279
355,396
18,264
475,939
(47,184)
-
(47,184)
1,261,773
1,214,589 |
30.12.23
Total
funds
£
410,994 |
|
|
148,701
359,191
15,483 |
|
|
523,375 |
|
|
(112,381)
200,000 |
|
|
87,619
1,174,154 |
|
|
1,261,773 |
The notes form part of these financial statements
Page 6
Capstone Church (Registered number: 06874952)
Balance Sheet
30 December 2024
Notes
FIXED ASSETS
Tangible assets
6
CURRENT ASSETS
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 |
30.12.24
Unrestricted
fund
£
1,587,641
63,078
(29,472)
33,606
1,621,247
(406,658)
1,214,589
1,214,589
1,214,589 |
30.12.23
Total
funds
£
1,566,063
154,826
(29,968) |
|
|
124,858 |
|
|
1,690,921
(429,148) |
|
|
1,261,773 |
|
|
1,261,773 |
|
|
1,261,773 |
The charitablecompanyis entitledto exemptionfrom audit under Section477 of the CompaniesAct 2006 for the year
ended 30 December 2024.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
30 December 2024 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 2024
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
The 11/09/2025 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 2024
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.
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.
Company status
TheCharityisacompanylimitedbyguarantee.ThemembersoftheCharityaretheTrusteesnamedin the
TrusteesReport.In the event of the Charitybeingwoundup, the liabilityin respectof the guaranteeis limited
to £10 per member of the Charity.
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 2024
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.
2. RAISING FUNDS
Raising donations and legacies
Raising donations and legacies |
|
|
|
30.12.24 |
30.12.23 |
|
£ |
£ |
Support costs |
102,279 |
103,831 |
3.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
|
30.12.24 |
30.12.23 |
|
£ |
£ |
Depreciation - owned assets |
18,265 |
15,483 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees'remunerationor other benefitsfor the year ended 30 December 2024 nor for the year
ended 30 December 2023.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended30December2024norfortheyear ended
30 December 2023.
Page 10
Capstone Church
Notes to the Financial Statements - continued
for the Year Ended 30 December 2024
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
|
30.12.24 |
30.12.23 |
Direct charitable activity staff |
6 |
5 |
No employees received emoluments in excess of £60,000.
6. TANGIBLE FIXED ASSETS
COST OR VALUATION
At 31 December 2023
Additions
At 30 December 2024
DEPRECIATION
At 31 December 2023
Charge for year
At 30 December 2024
NET BOOK VALUE
At 30 December 2024
At 30 December 2023 |
Freehold
property
£
1,500,000
-
1,500,000
-
-
-
1,500,000
1,500,000 |
Plant and
machinery
£
14,682
24,567
39,249
2,713
5,481
8,194
31,055
11,969 |
Fixtures
and
fittings
£
112,477
15,276
127,753
82,161
6,839
89,000
38,753
30,316 |
Computer
equipment
£
116,530
-
116,530
92,752
5,945
98,697
17,833
23,778 |
Totals
£
1,743,689
39,843 |
|
|
|
|
|
1,783,532 |
|
|
|
|
|
177,626
18,265 |
|
|
|
|
|
195,891 |
|
|
|
|
|
1,587,641 |
|
|
|
|
|
1,566,063 |
Cost or valuation at 30 December 2024 is represented by:
Valuation in 2020
Valuation in 2021
Valuation in 2022
Valuation in 2023
Valuation in 2024 |
Freehold
property
£
935,306
364,694
-
200,000
-
1,500,000 |
Plant and
machinery
£
-
-
4,009
10,673
24,567
39,249 |
Fixtures
and
fittings
£
110,256
-
621
1,600
15,276
127,753 |
Computer
equipment
£
108,118
4,200
2,502
1,710
-
116,530 |
Totals
£
1,153,680
368,894
7,132
213,983
39,843 |
|
|
|
|
|
1,783,532 |
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 2024
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
30.12.24 |
30.12.23 |
|
£ |
£ |
Bank loans and overdrafts (see note 9) |
26,000 |
26,000 |
Social security and other taxes |
2,825 |
2,613 |
Pension Payable |
26 |
- |
Other creditors |
621 |
377 |
Wages Payable |
- |
978 |
|
29,472 |
29,968 |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
|
|
|
30.12.24 |
30.12.23 |
|
£ |
£ |
Bank loans (see note 9) |
406,658 |
429,148 |
Bankloansaresecuredbywayofa fixedandfloatingchargeovertheassetsofthecharityandare repayable
by monthlyinstalmentsover a periodof 20 years.The interestrate per annumis equalto the aggregateof the
margin rate (5.25%) and the base rate which during the period was 5.25% (2023 - 3.5%)
PersonalguaranteeshavebeenprovidedinrespectofthebankloanbytheTrusteesandcertainclose 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 loans
Amounts falling due between two and five years:
Bank loans - 2-5 years |
30.12.24
£
26,000
406,658 |
30.12.23
£
26,000 |
|
|
429,148 |
10. MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS |
At
31.12.23
£
1,261,773
1,261,773 |
Net
movement
in funds
£
(47,184)
(47,184) |
At
30.12.24
£
1,214,589 |
|
|
|
1,214,589 |
Page 12
Capstone Church
Notes to the Financial Statements - continued
for the Year Ended 30 December 2024
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
428,755
428,755 |
Resources
Movement
expended
in funds
£
£
(475,939)
(47,184)
(475,939)
(47,184) |
|
|
|
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS |
At
31.12.22
£
1,174,154
1,174,154 |
Net
movement
in funds
£
87,619
87,619 |
At
30.12.23
£
1,261,773 |
|
|
|
1,261,773 |
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
410,994
410,994 |
Resources
expended
£
(523,375)
(523,375) |
Gains and
Movement
losses
in funds
£
£
200,000
87,619
200,000
87,619 |
|
|
|
|
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
At
31.12.22
£
1,174,154
1,174,154 |
Net
movement
in funds
£
40,435
40,435 |
At
30.12.24
£
1,214,589 |
|
|
|
1,214,589 |
Page 13
Capstone Church
Notes to the Financial Statements - continued
for the Year Ended 30 December 2024
10. MOVEMENT IN FUNDS - continued
A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
839,749
839,749 |
Resources
expended
£
(999,314)
(999,314) |
Gains and
Movement
losses
in funds
£
£
200,000
40,435
200,000
40,435 |
|
|
|
|
11. RELATED PARTY DISCLOSURES
During the year unrestricted donations totalling £NIL(2023:£NIL were donated by trustees and related parties.
Page 14
Capstone Church
Detailed Statement of Financial Activities
for the Year Ended 30 December 2024
Detailed Statement of Financial Activities
for the Year Ended 30 December 2024 |
|
|
|
30.12.24 |
30.12.23 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Donations and Grants |
|
|
Donations - non-gift aid |
48,639 |
62,475 |
Donations - gift aid |
284,424 |
294,676 |
Charitable activities |
1,809 |
6,357 |
Income from Gift Aid |
93,883 |
47,486 |
|
428,755 |
410,994 |
Total incoming resources |
428,755 |
410,994 |
EXPENDITURE |
|
|
Other trading activities |
|
|
Bad debts |
- |
44,870 |
Charitable activities |
|
|
Offerings |
124,178 |
140,556 |
Food and refreshments |
- |
12 |
Helps |
24,294 |
25,802 |
|
148,472 |
166,370 |
Support costs |
|
|
Management |
|
|
Wages |
145,515 |
117,845 |
Social security |
8,637 |
5,550 |
Pensions |
2,843 |
2,466 |
Rates and water |
1,768 |
3,890 |
Light and heat |
19,224 |
15,194 |
Telephone |
1,371 |
2,376 |
Postage and stationery |
877 |
1,424 |
Advertising |
244 |
2,377 |
Sundries |
531 |
686 |
Subscriptions |
8,083 |
8,740 |
Accomodation |
15,487 |
23,953 |
Computer expenses |
6,527 |
7,638 |
Materials |
5,551 |
7,345 |
Cost of events |
8,037 |
12,833 |
Food and refreshments |
19,673 |
24,462 |
Professional fees |
2,715 |
229 |
Sound & Media |
8,516 |
5,722 |
|
255,599 |
242,730 |
Finance |
|
|
Bank interest |
42,044 |
35,366 |
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 2024
Detailed Statement of Financial Activities
for the Year Ended 30 December 2024 |
|
|
|
30.12.24 |
30.12.23 |
|
£ |
£ |
Finance |
|
|
Information technology |
|
|
Repairs and maintenance |
8,572 |
15,166 |
Plant and machinery |
5,480 |
2,112 |
Fixtures and fittings |
6,839 |
5,445 |
Computer equipment |
5,945 |
7,926 |
|
26,836 |
30,649 |
Other |
|
|
Accountancy |
2,988 |
3,390 |
Total resources expended |
475,939 |
523,375 |
Net expenditure |
(47,184) |
(112,381) |
This page does not form part of the statutory financial statements
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