CAPSTONE CHURCH
The main objective of the charity is to advance the christian faith and also provide community support in the form of relieving sickness and financial hardship amongst other things. Examples of activities carried out include Free Easter Weekend Events,Free Christmas Events, Outreach Programmes giving free lunch and provisions to the community, holding weekly prayer meetings and services.
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds decreased by £47,184 to £1,214,589 due to net expenditure exceeding incoming resources. The charity holds significant unrestricted reserves relative to its annual expenditure, indicating strong financial stability. No material uncertainties or going concern issues were disclosed.
What the accounts disclose
“During the year unrestricted donations totalling £NIL(2023:£NIL were donated by trustees and related parties.” — page 16
Property (HM Land Registry)
Trustees
- PREETHY KURIANchair
- Georgian Assenov Banov
- SAIRA GEORGE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £429k | £476k |
| 31/12/2023 | £411k | £523k |
| 31/12/2022 | £387k | £365k |
| 31/12/2021 | £402k | £329k |
| 31/12/2020 | £402k | £300k |
Common questions
Is CAPSTONE CHURCH financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds decreased by £47,184 to £1,214,589 due to net expenditure exceeding incoming resources. The charity holds significant unrestricted reserves relative to its annual expenditure, indicating strong financial stability. No material uncertainties or going concern issues were disclosed. Its FY2024 accounts were independently examined.