COMPANY REGISTRATION NUMBER: 2781672
CHARITY REGISTRATION NUMBER: 1024932
CORNERSTONE COMMUNITY CENTRE (HOVE)
Company Limited by Guarantee
UNAUDITED FINANCIAL STATEMENTS
30 SEPTEMBER 2024

CORNERSTONE COMMUNITY CENTRE (HOVE)
COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMEiYrs
YEAR ENDED 30 SEPTEMBER 2024
Page
TTU.Stees' annual re￿)r( (incnrporating the direLtor's repi)rtl
Independent examiner's report to the Iru,¥lees
Statement of financial activities (including inLnme and expenditure dLL()unt)
Statement of financial position
Notes to the financial statements
14
The following pages do not form part of the financial statements
Detailed slatement of financial activitie
26
Notes to the detailed stalemenl of financidl aLtivitics

C:ORNERS'f()Nl4 COMMUNITY CENTRE (HOVE)
C()MPANY LIMITED BY GUARAKfEE
TRUSTEES, ANNL'AL REPORT (INCORPOII4TING THE DIRECTOR'S REPORT)
YF;AR ENDED 30 SEFfEMBER 2024
The trustee%. wliu are iilio the direclor% for the purpo.ses of company law, P￿Sent their report and the
unaudilccl fin&tnLiJI %t'itement% of the Lharity for tlie y&qr ended 30 September 2024.
RL.lerence and administrative details
Registered charity name
Corner%rone Community Centre (Hove}
Charity registration number
10249.32
C"(pmpany registration number 278167?
Principal oftice and registLired C()rner%tone Community Centre
ChurLh R()ad
H()ve
BN.I ?FL
The trustees
Mi.%s L Godfrey
DrRMPSayer
M% A Ollerenshaw
M% J Robin%on
The RLvd E Cc)Ilin%
MT S Daiiid%on
Mr S Lovell
M% K Prior
Mr J Barreit
Ms S R()ger
MsJTew
Mr J Araujo
Mr T Beattie
(Resigned 24 June 2024)
(Resigned 14 May 2024)
IRe.signed 14 May 2024)
(Appointed 14 May 2024)
(Appointed 14 May 2024)
IAppointe(114 May 2024)
IAppoinled 20 August 2024)
ThL' Bc)iLrd. mLmhLrs (>f IhL' L()InpJny. may derive no benefit. income or Lapital interest from Ihe
L()mp¢iny'¥ afl iiT% C)Iher than ihe reimbuThemeni of expen4e%. In the event of the company being
w()uncl up, eaLh meinber, who 1% a member dt that time, hKI.% undertaken to contribute £1.

CORNERSTONE COMMUNITY CENTRE IHOI:E)
COMPANY LIMITED BY GUARANTEE
TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPOR'r)
(coiilinued)
YEAR ENDED 30 SEvfEMBER 2024
Directors and trustees
Under ihe Memorandum and ArtiLles of Association the fc)11()Iviii&) bc)dies are entiiled t() n()iiiinatL' l)r
appoint tru%tees'.
a) Up to one person nominilted by the pari£h prie%1 q)r pcr%on holdingTr Ihc Bi%liop'% liceiiLL Ii'iih
responsibiliiy fur (he parish of Sl John thc Baplist (Jr SULLessoT p￿igh.
b) Up to one person nomin<lted by ihe Chichester Dic)Le8an Fund diid Bc)ard c)t" FinanLL.
c l Up to one person notninaled by the local council,
d) Up to three persons nomindted by the ParoLhial Church C(iunLiI (If St J(?hn'%.
e) Up to ihree persons from the local Lommunily i%ce noie i) tK.1(1￿. l.
n Up to three persons from ihe users of Cornersione {seL D()te li l EK'lowl. and thLJ' shall Li)mpn%e IhL'
Committee of Managernent
Note
il Those froTn the loc￿ community dre defined io be ttLo%e pcr.4on% ni)Inindted thri)ugrh Jny Ll)IT]IIILlllity
association that covers an area that inter*cts with the Lentre'% areli l)t ￿1]LfIl. ()r Jii), L()()rdinating
body of communiiy groups and resident% a%%ociations thal Lover an areJ tliiil inlei-.4CLl% ￿..111] Ilie
centre's area of benefit.
ii) A uqer of Cornerstone ks defined to bc ihnsc person% who have ()rtvanised ()r JllLiicled ilLiivilie
which involved the hiring of the facilitieg of the Lcntre in ihe 24 m(Inth4 ()r th()%L' whi) vi)lunieL'r in
the centre for either specific time or perindically.

CORNERSTONE C(),IIMUNITY CENTRE (HOVE)
C'OMPANY LIMITED BY GUARANTEF
TRUSTEES, ANNLIAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)
Icviilijèiiedl
YEAR FNDED 30 SEvfEMBER 2024
enior staff and principal advisor5
CL'ntrL. Manager
Mr J<)n¢lthan BurrLII
Bankers
N4lli()Iial We.%tniin%ler Bank
Hc)ve
Fa.%i Su%%ex
Insiirer.
Aii.%var Iii%urdnLe
C'()mpan} secretary
M% J R()hin%c)n
Independent examiner
Chris Kyftin-walton
1611 Church Road
Hove
Ea%t Su%.%ex

CORNERSTONE COMMUNITY CENTRE (HOI;E)
COMPANY LIMtTED BY GUARANTFF
TRUSTEES, ANNUAL REPORT (INCORPORATINC. THE DIRE￿OR's REPORT
YEAR ENDED 30 SEPTEMBER 20
Structure? governance and management
Constitution
The Corner8tone Community CentTe (Hovel IN a Lompany limited by
'UaTiintee ii()I hav'inb7 Ll 5li¢ifL
Lapital dnd is a registered charity governed by it% menK)randuin lind ailiLle4 1)1 )%%()LiJli(Iii.
The company's princ'ipal 4lLtiviiy 1% lo promoie. Jnd advaiiLL ￿ri)r￿ t() Ilii. heiiL'lit ()l- IIIL
inhabitants enclosed by the f()rnier political ward b(iundari¢s ()t BruiiNwiLk Lind AdLl¢liLIL' aiid CLlItI'iil
Hove without dislinction of rdce. or sex. or ()t- politicJl. rLligi()Ii% Iii. ()IhLr ()piiiiiin% bN' ¢l%%()Li<ili nLi rl)e
IoLal authorities, voluntary organisativn and inhabitanls in '1 Ll)Inm()n L'ft'()rt 10 adv'iiiii" eLILILJti()n Jiid
to provide facilities in ihe interests of ￿1￿1.11 ivelfare Sor rLxreati()n and ILi%iiri'. li mi i)LLupali()n wiLh
the object of improving the conditions of lifL for thc said inliJbitant%.
Organis8tion and decision making .structure
Members of board (manageinenl committeel are Jlw inembcpi C)t" the LninpJny dnd cl)arily
("Cornerstone Communiiy Centre (Hove)") Jnd %ei LortK)rale piic)ritlL% and deLidc ihL ()verdll
rinancial strategy for the Centre in ils prime iinFerative lo pr(Iniote the bLiielil i)t tliL inliabilant% 1>1. Ilie
area. Moniloring the implementalion c)f financiiil poliLie% thal rcflLLI ihc%e agrLed prii)i-ilic.% rL'inaiii
with the board sitting 48 a Tnanagement committee.
The management cotnmittee holds up to six meeliiig% a ycar rLviewingi {)verall aLtivitie% ag>¢ijiisI
budget. deciding investment policy and perfoTTnJnLe and apprc)ving cKpeiiditure. M(Inihlv I'LP()rt% i)n
rents for rooms (Ind expenditure are re￿ived.
The Tnanagement commiltee promote% the annual budgyet having %LI key iiidiLat()1'S dnd PL'rff)I"IllilllLC
target% for various areas of activitie%. There are (he Inlli)wing¥ %ub ic)nitnitieL'%: buildin¥. I'inanvL. anLI
staffing upon which truslees and other% sit. Re¥ular rL'pori% are Iliade lo ihe full ill:Ill¢igL'niL'III
committee: all recommendati()n4 ￿ Lon%idered by ihe full mJna¥•eiiiLlIt c(?Inii)illeL aiid £ippr(IiiriLIIL
decisions taken there.
Trustee recruitmen( selection and induction
Membership of the managemenl Loinmillee 1.% <1 mi.xlure i)l- n()iiiina(Ld ancl app()inled mciiibL'r%hii).
which 1% set in the Article% ot A%sC)Liatinii. The c()InmilteL Jiiempis l() cii%ure thill Ihc c()mrY)illLL lia%
the appropriate skills and experience to perf(irni it% la%k%. Dui-ing iiieinbLrsliip mLIMbLfs 41re i)i-iii'idLII
with regular updates on besi practiLe and ()pportunilies for l-urthLr tr'iining) Ill<ide availJblL.
Other organisations with which the Company co-OperalL￿ in achievin% its objectives Th¢
Lompany'% activities involve financi(Il transacti()ns ivith several ()IhLI Lliai-i(iL% aiid (l%%()Lidli(Ill% aLlive
in the area. None are fortnally associated witl) the Lharilv.
Decision making and delegation policy
The management committee Lonsiders and approve% stratL"g!' and p()IiLiLS. sel% tlie cinnual budcsLI Jii
deleuates to the finance subcommitlee tnonitoring dnd rep(IrtinLY fL%ponsibililiLS a%%()LialLd with (lie
fin<incial ￿peCtS of dclivities. In a 8iinilÉiT way Ihe i)IhLr %uh LomiiiittLe% lia￿L dLlegyaiLd i)()wLI-.% t(I
over.8ee areas of activity or responsibility dnd repc)rl l() the Full ioiniiiittcc t()r bi)Ili aLLI)uiilabi lil! ciiid
deLi.%ion.s when policy di8cus.sii)n 1% required. The day t() daj iiiandgycnieiil aT)d iiiiplL"InL'iilali()n ()I'
agreed %trategie.s and poliLie4 i.s undenaken by %eiiic)r siatf.

CORNERSTONE com￿[uNITy CENTRE (HOVE)
C'()MPANY LIMITED BY GUARANTEE
TRUSTEE&i' ANNUAL REPORT (KNCORPORATING THE DIRECTOR'S REPORT)
YEAR ENDED 30 SEPTEMBER 2024
inancial Risk dssessment
Tlie di rLLtI)l-% 'LfL" re%pon%ible for ￿Int￿lInIng d %ound system c)f inlern(Il fJnancia] control to safeguiird
IhL' L()Inpaiiy's &i%%Ll%. Durinby l{)21. Ihe financial L()ntrol% Teviewed ihe previou.% yedr were applied
i(IL'ntilyingY Inaj()r risk% l() whiih the Lumpany 1% expu%ed. Jnd gy%tems continue to be developed and
PI'()LLdure% Lsiabli.%hecl [() IT)iligT(Il¢ tho%L ri%ks. A formiil financial risk a.ssessment process has been
'IdL)PILd dnd will LC)nlinue to be developed. The trustees expect lo review the risk report annually.
Objectives and attivilies
The Lc)mpany'% principal aLtivity 1% to promote. a8%i%l sU)d advimce the benefit of the inhabirants of the
ThL Iiiain ()bjLLtivLs ()I' thL" Lhariiy JrL':
Ti) pri)vidL' ICIL il itieb t()r gJr(iup%, ()rgJni%dlion% dnd a%%oLidtion.% io use.
To pr()mi)le the e%tabli%hment c)t" group.% Jnd a%%(￿]atIOns to benefit identifjed sectors of the local
E)upulJli()n.
T() engiabye with ihe community to Lnhdnce it% Tnetnbers, capacity to develop appropriate responses to
icleiititicd nLLd,%.
A% parl ()I' thL tir%t c)bjLLtiVL l)f the Lharity. financial infortnation and projected income and
LXPLnditurL, dnd u%a¥ic ()l- tliL Cenire LC)ntinued iu be provided to the management committee on <1
()nihly bd%is. In addilion, regTul<ir in.4peclion of the building is undertaken and the COTnmittee
rcLeivL.% rLgular report.% identifying prog)res% dnd any is.sues arising.
In re%pon%e to the %LLond objective. help to gr()ups with fundraising and wider publicity to sustain
thein is ongoing.
C()rIiL"rstcinL Cenlre remain% the locali()n f()r a growing number of local organizations to meet and
h'ire their Lxpei-ienLL%, %kill.% and knc)wledoe. The Miinager 18 al%0 active in the network of
L()miiiLllllty CLiiires within Brighi()n 'ind H()ve. Thi% JLtivity helps to ensure Ihat the Centre remains
iIW¢ifL ()I' dit"l Lrenl W¢ly4 ()t rLsp()iidingT i() idLniified n¢ed% locally.

CORNERSTONE COMMUNITY CENTRE IHOVF.)
COMPANY LIMITED BY GUARANTEE
TRUSTEES, ANNUAL REPORT (INCORPORATINC. THE DIRf.CT()R'% RF.PI)RT)
(coiitinued)
YEAR ENDED 30 SEIryEMBER 2024
Achievements and performance
The financial year ending in Semember 2024 wa% ()nL Df %labiSily f(Ir the L()mmunil!' Lentl-L.. TIILI'L
was a remarkable uniformiiy of g?roup bookingv% ihr()ugh the year. ￿.]lh verN' l¢N¥ c()iiiiiigi% and o()in4Y¥.
In total, Corner8tone wa% bo()ked for 6.920 hour%. a small inirea* ()n the h.7.35 h()iir% (?{" the prLV)I)U
ycar.
As the yeaT pro￿eSSed. the challenge% of the oiigoinbl CC)%t i)t- living iri.%j% dppcared tl) L'dNe. althi?Liiili
classes relying on external funding found ihai fundingy wa% mi)rL' ditfiLuli tn ()biain.
One unfortunate occurrence wa% the ending of d nine-vear bn()king t'r()m ihe Alexandl'r "l LihiiiqLIL'
College, which had mei for four tnornings nf ihe weLk.
1% Ihci. fiiund it inLrea%ingli' di ff iculi i() 4illraLI
new students.
On the plus slde, clas,ses specifically dimed at the over-sixties re￿illed LXtremLly p()pulai-, wiLh lii)Ili
the chair pilates and Sthnding Tall groups exlending Ihcir bu(?kinb,. t() a %LL()nd cla%%. t<) Ineei deiiiand.
With the Affligos preschool. whiLh had endure(l a diffiLuJI pei-ic)d in ihe previ()us IWLIVL In()Iiih%.
much progress was made iii slrengtliening thL ddFninistrali()n pri)LL%.%e%. t(1 IhL Lxlciil iliat a l {)11{)￿ iii)
Ofsted report atlained a rating of 'Good.'
During the sutnmer of 2024. two el¢clion% We￿ ho%led at the LenlrL". tlie P(IliLL Jiid ("i-iiiiL I
Commissioner election in Mdy and the General cleciion in Jul). (lemiin.4lrJlingi Ci)riiLr%tone'% LLntrJl
Tole in the life of the local COTnmunity.
Regarding the mainteniince of the building. Ihe prinLipal cc)mpleted prL)je(i wa% the in%tJllali()n i)f'
four new pine velux windows in the St JnhJJ's n)om, whiLh JrL LILLtriLally ()pLrdied :Ind tliLrL'lcirL
considerably ea%ier to open and Llose.
The board's C￿fuL and prudent garnering of invesimenls plu% re%ern'e% hd% prcivL'd In￿aluable clurinb
the year and will be 50 fi)r the future. The invc%tments and re%eriiL% are Iliei-e priiiiaiilN' t() Lc)i'Lr bi)Ili
any unforeseen maintenance cosls so e&sily encountered when re%pon%ible for a cc)Iiiplex GrdLIL I I
listed Victorian building. and io sirive to Lovcr the ab%ence ()l- birant %uppc)rt (roiii IhL. I(>Lal Juihorily.

LORNERS'foNI E COIllMUNITY CENTRE (HOVE)
C()MPANY I.IMITF.D BY GUARANTEE
TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)
Yr4 AR ENDED 30 SEpfEfvIBER 2024
inanLial rLhview
l<'in'inLial overviL'W
ThL" aLL()unt% %h()w J dLfiLil c)n ol￿rat11)n.4 lif appr()xi￿teIY £1.823 for the year 202312024. Income
Ir()Iii I'ents rD.4L %li¥htly thi.% year bul was %till lower ihan is needed to achieve a balanced budget.
RLntS ciiid ()tlier illLome inLre&sed io £c)3.981 {2U2212021: £87.060).
Lc)()king t"orward. the Tru%lee% conti nue lo Jiin for a balanLrd budget where income Toughly equates
to LQSt%. To this end, a rei'iew of roc)m rental PriLe% ha% been conducted and increases implemented.
RL'%L'fvL'S policy
ThL' m'inag¥einent'% poliLy remain% that the unrestricted general fund cash ￿serVe %hould be set at a
Iiiiiiiiiiiim ILVLI ()t" l? Ini)nth's Lxpcndilure ()n a typlcdl year'% expenditure. All investments
i)rL)vide inL()Ine Lind rL&L%C)llLiblL' lund% tc) be available to Lover work orn the fabric.
Investments
The L()iiipaii)' inve.%ts throubFh Lommon inve.%lment funds and does not invest directly in the stock
li1￿k-CI. It take% Logni.%ance of the funds. ethical policies. During 2023124 the unrealised gain in
i nve%lment4 Was £13.674' total inve%linents %iand at £177.869.
I'lans for future periods
an ()n¥Y()ingi 4lrJ(Lgy WL will Lunlinue t() identify potential new trustees and tnembers of the
InaiiaL%emenl Lominittee, foLu%ing c)n the experience and talenLs they mighi bring to the Board while
heingy aW￿e thdt tlie Board It￿]r i)ught to be repre%entative of the Lommunity we serve,
T() thi% end. a L()ntinuJlion of the food-bank initialive look pldce again for another year run by the
Iireviou% Lhair and wa% supported by irugtees dnd %laff. and ihe project was extended to becoTne a
.j()ini venture with the Lhurch.
.MLtIti()ii Iniist be ni¢ide c)r the poienii411 impact on Cornerstone of the Lx)Iitinuing co%t-of-living crisis.
I'IIL CLnire will havL li) be &lWiire ()I' any re%ulting change% in the pattern of ubage or the need8 of the
i>iiiinuniiy. Thi% la%k will ni(i%l likLly tall ()n ihe ahle %houldern of the Manager, A88islant Manager
lid V()lunieLf4 Vi41 int(irnial Loni'er%alions Wlth the Centre'% u.ser% and vi.sitOTS, Wlth feedbrick to and
upp()rl tr()iii tlie Bi)ard. A% ever. Lhe quiet imp(irtanLe uf the voluntee￿ to the qmooth running of the
Centre 1% a L()InpotlLni ihai we .%itnply could not do wiihout.
Duriiig the ycar the TeLommendiltion% of the li< le.%t quinquennial in%peLtion were implemented. The
repi)rt will giuide u% fc)r ycar% Io L()me with the ongoing maiy]lenanLe of the building to ensure that it
I'()nLinues ti) IK" the ivelL(Iming aiid ￿fe 4pa¢e fc)r all those using the facilities.
.ii ihe %'iinL tiine. il iil%i) an appropriate mc)ment lo produce updated strategic and busine8%
IniplL111eniali()n plan.
cYiVL'n ihL' rLlatlVL timL sinLe the previou4 one. Thi% will give a chance to revi,sit
'he 4ue%tion cil. the tUllLlainental purp()%e and direction of the Cornerstone Centre lind provide both a
,IracliLiil aiid a%piratic)nal I'OLidmap of what need% lo be done to make it h¢ippen.
I'he tru4tee% onLe again ackn()wledge ihe debi owed to all those who have been involved with the
entre ()ver the yedr. %lriving to keep an all importani resource at the heart of the conimunity.

CORNERSTONE COMMUNJTY CEwfRE (HOVE)
COMPANY LIMITED BY GUARANfEE
TRUSTEES, ANNUAL REPORT (INCORPORATING THF DIRECTOR'S RF.PORT)
(continued)
YEAR ENDED 30 SEPTEMBER 2024
Small company provision5
This report has been prepared in aLcordance with thL pr()ITj.%icin4 appliLJblL I() LIIIIIIIIL lliLS eiilitlL (I I(}
Ihe sfflall companies exersiptioii.
The trustees, annual Teporl wa% appr(Ived on 20 May 2025 and %ignLII i)n hchalf ()f thc bLlJI"d ()f'
trubtees by:
Miss L Godfrey
Tru.8lee

COIINERSTONE COMMUNITY CENTRE (HOVE)
C:{ )MPANY I.IMITED BY GUARANTEE
INDFPF,NDENT EXAMINER'S REPORT TO THE TRUSTEES OF CORNERSTONE
COfvIMUNITY CENTRE (HOVEI
YEAR FNI)14 D 30 SEvfEMBER 2024
I'L'P()rt l() IhL' tru.%lLe% on my examinatic)n ()f the financial .%tatement% of corner.stone Community
C LiilrL I H()VL) I'tlie Lh¢irity'l t(Ir ihL yL'ar endLd .l() September 2024.
RLI.4pon,sibAlities basis uf report
A% tlie iru%tLL4 of the Lompiiny (and al%0 it% direLtorb for the purposes of company law) you are
re%pi)ii%ible fc)r the preparation ot- Ihe financial %tatement8 in (Iccord￿Ce with the requirements of the
C()mp<inies ALt 2006 I'the 21XKJ ALI,).
HJvingY %ati4fied my4elf thclt thL &lLLount% of the Lompany are not required to be audited under Part 16
()[' IhL. ?IXI6 Act and ¢ire elibTible for independent LXiimin<ltion. I retK)n in respect of my examination of
IhL' Lliarity .% aLL()unt5 a% L*irried ()ul under %e¢ti()n 145 ()f the Charitie% Act 2011 {'the 201 l Act,). In
LdlTyI Ilgj ()ul my exciininiilion I have tc)11()wed the Directions given by the Charity CoTnmi%sion under
.%L'Lli()n 145{_5)(b I i)t' the ?() I I ALI.
Independent examiner's statement
I have L()mpleted tny examination. I confirm thal no matter% have come to my attention in connection
with thL Lx:Imin'ilion gy jk'ing me L<iu%e lo believe-
L'L(iunlinby reL()rd% WLfL niil kL'Pt in re%peLt of the Lharity required by section 386 of the
?(X16 ALI. (Ir
thL tinanLial %talL'mLnl% d() nol aLL()rd with tho.se reLord%' or
the financial %lLlternenls do not ccimply with the dLcounting requirements of section 396 of
the ?()116 Act other than any Tequiremeni that the accounls give a 'true and fair, view whilh
1.% not a matter Lon%idei"ed part of ￿ Inde￿ndent examination. or
the finanLial %latement% have not been prepared in accordance ivith the methods and
prinLiple% ()f thL' Sialeinenl ()f Recommended Pr<LCtice for <iccounting and reporting by
LhciritiL% appliLdblL II) LhilTities prcparingy their accounts in accordance wilh the Findncial
RLP()rting) ,Stiindard appliLable in the UK and RepubliL of Ireland (FRS 102).

CORNERSTONE COMMUNTITY CENTRE (HOVE)
COMPANY LIMrrED BY CUARANTEF.
INDEPENDENT EXAMINER'S REPORT TO THE TRITSTF.ES OF CORNERST()NF.
COMMUNITY CENTRE IHOVEII
YEAR ENDED 30 SEIryEMBER 2024
I have no concern8 and have Lnme acn)ss no other matlcTS in LC)nneLtii)n iviih IhL' e.xaiiiiiiali()n l(}
wliich dttention should be drawn in ihi% reporl in i)rdL'r ti) enable LL PI-OPLI- uiidLr%landiiigi ()I' Ilie
accounls lo be re&lLhed.
Chri,$ Kyffin-wdlion
Independent ExamineT
168 Church Road
Hove
East Su.%sex
BN3 2DL
10-

CORfiFR4iTONE COMMUNITY CENTRE (HOVE)
L'()NII):INY LIMITED BY GUARANTEE
,STATEMENT OF FINANCIAL .4cf1vITIES
IINCLUDING INCOME AND EXPENDITLRE AccouNr)
YEAR ENDED 30 SEFfEMBER 2024
2024
Re%lricted
fund5 Total fullds Total fundg
2023
Unre%triLied
Note
InLome and endowments
D()nali()Ii% diid legaLie
ChJril:Ible 'iLlivitie
Iiive%tTllLnl inLC)Ine
90
93.981
7,337
20,908
20,998
93,981
7.337
29,515
87,060
6,733
123,308
Total income
I()1.408
122.316
:xpendAture
F.ixpenditure c)n LhLiritable iiLlivitiL'
()IliLf LXPLnditLifL'
'rotal expenditure
IIK).404
279
31.131
137,535
279
123,660
l(K>.683
31.131
137,814
123,660
Nel giains un inveslment
11
13,675
4,343
Net (L'xpenditurellincome and net
Inoveml￿nt in funds
{10.2231
(1.823)
3,991
Recunciliation of funds
T()l¢il f-und% br()u&)hi forward
'rotal funds carried forward
219.31)4
12.004
231.308
227,318
?27.704
1,781
229,485
231.308
The %tatemenl of finiinLial aciiviiie% includes Jll gains and108se.s recognised in the year.
All inL()me ¢ind expenditure derive from continuingi activilies.
The notes on 14 to 24 forni part of those fAnancial statements.
11

CORNERSTONE COMMUNITY CENTRE (HOVEI
COIWANY LIMITED IIY CUARANTEE
STATEMENT OF FINANCIAL POSITION
30 SEvfEMBER 2024
?024
Nute
Fixed assets
Tangible fixed asseis
Investmenls
l7
177.86L)
l(TrJ. IC)£
178.X(16
Current assets
Debtors
Cash at bank and in hand
i¥
Creditors: amounts falIing due within une Trear
Net current a&sets
19
.S11.fi l L)
(i_f .868
Total asseLs less current liabilities
)fj().48.5
171 .311()
Net assets
?ry().455
Funds of the Charity
Restricted funds
Unrestrictcd funds
1.7¥1
??7.7(}4
1 ?.11114
?14.31}4
'rotal charity funds
21
For the year ending 30 September ?{)24 the chiniv Wd.K Lntitled i() L"XLI)IPtic)ii I r()iii 'iiidit uiidLI- %LLti()n
477 of the Companies Act 2(XKI relating to %mall Lompanic%.
Directvrs, responsibilities:
The member% have not required Ihe L()InpJiiy li) ()btJili illl dudil (Il. its li naiiLiLiI sl<lli'inL'nis l i)I' IhL
year in queqtion in accord4ince wilh .%CLtic)n 47fi:
Tbe direLtors acknowledge their regpon.%ibililiLS for ii)Iiiplyin¥7 IVitlI IhL rLquirciiieiil% (Il. Ilii. ALI
witli Tespecl to iiccountino reL()rd% anLI ilie PfLparal ii)n i)f finanLidl sl&ilLIiiL'nl%.
The%e fiTrdncial stdtement% have beL'n prepcired in -ILciirdanLC IVitI) IliL priii'i%iuiis appliL¢ihle li
companies subject to the small Lompanies, IEgllllC.
The siJleincnt ()1" fiii4in¢i'il p()%itic)n
Lollti nue% nn the fl)11()￿,1 niT P:IglC.
The notes pages 14 to 24 forni parl (bf these linancial siatcbrncnt%.
12

C()RNERSTONE COMMUNITY CENTRE (HOVE)
C'()MPANY LIMITED BY GUARANTFE
,4)TATEMENT OF FINANCIAL POSITIONI
contin4edJ
30 SEPTEMBER 2024
The%e I Inancial %taicments wcre apprc)ved hy the board of trustee% and authori.sed for issue on 20 May
1111.5. and 41rL %ig?ned c)n behalf- (if the bc)drd by:
Mi%% L Gi)dfrLy
Tru4tee
The notLkS on pago$ 14 to 24 forn) part of these financial statements.
13-

CORNERSTONE COMIWIUNITY CF.NTRE (HOVE>
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATFMENTS
YEAR F.NDED 30 SEIryEMBER 2024
General inforniation
The charity is a public benet-it cnlity and a privJtL L(Impan! liiDilLd bv LTuJfiirilLV'. fL&(rj %lL'I-L'd iii
England and Wales aiid a regyislered Lhdrily in F.nolaiid and Nl-alL's. TIIL 'idilrc.55 1)f thL I'¢,Lsj%lL'ie(I
office is Comerstone Cc)mmunity Ccnlre. Cliiirlh Rcmd. Hove. BN 4 IF'L.
Statement of compliance
These fin<incial %latemeiil% have bccn prepared iii Li)nipliaiiLL' iiiiih FRS 1111 'TIIL' F"illalllliil
Reporting Standard applicable in the IFK dnd the RLpubliL L)I' IrLlrtittd'. Ihc. ,%ialLII)Liil 411.
Recc)mmended Praclice appliLable Iu LlTraritie% prLparing IIILif dLi ounts iii aLLord&ini o. willi Ilit.
Financial Reporting S(￿dard dpplicable in the LIK and RepuhliL l)f IrL.I'inLI I FRS I I)) i (L'liai-iliL'
SORP (FRS 102)) and the Cotnpanie% ALI ?IK)6.
Accounting policies
Basis of preparatiun
The flnaiicial .stateTt)ent.% have been prep￿d on the hi%l()rii¢il L()%1 l)a4js. J% in()diliLd bl, IhL
rev&lii(Ilion of certain tinancial Ls.%els and liabilitlL'% and invLStIllLiiI Pl'()pcrtiL¥ niL"dNui-ecl (tt I dir
value through income or expeiidilure.
The financial stalemenL% are prepared in %lLrliiig. whiLh 1% the lunitii)nal LurriiiLy i)t ilii Liililv.
Going concer
At the time of approving the findnLial %tateinLiiI. IhL ifLl%teL% hai'L a rea%(In¢ible LxpeLI:Ilii)Tri tIILIt
the charity has adequale re%ources 1(> Lotjtinue in i)perallC)iial L.Ki%ILncL li)r tlii. l (IrL%L'LdblL.. l uiui-e.
Thus the trustees contlnue to adopt the L()llLLrn basi% ()f aLL(iuntingT in pi-L'iiariiiy% Ilie
financial statemenls.
JudgemenLs and key sources of ostim8tion uncertaint),
The preparation ot the fin<inLial stalcmenls rcquire% n)JllJLIL'inenl lo IndkL judLFLIIIL'lll%. Lsli11)jil('
and assumptions that affeLI the Jiii()unts retx)riLd. ThL%L L's1iJnJle% and .judclLmLiII% 'ii-I
continually reviewed aJ)d basLd on expcriLiiie aiiij ()Ihcr tdLI()r.%, inLliidiii¥ i xpeLldlii)11s 111
future event.s thaL are believed to be rea8c)nable uiiclLr IIiL' L irL uni.il<lT)Le%.
No significant judgemenis have htid io be inadL b), IIIL dirL'LI()r% in iirL'pai-i[iu IhL%L I-I1l'IIIL'idl
stdtements.
14-

CORNERSTONE COMMUNITY CENTRE (HOVE)
('()N[I)ANY I.IMITED BY (:UARANTFF
YOTES TI) TFIF: FINANCIAL STATEMENTS (eoniinNed)
YEAR ENDED 30 SEYfEMBER 2024
ALLiiunting policies Icoiitiiiiied)
lind iiLcounting
UnrL'%triLted fund% arL avJilciblL. for use at the disc￿tIOn of the trustees to further any of the
Lliiirily % puiyo.%e%.
Designated fuiids unre%triLted fund% t￿M￿ked by the trustees for particular future project or
L()mmitment.
Re%triLled l-und% arc .%uhjeLted tv re.striLlion% on Iheir expenditure declared by the donor or
thr()uyh the tLrm% L)l- an dPPLal. and fall inlo i)ne of two %ub-cla.4.%e.%: restricted income fund8 or
L'iicII)WlT]eni l unds.
liicoming resources
All illL()ming resourLLS are inLluded in thL Staiemenl of financial aLtivitie% when entitlement has
pas.%ed tc) Ihe Lharity; it is prob&ible thai the economic benefits associated with the transaction
wi I I llow tc) the Lharity Jnd the aTnounl Lan relidbly measured. The following specific policies
are applied to particul￿ Lategories of incoJne:
inL()me tr()m donation% c)r &yrant% 1% reLogni%ed when there is evidence of entitlement to the
7itl, reLeipt is probable ai)d it% aJn()unt can be mea%ured reliably.
IL¥F&lLy illLL)mL' 1.% fLL()gilli%Ld when reLLiPI is pn)bable and entitlement 1% established.
inLomL trom donaied gi)()d.¥ 1% tnea%ured at ihe fair value of the goods unle88 thi8 IS
inipraLtiLal ic) Ineasure reliably. in which case the value is derived from the cost to the
dc)nor or tlie L%iimated re%ale value. l)onated f￿llitieS and services are recognised in the
LLounls wheii reLeived il. the value Lan be reliably measured. No ￿OUnts are included for
ilie Lc)nlribuli()ii i)t gycncral volunteeri.
inLoinL fr(Im LontraLt.% l()i- the %upply of %erviLes i.s reco8ni%ed with the delivery of the
L(InlrdLtLd %LrviLe. Thi% ]% Ll&lS%ltied 'i% unrestricted fund% unle%% there is a contractual
rLquifLmLnt t()r il to hL %PL'nl on a partiLular purpose and relurned if unspeni. in whiLh case
il inay be regFarJed restriLted.
15-

CORNERSTONE COMMUNITY CENTRE (HOVE)
COMPANY LIMITED BY GUARANfFF.
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEFfEMBER 2024
Accounting policies (continued)
Resources expended
Expenditure is r¢cogniNed On an acciual,% bi14]% licibiljli. is inLurted. F.xpenditure inc ILicIL
any V AT which cannut be fully recovercd. &ind i% i las4iticd uiidLI- l)eddiiiiTS ()I' thL' slatL'IIIL'iiI ()1"
financial activities lo whiLh il relaie%:
expenditure on rai.sing funds include.s the Ll)%l.% ot- all fun(IrJi%in(* dLI ji'itiL'%. L'v'enl%. ii(7n-
charitable trading activities. and ihe %ale ot- donaLed gc)()ds.
expenditure on Lhdritable (iclivilic% inLludc% all LOSt% iniurrLd hy a cli(Iril!' iii undLI'l¢ik' i ny
activities that further ils charitahlc iiiJn% l()r the henLfil <)l- its beiiLfJLidrie%. InL Iiidiiiil 15ic)s1
upport cosls and LOSt.s rcldting to the gwi)VLrnJiiLL ()f the Lliarily aPP()rtii)nL'LI I() Lliai-lliililc
activitie.s.
other expenditure includes all expenditure thai 1% neithei. rL.laied ic) rai%ing I'un(1s t()r tlie
charity nor pan of its expenditure on charitable aclivilie%.
All costs are all(￿ated io expenditure ca(egi()rie.% rLtILLling the U%L ()t t]￿ i-L%oufLL. DireLI L()%I.%
attributable to a single activiiy are allcicated direLily t(1 Ihal thctii'ity. .ShLtted L()%15 iiri
apportioned between the actlVLtie% they conlributc to on a reasonable. ju%tiliiiblL Jnd Ll)11si%lenl
b&8is.
Tangible a&sets
Tangible assets ￿1[e inilially reLC)rded at LlX%I. Jnd subsL'qucnil)' %talLd al L()%l IL¥%% illl),
acLumulated depreciation and IMp￿r￿ent 10%se%. Any tangible i&irricd ai rLI'¢LluL'd
a￿Ount￿ are recorded dt the fair value at the datc nf revaluati()n le44 ai?y %ub%equenl aLLuiiiiil¢iled
deprecidtion and Subsequcnl ¥l¢Lumulaled impairmeni 10%4e.%.
An increase in the carrying amounl of as%el a% J re%ult i)f a rL'vdlu4iiion. is rLLogini4LcI i li iiiliLI"
recognised gains and los.se%, unless it reversL% J ch￿gu Ic)i iinpiiirmenl IhJl hci% previ()u%ly l)L'¢'ll
recognised as expenditure wiihin the .staieJnent of finanLial aLti vilie%. A decrL¢i4e in tlie L4irr)rlll
amount of an ag£ei d result of revalualion, is reL()grni%ed in i)Ilier rLLC)g)nisLd g7ain% aiid l1I5SL'%.
exLept to which it off.%et% any previou% rcN'aluJliiin ULiin. in which ca4c ihe ]()%% ]% %hi)iiiii li jilijii
other recognised gains and 10s%e.% ()n Ihe %l<ltemenl ()t" financial aLtikitiL'%.
Depreciation
Depreciation is LalLulaled %0 to writc ()fl- Ihc L()%1 (Ir valuJlii)n i?t dii J%sLI. les5 its I't%idu'il
value. over the useful eL()nomic life ()f ihat a%%ei a% follc)w%=
Short leasehold property
Fixtures and fitting
?5 Yea￿ Irc)iii l
?()* reduLing bdlqillLL
16-

C'()RINF'RSTONE COTII)ILNITY CENTRE (HOVE)
C'()MPANY I.IMITED BY GLARANTEE
NOTFS TO THF FINANCIAL STATEMENTS (¢wttrnuedJ
YEAR ENDED 30 Sb:Wl'b.MBER 2024
ALLipunting policios Icolllijiiird)
Investmints
UnlislLd equity illVL'N(Iiienl% JrL' initially recorded at Lost, and .%ub%equently measured at f.dir
ViiluL. It" t-dir V&iluL Lannui bL" reliiibly Me￿SUred. i1%setS mea%ured at cost less lmp￿nnent.
Li%ted iiive%tment% are med%ured at fair value wilh changes in fair value being recognised in
income c)r expendilure.
Impairment of fixed ￿ets
A review for in(IiLat()r% i)I' inipairment 1% Larricd out al each reporting date. with the recoverable
'Iini)unl beingy L'.%liin¢ltLd whL"fL %uLh indiLai()rs exi.%t. Where the carrying value exceeds the
rL'LI)VLrable amL)uni. the a%%ei ]% impaired aLLordingly. Prior impairments are al80 reviewed for
p(>%.%iblL rL'VLf%¢il al e￿h i'epcirtinsi date.
For the purpci4e% c)t" impairn]ent ie.%ling. when it is not possible to estimate the recoverable
amount of ali individual a%%et. an eqtimdte is made of the recoverable amount of the cash-
generilting unit lo ivliich the belong%. The cash-generating unit i.s the smallesl identifiable
r()up ()f J%.set.% that inLludL.% the a4set and ¥veneTJl&% cLsh inflows ihat largely independent of the
LJ.%h inll()w% Iri)m other a%%Ll% i)r g?roup% of a%%et%.
17-

CORNERSTONE COMMUNITY CF.NTRE (HOVE)
COMPANY LIMITED BY GUARANTF,F.
NOTES TO THE FINANCIAL STATFMENfs (
YEAR ENDED 30 SEwfEMBER 2024
Accounting policies {coniiry4ed)
Financial instruments
A financial assct or a financi&il liability is rcL()LTnisL.d (Inly wliL'n tl)L' Lntity tK'LI)IfiLS a PLirLy Iii IIIL
coniraLtual piovi%ion8 of the instruineiit.
Basic financial instruTnent% re inilially recogni4ed al the 'iinc)unl i-LLeivable ()r P¢iablL inc'ludini
any related transaction LOSt.s. unles.% the ￿angTeML11I i()n.%litulLS a I'iiianLiniT Ifaii%JLlii)11. I4'hLI-e il
is reLogni%ed at the present value ot the future pa)'IllL'nt% (l j.KL()uniLd JI d iiiJrkLI i-ali ()l- i iitci-L'%l
for a sin]ilar debt in¥tnJment.
Currenl as.sels lind current liabililie% Jre Nubsequeiillj: niL'a4urcd al tIiL La4h i)i' ()IhLT
consideration expecied 10 be paid ()r received and not disicJunlLd.
Debt instru]nent8 are .%ubsequently mca%ured at anM)rfi%ed Lc)s1.
Where investments in shares or prelerLnce share% arL publiLls iraded ()[ tlieir laii. valuc Lill)
othenvise be measured reliabl),. the inve%tment i% suh%e(iuLnilN IllLdsufLd ¢11 lair ViiluL WIIII
changes in fair value recognised in inc()me and expenditurL. All ()tIIL'r %uLh invc%tiiiL'ni% :IrL
subsequently tneasuied at cost le%5 impairnieiil.
Financial &58ets thal are Tllc¢i%ured at Ll)%1 c)r Jm()rtl.%Ld i051 are rLviewLd l(IT iibjL'C-IivL LVILILIILL.
o( inipairment ai the end ()f each rep()rtin¥ d¢ttL". If tIILfL IS ()bILXtI￿l. LvideiiLL lit- iinpairiiieni. Jii
impaiiment 1055 is reLognised under ilie Jppri)pridie IieddiniF Tll IIIL %tatLiiienl ()f linLIIILicil
activities in which the inilial gain was recognised.
For all equity in%trument% regardl&N.s ()f %igniliiaiiLL'. and ()tIILI' linJnLial JSSL'IN ihal Kll'L'
individually significanL the%e dre asse%%ed individually l(Ir iiilpiiirmL'nl. ()ther l inJnLial as%ei
are either asses%ed individually or groupLd on the ba%i% ()l- %imi Idf LfLdit risk charilLteri%liLS.
Defined contribution plans
Contribution% to defined coniributii)n plans are reLC)gnised £in vApeii.%L' in thL' PLI'lI)d iii wliiL li
the related Service is pruvided. Prepdid Loniribuli()n.4 Jr¢ rLLC)gini %ed as :iii d%%LI lo tlie exLLiiI th411
the prepayment will lead to d reduLti()n in future PilylllLDl% i)r a La%h rLt'uii(l.
When coniribuiions arc nut exFeC(ed t() be %cCtled w'h()Ilw w'iiliiii I: iii()nili% ()f Ihc Liid (Il. Ilii.
repc)rting d<ite in which tlie employee% rendLr the rLlatLfJ %L'fTr'iL¢. IhL li¢ibililJ' 1% IIILLISUI-L.d i)11
dtSLounted present Vcilue basis. The unwinding) i)l- thL di.%i ()uni 1% rL'LC)%illisL.d J% dll LXPL'ii%e iii tliL'
period in which it ￿1￿¢%.
Limited by guarantee
In the event of the Lompany being wound up. eiilli mL'mbLr. ￿,]]0 is li iiiLiiiber al thal (inie. lia
undertaken to contribute £ l.

CORNERSTONE COMMUNITY CENTRE (HOVE)
C".()MPANY I.IMITED BY GUARANTEE
NOTF.S TO THE FINANCIAL STATEMENTS l¢oulinuedJ
YEAR ENDED 30 SEvfEfvIBER 2024
1)4)iidtiiin% and legacies
Unre4triCied
Funds
Restricted Total Funds
2024
Donations
Donation.% gFenerdl
Dciiiation% - food bank
90
90
7.898
7,898
Grants
Lints reLL"ivable - tciod bank
13,010
13.010
90
20,908
20,998
Unre.%tricted
Restricted Total Funds
Funds
2023
D(pnatioll
Donationb - geflerLII
Dondti(In.% - fi)c)d bank
5(X)
500
9,904
CTranLs
CJr:Liil.% rLLLivahlL - tcJ()d bank
19,111
29.015
19.111
500
29,515
Charitable activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
InL(>me I rc)m letlingi%
93.981
87.060
87,060
Investment income
UnrestriLied Total Funds Unrestricted Total Funds
21124
Funds
2023
Bank intere%t reLei vable
C)Iher iiiteresl FL'ccivable
6,695
38
6,695
38
7,-3_37
6.733
6.733
19-

CORNERSTONE COMMUNITY CENTRE (HOVE)
COMPANY LIMITED BY GUARANfTr.E
NOTES TO THE FINANCIAL STATFMENTSI
YEAR ENDED 30 SEVTEMBER 2024
Expenditure on charitable activities b), fund Ivpe
L InrL%triLILd
riind
RL4li'iite(l TiTrldl Tr'uiid%
Fuiid
211?4
General
1114,?44
Food bank
Support costs
-31.1_3(1
1116.4(14
l 17 S.3.f
I'nrLslriilLd
Fun(1
RL'slriilL'd I'i)ILII I'iiiiil%
General
Yoga
Food bank
Supp()rt cosLs
l {17 ?4lJ
C)1).5
i)11.$
I ￿.￿_s4
53
I IH.S(1:
l (). l.jL)
Expenditure on charitable aclivities by activitv tvpe
ALlii'ilie
IindLriJkL TI
dirL'Ltlv .Suppc)rl Lo%1
l i)lal I'unds
20?4
General
Yuga
Food bdiik
Governance co%1%
l{H.?44
l {)? 149
1.3_5.174
1 ?.3.hhll
10. Other expenditure
Ilnre%lriLted 'f(ItAI 14'und4 UiiieNlriiied Ti)lJl FLiiid
Fun(1
211?4
Entertainin
?7ll
2Q-

CORNERSTONE COMMUNITY CENTRE (HOVE)
L'()MPANY LIMITF.D BY GUARANTF
NI)TFS TO THE FINANCIAI. STATEMENTS (conli
n4edJ
YEAR ENDED .11) SEpfEMBER 2024
I l. Net gains on investmenL
Unre%lriLled Total Funds Unrestricted Total Funds
20?4
2023
iii1is111()%%e.% l on (xher inve%lInen(
13.675
13,675
4.343
4,343
12. Net (expenditure)lincome
NLt (expenditurellincome 1% .%tated after chl￿gIng/(CredI1lng).
20
2023
DLpfLLi6lti(In c)f tan¥iiblL' fixed a%.%ei
249
312
13. Independent examination fees
2024
2023
FLL'N payable to the indcpLndent examiner fc)r:
ndLPLnclcnl ex:IminJli()n ()f the lin<iniial %kntement
1,200
1,2(X)
14. Staff co.sLs
Tlie l()tal %taff L()%t% ¢ind employee ￿￿et]IS for ihe reporting period are analysed as follows:
2024
2023
WagTe.% and 8alarie.
Soci'il security
Finpl()yer Lc)nlributi()n% to pension pldn
63,061
690
2.347
65.287
751
3,096
66,098
ThL' aVL'r'igiL' hL'¢id Li)unl cit" emplc)yLL% duringy the year 2 {2023: 3). The aveTage number of
tull-liinL Lquivalcnt einpl()yeL% durinu thL' ye41[ 1% Jnaly%ed follow%=
2024
No.
2023
NumbLr ol- 4iafl-_ adinini%lralivc
N() Lmpl<)yee reLeived LmplciyLL benefit.s of ￿re Ihan £60.000 during the year (2023= Nil).
15. '1"ru8tee remunL'ration and expenses
Niin¢ i)r the Iru%(L'LS lor any peThon% LC)nneLied wi(h them) received any remuneration during the
yLar nor Llaimed any expense%.
21

CORNERSTONE COMMUNITY CENTRE (HOVE)
COMPANY LIMITED BY GUARAN'TEF.
NOTES TO THF FINANCJAL sTATE￿IENTs I
e¢inliKNcd
YEAR ENDED 30 SEpfF.MBER 2024
16. Tangible fixed assets
Slii)rt
PFI)IIL'I11
'I'(ptal
Cost
At l Oct 2023 alld 3V Sep 2V24
Depreciatlon
At l Oct 20L3
Charge fur the year
At 30 Sep 2024
Carrying amount
At 30 Sep 2024
At 10 Sep 2023
414 %9()
Ali.-57C)
41U.59(1
4ih.VlC)
749
419.iL)()
457.1 7X
)()7
l)()7
17. InvestmenLs
()IhL'I'
iiivc%linLDIs
"1'4)Lcil
Cost or valuation
Ai l Oct 20?3
Additions
Fair value inovements
17
11.674
1 .3.(174
At 30 Sep 2024
Impairnient
At l Oct 2023 and 311 Sep 21)24
Carrying amount
At 30 Sep 2024
Ai 30 Sep 2023
Y17
17().L)_S?
177.14()()
C)17
17f).L).S?
177.I()l)
U17
l()3 ?7X
1(14.11)5
All inv¢stment% shown abovc are hcld Jl i'aluJlii)n.
Financial assets held at fair value
Inve%tments have becn value(1118ing ihe bid lll<irk'ct VciluL iii ihL' ¥'eJr L'nd.
??.

CORNERSTONE COMMUNITY CENTRE (HOVE)
C()MPANY LIMITED BY GI,;ARANTEE
l%()'1'1I.4i TO THE FINANCIAL STATEMEiYfsi
YEAR ENDED 30 SEVfEMBER 2024
18. Debtors
2024
2023
()thL'f dLbt()r4
208
19. C'reditors: amounts falling due Ivithin one year
2024
2023
ALLrual.% and deterrL"d inLOtne
S()Lial %LLuriiy and lither iJxL
l)IliL'r LrLditi)r.%
1,200
1.2
48
1,244
313
,513
2,492
?(}. Pensions and other post retirement benefits
Defined contribution plans
The iimc)unt reLObTlll%L.d in inL()mL or expenditure &s an expen￿ in relation to defined
L()nirAbuti()n plan.s £9.347 1 ?1)?_3= £1.1)96).
21. Analysis ol. charitable f unds
Unrestricted funds
Gains and
At
losses 30 Sep 2024
AI I OLI ?02_3
Income Expenditure
CJeneral fund
101.4118
(106.683)
227,704
Gains and
At
10.55e8 30 Sep 2023
At l ()Lt ?{)?•
InLome Expenditure
Geiiei'al fund
??5,17{)
Y4.293
{1 (14.502)
4.343
219.304

CORNERSTONE commu￿,[Ty CENTRE (HOVE)
COMPANY LIMITED BY GIJARANTEE
NOTES TO THE FINANCIAL STATEMENTSI
YEAR ENDED 30 SEIYEMBER 2024
21. Analysis of charitable funds rcuntiiiNedl
Restricted funds
Al I tk'i ?073
InLI)mL F.X￿i7dIlUrL
I()%SLb Jll SL'P
RestriLted Funds
?().o{)x
(31.1.311
1.7,¥1
G'lin% aiid
AI l OLI 20?2
Iniiinic F.XPL"iidiiufL
Reslricted Fund.
9.1)15
(11).1SL)I
22. Analysis of net a&sets betiveen fundsi
Lliire%lrictLd
Re%li-ILied I'ntal f4 uiid.8
21124
Tangible fixed a%set
Investtnents
Current knsets
Creditor% le%s than l year
9()7
177.809
(197
177.8(}Ll
1.7x1
11 .51.11
Net assets
?97.7{)4
1.7141
RL'%ITiLtLd Ti)lal Fiiiid.
Tangible fixed assct,
Inve41meiit%
CU￿ent assets
Creditor4 le%8 than l year
Net assets
1 ()4.11).fi
I ?.IIIH
( ?.4CJ?
i i.{)1)4
) 11.-411L)
24-

COIIYERSTONE COMMUNITY CENTRE (HOVE)
C:()MPANY LIMITED BY (:UARANTEE
rvlANAGEMF.NT INFORMATION
YEAR F,NDED 30 SEIryEMBER 2024
The folloiving pages do not form part of the financial statements.

CORNERSTONE COMMUNITY CENTRE IHOVE)
COMPANY LIMrrED BY GUARANfEE
DETAtLED STATEMENT OF FlTr4ANCJAL ACTIN-ITIF&i
YF.AR ENDED 30 SEIryEMBER 2024
2024
Income and endowments.
Donations and legacic
Donations - general
Dondtion% - tood bank
Granl% receivable - food bank
i)i}
7.898
l).9114
11.L)()8
Tr1}.515
C'haritable activitio
Income froin letlingb
()3.gx I
X7.Ilbll
Investment income
B£ink interest receivable
Other interest receivable
h.()lJ.S
7.-1.17
Total income

CORNERSTONE COMfvIUNITY CENTRE (HOVE)
('C)MPANY LIMITFD BY GL'ARANTFF
DrTAILED S'I'ATEMENT OF FINANCIAL ACTIVITIES (cont.
Y[1 AR ENDED 30 SEFfEMBER 2024
2024
2023
:xpL'nditure
F:XPL'ndituri' on charitable JctivitlLS
WLIIIL% Jnd .%alJriL'.%
F.Iiipli)yLI-'% NIC
Pen%i()n LC)%t
R'ite% and water
LigTht an(J heal
Repdir% and IndintenanLL
111sui 41llLL'
LL'gvJl dncl priTrles5i()nLII tL'L%
()IhLr ()t'l ILL L()St
DLI)rLL idli()11
l)tliLr inlerL.%i payable and .%imil<if LhdTgTe.
Bank Lhariye.
27.490
63.061
690
2,347
1.011
4,485
23.429
5.908
2.161
6,585
249
13,334
65,287
751
3.096
403
4,816
23,788
5.337
2.253
4,269
312
14
119
137.535
123,660
Othc'r expL'ndRture
f.nlLrlainin¥
279
'1'4Trtal expenditure
137,8J4
123.660
Net gains on investments
GainQ(lo.%.4e%l on other investmeiil a%%et.
13,675
4,343
NL't lexpL'nditure)lincome
(1.821)
3,991
-27-

CORINERSTONE COMMUNITY CENTRE IHOVE)
COMPANY LIMITED BY GUARANTEE
NOTES TO THE DETAJLED STATEMENT OF FINANCIAL ACTIVJTif.4i
YEAR ENDED 30 SEvfEMBER 2024
211?4
Expenditure on charitable activities
General
Activities undertaken direcily
Wage% and salaries
Employer'% NIC
Pension co.sts
Rates & water
Lighi & heat
Repairs & maintenanLe
Insurance
Other office costs
DepreLiation
Other interest payable and %imil<ir Lhdrgc%
Bank Lharges
51).4(13
7_51
I.IIL)()
h()11
4.4x5
4.81(,
fi i)(18
(i.511_5
74
14
111? 74(J
Yoga
Activities undertaken directly
Purchdses
Food bank
Activilies undertaken directly
Purchase
Wages and SaI￿]e.5
?7.4l)11
3.(741)
17.4?L)
Governance costs
Governance cosl% - accountcillLy fee
Expenditure charitsble activilies
117.-515
2¥-