COMPANY REGISTRATION NUMBER: 2781672 CHARITY REGISTRATION NUMBER: 1024932 CORNERSTONE COMMUNITY CENTRE (HOVE) Company Limited by Guarantee UNAUDITED FINANCIAL STATEMENTS 30 SEPTEMBER 2025
CORINERSTONE COMMUNITY CENTRE (HOVE) COMPANY LIMITED B Y GUARANTEE FINANCIAL STA TEMENTS YEAR ENDED 30 SEPTEMBER 2025 Page TnJslees' aniiual report lincorporaling Ihe director'.8 re)rt) Independent examifteT'S reporl to the trustees Sialement of financial oclivities (including income and expendilure account) Sta(ement of financial position Note5 to the financial slalements li 12 14 The following pages do not form part of the financlal statements Dethiled statement of financial activities 26 Notes to the detailed statement of financial aclivittes
CORNERSTONE COMMUNITY CENTRE (HOVE) COMPANY LIMITED B Y GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORA TING THE DIRECTOR'S REPORT) YEAR ENDED 30 SEPTEMBER 2025 Thc Iruslee5, who are also the directors I'or Ihe piirpo,ses of company law, present their report and the unaudited fiiiancial stalemenls of ille chai'ity for the year ended 30 September 202.5. Referenee And administrative detai15 Regislered eh&rity name Cornerslone Community Cenlrc {Hovc) 1024972 ClIRrity reglstration number Company reglstr8tion number 2781672 Prlnclpal office and regtstered Coriierstone Community Cenlre office Church Roail Hove BN3 2FL
CORNERSTONE COMMUNITY CENTRE (HOVE) COMPANY LIMITED BY GUARANTEE TRIISTEES, ANNIJAL REPORT (INCORPORA TING THE DIRECTOR'S REPORT) YEAR ENDED 30 SEPTEMBER 2025 The trustees Mis5 L Godfrcy DrRMPS1iyei' M.¥ J Robinson The Revd E c.ollins Mr.8 Davidsoii Mr J Batre¢l M& S Rogers MsJTew Mr J Araiijv Mr T Beaiiic (Resigned 30 May 2025) Thc Board. inembers ol. the Loilli)¢2ny. may derive no benefit, income or capital interest from ihe compaiiy's cil'lair5 Otlier than Ihe reiiTihiirsen)eni of expenses. In tlie cvenl of the company being wound up, cicl? Ineinber. who is a ii)Li1)hcr at tliat lime, has undcrlaken lo contribute £ l. Directors and trustees Under the Memoi'llndum and Ai'ticles of A550ciaLion the following bodies are enliiled lo nominate or appoint Irv51ees'. al Up lo one person iiominaled by (he parish priest or person holding the Bishop's licence with responsibilily for the parish of 8t John the BilpI151 or successor parish, b) Up to one per&on notninaled by the c.hichester Diocesan Fund and Board of Financ c) Up to one person noininaled by Ihe local council. dl Up lo three persons iioininaled by Ihe ParoLhial Church Council of 8t John's, e) Up lo three persons from Ihe local communily (see note i) below), t) Up lo three persoiis from tl)e users ol. Cvriiersloiie (see note li) below), and they shall compose the Commitiee of Managcmeni Note i) Tl)ose froin the local conin)ui)ily dre cleliiiecl lo be those persons nominated through Jny community association thal covers an area Ih¢11 inlersecls with the ccntre',8 area of benefil. or any coordtnaling dy of coinmunity groups and residents ssocialions that cover an area that intersects with the cenlre's area L)f benefjl. ii) A user ol" CnrnLrslnne is defined lo he those persons who have organi5ed or attended activities which involved ihe hiring of Ihc f?& cililies ot che centre iii the lasi 24 months or those who volunteer in the centre for eiihei. specific lime or [)eri(.)dic4211y.
CORNERSTONE COMMUNITY CENTRE (HOVE) COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATINC THE DIRECTOR'S REPORT) YEAR ENDED 30 SEPTEMBER 2025 Senlor staff and principal advisoi's Centre Manager Mr Jonathan Burrell Bankers Nalional WesLtninsler B&nk Hove East Sussex Insurers Ansvar Insurance Company secretary Indepelldent examiner Miss L Godtrey Chris KytriA-Wallon UHY Affinia 168 Church Road Hove BNI 2DL
CORNERSTONE COMMUNITY CENTRE (HOVE)
COMPANY LIMITED B Y GIIARANTEE
TRUSTEE,S' ANNUAL REPORT IIP4CORPORA TING THE DIRECTOR'S REPORT)
YEAR ENDED 30 SEvfEMBER 2025
Structure? governance pDcl majiagernent
Constitution
The Curiieisione Community C.enlre (Hovel 15 a Llll1?17any liillited by guarlc lllee not having a share
Lupithl ¢l1)d i.s a reElStered charity govei'iie(I by ils iiiei))oinndui)) Kind article5 Dl- asSiKiiitioTr.
The CL)IIIP£llly'5 prii)cipal aclii*ilV 15 10 priiiiii)IL, assist advance work to the benelil of the
inhabil
CORNERSTONE COMMUNITY CENTRE (HOVE) COMPANY LIMITED BY GIIARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIREcfoR'S REPORT) YEAR ENDED 30 SEPTEMBER 202) Financial R15k assessment TIIL (lirLclc)r.% ic rc respiiii.%ihle l(?r In:iiiililllllllyI 11 S{)Iiiid Syslem ol. inlcrnal I'inanLial ¢ontiol to saleguurd IIIi LOIIIP¢llly'S c15scl%. DLiriii¥v ?Q?.S IIIL I'lli7LI[II L()i)Iruls reviewed the prcviou.s yelir were applied ideiililyiiigv Iiiaj(Ir risk.% lo wl)icli Ilie Lllllll)Illl)' ]% cxI)nsL(l. and syste1115 coiiliiiue lo bc devcloped and pr()Lvdiircs e%lcihli.%lied i() Iiiilig?(IIL Iliii.sL i-i.%kb. A Inriiial Iiiiciiicial risk .2sqe.ssn)Llll pr()Le5s has bcen .icli)Plcif uitd will Luiilinue iii be (IcvLI{)pcd. Tl)L Ii'iislees expeci to review ihe risk report annually. 01)Jectives anql actlvilies The company's principal aclivily is to promole. assisl and advthnce the bencfit of the inhabitants of the local area. Tlie ll1n objectives of the chaiily are.. To provide facililies for groups. orgaiiisalioiis Aiid associations to use. To pioiiiule Ihe eslkblishmeni ol. groups and assv¢ialion5 to benefit idenlilied seciors of the Ial populdlii)11. To engage wilh Ihe comniiinily to enhance its- tnembers, capacity lo develop appropriale responses lo idei)liFied needs. As Piifi ol Ihe tirsl objective uf Ilie chicrily, tinancial inforiiialion dnd projccted income and expcii(liiure. aiid usage of the Centre continued lo be provided to the manageinei)I coinmiiiee on a monihly basis. In addition, resulcif ilibpeclion of ihe building is underlaken and Ihe commillee receives regular report5 idenlifying pragrcss Jnd any issues arising. In response lo the second objeciive, lielp Lo groups with fundraising and wider publicity to sustain Iheni is oiigoing. Cornerstone Cenire remains the location for growing nuinber of local orgaiiizalions to meet and sh4ire Iheir experieilces. skills ai)d knowledge. Tlie Manager is also activc in the network of community Cenires wiiliiii Brighioii ¢ind Hoyc. This ctivity helps lo ensure that the CEntre remains aware of dillerenl ways of respoiiding to idciilified needs locally.
CORNERSTONE COMMUNITY CENTRE (HOVE)
COMPANY LIMITED BY GIIARANTEE
TRU5TEES' ANNUAL REPORT (INCORPORATIIYG THE DIRECTOR'S REPORT)
YEAR ENDED 30 SEPTEMBER 2025
Aehlevements and perforniance
The fii)ai)Cl(il ycar ei)ding in .Sepleniber 202.5 saw a few nuctualions in occupancy levels, most
obviously with a dip in the Iii'sl few nionihs ol. )111.5. Sever¢il classes eiided Ihcir b(M)king.4 iii January
aiid February due 10 insuffiLieiil iiumbers of ¢?Ilciidec5 and iniiially proved (lirriculi io repl£?ce.
Iii lolal, Con)erstone Wiis booked tor 6.870 hours. a small decrease on the 6.920 Iiours of the previous
year.
As Ilii. ye
CORNERSTONE COMMUNITY CENTRE (HOVE) CO[PANy LIMITED BY GIIARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATIIYG THE DIRECTOR'S REPORT) YEAR ENDED 30 SEPTEMBER 2025 Flnancial review Finaneial overvie Tlie ilLLoiiiils .%lii)W (ILlILil Iin iiperclli(?1).s c)l- Jppr()xini.Ilely £28,175 1(>r IIiL ycar 202412025. Incom¢ I'r(iiii I'i'iiis rciii4llllC(l %tiihlL IIIis YLIL r hLII iw:i% l()Mer Ill117 IN llLccled t() acl)ILVe Il balanced budgeL Rcnts aiiil i)Ihor iliciililL fc)r IIIL yLdr ?Ul41?1)?.5 11)liille(l jy.12.1.5 1?O?.A/?n24.- £9.1,981). Lix)kirtg forward. ilie TriiKII%LiS conliniie lo aiin for bcilanced builgvt where iiici?me r()ughly equates l() Li)sls. To rhis end. a rL)ViCW Ot. rooin reiiial pi-ices ha.q been conducled and inLr¢ases impl¢mcnled. Re.serves pollcy Tlie management's policy reinaiiis that Ilie ui)restricled general fnd cash reserve should be gel. al a minimum level of 12 monil)'5 cxpendiliire based on a lypical yearfs expenditure. All Investments provide incotnc and reasonable funds to be availdble to cover work on the fabric. Investments Tlie Li)11117any iiive.sl% Ilimii&vh con)Illiiii ink-Ls112iL iii fiiii(Is and does not invest directly in the s1(Kk Ill£irk'cl. 11 11L ke.4 cngiiis'iiiLL Lil. IliL, liiii(Is' Liliiiiil PL)licies. During 202412.5 (he UnrlISed loss in invcslni¢nl% W£iS L.7.46?:
CORNERSTONE COMMUNITY CENTRE (HOVE) COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDEDJO SEPTEMBER 2025 Plan5 foi. future per1(S As an ongoing strategy we will conlii)Lle tn identify potential new truqlees and members OF the 11112nagLlI)eiil cominillei. locu5in(r on Ihe exiiii'iLI)LC and leiits thcy iiiighi bring lo the Board while being 24 W1¢ re that the B(l(?rd ilselt. oughi in bc iiiircsciilatii'c of Ihe coi)Imiinily we serve. T<) Ihis end, a ¢oiilinut21ioi1 (Trf Il)e IIM)Ll-baink iiiilialive look place again lor another year run by the previi)us chaTr aiid wa.s 511prK)rtcd by Iriislecs and slaff. and Ihe projeul was ixiended to become a .jtiiiil wenlure with IIIL LIILifLII. Menlton Inusl be madc ol. the potcnliill iiiii)c)¢l 011 Cornerslone of the iciiiliiiuing cost-of-liying crisis. Tlic Ccnire will have to be aware of aiiy rLsuliing chang&5 in Il?e patterii 1>1 Usic ge or the iieeds of the communily. Thi5 task will ino.si likcly fall on Il)c should¢rs of the Maiiager, Assisianl Manager and Voluiiteers via informal convei'sattni)s with IhL Ceiitre's users and visitors. wilh feedback to and .%upp)I'l from the Board. As ever. Ihe quiel iinportaiicc of the Volunteers to the sm(x)th running of the Centre is a coii)ponenl Ilidl we siinply could ni)I do without. Dvring the year the recomineildations i)f the latesi quinquennial i115pection coniinued lo be implemeiiled. The report will guide u.% with the oiigoing mainlenance of ihe building until Ihe next inspcclion is duc in 2027, to eiisure Ilial it conlinues lo be Ihe welcoming and safe space for atl those using the facililie5. Diiring 202.5. the knard mgl lo review Il)e STfcileoic and business implementation plan, which gave us all a chancc to Tcflecl aiid revicw ihe qiieslioi) ol. the fundatnenlal purpose and direction of the CoTnerslone Cenlre and provide ix)th pra¢lical lid aspiralional roadmap of ¢ontinuin8 to meet our mission staleinent. The trustees once again acknowledge Ihl ilebi owed in all ihose who have been involved with the Cenlre over Ihe year, striving lo keep 1( n all important resource at the heart of the community- SMAII company provisions This i'erK)i'i l)as been prepared in accord¢TrllLe with the provision.q applicable to cc>mpanies entitled to Ihe small companies Lxeinpiion. Thc Iriistccs, annual I'c]y)rl was pproved oil 19 May 2026 and signed on belialf of the iK)ard ol Irusiee5 by= Miss L Godtrey Triisiee
CORNERSTONE COMMUNITY CENTRE (HOVE) COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CORNERSTONE COMMUNITY CENTRE (HOVE) YEAR ENDED .10 SEPTEMBER 2025 I report to ihe Iruslees 011 iny exainiiiaiioii of Ilie financ?al stalei))eiits of Cornerstone Community Centre (Hove) I'lhe chllrily,) lor tl)C yL2r en(led 30 September 202.fj. Responsibilltles and basis of report As the Iruslees of Ilie conipuny laiid al,£0 ils dire£tors tor the Purposes ot company law) you are resiK)n5ible for Ihe prLparaiion of thc Iiilaiicicil stlc teinei)tS ill diccordance with Ihe rcquirements of the C.DITJpanies Acl 2006 {'the 21X)6 Ac('}. Having satisfied mysclt that the ac£oiints of Ihe Lompany are not required lo be audited under Part 16 of Il)e 2(K)6 Act and are eligible kor iiidependenl cxaminalion. I report in respecl of my examination of Ilie cliarily's accounts cairied out LindLf SLCtion 145 of the Charities Act 2011 I'ihe 2011 A¢l'). In carrying out my examination I have followed Lhe Direclions given by the Charity Commi55ion under section 145(.5){bl ot tlie 2011 Act. Independent examiner's statement I have eompleled my exaniiiiiilion. l ¢onfiriii Iliclt 110 matiers havc come to my attention in connection with the examination givingT i])e cause lo belici'e.. acwunling records were nui kept in respeci nf the charity as required by section 386 of the 2006 Act. or the fiiiilncial 8lalemcnLs do iii)t i?ccord with those records. or Ihe fiuiincial 51alements do Iinl comply with thc accounting requiretnenls of section 396 of the 2(K16 Act other than aiiy ItqUllEnienl that the accounts give a 'twe aild I'airf view which is not a maller Lonsidered a5 Part of ali indendent exainination: or the fjnaiicial staleiTien15 have iiot been prepared in accordance with the metho(Ls and prinLiples ot. the StaiLineiil ()I' Relumineiided Practice for accountiiig and reporting by chariiies applicable lo ch?1 rilies 1)rep¢2ring thcir account5 in accordance with the Financial Reporting Si&ndard pplicable iii Ilie UK and Republic of Ireland (FRS 102)-
CORNERSTONE COMMUNITY CEiYfRE (HOVE) COMPANY LIMITED BY GIIARANTFE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CORNERSTONE COMMUNITY CENTRE (HOVE) l¢oitl YEAR ENDED .10 SEPTEMBER 2025 I liave no Loncen)s and have come cicross no other matter5 in conneclion with the examination lo wllich atlcnlion should be drawn in thi5 repvrt in order to enable a proper understanding of the accounts lo be reached. Chris Kyffin-walion Iiidepeiidenl Examincr UHY Atrinia 168 Church Road Hove BN3 2DL io-
CORNERSTONE COMMUNITY CENTRE (HOVE) COMPANY I.IMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES IINCLUDING INCOME AND EXPENDITURE ACCOUNr} YEAR ENDED 30 SEPTEMBER 2025 2025 Reslricled ruiid5 Total funds Total funds 2(Y24 Ilnrestricled funds Note Income and endowment5 Don41lions and legacies Charitable activities Inveslinenl ?nccTrme 20 1,783 20.998 93.981 6,.598 6598 To¢al income 99.8.5.3 1.763 101.616 122.316 Expendilure Expendilure on charilablc ac(ivilies Oiher expenditure Total eJtpendlture 1 ?1,457 161 2,711 126.168 161 137535 279 io 12.3.618 2.711 126.329 137.814 Net (losse5)Igains on investments li (.1,462) {3.462) 13.675 Net expendlture 4nd net inovemeIit in rubids {27,227) (948) (28,17.5) (1.823) Reconcillatlon of funds Toiiil I'unds brought forward Total fuiids carrled forward 227.704 .781 229,485 201,310 2(Xl.477 833 229.485 The 51atemenl or tinancial aclivilies ittcludes illl gaii)s and losses recognised in the year. All income and expenditure derive frnm ci)Iilinuiiig activilies. The notes on page5 14 to 24 forrn part of these financial statements. li
CORNERSTONE COMMUNITY CENTRE (HOVE) COMPANY LIMITED BY GIJARANTFE STA TEMENT OF FINANCIAL POSITION 30 SEPTEMBER 2025 2025 2024 Fixed asset5 Tangible fixcd assets Invesliiienls Note 16 17 798 174.407 997 177.869 178,866 175.205 c.urrent assets Debior5 C¢2sh al bank ftnd in hand 18 139 27,739 27.878 208 51,924 Credltors: amounts falllng due M'ithln one year Net eurrent assets 19 .773 1,51_3 26,105 201.310 50,619 229.485 Total assets less curren¢ liahilities Net assets 201,310 229,485 Funds of the charltv RestriLted funds Unreslricled funds 1.781 227,704 229.485 2(Ki.477 TotAI charity funds 21 201,310 For Ihe year eii(liiig .lQ.Scpieinber ?O?f IhL Lliill'ily M'ils enlilled to exemplion from audit under sectio 477 01. ihe Ciimp¢inies ALI ?IN)6 rel'iiji)o tD.%lll¢ill Li)Inpi7nie5. Directgr5' responsibilities: The meinber5 have not required tlle company to obtain an audit of its- financial statemerjts for the yedr IT] question in ccordai)ce witli seciion 476; The directors acknDwlcdge their respoi?sibilities for ¢omplying wilh the requirements of the Act with respect to accounliiig records and the prcparaiion of financial slaiements. Th¥%e financial slalemenls have been prepared iii accordan with the provisions applicable to companies subjecl lo the small compai)ies' regime. Tlie slalen)eiii ot lii)ancial position COlllinLlCS 011 Ilic fnllowing page. The note5 on pages 14 to 24 foi'm part of lhese finAnclal statement& 12-
CORNERSTONE COMMUNITY CENTRE (HOVE) COMPANY LIMITED B Y GUARANTEE STA TEMENT OF FINANCIAL POSITION f C04wi•trd) 30 SEpfEMBER 2025 These financial slatemen15 were approved by Ihc board of trnstees and authorised for issue on 19 May 2026, and are signed on behalf of the board by: Mi55 L Godfrey Truscee The notes on pages 14 to 24 form part of these flnanci81 statements. 13-
CORNERSTONE COMMUNITY CENTRE (HOVE) COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STA TEMENTS YEAR ENDED 30 SEPTEMBER 2025 General information The ch41rily is public benefit entity and a private compaiiy limiled by guaranlee. regislcred in Englaiid and Wales and a regislLTed charily iIi England and Wic les. The address of the registered ol'fice 1% Cornerstone Comn)unily Cenirc. Church Road. Hove, BNI 2FL. I Statement of compllance These financial slaienienls li(Ive beei) prepared in compliance with FRS 102, The Financial Rewjrtiiig Staiidard applicablc iii the UK and the Republic of Ireland,. the Statement of Recommended Fr11¢e applicable lo chi1riiie5 prepaTing their aoUnt5 in accordance with the Findiici411 Rewjrting Staiidai'd applicablL in the UK and Republic of Ireland (FRS 102} (Charities SORP (FRS 1021) and Ihc Coinpanies Act 21K)6. A¢countlng policles B45is of preparatloii The financial slatefflen15 1)ave been prepared on the historical cost basis, as rtK)dified by the revaluation of certain financial a88els and liabiliiics and investment properlie5 measured ai fair value ihrough incomc or expenditure. The financial statcmcnls are prepic l'ed in slerling. which is the functional currency of the enlity. Golng concern Ai Ihe lime of approving the tinancial slalcmenl. the Iruslees have a reasonable expeclalion that the charity has adcquate re.sources to coniinue in operational exislence for the foreseeable lulure. Thus Il)e InJSe8 conlinue io adopl the g()iiig concern basis of accounting in prcparing the financi¢il slateinenls. Judgements gnd key sources of estimation uncertainty The preparation ol. the fiiiaiicial s(aten)eiils requires management lo make judgements, estirnatcs and assumptions tl)al atfect the amounts reported. Tliese estimates and judgements are contillucllly reviewed and are bc15ed on experience aiid other factors, including expectalions of fulure cveiils thal are believed Ic) be reasoiiable uiider the circumsiances. sigiiilicanl judgements liave had io be iiiade by ihe directors in preparing these fjnancial sialemeilrs. 14-
CORNERSTONE COMMUNITY CENTRE (HOVE) COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STA TEMENTS ( Coiifiwied) YEAR ENDED 30 SEPTEIWIBER 2025 Accountins policies (cnitljNucd Fund accounting Unreslricled tunds are availahle for usc ill Ille dIscli0n of the Irustees to further any of the charily's purpose5. DesigDiiled funds are unrcslricled funds eartnarked by the trustees for particuldr future project or commitment. ReslriclL(I ILin(l.% aiE 8uI)jLLtcd lo reslriLlinn& on their expendiliire declarLLI by Ihe donor or Ilii'iiiigli Ili¢ Itriii.¥ of ali lipiical. aiid lall illlc) onc Df two sub-classcs= re51ricted income funds or Incoming resources All incoming resources are included iii Ilic slatcmenl of financial 4clAvities when enlitlemenl has i%.scd lo thc Lh41rily: il is pi'i)l)IiblL Iliiil Ilie LL(IIiOIiiiL benefits assoLiuled with the transaLlion will flow lo ihL L Iiariiy iii(I the .'Iii?i)11111 c.111 hc reliably ii)easured. The following specifIc rK)licies arc applied to Pc21'liLul%if Liiiegiirics 111. iiiic)IllL'. income froin doiialioiis or graiils 15 recogiiised when there is evidence of entitlement lo the gift, receipt 15 pic)biiblc aiid 11.8 aniovnl C<111 be measured reliably. legacy ii)coine is recognise(I when T¢CLiPt is piDbable and entitlement is cstablished. incoiiic Ii'oiii di)i)iilecl g*()()Ils is IllLIINllI'e(1 111 Ihe fair value of the goods unles5 thi5 is IIIIPl'£2LIiL¢il Io 11)L:1siifi' I'Lli.Ihly, iii '1)iLh case Ihe value is derived Iroii) the cost the doii()r i)I' IIIL LsliiiicilLLI re.Siile valiiL. DnTr¢iled facilitie5 AT]d services are rec(Igvni5ed in the account5 whLIi ILLeived il-1he V421uc Cclli be reliably meilsured. No anK)unts are inLluded for the coiitribulioi) lif &Trcneral vnliTntccrs. income Irom contiacts t'or tl)C SLipply of seiTr'ices is recognised with Ihc delivery of the contracted service. Tllis is cla55ified as unresifiLted funils unless there is M contractual requirement for il lo be 5peiil 011 d pdrli¢ular purpose and returned if unspent. in which case it may be regardcL1 as I'cslricied. 15-
CORNERSTONE COMMUNITY CEIYTRE (HOVE) COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STA TEMENTSI ¢ONiiUed) YEAR ENDED 30 SEPTEMBER 2025 Accountlng pollcies (COlSllitMed) Resources expendeil Exr¢ndilure is reLognised oil an accruiqls l>asis as a liability is incurred. Expenditure includes aiiy VAT wliicli Lannot be lully recoi'ered. and is classified under headings of the statemenl of financial aclivilics lo which it relalLs'. expenditure on I'(IlSlI)g funds iiicludes the costs of all fundraising activitie5. events. non- chai'itable Irading £iLlivilies. and Ihe sale oldonaled goods. expciidiiufL C)11 ch%l1'ilciblt 111111 ies iii¢liide8 all Ll)sls inLurred by a cliarily in uiidertii kiiig 1Llivilics Ili&ll lurilier il.s L Iiiiriliil)le :iii?)N Inr the henelit of ils beneficiarieb. including Ih()%e tii)Ix)ri L()%1% iin(I costs rL'liilii)g lo IliL ¥)i)vernciiice ot. Ihe charity apportioned lo chariluble aclivilies. olhcr expenditure includes all Lxpeiiditui'e that 18 neither related to raising funds for the cllarily nor pan of ils expci)diiiire on chai'itable aclivilie5. AII ¢0515 are allocated lo expenililurc Lalegories reflecting the use of tlie resource. Direcl costs allributable Lo a single activity 1fL' 1111ocaled directly to thai acliyily. Shared costs are appoi'tioncd between the aclivilies they conltibule to on a reasonable,.justifiabl¢ and consistent ba515. Tangible a55ets Tangible assels are inilially re¢ordLd cil cost, and subsequently stated al c05t less any accumulated deprecialii)n and itnpaii'inent losses. Any tangible assels Caled al revalued amouiils are recorded at the tair value al the date of revaluation less any subsequent accumulated deprecicltion Jnd subsequent dccuniuldil inipairnient losses. An increase in the carrying <imoui)l ol- ali li Ssel as a result of a revaluation, is recognised in other rerognised gains and losses, unlcss il rL)VLrses <1 charge for impairinent that has previously been recognised as expenditure within the .%lateiiiei)l of fiii¢incial aciivilies. A decrease in the carrying aniouiil of an asset as a re5uII of revalualii)ii, is recognised in other recognised gains and losses, excepi lo wliich it otlscls aiiy previous rLIV1c liialion gaiii. in which casc the Ioss is shown within oiher rccngiiised gains nd losse5 an thc slatLiiienl nf finl¢ ncial activitie5. Depreciation Depreciation 15 calculated $0 £lS tn wrilc off the cost or valuation of an assel. less its residual V411ue, over the uselul ecoiioinic life i)I' that I1sset as follow5.. Short leasehold property Fixlures and filliiigs 2_5 years from 1993 20 reduciiig balance 16-
CORNERSTONE COMMUNITY CENTRE (HOVE) COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL ST A TEMENTS (Co11me) YEAR ENDED 30 SEPTEMBER 2025 Accounling policies l¢fjnlinuedJ Investment5 Uiilisled equity invesiinents are iiiiti'illy re¢orded al cost. and subsequently wneasured at fair value. If fair value cannot be reli'ibly iiie£isured, assets are Ineasured at cost less Ampairment. Listed investments are iiieasured al fair value with changes in fair value being recognised in inw[[ or expenditure. Impairn)ent of fixeql assets A review lor indiciilors ol. impairinenl IS C41rried out at each reporting date. with the recoverable amount Eeing estinialcd where siich indicators exist. Where the carrying value exceeds the r¢coverable amount. rhc asset is iinp¢iired accordingly. Prior impairments are also reviewed for possible reversal al each repor(ing dalL. For the purposes of inipairmenl lesling, when il is not possible to estimate ihe recoverable amounl ol. an individual asset. an estimale is made of ihe recoverable amount of the cash_ generaling unit to which the asset bclongs. The cash-generating unit is ihe stnallcsl identifiable gioup of assets tha¢ includes tlie as5Ct ¢ind generates cash inflows that largely independenl of the cash inflows from oih¢r asseis OT groups ol. as&el.q. 17.
CORNERSTONE COMMUNITY CENTRE (HOVE) COMPANY LIMITED BY GIJARANTEE NOTES TO THE FINANCIAL STA TEfvIENTS ItOAtinMEd) YEAR ENDED 30 SEPTEMBER 202$ Accounting polieies leprtllrtucdl Financial instrumeiits A tInancial assel or a liiiancial liabiliry is recogi)ised only when the entity tecomes a party lo the conlraclual provi.£ions of Il)e inslrumeiil. Basic fiiiancial inslruinenls are iniiially recogiiised al Ihe amount receivable or paable including any relc2ted Irdnsaction costs, unless thE arrciiigemcnt constitutes a financing tran5aclion. where it is recogi)ised al the present Vcilue ol. Ihe Iuiurc payinents discounted at a markel rale of interest for a 51111ilar debt inslrumelll. Current assets and cuen[ liahiliiies are subsequently measurcd at the cash or oiher consideration expected to be El<1id or iyceived and not discounted. Debt instrumeDls are 5Libsequenlly n)easui'ed al amorlised cost. Where investinenls iii ,shares or prelereiice shares are publicly traded or their fair value can oihcrwisc be mea.%urcd reli7 bly. the invesin)ent is subsequently measured ai lair value wilh changes in fair V¢ilue recognise(l iii income and expendilure. All other such investments are 5ubb'equenily measured at cost less iinpc2irinent. Fiiianrial a5se(s IhJl al'e me1¢.sured at cnst or 4imortised cost are revlewed for objective evidence of impuirment al the end of each repoi'ling dale. If Ihere is objecttve evidence of impairrnenl, an impairment Ios5 is reuugnised uiidei. (he appropriate heading in the slaleinent of financial a¢liviiie5 in wliich ihe initial gail) was recogr]ised. all equity instrumenis rcgardless of signtficance. and otlier financial asselB that are individually 5igiiificanl. Ihesc lire 4issessed iiidividually for impairment. Oihcr t'inancial assets are either assessed indiviilually or grouFed on the basis ot similar credit risk chara¢ierislics. Deflned contribution plans C.onlribuiions to defined coutribution pl%lllS are re¢obinised as an expcn5e in Ihc period in which the related service 15 provided. Prepaid Lolitrihulions drc recognised as an asset to the extent thal the prepayinent will lead lo a reduction in I'ulure payments or a cash rel'und. When contributions are nul exrectcd to bc settled wholly within 12 months of the end of the reporting date in which the employLes reiider the relaled 5etvi¢e, Ihe liability is ffjcasured on a discounted present value bc?515. Th¢ Linwindii)g of the discount is recognised as an expense in the periud iii which il arises. Liniited by guarante¢ Iii the event of the cufflpany being ivound up. cach Mem. who is a member al that tinie. has undertaken lo conlribuie £1. 18-
CORNERSTONE COMMUNITY CENTRE (HOVE) COMPANY LIMITED BY GUAII4NTEE NOTES TO THE FINANCIAL ST A TEMENTS f YEAR ENDED 30 SEYfEMBER 2025 Donallons gnd le8aeies Unre5tricled Funds Restricted To¢al Funds Funds 2025 Donatlon5 Donation5 - generi21 Doiiations - to1 baiik 20 20 1.763 Grajits Grants ieceivable- fi)od bank 20 1.783 Unrestricted Funds Restricted Total Funds Fuiids 2024 Donations Donations - general Donalions - food bank 90 7.898 7.898 Grants Grai)Is receivable food bank 13.010 20.998 90 20,908 Charltable actlvities Uiirestri¢(ed Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Income from lettings 93.235 93,981 Investment income Uiireslricled Total Funds Unreslricled Totsl Funds Funds 2025 Fund5 2024 Bank interest receivable 6,598 6.-598 7,337 19-
CORNERSTONE COMMUNITY CEivfRE (HOVE} COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STA TEMENTS ( COld) YEAR ENDED 30 SEYfEMBER 2025 Expenditure on charitable activities by fijnd type Unrestricted Fund5 Reslricted Total Funds Funds 2025 General Food bank Support cosis 121,297 121,297 2,711 2,160 126.168 2.711 2.160 121.457 2.711 Unrestricted Funds Restricted Total Funds Funds 2024 Generdl Food bank Support costs 104.244 104,244 31,130 2,161 137.535 31.131 2.160 106.404 Expendlture on charitaT)le activitie5 by aetlvl¢y type Activities uiidLrtaken dirccily Support costs Tot41 funds 2025 Total fund 2024 General Food bank Governance costs 121.297 2.71 121,297 2.711 2,160 126.168 104.244 31.130 2,161 137.535 2.160 124.(M)8 1160 10. Other expendlture Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Entertaining 161 279 279 11. Net (105ses)Igalns on investmenLs Unrcstri¢led Total Funds Unreslricled Totsl Funds Funds 2025 Funds 2024 Gainsl(1055es) on other investment 13.462) (3,462) 13.67.5 13,675 .2(1-
CORNERSTONE COMMUNITY CENTRE (HOVE) COMPANY LIMITED BY GUARANTEE NOTES TO THE FINAIYCIAL STA TEMENTS { cunliAued) YEAR ENDED 30 SEpfEMBER 2025 12. Net expen(Ilture Nel expendilure is slated alicr chargingl{crediling)- 202S 2024 Depreciation ol taiigible fixed asset.q 199 249 13. ludependent eXamintion fees 2025 2024 Fees payable to the independenl exaininer I'or.. Independent exaniination ol. Ihc finai?Clc11 statcn)ents I,2) 14. Staff costs The lotal 51aff costs and employee beiiefils for the reporting period are analysed as follow5-. 2025 2024 Wages and salarie5 .Social security costs Employer conlribuiions lo pension pl,(m)0 during the year (2024.. Nil). 15. Trnstee remuneration and expenses None ot. Ihe trustecs {or any persoms coiinecled with them) received any remuneration during the year nor claimed any expenses. 21
CORNERSTONE COMMUNITY CENTRE (HOVE) COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL .STATEMENTS (contiAN) YEAR ENDED 30 SEPTEMBER 2025 16. Tangible fixe(J assets Short leasehnld Fixiures atTrd property filtings Total Cost At l Oct 2024 and 30 Sep 2025 Depreciatlon Ai l Ocl 2024 Chargc for thc year At 30 Sep 2025 Carryliig amount At 30 Sep 2025 AI 30 Sep 2024 419..596 38,579 458,175 419.-$96 37.582 199 457.178 199 419.596 37.781 4.57.377 798 798 997 997 17. Investments Listed Oiher investments investments Tolal Cost or vAluatlon Ai l Ocl 2024 Addi110115 FaiT value Inovemeiils 917 176.9.52 177,869 (3,462) {3,462) 174,407 At.10 Sep 2025 JmpAirn]ent At l Oet 2024 and 30 Sep 2025 Carryiiig amount At.10 Sep 2025 AI 30 Sep 2024 917 917 173,490 176,952 174,407 177.869 917 All invLslments shown above are lield al Vciluation. Financial assets helcl at fair value Investments have been valued using tl)¢ bid markel value at the year end. -22-
CORNERSTONE COMMUNITY CENTRE (HOVE) COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STA TEMENTS IcotttiAued) YF.AR ENDED 30 SEPTEMBER 2025 18. Debtors 2025 2024 Other debiors 1.39 208 19. Credltors: amounts falling due within one year 2025 2024 Accruals and defeffed income Other creditors 1.2 313 1.77.3 1,513 20. Pens105 and other post retlrement benefits Defined contrffibution plans The ainount reLognised in incomc or exTKndiluie as an expense in relation to defined contribution plans was £2,49612024. £2,347). 21. Analysis of charitable fuJi(Is Unrestricted funds Gains and At losses 30 Sep 2025 At l Oct 2024 IIKome Expenditure Geiiei'al funds 227.704 (123.618) (.1.462) 2(M),477 Gains and At losses 30 Sep 2024 At l Oci 202.3 Income Expenditure General funds 219,.31)4 101.408 (106.683) 227.704 Restricted fvnds Gains and At losses 30 Sep 2025 At l Oct 2024 Income Expenditu Res(ricted Funds 1.781 1,763 (1711) Gains and At losses 30 Sep 2024 At l Oci 202.1 Income Expendiiure Reslricled Fund5 12,0(M 20.908 (31.111) 1.781
CORNERSTONE COMMUNITY CENTRE (HOVE) COMPANY LIMITED BY GUARANTEF NOTES TO THE FINANCIAL STA TEMENTS Iri*llliNN¢d) YEAR ENDED 30 SEPTEMBER 2025 22. Analysls of net assets betm'een funds Unrestricted Funds Restricted Total Funds Funds 2025 Tai)gible fixed assets Jnveslmenls Currenl assets Creditors less than l year Net assets 798 174.407 27.045 (1,773) 200.477 798 174.407 27,878 (1.773) 201.310 833 Unrestricled Funds Restricted Total Funds FuniLs 2024 Tangible fixed as.qels Investments Currenl assets Creditors less than l year Net assets 997 177,869 50.351 (1.513) 227.71M 997 177,869 52,1.12 (1,513) 229.485 1.781 1,781 -24-
CORNERSTONE COMMUNITY CENTRE (HOVE) COMPANY LIMITED BY GUARANTEE MANAGEMENT INFORMATION YEAR ENDED 30 SEpfEMBER 2025 The followlng pages do not form part of the fjnanelal st9tement& -25-
CORNERSTONE COMMUNITY CENTRE (HOVE) COMPANY LIMITED BY GIIAII4NTEE DETAILED STA TEMENT OF FINANCIAL ACTiVITIES YEAR ENDED 30 SEPTEMBER 2025 2025 2024 Income and endowments Donations aJi(I legacies Dotbalion5 - genei'al Donations - food bank Granls receivable - tood bank 20 1.76_1 90 7.898 13.010 20.998 1,783 Charltable 8Ctivitles Income from leltings 93,235 93.981 Investment income Bank inleresl receivable 6,598 7.337 Total income 101.616 122.316 Expenditure Expenditure on charitable actlvltles Purchases Wages and salaries Employer's NIC Pension costs Rates arid water Light and lical R¢pairs and maintenance Insurance Legal and profe55ional f¢cs Other office costs Depreciation Bank charge5 2.711 62,391 89.5 2,496 27.490 63,061 690 2,347 1.01 I 4.485 4,270 36,683 6.159 2.160 6.710 199 494 2,161 6,585 249 126,168 137,535 Other expenditure Entertaining 161 279 Total expendithre 126.329 137,814 .26-
CORNERSTONE COMMUNITY CEiYfRE (HOVE) COMPANY LIMITED BY GUARANTEE DETAILED STATEMENT OF FINANCIAL ACTIVITIES l¢oMliKucdi YEAR ENDED 30 SEPTEMBER 2025 2025 2U24 Net Ilossesy8alns on investhients Gains1(losses) on other investment asse(.$ (3.462) 13,675 Nel expendlture (28.175) 11.823) -27-
CORNERSTONE COMMUNITY CENTRE (HOVE) COMPANY LIMITED B Y GUARANTEE NOTES TO THE DETAILED STATEMENT OF FIPIANCIAL ACTIVITIES YEAR ENDED 30 SEYfEMBER 2025 2025 2024 Expendlture on charitsble actlvitie5 General Activities Uiiderlakeii directly Wages and balaries Employer5 NIC Penston costs Rate5 & water Light & heat Repairs & maintenance Insurance Other ofl'ice c051s Depreciation Bank charges 62.391 895 2.496 59,421 690 2.347 1,011 4.485 23.429 5,908 6.585 249 119 4.270 6,1.59 6,710 199 494 121.297 l(H,244 Food bank Activilies uiidertftkeii directly Purcliases W<igcs and salaries 2,711 27,490 2,711 Governance costs Governance costs - accountancy fees 2,160 2,161 Expendlture on charltsble actiTritles 126,168 137.535 -28-