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<iiils eiiLIo.seil by the foi'iT)ci political w,I1'd boundaries of Brunswick and Adelaide and Cenlral
Hove wiil)ITrLiI distinclioi) of ri1CC. Dr sex. or ol" political. religi()us or other opinioiis by aSbL￿1ll1ing the
loLal auili()rilies, voluntary oi'gliiiiisalion arid inli,'IbilanLs in d common cll'(Irl Io iidvaiiLC uducalion and
lo provide lacililies in the inlcresls of Socicil wclfare lor i'LLrea(ion and leisure time occupation with
the object of iinproving the condilions ol lifre for the sdid iiiliabilani.s.
Organi5Sltlon and declsion Tnaking striicture
Mcmbers of board {mai)4igenienl coiiiniilleel (ire also niembors ol. the comp¢llly and charily
("Cornerslone Cominunily Centre IH()VL)") aiid ,set corp()14iie prioritie5 and deLido the overall
finaiici?I strJlegy lor the C.ciilre in il% priine imperative lo promote the benefit of Ihc iTrliabitanls of the
arca. Mi>iiiloring Ilic implemenlciliuii ol. fiiianLl%l1 policies that reflect these agreed priorities remains
wilh illl hiiill'd 5itliii¥? cls a maiiagenieiii coiiiniiiiee.
Igeineiil cuniiiiillLC Iii)Iil.K lip lo %ix meerings a yC1¢ r reviewing overall aLlivities iiguinst
l)Iidbiel. dLLiiliiig inves111)Liil pnlicv ciiid pLrtIll'lllcliice 41nd approving Lxpeiidilure. Monihly repor15 on
roi)l% li)r r()QnlS &UI(I cxpeiiclilLire #irL' reLeivLII.
The mai)a£eiJ)enl committee piomote5 the t?nnual budgel having sei key indicalors and performance
11¢ rgels for various ai'eas ol. activitie5. There arc ihL following sub committees.. building. tinance. and
slafling upon which truslees and c)Ihcr5 .Slt. Regular reports are made lo the lull mdnagenwnL
cnmmillee. all recommendations are considerL(I by tlie full management comfflitlee and appropriate
decisions takei) there.
Trustee recruitment, selection aiiil induction
Membership ol Ihe managemcnl Li)ITiniillLe is a inixture of nominated and app)inted membership.
which is ,%ct in ihc Articlcs ol" AssociI1tioii. ThL committee alleiiipts lo ensure thai the committee has
the approprillle skills and exttri¢n¢e to perl'oi'm ils 11¢ sks. During rnembership members are provided
wilh regular updales on be51 practice aild opportuiiities for further training ore made available.
Other or8llj115atioJis with which the Company co-operates in Rchlevlng its objeetlves The
Coinpany's activities involve fin<inciil trdnsiclion5 With several other charities and a550ciation5 active
iii the area. Noiie are formally associ?1 lcd with Ihe chatily.
Declsion maklng and delegation policy
Tlie manJgeiii¢nt coniniiltee considers and dpproi'es sir£iiegy and policies. sets Ihc annual budget and
delegales In the fii)ai)LL .%ubcoininillce moiiiloring and reporting rcsponsibilities associated Wllh the
financial Jspecls of aclivilies. In a siinil¢Trl' Wcly the oilier sub commillees have delegmtsd powers lo
oversee aTea5 of activity or IEspon5ibiliiy dnd rcpori io Ilie full LumTniiiee for both accountability and
decisions when policy disciissioii is IEquired. The day to day management and implementation of
agreed str¥11egies and policies is undertakeii by senior staff.

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'lli￿7￿LI[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 ll￿1n 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 I￿al
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<ir pr()y?re55ed. Ihe Llicillei)g*i4 (>1. Il)L (Iiig()iiig ¢osl of living crisis uppe￿￿rCd to ease. although
cl¢lS.4¥% rclyiiig i)n vxlcriidl fiii){ljiift Iiiiii)Il Ih411 11111(ling was Tn(Ire dirriLulI to obiain. One casualty of
Iliis (Kciirrei)iC was IhL ce%.%iiliiiii ol. Ili¥ 'Biicly <ind Mind Workoul,. run by the Recovery Collegc.
which had booked rooms at C.oriicrstone t.or iiiore than l S years. biit found their fuiiding cut.
Ali imporianl addition io Ihe weckly limelable was Aldridge Adult Learning, a lat]gua8e school based
in Portslilde, who iniliii ted ESOL c141sses foi reLeiiily arrived migrants. The fnod bank. which WAS first
sel up a5 an emergency project during thc covid ]￿kdoWnS, finally came to an eiid al Ihe ￿ntre. bul
continued lo operate in a new 1oci1tioii.
The Amigos preschool. which h41d endured i ditficuli period in 2023. Goniinued io make much
progres5 111 strengtheniiig the adminislralion processes aiid 51eadily increased the numbers of children
allendiilg on daily b1¢ sis. Tlie presLhool has a pdrticular slrcngth in providing nursery places for
relugee children alld tho8¢ with special nccds.
Moving forward, wc expccl lelliiigs ii)coii)e lo increase in future years with the implementation of
incr¢ases in room hire costs. which siarled in September.
Regarding Ihe mainien¢ll)ce ol. the huildii)g. the main project was the installalion of a new air-
conditioning and heating system iii the Adelaide room on the firsi floor. Also, 8 replacement Roman
blillds were filted ti) the same rooiii lind .sOtne lif"I rcpairs were carried out.
The board's carelul and pl￿denl ganierii)g ul. investmei)Is plus reserves has proved invaluable during
the year and will be so for the flilure. The iiivcslmenls and reserves are there primarily to cover both
any unloreseen mainten&ll)ce costs .10 ea%ily eiicoiintered when responsible for a romplex Grade I I
listed Victorian building. and to sirivti to cu¥er ihe absei?¢e of grunt support from the local authority.

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 Ill￿117 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 f￿nd 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 Unr￿lISed 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 inde￿ndent 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 Fr￿11¢e applicable lo chi1riiie5 prepaTing their a￿oUnt5 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 InJS￿e8 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 dIsc￿li0n 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
¢ONii*Ued)
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 ￿1￿111￿11 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 Ca￿led al revalued
amouiils are recorded at the tair value al the date of revaluation less any subsequent accumulated
deprecicltion Jnd subsequent dccuniuldi￿l 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 (Co￿11￿me￿)
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 cu￿en[ 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 - to￿1 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 (
CO￿l￿￿d)
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 eXamin￿tion 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<ins
63,061
690
2,347
66.098
89.5
2,496
65.782
The average head count of employee5 during the year was 2 12024: 2). The average numEer of
full-lime equivalent einployces duriiig Il)c year is aiialysed as follows..
2025
2024
Nuinber of Staff - adininislr(11ive
No cmployee received eTnployee benefils of morc than £f￿>,(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. Pens10￿5 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-