## **Trustees’ Annual Report for the period** **From 1st Jan 2020 (Period start date) to 31st Dec 2020 (Period end date) Charity name: Cornerstone Ministries Trust (Cornerstone Church Bristol)** **Charity registration number: 1038963** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**To propagate the Christian**
**message by preaching, teaching,**
**and helping to meet the needs of**
**the community both at home and**
**overseas by providing finance,**
**resources (human & material),for**
**welfare and education.**| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|**General Charitable Purposes**
**Education/training**
**The Prevention Or Relief Of**
**Poverty**
**Religious Activities**| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**Yes**| **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference **n/a** Para 1.38 Policy on grant making **n/a** Para 1.38 Policy on social investment including program related investment **Member contributions and tithes are used in accordance with the Charity Aims; 1.** |Contribution made by
volunteers|Para 1.38|**the relief of poverty 2. propagation of the**
**Christian Faith**| |---|---|---| |Other||**n/a**| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|**2020 was a difficult year for so many of**
**us. The church has continued to provide**
**for the needs of our congregation and**
**our neighbours in practical, spiritual and**
**financial ways. We moved our worship**
**services, prayer, pastoral support and**
**teaching online in order to be able to**
**continue to keep making a difference to**
**those in Bristol, Britain & beyond. In line**
**with the prevailing Government**
**regulations and best practices at the**
**time, we also continued face to face**
**support as and when permitted and safe**
**to do so during the pandemic times.**| |**Additional information (optional)**
You may choose to include further statements||where relevant about:| |Achievements against
objectives set|Para 1.41|**n/a**| |Performance of fundraising
activities against objectives
set|Para 1.41|**We maintained a positive balance sheet**
**whilst continuing to support local people**
**in need.**| |Investment performance
against objectives|Para 1.41|**n/a**| |Other||**n/a**| ## **Financial Review** |Review of the charity’s
financial position at the end
ofthe period|Para 1.21|**Our finances are in good shape.**| |---|---|---| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**We hold three - four months expenditure**
**in reserve in line with the Charity**
**Commission guidance.**| |Amount of reservesheld|Para 1.22|**£26,000**| |Reasons for holding zero
reserves|Para 1.22|**n/a**| |Details of fund materially in
deficit|Para 1.24|**n/a**| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**Not applicable, our treasurer, as a**
**Chartered Accountant keeps a good eye**
**on our financial position and updates the**
**Trust board monthly. **| |**Additional information (optional)**
You may choose to include further statements||where relevant about:| |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|**Member and non-member donations.**| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|**We tithe 10% of our income to support**
**projects in line with our trust objectives**
**of the relief of poverty and propagation of**
**the Christian faith**| |A description of the principal
risks facing the charity|Para 1.46|**We have a steady income and**
**membership numbers are broadly steady**
**too, the risk profile remains low.**| |Other||**n/a**| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|**Charitable Trust**| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**Unincorporated Charitable Trust**| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|**The Trustees in conjunction with the**
**Church Eldership decide and pass at a**
**meeting, by a vote, any new trustee**
**appointments.**| |**Additional information (optional)**
You may choose to include further statements|**Additional information (optional)**
You may choose to include further statements|where relevant about:| |---|---|---| |Policies and procedures
adopted for the induction and
training of trustees|Para 1.51|**We follow Charity Commission guidance.**| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|**We are members of the Evangelical**
**Alliance.**| |Relationship with any related
parties|Para 1.51|**n/a**| |Other||**n/a**| |**Reference and Administrative details**||| |Charity name|**Cornerstone Ministries Trust**|| |Other name the charity uses|**Cornerstone Church Bristol **|| |Registered charity number||| |Charity’s principal address|**Christchurch**
**Redland Road**
**Bristol BS6 6AG**|| |||| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Nam**
**e of**
**pers**
**on**
**(or**
**body**
**)**
**entitl**
**ed to**
**appo**
**int**
**trust**
**ee (if**
**any)**| |---|---|---|---|---| ||Sam Drew|||| ||Phil Smith|||| ||Peter Turner|Chair||| ||Eliot Warr|Treasurer||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |20||||| Corporate trustees – names of the directors at the date the report was approved **Director name** **n/a** Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year **|| |---|---|---| |**The Official Custodian for**
**Charities**||| |||| ## **Funds held as custodian trustees on behalf of others** |Description of the assets
held in this capacity|n/a| |---|---| |Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects|n/a| |Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own assets|n/a| ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** ||**Type of**
**adviser **
**Name**
**Address**|**Type of**
**adviser **
**Name**
**Address**|**Type of**
**adviser **
**Name**
**Address**| |---|---|---|---| ||||| ||||| ||||| ||||| ||**Name of chief executive or names of senior staff members (Optional information)**||| ||||| ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** P.Turner **Full name(s)** Peter Turner **Position (eg** Chair **Secretary, Chair, etc) Date** 29th Oct 2021 Cornerstone Ministrles Income and Expenditure account for the year ended 31 Decffliber 2020 COME OfferAn8s (mc wials) Clwrch room hire Its inwme Gift Aid t&x credits 68.737 575 36.058 105.410 50.333 7,259 Acts of kindne5S ￿￿&S1oll work 1617 G4Ele¢ & Water 9.201 359 2.669 1.350 530 1.161 Cl¢8ning rA)#s A]arni cost¥ 87.084 Surplus (defiol) for year 18.326 Surpkns Wf 32.652 Surplus (defi(¥t) to rjf 50,978 Reprosettted by CLsh in bank I 49,478 15 50.978 of Cornerstone kntstries for the p￿10d 01.01.20 to 31.12.20 Having examined the records presented and explanation offered in my opinion the above Income & Expenditure account shows a true and fair view of the income and expendits￿¢ of Cornerstone knistries for the period 01.01.20 to 31.12.20 Martin Turner