Section C: Notes to the accounts Trustees’ annual report for the period
Period start date 0 1 0 1 2 2 Period end date 3 1 1 2 2 2 Charity No Charity name Cornerstone Church Bristol 1 0 3 8 9 6 3 (if any)
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 faith by preaching, teaching and helping to meet community needs at home and overseas. By provision of financial and human resources for welfare and education in a Christian context. |
| Summary of the main activities in relation to those purposes for the public beneft, in particular, the activities, projects or services identifed in the accounts. |
Para 1.17 and 1.19 |
General Charitable Purposes; Education/training; The alleviation of poverty; Religious activities. |
| Statement confrming whether the trustees have had regard to the guidance issued by the Charity Commission onpublic beneft |
Para 1.18 | Yes |
Additional information (optional)
You may choose to include further statements where relevant about:
| SORP reference |
||
|---|---|---|
| Policy on grant making | Para 1.38 | N/A |
| Policy on social investment including program related investment |
Para 1.38 | N/A |
| Contribution made by volunteers | Para 1.38 | Member contributions and tithes are used in accordance with the purposes of the charity (Para 1:17 and 1.19). |
| Other | N/A |
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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 benefciaries and any wider benefts to society as a whole. |
Para 1.20 | Over this year, the church has continued to provide spiritually, pastorally and financially for a regular congregation of 70 people, 3 missionaries and their families and many members of the wider community. 2022 saw Cornerstone participate in an event with many other churches across Bristol, reaching out to our surrounding communities. Our two free activities enabled us to meet people who live near our premises, some of whom joined our successful Parent & Toddler group. The Trustees commissioned a firm of Surveyors to provide a report on the present condition of our premises. Fortunately, the cost of urgent work was paid for by specific gifts. Future reparations will be carried out similarly, as and when funds become available, ensuring our financial commitment to our primary purpose is not affected. |
Additional information (optional)
You may choose to include further statements where relevant about:
| SORP reference |
||
|---|---|---|
| Achievements against objectives set | Para 1.41 | N/A |
| Performance of fundraising activities against objectives set |
Para 1.41 | Following Biblical principles, the charity donates > 10% of it's income to worthy external causes. The charity has reached all objectives set in the year. |
| Investment performance against objectives |
Para 1.41 | N/A |
| Other | N/A |
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Financial Review
| SORP reference |
e | ||
|---|---|---|---|
| Review of the charity’s fnancial position at the end of the period |
Para 1.21 | Although the charity has made a loss in the year, this was expected and in line with expectations due to the building survey and no Gift aid claimed in the year. |
|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | 3 months reserves are held | |
| Amount of reserves held | Para 1.22 | £20,000 | |
| Reasons for holding zero reserves | Para 1.22 | N/A | |
| Details of fund materially in defcit | Para 1.24 | N/A | |
| Explanation of any uncertainties about the charity continuing as a goingconcern |
Para 1.23 | The charity continues to be a going concern. The Treasurer, a chartered accountant, keeps an eye on the financial position and updates the Trust board on a monthly basis. The charity has regular income from members and as proven during Covid, can flex it's outgoings to compensate if incom ~~decreases.~~ |
Additional information (optional)
You may choose to include further statements where relevant about:
| SORP reference |
||
|---|---|---|
| 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 | Although COVID reduced attendance at Church and the recovery on member attendance has been slower than anticipated, our income is mostly given by bank transfer. This, plus gift aid, covers our running costs and therefore the risk profile remains low. |
| Other |
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Structure, Governance and Management
| Description of charity’s trusts: | SORP reference |
|
|---|---|---|
| Type of governing document (trust deed,royal charter) |
Para 1.25 | Charitable Trust |
| How is the charity constituted? (e.gunincorporated 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 | Trustees are appointed by a unanimous or majority vote of the trust board following recruitment of suitable candidates which includes consulting with our Church Elders. |
Additional information (optional)
You may choose to include further statements where relevant about:
| SORP reference |
||
|---|---|---|
| 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 charityworks |
Para 1.51 | Evangelical Alliance |
| Relationship with any related parties | Para 1.51 | N/A |
| Other | N/A |
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Reference and Administrative details
| Charity name | Cornerstone Church Bristol |
|---|---|
| Other name the charity uses | Cornerstone Ministries |
| Registered charity number | 1038963 |
| Charity’s principal address | Christchurch Redland Road Bristol BS6 6AG |
Names of the charity trustees who manage the charity
| Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee(if any) |
|---|---|---|---|
| Laurence Sampson | 14/06/2023 - current | ||
| Eliot Warr | Treasurer | ||
| Timothy Woodford | Chair | ||
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Reference and Administrative details (cont)
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 |
|
|---|---|---|
| N/A | ||
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Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
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
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Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
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Signature(s)
Full name(s) Timothy Gordon Woodford
Position (eg Secretary, Chair of Trustees
Chair, etc)
Date 23rd September 2023
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Charity Accounts templates – Trustees’ annual report for the period
October 2016
Cornerstone Church Bristol
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1038963
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Receipts and payments accounts
CC16a
For the period 1/1/2022 12/31/2022 To from Unrestricted Endowment Restricted funds Total funds Last year funds funds to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
Section A Receipts and payments
A1 Receipts
| A1 Receipts | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Offerings (inc Specials) (Gift aid avail) | - | 76,110- | - | -- | - | -- | - | 76,110- | - | 64,873- | ||||||||||
| Offerings (inc Specials) (Non- Gift aid) | - | 2,848- | - | -- | - | -- | - | 2,848- | - | -- | ||||||||||
| Restricted fund offerings | - | -- | - | 2,745- | - | -- | - | 2,745- | - | -- | ||||||||||
| Church room hire | - | 230- | - | -- | - | -- | - | 230- | - | 50- | ||||||||||
| Misc. Income | - | 264- | - | -- | - | -- | - | 264- | - | 3,535- | ||||||||||
| - | -- | - | -- | - | -- | - | -- | - | -- | |||||||||||
| - | -- | - | -- | - | -- | - | -- | - | -- | |||||||||||
| - | -- | - | -- | - | -- | - | -- | - | -- | |||||||||||
| - | 79,452- | - | 2,745- | - | -- | - | 82,197- | - | 68,458- | |||||||||||
| Sub total(Gross income for AR) |
| Sub total(Gro | ss income for AR) | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A2 Asset and investment sales, | |||||||||||||||||||||
| (see table). | |||||||||||||||||||||
| - | -- | - | -- | - | -- | - | -- | ||||||||||||||
| - | -- | - | -- | - | -- | - | -- | - | -- | ||||||||||||
| Sub total | - | -- | - | -- | - | -- | - | -- | - | -- | |||||||||||
| **Total receipts ** | - | 79,452- | - | 2,745- | - | -- | - | 82,197- | - | 68,458- |
| **Total receipts ** | - | 79,452- | - | 2,745- | - | -- | - | 82,197- | - | 68,458- | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A3 Payments | |||||||||||||||||||||
| Ministry salaries | - | 51,095- | - | -- | - | -- | - | 51,095- | - | 49,396- | |||||||||||
| Acts of Kindness | - | 3,248- | - | -- | - | -- | - | 3,248- | - | 5,170- | |||||||||||
| Mission work | - | 4,826- | - | -- | - | -- | - | 4,826- | - | 2,518- | |||||||||||
| Maintenance work | - | 7,265- | - | -- | - | -- | - | 7,265- | - | 5,043- |
CCXX R1 accounts (SS)
10/31/2023
1
| Insurance | - | 9,295- | - | -- | - | -- | - | 9,295- | - | 8,653- | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Resources for childrens church, youth & | ||||||||||||||||||||
| students | - | 4,619- | - | -- | - | -- | - | 4,619- | - | 3,491- | ||||||||||
| Website & equipment costs | - | 3,592- | - | -- | - | -- | - | 3,592- | - | -- | ||||||||||
| Licence (CCPAS) & Professional fees | - | 1,198- | - | -- | - | -- | - | 1,198- | - | 1,020- | ||||||||||
| General overheads | - | 7,473- | - | -- | - | -- | - | 7,473- | - | 8,563- | ||||||||||
| **Sub total ** | - | 92,611- | - | -- | - | -- | - | 92,611- | - | 83,854- |
| A4 Asset and investment | ||||||||||||||||||||
| purchases, (see table) | ||||||||||||||||||||
| - | -- | - | -- | - | -- | - | -- | |||||||||||||
| - | -- | - | -- | - | -- | - | -- | |||||||||||||
| **Sub total ** | - | -- | - | -- | - | -- | - | -- | ||||||||||||
| **Total payments ** | - | 92,611- | - | -- | - | -- | - | 92,611- | - | 83,854- | ||||||||||
| **Net of receipts/(payments) ** | - | 13,159- | - | 2,745- | - | -- | - | 10,414- | - | 15,396- | ||||||||||
| A5 Transfers between funds | - | -- | - | -- | - | -- | - | -- | - | -- | ||||||||||
| A6 Cash funds last year end | - | 35,582- | - | -- | - | -- | - | 35,582- | - | 50,978- | ||||||||||
| **Cash funds this year end ** | - | 22,423- | - | 2,745- | - | -- | - | 25,168- | - | 35,582- | ||||||||||
Section B Statement of assets and liabilities at the end of the period
| Unrestricted | Restricted funds | Restricted funds | Endowment | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Categories | Details | funds | funds | ||||||||||||
| to nearest £ | to nearest £ | to nearest £ | |||||||||||||
| B1 | Cash | funds | Bank | - 23,224- |
- | 445- | - | -- | |||||||
| Cash | - 1,500- |
- | -- | - | -- | ||||||||||
| - -- |
- | -- | - | -- | |||||||||||
| Total cash funds | - 24,724- |
- | 445- | - | -- | ||||||||||
| (agree balances with receipts and payments account (s)) |
Agreement Error | Agreement Error | OK | ||||||||||||
| Unrestricted | Restricted funds | Endowment | |||||||||||||
| funds | funds |
CCXX R2 accounts (SS)
10/31/2023
2
| B2 Other monetary assets B3 Investment assets B4 Assets retained for the charity’s own use |
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CCXX R3 accounts (SS)
10/31/2023
3
| B5 Liabilities Signed by one or two trustees on behalf of all the trustees |
Details Signature |
Fund to which liability relates Amount due (optional) - -- - -- - -- - -- - -- Print Name |
When due (optional) |
|---|---|---|---|
| Date of approval | |||
CCXX R4 accounts (SS)
10/31/2023
4
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ members of
Charity Name
Cornerstone Ministries Trust (Cornerstone Church Bristol)
On accounts for the year ended
31[st] December, 2022
Charity no (if any)
1038963
Set out on pages
(remember to include the page numbers of additional sheets)
Responsibilities and basis of report
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2022
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
-
the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. * Please delete the words in the brackets if they do not apply.
Signed:
J R Eke
Date:
24[th] October, 2023
Name:
John Robert Eke
Relevant professional qualification(s) or body (if any):
October 2018
1
IER
Fellow of the Association of Charity Independent Examiners
Address:
Soarview, 4 Stable Court
Malborough
Devon TQ7 3FB
Section B Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
October 2018
2
IER