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2021-03-31-accounts

Trustees. Annual Report for the period From To Section A Reference and administration details Other nwnes charity is known by I Registered charity number (rf any)11050254 Charftys principal address I Comerstone Christian Centre | Quarry Hgh Streei | Headingtoft, Oxford | Postcode OX3 8JT Names of the charity tru5ttt5 who managè th• chariiv Trusto• n•n Anthony Teagle Chikc*Ji Echeta Truste4 Church Membors. Moeting Church Membefs, Meeting Church Membws, meets.ng Trustee Trustee Wale Atoyebi 10 11 12 13 14 15 16 17 18 19 20 Names ol the truslees for the charity. rf any, (Tor example. any ¢UStodlan trustett) '. Name Dates athd rf not for whole èar

l OrnraiTr activities a￿ Sunday Se￿￿eS. crtche and Sunday schoc ' (except fitst Sunday of the month whèm ￿ hav8 811 age Famify servi￿), m￿week prayer meehngs and studies. Saturday youih group arKI I CHURCH TRUSTEES ,, Comerstone is legalty registered as a charity. Every registefed ¢haftty is I legally Wulr￿ to have a board of trustees and we feel honoured to | serve in this non-StipeThliary capaoty lor Comer5tone Churth. Stjme of i expectations of the trustees of a charity are to ensure that The ¢harty 1$ ￿rryIng out Ihe purp05es lor which it is set up. and no other purpose. Chanty fuThts a￿ not on the wrong PUTFX)ses. SlatLrtory accountiry and rewting requwernents are meL Thè assèts of th• tharity arè used to 5UPP(¥t out it5 Summary ol the main activities undertaken for the publtc bÈnefrt In relation to We therefore work with the Pastor. Church Council and thurch these objects (include within i admini5tratii)n team to ensure that the church does the work of Go thi5 section the statutory declaration that trustees have ! effectsvely as Spirit enaLs us and also meet our slatutory had regard to the guidance issued by tho Charity Ccmnmissbon on publk benefrt) l The Twstees are gratehJl for the commrtment and 5UPPOrt of pasttx. ,' churth counul. the adrninthtive team arb3 ttle whole fellowship in passionately and effecbvety undertak"]ng the calling of the church tdh locally and further afield. as well as meeting our statLrtory Obl￿atiOns. The Trustees ￿ntinUeS to ￿UlartY revw AOG poficw aNI curreThl annual finaft¢ial Mntribub¢fi Church Safeguardirg wlicy and w<)cesses Reaching OLrt to the local communty on of whith is thro chr￿￿n Again Povety'5' Lrfe Sknll Course which we did another course sxtline. This is a piortriTrJ proj￿ in Oxfcsrd and we hope that other thurchegorganisations will ￿ able to replicate the same to serve people in our communities. Church finance5. accounts arKI other financial mattus Implications of general data wotection wulab'ons. I We are pleased to report excellent yogress in relation to the above" il ' continues to ￿ an hOn￿r to C(xrwstone Church.

Narnes and addresses of advisern {Optional information) of advlser Address ama of chièf •x•culiv• or names of senior staff members (Optional inf0m￿tk)n) Section B Structure, overnance and mana ement De5criplion of the charl￿5 trusts TypB of governww dDcument Tnjstee selection methc#ds l Our Trustees are appointed at Church ￿enkn￿. Meeting Additional gov0rnan￿ issues (Optional information) You may ¢h¢ose to indude addrtional infonnats'on. whefe relevant. about: . policies and procedures adopled for thé irbduction and training of trusiees. the Charitls OfgantS*ior41 stnjcture and any wider network with which the charity relationship with any related tru#eés' Co￿lder81￿)n of major fisks and tre system and procedures to manage them. Section C Ob'ectives and activities I TrlE ADVANCEMÈNT OF THE CHRISTIAN RELIGION BY THE PROCLAMATION AND FURThERANCE OF THE GOSPEL OF JESUS GHRIST. Summary of the objects of the charity out in its governing document

Additional d•tails of oWtsv•s and aclivitsts (Optional infon￿) You may choose to include hjrther statements. where relevanL a￿ut policy on grantmaking" poli¢y PfOgramm¢ related investment, ontribution made by VO￿nte￿3. Section D Achievements and performance Sunday Servi￿$, CU￿entty limrted lo 30 people per rTng. are very j encouraging greater styiybvity and bobJnes5 in wot5hip (allhough qU￿tlY>. wayer. ie5bmony and teaching. Summary of the main achievernents of the charity during the yèar | Fmm Awil 2021 s¢)me tl)8s• grnuw mé•t vithjaty f8(r￿￿ in ,' Jina with Ihe 9ovèmment gU￿lin&S. I ChildrEn's ministry - A frwidly and canng envrnnment where child enjoy ther art5 and c¥afts. quiz sessions and Bible lessons. Despite of | the government restrictions ￿ group Me￿ingS. TK has managed to rtwt ￿￿laty onlirr through Z(KXn | Junior (Sunday) Youth- The junN)r y￿th cornprise chikjren of school years 7. 8 and 9. This has been a year Irke rK> l)ther. During ' the earty part of the pandemic. similar to other regular church 8Clp4ities, junior youth temrrtyarily stopped. The need to restart Was soon evident, hen￿ the online approxh. ￿ meet each Sunday for an hour. via ZOOM. wilh a stable tegular attendan￿ of 7- 8 youth l Men'5 B￿akfaSt- regulatty meets On￿ a month. The men's mini5ty I continues to bring men togetsr in come￿t0￿. The bond of fellowship I strong. provKling a setting for meebng together for a time of teaching. I sharing: èncouraging. waying and SUFWrting 8ath othèr. As the l(Mdown eases graJually. we are aimitwJ to resume c>ur physical mtings without breaCh1￿j the govemment guidelines. | Womèn of Valour- Continua to T￿et every V and 4" Saturdays of the nKnth wsth ￿akfa¥ Felltrship or praye¢. Women from othef ¢hurth i has joined this meeb'ng occas￿nal￿. Thi5 Min￿ is an important avenue to help and 5UPWt people in rbEed. Meetirvj onkne urrtl

Section D Achievements and performance Prayer Team - co-,.Iip,ues to T,Ir.154er IT p.. ayer3 ap.d actively I l&idlcoorfInate mithieek payers (online during restriciions). We | continue our tw<khour b￿rnon￿lY Bible study and prayer session to which everyone in church is also encourage(I to take part and benefit from. I Pastoral Team Gonlwiuès to meet regulaty. This team aims to rt members ofthe con n and the wider commun Section E Financial review .' Reserve m¢XW will b• us•d for major thurch ￿lld1￿j rgpairs and Brief statefl)ent of the I mantenance (roof. heatrs. electrical. etc.) Benevolen¢e fund for charity's policy on Tesems I supwrttng people in serv)us financial diffKult5 on totalty thanty ba$is. .' Pastor and 2 or 3 member5 of thurch ler5hip approve this. Details of any funds mat•rially in deficit Furth8r financial rEview detai15 (Optional 5nfc*niatlon) You may choose to indLwJe addrtj'onal infomlation, whwe relevant aboul.. the charity's principal sources of fund5 (In¢l￿1n9 any fundraising): how expen(iÈture has supp¢)rted the W obiectr4Es of the charty., invesbrent polbry arKI obpctNes including afty ethlcal inve5trnefrt policy adoDted. Section F Other optional information Section G Declaration The trustees declare that they have approved the trustees, report above. Signed Oh b¢half of th• charity's trustees Full name(s):Anthory Teagle Position leg Secretary. Chair. | ch￿'r I2￿1r2022

Cornerstone Church Balance Sheet as of 31st March 2021

Fixed Assets
Receivables
Gift Aid Receivable
Cash
Total Asset
Mortgage
Total Liability
Equity (Schedule 1)
Total Liability and Equity
Cornerstone Church
Income and Expense
For the year ended 31st March
Income
Expense
Net Income
Schedule 1
Beginning Balance
Net Income
Ending Balance
31 March 2021
31 March 2020
365,926
366,273
2,041
2,041
58,024
31,882
23,223
457,873
391,537
33,896
53,438
33,896
53,438
423,977
338,099
457,873
391,537
Ending 31 March 2021
Ending 31 March 2020
151,586
99,502
65,708
80,296
2021
85,878
19,206
31 March 2021
31 March 2020
338,099
318,893
85,878
19,206
423,977
338,099
Detailed income and Expense
Income
Tithes/Offering
Tax Reclaim and gift aid
Others
Total Income
Expense
Church operating expense
Donations and contributions
Stipend and Payroll expense
Licences/Insurance/Pension
Interest expense
Subscription/membership/fees
Total Expense
31-Mar-21
31-Mar-20
93,502
99,436
58,024
0
60
66
151,586
99,502
13,633
18,097
13,996
19,888
28,864
31,920
3,497
2,975
4,458
5,821
1,260
1,595
65,708
80,296

Independent examinerfs report on the accounts sects.on A Indep•ndent Examiner's Report m•mt)•rs OT On accounts for the year ended 31 Marth 2021 Charity no11050254 (11 any) S•t out on pagos responsibilities of The chanty's trustees Cor￿Ider that ￿ audrt is not r•quir•d for this y•ar tr￿te•S and •xaminer WKler sedion 144 of ts charit￿ Act 2011 (ts Chants Act) and that an ép￿d•)1 examination is needed ft is my r•w)sibilty 10: examino th& affj)unts undor seC￿n 145 of the Chant>es ACL to follow the wocedures ta￿ dcn in the 9ewal Direction3 gNen by the Chanty Commtssion (urthr SeC￿n 14515)(b> of the Chantses Act. and Basis of independent My exarninatson was carrd wt In accordance TMth oenernl Directions given examinerfs statement Charty commissi￿ An examination includes a review of tr Fesented wrth those reconls. It al￿ includos Co￿ld•ratIon of any unusual it•ms or di￿￿￿ur•S in tha accounts, and séeking explanatiDns from thE truslfO•S conc4ffling ary suth matters. Th• prr)¢¢durE5 unrkrtaken do not ovKJe all the evKlen¢e that TOuld be required n an a￿jIt. arKI nsequerty no opmion 15 given as to whether the accounts present a 'ln and far. v￿W and the report B Iwnrted to those malt•rs s•t out Jn th• Ind•p•nd•nt •xarnin•rfs In COn￿tion wilh my eyWYwl￿. Fw> Iws ¢>Jne to my al￿1￿￿ (cthr Ih Acr • ave mer. I w wh¢h. in my wn1￿. auentsx ￿K￿ld ￿ dth¥n In •yOw k• Mat4• a mr . Please delete ts xxd¥ m brnckets rflbey M n¢Y Sign￿. I 23 ￿n￿ary 202 Name: l ACCA OX2 OLV IER March 2012

•ection B Disclosure Jnlv complete rf the examiner rwds to highlyht rTthial woblems. Give here brief dètails of I any items that the examiner wishe5 to disclose. IER Ma￿h 201&