Trustees. Annual Report for the period Ptrv)J eThJ dale From To 31 Section A Reference and administration details Registered chaTTty number (if any) 1n50254 Quary Hoh Street Headwsbn. Oxfo ,0X3￿T Names of the charity trustees who maroge the charlty P4Th of p•r6on lof body) •rrtIt￿d Anthony Teagle Chikodi Echeta TrL￿te Churth Merrkner5' Meeting Churth Members. Meeting Church Members. Meeting Trustee TnJstee Wale Atoyebi 10 11 12 13 14 15 16 17 18 19 20 Narr￿5 irf the trustees for the charity, rf any, (for example. any custodian trustees) Name Dales acl•d rf not for whole ear Names and addresses of advlsèts {Optitinal infomlation) of advlser AddrE55 Namè of chief e￿utiVe or names of senior stsff members (Opt￿1 intornm￿) Section B Structure. overnance and mana ement Oe5CriPtion of the charlty's tntsts lcon5t1tuti￿ 18 January 1994 ameThJed 1 Type of goveming do￿rnent 7 J .' Our Trustees a￿ appoinied at Churth mernbe￿, Meeiing Addltlonal gov•ma￿e issues (Optional inf0m￿tIOn> You rnay choose to include Jdrtional informabon. wl relevant, about policies and procedure5 Adoptod for the induction aTKI trainirrfJ of truslees: the char￿$ organlsational stwcture and any wthr network with which the c*wrty wofks; relationship with any rElated parties,. major risks and the system and wocedure5 to mar them. Section C Ob'ectives and activities . THE ADVANCEMENT OF THE CHRISTi4N RELIGION BY TrIE , PROCWTION AND FURTHERANCE OF THE GOSPEL OF JESUS CHRIST. Summary of the obiets of the charlty set out in tts gov¢ming documènt (excèpi fi￿1 Sijnday of Ihe monlFI we have all age Famrly Service). mic1-￿veek prayer me6btiiWS 8iKJ Bible sludres. satU￿aY youth q￿up and nionthty n￿bng5 Wrth itse eldety. Evangelistic aCtT¥rtl￿. promot￿ of CHURCH TRUSTEES I ComÈrstonè is1Ègalty ￿9￿tered as a chanty Every reg￿te￿a charlty . ' legally TEquired to have a board of trustees. The trustees are nor stspendiary We meet ffjularfy to appraise and rewew the lrfe of the churth to ensure Ihat the church is not only pursuing the purposes of ' Gcrfl bLrt also obsenring due dili9ence with rÈspe¢i to the eX[￿CtationS/reqUIrernents of the ChaTty Commission such 85 th* The charty is carying Olrt the purFrtw for whi¢h it is set up. and no Summary of the main activities undertaken for the public benefit in relation to thÈse objects (includé wiihiti thls se¢t5on the ststtrtory declaration that tru5tee5 have had regard to the guidance issued by the Charity Commission on public benefft) Charity funds are not SFtnt on the wrong purposes Ststutory accounting and rewrting requiretrents are n*t. The ass* of the thartty ate onty used to support or cary out rts ,' adMIn￿ra￿on team to er￿￿e that the church does the wofk of Gcrfd , obligations. The Trustoos aro grateffijl for the commi1m￿ and Support of pastor. thurch counal, the administralNe team and Ihe whole felltrwshp in passionately and effe￿ utyjertaknng the callirNJ of the church L We are extr￿ ttwikful to G¢yJ ft)r His great rrw ￿ tt* thurch memborship through the drffifwlt years of Cov1￿19 pandem￿. We are thankful that none of US lost their INes, and those who had the infecbon. Sotne dan9erously vèry w#)us. have all recovered We a￿ a150 very touched by the persevwance of many of our members in Praying for and | supportÈng one an0￿. and res£ienty uphoklÉrwJ the actsvtt*s of the l thurch even when we could not meet physjcally. You may choose to indude fvrther slalements, where relevart atx)ut policy on grantrnakiNJ: policy programme related contribution made by volunleer> Section D Achievements and perfomance Summary ofthe rnain achievements of the charity during thE year Sunday servÈce$, currenty limited to 30 people per meet[￿, arE very ,' with greater senstsvty and ￿￿nesS in worship (atthough line wilh thc.¢pvcmment guthlines. Children's minisby - A ￿ndty carng environffent where children enjoy art5 aTrJ f7afts, quiz sessior& and Bft>le lessons. Despite of the govemment restrictions on group rneets"ngs. TK has mana9ed to me¢t regularty online through Zoom Junior {Sunday) Youth -Tl* jun•Ot youth ￿rrenty comprise ch"Idren of school yea[5 7. 8 and g. It has been a mixed year with mainstroam $eNiC￿ moVY￿ from 50% to 75% attendance We have continued to meet at 3 00pm eath Sunday for an hour, via ZOOM. with a stable regular ￿endanc￿ of 5 _ 8 youth. The aim is to resu￿￿ iTrpeT50n meetings trom June 2022, initialty att￿na￿n9 with virtual meetings. Men's Breakfast- regularty reets ono a morrth. The m@n's mTnisty , ¢oniinues to bring men together in Comer5tone. The bond of fellowship rs ,, strong. kyoviding a setting for rrbccting tcoether tr a ts.rne otteachtng. 15harmg. ertouraging. praying arxl suppNbw each other. , Women of Valour- Corth"n(e to meet evwy * and 4° Saturdays of the month with Breakfast Feuowshp or prayw5. Women from other thurth , has joined this meets.ng occasionally. Th15 fTH• ￿ an iniportant avenue to hdp and support Feopk in neejj. leadlcoordinate MId￿eek payers (Ort￿ne durirg restridions). We . continue our twokhour bfrrTrrJrthly 8ible study 8rtd PQyer session to which evwyonè in church ts also encouraggj to tske part and benefil from. Section E Financial review Reser4E money will be used tor major church buihJing ppair5 arKI rnainterwice (roof. heating. ele¢Arical. etc.} Benevolence fund fDr SUPPOt1ing PÈOPle in serious financial difficutties on totally charTty basis. The Pastor and 2 LY 3 membèrs of church 5eaderthip apwove this. Brief statement of the harlty's policy on reserves Details of any funds m•t¢rialty in deficTt Further finan¢ial ￿leW detsHs (Optional infomiation) You may cho¢)se kn Ind￿￿e additional infomiation. relevant about the charity's prinupal SOurcÈs of funds (Indudirg any fundra15ing): how exp￿Id1tU￿ has supported the key ¢bJ"ectr¥es of the chanty: investment policy and objectives indudtng ary ethical investmeni pol Section F Other optional information Section G Declaration The trustees declaTE that they havÈ approvod the trustee5' report abov¢. Signed on bel￿ff of the charity's trusi Slgnatrr41s) Full name(s) ArrftK)ny Teagle Position (eg Secretary, Chair, l GhaT ## **Cornerstone Church Statement of Financial Position as at 31st March 2022** |Fixed Asset
Total Fixed Asset
Current Asset
Receivables
Gift Aid Receivable
Cash
Total Current Asset
Liabilities
Creditor: Mortgage
Net Asset
Funds
Unrestricted Funds
========
**Cornerstone Church**
**Statement of Financial Activities**
**As at 31st March 2022**
Income from Charitable Activities
Donation
Gift Aid
Others
Expenses on Charitable Activities
Church operating expense
Donations and contributions
Stipend and Payroll expense
Licences/Insurance/Pension
Interest expense
Subscription/membership/fees||**31 March 2022**
**31 March 2021**
365,683
365,926
365,683
365,926
0
2,041
41,473
58,024
69,524
31,882
110,997
91,947
14,888
33,896
96,109
58,051
461,792
423,977
==========================
======================
100,851
93,502
21,053
58,024
60
60| |---|---|---| |||| |||| |||| |||121,964
151,586| |||18,446
13,633
27,395
13,996
30,662
28,864
3,664
3,497
3,022
4,458
960
1,260| |||84,149
65,708| Independent examinerfs report on the accounts Section A Independent Examiftrer's R@pon Report to truste On accourts for tl* year Ènded 31 2022 Charity no (il any) 1050254 Set out on pages R¢s&*¢tlv• The charity's trustees are responAibte for tho prepllrdtlon of the accounts. responsibilitsès of Tr charity's tru*ee5 that an audit is not required ft)r this year trustaes and exam•n¢r under sectK)n 144 cf the Charilies A¢1 2011 (the CfAiities Act) and that an irKlependent eXarnwk￿10n is needed. It is my respornibdty to: •xamine the accourts under seclh)n 145 of the Charttles A to follow the wocedures la￿ down in the general Directions given by the Chafity Commlssion (under sectN)n 145(5)(b> of the Charlts'es ACL and Basis of Indèp•ndent My exJmsnatKJn was rarrteAI out in accordan￿ wth genwal tlir¢)ct50ns gtven examlnees st•1•n￿t Chanty Contrnission. An examination includes a review of tho accowrting reG¢rds kept by the charty a￿] a compaiison of thÈ a¢￿Ints pr•senled with those re¢￿th. 11 al￿ indudes con3thrthn uf any unusual items or disclosure5 in the accounls, and soeking expEanattons from the truslaw COfbC8ming any mattvs. The proce(lures Undertak￿ do not provide all •vidorbce that w