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2023-03-31-accounts

Trustees. Annual Report for the period P¢rKxl er)d d eJr From To .20> Section A Reference and administration details Other names charity 15 known by Registered charity number (rfany) 1050254 Charity's winclpal addrtts Comerstsne Christian Centre Quary Hyh Street Headirtyn. Oxrc￿d Postcode QX3 N4rne5 of the chaiity trustees vkno mJnage charity rrf any) tv aTroint trustggJrf an Church Members. Meeting Chu(d) Members, Meeb'ng Churth MÈmbers' M*in9 Anthony Teagle ChikC￿l Echeta Trustee Trustee Wale Atoyebi Trustee 10 12 13 14 15 16 17 18 19 20 Names ot the trustees for the charity. rf any. (for example. any custodian trustees) Name DatE5 aciEd rf not for whole year

Names and addre55e5 of adviseis (Oplional inforniation) of a¢fviser Address ame of chief •x•cutr¥e or names of senior staff memb8rs (Optional rnforrnation) Section B Structure. overnance and mana ement Description of th¢ charlty's trusts Con5titukn 18 January 1994 amended 13 Septemter 2(K)6 Type of govemiry document How the charity is consbtuted r Tntstees are apW1n￿ at Church Member5. Meets'ryd Additional govèrnance issues {Optional Information) You may choose to include addrtional information. whe relevant. ab¢M policies and procedure5 adopted for the inducb'on and training of trustees., Ihe chanty's organisational struclure and any WKler The￿ork wth which the tharrty atiortship wilh any related tru5tees' considwation of major nsks and the system and pr(￿edurES to fftartag• th8m. Section C Objectives and activities THE ADVANCEMENT OF THE CHRISTIAN RELIGION BY THE PROCLAMAnON AND FURTHERANCE OF THE GOSPEL OF JESUS CHRIST. Sumniary of the Obi￿ts of thè , ¢harlty set out in its goveming doGumént

(except Sunday of the rn￿ry1h we all age Fdmify se￿￿￿). mi&wcck praTrLw meetings and &ble stud6S. Saturday yotrth group and monttjty mèÉTlings wflh elde￿. Evaryeli5tic activitk5. pmmotron of CHURCH TRUSTEES cornerst￿ is legalty registered as a charty. Every regislered charity 15 alty requirod to have a ￿rd of trustees. The trustees are no stiFwidrary. We meet r￿ulartY to appoi5e and revRw the life of the thurch to )sure that the church 15 not onty pursuing the purposes of God but a150 observing due ¢lill￿nce wtth rc¥Ect to tho expectabonvjrequirements of the Chaiity Commission such as that The charity 15 caryng out the pur￿￿e8 for whKh il is sel up, and r other wrpose. Charty funds are not spent on the wrong WTposes. ststtrtory accounknJ and repoTts"ng requiroments are rw. The assets of the d￿rty are only used to support or carry out its Summary tsf the main activities undertaken for the public benefit in relation to these obj.ects linclude within this sèction th• statutory declaration that trusiees have had regard to the guidance issued by the Charity Comrnission on public benefit) We a¥E ever thankful to G(xl. ow heaventy Father for His great mervi on us. As part of His Churdi, the body of ¢hn5L we are beneficiwEs of His great bve and precious prom15e5 to partiu.pate in His divine nature and escape the ¢orrupbon of ihis worfd caused by evtl desires. As trustees we m to ensure that church provides the godty communty where We contrTbute to these goals by appratsiTrJ and reviewing the running of the church including membership. sabJuardtng issues. finances. assets, j &affi"ng etc. and en5unng that we remain focused on the calling of God ', for the church. and our responsibilities ttrwanls thè Charity Commission with which the church is registered. As evw, WÈ are thankful Pastix and ekjers. churth adrninistrator and treasurer. the Church Councyl ar￿ all the ministries in the church for 1heir corrtributions ttrwards the Same goal - tD grtY* in the knowledge of Christ and P￿ase God in all we do. to His glory.

Addttional d8tails of obi8Ctiv8s and ac11vil￿ {Optlonal information) You may choose to include relevant. about policy on grantrnaktry, poli¢y Fyogramme related Investment . conthl)ution maje by volunteers. Section D Achievements and performance Sunday se￿Ices. cu￿enty lim¥[￿ to 30 people per meebng. are very erthuraging wyth grea￿ sensitsvity and boldness in worship (although qLuody). prayer. testimony and teathirs. Summary ofthè main achièvèm•nts ol th• charity during thè year Comerstone's mÈnistr*S: ChildrEn's ministry - A fr￿ndty arKI caring erwironmont where chilthen enjoy their arts and crafts. quiz Séss￿ls and Bible IB550ns meeting. Junior (Sunday) Youth_ Th jlmior yojth rJJrrwUy comprise children of sch¢)ol years 7, 8 ar￿ 9. We vrfery Sunday (except 1" Sundays fthe rn￿th). Men's Breakfast- regularty meets orKe a monih. Th• mèn's fflini5try conts.nuas to bring men ttyether in Cornetstone The bond of lellow5hip is strong, prov￿rn9 a setting for meetsng tC9ether for a time of teaching. sharirKJ. èncouraging, waying aThJ alr[￿￿j to 5UPFK)rt each other. Women of Valour- Contrnue to rneet every V sa￿rdays of thè mot)th with Breakfast Fellowship or prayors. This ministy is an importsftt Prayèr Team- continues to in prarn and acbvety leadlcoordirth M￿weth payers (onlme during restrictions). We , conbnue our tIY¢Tr￿Ur bl￿￿nthty Bible study and prayer session to which everyone in church is also encoura9od to take part and bQ￿frt from. Young (PEn ￿ all young adults rn￿ting every SurKlay.

Section E Financial review Reserve morw WTII be used for major Church I￿lId1Th9 repairs and rnWntenan￿ Iroof, ￿ating, deGtrical, et¢.) Benevolen￿ fund for supporbng people in serious financial difficulbe5 on totally charrty basis. The Pastor and 2 or 3 member5 Ot church kndeT5hip approve this. Brief ststement of the charity's poli¢y oft r•s•rv•s Details of any funds materialty irb defi¢it Furthèr financial review detai15 Ioptional Inforn￿￿n) You may choose to indude additional information. where relevanl about.. the chanty'5 pnncipal sources of fund5 (mcludirw3 any fundraising): how expendthre ha5 supported the key objethves of the chanty; invèstmènt policy and objectives incjuding any ethical invesbment polKy adopted. Section F Other optional information Section G Declaration The trustecs declare that they have approved thè Irustees, report above. Signed on behalf of the charity'5 tru5tEes Signaturt(s) Full name(s) Antrbony Teag Posltion (eg SecrEiary, Chair. Chair ¢tc) r- 21101r2024

Cornerstone Church Statement of Financial Position as at 31st March 2023

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 2023
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 2023
31 March 2022
366,790
365,683
366,790
365,683
0
0
55,426
41,473
40,067
69,524
95,493
110,997
0
14,888
95,493
96,109
462,283
461,792
==========================
======================
71,462
100,851
13,953
21,053
64
60
85,479
121,964
26,440
18,446
21,399
27,395
32,207
30,662
3,402
3,664
0
3,022
1,539
960
84,987
84,149

Independent examinerfs report on the accounts S•ction A Independent Exaffliner 5 Report members of On accounts for the year en¢Jed 31 2023 Charity no frf any) 10502S4 Set out on pages responsibilitbes ol The chanty's trusiee5 ¢onskn that an a￿￿rt is not requtred fof year trustees and examingr under section 144 of the Chartties Aci 2011 (the Charities Acl> arKI thal an It is my io." examme Ihe accounts under Sect￿ 145 uf the Charrt￿5 Act, to follow the woceflures lax4 down in Ihe g￿ra1 ￿reCtionS givert by ihé Charty Commission (under secknn 145(5)(bl of the Charities ACL and Bas15 of independert Uy examination was carried ￿t in accordarKe Tmth gerwal Directions givert examiners statement ty the Charity Ct)mmission. An examinaiion indudes a review of the accOUntr￿ re¢ords kept by the charity and a comparison of the ac£ounts Fxesented wilh thoso records. It also includes consmaeration of any unusual items or d￿Ck>sU￿ in the a¢counts, and seeking explanab'ons froffl thè trustees concemiTrJ any su¢h maner5. The pr￿edures undertaken do not provMlo all the evidence that wcxJbJ be requir&1 m an aud￿ and COn5equ• no O￿nIOn i% giv￿ as to whether the accounts Fwent a In and f￿r. view arJ the report is kntied lo ttb)se matters set Olrt in the Indèpendent e￿￿nIn•￿S In witrt my ex¥ninx. ry maw W c(xne to my ￿tten￿n {othw than tg prÈpar¢ ¥cthnts whth ¥fflh the nwrds al￿ rX￿pIY underar#JxYJ of to rethd. Date: 21 Jartuary 2024 Nan: Addr•M: OX2 OLW IER arch 2012

Sectron B Disclosure Onty complete rf the examiner needs to h￿￿lIght matenal F￿b￿rn$. Gwve here brief details of any it¢m5 that the examiner wishes to dIsck￿. IER IAar¢h 2012