**Report from the Trustees for the year ended 30[th] November 2023** 

This is a report on the workings of CBT for the financial year to the end of November 2023. 

The Cornerstone Building Trust was formed in November 1997 to “provide and maintain premises for Christian worship and the associated activities of Christian teaching and to nurture activities compatible with these objectives”. 

The CBT Trustees look after the buildings to allow the FOL Trustees to do the work of mission and ministry. 

The church acquired the bungalow and next-door garage in August 2000 with a view to converting the garage into a worship building; The **Well** was opened in October 2004 for the congregation of the Fountain of Life Church to use. The **Bungalow** was also refurbished and is now used by First Steps Preschool and Noah’s Ark during the week, as well as by children’s and youth groups on Sundays. In November 2012 there was a further donation that allowed the church to acquire the **Stables** for office accommodation, as a meeting place and prayer space as well as a residence for staff and interns. 

Detailed accounts for the year to the end of November 2023 are sent to the Charity Commission along with this report, detailing the breakdown of costs of running the Well and the Bungalow, and also the Stables. The accounts are approved by the Trustees at a regular meeting after they have been audited by our accountants, Lovewell Blake in Norwich. 

For the period to end of November 2023 our Gross income from Voluntary Donations, Gift Aid and use of premises was £ **27,116** . Total expenditure was £ **46,791** , leaving a net deficit of £ **19,675** . 

- Income is typically from the regular payments from FOL, along with payments from First Steps and Kidz Klub for the use of the buildings. Last year our income was substantially boosted by a donation in someone’s will which allowed us to pay off our mortgage. It would be a wonderful encouragement for us all if this is something you have planned to do – and if so, thank you in advance. 

- Expenditure this year was higher than normal: we have had external contractors in to resurface the front driveway (£3500) and reroof the bungalow (almost £9000) and part of the Stables (£1200) as well as there being significant cost of living increases such as for electricity and oil. All of these have caused us to use up a lot of our reserve savings. 



- The cost of almost £3,000 on a new oven for the Well kitchen was however paid for by a very generous donation for which we are very grateful. 

- To help plan for future expenditure we have a proposed schedule of works that covers the next two years. Thank you, John, for developing this. 

Special thanks are due to the trustees (and others) who give up their time and energy doing the work that we discuss at our meetings; there is a significant cost saving when we do work ourselves, rather than asking external contractors to come in. There are plans to have work parties over the coming months help with decoration and general maintenance if any of the congregation want to help. 

The CBT Trustees are also very grateful to those of you who continue to give financially; several donors have been committed to monthly giving ever since the start of the building project 24 years ago. As well as the income we receive for rent, these donations remain a significant income stream to help maintain the buildings and fund future projects. Thank you to all of you. If you would like to consider a one-off or regular giving to the work of CBT please get in touch with the Treasurer. 

Approved by the trustees. 

Signed: ……………………………………… 

Rev Paul Wilkinson, Chairman                                                              April 2024 



Report and Accounts forthe Year Ended 30th November 2023
Trustees.
Rev. PF Wilkinson- Chaim)an
Mr5 R Bane- Secretsry
Dr SM ca￿OI1- Treasurer
Mrj Coe
Mr A Lowles
MrT Marbn
MrJR Watts
Mr J Welch
Registered Number-
1066381
Addre55-
43 Cressingham Road. Ashill. ThetFord. NorfolK IP25 7t
Independent Examiner-
Matthew S￿rMan
Bankers-
Barclays Bank Pk. Swaftham. Norfolk
Purpose of Trust-
To provide and maintain prerrI￿5 ftjr Christian worship and a550ciated
actiwties. Christian teachin& nurture and any activtties compatible with the
foregoing objectÉve5.
Investment Power5.
The trustees may invest funds not immediatety required in the namè of
any clearing bank and any trust corporatiorb or any stockbroking company
which is a member of the Stock Exchange lor any subsidiary company) as
nominee for the trustees.

CoRNE￿oNE BUILDING TRU5[
Independent examirter's report to the trustees of Comerstone Bulldlng Trust
I report to the trustees on my exarnination of the ottounts of Cornerstone Building Trust
(the Trust} for the year ended 30 November 2023.
Responsibilities and b￿5 of report
As the charty trustees of the Trust you are responsible forthe preparation of the
accounts in accordance with the requirements of the Charities Art 2011 {"the Art").
I report in respett of my examination of the Trust's accounts carried out under settion
145 of the 2011 Act and in carrying out my examination I have folbwed all the applicable
Directions gNen by the Charity Commission under section 14515}(b) of the Act.
Indeprendent examinerfs statement
I have completed my examination. I confimi that tK) material matters have come to my
attention in connection with the examination giving me cause to believe that in any
material respect:
accounting records were not kept in re5pert of the Trust as required by section
130 of theAct; or
the accounts do not accord wtth those records: or
the accounts do not comply with the applicable requirements concering the form
and content of accounts set out in the Charitses {Accounts and Reports}
Regulations 2008 otherthan any requirement that the aCCDunts gt¥e a ￿Ye and
fair view, which is not a matter considered as part of an independent examination.
I have no concerns and have corne acr055 no other matters in connection wlth the examination
to which attention should be drawn in thi5 report in order to enable a proper understandiTrg
of the accounts to be reached.
Matthew Sturman
FCCA
1S-Apr-24

Statement of Accounts
Income and Expenditure forthe year endÈd 30th N¢vember 2023
Note
2023
2022
Income
Volunt3ry income- donations and tax recovery
Other income re￿ived
Income from use Df property
Interest received
2,530
4.414
19.140
78
27,741
2.056
19.290
Total Ina)mir>g Resources
26.162
49,092
Outgoing resour
Charitable Actsvittes
Premises costs
The Well
The Stables
34,0701
16,9391
141,0091
{26,5851
19,5701
136,1561
Finan￿ Charges- Interest {mortgage account)
15481
Depreciation on Equipmènt @ 20%
11,609J
12,0121
Total Outyoing resources
142,6181
138,7161
Net I￿oming110Utg0I￿j Re5(wr￿fOrthe Year
16.4561
10.377
Unrestrirted Fund at tst December 2022
1.035,624
1,025.247
Unrestrlrted Fund at 30th Novemb￿ 2023
1.019.168
1.035 624
Debtor b/f
Dec-22
JèrF23
Fel￿23
Mar-23
Apr-23
May-23
Jun-23
Jul-23
A%Jg-23
Sep23
Ott-23
Nov-23
-562.
74.33 1265.00
o.c￿> 1265.(KI
2076.24 1265.(K>
o.tKI 2585.(KJ
0.￿ 1265.(M)
0.[￿ 1265.00
0.0) 2585.1)O
O.(M) 1265.1)0
0.￿ 1265.
1265.
230.C
3.60
190.(KJ
210.00
190.(K)
210.
2(X).00
2(M).(Kl
24.24
35.02
190.IXJ
15.29
210.00
200.00
0.￿ 1265.00
2825.(X) 2585.00
Total
2530.OQ
4413.57 19140.00
78.15

Fixed assÈts
land and &Jtlthngs
Furnitijre and Equiprnent
994.943
8.047
6.437
i.rxtiJ80
LLXJ2,990
Current assets
Debtofs and prepayments
Baknces at bank
562
28.216
13.931
13.931
28.778
Current lialmlities
OthercreditOF5
loans, mortgy l<lyr}
Longterm liabilites
Mortgage>l year '
i.0￿￿11
L031.767
itsl and Reserve5
ReseNes blfv
Profitl1105sI For￿ year
1.031.767
116,4561
1x115311
1.021,390
10,377
IA131.767
I 5

l. AccouBtsng Policies.
These accounts have been prepared uTrderthe hE$￿IC w5tconveTrtion and in
accordance with applicable standards and the Recommeftded Practi
on Accounting byCharibÈL
2. Premises Costs-
2023
Well
2022
Stab1È5
Well
FleatinyJLthtirfwrfim licen
I3￿36.47
3.21831
4.949.48
6,347.01
Water Cha￿septi[ tapk
867.Crf)
267
516.(H)
Insurdnce
2.796.74
2,393.77
Rep31rs and Se￿i￿nE
14262.32
1.501.66
15233.93
2N38.40
Telephonp
737.12
451.43
138.55
CleanIn￿${Mdry c￿5￿
878.92
Caretaking
1,708.
1.240.(K)
130.(X)
General rate5
1352.41
1,295.25
F￿rnyt￿re3E9ulPrneTrVCJrpets &c
Mow paymÈrt5
1.049.84
34.W&57
93938
26.339.73
10.855.61
3. Property.
Cost i.Dec.22
Add￿¢￿ts in year
994.943A
994,943.
99&,943.(￿)
Fumitwe a￿1 EquipnRnt-
Cott i￿er.2?
Additiors inyear
51.61&19
48,464.￿j
3.15159
51.616.19
51,616.19
Depreclation l-DLf-22
Depreciation inyear
43.569.62
1,609.C¢)
41.557.98
2,011.64
45,17&62
43569.62
6.437.IK)
8,046.57

otssto thè Fiftantial Slaternentslor Year Ended 30 November 20231coA*inued)
5. Debtors
Tax Refund due on Glft Aid donations
Prepayments
561.60
561.60
6. Balances in bank on 31Mo¥-2023
Current alc
Saver alc
Totsl
8.149.14
5.781.81
13.930.95
8,748.42
19.467.76
28,216.18
Mortgage a/c
7. Creditors
Premises ci)sts
Accrued interest

Report and Accounts forthe Year Ended 30th November 2023
Trustees.
Rev. PF Wilkinson- Chaim)an
Mr5 R Bane- Secretsry
Dr SM ca￿OI1- Treasurer
Mrj Coe
Mr A Lowles
MrT Marbn
MrJR Watts
Mr J Welch
Registered Number-
1066381
Addre55-
43 Cressingham Road. Ashill. ThetFord. NorfolK IP25 7t
Independent Examiner-
Matthew S￿rMan
Bankers-
Barclays Bank Pk. Swaftham. Norfolk
Purpose of Trust-
To provide and maintain prerrI￿5 ftjr Christian worship and a550ciated
actiwties. Christian teachin& nurture and any activtties compatible with the
foregoing objectÉve5.
Investment Power5.
The trustees may invest funds not immediatety required in the namè of
any clearing bank and any trust corporatiorb or any stockbroking company
which is a member of the Stock Exchange lor any subsidiary company) as
nominee for the trustees.

CoRNE￿oNE BUILDING TRU5[
Independent examirter's report to the trustees of Comerstone Bulldlng Trust
I report to the trustees on my exarnination of the ottounts of Cornerstone Building Trust
(the Trust} for the year ended 30 November 2023.
Responsibilities and b￿5 of report
As the charty trustees of the Trust you are responsible forthe preparation of the
accounts in accordance with the requirements of the Charities Art 2011 {"the Art").
I report in respett of my examination of the Trust's accounts carried out under settion
145 of the 2011 Act and in carrying out my examination I have folbwed all the applicable
Directions gNen by the Charity Commission under section 14515}(b) of the Act.
Indeprendent examinerfs statement
I have completed my examination. I confimi that tK) material matters have come to my
attention in connection with the examination giving me cause to believe that in any
material respect:
accounting records were not kept in re5pert of the Trust as required by section
130 of theAct; or
the accounts do not accord wtth those records: or
the accounts do not comply with the applicable requirements concering the form
and content of accounts set out in the Charitses {Accounts and Reports}
Regulations 2008 otherthan any requirement that the aCCDunts gt¥e a ￿Ye and
fair view, which is not a matter considered as part of an independent examination.
I have no concerns and have corne acr055 no other matters in connection wlth the examination
to which attention should be drawn in thi5 report in order to enable a proper understandiTrg
of the accounts to be reached.
Matthew Sturman
FCCA
1S-Apr-24

Statement of Accounts
Income and Expenditure forthe year endÈd 30th N¢vember 2023
Note
2023
2022
Income
Volunt3ry income- donations and tax recovery
Other income re￿ived
Income from use Df property
Interest received
2,530
4.414
19.140
78
27,741
2.056
19.290
Total Ina)mir>g Resources
26.162
49,092
Outgoing resour
Charitable Actsvittes
Premises costs
The Well
The Stables
34,0701
16,9391
141,0091
{26,5851
19,5701
136,1561
Finan￿ Charges- Interest {mortgage account)
15481
Depreciation on Equipmènt @ 20%
11,609J
12,0121
Total Outyoing resources
142,6181
138,7161
Net I￿oming110Utg0I￿j Re5(wr￿fOrthe Year
16.4561
10.377
Unrestrirted Fund at tst December 2022
1.035,624
1,025.247
Unrestrlrted Fund at 30th Novemb￿ 2023
1.019.168
1.035 624
Debtor b/f
Dec-22
JèrF23
Fel￿23
Mar-23
Apr-23
May-23
Jun-23
Jul-23
A%Jg-23
Sep23
Ott-23
Nov-23
-562.
74.33 1265.00
o.c￿> 1265.(KI
2076.24 1265.(K>
o.tKI 2585.(KJ
0.￿ 1265.(M)
0.[￿ 1265.00
0.0) 2585.1)O
O.(M) 1265.1)0
0.￿ 1265.
1265.
230.C
3.60
190.(KJ
210.00
190.(K)
210.
2(X).00
2(M).(Kl
24.24
35.02
190.IXJ
15.29
210.00
200.00
0.￿ 1265.00
2825.(X) 2585.00
Total
2530.OQ
4413.57 19140.00
78.15

Fixed assÈts
land and &Jtlthngs
Furnitijre and Equiprnent
994.943
8.047
6.437
i.rxtiJ80
LLXJ2,990
Current assets
Debtofs and prepayments
Baknces at bank
562
28.216
13.931
13.931
28.778
Current lialmlities
OthercreditOF5
loans, mortgy l<lyr}
Longterm liabilites
Mortgage>l year '
i.0￿￿11
L031.767
itsl and Reserve5
ReseNes blfv
Profitl1105sI For￿ year
1.031.767
116,4561
1x115311
1.021,390
10,377
IA131.767
I 5

l. AccouBtsng Policies.
These accounts have been prepared uTrderthe hE$￿IC w5tconveTrtion and in
accordance with applicable standards and the Recommeftded Practi
on Accounting byCharibÈL
2. Premises Costs-
2023
Well
2022
Stab1È5
Well
FleatinyJLthtirfwrfim licen
I3￿36.47
3.21831
4.949.48
6,347.01
Water Cha￿septi[ tapk
867.Crf)
267
516.(H)
Insurdnce
2.796.74
2,393.77
Rep31rs and Se￿i￿nE
14262.32
1.501.66
15233.93
2N38.40
Telephonp
737.12
451.43
138.55
CleanIn￿${Mdry c￿5￿
878.92
Caretaking
1,708.
1.240.(K)
130.(X)
General rate5
1352.41
1,295.25
F￿rnyt￿re3E9ulPrneTrVCJrpets &c
Mow paymÈrt5
1.049.84
34.W&57
93938
26.339.73
10.855.61
3. Property.
Cost i.Dec.22
Add￿¢￿ts in year
994.943A
994,943.
99&,943.(￿)
Fumitwe a￿1 EquipnRnt-
Cott i￿er.2?
Additiors inyear
51.61&19
48,464.￿j
3.15159
51.616.19
51,616.19
Depreclation l-DLf-22
Depreciation inyear
43.569.62
1,609.C¢)
41.557.98
2,011.64
45,17&62
43569.62
6.437.IK)
8,046.57

otssto thè Fiftantial Slaternentslor Year Ended 30 November 20231coA*inued)
5. Debtors
Tax Refund due on Glft Aid donations
Prepayments
561.60
561.60
6. Balances in bank on 31Mo¥-2023
Current alc
Saver alc
Totsl
8.149.14
5.781.81
13.930.95
8,748.42
19.467.76
28,216.18
Mortgage a/c
7. Creditors
Premises ci)sts
Accrued interest