## **Report and Accounts for the Year Ended 30th November 2025**
## **Trustees -**
Rev. PF Wilkinson - Chairman Mrs R Bane - Secretary Dr SM Carroll - Treasurer Mr J Coe Mr A Lowles Mr T Martin Mr JR Watts Mr J Welch
## **Registered Number** - 1066381
**Address** - 43 Cressingham Road, Ashill, Thetford, Norfolk, IP25 7DG
## **Independent Examiner** -
Matthew Sturman Lovewell Blake LLP Bankside 300, Peachman Way, Broadland Business Park, Norwich, NR7 0LB
**Bankers** - Barclays Bank Plc, Swaffham, Norfolk
**Purpose of Trust** - To provide and maintain premises for Christian worship and associated activities, Christian teaching, nurture and any activities compatible with the foregoing objectives. **Investment Powers** - The trustees may invest funds not immediately required in the name of any clearing bank and any trust corporation or any stockbroking company which is a member of the Stock Exchange (or any subsidiary company) as nominee for the trustees.
## **Independent examiner's report to the trustees of Cornerstone Building Trust**
I report to the trustees on my examination of the accounts of Cornerstone Building Trust (the Trust) for the year ended 30 November 2025.
## **Responsibilities and basis of report**
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 all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Indeprendent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
- 2 the accounts do not accord with those records; or
- 3 the accounts do not comply with the applicable requirements concering the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Matthew Sturman FCCA 08-Apr-26
## **Statement of Accounts**
|**Income and Expenditure for the year ended 30th November 2025**
Note
**2025**
**£**
**Income**
Voluntary income - donations and tax recovery
**a**
3,515
Other income received
**b**
2,097
Income from use of property
**c**
20,585
Rental income for Stables/Income from use of property
**d**
5,200
Interest received
**e**
179
**Total Incoming Resources**
31,577
**Outgoing resources**
**Charitable Activities**
Premises costs
The Well
**2**
(18,259)
The Stables
**2**
(7,719)
(25,978)
Finance Charges - Interest (mortgage account)
-
Depreciation on Equipment @ 20%
(1,482)
**Total Outgoing resources**
(27,460)
**Net Incoming/(Outgoing) Resources for the Year**
4,117
**Unrestricted Fund at 1st December 2024**
1,020,177
**Unrestricted Fund at 30th November 2025**
**1,024,294**|**2024**
**£**
2,890
1,957
20,290
3,010
82
28,228
(14,720)
(6,789)
(21,509)
-
(1,853)
(23,362)
4,866
1,015,311
**1,020,177**|
|---|---|
|**Notes:**
Dec-24
Jan-25
Feb-25
Mar-25
Apr-25
May-25
Jun-25
Jul-25
Aug-25
Sep-25
Oct-25
Nov-25
Total|**a**
**b**
**c**
**d**
**e**
210.00
0.00
1415.00
400.00
27.30
190.00
1336.82
3110.00
400.00
0.00
180.00
0.00
1265.00
400.00
0.00
1425.00
246.08
1360.00
800.00
45.97
190.00
514.30
1340.00
400.00
0.00
190.00
0.00
2660.00
400.00
0.00
190.00
0.00
1265.00
400.00
47.45
190.00
0.00
1490.00
400.00
0.00
180.00
0.00
1265.00
400.00
0.00
200.00
0.00
1340.00
400.00
58.72
190.00
0.00
2810.00
400.00
0.00
180.00
0.00
1265.00
400.00
0.00
3515.00
2097.20
20585.00
5200.00
179.44|
|---|---|
|**BALANCE SHEET AS AT 30 NOVEMBER 2025**
**2025**
**_Note_**
**£**
**£**
Fixed assets
Land and Buildings
**3**
994,943
Furniture and Equipment
**4**
5,927
1,000,870
Current assets
Debtors and prepayments
**5**
-
Balances at bank
**6**
23,424
23,424
Current liabilities
Other creditors
**7**
-
Loans, mortgages (<1yr)
**6**
-
-
Long term liabilites
Mortgage >1 year
**6**
-
**Total assets less current liabilities**
**1,024,294**
Capital and Reserves
Reserves b/fwd
1,020,177
Profit / (loss) for the year
4,117
**Reserves c/fwd**
**1,024,294**|**£**
**£**
994,943
7,409
1,002,352
-
17,825
17,825
-
-
-
-
-
**1,020,177**
1,015,311
4,866
**1,020,177**
**2024**|
|---|---|
## **Notes to the Financial Statements for the Year Ended 30 November 2025**
## **1. Accounting Policies** -
These accounts have been prepared under the historic cost convention and in accordance with applicable accounting standards and the Recommended Practice on Accounting by Charities.
## **2. Premises Costs -**
|**2025**
**Well**
**£**
Heating/Lighting/wifi/TV licence
7,463.08
Water charges/septic tank
849.88
Insurance
3,357.19
Repairs and Servicing
3,596.29
Telephone
981.82
Cleaning/sundry costs
973.32
Caretaking
1,037.00
General rates
-
Furniture/Equipment/Carpets &c
-
Mortgage payments
-
18,258.58
**3. Property**-
Cost 1-Dec-24
Additions in year
**4. Furniture and Equipment**-
Cost 1-Dec-24
Additions in year
Depreciation 1-Dec-24
Depreciation in year|**2025**
**£**
994,943.00
-
994,943.00
**2025**
**£**
54,441.19
-
54,441.19
47,031.62
1,482.00
48,513.62
5,927.00|**2025**
**Stables**
**£**
4,910.28
471.00
-
535.02
-
-
-
1,483.74
319.00
-
7,719.04|**2024**
**Well**
**£**
5,746.27
1,022.00
2,952.56
2,317.06
853.32
734.26
1,095.00
-
-
-
14,720.47
**2024**
**£**
994,943.00
-
994,943.00
**2024**
**£**
51,616.19
2,825.00
54,441.19
45,178.62
1,853.00
47,031.62
7,409.00|**2024**
**Stables**
**£**
4,235.20
1,002.00
-
136.50
-
-
-
1,414.81
-
-
6,788.51|
|---|---|---|---|---|
|**Notes to the Financial Statements for Year Ended 30 November 2025 (continued)**
**2025**
**£**
5.**Debtors**
Tax Refund due on Gift Aid donations
-
Prepayments
-
-
6.**Balances in bank on 30-Nov-2025**
Current a/c
3,918.27
Saver a/c
19,506.17
Total
23,424.44
Mortgage a/c
-
7.**Creditors**
Premises costs
-
Accrued interest
-
-|**2024**
**£**
-
-
-
5,452.10
12,373.32
17,825.42
-
-
-
-|
|---|---|