St Michael's Cornerstone Trust (Company Limited by Guarantee) Report and Accounts 31 December 2021 Company Registration Number 4029533 Registered Charity Number 1085991 St Michael's Cornerstone Trust (Company Limited by Guarantee) Company Information DIRECTORS AND TRUSTEES Tony Solomon I Chair) Revd M Tumer I Vice Chairl Jane Thomas Revd James White (Pioneer Minister) Cllr Colin Hay Revd Ashley Collishaw Mary Hellyer Candace Plouffe Russell Johnston Secretary Russell Johnston {appointed 21 July 2021) Accountants SkyBridge Accounting Limited 3 Fairview Court Chellenham GL52 2EX COMPANY NUMBER 4029533 CHARITY NUMBER 1085991 REGISTERED OFFICE 1 Severn Road Chellenham Glos GL52 5QA St Michael's Cornerstone Trust (Company Limited by Guarantee) Directors' Report The directors and trustees present their report and accounts for the year ended 31 December 2021. The charity is constituted as a company limited by guarantee and is, therefore, governed by a memorandum and articles of association dated 16 May 1984. Trustees ## Objectives The objects of St Michael's Cornerstone Trust are to promote any charitable purpose for the benefit of the inhabitants of the Parish of St Michael and surrounding parishes of Cheltenham, and in particular, the relief of poverty, the advancement of education, the maintenance and improvement of public amenities and the provision of leisure facilities in the interest of social welfare. ## Vision, Mission and Values Founded on Christian principles, our Vision at St Michael's Cornerstone Trust is: _To see God's Love Transforming our Community._ Our Purpose is : _To Love and Serve our Community as Jesus Would._ ## Our Values At the Cornerstone Centre we aspire to live out _our_ values; _1. Integrity_ : To act in an honest and open way, treating each other with dignity and respect. _2. Inclusive_ : To be open to all, accepting individuals as they are and providing a safe non judgemental environment. _3. Reliable_ : To be dependable and always seeking to do what we say we will do. _4. Compassionate_ : To care, paying attention, listening with an open mind and offering empathetic support. _5. Joy in Service_ : To be warm, generous, friendly and cheerful. _6. Impactful:_ To make a positive difference working alongside individuals and our community. ## Cornerstone Centre Cornerstone Centre is a vibrant community hub which is run by the community for the community. We aim to provide a safe place to be, to make friends and learn new skills. We are open to everyone and have a particular focus on reaching vulnerable people on the margins of society; the elderly, socially isolated, and those with additional physical and mental health needs. We promote education and skills ranging from babies in the allimportant early years, children at after-school club, crafts and knitting. We believe that local people are the experts on their communities. We draw on their voices, knowledge and support to understand the key issues impacting the local community, and identify community strengths and assets that can be supported through future investment. ## Example Outcomes _The elderly:_ reduced isolation through Café, Soup Lunch, Prize Bingo and other activities. Improved physical and mental health through advice, healthy food, fitness, access to financial support. _Children and Young People_ : early years education - social skills, learning through play and music; School children engaging with education through homework club; Young people accessing leisure and holiday activities; Grant support reducing child poverty; Less crime and antisocial behaviour - positive activities and sense of community. _People with a disability_ : accessible educational and social activities; reduced isolation through engagement with disability specific and general activities; reduced mental health issues as a result; increased self-confidence, social skills and self-worth through volunteering; improved employment skills and physical fitness leading to better health and mental health. _Families:_ Working age adults gaining employment skills through educational opportunities. Access to affordable clothing and other essentials through the charity shop and grant support for financial need. ## Review of 2021 The pandemic continued to create a number of challenges as well as some new opportunities. During the first three months of the year we continued with a number of online activities including regular coffee mornings, Facebook and a much valued listening service. We also made sure that the Cornerstone Pantry continued to be able to supply food for those most in need. We undertook a process of reviewing what we offer and looking at how we may do things differently. What became clear very quickly is that people needed stability after two years of change and uncertainty. Before reopening our doors fully we set up outdoor coffee mornings which were a huge success. This is something we will continue during the warmer months as it makes us even more directly connected with our community and has encouraged new people to come along. We are also conscious there are a number of people who are remaining cautious and welcome the opportunity to be outside with good coffee, delicious cake and people to talk to. Cornerstone has been there alongside the community throughout the pandemic and this is not the time for reimagining or time for big change. It was important that we were able to reopen our doors and re-introduce all of the activities so highly valued by our guests ## _Being a stable and positive presence in peoples lives is the critical factor._ _The Cornerstone Cupboard_ has seen its membership grow from 30 households in 2020 to 81 households in 2021. This much-needed service enables people to supplement their shopping and helping to make ends meet. Pantry members pay £3.50 per week and are able to choose food to the value of c £15 as well as receiving free vegetables and toiletries. This venture has enabled us to build and strengthen our relationships with a network of other Food Banks and Pantries across Cheltenham. We are helping one another to meet this important and growing need which is destined to become even greater as fuel poverty and inflation impact the most vulnerable in our society. _Playtrail_ is growing in popularity with eight families now regularly involved. Playtrail supports children and parents in the early years with measurable developmental and educational outcomes. During the year we have developed our relationships with a network of health visitors, midwives and social workers who are now referring clients to us. _The Cornerstone Charity shop_ has become so popular that it is now open five days a week. We are extremely grateful to the volunteers who have stepped up to make this happen. Profits from the charity shop are shared with the local community to support areas of real need _Homework Club,_ we are delighted to welcome and support around 15 young people each week as more parents recognise the value of their children catching up on lost education. We are grateful to the five volunteers who provide teaching support. _Get Moving Whaddon_ Unfortunately our very popular fitness and well-being programme had to be halted as funding ran out during the year. I'm pleased to say these activities are now being reinstated and a new relationship has been developed with the Fresh Hope Armoury Gym. James White, our Pioneer Minister, and Martin Turner, Methodist Minister, have been reaching out on Facebook and YouTube with morning chats and helpful messages of encouragement. These sessions are greatly appreciated, not only by local people but also from much further afield... even as far as Brazil. A number of people have said how valuable they have found these early morning sessions and how it has helped them to feel and stay connected. Martin and James have been leading short Sunday morning services on Facebook which are greatly appreciated and well supported. We now have over 600 followers on Facebook and over 300 of those are active supporters _Café Church,_ led by James White, has continued to evolve throughout the Covid crisis to make it accessible for all. This has worked really well with people enjoying the informality and sense of family. _Cornerstone re-development,_ although stalled due to Covid I'm pleased to say that under Martin Turner's leadership, working with Coombes Everitt architects we now have plans in place which reflect the needs identified in our 2019 community research. A priority for us in 2022 is capital fundraising which will enable us to turn these plans into reality. During the last year Cornerstone Centre has reached even more people in our community in a positive and ongoing way. As we have reopened our doors we have not lost sight of the opportunities that have been presented for building relationships and community online particularly for those most vulnerable. Our staff team and volunteers have journeyed together over the last two years facing many challenges and difficulties. They have helped one another and as a result relationships have been strengthened and there is a real sense of team solidarity We are greatly appreciative of the tremendous amount of hard work, commitment and creativity that has been demonstrated during the year. I am personally grateful to our trustees for their wisdom, commitment and encouragement in helping us to successfully steer our course through these uncharted waters. ## Sustainability Cornerstone Centre has historically had a healthy mix of income streams which include earned income (such as café, activities and facility hire), grants, local council support and donations from individuals. Covid19 hit our earned income stream hard but this was offset in part by an increase in grant income during 2020. Earned income continued to be down on pre Covid19 levels during 2021 and three multiyear grants came to an end during the year. This led Trustees to move fundraising to red on the Centre’s risk assessment in October 2021. A fundraising group now meets monthly to discuss fundraising and take actions to increase income from charitable sources. We also engage the services of an experienced freelance fundraiser to advise and assist us with grant applications. We are working to embed fundraising activities to encourage more individuals to support our work through regular donations and are investigating the feasibility of a membership scheme. As face to face activities return to the Centre we predict that income from activities will return to pre Covid19 levels and maybe more. Whilst we recognise that the fundraising environment remains competitive, we do have a history of securing funding to enable us to continue our service delivery. We believe that levels of need within our local community and the activities that we provide in partnership with the community offer a strong case for support for funding and that through strategic fundraising we will be able to maintain our current level of activity going forward and even grow that activity in some areas (such as our new Play Trail project). The Cornerstone Centre relies entirely on the goodwill and generosity of a broad range of individuals, grant funders and local organisations who support us so generously and open heartedly. It is with grateful thanks for this support that we can look to the future positively. Our corporate funders include: St Michael's Cornerstone Trust Independent Examiner's Report Independent Examinerfs report to the trustees of St Mlchael's Comerstone Trust I report to the trustees on my examination of the accounts of St Michael's Cornerstone Trust for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. Responsibllitles and basls of report As the charity's trustees land also directors for the purposes of company lawl you are respnsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (the 2006 Acl}. Having established that the accounts of the charity are not required to be auditied under Part 16 of the 2006 Act and are eligible for Independent Examinakn"on, I report in respect of my examination of the charivs accounts carried out under section 145 of the Acharilies Act 2011 (the 2011 Acl}. In carrying out my examination I have followed all the applicable direth.ons given by the Charity Commission under section 145{51{b} of the 2011 Act. Independent examlnerfs stslement I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believie that in, any material respect.. the accounting records were not kept in respect of the chanty as required by section 396 of the 20 Act., or the accounts do not accord with those records: or the accounts do not comply with the applicable requirements under section 396 of the 2006 Act other than any requirement that the accounts give a Irue and fair view which is not a matter considered as part of an independent examination- or the accounts have not been prepared in accourdance wth the Charities SO￿ {FRS 1021 I have no concerns and have come across no other matters in connection wth the examination which attention should be drawn in this report in order to enable a proper understsnding of Ihe accounts lo be reached. Emma Conway ACCA Chartered Cerbfied Actx)untant 3 Faitwiew Court Fairview Road Chellenham GL52 2EX 19 April 2022 St Michael's Cornerstone Trust {Company Limited by Guarantee) Statement of Financial Activities for the year ended 31 December 2021 Notes Unrestricted Restrided Designated 2021 2020 INCOME & ENDOWMENTS Grants, donations and legacies Income from charitable activities Income from investments TOTAL INCOME 35,369 4,608 39.053 74.422 4.608 87,516 5,589 43 93,148 39.983 39.053 79.036 EXPENDITURE Expenditure on charitable adivities TOTAL EXPENDITURE 66,888 66.888 37.551 37,551 104,439 104.439 78,970 78,970 NET MOVEMENT IN FUNDS (26.9051 1,502 125.4031 14,178 FUND BALANCES AT 1 January 2021 20,285 10,647 40,000 70,932 56,754 Transfer between funds 6.620 16,6201 FUND BALANCES AT 31 December 2021 12 12,149 33,380 45.529 70,932 Income reSoUr￿S and resulting net movement in funds each year arise from continuing operab"ons. St Michael's Cornerstone Trust (Company Limited by Guarantee) Balance Sheet as at 31 December 2021 Notes 2021 2020 Fixed Assets 1,412 Current assets Debtors Cash at bank and in hand 10 402 47.240 47.642 70,205 70.205 Creditors: amounts falling due within one year 11 {2.113} 16851 45.529 69,520 45,529 70,932 Funds Unrestricted Funds Restricted Funds Designated Funds 20,285 10,647 40,000 70,932 12,149 33,380 45,529 12 The directors are satisfied that the company is entilled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. Members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknovAedge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting re￿r￿S and the preparation of accounts. The accounts have been prepared in accordan￿ the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. T Solomon Director 19 April 2022 St Michael's Cornerstone Trust {Company Limited by Guarantee) Notes to the Accounts for the year ended 31 De¢ember 2021 1 Accounting policies 8asls of prÈparatlon The accounts have been pre￿red on the a(xruals basis. underthe histori￿1 rnst (x)nveThtion. and in a￿ordan￿ the Financial Reporbng Standard 102 leffective 1 January 2D161 and FRS 102 SORP Isiaternent of Recommended practi(￿ for Accounb"ng and Reporting by Charitesl 2015 las amended by the Bulletin issued in February 20161 published by the Charities Commission in England & Wales ICCEWI. eftecbve January 2016.1ThÈ SORPI. Turnower Voluntary in(x)m8 and donations are 8￿X)Unted for as recwved. Proied and fundrdising income is accounted for on an ac(yuals b8SIS. EXpendI￿re on managementand admlntstrakni of the ¢harlty Administration expenditure indudes all expendiiure not diredy related to the tharitable activity or fundraising. Dep￿CIatiOn Tangible fixed assets are sÈaled at cosl less depreuaim. Depreciation is pmvided at calcul8t8cI lo wnte off the cost of the fixed assels. less Iheir esbmaled residual value. overlheir eX￿ted usefijl lives on the following bases.. EquNprnent- IOOA straight line 2 DeslgnatedFund £3,380 has been allocated bythe Trustees to a Designated Fund to be held tor Ihe refurbishment project. This project is in the earfv staaes of ¢onsKlerab"on 3 Legal statu5 of charity St Mi¢hael's Comewtone Trust is a ¢ompany limited by guatantee and. as such has no share Ca￿t81_ 4 Grants, Donations and Legacies 2021 2020 Unrestricted 9,240 853 25.276 Don3tions and other incorne Care Shop incorne Grants 10,920 389 27.744 20,160 1,242 53.020 7,003 1,161 79.352 35.369 39.053 74.422 87.516 Income from charitable activities Coffee bar A¢tiwties Rent of H311 Laundrette 2020 2,523 1,062 1,023 2019 1.285 2,184 1.515 605 2.523 1,062 1.023 4.608 4.608 5.589 St Michael's Cornerstone Trust {Company Limited by Guarantee) Notes to the Accounts for the year ended 31 De¢ember 2021 Expenditure on charilable a¢tivite$ Coffee bar ActiWtyiProgram ¢osts Laund￿tte Costs Playgroup c05t5 Salaries Light and heat Telephone Water rates Rent R8p8irs Generydl 8dmin- Software Insuran LI￿nee Printing,postage and stationary Care Shop distributions Refuse collection Staff Training & Welfare Travel and subsistence Cleaning Fundraising cost5 Advertising Depreciation Sundries Restri¢t¢d Designated 2021 1,413 25,827 2020 718 10,347 40 43 37,654 3.736 1.454 575 100 10,997 1.413 296 25,531 67 36.404 6.410 1.561 67 48,225 6.410 1.561 668 100 8,620 334 1,832 545 533 199 236 555 11,821 1(M) 8.620 334 1,832 545 533 1,441 571 315 1.499 318 1,126 68 880 2,850 220 1.629 199 236 555 1,201 2,200 524 1.412 1,201 2,200 524 1.412 1.919 1.919 104,439 2.025 78.970 37.551 7 Operatlng profft This 15 Stated after charging.. Depreciation of fixed 35sets 1.412 1.629 8 Taxation The company, which is a registered charity. is rKJt liaNe to taxation. Plant and maehinery etc J Tanglble fixed a$$Èts Cost At 1 January 2021 At 31 December 2021 7.308 7,308 DÈpreciation At 1 January 2021 5.896 harge forthe year At 31 December 2021 1.412 7,308 Net book value At 31 December 2021 10 Debtors Other Debtors 402 St Michael's Cornerstone Trust {Company Limited by Guarantee) Notes to the Accounts for the year ended 31 De¢ember 2021 2021 2020 11 Creditors= amounts falling due ¥rithin one year Other c%editors 2,113 685 Unrtstrlcied RÈstrl¢ied Deslgnat¢ 2021 2020 12 Anaty5is of fund balance5 At 1 January Prtsfiv (Lossl for the year Transfer between funds 20.285 126.9051 6.620 10,647 1.￿2 40,000 70,932 125.4031 70.932 123.9921 16,6201 At 31 D￿[nber 12.149 33.380 45.529 46.940 The charity aims to retain a ￿er¥* in un￿tr¢Ied funds of up to six months ofoverfwd expenses. At 31 D￿mber 2021 ihi5 equated to £26.400 whith compares Imlh Ihe balance of £nil. 13 Stsff Costs Salaries 48,225 37,654 48,225 37.654 During the year St MKhael's Conerstone Trust employed centre managets. a ￿ntre assistant and a deaner. No Trustees ￿tyVed wther remuneration orexpenses. other than direct reimbursement of money paid out. dunng the year12020 £nill The Trust relies substantially on the time of volunteers to run its actiwbes. It is not possible to quantify the value of these services to IhÈ Trust