Company re8iStration numb2r'. 07509401 Charity registratlon number- 1141112 Cornerstone Christian Fellowship IA company Ilmited by #uaranteel Annual Report and FSnancial Statements for the YearEnded 31 January 2025 FidA._Qullj*p..I Imlts 9 Hare & Billet Road Blackheath SE3 ORB
Cornerstone Chrlstlan Fellowshlp Contents Reference and Adminlstratlve Details Tru5tees' Report 2to4 Independent Examlner's Report 5t06 Statement of Financial Actlvitles Balance Sheet Notes to the Financial Ststements 9t015
Cornerstone Chrlstlan Fellowship Reference and Admlnlstratlve Detalls Trnsrees Mr Stephen 88lderston Dr Yves.Yannick Ford Mr jonathan Smlth Mr Jonathan Smith Secretary Charlty ReBiStration Number 1141112 omparry Re8lstrdtlon Numb•r 07509401 Registsréd Office Tortbre G05ptsI Hall Bishops Oak Rlde Tonbridge TNIQ 3NT Independerrt Examlner Field Sulltvan Umtted 9 Hare & Billet Road Blackheath SE3 ORB Bankers Natwest Tuftbritjge We115 ICI Branth 89 Mount Pleasant Road Tvnbridge We115 TNIIQJ Alderm0 Bank Apex Plaza Forbury Road Reading RGI IAX Pèg¢ I
Cornerstone Chrlstlan Fellowshlp Tru5tees' Report The trustees present their report and fi'nancÈal statements for the year ended 31 January 2025. flnancial ststements h34t been prepared in actordante with the accounting set t)ut In note I to the financial statements and comply wlth the church's memorandum and artlcles of a5SOClatioTh. the ComparLie5 Art 2006 and "Accounting and Aeporting by ChaTlties.' Statement of Recommended Practice applicable to charities preparin8 their accounts In accordance with the Financ131 Rèporting Standard applicable in the LSK and Republic of Irelanij IFft$ 1021 (effective l January 20191 Oblectlve5 ¥Rd artivltles The church's object is the advancernent of the Christlan faith worldwide and in fulfilling that object it mav. amongst other thin8s, establysh ¢hurches ar+d community centre5. carry out and direct discipleship evangelistic rThsSiLhr6tV aiid LrITe[lIEi iilLIViLyp <4Jtriiifi¥ier Qr L Lfirirliil& yrQwtlé d¢fvice diyd l& those affected by soctal and Èconomlc c1rcumstan5 and promote or organlse programmes to engage young people in the communlty. In order to fulfil these objects the charity established a church fellowshlp In the Tonbridge. Kent area. The trustees have paid due regard to guidance issued by the ChaTIty CommIs51on In relation to public beneflt and have concluded thatthe artivities carrled out by the trustees are conslstent wlth that guidance. The activities of the charity durlng the year included the prwsion of a church building to pemilt Chrlstlan wur>liiyi 8ibiv >Yut¢yJ VrdyeF &F%d ié%luw>vllV dLLVlUtii¥ Iliv ¥uidttiiLt ILiukrt'i Iti *.•L. Dui)ri¥ criYyvérfjr& actlvlties were con5iStently maintained. The trustees also provided sUPPOrt and guidance for comrnunity benefit a¢ti¥itles and outreach to bring the Christian gospel to the local community and beyond. Financial support has a150 been 85ven to Christlan mlsslon work and urgent short-terrn relief. Publk benefrt The trustees confirm that they have complied with the requlrements of section 17 of the Charit%e5 Act 2011 to havè due regard to the public benefit guidance published by the Charity Commission for England and Wale5. Achlwemonts and performance RegLtlar seivtces are held for Christian worship. Bible study and prayer. along with a weekly Sunday School in te¥m time. Local outreach events have been held and increased online awarene$5 has generated 8reater diswverabllity and increased 'drop-in' attendances at services. The trust has begun architectural and planning work to expand the footprlnt of the bulldln8 and increase available spaces. The trustees a83in give thanks to God lor His blessing, and acknowledge HIS falthfulnes5 in calling U5 into the The thanty is grateful for the support provided by volunteers, who are members of the church, in providing help with open events. publicity. catering, minor maintènante and her similar activities. Page 2
Cornerstone Chrlstlan Fellowship Trurtees. Report Flnandal revlew Polrty on reserves It is the policy of the chLtrch that unrestrirted funds whi£h have not been designated for a specFhc use should be maintained at a minimum level equivalent to between three and six month's expenditure. The trustees conslder thal reserve5 èt thi5 level will ensure thaL in the event of a 5igniffi¢ant drop in fundln8, they will be able to continue the church'5 current artivitles while tonsideratton is glven to ways in which additional funds may be raised. The unrestrlcted reserves (including designated reserves) held as net current assets at the end of the year were £150.280 12024.. £123,535) which represents more than the annual expenditure of the charity- However, the trustees are builth.ng reserves as they inten6 to improve and, in due course, expand The property to allow a 8reater Tange of chaTltablE èctlvities to be pursued. sk revlew t-lUr-,, relate to the area5 of lil sale8uarding of children lill security of the property and safety of the public when accessing it and liiil flnancial rssk. The trustees are satiSfd that aclions have been tsken and resèrves are in place to mitigate exposure to the major rlsks. In paiti¢ular, fire Safety audits are periodically carrled out and a programme of work has beer¢ done to Impmve access and increase buildin8 security. The trustees also montitor safeguarding pollcoes and DBS chec, in ¢onsultation with experts in thls field. The level of flnanclal reserves and holdin8 of funds in In FSC5-protected bank accounts reduce the financial rrsk to a very low level. The trustees and Offir5 seThln8 durin8 the year and slnce the year end were as follow5.. MT Stephen 8al.derston DT Theodo¥e Balder5tDn Iresi8ned 14 lune 20251 Dr Yve5-Yannick Ford Mrjonathan Smlth Secretsry.. Mrjonathan Smlth str¢Kwre. governance and management Ploture of 90mIng documert The church 15 a company limited by auarantee. None of the trustees has any benefici31 interest in the company. All of the trustees are member5 of the company and guarantee to contribute £10 In the event of a winding up. Recru5tment and gppolntment oAtrustees Trustees ate appointed by existing trustees who famlliarise new tru5tee5 Wlth their responsibilitles. OryanlsutbnalstttiIrn The thurch is administéred by the trustees. Page 3
Cornerstone Chrlstlan Fellowshlp Trustees, Report SI¢Me OTtr1151ee5" resp0nsiryltes The trustees Iwho are also the direttors of Cornerstone Christian Fellowshlp for the purpose5 of ¢ompany lawl are responsible for preparing the trustees. report and thè financial Statements in accordance wlth applicable law and United Kin8dom Accounting Standards Iuntted Xingdom Gefterally Atpted Accounting Practicel, includin8 FRS 102 'The Financial Reportin8 Standard applicable In the UK and Republr¢ tsf Ireland" Company law require5 the trustees to prepare financial statements for each financial year. Under company law the tiustees must not approve the financi315tatements unless they are satisfled that they give a tnje and fair view of the state of affairs of the charitable comDanv and of the Incominq resourcÈs and application of resource5. ineludln8 Its income and expenditLrr¢. of the charitable company for that period. In preparini these flnancial statements. the irustees are required to.. select sultable accounting policie5 and apply them consistentlv,. obsÈrvÈ the mèthods and principles in the Charities SORP; makejudEemÈrtts and Èstimates that are reasonable and prudent. state whether applicable atcountlnB Standards, comprising FRS 102 have been followed, subject to any prepare the financlal statements on the going concern basis unless it is inappropriate to presumt that the charitable company will continue in business. The tru5tee5 are re5pon5ible for keepin8 proper accounting records that can dIloSe with reasonable accuraty any time the firtanclal posnfon o* the tharlt3ble company èfid e"nJbte them t¢5 Ènsure that thè finandal statements comply with the Companies Act 2006. They are a150 responsible for safe8uarding the assets of th charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irAU13rlties. The trustees are re5ponslble for the malntenance and integrity of the corporate and financral information included ors the charitable company's website. Leglslation governing the prep4r8tion and dissernination of flnancial statements may differ from leglslation in otherjurisdictlons. The annual report was •pprDved by the trustees of the tharlty on 2 De¢embei a)25 and y8ned Dn its behalf Mrjo n Smith Company secretary and irustee Page 4
Cornerstone Chrlstlan Fellowshlp Independent Examiner's Report to the trustee5 of Cornerstone Chrlstlan Fellowshlp I'the Companv,) I report to the charity tru5tee5 (who are also Directors for the purpose of company lawl on my examination of Ihe a¢counts of the Comerstone ChrlstSan Fellowship I'the charitable companll fpr the year ended 31 January 2025 which cornprise the Statement of Flnanclal Actlvltles, the Balance Sheet and related notes. This report is ma¢Je Sole to the chartty's trvstees. as a body, in attordance wlth sectlon 145 of the Charltles A¢t 2011. My. work ha5 been uNdErtaken so that I miKht state to the charitrfs trustees those matters l am requId to State to them In this report and for no oiher purpose. To the fullest extent permltted by law, I do not acpt or aUMe responsibllity to anyone other than the charity and the charity's trvstee5 as a body, for my work. for this report, or for the opinions I have formed. Responsibllltlts and bask <rf report As the charitvs trustees of Cornefstone Christian Fellowship you are re5pon5ible for the preparation of the accounts in accordante with the requirements of the Companie5 Art 20061'the 2006 ACVI. Havin8 satisfied myself that the accounts of Cornerstone Christ13n Fèllowship are not required to be 3udlted under Part 16 of the 2006 Act and are eligible for independent examln3tlon, I report Sn respect of rny examination of your charl$ accounts as tayiied out under section 145 of the Charitles Act 20111'the 2011 ACVI. In carrying out my examlnation I have followed the Dirertions given by the Charity Commlssion under section 14515llbl of the 2011 Act. An independent examlnation does not Invotve 8athering all the evidence that would be iequired in an audlt and conseuuentlv does not cover all the m3tt9rs that an auditor cons(ders In glvlny their opinlan on the rinantial statements. The planning and conduct of an audit goes beyond the limited assurance that an Independent examlnation can provlde. Consequently l express no oplnlon a5 to whether the flnancial statements present a 'true and fai view and my report Is limited to those specific matters set out in the Independent examinerfs statement. Independent eyAminerfs statement I have cornpleted my examination. I coftfimi that no matters have ¢omÈ to my attentlon In connection wlth the examinatlon givln8 me cause to belleve: l. ac¢ouTrting records were not kept In respett of Cornerstone Christlan FellowshSp as required by section 386 ofthe 2006 Act: or 2. the accounts do ngt accord with those records; or 3. the accounts do not comply with the accounling requirements of section 396 of the 26 Act other than any requirement that the accounts 8ive a 'true and fair view, which is not a matter considered as part of an Independent examlnatlon,. or 4. tne accounts have not Deen preparea in accoroance witn tne metiiosis and principles oi tne 57atement oi Recommended Practice for accountin8 and reportin8 by charitie5 applicable to charities preparin8 thelr accounts in accordance wlth the Flnancial Reporting Standard applicable in the UK and Republic of treland IFKS LQ2L I have no concerns and have come ac¥oss no other rnatters In connettion wlth the examinatlon to which attentlon shoultj be drawn In this report In order to enable a proper understsnding of the accounts to be reached. Page 5
Cornerstone Chrlstlan Fellowshlp Independent Examiner's Report to the trustees of Cornerstone Chrlstian Fellowshlp {'the Company,) Tim Sutlrrnn FCA Field Sullivan timited 9 Hare & Bi51et Road Blackheath SE3 ORB 19 December 2025 Page 6
Cornerstone Christian Fellowshlp (Registration number: 07509401) 2025 2024 Note Tan8ible assets io 182,113 188.047 Current assets Debtors Cash at bank and in hand li 21,165 161,521 19.670 137.885 12 182.686 157.555 CredltOYs.' Arnounts falllng due wlthln one ye¥r 13 11,9201 11,8421 Net current assets 180,766 155,713 Net *ssèts 3b7,g7y 43,7bO Funds ofthè tharfty: Restrlcted Income fund5 Restricted lunds 30,486 32,178 Unrestrlcttd Income funds lJnrpsts.iQrJ.fiJnd.% 342,3ri? Totsl funds 14 362.879 343.760 For the finandal year endlng 31 January 2025 the tharity was entitled to exemption from audlt under section 477 of the Companie5 Att 2(lJ6 relatSng to smam companies. Dlrectors, responsiknlities.. The members have not required the tharity to obtsin an audit of S accounts for the year in questlon in cordance with section 476. and The directors acknowledge their responsibilities for complying with the requiremet)ts of the Act with respect to accounting fecofds and the preparatlon of accounls. The fin8t)¢lal statements on pages 7 to 15 were approved by the trustees, and authorised for Issue on 2 December 2025 and slgned on theli behalf by.. Mrlon han Smlth Company secretary and trustee The notes on pa8es 9 to 15 fomi an integral p3rt Df these flnancial statements. Page 8
Cornerstone Chrlstlan Fellowship Notes to the Flnanclal Statements for the Year Ended 31 January 2025 I Ch3rlty Status The charity is limited by guarantee, incorpwated in, and Consequently does not have share ¢apilal_ Each of the trustees is Ilable to contribute an amount not exceedin8 £10 towards the assets of the charity In the event of Ilquldation. TEAlIre.1$f IL< YP£L%lp.re41 rth¢¢.IL Tonbridge Gospel Hall Bishop5 Oak Rlde Tonbrid8e TNIO 3NT These financSal statements were authorised for issue by the trustees on 2 Oecember 2025. 2 Accountirw pollcle5 The principal accounting policies 2pplied in the preparation ctf these financial statements are sei out below. These policles h8ve been conslstentty applied to all the years presented. unless otheise 5t3ted. The fintncial ststements have been prepared in accordance with Accounting and Reporting by Charitle5'. Statement of Recommended Practice appllcable to charities preparing thelr accounts in accordance with the Flnancial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021 leffertive l Jènuary 20191- (Charities SORP IFRS 1021 Second editlon October 20191, the Flnancial Reporting Standard applicable in the LIK and Republic of Ireland IFRS 1021. They also comply with the Companles Act 2006 and Charlties Act 2011. 8asls of preparatlon Cornerstone Christian Fellowship meets the deflnitlon of a public benefit entity under FRS 102. se(S and liabillties are initially recoBni5ed at histOTlcal cost or transa¢tlon value unle55 Otherwise ststed in the relevant accounting pollcy note5. Goln¥ concern The trustees ionsider that there are no material uncertainties about the charity's ability to continue as 3 goln8 ¢0n¢ern nor any slgnificant areas of uncerta5nty that affett the carryin8 value ot assets held by the charity. Page 9
tornerstone thrlstlan Fellowshlp Notes to the Flnanclal Statements for the Year Ended 31 January 2025 Judgements and key sourc•s of estlmatlon unc•rtalnty In the application of the charity's accounting policies, the dlrectos are required to make judgements, estimates nd assumptions about the tarryin8 afftount of 355ets and lièbilits'es thal rtot readlty apparent from other 50uTces. The estlmates and associated 3S5tsmptions are based on hlstorical expeiiehce and other fartors that ale consldered to be relevant. Acwal results may differ from these estimate5. ne e¥rimarEs anei unueriyiri8 a¥Jtmptiony ort VieWe0 on Jn Dn8uins r)osis. rsevi5ion5 io accounting estimates are recognlsed In the period5 in which the estimate 15 revised where revislons aflects only that period. or in the period of the revision and fvture periods where the rewsions affect5 both current and future perlods. Income and endowments All income is recognlsed once the charity has èntrtlement to the income, it is probable that the income will be rpTpived atvi thp amiwntr nf thp Inromp. rerpjv ran bp mpawrr¥l rpjiably. Domtlons ondlegades Dtsnatlons are fecoÉnised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditigns that require a level of performance by the chaTIty befo the charlty is entltled to ihe lunds, the income Is deferred arsd not recoBnised until eithef those conditions are fvlly met, or the fulfllment of those conditions is wholly within the control of the charity and it 15 probable thatthese condition5 will be fulfilled in the reporting perlod. InStMent1Come Dl¥Fdends are recognised once the dividend has been declared and notification has been received of the di¥id8nd due. E¥penditure All expenditure 15 re¢ognised once there Is a le8al or constructive obli8ation 10 that expenditure, it Is probable settlement 15 required and the amount Can be measured reliably. All costs are allotated to the applitable particular headings they h3ve been allocated on a basls consistent wlth the use of resources, with central staff costs allocated on the basls of time spent, and depreciatlon char8es allocated on the portion of the asset's Use. Other sUPPOrt costs are allocated based on the spread of staff costs. Charftoble actfvltles Charitable expenditure comprises those costs incurred by the charity in the delivery of its activitie5 and servlces foT Its beneficlarles. It Includes both costs that can be allocated direetty to such activltles and those co$ oi an in17irecr naiure Treceary ID SUPPOrt tnem. fjrontprov151ons PTowlslon5 for grants are made when the intentlon to make a 8raht has been communicated to the dp)ent tjut there Is uncertainty ab¢ut either the timin8 of the or the anwnt ofant payatrAe. Page 10
Cornerstone Chrlstlan Fellowshlp Notes to the Flnancial Statements for the Year Ended 31 January 2025 Support C05tS support costs include centr31 funttlon5 and have been allocated to actiV4ty cost categories on a basss con51Stent with the use of resource5. for example, allocatlng property Costs by floor areas, or per capita, staff costs by the time spent ar)d other costs by thelr usage. Taxatlon The eharity is considered to pass the tests sèt out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a ¢haritable company for UK corporatlon tax purposes. AEcordin8ty, the chwity is potentlalw 0X•p1 fiom taxation in respect ol income or cèpital gains recei¥ed WIt cate8or Covered by Chapter 3 Part 11 of the Corpofation Tax Act 2010 or Section 256 of the TaxatloTr of Chargeable Galns Act 1992. to the extent that such income or galns are applied excluslvely to charitable purposes. Indlvldual fixed assets costing £500.00 or more are initially recorded at cost, Depretlatlon and aMortisaon Depreclatlon Is provided on tanglble fixed a55ets so as to wrlte off the tost or valuat¢on, less any estlmated residual value. Dver thelr expected Lsseful economic life as lollows: Casri aDc3sh equivalents Cash and cash equivalents comprise cash on hand and call deposlts, and other short-term highly liquid nvestments that are readlly convertible to a known amount tsf cash and are subject to an inslgnificant risk of change v41ue. Fund structure unresttted Sncome funds ale general funds that are available for use at the trustees dlstretion in fvrtherance of the objettives of the charity. kestricted income funds are those donated for use in a partlcular aTea or for specifi¢ purposes, the use ol which is restrlcted to that area or purpose. 3 Income from donatlons and le8adÈs Unrestrfrted lunds Total 6Si Total 2024" Donati$ and le8acie5,' Donatitins Irom trndi¥thJ8ts Gift aid reclalmed 40,588 1,494 40,588 1.494 33,620 6.400 42.082 42,082 40,020 Page 11
Cornerstone Chrlstlan Fellowship Notv. to the Finar,-' Crd•d 31 Ja-. 4 Investmont Income Unrestrirted fund$ General Total 2025 Total 2024 Intpre5t recelvable and similar income.. Interest receivable on bank deposltS 3,192 3.192 2.631 S Expenditure on charltabl• actlvltles Total Total Note Light, heat and power Local outreach Rental ol storage Sundries Mlnistry and thurch activitles Communicailons Computer 50ftware and maintenance Subscriptions Repairs and malntenance Depreciation. ami)rtisation and other costs Grant funding of artlvities Support costs 2,270 1,860 954 2,458 18 168 4.867 176 1,506 376 214 472 181 3.313 5,934 5,129 3,612 14.762 io 6.075 1,995 26,155 36,085 6 An31y5is of governan and support costs Support Costs Restrlct•d frjnds Total 2025 Total 2024 Legal and prE)fesslonal Actountsncv Independeni examination 1,692 1,692 153 1,842 1,920 1,692 3,612 1,995 Page 12
Cornerstone Chrlstlan Fellowshlp Notes to the Financial Statements for the Year Ended 31 January 2025 7 Grant-making Anaty515 of 8rants Grnnts to In5tltutlons 2025 Grants to Indlviduals 2025 2014 Analy55s Cr05S Teach Trust Indlviduals Under Ik 1.200 1,200 3.000 929 4,875 1,200 1,200 3,929 4.875 Truste•s r•muneT*lon and •xp•nses No trwtees. nor any persons connected with them. have re¢eNed any remvneratlon from the Charlty durln the year. No trustees have Yetelved any other beneflts from the chadty during the year. One trustee was relmbursed £40912024.. £4251 durin8 the yeai. 9 Taxatlon The charity Is a registered charity and is therefore exempt from taxation. 10 Tan8lble fixed assets Land and bulldln85 Furnitur• and equlpme Total Cost At l February 2024 202.234 17.745 219.979 At 31 January 2025 202,234 17,745 219,979 Depreclatlon At l Februarv 2024 Charge for the year 15.343 2,219 3,715 5,934 At 31 January 2025 27.551 10,315 37,866 Net bookvalue At 31 January 2025 174.683 7.430 182,113 At 31 January 2024 176,902 11,145 188.047 Page 13
Cornerstone Christian Fellowshlp Notes to the Flnancial Statements for the Year Ended 31 January 2025 li Debtors 2025 2024 other debtors 21,165 19,670 12 Cash and ¢ash equivalents 2025 2024 Cash at ban 161,521 137,885 13 Credllors,. amwnts lalling due within one year 2025 2024 Actruals 1,920 1.842 14 Funds Balance ot I Fgbruary 2024 Incoming resources ResoUe5 expended Balan at 31 January 2025 UnTrstricted fund5 6eneTal General Funds 311,582 45,274 124.4631 332.393 Restrlrted fvnds Special offerlngs fund 32.178 11.6921 30,486 Total lund5 343,760 45,274 126,1551 362,879 Ba5ance at I February 21123 Incomlns resources Resources expended Balance at 31 January 2024 Unrestrlcted funds General General Funds 317,666 28,801 134,8851 311,582 Restrlcted funds Speaal offe¥lngs fund 19,528 13.850 I1,2¢) 32.178 Total funds 337,194 42,651 136,085 343,760 Page 14
Cornerstone Chrlstlan Fellowshlp Notes to the Flnancial Statements forthe Year Ended 31 January 2025 The spe¢iflc purposes for which the funds are to be applied are as follows.. The special offerin85 fvnd is for various monles raised from time to time for speclfic purposes. 15 Analysls of net assets betwÈen lunds Unrestrlcted funds Genéral Total fund5 at 31 January 2025 Restrlrted funds Tanglble fixed assets Current assets 182,113 152,200 11,9201 182,113 182,686 11,9201 30,486 Current liabilities Total net assets 332,393 30,486 362.879 Unrestrlrted fvnds General Total funds at 31January 2024 Rtricted funds T3n8ible fixed assets IIrre tr. 188,047 188,047 2?,)'1 1,#95 Current liabilitles 11.8421 1,8421 Total net assets 311,582 32,178 343,760 16 Related party transactlons During the year donations of £33,76312024.. £23.OOQI were recetved from trustees and related parties. Page 15