CORNERSTONE CHURCH WATFORD LEGAL AND ADMINISTRATIVE INFORMATION Tru¥te8¥ Brian Evan8 Michael Hend&r8on Linda Field Heather Nash Chaty numb•r 1145703 Company numbw 07858090 Prfncipal addre 1194 varage Road Watford Hertfordshire WD18 OEY R•glstorgd offl¢• 36 Crown Rise Warford Hertfoid8hire WD25 ONE Ind•p•nd•nt examln•r Gary Howard FCA Howard Wlson Charter8d A¢counlants 36 Crown Risg Watford Hertfordshire WD25 ONE Bankgrn NatsYe$t Plc. tsrd Junction Branch 7 Station Road Watford Hertfordshir8 WD1 1TH
| UnrestrictedUnrestricted | UnrestrictedUnrestricted | ||
|---|---|---|---|
| fundsfunds | |||
| 20232022 | |||
| Notes | |||
| Income from: | |||
| Voluntary income including donations and legacies Investment income |
4 3 |
10,873 35,232 |
8,027 42,929 |
| Total income | 46,105 | 50,956 | |
| Expenditure on: | |||
| Raising funds | 5 | 200 | |
| - | |||
| Charitable activities | 6 | 27,977 | 46,866 |
| Total expenditure | 27,977 | 47,066 | |
| Net income for the year/ | |||
| Net movement in funds | 18,128 | 3,890 | |
| Fund balances at 1 April 2022 | 256,930 | 253,040 | |
| Fund balances at 31March 2023 | 275,058 | 256,930 | |
| The statement of financial activities includes all gains and losses recognised in the year. | |||
| All income and expenditure derive from continuing activities. | |||
| The statement of financial activities also complies with the requirements for an income and expenditure | account | ||
| under the Companies Act 2006. |
| 2023 | 2022 | ||
|---|---|---|---|
| Notes | |||
| Fixed assets | |||
| Tangible assets | 10 | 213,050 | 214,575 |
| Current assets | |||
| Debtors | 11 | 2,879 | 3,044 |
| Cash at bank and in hand | 60,209 | 40,211 | |
| 63,088 | 43,255 | ||
| Creditors: amounts falling due within | |||
| one year | 12 | (1,080) | (900) |
| Net current assets | 62,008 | 42,355 | |
| Total assets less current liabilities | 275,058 | 256,930 | |
| Income funds | |||
| Unrestricted funds | 275,058 | 256,930 | |
| 275,058 | 256,930 | ||
| The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act | |||
| 2006, for the year ended 31 March 2023. | |||
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 | |||
| with respect to accounting records and the preparation of financial statements. |
| 3 | Voluntary income including donations and legacies | |||
|---|---|---|---|---|
| Unrestricted | Unrestricted | |||
| funds | funds | |||
| 2023 | 2022 | |||
| Donations and gifts | 35,232 | 36,479 | ||
| HMRC CJRS grants received | 6,450 | |||
| 35,232 | 42,929 | |||
| Investment income | ||||
| Unrestricted | Unrestricted | |||
| funds | funds | |||
| 2023 | 2022 | |||
| Rental income | 10,721 | 8,023 | ||
| Interest receivable | 152 | 4 | ||
| 10,873 | 8,027 | |||
| Raising funds | ||||
| Total | Unrestricted | |||
| funds | ||||
| 2023 | 2022 | |||
| Fundraisinq and publicity | ||||
| Advertising | - | 200 |
| 2023 | 2022 | |
|---|---|---|
| Staff costs | ||
| Depreciation and impairment Missionary and charitable giving - UK Missionary and charitable giving - Overseas Computer costs Outing costs and retreat weekend Church activities Church premises costs Church repairs House premises costs Training Subscriptions Governance costs |
233 4,232 3,345 3,304 2,104 647 4,738 5,595 1,525 _ |
163 479 4,164 5,011 2,433 634 69 761 4,655 248 2,077 24,378 |
| Sundry expenses | 994 1,260 |
714 1,080 |
| 27,977 | 46,866 | |
| Analysis by fund | ||
| Unrestricted funds | 27,977 | 46,866 |
| 2023 | 2022 | |
|---|---|---|
| Number | Number | |
| Pastor | 1 | |
| - | ||
| Employment costs | 2023 | 2022 |
| Wages and salaries | - | 22,628 |
| Other pension costs | 1,750 | |
| - | 24,378 |
| angible fixed assets | |||
|---|---|---|---|
| Freehold | Plant and | Total | |
| property | machinery | ||
| Cost | |||
| At 1 April 2022 | 210,000 | 14,924 | 224,924 |
| At 31 March 2023 | 210,000 | 14,924 | 224,924 |
| Depreciation and impairment | |||
| At 1 April 2022 | 10,349 | 10,349 | |
| Depreciation charged in the year | - | 1,525 | 1,525 |
| At 31 March 2023 | - | 11,874 | 11,874 |
| Carrying amount | |||
| At 31 March 2023 | 210,000 | 3,050 | 213,050 |
| At 31 March 2022 | 210,000 | 4,575 | 214,575 |
| 11Debtors | ||
|---|---|---|
| 2023 | 2022 | |
| Amounts falling due within one year: | ||
| Other debtors | 2,879 | 3,044 |
| 12Creditors: amounts falling due within one year | ||
| 2023 | 2022 | |
| Accruals and deferred income | 1,080 | 900 |
| 13Related party transactions | ||
| Remuneration of key management personnel | ||
| The remuneration of key management personnel is as follows. | ||
| 20232022 | ||
| Aggregate compensation-22,628 |