CORNERSTONE CITY CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 CONTENTS Page Trustees Report Information Page 10 Independent Examinerfs Report 11 Statement of Financial Activities 12 Balance Sheet 13 Notes to the Accounts 14-16
Tru Cornerstone Ci Church st rlod l Janua 2022 to 31st December 2022 For The Trustee8 The Trustees of the Cornerstone City Church Company Limited by Guarantee and Charitable Trust during this period were as follows: Julian Perry- Chaimian Chris Norwood Bola Mogaji Acacia Sooklal Abigail Carey Griff Crouch. No Trustees have resigned and no new Trustees were appointed during this period.. Trust Ob'ectlv 'To advance the Christian religion by proclaiming and furthering Ihe Gospel of God and His Son the Lord Jesus Christ and by preaching and teaching the Christian faith.. 'To promote Jesus centred transfomation of lives to regenerate Medway and beyond. Premises The church continued to use the Jasper Centre, Jasper Avenue for midweek meetings and on Sundays for the Rochester Community meetings. It is the Offi base for staff and administration of CCC, and the staff use and meet regularly in the building. Since the church Mu1plIed into 5 Communities (local congregations), these Communities have continued to meet on Sunday mornings in 5 separate locations across Medway in Hoo Academy. Jasper Centre Rochester, Chatham Dockyard Church, Burham Communty Centrelvillage Hall and Mid Kent College Gillingham. There is an 'all troetherf meeting of all 5 Communities every 6 or so weeks in the Mid Kent College theat. Occasionally this all together meeting is moved to other locations if MKC is not available, and the Hoo Academy and the Dockyard Church building have been used for this purpose. Memborshi We continued to run an INTRO course that introduces new people to what we believe, our vision, values and the expectations for'members, _ i.e.. that they will be committed and connected into the church through Sundays, Grow Groups and DNA groups, as well as serving and giving, all as part of taking steps to grow as disciples. As with the previous membership format there are still appropriate limitations to leadership responsibilty and influential roles within the church communty where there is lack of connection or shared values. Communlcations We continued to use our large (quiet) Whats4pp group that enabled regular updates and quick contact across the whole church. In drfferent seasons it was daily updates which included devotional messages.
Saturday Morning Prayer meetings continued to meet on line at 7'.30am, as this was considered to be the most appropriate means of gathering people on a Saturday morning. All other CCC meetings were in person. Flnanc•s Church income has continued to meet the needs again this year as the church took on additional stsffllD students and exlended otherfs hours. Savings have continued to be maintained with no reduction as the church has moved forward. which is a subject of celebration for the leadership. We have continued to give approx.10% of our income to RM as before by direct debit and this arrangement avoids the major difficulties at the year*nd that have been experienced previously. In addition, our support of home and overseas mission WOTk continues. We had to stop our support of the Krupa Project in Nasik (a home for destitute old ladies) as it became irnpossible with the situation in India to transfer money safely to the project. We also felt it was a good time to review our long-term giving to Krupa (which has been in place for 20 plus years) and felt that it was the right moment to re-allocate the money as they do have other sources of support as well now. This money has instead (£200 per month) bn transferred to the Day family as they prepared to embark on mission to Mozambique. The church continues to give £100 to Caring Hands in Medway, £200 to Pioneer 61 in Mozambique and others like the local Foodbank with a small amount. Support of the work in Bolivia (Mission Bolivia) and the Butcher family has begun with fundraising for larger amounts and a regular £200 going into the Mission Account. The contribution to CAP decreased during the year as the latest Debt Manager stepped down from her role. Leadershl and staff Adam Voke led the eldership team throughout the year together with Julian Perry and also with the appointment of tsvo new elders - Tony Sands and Bernard Bentall in the Autumn. Adam continued working 4 days a week and his wife Susie continued to be employed for 12 hours a week. Julian is employed elsewhere. Tony is employed 4 days a week with focus on pastoral oversight and small groups and Bernard is a retired schoolteacher. Adam's role within Relational Mission (RM) continues this year as a 'Communty' leader for RM, working on behalf of Mike Betts, Stef Liston and Maurice Nightingale. The role involves leading a team to encourage and foster mission. communty and worship lrfe of various local churches. These local churches choose to connect together through shared relationships, history and a sense of God guiding them together. Although many are from the Kent area, there are others beyond, most notably wtth the development of the planting into Bolivia with the Butcher family. The hope was that Adam will in time be engaged on RM activities for 2 days out of his 4 working for the church, although this so far has not materialised for various reasons and Adam has spent around O.5- 1.0 day per week on RM issues this year. Julian Perry is chairman of the trustees, and along with the trustee team covers personnel issues such as salaries, pensions, staff appraisals. He manages all contact with the Charity Commission and Companies House and ensures that all neSSary submissions to these bodies is completed each year. He has assisted with the leadership of the Medway Valley Communty sineE it was formed in 2021.
Hope Church in Sittingbourne led by Gordon Watson, which was planted out from CCC continued to grow throughout 2022. Gordon and Natalie continue to lead along wrth growing team. The church meets in the Sittingboume Costa Coffee but is looking to move to new larger premises at some point next year George Rangelov's role continues to focus on 'finan and buildings manager, and continues to be employed for 2 days a week. Rhonda Sands has continued to benefrt the church through her ministry since she was brought onto the staff team in 2017. Her role is 'Evangelism and Integration Leaderf. Rhonda's primary responsibilities are around the initial meet and greet of newcomers and their integration into the wider CCC communty and this is working well with many new persons being added to the church. She also assists with preaching and developing our evangelism strategy. This year saw the start of Harvest Teams in the Autumn. Most Wednesday mornings a team has gone into different parts of Medway to pray and to share the gospel on the streets. This has resulted in stories of prayer being reived, healing and response to the gospel. It has been a big encouragement to CCC as a whole. Susie Voke continued working for the church on a part time basis this year. Her focus is church family ministry, leading children's groups within the church and working with the CAP team to develop the CAP Life Skills ministry. She also works alongside Adam supporting in a number of leadership and pastoral contexts and is involved in wider RM activities. Tony Sands, who was employed in January 2018, has now been working for 4 days per week throughout the year. Tony's primary responsibilities are pastoral care and developing the Groups and Communities strategy for the church. Tony along with Rhonda continued to help with the leadership of the Gillingham Community. He was also appointed an elder in the Autumn as noted above. Matt Fox has continued to lead the youth work on a 4 days per week basis within the church. The work continues to grow with new youth coming along each week. Matt sucSsfUllY led a group of youth and ministry team to Newday this year, wtth many positive effects on the youth of CCC. Becky Meadows continued to lead the Jaspers Café work in Rochester, with growth in numbers of people coming along throughout the year together with associated increased income. Simba Mafemara stepped down from his assistant manager role later in the year due to changes in his home and study arrangements. Bayasaa Rentsendofj was taken to partially fill the void that Simba's leaving had on the team, and Bayasaa has been working for 24 hours a week for the latter part of 2022. Becky continues to work Monday to Wednesday and Bayasaa on Thursday and Friday. Other temporary contracted staff vRre taken on at times during the year, including Steve Foster. The 2 ID (Intentional Discipleship) students taken on last September (Nat and J1 Felton) ontinued to be a blessing to CCC over the year. They have integrated well into church life and have assisted with a wide range of church activrties. including preaching, leading worship, Connect, Youth, Jaspers Café and other ministries. They completed their ID year in August 2022 but both decided to stay on as leadership interns with CCC for the remainder of 2022 and intend to work through to August 2023. In September 2022 a new ID student, Joe Brooks, joined the team. Joe has a passion for evangelism and has drawn alongside Rhonda in her evangelistic efforts. This has been such a blessing to Rhonda and to the church generally.
Tom Heaton is a new addition to the staff team. Along with Jasmine and their two young boys, they moved to Medway from West London where Tom is part way through a theology MA at Oak Hill Bible College. Tom was employed for 3 days a week with CCC from September and continues his part time studies for 2 days a week. His role includes supporting Rhonda and also Adam in particular with admin. communications and operations that stem from evangelism and integration. Five CCC Communities The five Communities that were fonned in September 2021 have continued to meet and develop over 2022. The 5 communities fomed in 2021 included Rochester, Gillingham, Chatham, Hoo Peninsula and Medway Valley {Peters Village, Wouldham, Burham, Halling and Stalisfield Green). It has been encouraging to see the leadership teams evolving and persons stepping up to serve in various ways, such as preaching and teaching, leading worship, serving in administration and helping out on Sunday preparations. There are many persons who are serving in various formats now who were not serving previously and so there has been general mobilisation of the church across the communities as a result. It is good to remember that the fomation of the communities in 2021 was in direct response to various prophetic words about strawberry planting communities in Medway and the outworking of this can now be clearly seen. We undertook the move to Communities in three phases - phase 1 was to stsrt and wn Sunday morning meetings with a team and review long term continuation, this has happened and after review wtth existing leaders we moved to phase 2 - establishing them further with long term leaders and expanding the week-to-week life of the Communities (small groups etc). This is now undetway and we look fOard to seeing them further strengthened in the coming season. The whole church continued to come back together again for meetings every 6 weeks in the Mid Kent College theatre and some other larger venues, with much exuberant lebration of being together as a whole church. These meetings also perynit baptisms. child dedications and other larger group activities when together as a full church. We ran a couple of preaching workshops as part of the training of preachers in Communities. This included some academic teaching as well as practical skills training and the opportunity to prepare and deliver a short sermon and get feedback. The Mana em6nt Team The Management Team is responsible for the implementation of the vision as well as legal and building matters. The team also manages the staffing and administrative affairs of the church. It comprises the trustees {Bola Mogaji, Acacia Sooklal, Chris Norwood, Julian Perry, Abi Carey and Griff Crouch), treasurer (Val Mogaji), the Members of the Company (Adam Voke and Julian Perry) and they met together 3 times in 2022. The team has continued with the arrangements established in 2014 whereby the Management Team was split up into 1. A financial and administrative team with Val and others that handled these issues and met when necessary and 2. A strategic team with Chris, Adam and Julian focus on moving things fomard strategically as well as reviewing vision and goals and staff responsibilities. The Management Team has functioned well as a team over the year. Chris NonNood continued as a Trustee for CCC. Chris continues in his role as head of a local secondary
girl's school and continues to adequatety manage the workload. He is involved in finance, trustee and management team m&tings. He has also been working closely with Adam and Julian with regard to future Stsff appointments and strategy of the church. Valentina Mogaji has continued in her role as the Treasurer for the church but also contributes widely to the MT meetings. Her time. efft)rt and contributions are greatly appreciated by the team. Bola Mogaji has served in the church as Trustee for the year. His wisdom and stature in Christ have been a continuous blessing to Cornerstone Cty Church. Griff Crouch continued to be an invaluable member of the team during this year, providing assistan in various employment issues as he is a local business owner. He took over the administration of CCC staff pensions from Julian Perry in 2021 and has been managing this successfully throughout the year. His experien in management, financial management and systems a of great benefit to the church. Grrff has been with the church Sin rt began in 1993, being part of the Worship Team. Grrff has also been exlIent in setting up the baptism pool for central baptisms at Mid Kent College. Griff has also continued with the Central Servi hospitality when we meet together every 8 weeks. Abi Carey continues to provide exlIent advice on legal issues affecting the Trust, as Abi is a solicitor working for the Medway Council legal department. Abi has been with the church Sin it began and is very much part of CCC. Acacia Sooklal has been with CCC for many years and is a much-respected member of the church. She has been actively involved previously in leading the student and 20s group over the past few years. Acacia is a pharmacist by profession and brings her keen business sense to the Trust Board. Strats Revew- James Ta In March James Taylor was with the CCC staff for Iwo days. This was to help with review of our team and strategy following the move into Communilies. James previously worked as ops and admin manager for RM alongside Mike Betts and has previous experien working in team leadership and management. He recently started working as a coach and consultant wrth 'Fruitful Being, _ a company he has set up. His time wrth us involved meeting with the staff team one one one for review and feedback and also with the staff team together. He also met with the elders. Following this a summary of comments. feedback and suggested ways forward was produced. Leadershi ofwo Team Naomi Day led the Worship Team through the earlier part of 2022 but, due to her imminent departure to Mozambique, stepped down from leading the team and passed responsibilty over to Enno Chinosa, Mel Olubajo and Nik King. These three have played a prominent role in leading worship and encouraging growih in the team over the past few years and were the natural choice to continue the leadership. They form the core team which helps to oversee worship and the development of teams across the church. Adam keeps in communication with them and they meet for review. SincE the foTmation of the 5 Communities, the Worship Team has been adapting to a new way of working with the team distributed amongst the communrties. The three new leaders have been planning and assisting with the various communty teams and have shared out the worship leaders to those communities that were lacking in such gifting.
The all together Sundays are a great opportunrty for a large band to be assembled and the worship on these Sundays has been a highlight of the year. Childr•n & Youth T•am Children's work has continued to be overseen generally by Susie Voke but with Candida Baldwin as a key team member when it comes to planning and admin. Each Community is responsible for its own children's ministry as appropriate in each setting. This has not always been possible in all 5 Communities due to a lack of sufficient volunteers and so on some Sundays, the children stay in for an all-age meeting. Youth continues to be led by Matt Fox, together with the ID students and other volunteers, who again take responsibility for whether they meet on a Sunday morning (some do and some don't). The all-together meetings which happen every 6 weeks or so do usually include Comerstone Kids and sometimes youth gatherings. Candida Baldwin and Matt Fox a usually always involved in planning and coordinating. Kids weekend away - this took place in July and was a great time of fvn. messy play. teaching and worshipl Overview of chUh Life & Activities We consider that the follcming selection of activities, events and key moments demonstrate the public benefit that the church offers as a body of people seeking to serve God in the communty: Pioneer 61 The Day family are planning to move to Mozambique to support the work of Pioneer 61 with CCC'S encouragement, support and blessing. It was intended that they would travel towards the end of 2022 but unfortunately their visas have been held up and they were not able to travel. It is hoped that they will eventually travel at some point in 2023. This will provide a great boost to the work of Pioneer 61 as both Perry and Naomi have lots of experien in CCC church life from the last ten years and so hope to take leadership, pastoral and evangelistic skills to serve in Mozambique. Christians A ain8t Pove CAP Debt C•ntro & Kintsu iHo The church continued as a CAP Debt Centre for the first part of 2022, with leadership of the Debt Centre by Bisi Odetunde. However, towards the end of the year, after a period of review, refiection and discussion with Bisi. the elders and Peter Holland (CAP regional manager) it was decided to bring this to a close for the time being at the end of the year. Various pressures - particularly the challenge of running a debt centre during the Covid lockdown as well as other responsibilities Bisi has in running her own business contributed to the decision to stop. There are no immediate plans to repla 8isi as there are no suitable persons to take on this role for now but we are raising this in the Management Team Meetings and are on the look-out for the best nexi step or person to tske on the role. Kintsugi Hope is a ministry to persons who have been broken in various ways by their life experien. Catherine Norwood and Wonu Nwisi started this ministry in early 2022 and successfully followed through the course material for around 12 weeks. This has helped and encouraged those who took part.
The CAP Support Team recommenced meeting in early 2022 and has provided support to the CAP leadership team during this time. This also supports the Kintsugi Hope leadership team and the Jaspers Café leadership team. Jas er Jin les arent and toddler rou Jasper Jingles continued to meet throughout 2022 with Heather DeGray and Michelle Turner playing a leading role in this group and now the addrtion of Jasmine Heaton (who moved with husband Tom) and others such as Christina King. Jas r8 Café Rochester Jaspers Café continued throughout 2022 with a full programme. There was continued growth and development of the café which induded support and praise from the local communty. New volunteers have joined the team and there is no shortage of vision and possibilities. Becky Meadows has continued to lead with passion and discussions about expansion have taken place although the infrastructure to allow this would also need to increase (staff, space etc). A number of community facing events have also happened as part of Jaspers Café such as Dickens Weekend events, Teddy Bears Picnic and a Tea Dance to name a few. There is a high flow of traffic that comes and goes in these events. Connect Grou The Connect Group has continued to meet throughout 2022, with Pat Harris leading this with assistance from Lena Perry, Tony Sands and Bernard Bentall. Numbers continued to be maintained. Pat has faced some health challenges and so her personal capacity is limited and it is hoped that new team members and support will be forthcoming. DNA rou DNA stands for Discover, Nurture and Act. Some groups have continued to meet during 2022 but there has not been a particular emphasis on these groups during the year. 40Da of Pra er During Feb and March the church went into another season of 40 days of prayer (and fasting) over the Lent period leading up to Easter Sunday. Each week comprised a number of different prayer meetings in the evenings, early morning and during daytime. Some were held online with Zoom but bvere mostly in person. It was a time of focus and coming together as a church around key themes in prayer. There were daily videos that were put together featuring different members of CCC which went out each morning with devotional content. It was well supported during this ts'me. Partnershl with Relational Mission CCC continued to develop its relationship with RM through the year with regular RM gatherings, some in person and some online. These also included some evening gatherings to enable those working in the day to attend. Adam has been in regular meetings with the apostolic team as part of his RM Community leader role.
Ryan and Sarah Burns and their family visited CCC for about 4 weeks during OctlNov. They are from Hawaii and through links with RM and Mike Betts it was offered for them to visit three different churches in the UK (Cambridge. Ipswich and CCC) in order to develop relationships, understand how RM churches operate and the culturelvalues that underpin. During their time they took part in the regular rhythms of church life as well as preaching, leading worship and sharing their own testimony. SENT- RM event for students and young adults took place over the new year. Adam and Susie Voke were involved on the team as well as Acacia Sooklal. Tom Scriven's from Ipswich led the team and young adults from across RM were invited. Sizewell Hall in Suffolk was the venue. About 9 from CCC went and joined 65 others from RM. Worship, teaching and social time was enjoyed by all on the theme of revival and prayer. Pra er Focus & Pra ers of Man Enou CCC continued to hold weekly prayer meetings in person and online on Zoom. These were attended faithfully on Thursday evenings and Saturday mornings. The Prayers of Many (Enough) prayer times have been meeting throughout the year, some in person and some on Zoom or via a YouTube broadcast throughout the year. A particular highlight was the in person event we held at Kings Hill Community Centre in October where churches from our RM Community gathered in person for worship, prayer and faith filled updates. We plan to do this again. Al ha and Ba tism The Alpha Course has been run during the year and there have been a few people making commitments to follow Jesus. CCC held a number of baptisms throughout the year and a big response was from the youth. Following the return to Newday (youth festival) which saw a number become Christians, many of them wanted to be baptised. These were held on the 'AII Together, Sundays at Mid Kent College over a couple of events and there were 15-20 who took this step and shared encouraging testimonies of what God had been doing in their lives. Leaders Weekend Awa We were not able hold another leaderfs weekend away in summer or 2022. The dates didn't work out with the venue (High Leigh Conference Centre) and there was too much going on to be able to arrange at another point in the year. We did follow a programme of regular meeting as a wider leaders group every temi - this happened with food at the Jasper Centre and often included a guest speaker. There was also a summer BBQ at the Jenman's house. We greatly appreciate Mike and Kay Jenman for their hospitality and their serving the leaders team with food. Dedication We celebrated with a big Sunday morning with dedications one Sunday and this was a great moment to welcome family friends and guests, preach the gospel and celebrate the Fatherhood of God. We held this during one of our every-6-week big gatherings.
LEAD 2022 intake There were 11 persons who signed up for the LEAD course this year together with 7 others who are finishing their second year. It is great to see the continued hunger of the church membership to develop in their leadership gifting. Summa A positive year. especially with the 5 Communities developing into their second year. Other encouragements are the growth of Jaspers Café and the priority of prayer in our 40 days of prayer and fasting. CCC seems to have a good blend of the practical and the prayerful, faith in action. As always there is more to do and more possibilities than can be acted on, so a review on our strategy and priorities as staff was helpful with James Taylor in March. This needs be picked up again in 2023 to ensure that we don't drift away from what we feel is God given direction. Our finances continue to remain strong and it's encouraging to see that there is provision for the steps we are taking and to maintain our extra costs for staff and building hire. We go into 2023 hopeful and amazed at what God has done in the last 30 years. This next year will mark the 30-year anniversary of CCC {previously Medway Family Church) and so we look forward to lebrating this and looking back at our history on our planned Vision Sunday in January 2023. Julian Perry Chair of Trustees
CORNERSTONE CITY CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 INFORMATION PAGE Charity Registration Number.. 1147328 Company Registration Number.. 7963955 Charity Address.. Cornerstone City Church Jasper Centre Jasper Avenue Rochester Kent ME12LD Bank.. Nat West Bank plc Chatham Customer Service Centre Western Avenue Waterside Court Chatham Maritime ME4 4RT Independent Examiner: Robert W Trice MAAT 210 King George Road Chatham Kent ME5 OPH Page 10
CORNERSTONE CITY CHURCH INDEPENDENT EXAMINER'S REPORT REPORT TO THE TRUSTEES OF THE CORNERSTONE CITY CHURCH I report on the accounts of the charity for the year ended 31 Dember 2022, which are attached. Respective respon8ibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed. It is my responsibility to= examine the accounts (under section 145 of the Act)., to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Act),. and to state whether particular matters have come to my attention. Basis of independent examinerfs statement My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or discolsures in the accounts, and seeking explanations from the trustees concerning any such matters. the procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts. Independent examinerfs Statement In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 130 of the Act. and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act have not been met., or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Robert W Tri 22nd August 2023 Robert W Trice MAAT 210 King George Road Chatham, Kent ME5 OPH Page 11
CORNERSTONE CITY CHURCH STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestrletsd Ro•trl¢tsd Fund8 FuY8 Tot•1 2022 Unro•trlct•d PtrIcted Fund Fund• Total 2021 Inct)mlng V••OUf¢ Voluntary In¢¢)mo Gfft Aided don8b"on$ Non Gift Ade(l inLx)m& Income tsx receivable Trndlng Iorn from *¢tr Income from nferenCeS & tea Jaspors C8f& ino)mo Oth$r In¢ome In¥•8tmènt Income Inte$1 rl¥able 240,405 28,354 87,379 1.828 242.033 28,954 87,786 223.369 11.947 56.748 1,110 850 277 224,499 12,797 57,025 13,814 59,e61 870 13,814 59.661 870 8,310 43,633 470 8.310 43.633 470 Tot•1 kneomlng re•our¢o• 410.687 2,635 413.302 344,505 2,237 Grants payatyl& Op•r•Yng •VIu Salaries & pension costs Insuranc8 & R8pairs Equipment Ministy expenses Events Sundry- Evangelism,Yrth & 0th8rs JaspeTS Café expenditur6 Depreciation Support costs Travel costs HolaY conferences & tearn8 Administrabon eypenses Govoman¢• ¢o•ts Independent Examinerfs feo L81 & Professional F 80,310 2.973 83.283 47,2CQ 184.868 43.678 184,868 43,678 175,840 15,1 175.840 15.190 6,398 5,287 15,575 22,936 3,7S) 2.496 10.L%7 19.434 14.358 5,267 15,575 10.LK7 19.434 14.356 3.423 773 2,977 2.977 5.9n 21,793 373 5,977 21,793 8,373 1.037 1.037 8.448 9.699 Total r••our¢M •xpondod 3,548 5,950 402,498 307.408 3.624 311.032 N•t Incomlng rwiur¢M b•forn hn•f•r 14,119 13,3151 10,804 37.097 {1,3871 35,710 Transfers betswgn ftmds 19,440 119,4401 Net movement in funds 122.7551 10,804 37.097 11.3871 35.710 Fund balanc88 bmught fotW8r<l 113,509 138,338 251,847 76,412 139,725 216,137 Fund balanc•s carrl•d fonwanl 147C68 262 851 Page 12
CORNERSTONE CITY CHURCH BALANCE SHEET AS AT 31 DECEMBER 2022 Unrostrlet•d Restrfet•d Funds Fund¥ Total 2022 Unrnstrfcted Re8trlcted Funds Funds Total 2021 Note Flxed a88ei• Tangible assets 101777 101777 102711 105 527 Current assets Debtors Cash at bank and in hand 6 11,706 135.962 11,7C6 149,768 13.8C 111,263 35,627 146,890 161474 111263 Cufrgnt Ilabllltles Sundry credrtors 600 570 570 N•t Current auets 147.(8 13.8C 160,874 110,693 35.627 148,320 N•t Assots 115583 262 651 113509 138 338 251 847 In¢omo fvnd$ Restricted Funds Unrestricted Funds 115.583 115,583 147,068 138,338 138,338 113,509 147, 113.509 262 651 138 338 by the Trustees on 06109123nd signed on thr behalf Jullan orry Chalm)an Page 13
CORNERSTONE CITY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 11 ACCOUNTING POLICIES Basis of preparation The financial statements have been prepared under the historical cost convention, in accordan wrth The Companies Act 2006, the Statement of Recommended Practi (SORP), "Accounting and Reporting by Charities" and applicable accounting standards. Tangible assets The tangible assets consist of computers. audio visual equipment and office equipment. Provision for depreciation of fixed assets held for use by the charity is calculated lo write dovm the cost (less residual value) of each asset evenly over tts expected useful lifp. The depreciation rates are.. Office computer equipment Other fixed assets Building improvements 50% straight line basis 200fi straight line basis 2% straight line basis Fund accountlng Unrestricted fund represents the balan of accumulated income of the Charty. Restricted funds represent funds raised or given for specific purposes. Voluntary Incoma Donations and asscoiated tax recoverable under the gift aid scheme are accounted for when re1Vable. 2) GRANTS PAYABLE Unre8tricted Restricted 2022 2021 Relational Mission Mission BolNia CAP Joel Felton Revelation Church Caring Hands Foodbank Homes for Good Will & Parv Pathway to Poverty Family Fund Other grants (under £1,000) 7,200 48,643 3,269 5,260 3,675 1,200 600 650 7,200 48,643 3,269 5,260 3,675 1,200 600 650 12.000 21,000 4,193 1,200 600 600 1,300 2,748 647 2,912 6,250 6,250 2,973 3,563 2,973 3,563 Page 14
CORNERSTONE CITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (Coniinued) FOR THE YEAR ENDED 31 DECEM8ER 2022 3) TRUSTEE PAYMENTS & RELATED PARTY TRANSACTIONS The trustees of the Charity have reiVed no remuneration for their services in the yeai There were no other related party transactions in the year. 4) TANGIBLE FIXED ASSETS Bulldlng Computsr othor Improvemonts Equipment Equipment Total C08t Balance at 1 January 2022 Addrtions 148.857 7.604 18.757 175,218 Balance at 31 Dmber 2022 148 857 18 757 175 218 Dopreclation Balance at 1 January 2022 Charge for the period 44.103 7,604 17.984 773 69,691 Balance at 31 December 2022 Net book valuos Balance at 31 December 2022 101777 101777 Balance at 31 December 2021 773 105 527 Building improvements represent the initial fees and Costs of work involved with the extension to the Jasper Centre. 5) DEBTORS 2022 2021 Inland Revenue - Gift Aid 11,706 5,415 Page 15
CORNERSTONE CITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (Conllnu•d) FOR THE YEAR ENDED 31 DECEMBER 2022 6) BANK ACCOUNTS 2022 2021 Jasper Café Account Nat West Account Nat West No2 Account Aldermore Nat West - Mission Account 29,283 55,717 33 60,000 4,735 20,058 47,893 75,001 3.938 149 768 146 890 7) SUNDRY CREDITORS 2022 2021 Independent Examinerfs fee 600 570 600 570 8) RESTRICTED FUNDS Balancè Incoming Rosourc•s Balance 01.01.22 Resources Expended Transfers 31.12.22 Building Family Hampers Youth Leader 99,734 14,144 110 24,350 {2,977) (2,973) 5,020 101,777 13,806 2,635 (110) (24,350) 138338 115583 The Building Fund is held for capital works relating to the church premises. The Building Fund has been increased by £5,020 in the year to equal the value of the building asset by a transfer from General Fund representing a long staning mismatch between the asset value and the fund. 9) UNRESTRICTED FUNDS Balance Incomlng Resources Balance 01.01.22 Resourc88 Expended Transfern 31.12.22 General 113,509 410.667 (396,548) 19.440 147,068 113509 410 667 396 548 19 440 147 068 Page 16