COIknNERSTONE CItURCH GRAYS Accounts- 30 June2O23 CoNTE1￿rS Page Generdl Information Tnisiees. Annual Report Independent Examiner s Report Receipts and PaN'ments Accounl StateiJ)eni of Asseis and Liabilities CORNERSTONE CHURCH GRAYS Gener41 Inforniation REGISTERED CHARITY NIMBER: 1191558 TRUSTEES: Jill B[￿k (appoinred *0 Mar.?023) Leslie BTock Daw'n Jessup (resigned 17 Sep ?022) Eileen Kellv Karl Tr4ewman Paula N'•i-man F¢liK NorMan-1￿1111am¥ Re¥ Michael ￿raIton (Chairl ADDRESS: 15 Buttell Close Cirah. ThU￿l￿k RM1761iN U)EPENDENf EXAMINER: Jason Fo¥iirll FCCA FCIE 39 Enlield Road Poole BHliiIJ cornerstone CHURCH - July 2022- June 2023 Cornerstone Church, Grays Trustees, Annual Report Rewrt approved by Tn￿e5 on 18 July 2023 Cornerstone Church Grays is a registered charity Registered Charity Number 1192558 Registered Offi￿. 15. Buttell Close, Grays. EsseK RM17 6UN Trustees Eileen Elizabeth Kelly Felix Ayodele Nomian-williams Jill Brock Karl Francis Newman Leslie John Brock Michael Roy Walton Paula Ann Newman Structure. Governance and Trustee Recruitment Comerstone Church, Grays is a Chafitable Incorporated Organi5ation (CIO). Comerstone is both a thurch and a charity. As a church V￿ are led by elders. as outlined in the Bible. As a charity we are required by taw to have trustees. Since the elders are the leaders of the church, they are also tTUStees of the tharity. However. there are various administrative, financial and legal tasks required of charities. As such some of the trustees include non-elders to help spread the load and to oversee important areas of ministry. The trustees are free to govern the charty based on its constitution and the charitable aims stated in the constitution. From July 2022 to June 2023 the Trustees met 8 times to manage the affairs of the charity and made decisions over email on 3 separate occasions. The charitsble members of Comerstone Church, Grays are the elders of the church. These members in line with the Cornerstone's constitution, are able to amend the constitution, if necessary. The charity was formed on the 2* November, 2020. Dawn Jessup resigned as a Trustee on 1* September 2022. Following a consultation process with the Cornerstone Church family, th Jill Brock was appointed as a new Twstee on 20 March 2023. Activities and objectives in the year As ststed in our constitution our charitsble objectives are the advancement of the Christian faith and such other charitable purposes that put the Christian faith into practice. As a church we held regular Sunday services and mid-week bible studies with the aim of Helpin9 existing Christians grow in their faith Helping people who are interested. to investigate the Christian faith for themselves. Achievements and performance including reporting on public benef it On Sundays, we continue to meet in person at Woodside Academy and online via Zoom. We're thankful that individuals who might struggle to join us in person are able to be included via Zoom. Creche, Sunday School and regular Church Family lunches were able to continue in the last 12 months. We V￿re also thankful that it was possible to start a second bible study gTOUP for adults and a separate group for our secondary school aged young people. A number of people also attended Bible by the Beach and the Southern Women's Convention. We were able use to Woodside Academy to prowde a wami space for anybody in our community to use, during March and April. This was only used by a few people which was similar to other warm spaces being provided in the loc31 area. It was a joy to celebrate Christmas together in person for the first time since Cornerstone started in 2020. We agreed and started to support a ministry in Kenya, where Gerald and Louise Mwangi (Crosslinks Mission Partners) serve to train and equip those working with youth and children in Kenyan Anglican churches Financial Review We were blessed that we received a few large one-off donatsons vthich boosted our income during the year. Our regular donations from Church famity members also increased over the year. Both these factors mean that were also able to daim around £2,1))O more in gift aid than we had budgeted for. costs Y￿e slighty lower than antiopated during the year. we underspent in many areas but then had significant overspends related to new tech for Sunday moming gatherings and the cost of running the warni space earlier in the year. We also increased Mike's hours (he is now V•rrking 4 days a ￿k for Cornerstone) and his salary and pension have increased accordingly. Emergency Reserve Saving towards staff costs after June 2023 Money allocated to specific items after June 2022 £ 6.5(M) £24.150 £ 550 The Trustees have agreed the budget for Juty 2023 to June 2024 based upon: O Current regular gtving from our church family. and from outside of the church family Funds that have been set aside to help pay our Pastor. Reserves Policy Comerstone Church will aim to keep reserves equivalent to 3 month's running costs. If our reserves fall below this level. the Trustees will review the budget and adjust accordingly. Safeguarding Comerstone Church Grays is committed to the safeguarding of all thildren and adults, particularly those with care and support needs and ensuring their well-being. We use a Christian charity, Thityone:eighL who are SF>ecialists in safeguarding to support and aifvise us in this area. safeguarding policy is available on our website arKI in paper forni on request and we ask that all those in our church who work with children or vulnerable adults read and understand the policy. Dawn Jessup ￿igned from serving as our Safeguarding Co-ordinator in September 2022. Laurie Eve was asked and agreed to tske on this responsibilty. She went through our safer recruitment process (which was completed in January 2023} and has already had extensive safeguarding training due to being responsible for Safeguarding as a Govemor at a local secondary school. All our trustees and Sunday Sthool leaders have been through the safer recruitrnent pro￿$ and are DBS checked. They have also either completed or are stheduled to complete safeguarding training specffic to their role. INDEPENDENT EXAMI.NER'S REPORT TO THE TRUSTEES OF CORNERSTONE CH￿RCH GRAIS I report lo the trustees on my examinalion of the accounts of Cornerstone Church Grays (-the Lharitv" for ihe l'ear ending 30 June ?0?3. Responsibilities and basis of report As ihe tmstees ol'the Ch￿ty, you arc resw)nsible for the preparation of ihe accounls in accordance wilh ihe requirements of the Charities Act 2011 ('the Aet,). I report in Tespecl of my examinaiii)n ofihe charity's accounls carried oui under section 145 of the 2011 Act and in cmingT Out mv examination I have follo￿.¢d all ihe applicable Dircclions giN'en bv the Charity Commission undeT se¥iion 145(5Mb) of the Acl. IndepeDdent ex&mlDer's Statement I have completed my examination. I contirni that no material matters have Lome to my allention in connection with the examination giving me Cause io believe that in any material respeei.. accounting records We￿ not kepl in respeci ol. the Trust as required b), section 130 ot.the Act: or the accounts do nol accord with those records. I have no concerns and haN'c come across no other matters in connection with thc cNuminalion to which attention sh(Iiild be drawn in this reporl in order io enable a proper undersiandin8 01" the accounts to be reached. Ja.¥on Foxwell FCCA FCIE independenl-exdminer.net 39 F.nfield Road. Poole. BHI 5 3LJ Date: 4 August 2023 CORNERSTONF. CHURCH GRAYS Re¢¢ip¢s and Pavments Aceounl for the year ended 30,lune 202.1 2022 Total Notes TolAI RECEIPTS Regular donation8 includin¥ gift aid One off donations and collLCtions ?8.4?0 12.659 31.637 Total receipts £41.071) £39.960 PAYMENTS Otlice expenditure AMIE Central cost% AMIF. Seed money AMIF Confvrcnce Worship expenditure Mission expenditure PremisL'S hirL Insurance Liccnces Safeguardiiigi expenditure Other expenditiire Staty costs ,393 i.ioo ?50 390 3.834 5011 4.77U 24? 446 ?81 -$5 21.20.f 1.100 193 2.873 i.ouo 3,690 255 432 190 .316 18.714 Tolal payments £34.466 £29.980 Surplu5 of receipts over payments 6,613 9,980 Bank balanLe ai l Julv 20?2 47.845 37.865 Bink balance at 30 June 2023 £S4.458 £47,845 CORNERSTONE CHURCH GRAYS Statement ofAssets and Liabilities at 30 June 2023 Assets -rhe charity h&8 the lolloMing bank and ¢ash balances.. 202.1 2022 york.shire account 54.458 47.845 £54,458 £47,845 Liabilities None. Fund8 I'he Lharily h&q a nuniber i)f desigJnated fund% whiLlI llre inLluded in ilie rLceipts and paymeni8 accoiinis l￿d assei balanies. The respective balaiices ai 30 Jiine 20?3 w'ere.. UDr¢¥tri¢ted fuDdI4 Designated salarv fimd Designated ol-fiLe Lquipment lund Desigynated emergency re8eri'e fiind (iLnero1 lunds 26.625 ?.fjo 6.5(10 14.470 550 6.5110 23.258 TotMI fund26 £44,458 £47,845 Approvcd b}, the iruslees ()n nd sigyiied on Iheir behalf by Rth, Michael Walton Chair