CORNERSTONE CHURCH GRAYS A¢count8- 30 June 2024 CONTENTS Genernl Inforn]atton Trustees, Annual Rcport 24 Indcpeiident Examiner's Rew)rt Receipts and Pavments Aecount Statement of Assets and Liabilities CORNERSTONE CHURCH CRAYS G¢Deral Informa¢ioD REGISTERED CHARrrY NUMBEIL. 1192558 TRUSTEES.. Jill Brock Leslie Brock Eileell KellN' Karl Newinan Paula Neminan Felix liornitsn-W&lliams Rev Michael Walion Ichair) ADDRESS: 15 Buttell Close GraNs RM176UN INDEPENDENT EXAMINER: Jason Fox￿¢1] FCCA FCIE 39 Enfield Road Poole BH15 3LJ E. cornerstone CHURCH - GRAYS July 2023- June 2024 Cornerstone Church, Grays Trustees, Annual Report Report approved by Trustees on 22TrJ July 2024 Cornerstone Church Grays is a registered charity Registered Charity Number 1192558 Registered Office: 15, Butteii Close. Grays Esse& RMI 7 6UN Trustees Eileen Elizabeth Kelly FeLix AyodeLe Norman-wdtiams JLII Brock Karl Francis Newman Leslie John Brock Michael Roy Walton Paula Ann Newman Siruclure, Governance and Truslee Recruitment Cornerstone Church, Grays is a Charitsble Incowated Organisation (CIO). Cornerstone is both a church and a charity. a church we are led by eiders, as outlined in the BLble. As a charity we are required by law to have trustees. Since the elders are the leaders of the church, they are also trustees of the charity. However, there are various administrat4ve, financial and legal tssks required of charitie& ￿ such some of the trustees include non-elders to help spread the bad and to oversee important areas of ministry. The trustees are free to govern the d)arity based on its constitution and the charitable aims stated in the constltution. From July 2023 to June 2024 the Trustees met 7 tin￿ to manage the affairs of the charity. The charitable members of Comerstone Church, Grays are the eiders of the church. These members. (n line with the Comerstone'5 constitutiory are able to amend the constltution, if necessary- The charity was formed on the 2W November. 2020. There have been no changes to the Trustee body in the tast 12 month Activities and objectives in the year As stated in our constitirtion our charitsble objectives are the advancement of the Christian faith and such other charitable purposes that put the Christian fatth into prartice. As a church we heid regular Sunday service5 and mid-week bible stu{J￿S with the aim of Helping existing ChtiStians grow in their faith Helping people who are interested to investigate the Christian faith for themselves. Achievements and performance including reporting on public benefil On Sundays, we continue to meet in person at Woodside Academy and for some of the time online via ZoottL We're thankful that individuats who might Struggle to Jokn LJS in person are able to be incliKled via Zoom. Creche, Sunday School and regular Church Family lunches were able to continue in the Last 12 months. We have had 2 bible study groups runniNJ for adults and a separate group for our secondary school aged young people. some of t1￿ have had to stop for a while. whilst our Pastor was off ELI for 3 months. We have continued to support a ministry in Kenya. where Gerald and Louise Mwangi Icrosslinks Mission Partners) serve to train and equip those working with youth and children in Kenyan Angkncan churches. The Sunday seivices have grown numericatly in the last year with now over 40 people regularly worshwping tO9ether Sunday by Sunday. Financial Review We were blessed that we received a fav large one-off donations which Lwsted our income during the year. Our regular donations from Church family members also increased by a slgnificant amount over the year. Both these factors mean that were also abte to claim around £2,000 more in gift aid than we had budgeted for. Our costs were slkghtly tower than anticipated dur¢ng the year we underspent fft many areas. but then had overspends retated to new tech for SLJnday moming gatherings and the increased cost of renting Woodside SchooL We're so thankful that this year our actual income has exceeded our actual expenditure. We have Set aside the fouowing amountr Saving towards stsff costs after June 2024 Reserve £23.834 £11,5CX) The Trustees have agreed the budget for July 2024 to June 2025 based upon: Current regular giving 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 reseNes equ(vaient to 3 month's running costs. If our reserves faiL below this ieveL the Trustees wilL review the budget and adjust accordingly. Safeguarding Cornerstone Church Grays i£ committed to the safeguarding of all children and adults, particularly those with Ca￿ and support need% and ensurtng their well-being. We use a Christian charity. Thityone:eight who are specÉaiists Èn safeguarding to support and ad￿e us in this area. Our safeguarding pokncy is avadabte on our website and in paper form on request and we ask that all those ￿ our church who work with children or vulnerable adults read and understsnd the policy. Laurie Eve continues to service as our Safeguarding Co-ordinator (frorn January 2023). All our trustees and Sunday Sch￿1 leaders have been through the safer recruitment process and are DBS checked. They have also either completed or are scheduled to complete safeguarding training specific to their roie. INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CORNERSTONE CHURCH GRAYS I report to the trustees on my examination of the accounts of Cornerstone Church Grays ('tth¢ charity" for th¢ >e#r ending 30 June 2024. Respollsibilities and basis of report As the trustees of the charÉti'. trou a￿ responsible for the prepardtion of the accounts in accord￿]Ce with the requirements of the Charities Act 2011 ('Ih¢ Act,). I report in respecl of my examination of the Lharity" s actounts carried out under section 145 of the 201 l Ac( and in carrving out my examination I have followed all the applicable Ditt¢tions gi%'en by the ChaTity CoMmi￿10n under section 145(5Xb) of the Aci. Independent examiner's statement I I￿￿.e completed examination. I CODfTh that no material matters ha￿e come to m> altention in com)ection with ihe ¢xamination giving me ¢aus¢ to believe thai in any material res￿1. aecounting records V¥ere not kept in respect of the Tn￿1 as requited by section 130 of the Act- or the accounts do nol accord with those records. I have no concerns amd hai'e come across no other matters in connectÉon iNith the examination to which attention should be draw) in this report in Order lo enable a proper underslanding of ihe accounts to be reached. Jason FoTwell FCCA FCIE indepcndent-examiner.net J9 Enfield Roa& Poole. BHI 5 3LJ Date.. 16 August 2024 CORNERSTONE CHURCH GRA YS Rer¢ipt5 and Pa)"ments Account for the vear ended 30 June 2024 2024 Total 2023 Total Notes RECEiprs Regular donations including gift aid One off donations and collections 35.927 ?8,420 12.659 Total receipts £44.183 £41.079 PA YMENTS Offic¢ expenditure AMIE Central Costs AMIE Seed money AMIE Conference Worship expenditure i ission expenditure Premises hire Insurance Licences Safeguarding expenditure Other expenditure Staff costs 1.908 i.ioo 2iO 380 2.125 2.000 1.393 1.100 250 390 500 4.770 242 446 ?81 55 ?1.205 24? 479 1.030 26 26.266 Total payment$ £41 ?26 £34.466 Surplus of receipts over paym¢nts 2,957 6,613 Bank balance * l July 2023 47.845 Bank balance at 30 June 2024 L47,415 £54,458 CORNERSTONE CHURCH GRAYS Statement of Assets and Liabilities at 30 June 2024 Assets The charity has the following bar& and cash balances: 2024 2023 Yorkshire account 57.415 54.458 £57,41i £54.458 Liabilities None. Fund5 The charity h&s a number of desionaied funds M4)ich are includ¢d in the receipts and payments accounts and assei balances. The respective balances ai 30 June ?024 were: Unrestrieted funds Designated salary fund Desionated otTice equipmeni fund Designafrd emergency reser*'e fund General tijnds 24.150 550 6,iOO 73.258 11.500 Total funds £57,415 £54,458 Approved by the trustees on and signed on thekr behalf by (n e. kn/rf/L Ir 18/26, Rev Mitha¢l W8ltOD Chair