2025-01-31-accounts

CORNERSTONE CHURCH GATE HILL

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] JANUARY 2025

CHARITY NUMBER: 1199574

CORNERSTONE CHURCH GATE HILL BROTHERHOOD, GATE HILL DUNKIRK FAVERSHAM ME13 9LN

INDEX Page Index 1 Trustee’s Report 2 - 3 Receipts and Payments Account 4 Statement of Assets and Liabilities 5 Notes on the financial Statements 6

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CORNERSTONE CHURCH GATE HILL

TRUSTEES’ REPORT YEAR ENDED 31[ST] JANUARY 2025

The trustees are pleased to present their report for the year ended 31[st] January 2025 for the charity, Cornerstone Church Gate Hill with charity number 1199574.

The Trustees of the charity are: Evaline Wanjiru Thomas Grace Choto Janet Soi Thomas Wiggins

The principal address of the charity is : Brotherhood, Gate hill Dunkirk, Faversham ME13 9LN

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a CIO – Foundation Constitution registered 7[TH] July 2022.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.

OBJECTIVES AND ACTIVITIES

The Objects of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.

ACHIEVMENTS AND PERFORMANCE

The Organisation held regular worship services in which members of the public who attended were educated on the principles of the Christian faith.

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FINANCIAL REVIEW

The income of the charity is above £16500. The organisation is still in a good position to manage its costs.

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RESERVE POLICY

It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.

RISK MANAGEMENT

The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.

TRUSTEE RESPONSIBILITIES

Under the Charities Act 2011,the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:

1. Select suitable accounting policies and apply them consistently.

2. Make judgements and estimates that are reasonable and prudent.

3. State whether the applicable accounting standards have been followed.

4. Prepare financial statements on an ongoing basis.

They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.

Approved by the Trustees on 4[th] November 2025 and signed on their behalf by:

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CORNERSTONE CHURCH GATE HILL

ACCOUNTS FOR THE YEAR ENDED 31st January 2025

1 Receipts & Payments Account (General Purpose Fund)

Income Receipts Donations Grant Total Receipts Direct Charitable Expenditure Media Services Transport Welfare Professional fees Travel Refreshments Light & Heat Supplies Volunteer expenses Outreach costs Vehicle expenses Charity Bank charges Hotel Mission Other Expenditure Equipment Insurance Repairs and Maintenance Total Payments Net Receipts/(Payments) for the year Cash Funds brought forward Cash Funds at the end of the year	£/ 2025 £/2024 16585 7020 0 9995
	16585 17015
	680 144 1420 1554 522 855 949 2144 806 0 1484 1600 1650 0 1270 1223 2220 0 6540 3212 0 199 640 470 5 0 298 0 300 620
	18784 12021 802 0 0 64 334 1504
	1136 1568 19920 13589 -3335 3426 3724 298
	389 3724

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CORNERSTONE CHURCH GATE HILL

**2 **	Statements of Assets and Liabilities at 31st January 2025	Statements of Assets and Liabilities at 31st January 2025	Statements of Assets and Liabilities at 31st January 2025
	Monetary Assets
	Cash Funds	Unrestricted Funds
		£/2025	£/2024
		£	£
	Cash at hand and in bank	389	3724
	Total Cash Funds	389	3724
	Assets Retained for the
	Charity's Own use
	Non-monetary Assets and Liabilities
	Musical Instruments
	Equipments	1110	585
		1110	585
	Liabilities
	Bookkeeping services	199	150

These accounts were approved by the trustees and signed on their behalf by: Evaline Thomas ____________

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CORNERSTONE CHURCH GATE HILL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st January 2025

ACCOUNTING POLICIES

Basis of Accounting

These accounts have been prepared on the receipts and payments basis with all revenue and expenses shown on a cash basis. Non-monetary assets are shown at estimates of the value at the end of the year.

Funds

The CIO has a general unrestricted fund that receives voluntary donations from attendants at the services.

The CIO has no outstanding guarantees to third parties no any debts secured on the asstes of the CIO

Public Benefit

The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit.Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

Depreciation

Depreciation is calculated at 20% reducing balance method.

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