CORNERSTONE
CITY CHURCH
Trustee Annual Report and
Financial Statements 2023

CONTENTS
INTRODUCTION.
LEGALITIES.......
MAIN ACTIVITIES TO FURTHER PUBLIC BENEFIT..
REVIEW OF PUBLIC BENEFIT OUTCOMES FOR 2023.....................................
TRUSTEES RESPONSIBILITIES..................................................
10
INDEPENDENT EXAMINERS REPORT...........................
FINANCIAL STATEMENTS 2023...
12

INTRODUCTION
This is the Trustee Annual Report for Cornerstone City Church as required by the Charity
Commission Nl. This report relates lo the financial year From 131 January 2023 to 31 $1
December 2023.
This document has been prepared based on guidance provided by the Charity
Commission Nl.
Signed on behalf of Trustees: . 21 $t February 2024
6LI
David Gamble
Chairperson
John Loughery
Trustee

LEGALITIES
The church is registered as a charity under the name Cornerstone City Church but
is also on occasion referred to just as Cornerstone or Cornerstone Church.
The church is registered with the Charity Commission under the number NICI 02984,
and with Her Majesty's Revenue & Customs (HMRC) under the reference XR25207.
The principal address of the church and of its office is...
40 Duke Street
L'Derry
BT47 6DQ
TRUSTEE NAME
SERVED DURING 2023
David Gamble
Yes
John Loughery
Yes
Carolyn Smith
Yes

MAIN ACTIVITIES TO FURTHER PUBLIC BENEFIT
# l The Advancement of Religion
Our principle activity and purpose is to provide a Christian place of worship in the
Derry/Londondeiry area for all those who wish to participate on a temporary or
longer-term basis. The direct benefits that flow from this purpose include open public
access to Sunday services (including prayer. praise, worship, and Christian
teaching), midweek prayer/bible study groups and pastoral services. Additional
benefits include contribution to the mental, spiritual and emotional health and
wellbeing of members and contribution to moral improvement in society. These
benefits are demonstrated through numbers of formal members, and attendance
at Sunday services and midweek prayer/bible study groups. The purposes of our
charity may lead to harm if people feel pressured to join or stay in our church, but
we can show that this potential harm is heavily outweighed by the benefits through
the fact that people may choose freely to join, stay or leave membership at any
time. The only private benefit flowing from this purpose is payment of Pastoral
Church Leaders or other staff. and this is incidental, necessary and integral to the
furtherance of the charity's purposes.
Our church offices are open to all during normal working hours. and our church
building is open to all for specific church services and meelings. We deliver Sunday
services. midweek prayer/bible study groups, pastoral support. faith-based
conferences, worship events, and outreach.
#2 The Prevention or Relief of Poverty
The first direct benefit which flows from this purpose includes the alleviation of debt
related poverty to all those in debt in the Foyle area who wish to use the service.
These benefits are demonstrated through the provision of the Foyle 'Christians
Against Poverty, (CAP) branch, the numbers of service users. and the number of
budget management courses run. Another direct benefit that flows from this
purpose includes the relief of poverty by providing food and clothes through our
newly established Hope Centre. These benefits are demonstrated through the users
of the Hope Centre, and the number of food parcels handed out to those in need.
If is difficult to imagine a scenario where there may be harm or detriment that
outweighs the good work being carried out. If service users felt forced to join the
church as a result of engaging with the Hope Centre or debt advice this could
perhaps lead to harm, however this harm is outweighed by the benefits through
ensuring staff are fully trained to mitigate this po55ibility happening. The only private
benefit flowing from this purpose is the payment of one Christians Against Poverty
staff member and one Hope Centre staff member. This is incidental and necessary
because the services require these two paid roles in order to function.

We run the Foyle branch of 'Christians Against Poverty, in the Derry/Londonderry
area to people in debt who refer themselves to our service. This is a service that
works to address the cause of poverty. and debt as a cause of poverty. We provide
practical money management courses, advice and debt counselling services. and
occasional small emergency support e.g. food packages. In November 2019 we
opened 'The Hope Centre, to meet the practical needs of people in
Derry/Londonderry through the provision of food, clothes, and other services. We
also work in partnership with olher agencies within the city, who refer people in need
of practical help to our Hope Centre. In response to the Corona-virus pandemic we
converted our Foodbank into a 'Drive-Thru Foodbank, from April 2020. This saw a
significant increase in the volume of people using the services of the Foodbank since
its launch and has continued lo grow in 2023.
#3 The Advancement of Human Rights, Conflict Resolution, Reconciliation, and the
Promotion of Religious Harmony, Racial Harmony, Equality and Diversity.
The direct benefits that flow from this purpose include the promotion of
reconciliation to the public in the Foyle area. These benefits are demonstrated
through the numbers of reconciliation or cross-community aclivities led by or
engaged by church members through the church. The purposes of our charity may
lead to harm if the staff or volunteers with inexperience in the field of reconciliation
were not fully briefed, but we can show that this harm is outweighed by the benefits
through ensuring our staff and volunteers are appropriately trained and prepared.
The only private benefit flowing from this purpose is training, skills and experience
provided to staff and volunteers. and this is incidental and necessary because it is
needed in order to deliver this benefit.
We work alongside other churches in the interests or reconciliation and promotion
of religious harmony. Through the Hope Centre we have been partnering with
Probation Nl to provide a safe space for individuals to complete their community
service hours. We also run an '1 Heart Derry, outreach week annually providing
children's work and community development/relations activities in different areas
of Derry/Londonderry to people ot diverse identities.
We have regarded to all statutory guidance for the provision of these public
benefits. The charities beneficiaries for the above purposes are primarily those
residents in the Derry/Londonderry area who choose to engage in Christian worship
through the church. Wider beneficiaries are the public who use our 'Christians
Against Poverty, debt service. the Hope Centre, Street Pastors service, or who
engage with our other community activities.

REVIEW OF PUBLIC BENEFIT OUTCOMES FOR 2023
#l The Advancement of Religion
OUTCOME: Throughout the year we effectively created open access for members
of the public to attend Sunday services. which provide a space for people to
worship God. pray together and grow in their faith. This is further enhanced by
opportunities to join together for midweek prayer/ bible study groups.
ACTIVITY: We held weekly Sunday services that were predominantly attended by
members of Cornerstone, but some others from the local area also attended. We
also held weekly midweek prayer/bible study groups throughout the year.
In 2023 we have seen an increase in those from BAME communities attending our
Sunday services and engaging with the organisation.
We have also seen an increase in those living in financial and food poverty
attending our Sunday services and engaging with the organisation.
IN-PERSON STATISTICS:
Adult Members
130
Children (Under 181 of Adult Members
Average Weekly Attendance
Average Weekly Adult Attendance
Average Weekly Children (Under 121 Attendance
Midweek Groups
Midweek Groups Attendance
70
160
120
40
10
75

#2 The Prevention or Relief of Poverty
OUTCOME: Our 'Christians Against Poverty, (CAP) free debl service enabled people
from the Derry/Londonderry area to begin the process of becoming debt free as
well as learning how to better budget their finances going forward. Our Hope
Centre, which opened in November 2019, supported multiple people in need from
Derry/Londonderry Ihrough our Food Bank & Clothing Bank.
ACTIVITY: Our CAP manager meets each potential client up to three times to gather
information regarding their current debt, income/expenditure levels to ascertain the
best way forward for each client, which often includes crealing a budget and
repayment plan. We also, if required. provide extra support through trained
volunteers. Our Hope Centre meets the practical needs of individuals within
Derry/Londonderry by providing food and clothes, and also signposts people to
other services available within the city.
STATISTICS:
CAP Clients
13
Of which were new
CAP Clients Debt Free
Hope Centre Clients {Est.)
Hope Centre Food Parcels Deliveries (Est.)
Hope Centre Christmas Hampers
Hope Centre Christmas Toy Vouchers
Money Spent on Food Parcels
300 {householdsl
1,000 (households)
150 (households)
35 Ihouseholdsl
£20,000.00
#3 The Advancement of Human Rights, Conflict Resolution. Reconciliation, and the
Promotion of Religious Harmony, Racial Harmony, Equality and Diversity.
OUTCOME: Our '1 Heart Derry, outreach week engages and impact5 both children
and adults from all sectors of the community bridging potential divides.
ACTIVITY: On the first week of July we host our annual l Heart Derry outreach week.
As part of that week. we hosted a kids club, football camp and carried out clean-
up projects in a few local communities.

STATISTICS:
l Heart Derry Volunteers
Kids Week Attendance
60
110
Football Camp Attendance
50

statement of Trustees, responsibilities in respect of the Annual Report and the
rinancial statements
The charity trustees are responsible for preparing a trustees, annual report and
financial
statements in accordance with applicable law and United Kingdom Accounting
standards {United Kingdom Generally Accepted Accounting Practice), including
FRS102 the Financial Reporting Standard applicable in the United Kingdom and
the Republic of Ireland.
The law applicable to charities in Northern Ireland requires the charity trustees to
prepare financial statements for each year which give a true and foir view of the
state of affairs of the charity and of the incoming resources and application of
resources, of the charity for that period.
In preparing the financial statements, the trustees are required to:
-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the applicable Charities FRSI 02 SORP;
-make judgments and estimates thal are reasonable and prudenl.,
-state whelher applicable Accounting Standards have been followed. subject lo
any
material departures that must be disclosed and explained in the financial
statements." and
-prepare the financial statements on the going concern basis unless it is
inappropriate to presume that the charily will continue in business.
The trustees are responsible for keeping proper accounting records that disclose
with reasonable accuracy at any time the financial position of the charity and to
enable them to ensure that the financial statements comply with the Charities Act
(Northern Ireland) 2008 the applicable Charities {Accounts and Reports}
Regulations (Northern Ireland) 2015. and the provisions of the Trust deed. They are
also responsible for safeguarding the assets of the charity and taking reasonable
steps for the prevention and detection of fraud and other irregularities. The trustees
are responsible for the maintenance and integrity of the charity and financial
information included on the charity's website in accordance with legislation.
10

Independent examiners report to the charity trustees of Cornerstone City Church
I report on the accounts of the charity for the year ended 31 December 2023, which are set out on
pages 12 to 18
Respective responsibilities of charity trustees and examiner
As the charity trustees you are responsible for the preparation of the accounts in accordance with
the requirements of the Charities Act (Northern Ireland} 2008.
It is my responsibility to..
Examine the accounts under section 65 of the Charities Act
Follow the procedures laid down in the general Directions given by the Charity Commission
for Northern Ireland under section 65{9llbl of the Charities Act
State whether particular matters have come to my attention
Basis of independent examiner's report
I have examined your charity accounts as required under section 65 of the Charities Act and my
examination was carried out in accordance with the general Directions given by the Charitv
Commission for Northern Ireland under section 65191{bl of the Charities Act. The examination
included a review of the accounting records kept by the charity and a comparison of any unusual
Items or disclosures in the accounts, and seeking explanations from you as charity trustees
concerning any such matters.
My role is to state whether any material matters have come to my attention giving me cause to
believe:
l. That accounting records were not kept in accordance with section 63 of the Charities Act.
2. That the accounts do not accord with those accounting records
3. That the accounts do not comply with the accounting requirements of the Charities Act
4. That there is further information needed for a proper understanding of the account5 to be
reached.
Independent Examiners Statement
As the charity's gross income did exceed £250,000, I can confirm that l am a registered member of
the Institute of Chartered Accounts in Ireland and am qualified to undertake the examination.
I have completed my examination and have no concerns in respect of the matters11) to (41 listed
above and, in connection with following the Directions of the Charity Commission for Northern
Ireland, I have found no matters that require drawing to your attention.
Signed: Z)4vid Z)0rf9&4
Name: David Joseph James Douglas FCA (Chartered Accountant)
Address: I Caw Hill Park, Londonderry BT47 6LU
Date: 21st February 2024
11

Cornerstone City Church
Notes
Year Endbng 31 December 2023
S GIFTS.DONATIONS,SPONSORSHIP
Unrestricted
Funds
Restricted
Fund5
Total
2023
Total
2022
Building Fund
Hope Centre- Compassion
CAP
Youlhlchildren's Ministries
CSM
zoc
HOTS
Social Fundlolher Agencies
l Heart Derry
Dwelling Place Team
OtheT Missions Support
1396
1396
19778
3648
226
2463
1200
45
174
26134
3762
700
1442
1200
19778
3648
226
2463
1200
45
396
14497
3859
16143
31095
31095
14841
14841
73.296
1,396
74,692
68,307
6 ADMIN EXPENSES
Unr¢stri¢ted
Funds
Restricted
Funds
Total
2023
Total
2022
Vehicle Running Costs
Repairs and Mainlenance,Cleaning
Travel Costs
Insur8nc8 inc Health
Renl and Rates
Light and Heal
Office Costs
Subscriptions inc CCI
Telephone Costs
A¢¢ountan¢y Fees
Bank Charoes
Bank Interest
Meals 8nd C81ering,Special Events
SunL4ry Expenses
3000
5708
685
3994
3000
5708
685
3994
3067
10638
3081
6174
363
18166
1486
6498
1133
1200
243
9548
4381
1649
f5407
1185
5093
1298
1020
426
15407
1185
5093
1298
1020
426
12447
3765
2870
12447
3765
2870
44.451
12.447
56,898
67,627
Total
17

Cornerstone Citychurch
Notes
Year Endin8 31 De¢ernber2023
Note
Unre5trlrted
Fund5
Restilcted
Funds
Total Funds
2023
Prlpr Year
2022
Flxed I3sets
Duke Street- Purchase
Duke Street- Improvements
Duke Street- Revaluatlon
MotorVehicle5
Equiprnent
352,737
508,526
2.500.000
2,50D,000
5,565
56.301
5,565
56,301
1.200
16,5CQ
Total
61,866
2,$00.OOD
2,561.866
878,963
8 8ank & Cash
2023
2022
Bank Current a/c- Nol alc
Bank Current 3/c- BuildinE Fund
Cash
10,916
10,916
28.163
1,594
1,594
1,624
Total
10,916
L594
Il510
29.797
2023
2022
9 Creditorswlthln l year
Trade Creditor5
PAYE/NIC Due
Nest Pension Due
Alburn Accrual
Credit Card
Other Accrua15
£0
£4.531
£0
£625
£1,950
£660
£0
£0
£0
£0
£0
£0
E796
£1,635
£348
£644
£3.334
£660
£4,531
£0
£625
£1.950
£660
Total
£7,766
£0
£7,766
£7,417
10 CrÈdltors after I year
2023
2022
Bank Mortgage
New Loan
Interest Free Loan
99.155
99,155
136,766
21,584
23,000
23,000
Total
121155
122.155
158.350
11 Buildlnc Fund
2023
2022
Balance blf
704538
704,S38
650,262
Increè5e fDrYear
D2trea5e for Year
Rev21uations
Tr3nsfer of Funds
47,148
-13,843
1.636.822
4.774
47.148
-13.843
1.636,822
4.774
12.379
-9,722
51.619
Balance df
2.379.439
2,379039
704,538
12 Llnrestrfrted Re5erwe5
2023
2022
Balance blf
38,445
38,445
33.413
Increase for Year
Oecrea5e for Year
Transfer of Fund$
Balahce clf
260,823
-229,478
4.774
65,016
260,823
-229,478
4,774
65,016
289.992
-233.341
-51.619
38.445
Totsl Reserves
65.016
2.379.439
2,444,455
74Z,983
18

Cornerstone CItyChur¢h
Statement of Flnanclal Activitle5
Year Ending31 December 2013
Llnrestrlcted
Funds
Resttitted
Funds
Total Funds
2023
Prforyear
2022
Income
Voluntary Income (mthes,Glfts,Speual Offerln6sl
Other Income for Charitable Purposes
Interest receivable
191.773
69,050
191.773
116,198
238.110
64,261
47,148
Total Income
260.821
47,148
7.971
302,371
Expendlture
CostsofrGlslnofunds
Expenditure on choriroble octivitle5
Staff Costs
Gifts,Donatlons.Sponsorships
Admin Expenses
111.731
73,296
44,451
111.731
74.692
56.898
L07.129
68,307
67,627
1.396
12,447
Total expendlture
229.478
11,843
243.321
243.063
Net expendlture and net movemont In funds for the year
11345
33.305
S9.308
Net Rainsllosses on Investmentslasset revaluatlons
1.636,822
1,636.822
Net movemenl funds
31.34S
L670.12Y
1.701.472
59.308
Total Fund5 brou¥ht forward
Transfers Inetl
38,445
-4.774
704,538
4,774
74Z,983
683,675
Total Funds tarried forward
65,016
2.179.439
2.444A55
742.98a
The statement of financial attivitles Includes all 8alns and losses recognised in the year.
12

Cotnorstorte City Church
Balat)ce Sheet
Year Ending 310ecember 2023
Note
Unrestrl¢tÈd
Funds
Restricted
Funds
Total Fund5
2023
PrSor Year
2022
Flxed trssets
Property
Equipment and Vehicles
2.500.000
2,500,000
61,866
861.263
17.7
61,866
Total Flxed Assets
61,866
2,500,000
2,561,866
878,963
Currentflssets
Debtors and accrued income
Cash at bank and In hand
10.916
1.594
12,510
29,787
TotolCurrentAssets
10,916
1.594
IZ.510
29.7B7
Llobllltles
Creditor5 falling due within one year
-7.766
-7,766
-7,417
Net Curyenta$sets
3,150
L594
4.744
22.370
Total a55et5 le55 current liabllltles
65,016
Z,50L594
2,566.610
901,333
Creditors falling due afterone year
io
-122,155
-122,155
-158,350
Net assets
65.016
2,379.439
l444,455
74l983
RestrittÈd Income funds
Unrestricted income funds
li
2.379.439
2.379.439
65,016
704.538
38.445
65,016
Totsl Funds carrred forward
65.016
2.379,439
2.444,455
742,983
13

Cornerstone Citychurch
StatÈment of CHshflow$
Year Endin8 31 December 20Z3
Note
Total Funds
20Z3
Prlor Year
2022
Net movement in funds
64,650
59,308
Addback Loans Advanced
Deduct Loans Repaid
Addback Depreciation
DÈduct Fixed AssÈtAdditlons
Decrease/lincrease in debtorsl
Increaselldecrease in creditarsl
23,000
-59,195
-48.582
-46,081
-10,021
349
1.047
Netta5h used in optratinE aclivitie5
-81,927
-57,556
Ca5hAlowsfrorn investing LTCtivitie5
Interest and dividend5
Inve5trnents rnade
Net tash piovlded by Investlng actlvltles
Change In cash equlvalents In year
-17,277
1,752
Cash and cash equivalents brought forwar(S
29.787
28,035
Cash and cash equiwalents carrled forward
12,510
29,787
14

Cornerstone City Church
Notes
Year Ending 31 December 2023
1 ACCOUNTING POLICIES
statement of Compllance
The financial statement5 have been prepared on a going concern basis. The Trustee5 do not
believe that there are any factors or material uncertainties which would impact on the assessment
of this. The flnancial statements have been prepared in accordance with the Financial Reporting
Standard 102 and the Statement of Recommended Practice ISORP- FRS1021 "Accounting and
Reporting by Charitles. published in July 2014, as required by the Ch3rities (Accounts and
Reports) Regulations (Northern Ireland) 2015. These statements have been prepared on an
accruals basis as required by the SORP. Assets and liabilities are initially recogni5ed at historical
Cost or transaction value unless otherwise stated in the relevant accounting policy. A summary of
the more important accounting policies, which have been applied consistently* are set out below.
Incomlng resources
Voluntary income
Voluntary income is received by way of donations, gifts and legacies (including any assoclated
gift aid reliefj and is included in full in the Statement of Financial Activities when received.
Other Incoming Resources
This income relates to amounts received a5 a result of the charitable status. The Income
comprises grants and miscellaneous income. These are accounted for in the period to which
they relate (rather than the period when they are received).
Resources expended
All expenditure Is accounted for in the period to which it relates Irather than when It is paid) and
has been classified under headin8S that a8greg3te all costs related to the cate80ry. The costs in
this category represent the running Costs of the Church
Charitable artivities
These are costs associated with the various ministries and actlvlties of the Church and its.
contribution to Christian works within the UK and throughout the world. These costs are
accounted for based on the timing of the decision to allocate funds rather than when the payment
is made.
Tanglble fixed assets
Assets are stated at cost less accumulated depreciation plus any revaluations
15

Cornerstone City Church
Notès
Year Ending 31 December 2023
2 VOLUNTARY INCOME
Unrestricted
Funds
Restricted
Funds
Total
2023
Total
2022
Tithes
Other Gifts,Granls and Donations
Gift Aid
131,769
24.334
35,670
191.773
131,769
24,334
35.670
191,773
119.328
87.355
31.427
238,110
3 CHARITABLE ACTIVITIES
Unrestrlctèd
Funds
Restrlct8d
Funds
Total
2023
Total
2022
Bulldlng Fund
Hope Centre- Comp85s1on
CAP In¢omg
CSM Income
ZOC Income
l Heart Derry Iln¢Missionsl
Youlhlchildren's Ministry Income
Women's Ministry Income
Various Other Missions Income
47,148
47,148
30.728
2,304
2,002
900
30.fj85
12,379
30,705
2.050
2.464
900
11,255
945
1,153
2.410
30.728
2.304
2,002
900
30.685
2,426
2.426
Income for Charitable Purposès
69,OSO
47.148
116.198
64,261
4 Investmont Incomg
TOTAL INCOME
260,823
47,148
307,971
302,371
16