Cornerstone City Church Statement of Financial Activities Year Ending 31 December 2025
| Note Income Voluntary Income (Tithes,Gifts,Special Offerings) 2 Other Income for Charitable Purposes 3 Interest receivable 4 Total income Expenditure Costs of raising funds Expenditure on charitable activities Staff Costs Gifts,Donations,Sponsorships 5 Admin Expenses 6 Total expenditure Net expenditure and net movement in funds for the year Net gains/losses on investments/asset revaluations Net movement in funds Total Funds brought forward Fund Reallocations Total Funds carried forward |
Unrestricted Restricted Total Funds Prior Year Funds Funds 2025 2024 £ £ £ £ 337,113 0 337,113 277,570 59,780 8,512 68,292 126,556 252 0 252 187 |
|---|---|
| 397,145 8,512 405,657 404,313 |
|
| - - - - 122,763 - 122,763 86,332 116,576 0 116,576 138,248 79,459 0 79,459 75,749 |
|
| 318,798 0 318,798 300,329 |
|
| 78,347 8,512 86,859 103,984 - 0 0 0 |
|
| 78,347 8,512 86,859 103,984 |
|
| 149,129 2,399,310 2,548,439 2,444,455 -80,232 80,232 0 0 |
|
| 147,244 2,488,054 2,635,298 2,548,439 |
The statement of financial activities includes all gains and losses recognised in the year.
12
Cornerstone City Church Balance Sheet Year Ending 31 December 2025
| Note Fixed assets 7 Property Equipment and Vehicles Total Fixed Assets Current assets Debtors and accrued income Cash at bank and in hand 8 Total Current Assets Liabilities Creditors falling due within one year 9 Net Current assets Total assets less current liabilities Creditors falling due after one year 10 Net assets Restricted income funds 11 Unrestricted income funds Total Funds carried forward |
Unrestricted Restricted Total Funds Prior Year Funds Funds 2025 2024 £ £ £ £ - 2,550,000 2,550,000 2,500,000 44,731 - 44,731 61,866 |
|---|---|
| 44,731 2,550,000 2,594,731 2,561,866 |
|
| 0 0 0 4,815 105,089 1,534 106,623 93,120 |
|
| 105,089 1,534 106,623 97,935 |
|
| -2,576 0 -2,576 -4,293 |
|
| 102,513 1,534 104,047 93,642 |
|
| 147,244 2,551,534 2,698,778 2,655,508 0 -63,480 -63,480 -107,069 |
|
| 147,244 2,488,054 2,635,298 2,548,439 |
|
| 0 2,488,054 2,488,054 2,399,310 147,244 0 147,244 149,129 |
|
| 147,244 2,488,054 2,635,298 2,548,439 |
13
Cornerstone City Church Statement of Cashflows Year Ending 31 December 2025
| Note Net movement in funds Addback Loans Advanced Deduct Loans Repaid Addback Depreciation Deduct Fixed Asset Additions Decrease/(increase in debtors) Increase/(decrease in creditors) Net cash used in operating activities Cashflows from investing activities Interest and dividends Investments made Net cash provided by investing activities Change in cash equivalents in year Cash and cash equivalents brought forward Cash and cash equivalents carried forward |
Total Funds Prior Year 2025 2024 £ £ |
|---|---|
| 86,859 64,650 |
|
| 3,500 39,476 -50,089 -54,562 32,962 28,133 -62,827 -28,133 4,815 -4,815 -1,717 -3,473 |
|
| -73,356 -23,374 |
|
| 0 0 - - |
|
| 0 0 |
|
| 13,503 80,610 |
|
| 93,120 12,510 |
|
| 106,623 93,120 |
14
Cornerstone City Church Notes Year Ending 31 December 2025
1 ACCOUNTING POLICIES
Statement of Compliance
The financial statements have been prepared on a going concern basis. The Trustees do not believe that there are any factors or material uncertainties which would impact on the assessment of this. The financial statements have been prepared in accordance with the Financial Reporting Standard 102 and the Statement of Recommended Practice (SORP - FRS102) “Accounting and Reporting by Charities” published in July 2014, as required by the Charities (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 recognised 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.
Incoming resources
Voluntary income
Voluntary income is received by way of donations, gifts and legacies (including any associated gift aid relief) and is included in full in the Statement of Financial Activities when received.
Other Incoming Resources
This income relates to amounts received as 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 (rather than when it is paid) and has been classified under headings that aggregate all costs related to the category. The costs in this category represent the running costs of the Church
Charitable activities
These are costs associated with the various ministries and activities 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.
Tangible fixed assets
Assets are stated at cost less accumulated depreciation plus any revaluations
15
Cornerstone City Church Notes Year Ending 31 December 2025
| 2 VOLUNTARY INCOME Tithes Other Gifts,Grants and Donations Gift Aid 3 CHARITABLE ACTIVITIES Building Fund - incInsurance Proceeds Hope Centre - Compassion CAP Income ZOC Income I Heart Derry (incMissions) Youth/Children's Ministry Income Women's Ministry Income Men's Workshop Income Various Other Missions Income Income for Charitable Purposes 4 Investment Income TOTAL INCOME |
Unrestricted Funds £ |
Restricted Funds £ |
Total 2025 £ |
Total 2024 £ |
|---|---|---|---|---|
| 121,380 0 121,380 175,336 200,125 0 200,125 75,365 15,608 0 15,608 26,869 |
||||
| 337,113 0 337,113 277,570 |
||||
| Unrestricted Funds £ |
Restricted Funds £ |
Total 2025 £ |
Total 2024 £ |
|
| 8,512 8,512 2,918 3,557 3,557 18,762 2,077 2,077 2,262 820 820 950 48,868 48,868 62,501 1,332 1,332 286 0 0 122 2,554 2,554 25,264 572 572 13,491 |
||||
| 59,780 8,512 68,292 126,556 |
||||
| 252 0 252 187 |
||||
| 397,145 8,512 405,657 404,313 |
16
Cornerstone City Church Notes
Year Ending 31 December 2025
| GIFTS,DONATIONS,SPONSORSHIP Building Fund Hope Centre - Compassion CAP Youth/Children's Ministries ZOC Food Project I Heart Derry Mens Workshop Other Missions Support Gifts |
Unrestricted Funds £ |
Restricted Funds £ |
Total 2025 £ |
Total 2024 £ |
|---|---|---|---|---|
| 0 0 0 0 18977 0 18977 18271 1200 0 1200 1400 17155 0 17155 1237 1320 0 1320 1230 2181 0 2181 0 34720 0 34720 48295 30459 0 30459 40533 10564 0 10564 27282 |
||||
| 116,576 0 116,576 138,248 |
- 5 GIFTS,DONATIONS,SPONSORSHIP
| ADMIN EXPENSES Vehicle Running Costs Repairs and Maintenance,Cleaning Insurance Light and Heat Office Costs Subscriptions inc CCI Telephone Costs Accountancy Fees Bank Charges Bank Interest Meals and Catering,Special Events Depreciation Sundry Expenses inc Bad Debts Total |
Unrestricted Funds £ |
Unrestricted Funds £ |
Restricted Funds £ |
Total 2025 £ |
Total 2024 £ |
|
|---|---|---|---|---|---|---|
| 2732 10044 4356 16027 1543 3092 1086 1320 311 656 3084 32962 2246 |
2732 2386 10044 9178 4356 3908 16027 14927 1543 78 3092 2784 1086 1335 1320 1140 311 280 656 6685 3084 2663 32962 28133 2246 2252 |
|||||
| 79,459 0 |
79,459 75,749 |
|||||
| 196,035 0 |
196,035 213,997 |
- 6 ADMIN EXPENSES
17
Cornerstone City Church Notes Year Ending 31 December 2025
| Note 7 Fixed Assets Duke Street - Revaluation Motor Vehicles Equipment less Depreciation Total Debtors & Accrued Income Trade Debtors Total 8 Bank & Cash Bank Current Accounts Bank Savings Account Cash Total 9 Creditors within 1 year Trade Creditors PAYE/NIC Due Nest Pension Due Album Accrual Credit Card Other Accruals Total 10 Creditors after 1 year Bank Mortgage Interest Free Loans from Members Total 11 Building Fund Balance b/f Increase for Year Decrease for Year Revaluations Fund Reallocations Balance c/f 12 Unrestricted Reserves Balance b/f Increase for Year Decrease for Year Fund Reallocations Balance c/f Total Reserves |
Unrestricted Restricted Total Funds Prior Year Funds Funds 2025 2024 £ £ £ £ 0 2,550,000 2,550,000 2,500,000 2,505 0 2,505 5,565 42,226 0 42,226 56,301 |
|---|---|
| 44,731 2,550,000 2,594,731 2,561,866 |
|
| 2025 2024 - - - 4815 0 0 0 4815 2025 2024 86,650 1,534 88,184 74,933 18,439 0 18,439 18,187 0 0 0 0 |
|
| 105,089 1,534 106,623 93,120 |
|
| 2025 2024 £0 £0 £0 £189 £0 £0 £0 £723 £356 £0 £356 £847 £0 £0 £0 £625 £1,500 £0 £1,500 £1,069 £720 £0 £720 £840 |
|
| £2,576 £0 £2,576 £4,293 |
|
| 2025 2024 0 0 0 44,593 0 63,480 63,480 62,476 |
|
| 0 63,480 63,480 107,069 |
|
| 2025 2024 0 2,399,310 2,399,310 2,379,439 0 8,512 8,512 2,918 0 0 0 -21,720 0 0 0 0 0 80,232 80,232 38,673 |
|
| 0 2,488,054 2,488,054 2,399,310 |
|
| 2025 2024 149,129 0 149,129 65,016 397,145 0 397,145 401,395 -318,798 0 -318,798 -278,609 -80,232 0 -80,232 -38,673 |
|
| 147,244 0 147,244 149,129 |
|
| 147,244 2,488,054 2,635,298 2,548,439 |