## **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**|