REGISTERED COMPANY NUMBER: N1630224 (Northern Ireland}
REGISTERED CHARITY NUMBER.. N100422
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 March 2023
Cornerstone Church
S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN

Cornerstone Church
Contents of the Financial Statements
for the Year Endèd 31 March 2023
Page
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
10 to 15
Detailed Statement of Financial Activities
16 to 17

Cornerstone Church
Report of the Trustees
for the Year Ended 31 March 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006,
present their report with the financial slatements of the charity for the year ended 31 March 2023.
The trustees have adopted the provisions of Accounting and Reparting by Charities: Statement of
Recommended Practice applicable to charilies preparing their accounts in accordance wilh the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1
January 20191.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document. a Memorandum of Association and Articles of
Association. and constitutes a limited COTnpany: limited by guarantee, as defined by the Companies
Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
N1630224 (Northern Ireland)
Registered Charity number
N100422 (Northern Ireland)
Registered office
Units 7-8 Rathfriland Enterprise Centre
Downpatrick Street
Rathfriland
Co. Down
BT34 5DQ
Trustees
A J Ervine
A J Murray
A D Murray
M C E Somerville
Independent Examiner
S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN

Cornerstone Church
Report of the Trustees
for the Year Ended 31 March 2023
This report has been prepared in accordance with the special provisions of Part 15 of the Companies
Act 2006 relating to small companies.
Purposes
The promotion and fijrtherance of the Christian religion through holding meetings for the
promulgation of the Gospel and promotion of physical, mental and spiritual welfare of persons within
Northern Ireland.
The relief of poverty, financial and social hardship as need may arise worldwide by providing goods.
services, medical care and other grants of money for providing or paying for infrastructure, items,
services. facilities and otherwise meeling need and deprivation_
Developing the capacity and skills of Ihe members of socially and economically disadvantaged
communities in such a way Ihat they are better able to identify and help meet their needs and lo
participate more fully in society.
The relief of sick and disabled persons and promolion of their physical and spiritual welfare. The
relief of menlal and physical sickness of persons suffering as a result of bereavement. loss. family
breakdown. redundancy or financial hardship by the provision of counselling and support for such
persons.
Providing a ￿ntre open to all (without distinction of sex. sexual orientation or of race, political:
religious or other opinions) in an effort to advance education and to provide facilities in the interests
of social welfare for recreational leisure time occupation with the objective of improving conditions
of life for residents in the viciniiy of the centre.
Helping young people through:
The provision of recreational and leisure time activities, including residential weeks or
weekends. provided in the interest of social welfare: designed lo improve their conditions of
life.
Providing education. support and activilies which develop Iheir skills, capacities and
capabilities to &nable them to participate in society as mature and responsible individuals.
Providing financial support to evangelisls. missionaries and organisations promoting the Christian
religion.
Beneficiaries
The beneficiaries are members, their families, those connected with the Church, the local community
and Ihe general public.
Public Benefit
The facilitalion of regular public worship, training and biblelprayer gatherings, promoting the
physical, mental and spiritual wellbeing of society.
Relief of the needs of people suffering from social exclusion or other hardships bolh locally and
abroad. This includes financial supportto partneragencies. locally and abroad. who work to alleviate
poverty and hardship.
Greater social inclusion for members of socially and economically disadvantaged commuriities and
social integration via provision of opportunities to socialise in public worship gatherings, community
meetings and opportunities to attend classes to develop skills necessary lo function and parlicipate
more fully in society.

Cornerstone Church
Report of the Trustees
for the Year Ended 31 March 2023
The provision of support on practical, physical and spiritual levels for those in our
community who are sick. disables or infim and improved physical. efflolional and spiritual
wellbeing.
Alleviation and relief of those within our metnbership and community, in response to such
issues as bereavement, loss, family breakdown, redundancy or financial hardship who
receive practical, physical, emotional and spiritual support from Cornerstone Church
including by pastoral care and counselling
Provision of a centre which is open. available and accessible lo all from society regardless
of sex, sexual orienlation, race. political or ieligious opinion or any other social background
which can be used to enhance education. 5eisure. recreational. social and communily
integration opportunities for local residents.
Provide support to local young people related to educational, social and recreational
development through provision of activities. training and advice both in group settings and
individual contact.
Promotion and advancemenl of the Christian faith through evangelists, missionaries and
organisalions supported financially and otherwise by Cornerstone Church.
Private Benefit
A private benefit is to the financially supported members of staff. However, this is both
incidental and necessary to ensure the objects of the charity are carried out to the required
standards.
Activities- Summary of Activities
Weekly Sunday services
Weekly Connect Group gatherings
Children's meetings
Monlhly prayer evenings
Chrislians Against Poverty debt centre
The Well foodbank
Cornerstone youth meetings
Supporting minislries abroad
Main Achievements for the Year
Vvorship services held each week throughout the year
Prayer ministry available
CAP debt centre operating - CAP money course
Food Irolley in local supermarket
Monthly prayer meetings
Connect group meeting each week
Christmas family service
Fuel poverty appeal
Food parcels
Community BBQ and picnics throughout the year
Easter programs - Eggsplorers and Hope Explored
Youlh revision club
Ukraine appeal- charity football match
Year 8 '1t's Your Move workshop

Cornerstone Church
Report of the Trustees
for the Year Ended 31 March 2023
Men's Bible study
Ladies, Bible study
5 week course on 'eat well. spend less.
Reftecl- baby loss awareness
Youth outings Belfast
Financial Review
The congregation's Tnain source of income is memberfs contributions through weekly
donations. Theie were 42 contributors during the year (40 in previous year, 2022) donating
a total of £84.866 {£80,770 in previous year. 2022).
The total income of the congregation during the year was £113.323. compared to £81,236
in the previous year.
Tolal expenditure decreased from £100,856 in 2022 to £97.802 in 2023.
Reserves Policy
The trustees have considered the level of unrestricted reseNes thal it is appropriate lo hold,
taking account of current and ongoing commitmenls. It is the policy of the trustees to hold
belween three and six month.s nomial expendilure. At the year end, unrestricled reserves
were £30.635. which represents a higher level of reserves. The trustees however, consider
it prudent to hold reserves at this level as the funding of its present activities is dependent
on the on-going financial support of members and lo allow the purchase of a building for
the charity in the future.
Approved by order of the board of trustees on 3 November 2023 and signed on its behalf
by
Muiray- Trustee

Independent Examiner's Report to the Trustees of
Cornerstone Church
I report on the accounts of the company for the year ended 31 March 2023, which are set out on
pages seven to sevenleen.
Respective responsibilities of charity trustees and examiner
As the charitrfs trustees (and also the directors forthe purposes of company law) you are responsible
for the preparalion oflhe accounts in accordance with the requirements of Ihe Companies Act 2006.
Having satisfied myself that the charity is not subjecl to audit under company law and is eligible for
independent examination. it Is my responsibility to.
examine the accounts under Seclion 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(9}Ib) of the Charities Act
slate whether particular matters have come to my attention.
Basis of the independent examinerfs report
I have examined your charity accounts as required under Section 65 of the Charities Acl and my
examination was carried oul in accordance with the general Directions given by the Charity
Commission for Northem Ireland under Section 65(9)(b) of the Charities Act. The examination
included a review of the accounting records kept by the charity and a comparison of the acGounts
presented with those records. It also included consideralion of any unusual items or disclosures in
the accounls, 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:
That accounting records were not kept in accordance with Section 386 of the Companies Act
2006
That the accounls do not accord with those accounting records
That the accounts do not comply with the accounting requirements of Section 396 of the
Companies Act 2006 and with Ihe methods an(J principles of the Charities Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland
That there is further information needed for a proper understanding of the accounts to be
reached.

Independent Examiner's Report to the Trustees of
Cornerstone Church
Independent exaniinerfs statement
I have completed my examination and have no COn￿rnS in respect of the matters (11 to {4) 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.
Brian Magennis FCCA FCA
S.M. Vint & Company
Chartered Cettified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN
Date:
3./::17?ZS

Cornerstonè Church
Statement of Financial Activities
for the Year Ended 31 March 2023
2023
Total
funds
2022
Total
funds
Unrestricted Restricted
fund
fund
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
101,534
101,534
80,771
Charitable activilies
Other charitable activities
11.200
11,200
Investment income
95
494
589
465
Total
112.829
494
113,323
81.236
EXPENDITURE ON
Charitable activities
Other charilable activities
95,987
95,987
98,628
Other
1.815
1,815
2,228
Total
97,802
97,802
100,856
NET INCOMEI(EXPENDITURE)
15.027
494
15,521
(19.6201
RECONCILIATION OF FUNDS
Total funds brought forward
Transfer between funds
24.267
20.291
50,432
(20.291)
74,699
94,319
TOTAL FUNDS CARRIED FORWARD
59.585
74.699
The notes form parl of these financial statements

Cornerstone Church
Balance Sheet
31 March 2023
2023
Total
lunds
2022
Total
funds
Unrestricted Restricted
fund
fund
Notes
FIXED ASSETS
Tangible assets
27.288
27,288
10,051
CURRENT ASSETS
Debtors
Cash at bank and in hand
3,271
64,176
65.981
30,635
96,616
65,981
30.635
96.616
67,447
CREDITORS
Amounts falling due within one year
(3.684)
(3,684)
(2,799)
NET CURRENT ASSETS
62.297
30,635
92,932
64,648
TOTAL ASSETS LESS CURRENT
LIABILITIES
89,585
30,635
120,220
74,699
ACCRUALS AND DEFERRED INCOME 11
(30,000)
(30.0001
NET ASSETS
59.585
30.635
90,220
74,699
FUNDS
Unrestricled funds
Restricted funds
12
59.585
30,635
24,267
50,432
TOTAL FUNDS
90,220
74,699
The charilable company is entitled to exemption from audit under Section 477 of the CompaNies Act
2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of ils financial statements for the
year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
{a} ensuring that the charitable company keeps accounting records that comply with Sections 386
and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the
charitable company as at the end of each financial year and of its surplus or deficit for each
financial year in accordance with the requirements of Sections 394 and 395 and which
othenNise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Continued...

Cornerstone Church
Balance Sheet- continued
31 March 2023
These financial statements have been prepared in accordance with the provisions applicable to
charilable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and aLJthorised for issue on 3
November 2023 and were signed on its behalf by:
A J Murray-
ustee
M C E Somerville - Trustee
The notes form part of these financial statements

Cornerstone Church
Notes to the Financial Statements
for the Year Ended 31 March 2023
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit enlity under FRS
102, have been prepared in accordance with Ihe Charities SORP (FRS 102) 'Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 102) (effeclive 1 January 2019).. Financial Reporting Standard 102
'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the
Companies Act 2006. The financial statements have been prepared under the historical cost
convention.
Income
All income is recognized in the Slatemenl of Financial Activities once the charity has
entitlement to the funds. il is probable that the income will be received and the amount can be
measured reliably.
Expenditure
Liabilities are recognized as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that a transfer of economic benefits
will be required in settlement and the amount of the obligation can be measured reliably.
Expenditure is accounted for on an accruals basis and has been classified under headings
that aggregate all cost related to the category. Where costs cannol be directly attributed to
particular headings they have been allocated to aclivities on a basis consistent with the use of
resources.
Tangible fixed assets
Depreciation is provided at Ihe following annual rates in order lo write off each asset over its
estimated useful life.
Taxation
The charity is exempt from corporation tax on its charitable activitiès.
Fund accounting
Unreslricted funds can be used in accordance with the charitable objectives at the discretion
of Ihe trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the
charity. Restrictions arise when specified by the donor or when funds are raised for particular
restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the
financial statements.
10
continued...

Cornerstone Church
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
INVESTMENT INCOME
2023
2022
Deposit account interest
589
465
NET INCOMEI(EXPENDITURE)
Net incomel(expenditure) is stated after chargingl(crediting)-.
2023
2022
Depreciation - owned assets
6.822
2,512
TRUSTEES, REMUNERATION AND BENEFITS
2023
2022
Trustees. salaries
31.442
30,233
Trustees. expenses
There were no trustees. expenses paid for the year ended 31 March 2023 nor for the year
ended 31 March 2022.
STAFF COSTS
The average monthly number of employees during the year was as follows:
2023
2022
Pastoral
No employees received emoluments in excess of £60.000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricte(J Restricted
fund
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
80.771
80,771
Investment income
465
465
Total
80,771
465
81,236
EXPENDITURE ON
Charitable activities
Other charitable activities
98,628
98,628
11
continued...

CorneTStone Church
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted
Total
fund
fund
funds
Other
360
2.228
Total
100496
360
100,856
NET INCOMEI{EXPENDITURE)
(19,725)
105
119.6201
RECONCILIATION OF FUNDS
Total funds brought forward
43,992
50.327
94,319
TOTAL FUNDS CARRIED
FORWARD
24,267
50,432
74.699
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
COST
Al 1 April 2022
Additions
19,377
24,059
Al 31 March 2023
43,436
DEPRECIATION
At 1 April 2022
Charge for year
9.326
6,822
At 31 March 2023
16,148
NET BOOK VALUE
Al 31 March 2023
27,288
Al 31 March 2022
10,051
12
continued..

Comerstone Church
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Other debtors
3.271
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Bank loans and overdrafts {see note 10)
Trade creditors
Social security and other taxes
Accrued expenses
1,470
501
513
1,200
275
501
823
1,200
3.684
2,799
10. LOANS
An analysis of the maturity of loans is given below-.
2023
2022
Amounts falling due within one year on demand:
Bank overdrafts
1,470
275
11. ACCRUALS AND DEFERRED INCOME
2023
2022
Accruals and deferred income
30.000
12. MOVEMENT IN FUNDS
Net
ovement
in funds
At
31.3.23
At 1.4.22
Unrestricted funds
General fund
24,267
35,318
59,585
Restricted funds
Building Fund
50,432
(19,797)
30,635
TOTAL FUNDS
74,699
15,521
90,220
13
continued...

Cornerstone Church
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
12. MOVEMENT IN FUNDS - continued
Net movement in funds and transfers, included in the above are as follows:
Incoming
resources
Resources Movement
expended
in funds
Unrestricted funds
General fund
112,829
(77,511}
35,318
Restricted funds
Building Fund
494
(20.291)
(19,797)
TOTAL FUNDS
113.325
97.802)
15,521
Comparatives for movement in funds
Net
movement
in funds
At
31.3.22
At 1.4.21
Unrestricted funds
General fund
43,992
(19,725)
24.267
Restricted funds
Building Fund
50,327
105
50,432
TOTAL FUNDS
94,319
19,620)
74,699
Comparative net movement in funds, included in the above are as follows=
Incoming
resources
Resources Movetllenl
expended
in fLJnds
Unrestricted funds
General fund
80,771
(100.496)
(19,725)
Restricted funds
Building Fund
465
{360)
105
TOTAL FUNDS
81.236
14
continued...

Comerslone Church
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows..
Net
movement
in funds
At
31.3.23
At 1.4.21
Unrestricted funds
General fund
43,992
15,593
59.585
Restricted funds
Building Fund
50.327
(19,692)
30,635
TOTAL FUNDS
94,319
4,099)
90,220
A current year 12 monlhs and prior year 12 months combined net movement in funds, included
in the above are as follows=
Incoming Resources Movemenl
resources
expended
ill funds
Unrestricted funds
General lund
193,601
(178,0081
15,593
Restricted funds
Building Fund
960
(20,652)
(19,692)
TOTAL FUNDS
194.561
198,660)
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
15

Cornerstone Church
Detailed Statement of Financial Activities
for the Year Ended 31 March 2023
2023
2022
INCOME AND ENDOWMENTS
Donations and legacies
Gifts
Donations
Gift aid
84,951
16,583
66,752
14,019
101,534
80,771
Investrnent incorne
Deposil account interest
589
465
Charitable activities
Grants
11.200
Total incoming resources
113,323
81,236
EXPENDITURE
Charitable activities
Trustees, salaries
Wages
Insurance
Telephone
Postage and stationery
Sundries
Rent
Light and heat
Christians Against Povety
Travelling and entertainment
Subsistence
Repairs and maintenan
Speaker fees
Computer cosls
Donations
Resources
Advertising
Pensions
Fixtures and fittings
31,442
16,151
756
920
258
169
13,742
2,344
3,000
2,140
5,890
2,769
750
2,664
1,781
2,983
475
931
30,233
23,868
717
871
463
1,800
13,898
2,905
3,000
3.065
4,780
540
1,300
2,648
3,490
1.380
100
1.057
95,987
98,628
This page does not form part of the statutory financial statements
16

Cornerstone Church
Detailed Statement of Financial Activities
for the Year Ended 31 March 2023
2023
2022
Support costs
Governance costs
Accounlancy and legal fees
1,815
2,228
Total resources expended
97,802
100,856
Net incomel(expenditure)
15.521
19,620)
This page does not form part of the statutory financial statements