Cornerslone Church Report of the Trustees for the Year Ended 31 March 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charf(ies: Statement of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its goveming doojment. a Memorandum of Association and Articles of Association. and constitutes a limited company. 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 offlce Units 7-8 Rathfriland Etjterprise Centre Downpatrick Street Ralhfriland Co. Down BT34 5DQ Trustees A J EThine A J Murray A D Murray M C E SomeNille Independent Examiner S M. Vint & Company Chartered Certified Accountants 8 Newry Road 8anbridge Co. Down BT32 3HN
Cornerstone Church Report of the Trustees for Ihe Year Ended 31 March 2024 This report has been prepared in accordan with the special provisions of Part 15 of the Companies Act 2006 rèlating to small companies. Purposes The promotion and furtherance of the Christian religion through holding meetings for the promulgation of the Gospel and prornotion 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 meeting need and deprivation. Developing the capacity and skills of the members of socially and economically disadvantaged communities in such a way that Ihey are bettef able lo idenlfy and help meet their needs and to participate more fully in society. The relief of sick and disabled persons and promotion of their physical and Spiritual welfare. The relief of mental and physical sickness of persons suffering as a result of tEreavemenl. loss, family breakdown, redundancy or financial hardship by the provision of coun5elling and support for such persons. Providing a tre open to all {without distinction of sex, sexual orientatton or of race, political, religious or other opinions) in an effort to advan education and to provide facililies in the interests of social welfare for recreational leisure time occupation with the objective of improving conditions of life for residents in the vicinity of the centre. Helping young people through.. The provision of recreational and leisure time activities. including residential weeks or weekènds. provided in the interest of social welfare, designed to improve Iheir conditions of Providing education. support and activities which develop their skills. capacities and capabilities lo enable them to participate in society as mature and responsible individuals. Providing finanual SLJPPOrt to evangelists. missionaries ar)d organisalions promoting the Christian religion. Beneficiarles The beneficiaries are members. their families. those connected with the Church. the local communty and the general public. Public Benefit The facili121ion of regular public worship. training arKI biblelprayer gatherings, promoting the physical, mentsl and spiritual wellbeing of society. Relief of the needs of people suffering from social exclusion or other hardships both locally and abroad. This includes financial support to partner agencies, locally and abroad. who work to alleviate povety and hardship. Greater social inclusion for members of socially and economically disadvantaged communities and social integration via provision of opportunilies to socialise in public worship gatherings, community eetings and opportunities to attend classes to develop ski115 necessary to function and participate more fully in society.
Cornerstone Church Report of the Trustee5 for the Year Ended 31 March 2024 The provision of support on practical, physical and spiritual levels for those in our communty who are sick. disables or infimi and improved physical, enKJtional and spiritual wellbeing. Alleviation and relief of those within our membership and community, in Tesponse to such issues as bereavernent. loss. family breakdown. redundancy or financial hardship who receive practical, physical, eMotnal and spiritual support from Comerstone Church including by pastoral care and counselling. Provision of a cenlre which is open. available and accessible to all fiom s{letY regardless of sex. sexual onenlation. race. political or religious opinion or any other social background which can be used to erbhance education. leisure. recreatiorlal, social and community integration opportunities for local residents. Provide support to local young people related to educational, social and recreational development through provision of activities, IrainirMJ and advi both in gfOUP setting5 and individual contact. Promotion and advancement 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. Activltles - Summary of Actlvftles Weekly Sunday seNices Weekly Connect Group gatherings Children's meetings Monthly prayer evenings Christians Against Poverty debt ntre Link 55 ministry The Well foodbank Cornerstone youth meelir)gs Supporting ministries abroad Matn Achievements for the Year Worship services held each week throughout the year Prayer ministry available each week Weekly Link 55 ministry for over 55's Food trolley in local supermarket Monthly prayer meetings Connect groups meeting each week MDnlhly Crafty Coffee events Supporting Redeemer Church. Dublin Supporting Pastor Jacob. India Easter programs- Eggsplorers Easter Cotnrnunity Fun Day Health and Wellness events held Men and Ladies Bible stLJdy Summer Church fun day Year 8 '1t's your move, workshop
Cornerstone Church Report of the Trustees forthe Year Ended 31 March 2024 Reflect- baby loss awareness Light Party in October The Greatest Gift- 2 day Christmas event Christmas dinner Christmas family SeiCe Family quiz nights Youth Outings - Escape Rooms and weekend in Annalong In August 2023, we acquired a property in Rathfriland Ihal currently requires significant repairs and investment to meet the necessary standards. Our vision for this building is to create dedicated spaces for our children and youth during Sunday worship, as well as to establish an office for daily church aclivilies. Financial Review The congregation's main source of income is member's contributions through weekty donations. There were 44 contributors dunng the year (42 in previous year. 20231 donating total of £80.088 (£84,866 in previous year, 2023). The total income of the congregation during the year was £131.153. compared to £113,323 in the previous year. Total expenditure increased lo £138.453 in 2024 from £97.802 in 2023. Rèsèrrfes Pollcy The trustees have considered the level of unrestricted reserves that il is appropriale to hold, taking account of current and ongoing commitments. It is the policy of the Irustees lo hold between three and six month's nornial expenditure. At the year end. unrestricted reserves were £51.187, which represents a higher level of reserves. The Iruslees however. consider it prudent lo hold reserves al this level as the funding of its present activities is dependent on the on-going financial support of members and lo allow for the purchase of a building for the charity in the future. Approved by order of the board of tnjstees on 11 October 2024 and signed on its behalf by= A D Murray - Tnjstee