REGISTERED COMPANY NUMBER: N1630224 (Northern Irelandl
REGISTERED CHARITY NUMBER: N100422
Report of the Trustees and
Unaudited Financial Ststements
for the Year Ended 31 March 2025
for
Comerstone Church
S.M. Vint & Cofnpany
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN

Cornerstone Church
Contents of the Financial Statements
for the Year Ended 31 March 2025
Page
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statemenls
10 10 16
Detailed Statement of Financial Activities
17 10 18

Cornerstone Church
Report of the Trustees
for the Year Ended 31 March 2025
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 2025
The trustees have adopted the provisions of Ac(x)unling and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing Iheir accounts in accordance with the
Financial Reportin9 Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1
January 2019).
OBJECTIVES AND ACTIVITIES
Purposes
The promotion and furtherance of the Christian failh 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 infraslructure,
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 they are belter able lo identify, and help meet, their needs and to
participate more fully in society.
The relief of sick and disabled persons and promotion of Iheir physical and spiritual welfare.
The ielief of mental and physical sickness of persons suffering as 2 result of bereavement, loss,
family breakdown, redundancy or financial hardship by the provision of counselling and support for
such persons.
Providing a centre open to all (without distinction of sex. sexual orientation or of race, political,
religious or other opinions) in an effort to advan￿ education and to provide facilities in the
interests of social welfaie for recrealional leisure time occupation with the objective of improving
condilions of life for residents in the vicinity of the centre.
Helping young people through=
the provision of recrealional and leisure time aclivities. including residential weeks or weekends,
provided in the interests of social welfare. designed to improve Iheir conditions of life.
providing education, support and activities which develop Iheir skills, capacities and capabilities to
enable them to participate in society as fflature and responsible individuals.
Providing financial support to evangelistg, missionaries and organisations promoting the Christian
faith.
Beneficiaries
The beneficiaries are members, their families. those connected with Ihe Church. the local
community and the general public.
Page 1

Cornerstone Church
Report of the Trustees
for the Year Ended 31 March 2025
OBJECTIVES AND ACTIVITIES
Public Benefit
The facilrtation of regular public worship, training and biblelprayer galherings. promoting the
physical. mental and spiritual wellbeing Df 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 poverty and hardship.
Greater social inclusion for members of socially and economically disadvantaged communities and
social inleg ralion via provision of opportunities to socialise in public worship gatherings, community
meetings and opportunities to attend classes to develop skills necessary to function and participate
more fully in society.
The provision of support on practical, physical and spiritual levels for those in our community who
are sick. disabled or infirm and improved physical, emolional and spirilual wellbeing.
Alleviation and relief of those wilhin our membership and community, in response to such issues
as bereavement, loss, farnily breakdown, redundancy or financial hardship who receive practical,
physical, emotional and spiritual support froffl Cornerstone Church including by pastoral care and
counselling.
Provision of a ￿ntre which is O￿n, available and accessible to all from with society regardless of
sex, sexual orientation, ra￿. political or religious opinion 01 any other social background which can
be used to enhance education. leisure, recreational, social and community integration opportunities
for local residents.
Provide support to local young people related lo educational, social and recreational development
through provision of activities, training and advice both in group settings and individual contact.
Christian faith being promoted and advanced through evangelists, missionaries and organisations
supported financially and otherwise by Cornerstone Church.
Private Benefit
A private benelil is to the financially supported members of staff. However, this is both incidental
and necessary lo 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
Monthly Prayer Evenings
Christians Against Poveriy Debt Centre
Link 55 ministry
The Well - Foodbank
Cornerstone Youth meetings
Supporting ministries abroad
Page 2

Cornerstone Church
Report of the Trustees
for the Year Ended 31 March 2025
OBJECTIVES AND ACTIVITIES
Main 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 with Irips throughout the year
Connect groups meeting each week
Food trolley in local supermarket
Monthly prayer meetings
Monthly Crafty Coffee events
Supporting Redeemer Church, Dublin
Supporting Pastor Jacob, India
Easter programs - Eggsplorers
Community breakfast
Health and Wellness events held
Men and Ladies Bible Study
Summer Church Fun D2y
Year 8 It's your move" workshop
Light Party in October
2417 Prayer
Newcomers lunch
Eat Well, Spend Less evenings
Christmas Café
Christmas kids party
Christmas Family Service
Family Quiz nights
Youth Weekend in Annalong
Football camp and BBQ event during July 2024
In July 2024 we moved out of the premises in Rathfriland Enterprise Centre and moved into 20
Main Street, Rathfriland to have a more central presence in the town.
We still own a property in Rathfriland purchased in 2023. however significant investment is
required to meet Ihe ne￿SSary standards to allow the building to be used.
FINANCIAL REVIEW
Financial Review
The congregation's main Sour￿ of income is members, contributions through the Weekly
Donations. There were 45 contributors during the year (44 in previous year, 2024) donating a total
of £83.376 (£80,372 in previous year, 2024)
Total Income of the cnngregation during the year was £102.494 compared lo £131.153 in the
previous year.
Total expendtture decreased from £138,453 to £117.189.
Reserves Policy
The Trustee5 have considered the level of unrestricled reserves that it is appropriate to hold taking
account of current and ongoing commitmer)ts_ It is the policy of the Trustees to hold between three
and Six month's normal expenditure. At the year end unrestricled reserves were £ 42,712 which
represents an appropriate level of reserves.
Page 3

Cornerstone Church
Report of the Trustees
for the Year Ended 31 March 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its goveming document. a deed of trust, 2nd 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
Registered office
20 Main Streel
Rathffiland
Co. Down
BT34 5PS
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
Approved by order of Ihe board of trustees on 10 October 2025 and signed on its behalf by..
A D Murray- Trustee
Page 4

Independent Examiner's Report to the Trustees of
Cornerstone Church
I report on the accounts of the company for the year ended 31 March 2025. which are set out on
pages seven lo sixteen.
Respective responslbilities of charity trustees and examiner
As the charity's trustees (and also the directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the
Companies Act 2006.
Having satisfied myself that the charity is not subjecl to audil under company law and is eligible for
independent examination, tt is my responsibilrty to..
examine the accounts under Section 65 of the Charilies AGt
follow the procedures laid down in the general Direclions given by the Charity Commission
for Northern Ireland under Section 65(9)(b) of the Charities Act
state whether particular matters have come to my attention.
Basis of the independent examiner's report
I have examined your charity accounts as required under Section 65 of the Charities Act and my
examination was c2rried out in accord2n￿ with the general Directions given by the Charity
Commission for Northern Ireland under Section 65{9)(b) of the Charilies Act. The examination
included a review of the accounting records kept by the charity and a comparison of the accounts
presented with those records. It also included consideration of any unusual items or disclosures in
the accounts, and seeking explanations from you as charrty trustees concerning any such matters.
My role is to state whether any material matters have come lo my attenlion giving me cause to
believe..
That accounting records were not kept in accordan￿ with Section 386 of Ihe Companies Act
2006
That the accounts do not accord with those accounting records
That the accounts do not comply with the accounting requirernents of Section 396 of the
Companies Act 2006 and with the methods and 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 statement
I have completed rny examination and have concerns in respect of the matters (1) to (41 listed
above and, in connection wrth following the Directions of the Charity Commission for Northern
Ireland, I have found no matters thal require drawing to your altention.
Brian Magennis, FCCA FCA
S.M. Vint & Company
Chartered Certified AccL)untants
8 Newry Road
Banbridge
Page 5

Independent Examiner's Report to the Trustees of
Cornerstone Church
Co. Down
BT32 3HN
10 October 2025
Page 6

Cornerstone Church
Statement of Financial Activities
for the Year Ended 31 March 2025
2025
Total
funds
2024
Tolal
funds
Unrestricted Restricted
fund
fund
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
99.150
1,250
100,400
129,960
Charitable activities
Grant
2.000
2,000
1,000
Investment income
94
193
Total
101.244
1.250
102,494
131,153
EXPENDITURE ON
Charitable activities
Other charitable activities
108,280
7,469
115.749
137,253
Other
1.440
1,440
1,200
Total
109.720
7.469
117.189
138,453
NET INCOMEI(EXPENDITURE)
(8,476)
(6.219)
(14.695}
(7,3001
RECONCILIATION OF FUNDS
Total funds brought forward
51,188
31.733
82,921
90,221
TOTAL FUNDS CARRIED FORWARD
42,712
25,514
68,226
82,921
The notes form parl of these financial statements
Page 7

Cornerstone Church
Balance Sheet
31 March 2025
2025
Total
funds
2024
Total
funds
Unrestricted Restricted
fund
fund
Notes
FIXED ASSETS
Tangible assets
21,237
22,671
43.908
48,033
CURRENT ASSETS
Debtors
Cash at bank and in hand
595
23,368
595
26,211
2.843
37,255
23.963
2.843
26,806
37,255
CREDITORS
Amounts falling due within one year
(2,488)
(2.488)
(2,367)
NET CURRENT ASSETS
21,475
2.843
24.318
34.888
TOTAL ASSETS LESS CURRENT
LIABILITIES
42,712
25.514
68.226
82,921
NET ASSETS
42.712
25,514
68,226
82,921
FUNDS
Unrestricted funds
Restricted funds
42,712
25.514
51,188
31,733
TOTAL FUNDS
68.226
82,921
The charitable cotnpany is entitled lo exemption from audit under Section 477 of the Companies
Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial stateTnents for the
year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilitie5 for
la) ensuring that the charitable company keeps accounting records that comply with Sections
386 and 387 of the Companies Act 2006 and
(b} preparing financial slatements which give a true and fair view of Ihe state of affairs of the
charitable company as at the end of each financial year and of ils surplus or deficit for each
financial year in accordance with the requirements of Sections 394 and 395 and which
otherwise comply with the requirements of Ihe Companies Acl 2006 relating to financial
stalements. so far as applicable to the charitable company.
The notes form part of these financial statements
Page 8
continued...

Cornerstone Church
Balance Sheet - continued
31 March 2025
These financial statements have been prepared in accordance with the provisions applicable to
charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on
10 October 2025 and were signed on its behalf by=
A J Murray- Tr
M C E Somerville - Trustee
The notes form part of these financial statements
Page 9

Cornerstone Church
Notes to the Financial Statements
for the Year Ended 31 March 2025
ACCOUNTING POLICIES
Basi5 of preparing the financial stalements
The financial statements of the charitable (x)mpany: which is a public benefit entity under
FRS 102, have l￿en prepared in accordance with the 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 (FRS 102} {effective 1 January 2019),, Financial
Reporting Standard 102 'The Financial Reporting Slandard 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 recognised the Statement of Financial Activities once the charity has
entitlement to the funds, it is probable that the income will be re￿iVed and the amount can
be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing Ihe 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 cannot be directly attributed to
particular headings they have been allocated to activities on a basis consistent wrth the use
of resources.
Grants offered subjecl to conditions which have not been met at the year end date are noted
as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the folloviing annual rates in order to write off each asset over its
estimated useful life.
Taxation
The charity is exempt from o)rporation tax on its charitable activtties.
Fund accounting
Unreslricled funds can be used in accordan￿ with the charitable objectives at the discretion
of the Irustees.
Restricted funds can only be used for particular restiicted purposes within the objecls of the
charity. Reslrictions arise when specified by the donor or when funds are raised for
particular restricted purposes.
Further explanation of the nalure and purpose of each fund is included in the notes to the
financial statements
Page 10
continued...

Comerstone Church
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions
payable to the charitable CLimpany's pension scheme are charged to the Statement of
Financial Activities in the period lo whtch they relate.
INVESTMENT INCOME
2025
2024
Cash back on credtt card
94
193
NET INCOMEI{EXPENDITURE)
Net incomel(expenditure) is stated after chargingl(credrting)'.
2025
2024
Depreciation - owned assets
5,518
6,636
TRUSTEES, REMUNERATION AND BENEFITS
2025
2024
Trustees, salaries
35,655
33,957
Trustees. expenses
There were no trustees. expenses paid for the year ended 31 March 2025 nor for the year
ended 31 March 2024.
STAFF COSTS
The average monthly number of emploY￿S during the year was as follows:
2025
2024
Pastoral
No employees re(tived emoluments in eX￿sS of £60,000.
Page11
continued...

Comerstone Church
Notès to the Financial Statements - continued
for the Year Ended 31 March 2025
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricled Restricted
fund
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
95,912
34,048
129.960
Charitable activities
Grant
1,000
1,000
Investment income
95
98
193
Total
96.007
35,146
131.153
EXPENDITURE ON
Charitable activities
Other charilable activities
103,205
34,048
137,253
Other
1.200
1,200
Total
104,405
34,048
138,453
NET INCOMEI(EXPENDITURE)
{8,398)
1.098
(7,300)
RECONCILIATION OF FUNDS
Total funds brought forward
59.586
30,635
90,221
TOTAL FUNDS CARRIED
FORWARD
51,188
31,733
82.921
Page 12
continued...

Cornerstone Church
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Freehold
property
Totals
COST
Al 1 April 2024
Additions
21,487
347
49,331
1,046
70,818
1,393
At 31 March 2025
21.834
50,377
72,211
DEPRECIATION
At 1 April 2024
Charge for year
22.785
5,518
22.785
5,518
At 31 March 2025
28,303
28,303
NET BOOK VALUE
At 31 March 2025
21,834
22,074
43,908
At 31 March 2024
21,487
26.546
48,033
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Other debtors
595
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Bank loans and overdrafts (see note 10)
Social security and other taxes
Accrued expenses
570
598
1,320
551
616
1,200
2.488
2,367
Page 13
conlinued...

Comerstone Church
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
10. LOANS
An analysis of the maturity of loans is given below:
2025
2024
Amounts falling due within one year on demand:
Bank overdrafts
570
551
11. MOVEMENT IN FUNDS
Net
movement
in funds
At
31.3.25
At 1.4.24
Unrestricted funds
Geneial fund
51.188
(8,476)
42,712
Restricted funds
Building Fund
31,733
(6.219)
25,514
TOTAL FUNDS
82,921
{14,695)
68,226
Net movement in funds, included in the above are as follows..
Incoming Resources Movement
resources
expended
in funds
Unrestricted funds
General fund
101,244
(109,720>
{8,476}
Restricted funds
Building Fund
1,250
(7,469)
16,219)
TOTAL FUNDS
102.494
{117,189)
{14,695}
Page 14
continued.

Comerstone Church
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Net
movement
in funds
At
31.3.24
Al 1.4.23
Unrestricted funds
General fund
59,586
{8,398)
51,188
Restricted funds
Building Fund
30,635
1.098
31,733
TOTAL FUNDS
90,221
(7,300}
82,921
Comparattve net movement in funds, included in the above are as follows".
Incoming Resources Movement
resources
expended
in funds
Unrestricted funds
General fund
96.007
(104.405)
(8.398)
Restricted funds
Building Fund
35.146
(34,048)
1,098
TOTAL FUNDS
131,153
{138,453)
(7,3001
A current year 12 months and prior yeai 12 months combined position is as follows:
Net
movement
in funds
At
31.3.25
At 1.4.23
Unrestricted funds
General fund
59.586
(16,874)
42,712
Restricted funds
Building Fund
30,635
(5,121)
25,514
TOTAL FUNDS
90.221
{21,995)
68,226
Page 15
continued...

Cornerslone Church
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
11. MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined net movement in funds.
included in the above are as follows..
Incoming Resources Movement
resources
expended
in funds
UnrestriGted funds
General fund
197,251
(214.125)
(16.874)
Restricted funds
Building Fund
36.396
(41,517)
(5,121)
TOTAL FUNDS
233,647
(255,642)
(21.9951
12. RELATED PAR￿ DISCLOSURES
There were no related party Iransactions for the year ended 31 March 2025.
Page 16

Comerstone Church
Detailed Statement of Financial Activities
for the Year Ended 31 March 2025
2025
2024
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
84,671
15,729
114,211
15,749
100,400
129,960
Investment income
Cash back on credit card
94
193
Charitable activities
Grants
2,000
1,000
Total incoming resources
102.494
131,153
EXPENDITURE
Charitable activities
Trustees, salaries
Wages
Pensions
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Rent
Travelling expenses
Hospitality and events
Repairs and maintenance
Computer costs
Staff training
Resources
Software licences
Fixtures and fittings
Grants to individuals
35,655
12,511
1,053
1,186
1,645
1,212
523
1,789
285
17,496
1,749
12,303
9,304
592
33,957
11,915
1,002
1,126
1.597
1,113
1.505
700
291
15,568
3,159
10,630
3.582
897
450
2.701
666
6.636
39,758
2.179
704
5,518
10,045
115,749
137,253
Support costs
This page does not form part of the statutory financial statements
Page 17

Cornerstone Church
Detailed Statement of Financial Activities
for the Year Ended 31 March 2025
2025
2024
Support costs
Governance costs
Accountancy and legal fees
1,440
1,200
Total reSoUr￿S expended
117,189
138,453
Net expenditure
(14,695)
(7,300)
This page does not fomi part of the statutory financial statements
Page 18