**Charity Registration No. SC000541**
## **CORNERSTONE CHRISTIAN FELLOWSHIP**
# **TRUSTEES' REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **CORNERSTONE CHRISTIAN FELLOWSHIP**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
## **Elders**
## **Deacons**
## **Administrator**
**Charity number** SC000541 **Principal address** 1 Esk Walk Town Centre Cumbernauld North Lanarkshire Scotland G67 1BZ
## **Independent examiner**
## **Bankers**
Royal Bank of Scotland Town Centre Cumbernauld North Lanarkshire Scotland G67
## **CORNERSTONE CHRISTIAN FELLOWSHIP**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' Report|1 - 3|
|Statement of trustees' responsibilities|4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the accounts|8-15|
## **CORNERSTONE CHRISTIAN FELLOWSHIP**
## **TRUSTEES' REPORT**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
The Leadership Team presents its report and accounts for the year ended 31 December 2024
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 and the 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 published on 16 July 2014.
## **Structure, goverance and management**
Cornerstone Christian Fellowship was founded in 1983 and is governed by its constitution, revised on 11 December 2005 & further revised on 18th May 2025.
The Leadership Team consists of Elders & Deacons Elders who served during the year were: (Finance Team)
Deacons who served during the year were:(Finance Team)
(appointed 13th April 2025)
Trustees are appointed by the Leadership Team. The Trustees have no power to appoint new Trustees. In event of the death or resignation or removal of any Trustee, a new Trustee shall be appointed by the Leadership Team.
The business of the charity is invested in the Church leader and his Leadership Team. They shall be men and/or women of faith and integrity displaying the Biblical qualifications pertinent to their office/ministry.
The Finance Team consists of the individuals from the Trustees, Elders, Deacons & up to two members of the congregation. They meet regularly to monitor the budget against actuals, set budgets & make recommendations to the Elders for decisions on financial matters.
## **Objectives and activities**
The charity is a local expression of the Body of Christ which acknowledges His Divine Headship, recognises His presence through the Holy Spirit and regulates its practices according to the Holy Scriptures.
- 1 -
## **CORNERSTONE CHRISTIAN FELLOWSHIP**
## **TRUSTEES' REPORT (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Achievements and performance**
Cornerstone Christian Fellowship is a charitable organisation originally founded in 1983 (with charitable status from 1984) and committed through it's mission, vision and values to provide a comprehensive range of supporting functions to a diverse range of social and business communities. The vision of the church is to be a 'community within a community'.
In 2024, our numbers increased due to some new people who have joined from another church in the town that unfortu closed. It has been great to have new people join and have a positive impact in the church. In the last quarter of the y appointed a new part time paid role of Pastoral Care Worker. This person will take some of the pressure of the Pastor allow him to work on other areas to enable the church to grow.
Our weekly Meeting Place, which is an outreach to people in the town who are looking for some company, continues to be successful and thrive. Our weekly men's meet up is proving to be a real benefit. Stronger relationships & mutual s has developed between those who attend.
We conducted an adult baptism in the year with 4 people being baptised and was great to see people move on in their God. The hospitality team organised a very successful 'fellowship meal' where a number of family and friends of peopl church attended. It is envisaged that more of these kinds of events will be organised for 2025.
With some funding from a grant, we were able to update our audio equipment, and we do have the ability to stream onl future date. Each year we collect items and fill shoeboxes for children in other parts of the world & this year 300 boxed completed.
Our Foodbank continues weekly to meet those in need especially just now with the cost of living. During the year 1338 (2023 - 1632) food parcels were given out to individuals & families. The Foodbank has continued to be well supported from individuals, churches and local businesses. The individuals who started the Foodbank 10 years ag now retired from this role and another couple from the church will continue this invaluable work.
Gifts were given from our Love Fund to several individuals who were in need & to a variety of charities both locally, nationally & internationally.
## **Financial Review**
Income, mainly in the form of tithes, offerings and donations from members, plus Income Tax reclaimed under Gift Aid, totalled £167,910 in the year (2023 - £210,211). Overall this has decreased by 20% from last year. The value of payments in kind which represents the value of donated items given out as food parcels was £17k less due to the number of parcels decreasing by 294 (value £17.6k). Restricted grant income was also down on last year by The unrestricted tithes & offerings are up by £3.3k on the previous year & above what was budgeted for. Donations in kind amounted to £79,557 (2023 - £96,802) so a decrease on the previous year. This figure is calculated on the number of food parcels given out (1,338) at the Foodbank multiplied by an average value of food items given (£60) less what was spent on groceries.
Expenditure for the year was £173,869 (2023 - £194,715), most of which was direct costs in furtherance of the Fellowship's mission and objectives. The expenditure decreased by £20.8k in the year & most of it relates to restricted costs. The Finance Team monitor the budgets against actuals on a regular basis and will take any corrective actions.
~~- 2 -~~
## **CORNERSTONE CHRISTIAN FELLOWSHIP**
## **TRUSTEES' REPORT (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Risk Management**
The Leadership Team are responsible for the management of the risks faced by the charity. A formal risk management policy will be developed. The risks facing the church together with actions to mitigate these risks are discussed.
The main risks that the Leadership Team have identified and the plans to manage those risks are:-
Property - The Local Authority want to revamp the Town Centre and included in their 10 year plan for this means the demolition of the property. This is in the very early stages of consultation with stakeholders and it is our understanding that the whole project is likely to take 10-15 years. There is likely to be no impact within the next 3-5 years.
Income - this did increase in 2024 by just over £3k from the previous year (unrestricted tithes & offerings). Each year the income is a challenge as we do have a higher percentange of older people. There is a real challenge to keep the income at a sustainable level due to pressures on individuals and having less disposal income. Our income is monitored closely by the Finance Team and realistic budgets have been set for 2025 ensuring there is a balanced budget.
Leadership - there is an ongoing recognition of the need to seek a way forward for the future succession of the role of Pastor within the Fellowship. It is recognised that this needs to be resolved within the next couple of years so there is a smooth transition period to having someone new.
Meanwhile we will continue to build and strengthen the Fellowship though the current Elders and Deacons & how to mentor others into these roles. This allows the church to have the potential to manage growth and sustain it for the future.
## **Reserves**
It is the policy of the charity that unrestricted funds which have not been designated for specific use should be maintained at a level equivalent to between three and six month's expenditure which is a range of £19k & £38k. At the end of December 2024, the unrestricted reserves are £96.8k which represents 15 months with cash reserves being over 9 months held. With the appointment of another member of staff this will reduce the amount of reserv for us to reach out to both the congregation and the wider community
On behalf of the board of the Leadership Team
27th September 2025
- 3 -
## **CORNERSTONE CHRISTIAN FELLOWSHIP**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The Leadership Team is responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Scotland requires the Leadership Team to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these accounts, the Leadership Team are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP:
- make judgements and estimates that are responsible and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and
- prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Leadership Team is responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable it to ensure that the accounts comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 and the provisions of the trust deed. It is also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
- 4 -
## **CORNERSTONE CHRISTIAN FELLOWSHIP**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE LEADERSHIP TEAM OF CORNERSTONE CHRISTIAN FELLOWSHIP**
I report on the accounts of the charity for the year ended 31 December 2024, which are set out on pages 1 to 15.
## **Respective responsibilities of Leadership Team and examiner**
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required undersection 44(1) (c) of the Act and state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusal items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- (a) which gives me reasonable cause to believe that in any material respect the requirements:-
- (i) to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
- (ii) to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations;
- have not been met; or
- (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
- 5 -
## **CORNERSTONE CHRISTIAN FELLOWSHIP**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
|**Notes**
**Income from:**
Donations
**2**
Investment Income
**3**
Incoming resources from charitable activities
Other incoming resources
**4**
**Total Income**
**Expenditure from:**
Charitable activities
**5**
**Total Expenditure**
**Net incoming resources before**
**transfers**
**Gross transfers between funds**
**16**
**Net incoming resources before other**
**recognised gains/(losses)**
**Other Recognised gains/(losses)**
**Net movement in funds**
Fund balances at 1 January 2024
**Fund balances at 31 December 2024**
**16,17**|**Unrestricted**
**Restricted**
**Total**
Total
**funds**
**funds**
**2024**
2023
**£**
**£**
**£**
**£**
**71,333**
**90,778**
**162,111**
203,556
**808**
**904**
**1,712**
1,277|
|---|---|
||**72,141**
**91,682**
**163,823**
204,833
**-**
**-**
**-**
0
**75**
**4,012**
**4,087**
5,378|
||**72,216**
**95,694**
**167,910**
210,211|
||**61,959**
**111,910**
**173,869**
194,715|
||**61,959**
**111,910**
**173,869**
**194,715**|
||**10,257**
**(16,217)**
**(5,959)**
15,496
**(10,910)**
**10,910**
**-**
-|
||**(653)**
**(5,307)**
**(5,959)**
15,496
**-**
**-**
**-**
-|
||**(653)**
**(5,307)**
**(5,959)**
15,496
**97,440**
**72,311**
**169,751**
154,255|
||**96,787**
**67,005**
**163,792**
169,751|
- 6 -
## **CORNERSTONE CHRISTIAN FELLOWSHIP**
## **BALANCE SHEET**
## **AS AT 31 DECEMBER 2024**
|**Notes**
**Fixed Assets**
Tangible assets
**9**
Investments
**10**
**Current Assets**
Stock
**11**
Debtors
**12**
Cash at bank, in hand & cash equivalents
**Creditors: falling due within one**
**year**
**13**
**Net current liabilities**
**Total assets less current liabilities**
**Creditors: amounts falling due after**
**more than one year**
**14**
**Net assets**
**Income funds**
Restricted funds:
Other restricted funds
**16**
Unrestricted funds
**17**|**2024**
**2023**
**£**
**£**
**£**
**£**
**4,255**
5,999
**1**
1
**4,256**
6,000
**12,719**
4,718
**40,972**
42,870
**109,439**
117,135
**163,130**
164,723
**(3,594)**
(972)
**159,536**
163,751
**163,792**
169,751
**-**
-
**163,792**
169,751
**67,005**
72,311
**96,787**
97,440
**163,792**
169,751|**2024**
**2023**
**£**
**£**
**£**
**£**
**4,255**
5,999
**1**
1
**4,256**
6,000
**12,719**
4,718
**40,972**
42,870
**109,439**
117,135
**163,130**
164,723
**(3,594)**
(972)
**159,536**
163,751
**163,792**
169,751
**-**
-
**163,792**
169,751
**67,005**
72,311
**96,787**
97,440
**163,792**
169,751|
|---|---|---|
||||
|||169,751
-|
|||169,751|
|||72,311
97,440|
|||169,751|
The accounts were approved by the Board on 27 September 2025
- 7 -
## **CORNERSTONE CHRISTIAN FELLOWSHIP**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1 Accounting policies**
## **1.1 Basis of preparation**
The accounts have been prepared under the historical cost convention and the going concern basis.
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable to the UK and Republic of Ireland (FRS102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006
## **1.2 Income**
Donations, legacies and other forms of voluntary income are recognised as incoming resources when receivable, except insofar as they are capable of financial management.
## **1.3 Expenditure**
All expenditure is accounted for on an accruals basis. Costs are allocated to appropriate headings, based on activities to which they are attributable. Where costs are attributable to more than one activiity, they are apportioned across cost categories, based on usage.
## **1.4 Tangible fixed assets and depreciation**
Tangible fixed assets other than heritable land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Leasehold property Over life of lease Equipment 33% straight line Motor vehicles 33% straight line
## **1.5 Investments**
Fixed asset investments are stated at cost.
## **1.6 Pensions**
Pension contributions are made to an approved pension scheme. These are charged to the income and expenditure account and statement of financial activities in the year in which they are incurred.
## **1.7 Accumulated funds**
Restricted funds are funds which are to be used for specific purposes, in accordance with specific restrictions imposed by donors or funders. The relevant expenditure is matched to this income and charged against the restricted fund.
- 8 -
## **CORNERSTONE CHRISTIAN FELLOWSHIP**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **2 Donations and legacies**
|Donations and gifts
Legacies receivable|**Unrestricted**
**Restricted**
**Total**
Total
**funds**
**funds**
**2024**
2023
**£**
**£**
**£**
£
**69,733**
**90,778**
**160,511**
203,056
**1,600**
**-**
**1,600**
500|
|---|---|
||**71,333**
**90,778**
**162,111**
203,556|
The Restricted funds relates to income and payments in kind for the Bethlehem Food Bank.
|**Donations and gifts**
Unrestricted funds:
Tithe
Offering
Gift Aid
Legacy
Other
Restricted funds:
Donations
Donations in Kind
Gift Aid
Grants
Legacy
Other|**46,683**
47,394
**10,991**
7,836
**12,059**
12,722
**1,600**
-
**-**
100|
|---|---|
||**71,333**
68,052|
||**9,765**
10,560
**79,557**
96,802
**289**
378
**1,167**
26,649
**-**
500
**-**
615|
||**90,778**
135,504|
## **3 Investment income**
|Interest receivable|**Unrestricted**
**Restricted**
**Total**
Total
**funds**
**funds**
**2024**
2023
**£**
**£**
**£**
£
**808**
**904**
**1,712**
1,277|
|---|---|
||**808**
**904**
**1,712**
1,277|
- 9 -
## **CORNERSTONE CHRISTIAN FELLOWSHIP**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
|**4 Other incoming resources**
Other income
**5 Expenditure**
Chariable Activities|**Unrestricted**
**Restricted**
**Total**
Total
**funds**
**funds**
**2024**
2023
**£**
**£**
**£**
£
**75**
**4,012**
**4,087**
5,378
**Staff Depreciation**
**Other**
**Total**
Total
**costs**
**costs**
**2024**
2023
**£**
**£**
**£**
**£**
£
**49,758**
**8,126**
**115,985**
**173,869**
194,715|**Unrestricted**
**Restricted**
**Total**
Total
**funds**
**funds**
**2024**
2023
**£**
**£**
**£**
£
**75**
**4,012**
**4,087**
5,378|
|---|---|---|
- 10 -
## **CORNERSTONE CHRISTIAN FELLOWSHIP**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **6 Other Costs**
|Other costs relating to direct charitable expenditure comprise:
Resources
Missions and Gifts
Equipment
Premises costs
Ministry Expenditure
Restricted Missions and Gifts - Love Fund
Rent and service charges
Vehicle Running Costs
Bethlehem Project food costs
Volunteer Expenses
Licences
Other Expenses|**2024**
2023
**£**
£
**-**
-
**577**
3,972
**3,598**
-
**815**
815
**1,363**
2,767
**2,010**
1,557
**28,108**
27,158
**2,264**
2,387
**73,999**
101,190
**284**
214
**1,355**
1,301
**1,612**
1,274|
|---|---|
||**115,985**
142,635|
## **7 Leadership Team**
One of the members of the Leadership Team received emoluments of £31,557 (2023 - £31,094 for qualifying services.
None of the Leadership Team (or any persons connected with them) received any expenses from the charity during the year.
## **8 Employees**
## **Number of employees**
The average monthly number of employees during the year was:
|Administration and management
**Employment costs**
Wages and salaries
Other pension costs|**2024**
2023
**Number**
Number
3
2|
|---|---|
||**2024**
2023
**£**
£
**49,758**
46,080
**-**
-|
||**49,758**
46,080|
There were no employees whose annual remuneration was £60,000 or more.
- 11 -
## **CORNERSTONE CHRISTIAN FELLOWSHIP**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
|**9 Tangible fixed assets**
**Cost**
At 1 January 2024
Additions
Disposals
**At 31 December 2024**
**Depreciation**
At 1 January 2024
Disposals
Charge for the year
**At 31 December 2024**
**Net book value**
**At 31 December 2024**
At 31 December 2023|**Leasehold Equipment**
**Vehicles**
**Total**
**Properties**
**£**
**£**
**£**
**£**
30,000
11,577
17,999
59,576
-
6,382
-
6,382
-
-
-
-
-|
|---|---|
||**30,000**
**17,959**
**17,999**
**65,958**|
||30,000
11,577
12,000
53,577
-
-
-
-
2,127
5,999
8,126|
||**30,000**
**13,704**
**17,999**
**61,703**|
||**-**
**4,255**
**-**
**4,255**|
||-
-
5,999
5,999|
## **10 Fixed asset investments**
|**Fixed asset investments**||
|---|---|
||**Investment in**|
||**subsidiary**|
||**£**|
|Cost at 1 January 2024|1|
|Acquistions at cost|-|
|**Cost at 31 December 2024**|**1**|
|Historical cost:||
|At 31 December 2021|1|
## **Holdings of more than 20%**
The charity holds more than 20% of the share capital of the following companies:
|**Company**|**Contry of registration or**|||
|---|---|---|---|
||**incorporation**|**Class**|**%**|
|**Subsidiary undertakings**||||
|Cornerstone House Limited|Scotland|Ordinary|100|
- 12 -
## **CORNERSTONE CHRISTIAN FELLOWSHIP**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **10 Fixed asset investments**
## **(continued)**
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:-
|**Principal activities**
Cornerstone House Limited
Café
**11 Stock**
Food Bank Items valued at end of Year
**12 Debtors**
Amounts owed by group undertakings - amounts falling due after one year
Other debtors
Prepayments and accrued income
**13 Creditors: amounts falling due within one year**
Taxes and social security costs
Other creditors
Accruals
Deferred Income
**14 Creditors: amounts falling due after more than one year**
Other creditors
**15 Pension and other post-retirement benefit commitments**
**Defined contribution**
Contributions payable by the company for the year|**Capital and Profit/(loss)**
**reserves for the year**
**£**
**£**
(88,744)
(11,208)|
|---|---|
||**2024**
2023
**£**
£
**12,719**
4,718|
||**2024**
2023
**£**
£
**24,040**
24,040
**16,932**
18,830
**-**
-|
||**40,972**
42,870|
||**2024**
2023
**£**
£
**1,163**
972
**-**
-
**98**
-
**2,333**
-|
||**3,594**
972|
||**2024**
2023
**£**
£
**-**
-|
||**2024**
2023
**£**
£
**-**
-|
- 13 -
**CORNERSTONE CHRISTIAN FELLOWSHIP**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **16 Restricted funds**
The income of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|Bethlehem Project
Love Fund
Hope Conference
CAP Course
Legacy - Praise Group
Bible Club
AV Equipment|**Movement in funds**
**Balance at**
**Incoming Resources**
**Transfers Balance at 31**
**1 January**
**resources**
**expended**
**December**
**2024**
**2024**
**£**
**£**
**£**
**£**
**£**
69,562
94,348
(107,652)
6,228
**62,486**
1,332
15
(2,010)
2,300
**1,637**
362
5
**367**
-
**-**
500
(500)
**-**
555
160
(121)
**594**
-
1,167
(1,627)
2,382
**1,922**|
|---|---|
||**72,311**
**95,695**
**(111,910)**
**10,910**
**67,005**|
## Bethlehem Project
The Bethlehem Project is a food bank which provides emergency food parcels to those who require it. It also provide toiletries, clothing and a soup kitchen in conjunction with other churches. Most of the food is donated by individuals, churches, businesses and other organisations.
## **17 Analysis of net assets between funds**
|**Analysis of net assets between funds**||
|---|---|
|Fund balances at 31 December 2024 are represented by:
Tangible fixed assets
Investments
Current assets
Creditors: amounts falling due within one year
Creditors: amounts falling due after more than one year|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**£**
**£**
**£**
-
4,255
**4,255**
1
-
**1**
97,536
65,594
**163,130**
(750)
(2,844)
**(3,594)**
-
-
**-**|
||96,787
67,005
**163,792**|
- 14 -
## **CORNERSTONE CHRISTIAN FELLOWSHIP**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **18 Related Parties**
Included in debtors is an amount of £19,201 (2023: £19,201) owed by Cornerstone House Centre Ltd, and an amount of £4,839 (2023: £4,839) owed by Cornerstone House Limited. Also included in debtors is an amount of £8,202 due from Cornerstone Houe Centre Ltd & £6,696 due from Cornerstone House Ltd. These amounts are related to invoiced property costs. Cornerstone House Ltd is the subsidiary undertaking of Cornerstone Christian Fellowship. Cornerstone House Centre and Cornerstone Christian Fellowship are related parties by virtue of common directorship.
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