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2025-08-31-accounts

CORNERSTONE COMMUNITY CHURCH STIRLING LTD (FORMERLY THE EPAPHRODITUS TRUST)

REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

SCOTTISH CHARITY NUMBER: SC043872 COMPANY REGISTRATION NUMBER: SC433547

Henderson Black & Co

CHARTERED ACCOUNTANTS, CUPAR

CORNERSTONE COMMUNITY CHURCH STIRLING LTD (Limited by Guarantee)

Report and Financial Statements

for the year ended 31 August 2025

Scottish Charity Number – SC043872
Contents Page
Trustees’ Annual Report 1 – 3
Independent Examiner’s Report to the Trustees 4
Statement of Financial Activities 5
(Including Income and Expenditure Account)
Balance Sheet 6
Statement of Cash Flows 7
Notes forming part of the Financial Statements 8 - 11

CORNERSTONE COMMUNITY CHURCH STIRLING LTD (Limited by Guarantee)

Trustees’ Annual Report

for the year ended 31 August 2025

The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 August 2025.

The financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) 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.

Charitable purposes

The Trust was formed to advance the Christian faith by encouraging, providing support to and promoting

Achievements and performance

During this financial year, the staff team has consisted of the Minister, Ministries Trainee, Operations Manager, Ministry Associate (Pastoral Care and Women's Discipleship), and Ministries Apprentice,

There are approximately 400 people regularly attending services, of which roughly 2/3 are adults and 1/3 are children. Safeguarding remains a key priority across the age groups. We continue to hold Sunday morning services at Wallace High School, which provides excellent facilities for our all-age worship time as well as several rooms for the children’s and youth work during the service. Up to 40 students attend Cornerstone during term time and demand had prompted us to run regular Exploring Christianity courses for those who are new to church. Prior to Christmas we also rented the Church of the Holy Rude in Stirling for a traditional evening Carol Service.

In respect of income, we began the year requiring to raise approximately £25,000 to fully fund the year's budget and avoid having to dip into reserves. Through the year that gap was fully closed, and regular giving has again increased in this financial year. The trustees consider that the church is in good health financially.

The lease on the church offices at Castle Road was extended in January 2025 for an additional 3 years, and the building has been improved with several new windows, a shared investment with the landlord. It is regularly used by the staff team during the week, but in addition is also used to host youth groups on Sunday mornings and evenings, and for Sunday evening services. Regular use also continues for our toddler group, student lunches, prayer meetings and other small group gatherings. One group that we partner with is Young Life International, who also use the building weekly.

As a growing congregation, we recognise the importance of growing the leadership team, and appointed 3 new elders in September 2025. We are also beginning to consider options to facilitate further growth as we are approaching the capacity of our current meeting space on Sunday mornings, and we are exploring working with Reach Ministries UK to help us think through what this might mean for us in the short, medium, and longer term, and will continue this into the next financial year.

Financial position and review of the year

In the year ended 31 August 2025 there was net income of £12,422 (2024 - £3,934). Expenditure on charitable activities amounted to £294,475 (2024 - £236,247).

Risk management

The Trustees are satisfied that systems are in place to mitigate exposure to the major risks.

1

CORNERSTONE COMMUNITY CHURCH STIRLING LTD (Limited by Guarantee)

Trustees’ Annual Report

for the year ended 31 August 2025

Reserves policy

During 2025 the trustees reviewed the charity’s requirements for reserves in light of the main risks to the organisation and concluded that 6 months running costs was an appropriate level. Total reserves at 31 August 2025 were £197,782 (2024 - £185,360) which is adequate to cover this expenditure.

The trustees have agreed to hold £55,863 (2024 - £52,177) in designated funds to cover ongoing activities and salary costs as noted in note 9 of the accounts. After this allocation unrestricted reserves are £141,919 (2024 - £133,183).

Structure, Governance and Management

The Epaphroditus Trust (‘the Trust’) was established as a company limited by guarantee registered in Scotland, has no share capital and is governed by its Articles of Association. The liability of each member, in the event of a winding up, is limited to £1.

It was incorporated on 27 September 2012 and granted charitable status on 19 March 2013. The name was changed to Cornerstone Community Church Stirling Ltd on 22 March 2022.

Reference and Administrative Information
Charity registration number: SC043872
Company registration number:
SC433547
Operational address & Cornerstone Community Church Offices, Castle Road, Stirling,
Registered Office: FK9 5JB
Independent Examiner: Joanne Paul CA, Henderson Black & Co, Edenbank House,
22 Crossgate, Cupar, Fife, KY15 5HW
Solicitors: Morton Fraser, Edinburgh
Bankers: Bank of Scotland

Directors and Trustees

The directors of the charitable company (the charity) are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees. The trustees serving during the year and since the year end, with details of their specific roles, were as follows:

Peter Coffee Elder (appointed 4 September 2025)
Scott Easton Elder
Rev Philip Hair Elder (Acting Chairman)
Calum Jack Minister
Donald Macaulay Elder (appointed 4 September 2025)
Richard Patterson Elder
Alastair Ross Elder (appointed 4 September 2025)
Dr David Watson Elder (resigned 4 September 2025)

The trustees are responsible for the overall administration of the day to day operations of the charity along with the Treasurer and Church Operations Manager.

Key personnel

Stuart Anderson Treasurer Lynne Easton Church Operations Manager

2

CORNERSTONE COMMUNITY CHURCH STIRLING LTD

(Limited by Guarantee)

Trustees’ Annual Report

for the year ended 31 August 2025

Various criteria are weighed prior to a decision being taken to appoint trustees –

During the foregoing process the trustees are required to reach a unanimous decision permitting the Chairman to meet with the perspective new trustee. This permits a person to person assessment to be made and allows the new candidate the opportunity to obtain a better understanding of the charity’s work and ministry. If in the Chairman’s view the outcome of that meeting is satisfactory he will issue an invitation to the new candidate for assumption as a trustee.

Trustees’ responsibilities in relation to the financial statements

The trustees (who are the directors of the company for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of its income and expenditure for that period.

In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company exemptions

The trustees have prepared this report in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Approved by the trustees and signed on their behalf by:

Richard Patterson Trustee

Date: 08/05/2026

3

CORNERSTONE COMMUNITY CHURCH STIRLING LTD (Limited by Guarantee)

Independent Examiner’s Report to the Trustees of Cornerstone Community Church Stirling Ltd (Limited by Guarantee)

I report on the accounts of the charity for the year ended 31 August 2025 which are set out on pages 5 to 11.

Respective Responsibilities of the Trustees 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 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

This report is made to the trustees, as a body, in accordance with the terms of my engagement. My work has been undertaken so that I might state to the trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the trustees for my work or for this report.

Basis of Independent Examiner’s Statement

My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). 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 unusual 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 the course of my examination no matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect the requirements: • to keep accounting records in accordance with Section 44 (1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and

  2. to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations have not been met, or

  3. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Joanne Paul CA Henderson Black & Co Chartered Accountants

Edenbank House 22 Crossgate Cupar Fife, KY15 5HW

Date: 12/05/2026

4

CORNERSTONE COMMUNITY CHURCH STIRLING LTD

(LIMITED BY GUARANTEE)

Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 August 2025

Notes
Income from:
Donations
Events
Interest
Total Income
Expenditure on:
Charitable activities
4
Total Expenditure
Net income and net movement in funds
Reconciliation of Funds:
Total funds brought forward
Total funds carried forward		 Total
Funds
2025
£
288,052
14,938
3,907
306,897
294,475
294,475
12,422
185,360
197,782		 Total
Funds
2024
£
230,220
8,088
1,873
240,181
236,247
236,247
3,934
181,426
185,360

The statement of financial activities includes all gains and losses in the year. All income and expenditure derive from continuing activities.

The notes on pages 8 to 11 form an integral part of these accounts.

5

CORNERSTONE COMMUNITY CHURCH STIRLING LTD

(LIMITED BY GUARANTEE)

Balance Sheet as at 31 August 2025

Notes
Fixed assets
Tangible assets
7
Total fixed assets
Current assets
Debtors
Cash at Bank and in Hand
Liabilities
Creditors: amounts falling due within one year
Creditors and accruals
8
Net current assets
Total net assets
The funds of the charity:
Unrestricted Funds:
General Fund
Designated Funds
9
Total charity funds		 Total
Funds
2025
£
3,993
3,993
8,448
193,801		 Total
Funds
2024
£
4,024
4,024
13,733
176,305
202,249
(8,460)
193,789
197,782
141,919
55,863
197,782		 190,038
(8,702)
181,336
185,360
133,183
52,177
185,360

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these financial statements under the requirements of the Companies Act 2006.

Trustees' responsibilities:

These financial statements have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime.

Approved by the trustees and signed on their behalf by:-

Richard Patterson (Trustee)

Date: 08/05/2026

Company Registration Number: SC433547

The notes on pages 8 to 11 form an integral part of these accounts.

6

CORNERSTONE COMMUNITY CHURCH STIRLING LTD (LIMITED BY GUARANTEE)

Statement of Cash Flows for the year ended 31 August 2025

Total
Funds
Notes
2025
£
Cash flows from operating activities:
Net cash provided by operating activities
17,327
Cash flows from investing activities:
Investment income
3,907
Purchase of tangible fixed assets
7
(3,738)
Net cash provided by/(used in) investing activities
169
Change in cash and cash equivalents in the year
17,496
Cash and cash equivalents brought forward
176,305
Cash and cash equivalents carried forward
193,801
Analysis of changes in net debt
Cash at 1 September
176,305
Cash flows in year
17,496
Cash at 31 August
193,801
Reconciliation of net movement in funds to net cash flow from operating activities
Net movement in funds
12,422
Add back depreciation charge
7
3,769
Deduct interest and investment income
( 3,907)
Decrease in debtors
5,285
(Decrease)/increase in creditors
(242)
Net cash provided by operating activities
17,327		 Total
Funds
2024
£
9,307
1,873
(4,494)
( 2,621)
6,686
169,619
176,305
169,619
6,686
176,305
3,934
2,791
( 1,873)
732
3,723
9,307

7

CORNERSTONE COMMUNITY CHURCH STIRLING LTD (LIMITED BY GUARANTEE)

Notes to the Financial Statements for the year ended 31 August 2025

1 Accounting policies

Charity information

Cornerstone Community Church Stirling Ltd is a private company limited by guarantee, incorporated in Scotland, governed by it's articles of associaton. It is a registered charity with the Office of the Scottish Charity Regulator. The registered office is Cornerstone Community Church Offices, Castle Road, Stirling, FK9 5JB.

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

1.1 Basis of Preparing the Financial Statements

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 Standard applicable in the UK and Republic of Ireland (FRS 102) effective from 1 January 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005, the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended).

The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

These financial statements are presented in pounds sterling, the functional currency of the charity. Monetary amounts are rounded to the nearest pound.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

1.2 Funds

Funds are classified as either restricted or unrestricted funds. Restricted funds may only be used for specific purposes, as specified by the donor or when raised for a specific use within the objects of the charity. Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If unrestricted funds are earmarked, at the discretion of the trustees, for a particular purpose they are designated in a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees' discretion to apply the fund.

1.3 Tangible fixed assets

Tangible fixed assets, 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. Depreciation is charged on equipment at 33% per annum on a straight line basis.

1.4 Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

1.5 Expenditure

Expenditure is recognised as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount can be measured reliably. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

1.6 Financial instruments

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Basic financial assets (which include cash and bank balances) and basic financial liabilities (which include creditors) are initially measured at the amount receivable or payable including any transaction costs and are subsequently carried at amortised cost using the effective interest method. Basic financial assets/liabilities, classified as receivable/payable within one year, are not amortised.

8

CORNERSTONE COMMUNITY CHURCH STIRLING LTD (LIMITED BY GUARANTEE)

Notes to the Financial Statements for the year ended 31 August 2025 (continued)

1.7 Judgements in applying accounting policies and key sources of estimation

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily available from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates. In preparing these financial statements, the trustees have made the following judgements:

Accruals

Trustees estimate the requirements for accruals using post year end information. This identifies costs that are expected to be incurred for services provided by other parties. Accruals are only released when there is a reasonable expectation that these costs will not be invoiced in the future.

2

Taxation

The charity is not registered for VAT and all costs are shown gross. The charity is exempt from tax on income and gains to the extent that these are applied for its charitable objects.

3 Control

The charity is controlled by its members. Each member will contribute a maximum of £1 to the charity for payment of any debts in the event of its winding up.

4 Charitable activities

Salaries
Employer's NIC
Pension costs
Grant to individual Apprentice
Grants to institutions (2025 - 10 : 2024 - 11)
Grants to individuals (2025 - 5 : 2024 - 2)
Venue hire
Office costs
Repairs
Catering
Insurance
Council tax - minister
Website
Advertising
Copyright
Books
Ongoing costs
Children and youth
Audio Visual
Staff training
Discretionary hardship payments
Student training course
Events
Payroll fees
Independent Examiner's fee
Depreciation		 2025
£
124,455
5,402
16,797
7,200
24,330
1,345
25,386
23,158
6,182
1,153
1,123
3,961
1,884
3,724
1,108
1,839
9,105
2,999
878
1,522
552
9,880
15,323
260
1,140
3,769
294,475		 2024
£
104,190
4,639
13,684
-
30,585
1,500
23,771
22,149
1,281
1,818
1,069
1,585
1,668
-
811
2,309
7,420
2,924
590
2,082
-
4,200
4,161
360
660
2,791
236,247

9

CORNERSTONE COMMUNITY CHURCH STIRLING LTD

(LIMITED BY GUARANTEE)

Notes to the Financial Statements for the year ended 31 August 2025 (continued)

5
Employees
Salaries and wages
Pension contributions
Social security
Total		 2025
£
124,455
16,797
5,402
146,654		 2024
£
104,190
13,684
4,639
122,513

The average number of employees during the year was 4 (2024 - 3).

1 employee had employee benefits in excess of £60,000 (2024 - 1) in the band of £60,000 to £69,999.

The key management personnel of the charity comprise the Trustees, the Minister, the Treasurer and the Church Operations Manager. The combined cost of the key management personnel was £99,960 (2024 - £99,017).

6 Trustee Remuneration and Related Party Transactions

Calum Jack, a trustee received a salary of £52,438 (2024 - £53,002) in his employment as Minister, with pension contributions of £7,536 (2024 - £7,117) and employers national insurance of £2,572 (2024 - £2,717).

Expenses of £8,766 (2024 - £4,107) were reimbursed to trustee Calum Jack during the year which included council tax of £3,961 (2024 - £1,585) in regards to his position as minister. Expenses of £500 (2024 - £29) were reimbursed to trustee, Philip Hair during the year.

Donations of £29,255 (2024 - £31,526) were made by trustees during the year.

7 Tangible fixed assets

Equipment 2025

Cost:
At 1 September 2024
Additions
At 31 August 2025
Depreciation:
At 1 September 2024
Charge in year
At 31 August 2025
Net book values:
At 31 August 2025		 £
21,165
3,738
24,903
17,141
3,769
20,910
3,993

10

CORNERSTONE COMMUNITY CHURCH STIRLING LTD

(LIMITED BY GUARANTEE)

Notes to the Financial Statements for the year ended 31 August 2025 (continued)

7 Tangible fixed assets (continued)

Equipment 2024
Cost:
At 1 September 2023
Additions
At 31 August 2024
Depreciation:
At 1 September 2023
Charge in year
At 31 August 2024
Net book values:
At 31 August 2024
8
Creditors and accruals
Creditors
Accruals
9
Unrestricted funds
Designated funds
Ministry staffing
Giving
Inividuals and families in financial need
SU camps
Football pitch hire		 2025
£
1,722
6,738
8,460
50,000
4,000
1,000
863
-
55,863		 £
16,671
4,494
21,165
14,350
2,791
17,141
4,024
2024
£
3,454
5,248
8,702
50,000
-
500
443
1,234
52,177

10 Commitments

The charity is committed to make rent payments totalling £42,292 (2024 - £6,250) over the next 29 months.

11