CORNERSTONE (BRAINTREE)
CHRISTIAN CHURCH PROVIDING YOUTH AND ADULT MINISTRY IN THE BRAINTREE AREA. PROVIDES ADVOCACY/ADVICE/INFORMATION TO THOSE IN NEED. SUPPORTS WEEK DAY CHILD NURSERY A NUMBER OF YOUTH GROUPS
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net movement in funds of £7,680 for the year ended 31 March 2025, resulting in total funds carried forward of £106,420. The trustees' report indicates that unrestricted reserves were £21,924.88 at year-end, which is above the stated policy target of £20,000 representing three months of outgoings. The independent examiner confirmed that no material matters came to attention that would cause concern regarding the accounts or accounting records.
What the accounts disclose
“Voluntary income 91,387”
“The Trustees’ aim, in the current financial year, is to maintain a reserve balance of unrestricted funds representing 3 months outgoings, a figure in the region of £20,000.00.” — page 5
Trustees
- PHIL HALEchair
- Carol Ann Bland
- DAVID CHARLES GARRETT
- MR ROBERT THOMPSON
- Margaret Jessa
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £92k | £100k |
| 31/03/2024 | £89k | £98k |
| 31/03/2023 | £72k | £71k |
| 31/03/2022 | £65k | £61k |
| 31/03/2021 | £63k | £78k |
Common questions
Is CORNERSTONE (BRAINTREE) financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net movement in funds of £7,680 for the year ended 31 March 2025, resulting in total funds carried forward of £106,420. The trustees' report indicates that unrestricted reserves were £21,924.88 at year-end, which is above the stated policy target of £20,000 representing three months of outgoings. The independent examiner confirmed that no material matters came to attention that would cause concern regarding the accounts or accounting records. Its FY2025 accounts were independently examined.