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CORNERSTONE EVANGELICAL CHURCH

Registered charity 1128533 · accounts filings on the Charity Commission register

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Latest income
£1.2m
Latest spending
£1.4m
Registered
2009
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that unrestricted reserves of £415,156 exceed the charity's stated policy target of £150,000 - £225,000. The charity reports a net deficit for the year but holds significant total assets of £5,552,832, including a building fund and restricted funds, while maintaining a surplus of unrestricted cash assets relative to its reserves policy.

What the accounts disclose

Reserves policy: 2-3 months’ cash reserves, equivalent to: £150,000 - £225,000 (held: £415k)
“The church’s policy is to maintain 2-3 months’ cash reserves, equivalent to: £150,000 - £225,000.” — page 10
Per its FY2023 accounts as filed with the Charity Commission.
Payments to trustees: Colin Webster (£43,789), John Russell (£50,023), Roo Miller (£39,915)
“Some trustees and relatives of trustees are remunerated, as permitted in the Memorandum and Articles of Association – this includes salary, pension and expenses.” — page 26
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Lead Minister John Russell registered a conflict of interest relating to Safe Families, as a close family member is employed by them. He removed himself from discussions and decisions concerning support for this charity.
“Lead Minister John Russell registered a conflict of interest relating to Safe Families, as a close family member is employed by them. He removed himself from discussions and decisions concerning support for this charity.” — page 10
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Haines Watts Chartered Accountants & Statutory Auditors. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2025)

Total income
£1.2m
Total spending
£1.4m
Reserves (reported)
£251k
Employees
17

Reported reserves equal ~2.2 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Derbyshire · Leicestershire · Nottinghamshire

Income and spending

Financial year endIncomeSpending
31/12/2025£1.2m£1.4m
31/12/2024£1.3m£1.3m
31/12/2023£1.0m£1.1m
31/12/2022£1.1m£1.1m
31/12/2021£966k£967k

Common questions

Is CORNERSTONE EVANGELICAL CHURCH financially healthy?

The accounts state that unrestricted reserves of £415,156 exceed the charity's stated policy target of £150,000 - £225,000. The charity reports a net deficit for the year but holds significant total assets of £5,552,832, including a building fund and restricted funds, while maintaining a surplus of unrestricted cash assets relative to its reserves policy. Its FY2023 accounts were audited by Haines Watts Chartered Accountants & Statutory Auditors.