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CORNERSTONE CHURCH NEWCASTLE LIMITED

Registered charity 1132004 · accounts filings on the Charity Commission register · also known as CALVARY COMMUNITY CHURCH LIMITED, THE HOUSE NEWCASTLE LIMITED

Christian Church

Causes: Education/training · Religious Activities · website · Get email alerts

Latest income
£215k
Latest spending
£260k
Registered
2009
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted expenditure exceeded total income, resulting in a net decrease in funds of £44,118 for the year. Free reserves decreased to £57,186, which is below the trustees' stated policy target of holding at least three months of unrestricted running costs. The charity holds a significant revaluation reserve of £246,594 in tangible fixed assets, contributing to total net assets of £306,267.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy (held: £57k; policy: three months of unrestricted running costs)
“We ended the year with free reserves of £57,186 (2023: £68,909). Our goal for reserves is to hold at least three months of unrestricted running costs.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: M W Duff received £72,537; J Marsden received £1,702.
“Employment costs include payroll costs of £72,537 (2023: £71,383) for M W Duff, a trustee and £Nil (2023: £2,599) in respect of his wife. Also includes payroll costs of £1,702 (2023: 20,450) for J Marsden, a trustee.” — page 15
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Note 11: Employment costs include payroll costs of £72,537 (2023: £71,383) for M W Duff, a trustee and £Nil (2023: £2,599) in respect of his wife. Also includes payroll costs of £1,702 (2023: 20,450) for J Marsden, a trustee.
“Employment costs include payroll costs of £72,537 (2023: £71,383) for M W Duff, a trustee and £Nil (2023: £2,599) in respect of his wife. Also includes payroll costs of £1,702 (2023: 20,450) for J Marsden, a trustee.” — page 15
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Property (HM Land Registry)

2 registered titles in England and Wales held by the charity’s company or corporate body (2 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram

Trustees · trustee networks

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

Operates in: Newcastle Upon Tyne City

Income and spending

Financial year endIncomeSpending
31/12/2024£215k£260k
31/12/2023£190k£258k
31/12/2022£422k£207k
31/12/2021£216k£139k
31/12/2020£193k£115k

Common questions

Is CORNERSTONE CHURCH NEWCASTLE LIMITED financially healthy?

Per its FY2024 accounts: The accounts state that unrestricted expenditure exceeded total income, resulting in a net decrease in funds of £44,118 for the year. Free reserves decreased to £57,186, which is below the trustees' stated policy target of holding at least three months of unrestricted running costs. The charity holds a significant revaluation reserve of £246,594 in tangible fixed assets, contributing to total net assets of £306,267. Its FY2024 accounts were independently examined.