CORNERSTONE CHRISTIAN FELLOWSHIP
The advancement of the Christian faith worldwide. It may establish churches and community centres, carry out and direct discipleship evangelistic missionary and ecumenical activity, administer or support training, provide advice resources and services to those affected by social and economic circumstances and promote or organinse programmes to engage young people in the community.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves of £332,393 were held at the end of the year, which the trustees consider to be more than the annual expenditure of the charity. The trustees report that reserves are in place to mitigate major risks and that the charity is prepared on a going concern basis with no material uncertainties identified.
What the accounts disclose
“It is the policy of the church that unrestricted funds which have not been designated for a specific use should be maintained at a minimum level equivalent to between three and six month’s expenditure.” — page 5
“During the year donations of £33,763 (2024: £23,000) were received from trustees and related parties.”
Property (HM Land Registry)
Trustees
- Dr YVES-YANNICK FORD
- JONATHAN LOUIS SMITH
- STEPHEN BALDERSTON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/01/2025 | £45k | £26k |
| 31/01/2024 | £43k | £36k |
| 31/01/2023 | £77k | £35k |
| 31/01/2022 | £28k | £22k |
| 31/01/2021 | £17k | £14k |
Common questions
Is CORNERSTONE CHRISTIAN FELLOWSHIP financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves of £332,393 were held at the end of the year, which the trustees consider to be more than the annual expenditure of the charity. The trustees report that reserves are in place to mitigate major risks and that the charity is prepared on a going concern basis with no material uncertainties identified. Its FY2025 accounts were independently examined.