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CORNERSTONE CHURCH WATFORD

Registered charity 1145703 · accounts filings on the Charity Commission register · also known as WEST WATFORD CHRISTIAN FELLOWSHIP

Advance the Christian faith in accordance with our Statement of Beliefs.

Causes: Religious Activities · website · Get email alerts

Latest income
£64k
Latest spending
£48k
Registered
2012
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted funds increased to £312,114, maintaining the charity's stated policy of holding reserves equivalent to three to six months of expenditure. The charity reported a net income surplus of £16,045 for the year, with total income of £63,970 against charitable expenditure of £47,925. The Trustees confirmed the charity is operating on a going concern basis with adequate resources for the foreseeable future.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: three and six month’s expenditure (held: £312k)
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 4
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 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.

Trustees · trustee networks

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

Operates in: Hertfordshire

Income and spending

Financial year endIncomeSpending
31/03/2025£64k£48k
31/03/2024£47k£26k
31/03/2023£46k£28k
31/03/2022£51k£47k
31/03/2021£50k£47k

Common questions

Is CORNERSTONE CHURCH WATFORD financially healthy?

Per its FY2025 accounts: The accounts state that unrestricted funds increased to £312,114, maintaining the charity's stated policy of holding reserves equivalent to three to six months of expenditure. The charity reported a net income surplus of £16,045 for the year, with total income of £63,970 against charitable expenditure of £47,925. The Trustees confirmed the charity is operating on a going concern basis with adequate resources for the foreseeable future. Its FY2025 accounts were independently examined.