CORNERSTONE CHURCH WATFORD
Advance the Christian faith in accordance with our Statement of Beliefs.
Objects
THE CHARITY'S OBJECTS ("OBJECTS") ARE FOR THE PUBLIC BENEFIT TO ADVANCE THE CHRISTIAN FAITH IN ACCORDANCE WITH THE STATEMENT OF BELIEFS APPEARING IN THE SCHEDULE HERETO IN WATFORD AND IN SUCH OTHER PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT AND TO FULFIL SUCH OTHER PURPOSES WHICH ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES AND ARE CONNECTED WITH THE CHARITABLE WORK OF THE CHARITY.
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.
What the accounts disclose
“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
Policies the charity declares
- Bullying and harassment policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Paying staff
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
Property (HM Land Registry)
Trustees
- Alan Dott
- BRIAN OWEN EVANS
- Heather Francesca Nash
- Linda Field
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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.
Charities like this
- CORNERSTONE BUILDING TRUST
- STROUD CHRISTIAN FELLOWSHIP
- HERTFORD TOWN CHURCH
- THE CORNERSTONE CHURCH GROUP
- WEALDSTONE BAPTIST CHURCH
- WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| CORNERSTONE CHURCH WATFORD | £64k | — | 0 | above | — | no doubt |
| CORNERSTONE BUILDING TRUST | £32k | — | 0 | unclear | — | no doubt |
| STROUD CHRISTIAN FELLOWSHIP | £110k | — | 0 | above | — | no doubt |
| HERTFORD TOWN CHURCH | £88k | — | 0 | above | — | no doubt |
| THE CORNERSTONE CHURCH GROUP | £226k | — | 0 | unclear | — | no doubt |
| WEALDSTONE BAPTIST CHURCH | £195k | — | 0 | above | — | no doubt |