CORNERSTONE CITY CHURCH

Registered charity 1147328 · accounts filings on the Charity Commission register · also known as MEDWAY FAMILY CHURCH

Medway Family Church Trust is a Christian Charity. Primary activities are Sunday worship,evangelism, children's teaching groups, work in the community including mother and toddlersgroups, fellowship groups, elderly persons meeting group, youth group, marriageencouragement courses and others as noted in the Annual Report.

Causes: Overseas Aid/famine Relief · Religious Activities · Economic/community Development/employment · website · Get email alerts

Latest income
£514k
Latest spending
£513k
Registered
2012
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted funds at year-end were £125,623, which the trustees consider to be within their stated reserves policy of maintaining three to six months' expenditure. The charity reported a small net surplus of £986 for the year, with total income of £513,687 against total expenditure of £512,701.

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

What the accounts disclose

Reserves policy: between three and six month's expenditure (held: £126k)
“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 10
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (1 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

Structured financials (annual return, FY ending 31/12/2024)

Total income
£514k
Total spending
£513k
Cost of raising funds
£41k
Reserves (reported)
£126k
Employees
11

Reported reserves equal ~2.9 months of spending — below the median for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (90% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 8.1% of total income — above the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

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

Operates in: Medway

Income and spending

Financial year endIncomeSpending
31/12/2024£514k£513k
31/12/2023£524k£553k
31/12/2022£413k£402k
31/12/2021£347k£311k
31/12/2020£283k£242k

Common questions

Is CORNERSTONE CITY CHURCH financially healthy?

Per its FY2024 accounts: The accounts state that unrestricted funds at year-end were £125,623, which the trustees consider to be within their stated reserves policy of maintaining three to six months' expenditure. The charity reported a small net surplus of £986 for the year, with total income of £513,687 against total expenditure of £512,701. Its FY2024 accounts were independently examined.