CORNERSTONE CITY 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.
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.
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 10
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- CHRISTOPHER IAIN NORWOOD MRchair
- Abigail Joy Carey
- Acacia Sooklal
- GRIFFITH HENRY CROUCH
- Gbolaoluwahan Olamide Mogaji
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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.