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CORNERSTONE COMMUNITY CHURCH (WALES)

Registered charity 1149551 · accounts filings on the Charity Commission register · also known as BIBLE COLLEGE OF WALES, LIBERTY CHURCH SWANSEA

THE OBJECTS OF THE CHARITY ARE FOR THE ADVANCEMENT OF THE CHRISTIAN RELIGION, FOR PUBLIC BENEFIT, THROUGH ECUMENICAL CHRISTIAN MINISTRY, PROMOTION OF TEACHING ON ALL ASPECTS OF CHRISTIAN LIFE & FAITH IN ACCORDANCE WITH BIBLICAL PRINCIPLES. IN PARTICULAR BUT WITHOUT LIMITATION BY FACILITATING PRAYER MEETINGS, CORPORATE WORSHIP, STUDY GROUPS/ BIBLE CLASSES,& PRODUCTION/DISTRIBUTION OF LITERATURE.

Causes: Education/training · The Prevention Or Relief Of Poverty · Religious Activities · website · Get email alerts

Latest income
£648k
Latest spending
£584k
Registered
2012
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported an operating surplus of £64,131 for the year ended 31 December 2025, with total unrestricted income of £641,531. However, the charity is financially dependent on its parent entity, Cornerstone Community Church Singapore, which provides reserves and support to ensure sufficient funds for operations. Free reserves stood at a positive £7,840, which is below the trustees' stated policy target of around £100,000.

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

What the accounts disclose

Reserves policy: three months’ running costs, i.e. an amount of around £100,000 (held: £8k)
“The Trustees seek to maintain reserves at a level so as to cover three months’ running costs, i.e. an amount of around £100,000.” — page 7
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Cornerstone Resources Pte Ltd
“Heritage Centre Purchases 129”
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)

1 registered title in England and Wales held by the charity’s company or corporate body (0 freehold); recorded price paid £23k. 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 31/12/2025)

Total income
£648k
Total spending
£584k
Reserves (reported)
£122k
Employees
9

Reported reserves equal ~2.5 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 (79% 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: 0.0% of total income — below the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

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

Operates in: City Of Swansea

Income and spending

Financial year endIncomeSpending
31/12/2025£648k£584k
31/12/2024£546k£600k
31/12/2023£452k£444k
31/12/2022£350k£361k
31/12/2021£217k£226k

Common questions

Is CORNERSTONE COMMUNITY CHURCH (WALES) financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported an operating surplus of £64,131 for the year ended 31 December 2025, with total unrestricted income of £641,531. However, the charity is financially dependent on its parent entity, Cornerstone Community Church Singapore, which provides reserves and support to ensure sufficient funds for operations. Free reserves stood at a positive £7,840, which is below the trustees' stated policy target of around £100,000. Its FY2025 accounts were independently examined.