THE CORNERSTONE WORKS LTD
Financial health, per its FY2023 accounts
The accounts state that unrestricted funds increased to £4,191,547, driven by rental income and property revaluation gains. The charity holds significant investment property assets valued at £4,310,000 and maintains cash reserves of £135,037. The trustees and auditors confirm the charity is in a stable position with adequate resources to continue as a going concern.
What the accounts disclose
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2024 | £259k | £116k |
| 31/10/2023 | £172k | £92k |
| 31/10/2022 | £159k | £93k |
| 31/10/2021 | £336k | £77k |
| 31/10/2020 | £263k | £111k |
Common questions
Is THE CORNERSTONE WORKS LTD financially healthy?
The accounts state that unrestricted funds increased to £4,191,547, driven by rental income and property revaluation gains. The charity holds significant investment property assets valued at £4,310,000 and maintains cash reserves of £135,037. The trustees and auditors confirm the charity is in a stable position with adequate resources to continue as a going concern. Its FY2023 accounts were audited by Thomas & Young Limited.
Who funds THE CORNERSTONE WORKS LTD?
Funders whose own accounts filings name THE CORNERSTONE WORKS LTD as a grant recipient include THE DEO GLORIA TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE DEO GLORIA TRUST | FY2025 | £5k |
| THE DEO GLORIA TRUST | FY2024 | £5k |