CORNERSTONE CHURCH (ST ALBANS)
We are an evangelical church based in St Albans. We aim to share the good news about Jesus Christ, and help Christians to become committed followers of Jesus Christ. We arrange various activities to support these aims. Many of these are based in St Albans, at our church building. We also support a number of individuals and organisations with the same mission as us in other places.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves of £325,067 are sufficient for at least 11 years of normal running costs, significantly exceeding the trustees' policy target of six months. The charity holds no paid staff, relying entirely on volunteers, and reports no material uncertainties or governance failures in the independent examiner's report.
What the accounts disclose
“The Church’s main source of income is from voluntary gifts from Church members.” — page 4
“The Trustees aim to maintain reserves equal to at least 6 months’ running costs.” — page 4
Property (HM Land Registry)
Trustees
- Michelangelo Letochair
- AYODELE OLUSOJI ADEKOYA
- Helen Page
- PHILIP PAGE
- ROSARIO LETO
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £113k | £61k |
| 30/09/2024 | £119k | £68k |
| 30/09/2023 | £87k | £44k |
| 30/09/2022 | £95k | £51k |
| 30/09/2021 | £55k | £29k |
Common questions
Is CORNERSTONE CHURCH (ST ALBANS) financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves of £325,067 are sufficient for at least 11 years of normal running costs, significantly exceeding the trustees' policy target of six months. The charity holds no paid staff, relying entirely on volunteers, and reports no material uncertainties or governance failures in the independent examiner's report. Its FY2025 accounts were independently examined.