CORNERSTONE CHURCH PORTSMOUTH

Registered charity 1178431 · accounts filings on the Charity Commission register

The advancement of the Christian faith in accordance with the FIEC Basis of Faith primarily, but not exclusively, in the Portsmouth and neighbouring areas. Activities involve regular meetings and outreach events, as well as other charitable purposes that will further the work of the Church.

Causes: Religious Activities · website · Get email alerts

Latest income

£148k

Latest spending

£143k

Registered

2018

Accounts read

FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity's funding principally comes from gifts and donations from its congregation. The trustees report that all income was used in accordance with the approved 2024 budget and that financial outgoings were consistent with standard activity levels. The charity maintains a reserves policy targeting three months of basic operating costs.

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

What the accounts disclose

Largest income source: none

“The Charity’s funding principally comes from gifts and donations made by members of the congregation together with associated Gift Aid.” — page 6

Per its FY2024 accounts as filed with the Charity Commission.

Reserves policy: three months of basic operating costs

“A reserves policy exists whereby, in normal circumstances, cash reserves should be retained amounting to 3 months’ basic operating costs (such costs being estimated at a nominal 80% of the full current-year charity budget).” — page 6

Per its FY2024 accounts as filed with the Charity Commission.

Payments to trustees: Pastor J.P. Shulver and Assistant Pastor D.I. Shaw received remuneration and rent payments for the Church Manse.

“Two Trustees, who are the Pastor and Assistant Pastor, received remuneration in that capacity at levels determined by non-Pastor Trustees, as well as rent payments in connection with the Church Manse agreement at levels determined by the non-Pastor Trustees, meeting separately, at or below the appropriate market levels for the relevant property.”

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: Trustees J.P. Shulver and D.I. Shaw received remuneration and rent payments for the Church Manse.

“Two Trustees, who are the Pastor and Assistant Pastor, received remuneration in that capacity at levels determined by non-Pastor Trustees, as well as rent payments in connection with the Church Manse agreement at levels determined by the non-Pastor Trustees, meeting separately, at or below the appropriate market levels for the relevant property.”

Per its FY2024 accounts as filed with the Charity Commission.

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

Public profiles (found on the charity’s own website): facebook · instagram

Trustees · trustee networks

JONATHAN PHILIP SHULVERchair · trustee of 1 other charity
Andrew James Pontin
Brian Wellington
David Ian Shaw
THOMAS JAMES BEAUMONT

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

Operates in: Hampshire

Income and spending

Financial year end	Income	Spending
31/12/2024	£148k	£143k
31/12/2023	£127k	£130k
31/12/2022	£111k	£132k
31/12/2021	£102k	£102k
31/12/2020	£95k	£72k

Common questions

Is CORNERSTONE CHURCH PORTSMOUTH financially healthy?

Per its FY2024 accounts: The accounts state that the charity's funding principally comes from gifts and donations from its congregation. The trustees report that all income was used in accordance with the approved 2024 budget and that financial outgoings were consistent with standard activity levels. The charity maintains a reserves policy targeting three months of basic operating costs. Its FY2024 accounts were independently examined.

Who funds CORNERSTONE CHURCH PORTSMOUTH?

Funders whose own accounts filings name CORNERSTONE CHURCH PORTSMOUTH as a grant recipient include GOSPEL PARTNERS TRUST.

Known funders

Grants to this charity found in funders’ own accounts filings.

Funder	Year	Amount	Purpose (as stated by the funder)
GOSPEL PARTNERS TRUST	FY2022	£2k	Grants to gospel people in training - pre-college
GOSPEL PARTNERS TRUST	FY2023	£1k	Grants to gospel people in training - pre-college

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Funder	Similar charities funded	Amount to them
CHURCH REVITALISATION TRUST	1	£32k
THE DEO GLORIA TRUST	1	£10k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with CORNERSTONE CHURCH, BOURNEMOUTH.

CORNERSTONE CHURCH, BOURNEMOUTH income £161k
CORNERSTONE EVANGELICAL CHURCH income £1.2m
THE CORNERSTONE WORKS LTD income £498k
REDEEMED CHRISTIAN CHURCH OF GOD DISCIPLESHIP CENTRE PORTSMOUTH LTD income £265k
CORNERSTONE CHURCH BRIGHOUSE income £254k
CORNERSTONE CHURCH (ST ALBANS) income £113k

Side by side with its peers

Charity	Income	Top pay band	Reserves vs policy	Fundraising cost	Going concern
CORNERSTONE CHURCH PORTSMOUTH	£148k	—	unclear	—	no doubt
CORNERSTONE CHURCH, BOURNEMOUTH FY2024	£161k	—	unclear	—	no doubt
CORNERSTONE EVANGELICAL CHURCH FY2025	£1.2m	—	unclear	—	no doubt
THE CORNERSTONE WORKS LTD FY2025	£498k	—	above	—	no doubt
REDEEMED CHRISTIAN CHURCH OF GOD DISCIPLESHIP CENTRE PORTSMOUTH LTD FY2025	£265k	—	within	—	no doubt
CORNERSTONE CHURCH BRIGHOUSE FY2025	£254k	—	unclear	—	no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.