Cornerstone Bath
As a small church we hold Sunday services with worship and teaching for all ages. Mid-week we have pastoral care groups.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves of £98,472 significantly exceed the trustees' stated policy target of £15,000. The charity reported a net surplus for the year, with total income increasing to £133,171 and total expenditure at £98,797. The independent examiner confirmed that no material matters came to their attention regarding the accounts.
What the accounts disclose
“The trustees have determined that the charity should aim to hold unrestricted cash of no less than £15,000 (which equates to about 3 months of unrestricted expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely.” — page 4
“Malcolm Gamon served as a church leader and was paid £38,460 [2023: £39,669] for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document. No payments were made to any other trustees or persons related to them, except for reimbursement of expenses paid out on behalf of the charity.” — page 8
Trustees
- NIGEL RINGchair
- Dr Jonathan Nzakizwanayo
- Katrina Louise Wilding
- Malcolm Gamon
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £133k | £99k |
| 31/03/2024 | £89k | £83k |
| 31/03/2023 | £96k | £64k |
| 31/03/2022 | £51k | £33k |
| 31/03/2021 | £20k | £10k |
Common questions
Is Cornerstone Bath financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves of £98,472 significantly exceed the trustees' stated policy target of £15,000. The charity reported a net surplus for the year, with total income increasing to £133,171 and total expenditure at £98,797. The independent examiner confirmed that no material matters came to their attention regarding the accounts. Its FY2025 accounts were independently examined.