CORNERSTONE BAPTIST CHURCH
Latest income
£350k
Latest spending
£330k
Registered
2021
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that total income for the year was £349,530 against expenditure of £330,359, resulting in a net income surplus of £19,171. Unrestricted reserves increased to £215,501, which the trustees consider sufficient to finance charitable activities for 34 weeks, well above their stated minimum policy of 6 weeks of staff costs.
What the accounts disclose
Reserves policy: 6 weeks of staff costs (held: £216k)
“The Managing Trustees consider that the minimum reserves necessary with no reliance on bank financing are 6 weeks of staff costs, that is £19,571” — page 9
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The custodian trustee of all the Church properties is the Yorkshire Baptist Association (YBA) (Charity number 247173).
“The custodian trustee of all the Church properties is the Yorkshire Baptist Association (YBA) (Charity number 247173). Both the Church and the YBA are members of the Baptist Union of Great Britain.” — page 20
“Donations made to the Baptist Union Home Mission Fund by the Church are shown in note 18, there were no outstanding balances at the year-end (2023: £Nil).” — page 20
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donations made to the Baptist Union Home Mission Fund by the Church are shown in note 18, there were no outstanding balances at the year-end (2023: £Nil).
“The custodian trustee of all the Church properties is the Yorkshire Baptist Association (YBA) (Charity number 247173). Both the Church and the YBA are members of the Baptist Union of Great Britain.” — page 20
“Donations made to the Baptist Union Home Mission Fund by the Church are shown in note 18, there were no outstanding balances at the year-end (2023: £Nil).” — page 20
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: During the year the wife of one of the Managing Trustees was employed in the Cragg Hill cleaning post.
“The custodian trustee of all the Church properties is the Yorkshire Baptist Association (YBA) (Charity number 247173). Both the Church and the YBA are members of the Baptist Union of Great Britain.” — page 20
“Donations made to the Baptist Union Home Mission Fund by the Church are shown in note 18, there were no outstanding balances at the year-end (2023: £Nil).” — page 20
Per its FY2024 accounts as filed with the Charity Commission.
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £350k | £330k |
| 31/12/2023 | £329k | £324k |
| 31/12/2022 | £353k | £336k |
Common questions
Is CORNERSTONE BAPTIST CHURCH financially healthy?
The accounts state that total income for the year was £349,530 against expenditure of £330,359, resulting in a net income surplus of £19,171. Unrestricted reserves increased to £215,501, which the trustees consider sufficient to finance charitable activities for 34 weeks, well above their stated minimum policy of 6 weeks of staff costs. Its FY2024 accounts were independently examined.