THE CORNERSTONE TRUST
The charity runs a Christian bookshop with books, bibles, bible notes, Christian artifacts etc. on sale.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a trading loss of £3,542 for the year ended 31 March 2025, primarily due to turnover falling short of the £41,000 break-even point. Despite this loss, unrestricted reserves increased to £58,942, which the trustees consider sufficient to cover twelve months of unrestricted expenditure plus forecast shortfalls. The charity confirms there are no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to about twelve months unrestricted expenditure plus an allowance for any forecast shortfall on project expenditure.” — page 5
Trustees
- REV Gary Brownchair
- Ken Frazer
- Rev FERGUS TOM PEARSON WI
- Rev Robert Jackson
- Suzanne Cooper
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £34k | £33k |
| 31/03/2024 | £32k | £32k |
| 31/03/2023 | £33k | £36k |
| 31/03/2022 | £33k | £47k |
| 31/03/2021 | £42k | £30k |
Common questions
Is THE CORNERSTONE TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a trading loss of £3,542 for the year ended 31 March 2025, primarily due to turnover falling short of the £41,000 break-even point. Despite this loss, unrestricted reserves increased to £58,942, which the trustees consider sufficient to cover twelve months of unrestricted expenditure plus forecast shortfalls. The charity confirms there are no material uncertainties regarding its ability to continue as a going concern. Its FY2025 accounts were independently examined.