Register of Charities - The Charity Commission CORNERSTONE COLLECTIVE OF CHURCHES

Charity number: 1152099
Charity reporting is up to date (on time)

Activities - how the charity spends its money

Public preaching of the Gospel in order to advance the Christian faith in our sphere of operation; training men and women for church leadership, and running activities open to our communities such as parent/carer and toddler/baby groups, a food pantry, youth groups, fitness classes and support for the development of wider skill sets. Planting churches through the development of Gospel Communities.

Income and expenditure

Data for financial year ending 31 July 2023

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

One or more trustees receive payments or benefits from the charity for providing services to the charity.