Financial Update - 2016
The Cornerstone Leadership Team is committed to transparent accountability in financial matters. Below you can see the financial report and accounts for our last financial year (ending 31st October 2016).
You can find our financial report in full here.
You can find our financial report in full here.
Financial Update - 2015
The Cornerstone Leadership Team is committed to transparent accountability in financial matters. We aim to present a quarterly update on the finances to the congregation. We are still a young church - just under 2 years old as of May 2015 - and there is much about which to be encouraged.
The presentation (view above, or download here) details first of all the monthly income as a spreadsheet and then as a chart showing how much is given in the Sunday offerings and how much is given by direct transfer.
You can see that there is perhaps an upward trend. Looking at the expenses spreadsheet, the far right column is this year’s budget. You’ll see that we budget £40,000 expenses of which 50% is personnel, 30% venue hire and 10% mission giving. For some in our congregation, that may seem a lot of money. Others will quickly realise that for a church of our size, this really is a “shoe-string” budget.
There are four couples giving themselves full time to teaching and pastoring within the Cornerstone community. Currently, we contribute £20,000 per annum to these couples. This represents a fraction of their overall living and ministry costs. In each case these couples are also raising personal financial support to enable them to work within Cornerstone and the wider St Andrews community. In two cases this is in partnership with the UK Navigators; in the other two cases the couples raise financial support using the agency of Stewardship. The leadership team believes that the financial support given by the church community to those who serve it through teaching and pastoral work should rise over time.
Overall, this budget represents extraordinary value and we are blessed in Cornerstone with a wealth of people resources. As we go forward, we continue to depend completely on God providing what we need. As the old saying goes:
You can see that there is perhaps an upward trend. Looking at the expenses spreadsheet, the far right column is this year’s budget. You’ll see that we budget £40,000 expenses of which 50% is personnel, 30% venue hire and 10% mission giving. For some in our congregation, that may seem a lot of money. Others will quickly realise that for a church of our size, this really is a “shoe-string” budget.
There are four couples giving themselves full time to teaching and pastoring within the Cornerstone community. Currently, we contribute £20,000 per annum to these couples. This represents a fraction of their overall living and ministry costs. In each case these couples are also raising personal financial support to enable them to work within Cornerstone and the wider St Andrews community. In two cases this is in partnership with the UK Navigators; in the other two cases the couples raise financial support using the agency of Stewardship. The leadership team believes that the financial support given by the church community to those who serve it through teaching and pastoral work should rise over time.
Overall, this budget represents extraordinary value and we are blessed in Cornerstone with a wealth of people resources. As we go forward, we continue to depend completely on God providing what we need. As the old saying goes:
“God’s work done in God’s way will never lack God’s resources.”
May our church life show this to be true!