Finance Score: 0

Governance Score: -5

Support Score: 0

Accounts filed more than 5 days late: -2 times
Strong growth: +2
No PartB

Narrow trustee age band: -2
All male board: -3

Large volunteers +3

Overall GiG Score: -2

CORNERSTONE REGENERATION

The principal activity of Cornerstone Regeneration is to provide quality buildings which generate a sustainable incomestream for Parishes with a view to assuring the presence of the Catholic Church in regeneration areas. The companybecame a registered charity with the Charity Commission on 8 August 2011.

Analysis by Giving is Great

Positives:

This charity has been successful in attracting volunteers relative to its size
There has been strong growth in spending over the last 5 years
There have been no material income shortfalls in recent years

Regulatory & Governance issues to consider:

The Board is completely male
The Board has little diversity in terms of age

Financial issues to consider:

A PartB annual return has not been required and so detailed financial information is not available from the online data
Accounts have been filed late on 2 occasions over the last 5 years and the current period appears to have been extended

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
30/06/23	*	£13	£2	£11	n/a	n/a	n/a	n/a	n/a	2
30/06/22	*	£10	£1	£9	n/a	n/a	n/a	n/a	n/a	0
30/06/21	*	£10	£1	£9	n/a	n/a	n/a	n/a	n/a	0
30/06/20		£10	£1	£9	n/a	n/a	n/a	n/a	n/a	0
30/06/19		£10	£0	£10	n/a	n/a	n/a	n/a	n/a	0
30/06/18?		£10	£2	£8	£0	£0	£0	n/a	0	0
31/05/17		£10	£1	£9	£0	£0	£0	n/a	0	0
31/05/16		£7	£11	£-4	£0	£0	£0	n/a	0	0
31/05/15		£1	£1	£0	£0	£0	£0	n/a	0	0
31/05/14		£1	£0	£1	£0	£0	£0	n/a	0	0
31/05/13		£12	£20	£-8	£0	£0	£0	n/a	0	0
31/05/12		£0	£7	£-7	£0	£0	£0	n/a	0	0

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Highest pay bracket: less than £60,000

Established: 13 years
(15 years as a company)

dcn.paul.oconnor@rcaob.org.uk

01212306270

Charity Commission for England and Wales

Listed activities

Accommodation/Housing
Amateur Sport
Disability
Economic/Community Development/Employment
General Charitable Purposes
Recreation
Religious Activities
The Advancement Of Health Or Saving Of Lives
The Prevention Or Relief Of Poverty

GiG Classification

Financial or material assistance

How it operates

Provides buildings/facilities/open space
Provides services

Where it operates

Birmingham City,

Who it helps

Children/Young People
Elderly/Old People
Other Charities Or Voluntary Bodies
People With Disabilities
The General Public/Mankind

Who supports them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (3)

Current Trustees appointed

Gender Split

Age Range of Trustees: 54-67

CHRISTOPHER THOMAS LOUGHRAN Appointed: 2020, Occupation: Business Advisor, Other trusteeships: THE CBSO DEVELOPMENT TRUST, KYRA, BIRINUS,

PAUL JAMES CUSACK Appointed: 2012, Occupation: Investment Manager, Other trusteeship: BIRMINGHAM STOCK EXCHANGE BENEVOLENT FUND,

REV PAUL O'CONNOR Appointed: 2018, Occupation: Minister Of Religion/Chartered Town Planner, Other trusteeship: HARVINGTON HALL RESTORATION FUND,

Legal constitution

Charitable company registered in England & Wales on 08/08/2011, number: 1143282
Registered at Companies House on 11/05/2009, number: 06901342

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Conflicting interests
Internal risk management policy and procedures
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Trustee conflicts of interest policy and procedures

Filing Record

12 returns made; AR23: 58 days late, AR22: 14 days late, AR21: 3 days late,

Main office

The Church Office
2 Sansome Place
WORCESTER
WR1 1UG

Objectives

1. THE CHARITY’S OBJECTS ARE THE PROMOTION FOR THE BENEFIT OF THE PUBLIC OF URBAN OR RURAL REGENERATION IN AREAS OF SOCIAL AND ECONOMIC DEPRIVATION IN THE AREA OF BENEFIT, IN ACCORDANCE WITH THE TENETS OF THE CHRISTIAN FAITH AS UNDERSTOOD BY THE ROMAN CATHOLIC CHURCH BY ALL OR ANY OF THE FOLLOWING MEANS:A. THE RELIEF OF POVERTY IN SUCH WAYS AS MAY BE THOUGHT FIT;B. THE RELIEF OF UNEMPLOYMENT IN SUCH WAYS AS MAY BE THOUGHT FIT, INCLUDING THE PROVISION OF ASSISTANCE TO FIND EMPLOYMENT;C. THE ADVANCEMENT OF EDUCATION, TRAINING AND RETRAINING INCLUDING AMONG UNEMPLOYED PEOPLE AND PROVIDING UNEMPLOYED PEOPLE WITH WORK EXPERIENCE;D. THE PROVISION OF HOUSING AND ASSOCIATED SERVICES FOR THOSE WHO ARE IN CONDITIONS OF NEED;E. THE PROVISION OR ASSISTANCE IN THE PROVISION OF RECREATIONAL FACILITIES FOR THE PUBLIC AT LARGE AND/OR THOSE WHO, BY REASONS OF THEIR YOUTH, AGE, INFIRMITY OR DISABLEMENT, POVERTY OR SOCIAL AND ECONOMIC CIRCUMSTANCES, HAVE NEED OF SUCH FACILITIES;F. THE PROVISION OF PUBLIC HEALTH FACILITIES AND CHILDCARE.2. SUCH OTHER CHARITABLE PURPOSES AS THE BOARD MAY FROM TIME TO TIME DETERMINE.

Defined Area of Benefit:

THE AREA COVERED BY THE ARCHDIOCESE OF BIRMINGHAM NAMELY THOSE PARTS OF THE COUNTY OF OXFORDSHIRE WHICH BELONGED TO THE FORMER COUNTY OF OXFORDSHIRE NORTH OF THE THAMES, STAFFORDSHIRE, WARWICKSHIRE, WEST MIDLANDS AND WORCESTERSHIRE TOGETHER WITH SURROUNDING AREAS AS DECIDED BY THE FOUNDER MEMBER FROM TIME TO TIME

Data Sources