Coastal Community Church Registered Charity Number: 1050320
COASTAL COMMUNITY CHURCH
Trustees Annual Report and Accounts For the year ended 30[th] April 2024
Coastal Community Church
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 30[th] April 2024
| Page | |
|---|---|
| Report of the Trustees | 2 to 3 |
| Independent Examiner's Report | 4 |
| Receipts and Payments. | 5 |
| Statement of Assets and Liabilities | 6 |
| Notes to the Accounts | 7 |
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Coastal Community Church
REPORT OF THE TRUSTEES for the year ended 30[th] April 2024
The trustees present their report and accounts for the year to 30[th] April 2024. The trustees have opted, under section 133 of the Charities Act 2011 (‘the Charities Act’), to prepare receipts and payments accounts
Objectives and Aims
We believe that the world should hear the good news of the gospel of Jesus Christ. We believe that Jesus Christ died for our sins on the cross that we could have a new life and fresh start in him. We believe that Jesus still heals today and this message is and will continue to be taken to the nations.
Public benefit
The Trustees have considered the Charity Commission guidance on public benefit and consider that the activities of the charity meet its charitable objectives and provide a benefit to the public.
Achievement and Performance
This financial year began with being given Bethel Pentecostal Church Tiverton so that we could do more for the community. We began a change in charity structure to accommodate the new building, moving from an old-style charity structure to a Charitable Incorporated Organisation. The provision of this building now meant that we had two locations, one in Tiverton and one in Fremington, Barnstaple. We were able to provide events and much needed services for the community in both locations. One of these monthly events was Messy Church in both locations where families could also come and enjoy a free breakfast. The trainee minister that we had financially supported, achieved his accreditation this year and so we positioned this newly qualified Minister at the Tiverton location. Both churches have seen a good number of people who want to grow in loving Jesus. We have provided community groups for pastoral care and discipleship programmes. We have had many salvations and some baptisms this year including some of our youth. We have continued developing the project work at the Hub on the Strand, including finalising our building plans and gaining approval with the local council and building control. In December, we provided Community Carol services at both locations which were well attended. We gave away selection boxes to the children. We have recently appointed a new youth worker who will also completing training through SWYM. We continue to tithe the tithe and we supported many charities and organisations including but not limited to CAP North Devon, South West Youth Ministries, CreationFest, and new church plants in the UK and in Europe. We were able to help fund attendees for Young Lions as part of the AoG Leadership programme for young people, and also send 2 of our members as coaches for the weekend. These weekends greatly encourage and equip those who go, and were edifying and enjoyable. We also financially supported those who wanted to attend our AOG area Days and we were able to send our team to the AOG National Conference
Financial review
The trustees consider the financial performance by the charity during the year to have been satisfactory. The Statement of Financial Activities show net outgoing resources for the year of a revenue nature of £16,622 (PY: incoming £368)
Income received was £71,947 (PY: £102,998) and expenditure was £88,569 (PY: £102,630)
Reserves policy
The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the Charity should be approximately six months of the resources expended. At this level the trustees feel that they would be able to continue the current activities of the Charity in the event of a significant drop in income.
Unrestricted cash reserves held at the year-end amounted to £27,850 (PY: £34,619)
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Coastal Community Church
REPORT OF THE TRUSTEES
for the year ended 30[th] April 2024
Structure, Governance and Management
Governing document
The organisation is a registered charity governed by Constitution dates 12[th] August 1993 as amended on 9[th] August 2008 and 13[th] August 2010
New members are elected by the existing trustees to the board after nomination and interview.
Financial reports are presented to the board at each meeting. Minutes of each meeting are taken and subsequently distributed.
| Reference and Administration Details | Reference and Administration Details | |
|---|---|---|
| Registered name | Registered Charity number | |
| Coastal Community Church | 1050320 | |
| Known as | ||
| One Life Church | ||
| Principal address | ||
| Hub on the Stand | ||
| 7a The Strand | ||
| Barnstaple | ||
| Devon | ||
| EX31 1EU | ||
| Trustees | ||
| Name | Position | Appointments/Resignations |
| Andrea Rowan | Chair | |
| Gary Yeo | ||
| Julie Warrender | ||
| Kerissa Wright | Appointed 1stMarch 2022 | |
| Patricia Gover | Appointed 1stMarch 2022 | |
| Name of senior staff | ||
| Mark and Andrea Rowan | Pastors | |
| Independent Examiner | ||
| Magnus Proctor FFA | ||
| Lindisfarne | ||
| Landkey Road | ||
| Barnstaple | ||
| EX32 9BW |
Approved by the board of trustees on 26[th] June 2024 and signed on its behalf by:
............................................. Andrea Rowan, Chair
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COASTAL COMMUNITY CHURCH
Independent examiner's report to the trustees of Coastal Community Church
I report to the charity trustees on my examination of the accounts of Coastal Community Church (the Trust) for the year to 30[th] April 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
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Signed:
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Magnus Proctor FFA Fellow of the Institute of Financial Accountants Lindisfarne Landkey Road Barnstaple EX32 9BW
Date: 26/06/2024
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Coastal Community Church
RECEIPTS AND PAYMENTS for the year to 30[th] April 2024
| Receipts Donations and gifts Gift aid Grant income Investment income Bethel contribution Total receipts Payments Ministry gifts AOG annual offering Rent Pension Manse rent Staff salaries Conference expenses Travel Ministry resources Hospitality Office costs Telephone costs Utilities IT and software costs Subscriptions Repairs and maintenance Accountancy fees Bank and financial charges Insurance Legal and professional fees Website Total payments Net receipts / (payments) Reconciliation of funds Transfer between funds Total Funds brought forward Total Funds carried forward |
2024 2023 Unrestricted funds Restricted funds Total Total £ £ £ 62,935 300 63,235 82,986 0 0 0 16,382 0 0 0 0 0 0 0 0 8,712 0 8,712 3,630 |
|---|---|
| 71,647 300 71,947 102,998 3,141 0 3,141 3,425 4,260 0 4,260 3,625 3,168 0 3,168 2,796 2,155 0 2,155 1,957 9,000 0 9,000 9,000 46,389 0 46,389 41,612 371 0 371 850 1,100 0 1,100 3,479 3,097 442 3,539 5,206 3,529 117 3,376 1,651 324 0 324 199 0 0 0 361 0 624 624 643 466 0 466 80 1,266 0 1,266 1,866 0 1,753 1,753 508 240 0 240 546 1 0 1 410 0 506 506 2,371 150 6,396 6,546 21,745 29 315 344 300 |
|
| 78,416 10,153 88,569 102,630 |
|
| (6,769) (9,853) (16,622) 368 34,619 98,258 132,877 132,509 |
|
| 27,850 88,405 116,255 132,877 |
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Coastal Community Church
STATEMENT OF ASSETS AND LIABILITIES At 30[th] April 2024
| STATEMENT OF ASSETS AND LIABILITIES At 30[th] April 2024 |
||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| Unrestricted | Restricted | Total | Total | |
| funds | funds | |||
| £ | £ | £ | ||
| Fixed Assets | ||||
| The Hub, The Strand, Barnstaple | 200,000 | 0 | 200,000 | 200,000 |
| Current Assets | ||||
| Debtors | 0 | 0 | 0 | 0 |
| Cash at bank | 27,850 | 88,405 | 116,255 | 132,877 |
| Current Liabilities | ||||
| Creditors | (300) | 0 | (300) | (300) |
| Total Assets less Liabilities | 227,550 | 88,405 | 317,955 | 332,577 |
The financial statements were approved by the Board of Trustees on 26[th] June 2024 and were signed on its behalf by:
............................................. Andrea Rowan, Chair
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Coastal Community Church
NOTES TO THE ACCOUNTS
1. Accounting Policies
Basis of preparing the financial statements and assessment of going concern
These accounts have been prepared on a receipts and payments basis as permitted by law for smaller charities.
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
2. Trustee remuneration and benefits and third party interests
Andrea and Mark Rowan, Jules and Ben Warrender each received a salary under £10,000 during the year.
No other trustee has been paid any remuneration or received any benefits from an employment with the charity or a related entity.
3. Movement in Funds
| Unrestricted Funds General Fund Restricted: Building reserve (The Hub) Welfare fund Total Funds |
Balance Income Expenditure Transfers Balance 1st May 2023 30th Apr 2024 34,619 71,647 (78,416) 0 27,850 97,600 300 (10,153) 0 87,747 658 0 (0) 0 658 |
|---|---|
| 132,877 71,947 (88,569) 0 116,255 |
| Unrestricted Funds General Fund Restricted: Building reserve (The Hub) Welfare fund Total Funds |
Balance Income Expenditure Transfers Balance 1st May 2022 30th Apr 2023 38,730 78,718 (82,829) 0 34,619 93,121 24,280 (19,801) 0 97,600 658 0 (0) 0 658 |
|---|---|
| 132,509 102,998 (0) 0 132,877 |
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