**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| 1 **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) Page 2 **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 Page 3 ## **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: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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. **----- Start of picture text -----**
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 Page 4 **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**| Page 5 **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 Page 6 **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| Page 7