## ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
## Suncoast Church
(A company limited by guarantee) Charity registration number: 1108845 Company registration number: 05331510
Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
## **SUNCOAST CHURCH**
## **CONTENTS**
|Legal and Administrative Information|1|
|---|---|
|Trustees' Report|2 to 6|
|Independent Examiner's Report|7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Notes to the Financial Statements|10 to 19|
## **SUNCOAST CHURCH**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Charity Registration** 1108845 **Number Company Registration** 05331510 **Number Trustees** Robert Milburn Smillie Peter Sinclair Dobson Jonathon Robinson **Registered address** 3 Courtlands Road Eastbourne East Sussex BN22 8TR **Bankers** HSCB 94 Terminus Road Eastbourne East Sussex BN21 3ND **Independent Examiner** G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
Page 1
## **SUNCOAST CHURCH**
## **TRUSTEES' REPORT**
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2021.
## **Objectives and activities**
## _**Objects and aims**_
The company's objectives and principal activities are:
- The advancement of the Christian Faith in accordance with the declaration of faith set
- out in the Memorandum and Articles of Association.
- The advancement of education on the basis of Christian principles.
- The relief of persons who are in conditions of need, hardship or distress,aged or sick.
These objectives are progressed through the various activities and departments in the life of the church, continuing to work increasingly within the community in which it is based.
## _**Public benefit**_
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Structure, governance and management**
## _**Nature of governing document**_
The company is constituted under a Memorandum of Association dated 13/01/2005 and is a registered charity number 1108845.
## _**Recruitment and appointment of trustees**_
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.
The directors look for persons of proven integrity who share the vision and objectives of the charity and who have the relevant wisdom and experience to contribute to the running of the company. Under the requirements of the Memorandum and Articles of Association the Senior Pastor remains chairman of the company. The remaining board members retire by rotation.
## _**Induction and training of trustees**_
Each new director is provided with the relevant Charity Commission publications, a copy of the Memorandum and Articles of Association and at a meeting with the Chairman fully briefed on the operation of the company and the responsibility of the directors.
Page 2
## **SUNCOAST CHURCH**
## **TRUSTEES' REPORT**
## _**Organisational structure**_
The charity, based in Eastbourne is governed by a board of directors who are responsible for all financial decisions and management. The members of the board of directors work in close consultation with members of the Senior Leadership Team who are responsible for the formulating and implementing of strategy and planning as well as the oversight of various departments.
The activities of the charity are facilitated by regular Sunday meetings and special events, a network of house groups and community based projects which include a children's outreach program and street chaplaincy. The charity also works with Eastbourne Churches Working Together and other local community support groups such as Foodbank and Street Pastors.
## _**Risk management**_
The directors are confident that risks are kept to a minimum through strict financial control with regular reviews. The directors consider that the main risk to the company would be a reduction in the size of the church membership or its ability and desire to give. This risk is managed through regular reporting of giving trends and active development of the growing vision. Church membership has increased and the directors are confident that it will continue increasing at this time.
## _**Relations with other organisations**_
The charitable company is part of the International Network of Churches and makes covenanted payments to its European Oversight, I.N.C., and makes occasional donations to its international relief charity, Global Compassion.
## **Review of charitable activities undertaken**
## _**Advancement of the Christian faith:**_
During this year of Covid 19 lockdowns the charity continued to employ one full time pastor/evangelist for the purposes of evangelism and the organisation of evangelistic events, most of which were streamed online.
The charity also increased the hours of its part-time administrator to full-time to better facilitate the aims and objectives of the charity.
The charity continued to lease a building, which was used to provide the local community with a place of worship whenever Covid 19 lockdowns were eased.
When not in lockdown, the building continued to provide accommodation for local community groups/charities such as the Performance Factory and the Blood Bank.
When not in lockdown due to Covid 19, the charity continued to conduct in-person Sunday morning services throughout the year. During periods when lockdowns prevented this, Sunday services were live streamed via Facebook and later uploaded to YouTube with a number of people embracing or returning to the Christian faith in response, including several based outside the U.K.
Page 3
## **SUNCOAST CHURCH**
## **TRUSTEES' REPORT**
Midweek meetings conducted via Zoom were also held to promote the Christian faith. The charity also moved its engaging children’s program online via Zoom during these lockdowns.
Overseas Missionary Support: The charity continued to provide regular financial support for a full-time missionary couple based in Southern Mexico. This couple had been members of the church for several years before undertaking the move to Mexico. A mentoring relationship with them continues via Zoom.
## _**Advancement of education:**_
The charity continued to run a short-term educational program called ‘Growth Track’ for prospective members of the church which in the future will be conducted three times per year.
A support group for newly arrived Christian asylum seekers in Eastbourne was set up on a weekly basis at the church premises in early 2021 when lockdown was eased. The charity supplied Christian books for these asylum seekers and teaching was given on many subjects relevant to the Christian faith.
The charity made monthly contributions to INC Europe, which is a charity that organises Christian conferences and seminars in the UK.
The charity produced online video content to support our children’s work during lockdowns.
## _**Relief of persons in need:**_
Covid 19 lockdowns in Nepal and Bangladesh brought much hardship to the most disadvantaged in these countries in the form of unemployment and food scarcity. The Charity partnered with two NGOs in these nations and sent £2000 for emergency relief.
In Central and Eastern Bulgaria Covid 19 lockdowns severely impacted the Gypsy communities there. Being unable to travel and work many families found themselves needing emergency food relief. Some families also lost a parent to Covid 19 leaving them without a breadwinner. The charity partnered with an NGO based in Plovdiv, central Bulgaria and provided £1,048 for the purchase of food staples.
Locally, the charity continued to partner with the local branch of the Foodbank, providing a food drop off point within the building. A donation of £200 was also made to the local charity Matthew 25 for their work feeding the homeless of Eastbourne, and a donation of £550 was made to People Matter, a local charity helping the unemployed of the town to find jobs. The charity also purchased new winter clothing for some locally based asylum seekers.
The charity provided funds for the 72 boys and girls of ‘Hope House’ in Bangladesh to have a Christmas dinner. ‘Hope House’ is a children’s home for orphaned and abandoned children. Left over funds were used to buy clothes for the children.
Page 4
## **SUNCOAST CHURCH**
## **TRUSTEES' REPORT**
The charity provided funds of £787 for the basic needs of individuals on a drug and alcohol recovery program at a rehabilitation centre in central Ukraine. The funds were also used to take care of the basic needs of the 50 (approx.) elderly residents of a care home run by the same NGO. Many of these elderly people are physically disabled and are visually impaired and cannot draw the meagre state pension due to a lack of personal documentation.
## **Financial review**
Income for the year amounted to £142,303 (2020 - £154,420) and expenditure £117,907 (2020 - £117,907). The surplus was added to funds brought forward, with balances at the year end being £109,184 for unrestricted and £8,058 for restricted funds.
## _**Investment policy and objectives**_
As INC is still pioneering its work in Europe, all funds generated are used to progress the objectives and visions of the organisation. Investment policy will be reviewed as the church continues to grow.
## _**Going concern**_
After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
Page 5
## **SUNCOAST CHURCH TRUSTEES' REPORT**
## **Statement of Responsibilities**
The trustees (who are also the directors of Suncoast Church for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The annual report was approved by the trustees of the charity on 19 November 2021 and signed on its behalf by:
......................................... Robert Milburn Smillie Trustee
Page 6
## **SUNCOAST CHURCH**
## **INDEPENDENT EXAMINER'S REPORT**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2021 which are set out on pages 8 to 19.
## **Respective responsibilities of trustees and examiner**
As the charity’s trustees of Suncoast Church (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of Suncoast Church are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of Suncoast Church as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
19 November 2021
Page 7
## **SUNCOAST CHURCH**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**
|**Note**
**Unrestricted**
**£**
**Income and Endowments from:**
Donations and legacies
3
126,662
Charitable activities
4
-
Investment income
5
65
Other income
6
4,950
Total income
131,677
**Expenditure on:**
Charitable activities
7
114,455
Total expenditure
114,455
Net income
17,222
Transfers between funds
392
Net movement in funds
17,614
**Reconciliation of funds**
Total funds brought
forward
91,570
Total funds carried
forward
14
109,184|**Restricted**
**£**
10,626
-
-
-
10,626
3,452
3,452
7,174
(392)
6,782
1,276
8,058|**Total**
**2021**
**£**
137,288
-
65
4,950
142,303
117,907
117,907
24,396
-
24,396
92,846
117,242|**Total**
**2020**
**£**
133,121
32
124
21,143|
|---|---|---|---|
||||154,420|
||||120,713|
||||120,713|
||||33,707
-|
||||33,707
59,139|
||||92,846|
The notes on pages 10 to 19 form an integral part of these financial statements. Page 8
## **SUNCOAST CHURCH**
## **REGISTERED NUMBER: 05331510**
## **BALANCE SHEET AS AT 31 MARCH 2021**
|**Note**
**Fixed assets**
Tangible assets
11
**Current assets**
Debtors
12
Cash at bank and in hand
**Creditors: Amounts falling due within one year**
13
**Net current assets**
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
**Unrestricted income funds**
Unrestricted funds
**Total funds**
14|**2021**
**£**
3,170
10,321
108,171
118,492
(4,420)
114,072
117,242
8,058
109,184
117,242|**2020**
**£**
4,226
15,712
77,828|
|---|---|---|
|||93,540
(4,920)|
|||88,620|
|||92,846|
|||1,276
91,570|
|||92,846|
For the financial year ending 31 March 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements on pages 8 to 19 were approved by the trustees, and authorised for issue on 19 November 2021 and signed on their behalf by:
......................................... Robert Milburn Smillie Trustee
The notes on pages 10 to 19 form an integral part of these financial statements. Page 9
## **SUNCOAST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2021**
## **1 Charity status**
The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.
## **2 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.
## **Basis of preparation**
Suncoast Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
## **Income and endowments**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Page 10
## **SUNCOAST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2021**
## _**Donations and legacies**_
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
## _**Gift aid**_
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
## _**Investment income**_
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## _**Grant provisions**_
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Page 11
## **SUNCOAST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2021**
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
**Asset class Depreciation method and rate** Short-term leasehold property over remainder of lease Office equipment 25% reducing balance method
## **Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Liabilities**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **Financial instruments**
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Page 12
## **SUNCOAST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2021**
## **3 Income from donations and legacies**
|**Unrestricted**
**funds**
**General**
**£**
Donations and legacies;
Donations
106,195
Gift aid reclaimed
20,467
126,662
**4 Income from charitable activities**
Cafe Sales
**5 Investment income**
**Unrestricted**
**funds**
**General**
**£**
Interest receivable and
similar income;
Interest receivable on
bank deposits
65
**6 Other income**
**Unrestricted**
**funds**
**General**
**£**
Rental income
4,950|**Restricted**
**funds**
**£**
10,626
-
10,626
**Restricted**
**funds**
**£**
-
**Restricted**
**funds**
**£**
-|**Total**
**2021**
**£**
116,821
20,467
137,288
**Total**
**2021**
**£**
-
**Total**
**2021**
**£**
65
**Total**
**2021**
**£**
4,950|**Total**
**2020**
**£**
117,432
15,689|
|---|---|---|---|
||||133,121|
||||**Total**
**2020**
**£**
32|
||||**Total**
**2020**
**£**
124|
||||**Total**
**2020**
**£**
21,143|
Page 13
## **SUNCOAST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2021**
## **7 Expenditure on charitable activities**
|**Note**
Church activities
and mission
Premises costs
and hall hire
Equipment costs
National
organisation
seed
Travelling
expenses
Manse costs
Hospitality and
catering
Insurance,
subscriptions and
Postage,
stationery and
Bank charges
and currency
costs
Bookkeeping
Legal and
professional fees
Independence
examination
Depreciation,
amortisation and
other similar
costs
Grant funding of
activities
8
Staff costs
10|**Unrestricted**
**funds**
**General**
**£**
1,149
41,705
754
5,587
87
10,055
97
3,313
4,287
404
3,168
-
810
963
4,784
37,292
114,455|**Restricted**
**funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
94
3,358
-
3,452|**Total**
**2021**
**£**
1,149
41,705
754
5,587
87
10,055
97
3,313
4,287
404
3,168
-
810
1,057
8,142
37,292
117,907|**Total**
**2020**
**£**
3,527
45,673
1,526
5,534
2,045
10,055
2,846
2,677
3,521
560
3,168
491
810
1,408
5,733
31,139|
|---|---|---|---|---|
|||||120,713|
Page 14
## **SUNCOAST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2021**
## **8 Grant-making**
## **Analysis of grants**
Grants
**Grants to institutions 2021 2020 £ £** 8,142 5,733
## **9 Trustees remuneration and related party transactions**
Mr R Smillie, a trustee, and his wife are employees of the charity and received gross income of £37,292 (2020 - £31,139). The charity also paid £10,055 (2020 - £10,055) for their living accommodation.
The only other payments made to the trustees, or any person connected with them, consisted of reimbursements of expenditure incurred on behalf of the charity in furthering the charity's objects.
## **10 Staff costs**
The aggregate payroll costs were as follows:
**2021 2020 £ £ Staff costs during the year were:** Wages and salaries 37,292 31,139
The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows:
**2021 2020 No No** Staff 2 2
No employee received emoluments of more than £60,000 during the year.
Page 15
## **SUNCOAST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2021**
## **11 Tangible fixed assets**
|**11 Tangible fixed assets**||||||
|---|---|---|---|---|---|
|**Land and**
**buildings**
**£**
**Cost**
At 1 April 2020
123,988
Additions
-
At 31 March 2021
123,988
**Depreciation**
At 1 April 2020
123,988
At 31 March 2021
123,988
**Net book value**
At 31 March 2021
-
At 31 March 2020
-
**12 Debtors**
Prepayments
Accrued income
Other debtors
**13 Creditors: amounts falling due within one year**
Trade creditors
Other taxation and social security
Other creditors
Accruals|**Land and**
**buildings**
**£**
123,988
-||**Office**
**equipment**
**£**
38,462
(34,236)
4,226
1,056
1,056
3,170
37,406
**2021**
**£**
280
7,339
2,702
10,321
**2021**
**£**
1,195
458
1,917
850
4,420||**Total**
**£**
162,450
(34,236)
128,214
125,044
125,044
3,170
37,406
**2020**
**£**
9,762
5,410
540|
||123,988||4,226|||
||123,988||1,056|||
||123,988||1,056|||
||-||3,170|||
||-||37,406|||
||||**2021**
**£**
280
7,339
2,702
10,321
**2021**
**£**
1,195
458
1,917
850
4,420|||
||||||15,712|
||||||**2020**
**£**
1,508
1,075
1,487
850|
||||||4,920|
Page 16
## **SUNCOAST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2021**
## **14 Funds**
## **Statement of funds - current year**
|**Unrestricted funds**
**_General_**
General Funds
**_Designated_**
Dilapidation fund
Rent fund
**Total unrestricted**
**funds**
**Restricted funds**
Building fund
Sound equipment
Global Compassion
Global Compassion:
Hope House
Church planting fund
Specific gifts
Church and
community needs
Ukraine fund
Bangladesh Motorcycle
**Total funds**|**Balance**
**at 1 April**
**2020**
**£**
1,570
48,000
42,000
90,000
91,570
266
376
5
145
110
-
343
31
-
1,276
92,846|**Incoming**
**resources**
**£**
131,677
-
-
-
131,677
60
-
1,220
10
-
859
110
757
7,610
10,626
142,303|**Resources**
**expended**
**£**
(114,455)
-
-
-
(114,455)
-
(94)
(1,225)
(155)
-
(754)
(436)
(788)
-
(3,452)
(117,907)|**Transfers**
**£**
392
-
-
-
392
-
(282)
-
-
(110)
-
-
-
-
(392)
-|**Balance**
**at 31**
**March**
**2021**
**£**
19,184
48,000
42,000|
|---|---|---|---|---|---|
||||||90,000|
||||||109,184|
||||||326
-
-
-
-
105
17
-
7,610|
||||||8,058|
||||||117,242|
Page 17
## **SUNCOAST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2021**
## **Restricted funds:**
**Building and sound equipment fund:** These were donations received for the purpose of funding the cost of improvements and future running costs of the new church building. The transfer from restricted to unrestricted funds was for the purchase of an asset to be held for general use.
**Other funds:** These represent the activities of the church and specific donations are received to support work carried out both locally and internationally. The church planting fund has been transferred to general funds with the express permission of the donor.
## **Statement of funds - prior year**
|**Unrestricted funds**
**_General_**
General Funds
**_Designated_**
Dilapidation fund
Rent fund
**Total unrestricted**
**funds**
**Restricted funds**
Building fund
Sound equipment
Global Compassion
Global Compassion:
Hope House
Church planting fund
Specific gifts
Church and
community needs
Ukraine fund
**Total funds**|**Balance**
**at 1 April**
**2019**
**£**
(32,173)
48,000
42,000
90,000
57,827
206
501
-
167
10
-
428
-
1,312
59,139|**Incoming**
**resources**
**£**
150,930
-
-
-
150,930
60
-
58
786
100
565
250
1,671
3,490
154,420|**Resources**
**expended**
**£**
(117,187)
-
-
-
(117,187)
-
(125)
(53)
(808)
-
(565)
(335)
(1,640)
(3,526)
(120,713)|**Transfers**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Balance**
**at 31**
**March**
**2020**
**£**
1,570
48,000
42,000|
|---|---|---|---|---|---|
||||||90,000|
||||||91,570|
||||||266
376
5
145
110
-
343
31|
||||||1,276|
||||||92,846|
Page 18
## **SUNCOAST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2021**
## **15 Analysis of net assets between funds**
|Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted funds**
**General**
**£**
**Designated**
**£**
3,170
-
20,434
90,000
(4,420)
-
19,184
90,000
**Unrestricted funds**
**General**
**£**
**Designated**
**£**
4,226
-
2,264
90,000
(4,920)
-
1,570
90,000|**Restricted**
**funds**
**£**
-
8,058
-
8,058
**Restricted**
**funds**
**£**
376
900
-
1,276|**Total funds**
**at 31**
**March**
**2021**
**£**
3,170
118,492
(4,420)|
|---|---|---|---|
||||117,242|
||||**Total funds**
**at 31**
**March**
**2020**
**£**
4,602
93,164
(4,920)|
||||92,846|
Page 19