## ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
## Citycoast Trust
(A company limited by guarantee)
Charity registration number: 1111355 Company registration number: 05517061
Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester West Sussex PO20 7EG
## **CITYCOAST TRUST**
## **CONTENTS**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 6|
|Independent Examiner's Report|7|
|Statement of Financial Activities|8|
|Balance Sheet|9 to 10|
|Notes to the Financial Statements|11 to 24|
## **CITYCOAST TRUST**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Trustees**
Simon Lewis Colin Spicer Jamie Harland Claire Howarth
**Secretary** Simon Lewis **Charity Registration** 1111355 **Number**
**Company Registration** 05517061 **Number**
The charity is incorporated in England.
**Registered Office** North Street Portslade Hove Brighton East Sussex BN41 1DG **Independent Examiner** G W Schulz FCMA Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester West Sussex PO20 7EG **Bankers** Lloyds Bank plc 57-58 Station Road Portslade East Sussex BN41 1DF
Page 1
## **CITYCOAST TRUST**
## **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 2025.
## **Objectives and activities**
## **Structure, governance and management**
## _**Nature of governing document**_
Citycoast Trust is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.
## _**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 Memorandum of Association.
## _**Induction and training of Trustees**_
Each new director is provided with the relevant Charity Commission publications, a copy of the constitution and at a meeting with the Chairman fully briefed on the operation of the company and the responsibility of the directors.
## _**Organisational structure**_
The charitable company is based in Portslade, Brighton and works in the catchment area of Brighton and Hove. The directors facilitate the work through regional house groups as well as through community based projects which include working with youth, young adults and children.
## _**Risk management**_
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
## _**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.
Page 2
## **CITYCOAST TRUST**
## **TRUSTEES' REPORT**
## _**Objects and aims**_
The charitable company is the administrative vehicle for the activities of Citycoast Trust. The charitable company is a non-governmental, non-political organisation formed in September, 2005.
The Articles of Association define the objectives as being:
- The advancement of the Christian Faith in accordance with the doctrines set out therein.
- The relief of persons who are in conditions of need, hardship or distress, aged or sick.
- To promote support and encourage voluntary activities that advance education, culture and spiritual welfare and provide recreational and leisure activities in the interests of social welfare in the local community, Brighton and Hove and areas of benefit where we can make a difference without distinction of race, sex, political, religious or other opinion.
## **Achievements and performance**
## General
The Trustees meet every 6 – 8 weeks to ensure that the charity operates in compliance with relevant regulations and guidelines, and charity and company law, as well as overseeing the charity finances, staff and facilities and dealing with any other relevant issues. Between the full Trustees meetings, there are additional meetings to look in greater detail at the assets, compliance, income generation and staff of the organisation and then feedback to a full meeting of the Trustees.
## The advancement of the Christian faith in accordance with the doctrines set out therein
Various initiatives have either started or continued during the last financial year to advance the Christian faith. The church has also developed a clear mission statement to communicate why CityCoast Church exists: “Jesus. Becoming like Him. Making Him known. Together.”
Since May 2024, Sunday evening services have been held in Worthing. This initiative is to establish a church annex for members of the congregation who live in Worthing, as well as to reach out to the local community.
Our annual Christmas events took place this year incorporating carol services etc.
New believers and other classes have also been held to teach and train new Christians in foundational doctrines and Christian living.
Page 3
## **CITYCOAST TRUST**
## **TRUSTEES' REPORT**
Online prayer meetings have continued over the last year with regular early morning meetings, both for the local church and to show support for Christians in Ukraine. In addition, a weekly online prayer meeting has continued to pray for the ongoing situation regarding Israel following the attacks there of 7 October 2023. Since September 2024, a weekly church prayer meeting has been running to specifically pray for revival.
The work with children and young people has continued with groups for different ages: CityKids (4 – 11 years), Verve Youth (11 – 16 years) and Verve Young Adults (18 – 25 years). The CityKids teams have also run events for local children at Halloween, Christmas and Easter.
In person and online home groups, where people meet for discipleship, community and mission, continue to meet people’s basic pastoral needs. Counselling and prayer have also been available at the end of church services and other times. The digital prayer space also allows people to post prayer requests and praise reports.
The church is part of Brighton and Hove Faith in Action, which aims to promote working together between different faith groups.
The relief of persons who are in conditions of need, hardship, poverty or distress or aged or sick
CityCoast Care oversees projects in the local community. Specifically, Christmas hampers were provided to people living in local hostels.
During the last financial year, the church has continued to run a group for older people in the local community, TeaTimeTalk. Working with another local charity, Time to Talk Befriending, the group provides a free afternoon tea every month. Up to 70 older people take part and feedback has been very positive.
The church has also provided financial support to people in need through its welfare fund. A team has been developed to provide support for people accessing other local initiatives such as food banks and debt advice.
A new initiative has been Red Frogs which works with students in local colleges and universities to reduce loneliness etc. among students.
To promote support and encourage voluntary activities that advance education, culture and spiritual welfare and provide recreational and leisure activities in the interests of social welfare in the local community, Brighton and Hove and areas of benefit where we can make a difference without distinction of race, sex, political, religious or other opinion
CityCoast Centre continues to provide community space, training facilities rooms etc. for meetings/events for local groups, charities, businesses and statutory organisations.
Good relationships continue to be developed facilitating greater partnership working in the community. CityCoast Centre continues to be a useful resource for the wider community, as well as generating income for the organisation.
Page 4
## **CITYCOAST TRUST**
## **TRUSTEES' REPORT**
## **Going concern**
After making appropriate enquiries, the trustees have a reasonable expectation that the charity 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.
## **Financial review**
During the year the charitable company made an unrestricted surplus of £52,869 (2024 - deficit £2,592) and a restricted deficit of £5,936 (2024 - surplus £1,685) before transfers. The balances available to carry forward to the following year were £3,737 restricted and £1,071,856 unrestricted funds.
## _**Policy on reserves**_
The charitable company carries out a variety of projects. The directors consider that it would be desirable to have a working reserve equivalent to 3 months expenditure. At the present time funds are fully utilised as they become available. The policy will be reviewed regularly.
Page 5
## **CITYCOAST TRUST**
## **TRUSTEES' REPORT**
## **Statement of Trustees' responsibilities**
The Trustees (who are also the directors of Citycoast Trust for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
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 the incoming resources and application of resources, including its income and expenditure, of the charitable company 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 accounting standards, comprising FRS 102 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 proper accounting records that can 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.
## **Small companies provision statement**
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
The annual report was approved by the Trustees of the charity on 3 December 2025 and signed on its behalf by:
......................................... Simon Lewis Company secretary and trustee
Page 6
## **CITYCOAST TRUST**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CITYCOAST TRUST**
I report to the charity Trustees on my examination of the accounts of Citycoast Trust for the year ended 31 March 2025.
## **Responsibilities and basis of report**
As the charity’s Trustees of Citycoast Trust (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 Citycoast Trust 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**
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Chartered Institute of Management Accountants, which is one of the listed bodies.
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 Citycoast Trust 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 FCMA Independent Examiners Ltd
3 December 2025
Page 7
## **CITYCOAST TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025**
|**Note**
**Unrestricted**
**funds**
**£**
**Income and Endowments from:**
Donations and legacies
3
344,679
Charitable activities
4
-
Other trading activities
5
103,975
Investment income
6
3,052
Total income
451,706
**Expenditure on:**
Charitable activities
7
398,837
Total expenditure
398,837
Net income/(expenditure)
52,869
Net movement in funds
52,869
**Reconciliation of funds**
Total funds brought
forward
1,018,987
Total funds carried forward
15
1,071,856|**Restricted**
**funds**
**£**
15,108
-
-
-
15,108
21,044
21,044
(5,936)
(5,936)
9,673
3,737|**Total**
**2025**
**£**
359,787
-
103,975
3,052
466,814
419,881
419,881
46,933
46,933
1,028,660
1,075,593|**Total**
**2024**
**£**
315,375
1,044
114,911
690|
|---|---|---|---|
||||432,020|
||||432,927|
||||432,927|
||||(907)|
||||(907)
1,029,567|
||||1,028,660|
The notes on pages 11 to 24 form an integral part of these financial statements. Page 8
## **CITYCOAST TRUST**
## **REGISTERED NUMBER: 05517061 BALANCE SHEET AS AT 31 MARCH 2025**
|**Note**
**Fixed assets**
Tangible assets
10
**Current assets**
Stocks
Debtors
11
Cash at bank and in hand
**Creditors: Amounts falling due within one year**
12
**Net current liabilities**
**Total assets less current liabilities**
**Creditors: Amounts falling due after more than**
**one year**
13
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
**Unrestricted income funds**
Unrestricted funds
**Total funds**
15|**2025**
**£**
1,208,369
1,208,369
500
7,211
157,932
165,643
(173,808)
(8,165)
1,200,204
(124,611)
1,075,593
3,737
1,071,856
1,075,593|**2024**
**£**
1,240,945|
|---|---|---|
|||1,240,945|
|||500
7,867
146,410|
|||154,777
(169,576)|
|||(14,799)|
|||1,226,146
(197,486)|
|||1,028,660|
|||9,673
1,018,987|
|||1,028,660|
For the financial year ending 31 March 2025 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.
The notes on pages 11 to 24 form an integral part of these financial statements. Page 9
## **CITYCOAST TRUST**
## **REGISTERED NUMBER: 05517061 BALANCE SHEET AS AT 31 MARCH 2025**
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The financial statements on pages 8 to 24 were approved by the Trustees, and authorised for issue on 3 December 2025 and signed on their behalf by:
......................................... Simon Lewis Company secretary and trustee
The notes on pages 11 to 24 form an integral part of these financial statements. Page 10
## **CITYCOAST TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **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 £1 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)) (issued in October 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**
Citycoast Trust 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 11
## **CITYCOAST TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## _**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.
## _**Interest receivable**_
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **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.
All expenditure is inclusive of irrecoverable VAT.
## _**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.
## **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 are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Page 12
## **CITYCOAST TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **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** Freehold property Fixtures and fittings
**Depreciation method and rate** 2% straight line 25% on reducing balance
## **Stock**
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks.
## **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.
Page 13
## **CITYCOAST TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **Pensions and other post retirement obligations**
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
## **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 14
## **CITYCOAST TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **3 Income from donations and legacies**
|**Unrestricted**
**funds**
**General**
**£**
Donations and legacies;
Donations
302,526
Gift aid reclaimed
42,153
344,679
**4 Income from charitable activities**
Café
**5 Income from other trading activities**
Property rental income
**6 Investment income**
Interest receivable and similar income;
Interest receivable on bank deposits|**Restricted**
**funds**
**£**
15,108
-
15,108
**Unrestricted**
**funds**
**General**
**£**
103,975
103,975
**Unrestricted**
**funds**
**General**
**£**
3,052|**Total**
**2025**
**£**
317,634
42,153
359,787
**Total**
**2025**
**£**
-
**Total**
**funds**
**£**
103,975
103,975
**Total**
**2025**
**£**
3,052|**Total**
**2024**
**£**
276,466
38,909|
|---|---|---|---|
||||315,375|
||||**Total**
**2024**
**£**
1,044|
||||**Total**
**2024**
**£**
114,911|
||||114,911|
||||**Total**
**2024**
**£**
690|
Page 15
## **CITYCOAST TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **7 Expenditure on charitable activities**
|**Note**
Gifts and donations
Purchases
Events
Premises incl repairs
and cleaning
Staff accommodation
Travel
Church department
costs
Bank and mortgage
interest
Bank and finance
Training and
development
Legal and professional
fees
Equipment
Postage, stationery,
telephone & office
supplies
Other items
Independent
examination
Depreciation
Staff costs
9|**Unrestricted**
**funds**
**General**
**£**
9,285
4,221
8,089
114,995
28,050
189
35,711
2,028
2,528
7,380
5,826
3,326
2,547
7,298
1,680
32,576
133,108
398,837|**Restricted**
**funds**
**£**
4,820
-
-
-
-
-
7,724
8,500
-
-
-
-
-
-
-
-
-
21,044|**Total**
**2025**
**£**
14,105
4,221
8,089
114,995
28,050
189
43,435
10,528
2,528
7,380
5,826
3,326
2,547
7,298
1,680
32,576
133,108
419,881|**Total**
**2024**
**£**
31,309
3,850
9,759
118,010
31,800
213
35,356
13,439
2,918
2,784
2,083
4,886
2,810
6,134
1,680
32,576
133,320|
|---|---|---|---|---|
|||||432,927|
Page 16
## **CITYCOAST TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **8 Trustee and related party transactions**
During the year the following Trustees and related parties received remuneration and benefits as employees for the furtherance of the charity's objects:
|**Trustees**
Jamie Harland
**Related parties**
Ruth Lewis
Ben Lewis
Victoria Harland|**Salary**
21,511
**Salary**
5,860
14,890
1,456
22,206|**Manse**
16,800
**Manse**
-
11,250
-
11,250|**Pension &**
**Health**
**insurance**
125
**Pension &**
**Health**
**insurance**
120
90
36
246|**2025**
**£**
38,436
**2025**
**£**
5,980
26,230
1,492
33,702|**2024**
**£**
38,421
**2024**
**£**
6,220
34,963
-|
|---|---|---|---|---|---|
||||||41,183|
Page 17
## **CITYCOAST TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **9 Staff costs**
The aggregate payroll costs were as follows:
|**9 Staff costs**
The aggregate payroll costs were as follows:|||
|---|---|---|
|**Staff costs during the year were:**
Wages and salaries
Social security costs
Pension costs
Other staff costs|**2025**
**£**
128,732
1,059
1,810
1,507
133,108|**2024**
**£**
129,787
615
1,536
1,382|
|||133,320|
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
|Evangelism and leadership
Administration|**2025**
**No**
6
6
12|**2024**
**No**
6
7|
|---|---|---|
|||13|
No employee received emoluments of more than £60,000 during the year.
Page 18
## **CITYCOAST TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **10 Tangible fixed assets**
|**Cost**
At 1 April 2024
At 31 March 2025
**Depreciation**
At 1 April 2024
Charge for the year
At 31 March 2025
**Net book value**
At 31 March 2025
At 31 March 2024
**11 Debtors**
Prepayments and accrued income
Tax recoverable
Other debtors|**Land and**
**buildings**
**£**
1,544,890||**Fixtures**
**and fittings**
**£**
62,061
62,061
57,026
1,678
58,704
3,357
5,035
**2025**
**£**
1,420
3,869
1,922
7,211|**Fixtures**
**and fittings**
**£**
62,061
62,061
57,026
1,678
58,704
3,357
5,035
**2025**
**£**
1,420
3,869
1,922
7,211|**Total**
**£**
1,606,951
1,606,951
366,006
32,576
398,582
1,208,369
1,240,945
**2024**
**£**
2,985
3,610
1,272|
|---|---|---|---|---|---|
||1,544,890||62,061|||
||308,980
30,898||57,026
1,678|||
||339,878||58,704|||
||1,205,012||3,357|||
||1,235,910||5,035|||
||||**2025**
**£**
1,420
3,869
1,922
7,211|||
||||||7,867|
Page 19
## **CITYCOAST TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **12 Creditors: amounts falling due within one year**
|Bank loans
Trade creditors
Other taxation and social security
Other creditors
Accruals
Deferred income|**2025**
**£**
67,037
9,418
1,607
1,315
2,219
92,212
173,808|**2024**
**£**
58,146
8,800
1,499
623
2,380
98,128|
|---|---|---|
|||169,576|
## **13 Creditors: amounts falling due after one year**
|Bank loans|**2025**
**£**
124,611|**2024**
**£**
197,486|
|---|---|---|
Included in the creditors are the following amounts due after more than five years:
|After more than five years by instalments|**2025**
**£**
-|**2024**
**£**
16,119|
|---|---|---|
The mortgage, loan and bank overdraft is secured on the freehold building in North Street, Portslade.
## **14 Pension and other schemes**
## **Defined contribution pension scheme**
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to - £1,810 (2024 £1,536).
Contributions totalling £370 (2024 - £326) were payable to the scheme at the end of the year and are included in creditors.
Page 20
## **CITYCOAST TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
|**15 Funds**
**Unrestricted funds**
**_General_**
General Funds
**_Designated_**
Fixed asset fund
Church activities
Welfare fund
**Total unrestricted funds**
**Restricted funds**
Building fund
Barista machine
Overseas missions and trips
Minibus fund
Church planting
CityCoast Care
Off the Fence
**Total funds**|**Balance at**
**1 April**
**2024**
**£**
86,765
930,669
327
1,226
932,222
1,018,987
-
-
1,410
250
3,220
4,793
-
9,673
1,028,660|**Incoming**
**resources**
**£**
451,706
-
-
-
-
451,706
8,500
1,069
240
-
1,235
3,164
900
15,108
466,814|**Resources**
**expended**
**£**
(398,837)
-
-
-
-
(398,837)
(8,500)
-
-
-
(3,920)
(7,724)
(900)
(21,044)
(419,881)|**Balance at**
**31 March**
**2025**
**£**
139,634
930,669
327
1,226|
|---|---|---|---|---|
|||||932,222|
|||||1,071,856|
|||||-
1,069
1,650
250
535
233
-|
|||||3,737|
|||||1,075,593|
Page 21
## **CITYCOAST TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## _**Designated funds:**_
The designated fixed asset fund represents an element of the tangible fixed assets of the company without which the charity could not continue to operate.
## _**Restricted funds:**_
The overseas missions and trips fund was created to provide resources to be used for overseas mission trips, especially in India and Nepal.
The Tea Time Talk fund represents amounts given specifically to support the initiative working in collaboration with Time to Talk Befriending.
The CityCoast Care fund represents amounts given to develop and oversee projects in the local community.
The Ukraine Crisis fund was an offering to hep the humanitarian crisis in Ukraine as a result of the war.
The Off the Fence fund represents amounts given by members of the congregation to specifically be donated to the local charity of the same name, whose vision is to end social and spiritual poverty in Brighton and Hove.
Page 22
## **CITYCOAST TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
|**Unrestricted funds**
**_General_**
General Funds
**_Designated_**
Fixed asset fund
Church activities
Welfare fund
**Total unrestricted funds**
**Restricted funds**
Building fund
Lifetime Wealthcourse
Israel
Overseas missions and trips
Minibus fund
Church planting
Tea Time Talk fund
CityCoast Care
Ukraine Crisis
Off the Fence
**Total funds**|**Balance at**
**1 April**
**2023**
**£**
89,357
930,669
327
1,226
932,222
1,021,579
-
-
-
1,170
250
60
200
6,308
-
-
7,988
1,029,567|**Incoming**
**resources**
**£**
421,162
-
-
-
-
421,162
803
457
1,045
240
-
3,360
-
2,545
50
2,358
10,858
432,020|**Resources**
**expended**
**£**
(423,754)
-
-
-
-
(423,754)
(803)
(457)
(1,045)
-
-
(200)
(200)
(4,060)
(50)
(2,358)
(9,173)
(432,927)|**Balance at**
**31 March**
**2024**
**£**
86,765
930,669
327
1,226|
|---|---|---|---|---|
|||||932,222|
|||||1,018,987|
|||||-
-
-
1,410
250
3,220
-
4,793
-
-|
|||||9,673|
|||||1,028,660|
Page 23
## **CITYCOAST TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **16 Analysis of net assets between funds**
|Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets|**Unrestricted funds**
**General**
**£**
**Designated**
**£**
277,700
930,669
160,353
1,553
(173,808)
-
(124,611)
-
139,634
932,222
**Unrestricted funds**
**General**
**£**
**Designated**
**£**
310,276
930,669
143,550
1,553
(169,575)
-
(197,486)
-
86,765
932,222|**Restricted**
**funds**
**£**
-
3,737
-
-
3,737
**Restricted**
**funds**
**£**
-
9,673
-
-
9,673|**Total funds**
**at 31**
**March**
**2025**
**£**
1,208,369
165,643
(173,808)
(124,611)|
|---|---|---|---|
||||1,075,593|
||||**Total funds**
**at 31**
**March**
**2024**
**£**
1,240,945
154,776
(169,575)
(197,486)|
||||1,028,660|
Page 24