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← Coastlands Church

2024-03-31-accounts

Registered number: 05491647 Charity number: 1111991

COASTLANDS CHURCH LTD

(A company limited by guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

COASTLANDS CHURCH LTD

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Company, its Trustees and advisers 1
Trustees' report 2 - 4
Trustees' responsibilities statement 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 21

COASTLANDS CHURCH LTD

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024

Trustees

Andrew Kear Graham Towse Vivienne Towse Trevor Baker

Company registered number

05491647

Charity registered number

1111991

Registered office

22 The Strand Goring By Sea West Sussex BN12 6DN

Accountants

Baldwin Scofield Accountancy LLP Chartered Accountants 3 Newhouse Business Centre Old Crawley Road Horsham West Sussex RH12 4RU

Page 1

COASTLANDS CHURCH LTD

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024

The Trustees present their annual report together with the financial statements of the Coastlands Church Ltd for the year 1 April 2023 to 31 March 2024. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

Policies and objectives

The Articles of Association define the objectives as being:

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.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Achievements and performance

Main achievements of the Charity

The charity started activities in May 2006.

The church meets in Worthing in West Sussex. Congregants are involved in varying degrees of Christian works within the church and the community.

The advancement of the Christian faith in accordance with the doctrines set out therein

Full programmes of mid-week and Sunday meetings include Christian worship, teaching and fellowship. Teaching engagements outside Worthing are encouraged.

The relief of persons who are in conditions of need, hardship or distress, aged or sick

The welfare fund continues to enable the church to give relief to single parents, widows and any others in circumstances of hardship, whether the need be food, clothing or funds. This facility is not confined to the church members but is open to the wider community.

The Directors are responsible for deciding the distribution of the fund. The church also donates funds to children's welfare projects overseas.

The advancement of education on the basis of Christian principles

The charity continues to develop the distribution of the resources which have been placed at its disposal. The charity continues with its training programme.

Page 2

COASTLANDS CHURCH LTD

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Financial review

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.

Reserves policy

For the year ending 31 March 2024, the Directors and Trustees set a reserves policy objective of having a level of unrestricted reserves sufficient to cover at least 3 months operational costs at any one time. This is estimated currently to be in the region of £40,000. The trustees have also decided to set aside as designated funds £100,000 for future building and other projects.

The charity currently exceeds these reserves and has a total of unrestricted reserves of £516,838 (2023: £528,931).

Results

During the year the charitable company made an unrestricted deficit of £12,093 (2023: surplus £11,107) and a restricted surplus of £587 (2023: deficit £951) which are deducted from/added to, as appropriate, the balances brought from the previous period.

Principal risks and uncertainties

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 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. As already reported, membership has increased and the directors are confident that it will continue increasing at this time.

Structure, governance and management

Constitution

Coastlands Church Ltd is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association dated 26 June 2005.

Methods of appointment or election 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.

Directors are drawn from the membership of the church. Due regard is taken of other charity experience and any specialist skills which may enhance the contribution of a candidate to the charity if selected. DBS check is mandatory.

Page 3

COASTLANDS CHURCH LTD

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Structure, governance and management (continued)

Organisational structure and decision-making policies

The charitable company is based in Worthing and works in that catchment area. The directors facilitate the work through regional house groups as well as through community based projects which include working with the homeless, the elderly, youth and children.

Policies adopted for the induction and training of Trustees

New directors are supplied with information published by the Charity Commission on the responsibilities and expectations of those appointed to charity work. Latest accounts and statutory information are provided and whatever interview time the new appointee requires with other Directors or senior managers is made available.

Financial risk management

The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Plans for future periods

As a longer-term objective, the trustees will be looking for a property to purchase as a church centre, in which to hold meetings. To this purpose the church has designated funds to cover initial costs.

Members' liability

The members of the Company guarantee to contribute an amount not exceeding £1 to the assets of the Company in the event of winding up.

Approved by order of the members of the board of Trustees on 21 February 2025 and signed on their behalf by:

Andrew Kear

Page 4

COASTLANDS CHURCH LTD

(A company limited by guarantee)

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024

The Trustees (who are also the directors of the Company 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).

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 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:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the 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 Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on 21 February 2025 and signed on its behalf by:

Andrew Kear

Page 5

COASTLANDS CHURCH LTD (A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024

Independent examiner's report to the Trustees of Coastlands Church Ltd ('the Company')

I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report

As the Trustees of the Company (and 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 the Company 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 the Company's accounts 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 the Company 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.

This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.

Signed: Dated: 21 February 2025 Nicholas M Baldwin BA(Econ) FCA DChA

Baldwin Scofield Accountancy LLP

Chartered Accountants

Page 6

COASTLANDS CHURCH LTD

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net (expenditure)/income
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2024
£
6,342
200
-
6,542
7,121
7,121
(579)
1,166
587
541
587
1,128		 Unrestricted
funds
2024
£
119,090
2,698
8,670
130,458
141,385
141,385
(10,927)
(1,166)
(12,093)
528,931
(12,093)
516,838		 Total
funds
2024
£
125,432
2,898
8,670
137,000
148,506
148,506
(11,506)
-
(11,506)
529,472
(11,506)
517,966		 Total
funds
2023
£
127,816
357
3,008
131,181
121,025
121,025
10,156
-
10,156
519,316
10,156
529,472

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 9 to 21 form part of these financial statements.

Page 7

COASTLANDS CHURCH LTD (A company limited by guarantee) REGISTERED NUMBER: 05491647

BALANCE SHEET AS AT 31 MARCH 2024

Note
Fixed assets
Tangible assets
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within one
year
14
Net current assets
Total net assets
Charity funds
Restricted funds
16
Unrestricted funds
16
Total funds		 9,005
512,072
521,077
(5,743)		 2024
£
2,632
515,334
517,966
1,128
516,838
517,966		 17,040
512,065
529,105
(2,142)		 2023
£
2,509
526,963
529,472
541
528,931
529,472

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 21 February 2025 and signed on their behalf by:

Andrew Kear

The notes on pages 9 to 21 form part of these financial statements.

Page 8

COASTLANDS CHURCH LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. General information

Coastlands Church Ltd is a company limited by guarantee incorporated in England & Wales with a company number, 05491647.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Coastlands Church Ltd 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.

2.2 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

2.4 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

Page 9

COASTLANDS CHURCH LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies (continued)

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment - 25%

2.6 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.

2.7 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.8 Liabilities and provisions

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.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.9 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 10

COASTLANDS CHURCH LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies (continued)

2.10 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

Donations
Donations		 Restricted
funds
2024
Unrestricted
funds
2024
£
£
6,342
119,090
Restricted
funds
2023
Unrestricted
funds
2023
£
£
13,139
114,677		 Total
funds
2024
£
125,432
Total
funds
2023
£
127,816

4. Income from charitable activities

Restricted Unrestricted Total
funds funds funds
2024 2024 2024
£ £ £
Income from charitable activities - Other income 200 2,698 2,898

Page 11

COASTLANDS CHURCH LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

4. Income from charitable activities (continued)

Unrestricted
funds
2023
£
Income from charitable activities - Other income
357
5.
Investment income
Unrestricted
funds
2024
£
Investment income - bank interest
8,670
Unrestricted
funds
2023
£
Investment income - bank interest
3,008
6.
Analysis of grants
Grants
made
2024
£
Grants, gifts and donations
28,769
Grants made
2023
£
Grants, gifts and donations
41,717		 Total
funds
2023
£
357
Total
funds
2024
£
8,670
Total
funds
2023
£
3,008
Total
funds
2024
£
28,769
Total
funds
2023
£
41,717

Page 12

COASTLANDS CHURCH LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

7. Analysis of expenditure on charitable activities

Summary by fund type

Direct costs of charitable activities
Direct costs of charitable activities		 Restricted
funds
2024
Unrestricted
funds
2024
£
£
7,121
141,385
Restricted
funds
2023
Unrestricted
funds
2023
£
£
14,090
106,935		 Total
2024
£
148,506
Total
2023
£
121,025

8. Analysis of expenditure by activities

Direct costs of charitable activities
Direct costs of charitable activities		 Activities
undertaken
directly
2024
£
119,737
Activities
undertaken
directly
2023
£
79,308		 Grant
funding of
activities
2024
£
28,769
Grant
funding of
activities
2023
£
41,717		 Total
funds
2024
£
148,506
Total
funds
2023
£
121,025

Page 13

COASTLANDS CHURCH LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

8. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Depreciation
Events
Premises costs
Staff accommodation
Travel
Evangelism and outreach costs
Covenant seed
Administration costs
Media
Equipment
Insurance
Purchases - books
Legal and professional
Training
Bank charges
Bookkeeping costs
Governance costs - independent examination
9.
Independent examiner's remuneration
Fees payable to the Company's independent examiner for the independent
examination of the Company's annual accounts		 Total
funds
2024
£
32,078
1,127
5,797
23,013
13,863
3,957
7,699
8,831
7,393
869
4,300
1,267
339
3,182
543
912
4,027
540
119,737
2024
£
540		 Total
funds
2023
£
28,672
837
1,070
6,453
10,775
7,040
6,448
-
9,338
3,775
1,018
759
825
667
-
1,091
-
540
79,308
2023
£
540

Page 14

COASTLANDS CHURCH LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

10. Staff costs

Wages and salaries
Social security costs		 2024
£
30,842
1,236
32,078		 2023
£
28,150
522
28,672

The average number of persons employed by the Company during the year was as follows:

2024 2023
No. No.
Church activities 3 2

No employee received remuneration amounting to more than £60,000 in either year.

Mr A Kear, a Trustee, and his wife are employed by the charity as pastors of the church. Their gross income was £19,662 (2023: £18,550). The church also paid rent of £13,863 (2023: £10,775) for their living accommodation.

11. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .

During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL) .

12. Tangible fixed assets

Cost or valuation
At 1 April 2023
Additions
Disposals
At 31 March 2024		 Office
equipment
£
8,704
1,000
(4,766)
4,938

Page 15

COASTLANDS CHURCH LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

12. Tangible fixed assets (continued)

Depreciation
At 1 April 2023
Charge for the year
On disposals
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
13.
Debtors
Due within one year
Tax recoverable
14.
Creditors: Amounts falling due within one year
Other taxation and social security
Other creditors
Accruals and deferred income		 2024
£
9,005
9,005
2024
£
1,410
848
3,485
5,743		 Office
equipment
£
6,195
877
(4,766)
2,306
2,632
2,509
2023
£
17,040
17,040
2023
£
1,182
-
960
2,142

Page 16

COASTLANDS CHURCH LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

15. Financial instruments

2024 2023
£ £
Financial assets
Financial assets measured at fair value through income and expenditure 512,072 512,065

Financial assets measured at fair value through income and expenditure comprise deposits and balances at banks.

Page 17

COASTLANDS CHURCH LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

16. Statement of funds

Statement of funds - current year

Unrestricted funds
Designated funds
Reserve fund
Building fund
Mission fund
General funds
General fund
Total Unrestricted funds
Restricted funds
Speakers fund
Jerusalem fund
Total of funds		 Balance at 1
April 2023
£
50,000
40,000
10,000
100,000
428,931
528,931
116
425
541
529,472		 Income
£
-
-
-
-
130,458
130,458
5,339
1,203
6,542
137,000		 Expenditure
£
-
-
-
-
(141,385)
(141,385)
(6,621)
(500)
(7,121)
(148,506)		 Transfers
in/out
£
-
-
-
-
(1,166)
(1,166)
1,166
-
1,166
-		 Balance at
31 March
2024
£
50,000
40,000
10,000
100,000
416,838
516,838
-
1,128
1,128
517,966

Page 18

COASTLANDS CHURCH LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

16. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Reserve fund
Building fund
Mission fund
General funds
General fund
Total Unrestricted funds
Restricted funds
Speakers fund
Jerusalem fund
Total of funds		 Balance at
1 April 2022
£
50,000
40,000
10,000
100,000
417,824
517,824
-
1,492
1,492
519,316		 Income
£
-
-
-
-
118,042
118,042
12,264
875
13,139
131,181		 Expenditure
£
-
-
-
-
(106,935)
(106,935)
(12,148)
(1,942)
(14,090)
(121,025)		 Balance at
31 March
2023
£
50,000
40,000
10,000
100,000
428,931
528,931
116
425
541
529,472

Page 19

COASTLANDS CHURCH LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

17. Summary of funds

Summary of funds - current year

Designated funds
General funds
Restricted funds		 Balance at 1
April 2023
£
100,000
428,931
541
529,472		 Income
£
-
130,458
6,542
137,000
Balance at
1 April 2022
£
100,000
417,824
1,492
519,316		 Expenditure
£
-
(141,385)
(7,121)
(148,506)
Income
£
-
118,042
13,139
131,181		 Transfers
in/out
£
-
(1,166)
1,166
-
Expenditure
£
-
(106,935)
(14,090)
(121,025)		 Balance at
31 March
2024
£
100,000
416,838
1,128
517,966
Balance at
31 March
2023
£
100,000
428,931
541
Summary of funds - prior year
Designated funds
General funds
Restricted funds
529,472

18. Analysis of net assets between funds

Analysis of net assets between funds - current period

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2024
Unrestricted
funds
2024
£
£
-
2,632
1,128
519,949
-
(5,743)
1,128
516,838		 Total
funds
2024
£
2,632
521,077
(5,743
517,966

Page 20

COASTLANDS CHURCH LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

18. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior period

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2023
£
-
541
-
541		 Unrestricted
funds
2023
£
2,509
528,564
(2,142)
528,931		 Total
funds
2023
£
2,509
529,105
(2,142)
529,472

Page 21