**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:
- 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.
- The advancement of education on the basis of Christian principles.
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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
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