**Company registration number: 07490464 Charity registration number: 1141607**
## **SHORELINE CHURCH**
## **Company Limited by Guarantee**
## **FINANCIAL STATEMENTS AND**
**TRUSTEES REPORT**
**FOR THE YEAR ENDED 31 MARCH 2024**
https://www.shorelinechurch.org.uk/
## **SHORELINE CHURCH**
## **INDEX TO THE FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2024**
||**Page**|
|---|---|
|Legal and administrative information|1|
|Trustees' annual report(incorporating the directors report)|2 - 5|
|Independent examiner's report to the trustees|6|
|Statement of financial activities(incorporating income and expenditure account)|7|
|Statement of financial position|8|
|Notes to the financial statements|9 - 13|
## **SHORELINE CHURCH**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **FOR THE YEAR ENDED 31 MARCH 2024**
|**Registered charity name:**|Shoreline Church|
|---|---|
|**Trustees:**|Mr P Cunningham|
||Mr D L A K Tuakli|
||Ms A V Woodley|
|**Company secretary:**|Ms A V Woodley|
|**Charity registration number:**|1141607|
|**Company registration number:**|07490464|
|**Charity Registered Address:**|9 Mornington Road|
||Southport|
||PR9 0TS|
|**Independent examiner:**|Daniel StylesFCA|
||Lifestyles Accountancy Limited|
||39 Kirklees Road|
||Southport|
||PR8 4RB|
|**Bankers:**|Lloyds TSB|
||23 London Street|
||Southport|
||PR9 0UX|
Page 1 of 13
## **SHORELINE CHURCH**
## **TRUSTEES' REPORT**
## **FOR THE YEAR ENDED 31 MARCH 2024**
The trustees submit their annual report and financial statements for the year ended 31 March 2024. The financial statements follow the requirements of the revised Charities Statement of Recommended Practice (FRS 102) (second edition - October 2019) – 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). For the purpose of charity law, directors are also the company’s trustees and are responsible for making all major decisions on behalf of the company and are referred to throughout this report as trustees.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The organisation is a charitable company limited by guarantee, incorporated on 12 January 2011. It is governed by its memorandum and articles of association dated 12 January 2011. In the event of the charity being wound up, the trustees are required to contribute up to £1 to the assets of the charity.
## **Recruitment and appointment of the trustees**
The board seeks to achieve a balance of skills and experience amongst the trustees. In order to maintain this, the board reviews its skill and experience mix each year and seeks to recruit new trustees as and when necessary.
Appointment is made once an application for becoming a trustee is received by the charity and the board of current trustees have interviewed the candidate and voted at the Annual General Meeting. Usually the board is unanimous in its decision but if that were not the case then a majority vote would prevail.
## **Trustee induction and training**
The current board of trustees provide any new trustee with an overview of the timetable of board meetings, copies of the recent minutes of meetings, the recent reports and financial statements and explains their general and specific responsibilities. Ongoing training is provided by the board of trustees as and when the need arises.
## **Risk management**
The charity has undertaken a review of the major risks to which it is exposed and monitors this regularly. A regular monitoring of the charity's bank account and the taking into account of any fund restrictions by the management ensures that the charity does not commit to spend more than it has available.
## **OBJECTIVES AND ACTIVITIES**
## **Objects of the charity**
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in considering future activities of the charity. The trustees are of the view that they have complied with their duty to have due regard to the relevant guidance on public benefit.
Page 2 of 13
## **SHORELINE CHURCH**
## **TRUSTEES' REPORT (continued)**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **Objects of the charity (continued)**
The objects of the charity are:
- to advance the christian faith in accordance with the statement in such ways and in such parts of the united kingdom or the world as the directors from time to time may think fit;
- to relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind including through the provision of counselling and support in such parts of the united kingdom or the world as the directors from time to time think fit; and
- to advance education in such ways and in such parts of the united kingdom or the world as the directors from time to time may think fit.
## **Church vision**
Shoreline Church is part of the wider Christian Church, one of the largest organisations in the world. Our Mission is to enrich people’s daily lives through the Good News brought by Jesus Christ, through learning together, bible training and building community. Our passion is to love and serve all. We are a Christian Church and charity located in the heart of Southport, Merseyside. We are a member of the Assemblies of God (AOG) group of churches. Shoreline Church serves the local community through providing a place of worship, pastoral care, counselling services, small groups programmes, youth projects, children’s clubs, schools work and community action. We organise fundraising to support local and national charities. We serve our global community through prayer, international partnering and overseas mission programmes. Shoreline Church uses its charitable giving to provide local church ministry and services, support national and international ministry, to help meet the needs of people from all backgrounds. Shoreline Church receives income through charitable giving, fundraising events and grants.
Our mission is to enrich people's daily lives sharing the message of Jesus Christ, discipleship and building community.
Our vision is to love all and serve all. Our core values are as follows:
- PEOPLE - People are at the heart of everything we do;
- LOVE - Love is the lifeblood of our church;
- UNITY - United because we can do greater things when we work together;
- GENEROSITY - Giving generously out of our abundance; and
- - SERVING - We serve one another, growing in respect and celebrating our uniqueness so that everyone can realise their potential.
The board of trustees meet formally at least 6 times per year.
Page 3 of 13
## **SHORELINE CHURCH**
## **TRUSTEES' REPORT (continued)**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **ACHIEVEMENTS AND PERFORMANCE**
## **Review and summary of the year**
Thought the year the charity has continued to be consistent in it’s work, management of assets and achieving the necessary income to meet it’s responsibilities. For consecutive years we have been able to arrive at the year end with a small surplus.
The building continues to generate a modest income through room hire. Outside of irregular and one off room hire, our annual residents Kids Count have flourished gaining an Ofsted rating of Outstanding; the Green Pastures Southport housing team continue the sizeable and significant work of housing local homeless and supporting related needs.
Forty two of the sixty plus Foodbank volunteers will attend this years Thank You Christmas Meal. This year they will have collected and distributed food for over four thousand people across Southport. The Foodbank leadership team continue to raise the funds required including the two day a week employment of our Advise Worker, now running into its third year. This year we have included a new one pound donation option for foodbank clients. This will generate over three thousand pounds across the year.
As a place of worship and ministry we have extended into a second Sunday Service connecting with the Indian community Southport with an expected two to three thousand increase in giving. We have also begun the process of purchasing the United Reformed church building (St George’s) as sadly their church was closing its doors and putting the building on the market. We have been able to coordinate the hire of the building to another local church that was in need of its own permanent space as a place of worship and church activities. This is both a financial and leadership challenge we are rising to. Increase in income will be around the eighteen thousand pounds for the year.
The regular giving has remained faithfully consistent and provides the stable foundation for the vibrant and community engaged work and ministry of Shoreline Church.
## **FINANCIAL REVIEW**
## **Review and summary of the year**
The results for the year and state of the company's affairs at 31 March 2024 are set out in the financial statements on pages 7 to 13 showing income of £114,701 (2023 - £75,851) and expenditure of £104,062 (2023 - £70,270).
The charity recorded a surplus of £10,639 (2023 - £5,581) for the year plus an increase in the valuation of property held of £115,000 bringing the total funds to a surplus of £562,388 (2023 - £436,749).
## **Principal funding sources**
The principal funding sources of the charity continue to be received from the very generous donors and grant funders that the charity is so very thankful to.
Page 4 of 13
## **SHORELINE CHURCH**
## **TRUSTEES' REPORT (continued)**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **Reserves policy**
The trustees review the charity's reserves policy annually. Under normal circumstances the trustees consider it appropriate to hold no less than 3 months typical expenditure which is in the region of £26,000.
In the year to 31 March 2024 the amount available in free reserves was £46,071 (2023 - £37,077). The trustees are continuing to expand on the valuable work that they undertake to help more and more in need which will continue to use the resources available to them.
## **PLANS FOR FUTURE PERIODS**
## **General plans**
The charity will continue its current programme throughout the year and aims to attract more support both financially and voluntarily enabling the charity to increase its fulfilment of its charitable objectives.
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the period and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:
- a. select suitable accounting policies and apply them consistently;
- b. make judgements and estimates that are reasonable and prudent;
- c. state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
- d. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the board of trustees on 17 December 2024 and signed on its behalf by:
……………………………… **Ms A V Woodley - trustee**
Page 5 of 13
## **SHORELINE CHURCH**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GP GIFT LIMITED**
## **FOR THE YEAR ENDED 31 MARCH 2024**
I report to the trustees on my examination of the financial statements of Shoreline Church ('the charity') for the year ended 31 March 2024, which are set out on pages 7 to 13.
## **Responsibilities and basis of report**
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the financial statements 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 charity’s financial statements as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements 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 financial statements 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.
**Daniel Styles FCA (Independent examiner)**
**Dated:** 17 December 2024
**for and on behalf of Lifestyles Accountancy Limited 39 Kirklees Road, Southport, PR8 4RB**
Page 6 of 13
## **SHORELINE CHURCH**
## **STATEMENT OF FINANCIAL ACTIVITIES (including income and expenditure account)**
## **FOR THE YEAR ENDED 31 MARCH 2024**
|**Notes**
**INCOME FROM**
Income from generated funds:
Voluntary income:
Donations and gifts:
**2 a)**
Charitable activities:
**2 b)**
**TOTAL INCOME**
**EXPENDITURE ON**
Charitable activities
**3**
Governance costs
**4**
**TOTAL EXPENDITURE**
Gain on revaluation of asset
**NET MOVEMENT IN FUNDS**
Fund balances at 1 April
Fund balances at 31 March
**NET INCOME FOR THE YEAR**|**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**funds**
**2024**
**2024**
**2024**
**£**
**£**
**£**
54,121
50,653
104,774
9,927
-
9,927
64,048
50,653
**114,701**
56,622
46,258
102,880
1,182
-
1,182
57,804
46,258
**104,062**
6,244
4,395
**10,639**
115,000
-
**115,000**
121,244
4,395
**125,639**
433,077
3,672
436,749
554,321
8,067
**562,388**|**_Total_**
**_funds_**
**_2023_**
**_£_**
_70,974_
_4,877_
_75,851_
_69,915_
_355_
_70,270_
_5,581_
_-_
_5,581_
_431,168_
_436,749_|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 9 to 13 form part of these financial statements.
Page 7 of 13
## **SHORELINE CHURCH**
## **BALANCE SHEET**
## **AS AT 31 MARCH 2024**
|**Notes**
**FIXED ASSETS**
Land and buildings
Motor vehicle
**CURRENT ASSETS**
Cash at bank and in hand
Room hire income owed
Prepayments
**CURRENT LIABILITIES**
Accruals
Other creditors
**NET CURRENT ASSETS**
**TOTAL NET ASSETS**
**FUNDS**
Restricted funds
Designated funds
Unrestricted funds
**TOTAL FUNDS**
**7 & 8**
**6**|**Total**
**funds**
**2024**
**£**
500,000
8,250
508,250
43,960
2,425
9,320
55,705
1,381
186
1,567
**54,138**
**562,388**
8,067
508,250
46,071
**562,388**|**_Total_**
**_funds_**
**_2023_**
**_£_**
_385,000_
_11,000_
_396,000_
_40,875_
_-_
_-_
_40,875_
_100_
_26_
_126_
**_40,749_**
**_436,749_**
_3,672_
_396,000_
_37,077_
**_436,749_**|
|---|---|---|
For the year ending 31 March 2024 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 company to obtain an audit of its financial n statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of n the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 17 December 2024, and are signed on behalf of the board by:
………………………………
## **Ms A V Woodley - trustee**
The notes on pages 9 to 13 form part of these financial statements.
Page 8 of 13
## **SHORELINE CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **1 ACCOUNTING POLICIES**
## **a Charity information**
Shoreline Church is a private company limited by guarantee, incorporated in England and Wales. The registered office is 9 Mornington Road, Southport, PR9 0TS.
## **b Basis of preparation**
The financial statements have been prepared in accordance with Financial Reporting Standard 102 (FRS 102) issued by the Financial Reporting Council and comply with the Statement of Recommendation Practice, “Accounting and Reporting by Charities”, effective from 1 January 2019.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **c Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **d Fund accounting**
Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds are those unrestricted funds set aside by the Trustees for specific purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost 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 where relevant.
## **e Incoming resources**
All incoming resources are included in the SOFA when the charity is legally entitled to the income and can be quantified with reasonable accuracy. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. No amounts are included in the financial statements for services donated by volunteers.
Page 9 of 13
## **SHORELINE CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **1 ACCOUNTING POLICIES (continued)**
## **f Resources expended**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of the resources.
## **g Fixed assets and depreciation**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Land and buildings 0% on cost Motor vehicle 25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in net income/(expenditure) for the year.
## **h Cash or cash equivalents**
Cash and cash equivalents include cash in hand and deposits held at call with banks.
## **i Limited by guarantee**
The charity is a company limited by guarantee. The members of the company are the trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
## **2 VOLUNTARY INCOME**
|**a)**
General donations
Gift aid tax reclaimable
Grants received
Donated goods and services
**b)**
Room hire income
Insurance recharged
**Charitable activities:**
**Donations and gifts:**|**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**funds**
**2024**
**2024**
**2024**
**£**
**£**
**£**
47,568
-
**47,568**
2,803
-
**2,803**
3,750
50,653
**54,403**
-
-
**-**
54,121
50,653
**104,774**
8,502
-
**8,502**
1,425
-
**1,425**
9,927
-
**9,927**
64,048
50,653
**114,701**|**_Total_**
**_funds_**
**_2023_**
**_£_**
_65,245_
_-_
_5,729_
_-_
_70,974_
_4,877_
_-_
_4,877_
_75,851_|
|---|---|---|
Page 10 of 13
## **SHORELINE CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **3 COSTS OF CHARITABLE ACTIVITIES**
|**a)**
Ministry expenses
Staff salaries
Foodbank purchases
Ministry gifts
**b)**
Building maintenance
Utilities
Insurance
Telephone
Fees and subscriptions
Motor expenses
Computer and software costs
Bank charges
Vehicle depreciation
Sundry costs
**Support costs:**
**Charitable activities:**|**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**funds**
**2024**
**2024**
**2024**
**£**
**£**
**£**
17,476
146
**17,622**
3,936
15,172
**19,108**
1,387
9,175
**10,562**
5,301
3,161
**8,462**
28,100
27,654
**55,754**
15,235
4,335
**19,570**
1,739
13,297
**15,036**
2,059
-
**2,059**
2,134
-
**2,134**
639
462
**1,101**
2,236
510
**2,746**
1,154
-
**1,154**
408
-
**408**
2,750
-
**2,750**
168
-
**168**
28,522
18,604
**47,126**
56,622
46,258
**102,880**|**_Total_**
**_funds_**
**_2023_**
**_£_**
_14,914_
_25,805_
_9,692_
_2,335_
_52,746_
_2,062_
_9,215_
_1,876_
_1,562_
_15_
_1,419_
_505_
_390_
_-_
_125_
_17,169_
_69,915_|
|---|---|---|
## **4 GOVERNANCE COSTS**
|Independent examination
Accountancy fees
Legal and professional fees|**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**funds**
**2024**
**2024**
**2024**
**£**
**£**
**£**
401
-
**401**
80
-
**80**
701
-
**701**
1,182
-
**1,182**|**_Total_**
**_funds_**
**_2023_**
**_£_**
_100_
_255_
_-_
_355_|
|---|---|---|
Page 11 of 13
## **SHORELINE CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **5 EMPLOYEES**
The average monthly number of paid employees during the year was:
|**2024**
**Number**
**2**
**2024**
**Total staff costs recognised in the year**
**£**
Wages and salaries
19,108
Social security costs
-
Pension costs
-
**19,108**
No employee earned in excess of £60,000 throughout the year (2023 - none).|**_2023_**
**_Number_**
_2_
**_2023_**
**_£_**
_25,805_
_-_
_-_
_25,805_|
|---|---|
## **6 TANGIBLE FIXED ASSETS**
|**Cost or valuation**
_At 1 April 2023_
Additions
Disposals
Revaluations
**At 31 March 2024**
**Depreciation**
_At 1 April 2023_
Charge for the year
On disposals
**At 31 March 2024**
**Net book value**
_At 1 April 2023_
At 31 March 2024|**£**
**£**
_385,000_
_11,000_
-
-
-
-
115,000
-
**500,000**
**11,000**
_-_
_-_
-
2,750
-
-
**-**
**2,750**
_385,000_
_11,000_
**500,000**
**8,250**
**Land &**
**Buildings**
**Motor**
**Vehicle**|**Total**
**£**
_396,000_
-
-
115,000
**511,000**
_-_
2,750
-
**2,750**
_396,000_
**396,000**|
|---|---|---|
Page 12 of 13
## **SHORELINE CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **7 ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Fixed assets
Current assets
Current liabilities
**8**
**ANALYSIS OF FUNDS**
**Unrestricted funds:**
**Designated funds:**
**Restricted funds:**
Emergency hardship fund
National Lottery Community Fund
Neighbourly Foundation
Duchy of Lancaster
Co-op
Riverside Foundation
**Total funds:**|**Unrestricted**
**Designated**
**Restricted**
**funds**
**funds**
**funds**
**£**
**£**
**£**
-
508,250
-
47,638
-
8,067
(1,567)
-
-
46,071
508,250
8,067
**_Balance at_**
**Incoming**
**Outgoing**
**_1 Apr 23_**
**Resources**
**Resources**
_37,077_
64,048
55,054
_396,000_
115,000
2,750
_3,672_
-
1,275
_-_
32,921
32,921
_-_
2,055
2,055
_-_
5,000
5,000
_-_
5,007
5,007
_-_
5,670
-
_3,672_
50,653
46,258
_436,749_
229,701
104,062|**Total**
**funds**
**£**
**508,250**
**55,705**
**(1,567)**
**562,388**
**Balance at**
**31 Mar 24**
**46,071**
**508,250**
**2,397**
**-**
**-**
**-**
**-**
**5,670**
**8,067**
**562,388**|
|---|---|---|
## **9 TRUSTEES REMUNERATION**
No trustee received any emoluments during the year.
## **10 RELATED PARTY TRANSACTIONS**
During the year an amount of £4,550 (2023 - £4,800) was paid to Simon Cunningham for administrative work. Simon is the son of Peter Cunningham, a charity trustee.
Page 13 of 13