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2025-03-31-accounts

Coastlands CIO

Report and Accounts Year ended 31/03/2025

157 Parc Bryn Derwen, Llanharan, Pontyclun CF72 9TZ www.connectsupply.co.uk

COASTLANDS CIO

CHARITY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

Trustees S Lloyd-Selby G Taylor (resigned on 1st May 2026) P Morgan J Lane Key Staff R Morgan - Foodbank Manager - full time employed A Taylor - Foodbank Operations - part-time employed M Holmes - Senior Leadership Team Governing Document Constitution of a Charitable Incorporated Organisation dated 6 January 2021 Charity Registration Number 1193005 Registered Office Coastlands Tennyson Road Barry Vale of Glamorgam CF62 9TN Independent Examiner Sarah Crispin ACA Stewardship 1 Lamb's Passage London EC1Y 8AB Bankers HSBC 56 Queen St, Cardiff, CF10 2PX Lloyds 140b Holton Rd, Barry CF Natwest 117 Holton Rd, Barry, CF63 4TD CAF 25 Kings Hill Avenue, West Malling, ME19 4JQ Contents Page Charity Information 1 Trustees' Annual Report 2-8 Independent Examiner's Report 9 Statement of Financial Activities 10 Balance Sheet 11 Cashflow Statement 12 Notes to the Accounts 13-22 Detailed Statement of Financial Activities with Comparatives 23

Page 1

COASTLANDS

Charity registration number: 1193005

Trustees’ Annual Report for the period 1[st] April 2024 to 31[st] March 2025

Objectives and Activities / Public Benefit

The purposes of the charity as set out in its governing document:

Coastlands is a vibrant New Wine Cymru Church, based in Barry. Our strategy in relation to our objectives is to ensure that all our activity is in line with our vision:

Strategies for achieving our objectives

Object: To advance the Christian faith in the Vale of Glamorgan and other parts of the UK or world. In 2024-25 we have achieved this through a range of activities, including:

Page 2

In relation to the advancement of the Christian faith, we are encouraged by the increased number of people who attend church services and events on a regular basis as well as the number of people who have sought to grow in their faith through attending discipleship courses and connect groups.

Object: To relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve distress caused thereby.

To fulfil this objective, we carried out a number of activities in 2024-25, including:

Baby Basics provides Moses basket starter packs to new mums experiencing financial hardship. In 2024 our Coordinator retired and in August 2024 we were pleased to transfer all residual stock and finance to Elim New Life church in Barry who continue to deliver support across the Vale of Glamorgan.

Vale Foodbank

Page 3

Discussion workshops: The question was 'How has getting connected with us at the foodbank impacted you?' Participants told us:

"It's a safe space".

"I feel connected and heard".

"It's building my confidence".

"It's a community".

"It uplifts me".

Sewing group:

"The group has helped me learn a new skill and through that I have helped food bank and the homeless. This has helped with my confidence to do something new".

Cooking group:

"Learning new recipes and making new friends who I have been able to lean on and confide in".

"Being able to talk to each other and go through some life experiences".

"It's given me the chance to meet new people and try new foods".

In relation to the alleviation of poverty, we measure success by the number of people who attend our foodbank, the amount of income that is achieved through the receipt of advice and support and the number of people who no longer need to rely on foodbank support as a consequence.

Employees and volunteers

Most of Coastlands’ activities are led by and undertaken by teams of volunteers e.g. the foodbank has over 100 volunteers across its centres and warehouse. All volunteers working with children or vulnerable adults are checked though the DBS where required before they start volunteering activities.

Coastlands employ:

Page 4

All posts are employed on a part-time basis apart from the church pastor which is a full-time position

Safeguarding

A male church member who is an experienced social worker acts as the safeguarding lead, providing oversight of safeguarding for children and vulnerable adults. A female member of the Church leadership teams acts as Deputy Safeguarding Officer to support him in this role. The charity trustees are aware of and have complied with their duty to have due regard to the guidance on public benefit published by the Commission in exercising their powers and duties in planning the activities undertaken in the year.

Plans for future periods

Future plans for the foodbank include developing a fundraising strategy to ensure financial stability and securing new warehouse premises to ensure sustainability as we will be required to vacate current premises in September 2026.

Future plans for the church ministry include increasing the number of people in the core leadership team and a development programme for ministry leaders. We are also exploring the possibility of removing the restrictive covenant which applies to one of our church buildings (Bethany) so that we have more flexibility over the use of the site to support church vision. We are currently in discussion with the Vale of Glamorgan Council regarding this as they hold the covenant.

In addition, we are actively seeking to strengthen the Trustee Board by recruiting additional Trustees and will initially seek to co-opt individuals with the skills and experience required to support the ongoing work of the Board.

Structure, Governance and Management

Governing document

Coastlands is a CIO (Foundation Model). It was registered on 6[th] January 2021.

Trustees

Coastlands is governed by a Board of Trustees that is accountable to the Church Leadership Team. Trustees are appointed by resolution at a properly convened meeting of the Board. They are identified by the church leadership team and must be sympathetic to the Christian Beliefs expressed in the Statement of Beliefs. Trustees serve for a 3-year tenure and may be re-appointed at that time. There must be at least three charity trustees.

New Trustees work through the Code of Conduct and ‘Role of Trustee pack which include links to all key information about roles and responsibilities. Trustees access ad hoc training to meet identified needs as they emerge.

Page 5

A register of potential conflicts of interest is maintained. A risk register is in place and all agreed actions are logged to ensure progress is reviewed.

Graham Mark Taylor’s tenure as a Trustee ended on 1[st] May 2026

Management arrangements

The Charity has a number of Ministry and Team leaders who are accountable through leaders to the Trustees.

The church structure is made up of a minister (pastor) with a closely supporting core team of leaders. The core team look after the running of various church facilities, including the various departments within the church. The structure and activities change from time to time to ensure relevance to the needs of the church and the local community.

The Church Leadership Team (consisting of 2 paid employees and 1 volunteer) are responsible for setting vision and mission for the charity. They take day-to-day responsibility for key strategic and operational decisions, seeking advice and support from the Trustees to inform decision making. Decisions relating to finance, compliance, asset management and HR matters are delegated to Trustees. Safeguarding decisions are delegated to the Safeguarding Lead. Day to day operational decisions for the foodbank are delegated to the Strategic Foodbank Manager. Decisions relating to individual item spend above £200 are reserved to Trustees.

Trustees have established baseline salary for the church leaders based on similar sized churches. Cost-of-living increases are considered on an annual basis. Salaries for foodbank managers are benchmarked against similar roles in the national Trussel network of foodbanks

An external financial management company (Connect Supply) is retained to manage the dayto-day running of our finances.

External connections

Coastlands has close links with other charitable and church-based organisations including New Wine Cymru and mission Link Wales. The foodbank, works with almost 100 external agencies who act as referral partners.

Coastlands is part of the Trussell network of foodbanks and complies with the operating model set out in the applicable franchise agreement. We are subject to regular governance checks to ensure compliance with all applicable charity legislative requirements.

Page 6

Governance and Management Structure

Financial Review

The Church runs separate bank accounts for its main work and the Foodbank.

The total income for Coastlands CIO £571,150 (2024 £524,980), The total expenditure for Coastlands CIO £446,511 (2024 £515,045). Funds in the Church main account include donations which have been given by members to assist in the development of the buildings on the current site. Funds in the other accounts are to allow the development of activities under those headings. The Church does not set an upper limit to any of these reserves, maintaining a prudent level of reserve for unexpected expenditure and looking to use any additional funds to enhance the activities it undertakes.

Restricted reserves are currently only held on restricted income for purposes in line with such restriction. Most of our revenue comes from the members of the church who give regularly, many of them taking advantage of HMRC’s “Gift Aid” scheme.

The foodbank has received a significant amount of time-limited grant funding which ended by the end of the financial year. It has successfully achieved additional new one-off grant funding but this has not been sufficient to meet the funding shortfall. Unless additional funding can be secured, the foodbank will face a projected financial deficit in 2026-27

Key Risks and Uncertainties

The principal risk for Coastlands is the projected financial risk for the foodbank. A fundraising strategy has been developed, which includes a mapping exercise of potential sources of Trust and grant funding. A review of organisational structure will also be undertaken.

Page 7

The foodbank has been given notice to quit its warehouse premises which have been occupied at peppercorn rate under a ‘tenancy at will’ arrangement. New premises have been identified which will meet need but incur an additional cost of £36,000 over a 3-year lease period. Trustees will ringfence this within available resources.

The condition of the main church building is a significant risk. A maintenance team has been developed and a proactive and planned schedule of works is in place.

Trustees are seeking grant funding to replace the boiler which is no longer fit-for-purpose and an asbestos survey has been completed.

Coastlands owns nearby premises – Bethany church building- which is subject to a restricted covenant, held by the Local Authority. The building is in poor condition, with estimated remedial costs of £550-600,000. Trustees have approached the Local Authority to lift the restricted covenant to enable the land to be developed in line with the charity’s vision and mission.

Responsibilities of trustees under charity law

The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

  5. 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 proper accounting records that 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 and the Charity (Accounts and Reports) Regulations 2008. 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.

Declarations: The trustees declare that they have approved the trustees’ report above on

Aug 10, 2026

Page 8

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

COASTLANDS CIO

('the Charity')

I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 March 2025 on pages 10 to 23 following, which have been prepared on the basis of the accounting policies set out on pages 13 to 14.

Responsibilities and basis of report

As the charity’s trustees of the Charitable Incorporated Organisation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the Charity’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 Institute of Chartered Accountants in England and Wales, 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 the Charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Sarah Crispin

Sarah Crispin (Aug 10, 2026 11:40:16 GMT+1)

Sarah Crispin ACA Institute of Chartered Accountants in England and Wales Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: Aug 10, 2026

Page 9

COASTLANDS CIO

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations
3
Charitable activities
4
Other trading activities
5
Investments
6
Other income
7
Total income and endowments
EXPENDITURE ON:
Charitable activities
8
Total expenditure
Net income/(expenditure)
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
16		 Unrestricted
Funds
£
74,846
-
9,800
155
136
84,937
146,109
146,109
(61,173)
16,691
(44,482)
153,120
108,638		 Restricted
Funds
£
483,393
2,820
-
-
-
486,213
340,402
340,402
145,811
(16,691)
129,120
169,045
298,165		 Total
Total
Funds
Funds
2025
2024
£
£
558,239
255,008
2,820
252,409
9,800
12,257
155
329
136
4,977
571,150
524,980
486,511
515,045
486,511
515,045
84,638
9,935
-
-
84,638
9,935
322,165
312,230
406,803
322,165

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

All income and expenditure derive from continuing operations.

The notes on page 13-22 form part of these accounts.

Page 10

COASTLANDS CIO

BALANCE SHEET

AS AT 31 March 2025

Note
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Stock
11
Debtors
12
Cash at bank and in hand
13
CREDITORS: Amounts falling
due within one year
14
Net current assets / (liabilities)
Total assets less current liabilities
Net assets / (liabilities) excluding
pension asset / (liability)
TOTAL NET ASSETS
FUND BALANCES
16
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds

£
70,559
70,559
-
14,114
26,953
41,068
(2,989)
38,079
108,638
108,638
108,638
106,320
2,318
108,638
-
108,638		 Restricted
Funds
£
-
-
37,229
4,740
269,560
311,529
(13,364)
298,165
298,165
298,165
298,165
-
-
-
298,165
298,165		 Total
Funds
2025
£
70,559
70,559
37,229
18,855
296,513
352,597
(16,353)
336,244
406,803
406,803
406,803
106,320
2,318
108,638
298,165
406,803		 Total
Funds
2024
£
91,238
91,238
21,380
15,541
201,897
238,818
(7,891)
230,927
322,165
322,165
322,165
63,247
89,873
153,120
169,045
322,165

The financial statements were approved by the Board of Trustees and were signed on its behalf by:

Alex Lane Alex Lane (Aug 6, 2026 09:53:58 GMT+1) John Alexander Lane

Aug 6, 2026 Date: _______

Charity number: 1193005

The notes on page 13-22 form part of these accounts.

Page 11

COASTLANDS CIO

FOR THE YEAR ENDED 31 MARCH 2025

CASH FLOW STATEMENT

Note
2025
£
Cash flows from operating activities:
Net cash provided by/(used in) operating activities
a
117,157
Cash flows from investing activities:
Dividends, interest and rents from investments
155
Purchase of property, plant and equipment
(22,696)
Net cash provided by/(used in) investing activities
(22,541)
94,616
b
201,897
b
296,513
Analysis of changes in net debt:
At start of
year
Cash-flows
£
£
Cash
201,897
94,616
Total net funds / (debt)
201,897
94,616
Note a: Reconciliation of net income/(expenditure) to net cash flow from operating activities
2025
£
84,638
Adjustments for:
Depreciation charges and provisions for impairment
3,375
(Gains)/losses on investments
-
Dividends, interest and rents from investments
(155)
Impairment of fixed assets
40,000
(Increase)/decrease in stocks
(15,850)
(Increase)/decrease in debtors
(3,314)
Increase/(decrease) in creditors
8,462
Net cash provided by (used in) operating activities
117,157
Note b: Analysis of cash and cash equivalents
2025
£
Cash at bank with immediate access
296,513
Total cash and cash equivalents
296,513
Net income/(expenditure) for the reporting period (as per the statement of financial
activities)
COASTLANDS CIO
FOR THE YEAR ENDED 31 MARCH 2025
NOTES TO THE CASH FLOW STATEMENT
Cash and equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Change in cash and equivalents in the reporting period		 2024
£
(28,103)
329
-
329
(27,774)
229,671
201,897
At end of
year
£
296,513
296,513
2024
£
9,935
-
-
(329)
-
(21,380)
(12,329)
(4,000)
(28,103)
2024
£
201,897
201,897

Page 12

COASTLANDS CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

1 Statutory Information

The charity is a charitable incorporated organisation registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention as modified by the revaluation of certain assets, which are measured at fair value through the Statement of Financial Activities.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

All amounts are presented in £ and rounded to the nearest whole pound. Totals may not sum due to rounding.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b) Income

Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations includes:

The charity relies on volunteers to carry out many of its activities, particularly Foodbank. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats, ministries with specific donations and other events and

Income from other trading activities represents income receivable from activities undertaken to generate funds for the charity. It includes income from the rental of a church property.

Investment income represents income generated by the charity's assets and includes income from bank interest.

Other income comprises gains arising from the disposal of stock.

Page 13

COASTLANDS CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The cost of raising funds is not significant and has not been separately disclosed.

The charity's overheads, being costs that have not been incurred directly on a charitable activity, have been disclosed separately in the notes under the heading 'Support Costs'. These costs have been allocated to the charity's various activities using an appropriate basis such as the relative use of space and / or personnel.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) 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 charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Freehold buildings Are not depreciated due to low carrying value, but are subject to revaluatio Renovation Works Over the expected useful life (5-10 Years) Vehicles Over the expected useful life or lease term. Fixtures & Fittings Over 3 to 7 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Stocks Stocks of donated items held for distribution to beneficiaries are measured at fair value; stocks of goods donated for the charity's own use are valued at an estimate of their value to the charity.

g) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

h) Taxation

i) Financial instruments

Page 14

COASTLANDS CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

Donations
Donations of cash or similar
Donations in kind (note 3a)
Other Grants Receivable
Gift Aid Recoverable
Donations in kind comprise:
Goods donated for:
Distribution to beneficiaries
Donated facilities		 Coastlands
Church
63,640
-
31,269
11,479
106,388		 Foodbank
53,677
169,832
226,960
1,382
451,851		 2025
£
117,316
169,832
258,229
12,861
558,239
2025
£
167,732
167,732
2,100
169,832		 2024
£
64,946
176,307
2,690
11,065
255,008
2024
£
176,307
176,307
-
176,307

a Donations in kind comprise:

Donated goods comprise the food and sundries donated to the Food Bank for distribution to service users. Donated facilities comprise a vehicle that has been made available on a zero cost 1 year lease for Food Bank activities.

4 Income from charitable activities

Income from charitable activities
Azad
Baby Basics
Foodbank
ReStore Project
Stackpole (Church Retreat)		 2025
£
-
-
-
-
2,820
2,820		 2024
£
60
2,803
188,558
60,988
-
252,409

Baby Basics is a project run by Coastlands Church and the income via donations are now shown as part of Donations received by the church in Note 3.

Foodbank income is now being shown in Note 3 as a separate activity as required by SORP FRS 102 for larger charities. Azad and ReStore closed before 31st March 2024

5 Income from other trading activities

Income from other trading activities
Rent of House 2025
£
9,800
9,800		 2024
£
12,257
12,257

Rental income relates to a property owned by the charity and let on terms intended to reflect market value. In determining the rent, consideration is given to the particular nature and location of the property, including its proximity and relationship to the church, which may influence its market value.

Investment income
Bank interest 2025
£
155
155		 2024
£
329
329

7 Other income

Miscellaneous
Coastlands Family Church Transfer		 2025
£
136
-
136		 2024
£
1,494
3,483
4,977

Page 15

COASTLANDS CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

8 Analysis of expenditure

Analysis of expenditure
Incurred directly on activities
Employment costs (note 9)
Premises costs
Church Ministries
Outreach Ministries
Foodbank running costs
Donations in kind distributed
Grants Payable (note 8a)
Support costs
Depreciation
Impairment of Fixed Assets
Insurance & Finance
Office running costs
Governance		 Coastlands
56,801
17,232
12,167
5,323
-
-
1,280
3,375
40,000
5,017
11,460
2,640
155,295		 Foodbank
98,892
5,006
-
-
73,809
151,883
-
-
1,041
584
-
331,216		 Total
Charitable
Expenditure
2025
155,693
22,239
12,167
5,323
73,809
151,883
1,280
3,375
40,000
6,058
12,044
2,640
486,511
Incurred directly on activities
Employment costs (note 9)
Premises costs
Church Ministries
Outreach Ministries
Foodbank running costs
Donations in kind distributed
Grants Payable (note 8a)
Support costs
Depreciation
Insurance & Finance
Office running costs
Miscellaneous
Governance		 Coastlands
53,650
22,125
8,113
55,808
-
-
2,941
-
10,516
1,733
9,367
202
164,455		 Foodbank
84,374
1,200
-
-
71,636
179,152
-
-
1,581
6,526
6,121
-
350,590		 Total
Charitable
Expenditure
2024
138,024
23,325
8,113
55,808
71,636
179,152
2,941
-
12,097
8,259
15,488
202
515,045

The fee payable to the independent examiner for examining the accounts was £2640 (2024: £202).

Page 16

COASTLANDS CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

8a Grants payable

Grants payable
Institutions
£
Grants for UK mission
1,280
1,280
The comparatives for the previous year are as follows:
Institutions
£
Grants for UK mission
-
-
The charity's principal grants to institutions comprised:
Elim Church
Grants to institutions for less than £1,000 each
Gross wages and salaries
Social security
Pension costs
Other employment benefits
Analysis of staff costs, the cost of key management personnel and trustee remuneration		 Individuals
£
-
-
Individuals
£
-
-
2025
£
1,000
280
1,280
2025
£
148,408
5,253
2,033
155,693		 2025
£
1,280
1,280
2024
£
-
-
2024
£
-
-
2024
£
154,489
5,412
2,071
161,972

The average monthly number of employees during the year was 9 (2024: 5.76). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the trustees and the key staff named on the Charity Information page. Total employment benefits payable to key management for the year were as follows:

Other
Employer
Wages &
Employer
employment
pension
salaries
NIC
benefits
contributions
Trustees:
Philip Morgan
36,182
3,738
-
898
Key management connected to trustees:
R Morgan (spouse of P Morgan)
32,530
3,234
-
-
A Taylor (spouse of G Taylor)
13,232
786
-
241		 2025
£
40,818
35,763
14,259
90,840

The following amounts were payable in the previous year:

following amounts were payable in the previous year:
Other
Employer
Wages &
Employer
employment
pension
salaries
NIC
benefits
contributions
Trustees:
Philip Morgan
33,715
3,397
-
824
Key management connected to trustees:
R Morgan (spouse of P Morgan)
30,312
2,928
-
-
A Taylor (spouse of G Taylor)
14,873
821
-
235		 2024
£
37,936
33,240
15,929
87,105

Philip Morgan served as a church leader and received the above payments for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document.

Page 17

COASTLANDS CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

10 Tangible fixed assets

Cost or valuation
At 1 April 2024
At 1 April 2024 Restated
Additions
At 31 March 2025
Accumulated depreciation
At 1 April 2024
Charge for the year (depreciation)
Impairment charge
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024 Restated		 Renovation
Works
£
-
-
21,247
21,247
-
-
-
21,247
-		 Fixture &
Fittings
£
-
-
1,450
1,450
-
-
-
1,450
-		 Freehold
Property
£
-
85,000
-
85,000
-
40,000
40,000
45,000
45,000		 Vehicles
£
21,588
-
-
21,588
15,350
3,375
18,725
2,863
6,238		 Total
2025
£
21,588
85,000
22,696
129,284
15,350
3,375
40,000
58,725
70,559
91,238

The freehold properties were valued at £45,000 on 13 January 2023 (Coastlands Church, CF62 9TN) and £40,000 on 16 December 2022 (Bethany Evangelical Church, CF62 9TN), as stated on the Land Registry documents when the properties were transferred to Coastlands CIO. The trustees understand that these values represented the open market value of the properties assuming vacant possession and after taking account of the restrictive covenant on the use of the properties.

During the current financial year, the trustees carried out a review of the carrying value of the charity’s freehold properties. Following this review, the property known as Bethany Evangelical Church, CF62 9TN, was determined to be impaired due to its significant state of disrepair, such that it is not currently capable of being used by the charity in furtherance of its charitable purposes. As a result, an impairment loss of £40,000 has been recognised in the Statement of Financial Activities, reducing the carrying value of this property to nil.

The trustees consider that the carrying value of the remaining freehold property continues to be appropriate and are not aware of any other material changes in value since the dates of the original valuations.

11 Stock

Stock
Donated goods
For distribution to beneficiaries		 2025
£
37,229
37,229		 2024
£
21,380
21,380

Stock value for 2024 has been restated as it was not included in the previous years accounts.

12 Debtors

Falling due within one year:
Trade debtors
Gift aid recoverable
Other debtors
Prepayments and accrued income
Total debtors
13
Cash at Bank and in Hand
Cash at bank with immediate access		 2025
£
12,368
940
5,548
18,855
2025
£
296,513
296,513		 2024
£
14,134
-
1,407
15,541
2024
£
201,897
201,897

Page 18

COASTLANDS CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

14 Creditors: liabilities falling due within one year

itors: liabilities falling due within one year
Trade creditors
Taxation and social security
Other creditors
Accruals
Accrued Income		 2025
£
12,295
574
1,144
2,340
16,353		 2024
£
-
3,866
-
3,325
700
7,891

15 Pension commitments

During the year employer’s pension contributions totalling £2033 (2024: £2071) were payable to defined contribution personal pension schemes.

16 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Restore (Designated)
Toybox
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Big Wrap
Food Bank
Food Bank (Stock)
Baby Basics
Buildings & Facilities
Connect Community Garden
Texas Mission
Stackpole Retreat
Aggregate of funds		 Opening
balance
2025
£
89,873
-
89,873
63,247
153,120
3,846
145,330
21,380
(2,079)
568
-
-
-
169,045
322,165		 Incoming
resources
2025
£
-
1,619
1,619
83,318
84,937
-
283,684
167,732
300
25,200
4,935
1,522
2,840
486,213
571,150		 Outgoing
resources
2025
£
-
-
-
(146,109)
(146,109)
-
(179,333)
(151,883)
(3,574)
(568)
(30)
(1,649)
(3,365)
(340,402)
(486,511)		 Transfers
Gains and
in the year
losses
2025
2025
£
£
(89,873) a
-
699 f
-
(89,174)
-
105,865
-
16,691
-
-

b
-
(1,450) c
-
-

-
5,353 d
-
(21,247) e
-
-
-
127 g
-
526 h
-
(16,691)
-
-
-		 Closing
balance
2025
£
-
2,318
2,318
106,320
108,638
3,846
248,231
37,229
-
3,953
4,905
-
-
298,165
406,803

The transfers referred to above were made for the following reasons:

a) The Restore Designated Fund was closed and the balance transferred back to General Unrestricted Funds b) Remaining Money from Big Wrap project was given permission by the donor to be used for ToyBox Project. c) Transfer of funds to cover cost of capitalised expenditure held in General Funds.

d) The Baby Basics Projected was passed onto another Charity (Elim Church) to continue the work. Funds were required from the General Unrestricted Funds to zero the Baby Basics Fund balance at year end.

e) Transfer of funds to cover cost of capitalised expenditure held in General Funds. f) A transfer was made of £699 from unrestricted funds to ToyBox. g) To zeroise the Fund Balance at year end, and realise the actual cost for an annual event. h) To zeroise the Fund Balance at year end, and realise the actual cost for an annual event.

Page 19

COASTLANDS CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

16 Funds (cont.)

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Unrestricted Funds Unrestricted Funds
General Designated Restricted
funds funds funds 2025
£ £ £ £
Tangible fixed assets 70,559 70,559
Stock - 37,229 37,229
Debtors 14,114 4,740 18,855
Investments held as current assets - -
Cash at bank and in hand 24,635 2,318 269,560 296,513
Creditors falling due within one year (2,989) (13,364) (16,353)
106,320 2,318 298,165 406,803

In the previous year the movements in the charity's funds were as follows:

Designated Funds
Restore
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Azad
Big Wrap
Food Bank
Food Bank (Stock)
Baby Basics
Buildings & Facilities
Aggregate of funds		 Opening
balance
2024
£
72,506
72,506
81,553
154,059
5
5,022
128,210
24,225
709
158,171
312,230		 Incoming
resources
2024
£
60,988
60,988
94,858
155,846
60
188,558
176,307
2,803
1,406
369,134
524,980		 Outgoing
resources
2024
£
(48,621)
(48,621)
(108,164)
(156,785)
(65)
(1,176)
(171,438)
(179,152)
(5,591)
(838)
(358,260)
(515,045)		 Transfers
in the year
2024
£
5,000
5,000
(5,000)
-
-
-		 Gains and
losses
2024
£
-
-
-
-		 Closing
balance
2024
£
89,873
89,873
63,247
153,120
-
3,846
145,330
21,380
(2,079)
568
169,045
322,165

Page 20

COASTLANDS CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

16 Funds (cont.)

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Tangible fixed assets
Stock
Debtors
Investments held as current assets
Cash at bank and in hand
Creditors falling due within one year
Creditors falling due after one year
Provisions for liabilities
Defined benefit pension schemes liabilities		 General
Designated
funds
funds
£
£
91,238
-
15,541
-
(35,641)
89,873
(7,891)
-
-
-
63,247
89,873
Unrestricted Funds		 Restricted
funds
£
21,380
147,665
169,045		 2024
£
91,238
21,380
15,541
-
201,897
(7,891)
-
-
-
General
funds
£
91,238
-
15,541
-
(35,641)
(7,891)
-
-
-
63,247
322,165

The Big Wrap Fund provides free toys and toiletries to children and young people who would otherwise be at risk of receiving nothing for Christmas. Children and young people are referred by the Council's social workers.

The Food Bank Fund provides free emergency food parcels to local people in financial crisis, along with financial advice and support through partnership work with Citizen Advice. The foodbank also supports campaigns at a local and national level to address the policy change needed to address the underlying drivers of poverty. People are referred by the foodbank's referral agency partners

The Baby Basics Fund provides free starter packs with all the practical essentials for new mothers who experience poverty and disadvantage. Referrals are made by health professionals.

The Buildings & Facilities Fund is for general buildings and facility maintenance. Specific grants are sometimes obtained for this fund for named projects.

The Toybox Fund provides free toys for disadvantaged children age 2-10 who are identified by Social Workers, to aid play and development

The Connect Community Garden Fund supports a community growing project that provides upskilling volunteering opportunities for local people as well as helping to alleviate loneliness and social isolation. Fresh produce is provided to the Vale foodbank to support people experiencing poverty.

The Texas Mission Fund is a Texas based missionary ministry. A partner church in Texas send a team over in late spring/ early summer to evangelise in the churches, community and schools. This is run in partnership with other local churches. The Stackpole Retreat Fund is an annual opportunity for church members, family and friends to spend a weekend together, building relationships and enjoying collective worship.

17 Transactions with related parties

During the year the charity:

18 Members

Each member of the charity commits to contribute if the charity is wound up an amount of £10.

Page 21

COASTLANDS CIO

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

19 Reconciliation with previously reported funds

During the year the charity identified a material error in the results reported previously. Two freehold properties that were transferred to Coastlands CIO were not included on the balance sheet of previous years accounts and stock received as Gifts-inkind were not recorded. The comparatives presented in these accounts have been re-stated so that they reflect a correction of the error and a reconciliation with the reserves and results reported previously follows:

Reconciliation of reserves
Previously reported Net Assets, at 31 March
Adjustments arising from correction of an error in the previous period:
Addition of Tangible Fixed Assets - Coastlands Church (CF62 9TN)
Addition of Tangible Fixed Assets - Bethany Evangelical Church (CF62 9TN)
Addition of Current Assets - Foodbank Stock
Re-stated Net Assets, at 30 March
Previously reported results
Re-stated results
Reconciliation of results
Adjustments arising from the correction of an error in the previous period regarding donated
stock		 2024
£
215,785
-
45,000
40,000
21,380
-
322,165
2024
£
12,780
(2,845)
9,935		 2023
£
203,005
45,000
40,000
24,225
-
312,230

Page 22

COASTLANDS CIO

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted funds Unrestricted funds
General Designated Restricted Total General Designated Restricted Total
2025 2025 2025 2025 2024 2024 2024 2024
Note £ £ £ £ £ £ £ £
INCOME AND ENDOWMENTS FROM:
Donations 3 73,227 1,619 483,393 558,239 77,295 - 177,713 255,008
Charitable activities 4 - - 2,820 2,820 - 60,988 191,421 252,409
Other trading activities 5 9,800 - - 9,800 12,257 - - 12,257
Investments 6 155 - - 155 329 - - 329
Other income 7 136 - - 136 4,977 - - 4,977
Total income and endowments 83,318 1,619 486,213 571,150 94,858 60,988 369,134 524,980
EXPENDITURE ON:
Charitable activities: 8 146,109 - 340,402 486,511 108,164 48,621 358,260 515,045
Total Expenditure 146,109 - 340,402 486,511 108,164 48,621 358,260 515,045
Net gains/(losses) on investments - - - - - -
Net income/(expenditure) (62,792) 1,619 145,811 84,638 (13,306) 12,367 10,874 9,935
Transfers between funds 16 105,865 (89,174) (16,691) - (5,000) 5,000 - -
43,073 (87,555) 129,120 84,638 (18,306) 17,367 10,874 9,935
Other recognised gains/(losses):
Gains/(losses) on revaluation of fixed assets - - -
Actuarial gains/(losses) on defined benefit
pension schemes		 15
- -
Other gains/(losses) - -
Net movement in funds 43,073 (87,555) 129,120 84,638 (18,306) 17,367 10,874 9,935
Reconciliation of funds:
Total funds brought forward 63,247 89,873 169,045 322,165 81,553 72,506 158,171 312,230
Total funds carried forward 16 106,320 2,318 298,165 406,803 63,247 89,873 169,045 322,165

Page 23