COACHING FOR CHRIST LTD. Trustees. report and flnanclal statements for the year ended 29 February 2024 Company No: N1058166 Charlty No: XR 91939 CCNI No: NIC103281
COACHING FOR CHRIST LTD. Contents Page Contents Charlty informatlon Trustees, report Independent Examiners, report Statement of Flnancial Activitles Balance sheet io Notes to the flnanclal statements 11- 16
COACHING FOR CHRIST LTD. Charity information for the year ended 29 February 2024 Twstees Mr Donald Coulter {Chalrman} Mr Richard Wilson Mr Adam Strong Mr Mark Beattie Mr John Loughery Mr Stephen Clarke Chief Executlve Officer Mr Stephen Crawford Reglstered Office up to 28 June 2023 14- 16 The Diamond Ahoghill Ballymena BT42 IJZ Registered Offi from 29 June 2023 124 Broughshane Street First Floor, Fairhill House Ballymena Co. Antrim BT43 6EE Company Number N1058166 Charity Number XR 91939 NIC103281 Independent Examiners JL Grant 216 Ballymena Road Doagh, Ballyclare BT39 OTP Bankers Bank of Ireland Church Street Ballymena BT43 6DG
COACHING FOR CHRIST LTD. Trustees, report for the year ended 29 February 2024 The Dlrectors (who are also the trustees) are pleased to present their annual report together with the financlal statements of the charity for the year ending 28 February 2024, which are prepared to meet the requirements for a directors. report and accounts for Companies Act purposes. The director5 have adopted the provisions of the Companies Art 2006 and Accounting and Reportlng by CharStles: Statement of Recommended Practice appllcable to charitles preparing accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ereland (Charities SORP - FRS102), in preparing the annual report and financial statements of the charity. Reference and admlnlstrative details Registered charity name: Charity Commission registration number: HMRC charity reference: Company reglstratlon number: Coaching4Christ NIC103281 XR 91939 N1058166 Dlrector$ and Tru$tee$ of the Companv The directors who held office during the year were as follows: Mr Donald Coulter Ichalrman) Mr Richard Wilson Mr Adam Strong Mr Mark Beattie Mr John Loughery Mr Stephen Clarke structure• governjnce and management The Companyls a charity limited by guarantee without share capltal whlch avails of the 'Limited" exemption. The company Is governed by Its Memorandum and Articles of Assoclatlon dated 15 Februarv 2006 and updated In January 2022. In the event of the Company being wound up members are required to contribute an amount not exceedin9 £10. The Board is responsible for the overall governance of the Company and Is actlvely involved in the day to day management of the organisation. Dlrectors are appolnted in Ilne wlth the Memorandum & Artlcles of Association of the companv. The Board of Directors are also known as Trustees for the purposes of the Charity Commlsslon. Appolntment of Trustees As set out In the Articles, Directors of the Company (who serve as Trustees of the Charity for the purposes of Charity Lawl are elected by the members of the company, or can be co-opted by the Dlrectors. Trustee Inductlon and Tralnlng Incoming Members of the Board Of Directors are aware of the aims and objectives of the Charity and the manner In whlch the Trustees carry out thelr re5ponslblllties. The Chair, supported by the Chief Executive, oversees an induction proce55 for new Directors, who are provided with key documents, including the Artlcles of Association of the company. An overview of the operations of the company is provided by the Chief Executive and new Directors are afforded the opportunity to meet wlth key staff and view the key elements of the company's operations.
COACHING FOR CHRIST LTD. Trustees, report for the year ended 29 February 2024 Organlsatlon The Board of Trustees administers the Charity. The Board meets a minimum of 4 tlmes per annum. The operations of the charity are mana9ed on a day-to-day basis by a Chief Executive, appointed by the Board of Trustees. Rlsk management The directors have conducted a revlew of the rnajor risks to which the charity is exposed. Financial risk Is reviewed on a monthly basis having due regard to ongoing income and expenses. Objectlves and Actlvltles (and how thev dellver publlc benefit) The Company is a non-profit making entity. The principal activity of Coaching4Christ is that of a charity which is re9iStered according to the law of Northern Ireland to advance the Chrlstian faith via sport, The Ministry operates in 6 aspects:. youth development through our Youth Academy (5-12 year olds) League teams (13-17 year olds) our schools work (5-18 year olds), summer camps and International work, with support In all of thls through our Prayer Warriors. In setting our objectives and planning our activities for the year the trustees have given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the actlvlties have helped to achleve the charity's purposes and provlde a beneflt to Its beneficiaries. Youth Academ Our Youth Academy has again seen qrowth In the last vear, not Just in kids coming but also wlth new volunteer coaches coming on board. As well as thSs we are now offerlng a Young Volunteerlng Initiative to our players from the u 17 team who wish to volunteer as part of thelr DOE award, allowing these young people to grow and develop as leaders whilst received training and mentorlng. On a weekly basis between our Youth Academy and Schools Mlnlstry we have the prlvllege of Mlnlstry to and coathing 2,000 young people Our Youth Academy runs from Monday-Thursday evenlngs wlth matches on Friday nights and Saturday's. Offering 3 areas of coaching - social, development and league football no.one is excluded. We have now have 10 teams in the South Belfast League, and they are performing very well. Every evenin9 at our variou5 coachlng locatlons throughout mld and East Antrim the young people take part In the 5esslons whlch include development both on and off the pltch through group discussions on biblical storles and toplcal issues. These values for life are from a faith-based perspective and help engage young people who have never encountered the Christian faith, see a real modern-day example of how to have a relatlonshlp with God. For any young person who already has a relationship with God we help disciple them throughout their tlme wSth us by the coaches offering mentoring in small groups. We place a hlgh value on our Volunteer5, many who serve two nights a week and a Saturday morning or afternoon and offer many other opportunities such as coach education, coach mentorlng and coaching badge5, We are very privileged to be invited into schools in the mid and east antrim area - 17 in total includi ng prlmary and secondary level, whlch allows us to share the Gospel wlth 1600 young people weekly. Alongside this we offer programmes whlch are a9e relevant and offer help around issues that the voung people are facing, such as bullying, poor mental health and low self-worth. The recorded outcomes have been very encouraging so much so that we have been asked to outreach into rnore
COACHING FOR CHRIST LTD. Trustees, report (contlnued) for the year ended 29 February 2024 rtormance ct schoo15 in the wider N.1, area. The Vision for our schools, work is tremendous and we are working alongside the schools to offer Leadershlp Trainlng and Development. We have also been asked to offer our services within the curriculum for PE and sports which we have Introduced in the last year. We are also Involved In runnlng three schools, teams. As the relatlonshlp with schools grows the coaches are getting more opportunitles to share in School Assemblies. We currently have a waltlng Ilst of 30 schools, and we continue to offer opportunltles for further volunteer coaches to help make all this reality. In the month of May we launched school festlval days, where we go into I school for the whole day offering coaching and sharing the beautiful Gospel message. tim As a full time, team, we actlvely look at our personal development in areas relevant such as coach education with 3 of our coache5 obtalnlng thelr 'B' Llcence and I thelr 'C' licence progresslng onto completlng thelr'A' and 'B' Ilcence respectivelyi in the next year. We have one new full-tlme self-employed coach and l intern. In partnership with Stranmillis College, Belfast we offer 2 week placement to final year students to help them experlence the Mlnlstry, and allow them opportunlty to use thelr glfts to serve others, A number of these students have joined the team on overseas rnission, with others coming onto our Internshlp Programme. In the last year we had teams running summer camps locally and also In Kllkenny, SpaSn, and North Afrlca. Allowlng us to expand the reach into the Nation5. Thi5 year will have been our 10th year In the Cordoba region of Spain. Coaching for Christ ministry founded to see Ilves and communltles transformed by Christ through sport; the Vlslon of whlch has always been to have our own outdoor facility to accommodate the ever-growing Youth Academy. When Coachlng for Christ purchased our bullding in The Diamond, Aho9hill In 2013 It was exactly what we needed for our M inistry - especially the indoor football pltch where all our coaching sessions were carried out. In the last 10 years our Youth Academy has grown, and we now have over 400 young people coming on a weekly basi5. Thi5 has meant that we have been unable to use our indoor facility for Some tlme, resultlng In us hirlng facllltles all over mid and east Antrlm to facllltate the ever-growin9 numbers attending, For Coachlng for Christ to contlnue to expand thls essentlal work and In Ilne wlth God's clear dlrectlon and through much prayer, we have made decision to sell our current building in Ahoghlll and are pleased to say that we are 'sold'. We have also secured offlces at 1st Floor, Fairhill House, Ballymena where our administration will be based, and we are now very artively looking for a site in the Mid and East Antrim area. Isalah 54 v 2-3 'Enlarge the place of your tent and let them stretch out the curtains of your dwe115ngs' Do not Spare; lengthen your cords and strengthen your stakes. For you shall expand to the rlght and to the left, and your descendants will inherit the natlons, and make the desolate" A Christian Ministry has purchased the building, and we are delighted about this, an answer to prayer, nd we trust that God will continue to use 14-16 The Dlamond as a house for His Gospel to be shared at home and abroad. In the last few years alongside our overseas ministry we began making links into the USA, We foresee that the Ministry could be planted in USA end of 202512026 with one of our full-time team fulfilling the Vision to 90. We are currently making plan5 for this exciting new venture.
COACHING FOR CHRIST LTD. Trustees. report (continued) for the year ended 29 February 2024 Th fulness With eternlty In mind all we do is to Glorify God by our lives and 'Go make disciples,, In the last year we give Praise to God for saving souls, for adding volunteers and supporters. We would also like to acknowledge those who support the work, through prayer, serving or financlally, you are all part of Ministry and we are truly thankful for each of you. For the faithfulness for each volunteer, Director, full time team, thank you. Everything we do is overseen by our Team Df Prayer Warriors, ever expanding in number. This committed group cover each coach and the work daily In prayer. We consider them the backbone of CFC. rev During the year the charSty received donations totalling £307,874 and had expenditure of £293,141. At the year end the charity had £156,871 of unrestricted cash funds to meet the continuing running costs of the company. The company plans to contlnue its actlvitie5 In the forthcomlng years. The reserve policy of Coaching4Christ is to aim to hold reserves of 6 months of unrestrlcted running costs. At present Coaching for Chrlst have unrestrlcted reserves equal to 3 months unrestrlcted running costs. Coaching for Christ ministry founded to see Ilves and communitie5 transformed by Chrlst through sport,. the Vlslon of whlch has always been to have our own outdoor facility to accommodate the ever-growlng Youth Academy, When Coachlng for Chrlst purchased our building in The Diamond, Ahoghill in 2013 It was exactly what we needed for our Mlnlstry - especlally the indoor football pltch where all our coachlng 5e551ons were carried out. In the last 10 years our Youth Academy has grown, and we now have over 400 young people coming on a weekly basls. Thls has meant that we have been unable to Use our Indoor facility for Some time, resultlng In us hirlng facllities all over mid and east Antrim to facllltate the ever-growing nurnbers attendlng. For Coaching for Chrlst to contlnue to expand this essential work and In Ilne with God's clear direction and through much prayer, we have made declslon to sell our current building in Ahoghlll and are pleased to say that we are 'sold'. We have also secured offlces at 1st Floor, Falrhlll House, Ballymena where our administration will be based, and we are now very actively looklng for a Site in the Mid and East Antrim area, Isalah 54 v 2-3 'Enlarge the place of your tent and let them str•tch out the curtalns of your dwelllngs. Oo not spare; lengthen your cords and strengthen your stakes. For you shall expand to the right and to the lef¢ and your descendants wlll Inherlt the natlons, and make the desolate" A Christlan Ministry has purchased the buildlng, and we are delighted about thls, an answer to prayer, and we trust that God will continue to use 14-16 The Diamond as a house for HIS Gospel to be shared at home and abroad. trustee on beha f of other The charity does not hold any funds on behalf of others.
COACHING FOR CHRIST LTD. Trustees, report (continued) for the year ended 29 February 2024 This report has been prepared in accordance wlth the speci31 provisions relatlng to companies subject to the small companles regime within Part IS of the Companles Act 2006. The directors (who are the trustees of Coaching for Chrlst Ltd, l are responsible for preparlng the dlrectors, report and the financial statements in accordance wlth applicable law and regulations. Company law requlres the directors to prepare financial statements for each financial year. Under that law the dlrectors have prepared the financial statements in accordance with United Kingdom Generally Accepted Accountlng Practice (Unlted Kingdom Accountlng Standards and appllcable law). Under Company law the dlrectors must not approve the financial statements unless they are satlsfied that they give a true and fair view of the state of affairs of the charitable company and of the Incomin9 resources and application of resources, including income and expenditure for that perlod. In preparlng these financial statements, the directors are requlred to.. select suitable accounting pollcles and apply them consistently,, observe the methods and princlples In the Charities SORP-FRSIO2; make judgements and accounting estimates that are reasonable and prudent. state whether applicable accounting Standards have been followed, subject to any materlal departure5 disclosed and explained In the financlal statement,. and prepare the flnanclal statements on the golng concern basis unless It Is Inappropriate to presume that the company wlll contlnue In business. The directors are responsible for keeping adequate accounting records that are sufflclent to show and explain the charStable company's transactions and dlsclose wlth reasonable accuracy at any tlme the financlal posltlon of the charltable company and enable them to ensure that the flnanclal statements comply wlth the Companies Act 2006. They are also responsible for 5afeguardlng the assets of the charltable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Statement ol Dlsclosur• to our Indepqndent Examlners In the case of each director in office at the date the Directors, Report is approved., so far as the dlrector is aware, there is no relevant accounts information of which the charity's independent examiners are unaware,. and they have taken all the steps that they ought to have taken as a director in order to make themselves aware of any relevant accounts informatlon and to establish that the charltable company's independent examiners are aware of that Information. ed on behalf of th trustee$ Mr nald Coulter rector Date
Report of the Independent Examiners to the trustees of Coaching for Chrlst Ltd. (a company limited by guarantee) I report to the trustees on my examination of the flnanclal statements of Coaching for Christ Ltd. (the charity) for the year ended 29 February 2024. Responsibilities and basis of roport As the trustees of the charity (and also its dlrertors for the purposes of company law) you are responsible for the preparation of the financlal statements in accordance with the requirements of the CompanSes Act 2006 {the 2006 Acti, Havlng satlsfied myself that the financial statements of the charlty are not required to be audlted under Part 16 of the 2006 Act and are eligible for independent examlnatlon, I report in respect of my examination of the charity's flnancial statements carried out under section 65 of the Charltles Act (Northern Ireland) 2008 (the 2008 Act). In carrylng out my examination I have followed all the applicable Directions glven by the Charity Commission under section 65{9)(b) of the 2008 Act. Independent examlner's statement I have completed my examination. I conflrm that no matters have come to my attention In connectlon wlth the examination giving me cause to believe that In any material respect: l accounting records were not kept In respect of the charlty as required by sectlon 386 of the 2006 Act; or 2 the financial statements do not accord with those records,, or 3 the financlal statements do not comply with the accounting requirements of sectlon 396 of the 2006 Act other than any requirement that the accounts give a true and falr view whlch 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 prlnclples of the Statement of Recommended Practice for a¢countln9 and reportlng 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 wlth the examlnation to whlch attentSon should be drawn in thls report in order to enable a proper understanding of the financial statements to be reached. Dated., 11 Lowry Grant CCA for, and on behalf of, JL Grant 216 Ballymena Road Doagh, Ballyclare 8T39 OTP
COACHING FOR CHRIST LTD. statement of Financlal Actlvltles (Incorporating an Income and Expendlture account) for the year ended 29 February 2024 2024 Total 2023 Total Notes Unrestrlcted Restrlcted Income and endowments from: Donatlons 170,109 5,000 175,109 143,883 Charltable Actlvltles 100, 193 25.371 125,564 119,263 Other Tradlng Actlvltles 7,101 7,101 618 Investment Income loo loo Ttst•l Incomg and Endowmants 277,503 30,371 307,874 263,764 Expendlture on: Raising Funds 2,439 2,439 580 Charltable Actlvltles 262 255 290 702 243 408 Total Expendltur• 264,694 28,447 293,141 243,988 Net Income for the Year Transfers between funds 43,910 (43,910) Loss on dlsposal of flxed asset5 (115,132) (115,132) Net movement in fund5 100 399 R•conclllatlon of Funds: Fund Balances Brought Forward li 114,797 196,261 311,058 291,282 Fund Balances Carrled Forward li 171 516 210 659 311 058 All Income derlves from contlnulng actlvities, therefore no statement of recognlsed galns or losses Is 9iven. The statement of financial activities also complles wlth the requirements for an income and expenditure account under the Companles Act 2006. The notes on pages 11 to 16 form an Integral part of these flnanclal Statements.
COACHING FOR CHRIST LTD. Balance Sheet as at 29th February 2024 Notes 2024 2023 Flxed assets Tangible Assets 17,958 363,701 Current assets Debtors Investments Cash at bank & In hand 12,204 31,656 189 904 202,108 Credltors: amounts falling due withln one year 9,407 19,600 Net Current Assets 192,701 76,107 Total assets less current Ilabllltles 210,659 439,808 Credltors: amounts falling due after more than one year 128,750 Net assets 210 659 311 058 Funds Unre$trl¢ted: G•n•ral Funds li 171,516 114,797 Restrlcted Funds io 39,143 196,261 li 210 659 311 058 The company is entitled to the exemptlon from the audit requirement contalned In sectlon 477 of the Companies Act 2006, for the year ended 29 February 2024. No member of the company ha5 deposlted a notlce, pursuant to sectlon 476, requlrlng an audlt of these financial statements. The trustees acknowledge their responsibilities for ensuring that the charlty keeps accounting records which comply with section 386 of the Act and for preparing financial statements whlch 9ive a true and fair vlew of the state of affalrs of the company as at the end of the flnancial year and of its incoming resources and application of resources, including its income and expendlture, for the flnanclal year In accordance with the requlrements of sectlons 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to flnancial Statements, so far as applicable to the company. These financial 5tatement5 have been prepared in accgrdance with the provisions applicable to companies subject to the small companles reglme. The ncial stat were approved by the Board and signed on its behalf: MrD rector Company No: NIO58166 dcou ter Date The notes on pages 11 to 16 form an Integral part of these flnanclal Statements. 10
COACHING FOR CHRIST LTD. Notes to the Financlal Statements for the year ended 29 February 2024 I. ACCOUNTING POLICIES The prlncipal accounting pollcies adopted, judgements and key sources of estimatlon uncertainty In the preparation of the financial statements are as follows.. a) Basis of preparation The financial statements have been prepared in accordance with Accounting and Reportin9 by Charities: Statement of Recommended Practice applicable to charities preparinq their accounts In accordance with the Financlal Reportinq Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019) - Icharities SORP (FRS 102), the Financial Reportino Standard aopllcable in the UK and Republic of Ireland (FRS 1021 and the Companies Act 2006. Coachinq for Chrlst meets the definition of a public benefit entity under FRS 102. Assets and Iiablllties are initially recoqnised at hlstorlcal cost or transaction value unless otherwise stated in the relevant accountlno Dolicv note(s). bl PreDaration of the accounts on a qoina concern basis At the time of approvin9 the flnancial statement5, the tru5tee5 have a reasonable expectation that the charSty has adequate resources to contlnue In operatlonal existence for the foreseeable future, Thus the trustees continue to adopt the qolnq concern basls of accountino In preDarlnq the financial statements. c) Fund Accounting Unrestricted funds are funds whlch are available for use at the discretion of the Trustees In furtherance of the general objectives of the Chanty and which have not been deslgnated for other purposes. Restricted funds are funds whlch are to be used in accordance wlth specific restrlctlons lrnposed by donors or whlch have been raised by the Charlty for particular purposes. The cost of ralsing and administering such funds are charged against the specific fund. The aim and use of restricted funds Is set out In the notes to the flnanclal statements. Restrlcted funds may only be transferred to general or designated funds once the crlteria for restriction have been discharged or no longer apply. d) Income Income15 recoqnised when the charlty Is leoallv entltled to it after any performance condltlons have been met. the amounts can be measured reliablv. and it Is probable that income wlll be received. Cash donatlons are recoqnised on recelpt. Other donations are recoqnised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable In relatlon to donations recelved under Gift Aid or deeds of ovenant is recoqnlsed at the time of the donation. e) Donated services and facllltles In accordance with the Charlties SORP (FRS 102). the oeneral volunteer time of SUDDOrters Is not recognised. l) Expenditure and irrecoverable VAT Expenditure is recognlsed once there Is a legal or constructlve obligation to make a payment to a third party, It Is probable that settlement wlll be requlred and the amount of the obligation can be measured reliably. Expenditure Is classified under the followlng activity headlng.. Expenditure on charltable actlvlties comprises those costs Incurred bv the charlty In the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated dlrectly to such activities and those costs of an indirert nature necessary to support them.
COACHING FOR CHRIST LTD. Notes to the Flnanclal Statements for the year ended 29 February 2024 I. ACCOUNTING POLICIES ctd... r) Expenditure and Irrecoverable VAT ctd... All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relatlng to a particular activity are allocated directlyi Other5 are apportioned on an appropriate basi5. Irrecoverable VAT is charged as a cost against the activlty for whlch the expenditure was Incurred. gl Tanglble fi'xed assets and depreclatlon Tangible fixed assets are stated at cost less depreclation. Depreclatlon is provided at rates calculated to write off the cost or valuation of fixed asset5, le55 their estimated residual value, over their expected useful lives on the following basis: Property 2¥0 on cost Office equipment 20¥0 reducing balance Gym equlpment IOWO on cost Sports clothing and equipment 50% on cost The carrying values of tanglble flxed assets are reviewed for impalrment when events or clrcumstances indicate the carrying value may not be recoverable. h) Debtors Trade and other debtors are recognised at the settlement amount due after any trade dlscount offered, Prepayments are valued at the amount prepaid after taklng account of any trade discounts due. 11 Cash at bank and In hand Cash at bank and cash in hand includes cash and short term current accounts. J) Creditors and provisions Creditors and provisions are recogniseé where the charlty has a present obligatlon resulting from a past event that wlll probably result in the transfer of fund5 to a thlrd pa rty and the amount due to Settle the obligation can be measured or estimated reliably, Creditors and provislons are normally recognised at their settlement amount after allowlng for any trade dlscounts due. k) Financlal Instruments The trust only has financial assets and financlal Ilabllltles of a klnd that qualify as basic finoncial Instruments. Baslc flnanclal Instruments are initially recognised at transaction value and subsequently measured at their settlement value wlth the exceptlon of bank loans which are subsequently measured at the carrying value plus accrued interest less repayment5. The rinancing charge to expenditure is at a constant rate calculated uslng the effective interest method. 11 Taxatlon The company is a registered charity and the charitable tax exemptions are therefore being clalmed to the extent that income andlor gains are applicable and applied to charltable purposes only. These exemptions will remain in place as long as income and expenditure is applied to charltable purposes only, 12
COACHING FOR CHRIST LTD. Notes to the Flnanclal Statements for the year ended 29 February 2024 I. ACCOUNTING POLICIES rtd... m) Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlylng assumptions a reviewed on an on9olng basis. Revisions to accounting estimates are COgnised in the period in which the estimate 15 revised where the revislon affects only that perloé, or in the perlod of the revlsSon and future perlods where the revlsion affect5 both current and future perlods. 2. RESULTS FOR THE YEAR The result for the year has been arrlved at after charging the followlng:" 2024 2023 Depreclation 3. EMPLOYEE INFORMATION 2024 2023 Staff Costs Wages, Salarles and Penslons Pension 43,992 42,645 Average monthly number of persons employed by the company durlng the perlod,. Directors Management Administration Number Number There were no high paid staff with no employee receiving over £60,000. Pension costs are allocated to activitie5 in proportion to the related 5taffin9 C05t5 Incurred and are wholly charged to unrestricted funds. The charity trustees were not pald or received any other benefits from employment with the charityi neither were they reimbursed expenses during the year (2023: £nil). 13
COACHING FOR CHRIST LTD. Notes to the Financial Staternents for the year ended 29 February 2024 4. FIXED ASSETS Motor Vehlcla Property Equlpment TOTAL COST At l March 2023 Addltlons Disposals At 29 February 2024 420,850 124,180 391 545,030 7.141 (420,8SO) 131.321 6,750 (420,850) 124,571 6,750 DEPRECIATION At l March 2023 Dlsposals Charge for the year At 29 February 2024 75,718 (75,718) 105,613 181.331 (75,718) 7.750 113,363 6,400 112,013 1,350 1,350 NET BOOK VALUE At 29 February 2024 12,558 5,400 17,958 At 28 February 2023 345,132 L8,567 363.699 S. DEBTORS: AMOUNTS FALLING DVE WITHIN ONE YEAR 2024 2023 Glft ald refund Other debtors 12,204 9,060 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade Creditors other Creditors Property Loan 3,012 6,395 1,736 2,864 7. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 2024 2023 Property Loan 128 750 128 750 The property purchase loan was repaid in full in the year. 14
COACHING FOR CHRIST LTD. Notes to the Financlal Statements for the year ended 29 February 2024 8. INCOME Unrestrl¢ted Restrlcted Funds Funds 2024 Total 2023 Total Income and Endowments from: Donatlons General donatlons Donations projects Tax recovered on donètions Donations from C4C Unite 136,774 2,514 18,267 5,000 141,774 2,514 18,267 109,021 2,141 12,669 The 2023 total of £143,883 was all unrestricted. Unrestrlcted Restrlcted Funds Fund$ 2024 Total 2023 Total Charltable Actlvltles Trlp contrlbutlons Kit sponsorshlp and Income Youth academy donations Grants recelved TBF Thompson Stadium Donation Other Income 20,721 3,450 20,721 3,450 86,249 1,200 36,678 1,850 62,274 2,971 10,000 86,249 1,200 The 2023 total of £119,263 was spllt £68,264 unrestricted and £50,999 restricted. 9, EXPENDITURE Unrestricted R•$trlctéd Funds Funds 2024 Total 2023 Total Expenditure on: Charitablq Actlvltl•s Project resources expended Wages and salarles Runnlng costs Depreciation other expenses 98,522 46,465 86,730 5,849 25,346 123,868 46,465 87,930 7,750 97,627 44,350 76,094 15,093 1,200 1,901 28 43 The 2023 total of £243,408 was split £42,859 restricted and £200,549 unrestricted. 15
COACHING FOR CHRIST LTD. Notes to the Flnancial Staternents for the year ended 29 February 2024 10. RESTRICTED PROGRAMME FUNDS Balance at Incomlng 113123 Resources Resources Expended Loss on Disposal Transfers Balance at 291V24 C4C Centre Bible Project International Travel and Trips Kit sponsorship and income Other T8F Thompson Capltal Project 206 Stadium Project Lyna5 Charltable Trust Capltal Walter Watson Charitable Trust Capital Mid and East Antrlm Council Capital Donation 159,042 175 3,291 (115,132) (43,910) 175 2,116 20,721 (21,896) 3,450 (3,450) 37 2,211 20,705 10,000 400 37 1,710 20,705 10,000 200 (501) (200) 400 (200) (1,200) (1,000) 200 1,200 5,000 4,000 196,261 30,371 28,447 (115,132) (43,910) 39,143 11. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restrlcted Funds Funds Total Fund balances at 29 February 2024 are represented by.. Tangible assets 11,848 Net current assets 159,668 Creditors due after one year 6,110 33,033 17,958 192,701 171 516 210 659 12. RELATED PARTIES Durlng the year Coaching for Christ Ltd received donatlons from the related party C4C Unlte of £12,554 (2023: £20,052). There was £nil owed at the year end. 16