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2025-03-31-accounts

Company registration number NI031262

THE COVE COUNSELLING AND WELLBEING LIMITED (FORMERLY CHRISTIAN COMMUNICATIONS NETWORK (EUROPE) LIMITED)

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

THE COVE COUNSELLING AND WELLBEING LIMITED (FORMERLY CHRISTIAN COMMUNICATIONS NETWORK (EUROPE) LIMITED)

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr P Stewart
Mrs K Stewart (Appointed 6 September 2024)
Mr D Price (Appointed 1 July 2025)
Ms H Kennedy (Appointed 3 December 2025)
Company number NI031262
Principal address 468 Shore Road
Whiteabbey
Co Antrim
BT37 0AB
Registered office Alfred House
19 Alfred Street
Belfast
BT2 8EQ
Independent examiner GMcG BELFAST
Chartered Accountants & Statutory Auditor
Alfred House
19 Alfred Street
Belfast
BT2 8EQ
Bankers Ulster Bank Limited
Connswater
Arches Retail Park
Belfast
BT5 4AF
Solicitors Hool Law
15 - 17 Chichester Street
Belfast
BT1 4JB

THE COVE COUNSELLING AND WELLBEING LIMITED (FORMERLY CHRISTIAN COMMUNICATIONS NETWORK (EUROPE) LIMITED)

CONTENTS

Page
Trustees' report 1 - 2
Independent examiner's report 3 - 4
Statement of financial activities 5
Balance sheet 6 - 7
Notes to the financial statements 8 - 18

THE COVE COUNSELLING AND WELLBEING LIMITED (FORMERLY CHRISTIAN COMMUNICATIONS NETWORK (EUROPE) LIMITED)

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Articles of Association, the Companies Act 2006 and "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)".

Objectives and activities

The principle objectives of the charity are to propagate the Christian gospel and the provision of professional counselling and wellbeing services. These objectives are achieved through the organisation of outreach events and through the publishing, production and dissemination of biblical literature and broadcast material as well as professional counselling sessions, workshops and social support programmes.

The Trustees have taken cognisance of the Charity Commission for Northern Ireland's guidance on public benefit

as defined in the Charities Act (Northern Ireland) 2008.

The public benefit requirements are met through the advancement of religion by advancing the Christian Gospel message locally and worldwide by the publication, production and dissemination of biblical literature and broadcast material. The direct benefits which flow from the proclamation of the Christian gospel message of God's love and grace is to bring hope and salvation to the readers, listeners and viewers. These benefits are demonstrated through feedback and testimonies from service users and regular assessment of the materials, publication and broadcasts being provided.

The public benefit requirements are also met through:

  1. The provision of counselling services to facilitate emotional healing. Users of the counselling service are offered a safe, confidential space to express their feelings without fear of judgment. We work together to help service users process emotions, and when appropriate, explore practical ways to manage challenging situations and reframe unhelpful thought patterns. This can have a significant impact on the mental health of attendees.

  2. Wellbeing Workshops and carer support. Our workshops and carer support programmes provide strategies and resources to assist teachers, carers and family members of those who need additional support. These can improve mental health and reduce instances of anxiety, stress and burn-out.

  3. Wellbeing and social support programmes. Users of our wellbeing and social support programme benefit from group support which reduces a sense of isolation as well as strategies and resources to reduce anxiety and improve the quality of day to day life.

  4. Provision of community facilities to provide a safe space for people from all walks of life and experiences to grow and develop in personal awareness and wellbeing strategies. The community facilities provide a safe place for all service users.

The charity's beneficiaries are the general public. We do not believe there are any harms flowing from the purposes.

Achievements and performance

During the year the charity continued to produce broadcast material and started to provide professional counselling services and wellbeing support programmes.

Financial review

The charity's financial results are set out in detail on pages 5 to 18. The income of the charity is mainly from gifts and donations, and during the year it relied on existing reserves to further its charitable objectives. The results for the year show net expenditure of £108,788 (2024 - £91,119). The charity has no restricted funds.

At 31 March 2025, the total funds of the charity amounted to £1,280,226 (2024 - £1,389,014), which entirely represents unrestricted funds.

THE COVE COUNSELLING AND WELLBEING LIMITED (FORMERLY CHRISTIAN COMMUNICATIONS NETWORK (EUROPE) LIMITED) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Thè trustees consider that the charity should maintain free reserwes at a level which is sufficient to cover overheads and administratlve costs for a period of at least ￿1ve months. At 31 March 2025 the charity had free reserves of £6.363 (2024 - £100,708). The charity's overheads arKI financlal commitments are relatively low and the18vel of fr88 res8rves currently held is appropti8te for the charity's circumstances. The trustees wlll contlnue to monitor this position golng forward and, as described in note 1.2, the financtal statements have been prepared on a going concern basis. Plan8 for futur• pèrlods Post year end the charity was renamed as The Cove Counselling and Wellbeing Limited. Vthile hist¢r¢al broadcast programmes are stlll available on YouTub8. the maln focus of the charily has moved to professional counselling and wellbeing programmes. Structure. govarnanco and management The charity was established under a Memorandum of Association which established the objects and powers of the company and 15 governed under it5 Articles ofAssociation. The Cove Counselllng and Wellbeing Limited Is charltable company limited by guarantee and does not have a share capital. The charity is managed on a day-to day basis by Mrs Karen Stewart, trustee. The Board of Truste8s is responsible for recruiting and appointing new trustees. New trustees are briefed on their responslbllllies when appolnted and all necessary training is provided. The trustees have assessed the major risks to which the charity is exposed and have established systems and procedures lo manage those risks accordingly. The trustees, who are also the dlrectors for the purpose of company law. and who served during the year and up to the date of signature of the financlal statements were.. Dr C H Stewart (Deceased 3 May 2025) Mr P Stewart Dr H A Odeylnka Mrs K Stewart Mr D Price Ms H Kennedy {Rèslgn6d 21 November 2024) (Appointed 6 September 2024) {Appolnl8d 1 July 2025) (Appointed 3 December 2025) In preparing this report. the directors have tsken advaniage of the small Gompanies exernptions provided by section 41 SA of the Companies Act 2006. Chaiity Registration Number.. NIC103291 Company Registration Number: N1031262 Mr P Stewart Trustee

THE COVE COUNSELLING AND WELLBEING LIMITED (FORMERLY CHRISTIAN COMMUNICATIONS NETWORK (EUROPE) LIMITED)

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE COVE COUNSELLING AND WELLBEING LIMITED (FORMERLY CHRISTIAN COMMUNICATIONS NETWORK (EUROPE) LIMITED)

I report on the financial statements of the charity for the year ended 31 March 2025, which are set out on pages 5 to 18.

Responsibilities of charity trustees and examiner

As the charity trustees (and also the directors of the company 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.

Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's report

I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.

My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.

My role is to state whether any material matters have come to my attention giving me cause to believe:

THE COVE COUNSELLING AND WELLBEING LIMITED (FORMERLY CHRISTIAN COMMUNICATIONS NETWORK (EUROPE) LIMITED)

INDEPENDENT EXAMINER'S REPORT (CONTINUED)

TO THE TRUSTEES OF THE COVE COUNSELLING AND WELLBEING LIMITED (FORMERLY CHRISTIAN COMMUNICATIONS NETWORK (EUROPE) LIMITED)

Independent examiner's statement

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 financial statements to be reached.

Mrs Susan Dunlop FCA GMcG BELFAST

Chartered Accountants & Statutory Auditor Alfred House 19 Alfred Street Belfast BT2 8EQ

Dated: 15 December 2025

THE COVE COUNSELLING AND WELLBEING LIMITED (FORMERLY CHRISTIAN COMMUNICATIONS NETWORK (EUROPE) LIMITED)

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted Unrestricted
funds funds
2025 2024
Notes £ £
Income and endowments from:
Donations and legacies 3 16,293 2,895
Investments 4 54,076 60,052
Other income 5 70 6,250
Total income 70,439 69,197
Expenditure on:
Charitable activities 6 179,227 159,184
Other expenditure 11 - 1,132
Total expenditure 179,227 160,316
Net expenditure and movement in funds (108,788) (91,119)
Reconciliation of funds:
Fund balances at 1 April 2024 1,389,014 1,480,133
Fund balances at 31 March 2025 1,280,226 1,389,014

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

THE COVE COUNSELLING AND WELLBEING LIMITED (FORMERLY CHRISTIAN COMMUNICATIONS NETWORK (EUROPE) LIMITED)

BALANCE SHEET

AS AT 31 MARCH 2025

Notes
Fixed assets
Tangible assets
13
Investment properties
14
Investments
15
Current assets
Stocks
16
Debtors
17
Cash at bank and in hand
Creditors: amounts falling due within
one year
18
Net current assets
Total assets less current liabilities		 2025
£
£
642,913
630,949
1
1,273,863
427
22,967
3,236
26,630
(20,267)
6,363
1,280,226		 2024
£
£
657,356
630,949
1
1,288,306
504
22,910
82,689
106,103
(5,395)
100,708
1,389,014		 2024
£
£
657,356
630,949
1
1,288,306
504
22,910
82,689
106,103
(5,395)
100,708
1,389,014
1,288,306
100,708
1,389,014

THE COVE COUNSELLING AND WELLBEING LIMITED (FORMERLY CHRISTIAN COMMUNICATIONS NETWORK (EUROPE) LIMITED) BALANCE SHEET (CONTINUED) ASAT 31 MARCH 2025 2025 2024 Notos Income funds Unrestricted funds 1,280,226 1,389,014 1,280,226 1,389,014 The company is entitled to the exemption from the audlt requirement contalned in sectlon 477 of Ihe Companies Act 2006, for the yaar ended 31 March 2025. No members have required the company to obtain an aud6t of Its financial statements for the year In questlon In accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complylng wlth the r8qulrements of the Companies Act 2006 wlth respect to accounling records and the preparation of financial stalemonts. The member8 have not required the company to obtain an audit of its financial siatemenls lor the year In question in accordance ￿ sectlon 476. These tlnandal statements havè ￿an prepared in accordance wlth Ihe provlslons appllcable to companles subject to the small companies regime. Th ancial statements were approved by the Trustees on ....... Mr P Stewart Trust•• Company Reglstratlon No. N1031262

THE COVE COUNSELLING AND WELLBEING LIMITED (FORMERLY CHRISTIAN COMMUNICATIONS NETWORK (EUROPE) LIMITED)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

The Cove Counselling and Wellbeing Limited (Formerly Christian Communications Network (Europe) Limited) is a private company limited by guarantee incorporated in Northern Ireland. The registered office is Alfred House, 19 Alfred Street, Belfast, BT2 8EQ.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

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 investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

These financial statements have been prepared on a going concern basis notwithstanding the fact that the charity had a low level of free reserves at the balance sheet date. The charity has no significant financial liabilities or commitments. Accordingly, having taken all factors into account, the directors consider it appropriate that the financial statements for the year ended 31 March 2025 be prepared on a going concern basis.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

THE COVE COUNSELLING AND WELLBEING LIMITED (FORMERLY CHRISTIAN COMMUNICATIONS NETWORK (EUROPE) LIMITED)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies (Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

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

Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and Governance costs are costs incurred on the charity's educational operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

All expenditure is inclusive of irrecoverable VAT.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 2% straight line Fixtures and fittings 25% straight line

1.7 Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

THE COVE COUNSELLING AND WELLBEING LIMITED (FORMERLY CHRISTIAN COMMUNICATIONS NETWORK (EUROPE) LIMITED)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies (Continued)

1.8 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.9 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.10 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.11 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.12 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

THE COVE COUNSELLING AND WELLBEING LIMITED (FORMERLY CHRISTIAN COMMUNICATIONS NETWORK (EUROPE) LIMITED)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies (Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.13 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 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 underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty Fixed assets

The annual depreciation charge on fixed assets depends primarily on the estimated lives of each type of asset and estimates of residual values. The directors regularly review these asset lives and change them as necessary to reflect current thinking on remaining lives in light of prospective economic utilisation and physical condition of the assets concerned. Changes in asset lives can have a significant impact on depreciation charges for the period. Details of the useful lives is included in the accounting policies above.

Investment property

The trustee made key assumptions in the determination of the fair value of an investment property in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the asset.

Debtors

Short term debtors are measured at transaction price, less any impairment. Impairment of such debtors involves some estimation uncertainty.

THE COVE COUNSELLING AND WELLBEING LIMITED (FORMERLY CHRISTIAN COMMUNICATIONS NETWORK (EUROPE) LIMITED)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

3 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Donations and gifts 16,293 2,895
4 Income from investments
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Rental Income 53,463 59,338
Bank Interest 613 714
54,076 60,052

5 Other income

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Management Income 70 6,250

THE COVE COUNSELLING AND WELLBEING LIMITED (FORMERLY CHRISTIAN COMMUNICATIONS NETWORK (EUROPE) LIMITED)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

6 Expenditure on charitable activities

Charitable Charitable
Activities Activities
2025 2024
£ £
Direct costs
Staff costs 708 4,742
Accomodation 1,362 920
Production and broadcasting costs 17,160 17,300
Computer costs 2,760 2,223
Postage and stationery 2,644 1,666
Miscellaneous expenses 1,221 1,381
Travel and hospitality 75 174
Subscriptions 2,053 2,490
Events expenditure - 1,638
Books and tapes for resale 76 4
Gifts 1,602 5,283
Bank charges 259 633
Telephone 3,410 2,842
Other charitable expenditure 66 40
33,396 41,336
Share of support and governance costs (see note 7)
Support 142,629 114,667
Governance 3,202 3,181
179,227 159,184
Analysis by fund
Unrestricted funds 179,227 159,184

THE COVE COUNSELLING AND WELLBEING LIMITED (FORMERLY CHRISTIAN COMMUNICATIONS NETWORK (EUROPE) LIMITED)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

7
Support costs allocated to activities
Staff costs
Depreciation
Heat and light
Repairs and maintenance
Rates
Insurance
Legal and professional
Secretarial support
Governance costs
Analysed between:
Charitable Activities
Governance costs comprise:
Accountancy
8
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets
Loss on disposal of tangible fixed assets		 2025
£
68,785
17,213
13,211
24,014
7,225
5,731
6,226
224
3,202
145,831
145,831
2025
£
3,202
3,202
2025
£
3,202
17,213
-		 2024
£
50,223
17,556
16,545
9,297
6,958
5,875
8,034
179
3,181
117,848
117,848
2024
£
3,181
3,181
2024
£
3,181
17,556
1,132

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

THE COVE COUNSELLING AND WELLBEING LIMITED (FORMERLY CHRISTIAN COMMUNICATIONS NETWORK (EUROPE) LIMITED)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

10 Employees

The average monthly number employees during the year was:

2025 2024
Number Number
2 2
Employment costs 2025 2024
£ £
Wages and salaries 69,493 54,965

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

The key management personnel of the charity are considered to be the trustees. No remuneration was paid to key management personnel in the current or prior year.

11 Loss on disposal of investments

Total Unrestricted
funds
£
2025 2024
Net loss on disposal of tangible fixed assets - 1,132

12 Taxation

The charity is exempt from income tax and capital gains tax to the extent that its income and gains are applied for charitable purposes. No tax charge has arisen in the year.

THE COVE COUNSELLING AND WELLBEING LIMITED (FORMERLY CHRISTIAN COMMUNICATIONS NETWORK (EUROPE) LIMITED)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

13
Tangible fixed assets
Freehold land
and buildings
Fixtures and
fittings
£
£
Cost
At 1 April 2024
701,285
27,230
Additions
-
2,771
At 31 March 2025
701,285
30,001
Depreciation and impairment
At 1 April 2024
49,091
22,069
Depreciation charged in the year
14,026
3,187
At 31 March 2025
63,117
25,256
Carrying amount
At 31 March 2025
638,168
4,745
At 31 March 2024
652,194
5,162
14
Investment property
Fair value
At 1 April 2024 and 31 March 2025		 Total
£
728,515
2,771
731,286
71,160
17,213
88,373
642,913
657,356
2025
£
630,949

The 2025 valuations were made by the trustees, on an open market value for existing use basis.

15 Fixed asset investments

Other
investments
Cost or valuation
At 1 April 2024 & 31 March 2025 1
Carrying amount
At 31 March 2025 1
At 31 March 2024 1

THE COVE COUNSELLING AND WELLBEING LIMITED (FORMERLY CHRISTIAN COMMUNICATIONS NETWORK (EUROPE) LIMITED)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

15
Fixed asset investments (Continued)
Other investments comprise:
Notes
Investments in subsidiaries
21
16
Stocks
Finished goods and goods for resale
17
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
18
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 2025
£
1
2025
£
427
2025
£
19,010
3,957
22,967
2025
£
1,953
4,289
9,915
4,110
20,267		 2024
£
1
2024
£
504
2024
£
19,190
3,720
22,910
2024
£
658
249
-
4,488
5,395

19 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April Incoming Resources At 31 March
2024 resources expended 2025
£ £ £ £
General funds 1,389,014 70,439 (179,227) 1,280,226

THE COVE COUNSELLING AND WELLBEING LIMITED (FORMERLY CHRISTIAN COMMUNICATIONS NETWORK (EUROPE) LIMITED)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

19 Unrestricted funds (Continued)
Previous year: At 1 April Incoming Resources At 31 March
2023 resources expended 2024
£ £ £ £
General funds 1,480,133 69,197 (160,316) 1,389,014

20 Related party transactions

At 31 March 2025 Willowbrook Private Healthcare Limited, a subsidiary company, owed the charity £536,523 (2024 - £536,523) in relation to monies advanced in prior years. This charity has made a provision of £536,523 (2024 - £536,523) against this balance.

During the year, the charity received a donation of £15,000 from North West Care and Support Limited, a company that is owned and controlled by a trustee. At the year end £8,000 was owed to North West Care and Support Limited. No interest is charged on this balance.

21 Subsidiaries

Details of the charity's subsidiaries at 31 March 2025 are as follows:

Name of undertaking Registered Nature of business Class of % Held
office shares held Direct Indirect
Willowbrook Private Northern Ireland Property Development Ordinary 100.00
Healthcare Limited Shares

The aggregate capital and reserves and the result for the year of subsidiaries excluded from consolidation was as follows:

Name of undertaking Profit/(Loss) Capital and
Reserves
£ £
Willowbrook Private
Healthcare Limited - (537,123)