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2024-12-31-accounts

© GlobalConnections

EVANGELICAL MISSION ASSOCIATION

ALSO KNOWN AS GLOBAL CONNECTIONS

(A COMPANY LIMITED BY GUARANTEE)

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

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Company No: 3886596

EVANGELICAL MISSION ASSOCIATION

Report of the Trustees for the Period Ended 31 December 2024

CONTENTS CONTENTS
1. Report of The Trustees ............................................................................................................ 3
1.1
Reference and Administrative Details ............................................................................... 3
1.2
Structure, Governance & Management ............................................................................. 4
1.3
Our Aims, Objectives and Activities ................................................................................... 6
1.4
Summary of Main Activities and Performance by Strategic Objective in 2024 ................... 7
1.5
Summary of Achievements and Performance against Operational Plans in 2024 ........... 11
1.6
Financial Review ............................................................................................................. 13
1.7
Future Plans and Activities .............................................................................................. 15
1.8
Responsibilities of The Trustees ..................................................................................... 15
2. Independent Examiner’s Report to The Evangelical Mission Association (“Global
Connections”) ...................................................................................................................... 17
3. Financial Statements ............................................................................................................. 18
3.1. Statement of Financial Activities (Including Income & Expenditure Account) – Year Ending 31
December 2024 ................................................................................................................... 18
3.2. Balance Sheet (As At 31 December 2024) ............................................................................. 19
3.3. Notes To The Financial Statements For The Year Ending 31 December 2024 ...................... 20

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Report of the Trustees for the Period Ended 31 December 2024

1. Report of The Trustees

The trustees have pleasure in presenting their report and accounts for the year ended 31 December 2024.

1.1 Reference and Administrative Details

Legal Registration

The Evangelical Mission Association (EMA) is an incorporated charity limited by guarantee, not having share capital. It is registered in England and Wales with company number 3886596 and as a charity with charity number 1081966. It operates under the trading name of Global Connections (GC). The charity also uses Global Connections Jobs & Mission (GC J&M) as a trading name for its vocational activities and has a sub-network in Northern Ireland called the Mission Action Partnership (MAP).

Board of Trustees (also Company Directors)

The following individuals have served as trustees during the year and to the date of this report:

Mr Alan Tower Mrs Louisa Evans Mr Fola Oyeleye Mr Chris Ducker Mrs Anu Ola Mr Mark Pickett (elected Oct 2024) Trustee XX – Trustee with Dispensation Mrs Natasha Rayan (elected Oct 2024) Mrs Cindy Crossley (elected Oct 2024) Mrs Caroline Maxwell (elected Oct 2024) Ms Abi Willetts (elected Oct 2024)

Council

The following individuals, together with the trustees, served as Council members during 2024:

Abi Willetts* Evan Winter Mark Pickett*
Brian Wakelin (resigned Oct 24) Gary Sloan Michael Prest
Chris Howles Girma Bishaw Natasha Rayan*
Cindy Crossley* Gordon Darragh Paul Cooke
Claire Franks Henry Lu Rachael Heffer (Hon member)
Dan Yarnell Iván Neira Ray Porter
David Baldwin (resigned Oct 24) James Poole Robert Scott
David Cook John McLernon Roger Purdom
David King Mark Handley Siew H Ong

*Stood down from the Council in March 2024 to join the Board of Trustees as a co-opted member.

Company Secretary during 2024

Mr Andy Law

Officers

Honorary President: Rev Stanley Davies (to 29 March 2024) Chairman of Board: Mr Alan Tower

Key Management Personnel

Dr Chris Wigram (Interim Chief Executive Officer – in post until 21 June 2024) Mr Ben Stansfield (Chief Executive Officer – commenced in post 24 June 2024) Mr Andy Law (Chief Operating Officer)

Registered Office

Caswell Road, Leamington Spa, CV31 1QD

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION

Report of the Trustees for the Period Ended 31 December 2024

Correspondence Address

Caswell Road, Leamington Spa, CV31 1QD

Independent Examiner

K Gomes FCIE MAAT Independent Examiners Ltd Unit 2,The Broadfields Business centre Delling Lane Bosham West Sussex PO18 8NF

Bankers

  1. Santander, Bridle Road, Bootle, G1R 0AA

  2. Barclays Bank plc, 29 Borough High Street, London, SE1 1LY

  3. Kingdom Bank, Media House, Padge Road, Beeston, Nottingham, NG9 2RS

  4. The Co-operative Bank p.l.c., 1 Balloon Street, Manchester, M4 4BE

1.2 Structure, Governance & Management

1.2.1 Constitution of the Charity and Status

The Evangelical Mission Association (EMA) is an incorporated charity limited by guarantee, not having share capital. It is registered in England and Wales with company number 3886596 and as a charity with charity number 1081966. The company is governed by revised Articles of Association which were adopted on 30[th] November 2011. It operates under the trading name of Global Connections (GC). It is referred to by this name throughout the report. The charity also uses Global Connections Jobs & Mission (GC J&M) as a trading name for its vocational activities and the Northern Ireland Office is called Mission Action Partnership (MAP). The Directors of the company are the trustees for the purposes of the Charities Act. The charity is registered with HMRC, reference XN77672.

The voting membership of the charity is its Council with elections taking place at company meetings following a nomination process agreed by the Council. The Council is representative of the network with the proportions agreed by the Council. The network has a number of non-voting categories which includes network members, network associates and individual associates. The basis for the different categories of the network is set out in the Articles of Association. The Council members that served during 2024 are listed on page 1. The term of office is three years, and each Council member is eligible to serve for up to three terms. The Council’s role is to approve the overall vision, mission and values for the network and debate significant policy and missiological issues. The Council elects the Board of Trustees in accordance with the Articles of Association. The Council met three times during 2024 – two regular meetings, and once for the Annual General Meeting.

It is with sadness that the trustees recognise the death of the charity’s honorary president, Reverend Stanley Davies in March 2024. Stanley made a tremendous contribution to the Evangelical Mission Alliance (then Association), and was instrumental in creating a firm foundation for his successors to build on. All of us connected with the Evangelical Mission Association send our condolences to Stanley’s family, and pray for God’s close presence in their grief.

1.2.2 The Board

The trustees (who together form the Board of Trustees), who held office during 2024, are listed on page 3. There were no resignations during the year, but four Council members and one individual previously external to the network, were co-opted to the Board in March and

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Report of the Trustees for the Period Ended 31 December 2024

subsequently elected as full members of the Board, at the Council meeting in October 2024. All trustees have received the Charity Commission’s publications ‘The Essential Trustee’, ‘Charities and Fund-raising’ and ‘Risk Framework’. The term of office is three years, and each trustee is eligible to serve for up to three terms.

None of the trustees had any financial interest in any transaction or arrangement with the charity (other than as a trustee for the charity or as a donor to the charity or as a staff member of a network member) during the period covered by this report. No trustee receives any form of remuneration, other than the reimbursement of expenses. Any such expenses are listed in the notes to the Financial Statements.

1.2.3 Board meetings and organisation of the charity

The operations of the charity are conducted in accordance with the Articles of Association. All the trustees are active in the running of the charity and there is a clear set of roles and responsibilities for trustees and staff. The trustees met four times during the year, with ad hoc meetings when required, as well as participating in Council meetings and other network events. The Board is supported by an advisory committee on finance and governance; this Finance & Governance Committee (F&GC) supports the trustees and senior management with financial planning and oversight, risk identification and management, pension scheme oversight and policy review assessment. At the start of the year, the trustees also invested additional time into the recruitment of a new CEO. The recruitment process was ultimately successful, and Ben Stansfield commenced in post on 24 June 2024.

The trustees approve and monitor the charity’s strategic objectives and retain oversight on the allocation of funding for activities, which are approved within the limits of its financial resources. Legal advice is sought when necessary.

A register of trustees’ interests is held to ensure that there are no conflicts of interest. This is updated annually. Related party issues are fully declared in the financial statements. The trustees abide by a clear conflict of interest policy which states that any trustee with a potential conflict of interest is asked to leave the room and takes no part in the debate or decision. The trustees have reviewed and state that there is no Person of Significant Control.

1.2.4 Risk Management

Risks to the continued operation of the charity are monitored and formally reviewed by the trustees at their meetings. This process seeks to identify all risks to which the charity is exposed, especially seeking to identify the major risks to ensure that all appropriate mitigations are in place. The most prominent risks currently being managed by the charity relate to the potential impact of changes to the GC Pension Scheme, competition from other Christian jobs advertisers, and the implications of being unable to recruit to vacancies in the staff team should they occur. While there are significant financial implications associated with the jobs advertising risk, the trustees are satisfied that adequate mitigations and contingency plans, appropriate to an organisation of its size, are in place to reduce the consequences of this, and all, risks.

The charity maintains a register of the principal identified risks and this is maintained as a working document. Internal risks are minimised by the implementation of control procedures. External risks are minimised by regular monitoring of the external environment covering charity regulation and world mission issues.

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Report of the Trustees for the Period Ended 31 December 2024

1.3 Our Aims, Objectives and Activities

Our Purpose

Our charity’s purpose is to maintain, advance and promote the Christian faith throughout the world by such means as the trustees shall think fit. As a membership network, Global Connections has always sought to do this through strengthening and improving the practice of the network members and the UK church in relation to world mission activities, and by the provision of resources that bring benefit and help support their missional activities.

Our Aims and Objectives

Although our aims and objectives will remain generally consistent from one year to the next, the means by which these are achieved (i.e., our activities) are reviewed each year. This review process considers what has been achieved in the last 12 months, what benefits have been realised for our members and what lessons can be learned. The review process also helps us ensure our aim, objectives and activities remained focused on our stated purposes.

The focus of our work and activities

The focus of our work continues to be the growth and development of a network of agencies, churches and individuals dedicated to growing God’s Kingdom through mission. Since a review carried out in 2022, the charity’s strapline and supporting statement remain:

Strapline: Together for the future of mission

Supporting Statement: ‘Connecting and equipping the UK church and mission community in a changing world.

The charity’s key objectives are:

  1. Connect — help the network build and strengthen relationships and develop collaborative partnerships across organisations, nationalities, and mission fields for the sake of prayer, mutual learning, and sharing of resources.

  2. Inspire — inspire, encourage, and motivate followers of Christ in the UK to participate in God's mission through relevant Christian ministry and service, both locally and globally.

  3. Explore — engage with the network in critical, reflective and fruitful conversations about the future of mission, in the context of world Christianity, and the role of the UK mission community in it.

  4. Equip — prepare and equip members for both local and global mission through the sharing of experience, best practice, and helpful resources.

The trustees believe that these keywords clarify the charity’s objectives and provide a helpful framework for the members and staff of Global Connections, Global Connections Jobs & Mission, and MAP.

The trustees remain mindful of the guidance contained in the Charity Commission’s general guidance on public benefit whenever reviewing our aims and objectives and in planning our future activities. In accordance with this guidance, the trustees considered how planned activities will contribute to the agreed aims and objectives.

Who are our charity’s beneficiaries?

As a network organisation, the trustees consider that the main beneficiaries are organisations and churches involved in mission activities (cross-culturally in the UK and around the world).

The charity aims to deliver events and resources to the network members and more widely, that will assist them in their mission of spreading and demonstrating the Christian message.

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Non-network members can attend events and use resources where available. The trustees consider that the public is well served by strengthening and improving the practise of its members and the UK church in relation to mission activities in the UK and overseas, and by the provision of high-quality resources that bring wider public benefit.

1.4 Summary of Main Activities and Performance by Strategic Objective in 2024

The following points will look at specific work carried out against each of the organisational objectives in each strategy area, and will highlight their impact on the network of mission organisations that we represent.

As a network of member organisations, Global Connections strives to facilitate individuals, agencies, churches and network associates to connect with one another, to share experiences and learning, and offer mutual support. Global Connections and MAP have continued to facilitate these connections in the following ways:

The GC staff team continue to value the support of the forum core and steering group members, who together, ensure the forums cover appropriate topics and appeal to the broader network. This arrangement continues to ensure that a range of voices can be heard, and perspectives considered in developing plans for learning and engagement throughout the year.

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Report of the Trustees for the Period Ended 31 December 2024

working in similar roles, share experience and learning, and offer support for mutual benefit. Feedback from these sessions continues to be overwhelmingly positive.

Global Connections Jobs & Mission (GC J&M) is a ministry of Global Connections.

A few of the key achievements for GC J&M in 2024 were:

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os ConnectionsGlobal

Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Report of the Trustees for the Period Ended 31 December 2024

taken steps to further target our content to the most relevant audience. During 2024 we also launched a set of customisable images to make job adverts more attractive.

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Report of the Trustees for the Period Ended 31 December 2024

Through all such conversations, Global Connections looks to facilitate dialogue around the key issues impacting the outworking of mission in, to and from the UK. The intention is not to instruct members on what alternative models should be adopted, but to explore together whether change is required to redress the balance of perceived power and resource.

The staff team continue to signpost members to a range of valuable resources at source. We believe this approach of pointing to source minimises the potential for misinterpretation of loss of context. As such, we remain confident that this continues to be the most appropriate model to equip our members.

In addition to signposting to external resources, Global connections and MAP continued to equip members with a range of important material resources including:

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Report of the Trustees for the Period Ended 31 December 2024

The staff team are especially grateful to all those who helped develop the resources available on the GC website.

The trustees are committed to improving the charity’s practise and ensuring that it delivers public benefit by supporting the activities of the members of the network. The strategy sets out clear indicators for monitoring how activities impact the stated aims, and this is evaluated by management and reported at each board meeting.

The principal achievements in 2024 centred on carrying out an extensive listening exercise to help the board and staff team review and reshape the charity’s strategic focus. We also invested considerable time and energy into providing members with an increased number and range of events during the year. This created more opportunities for members to connect with others in the network, and shape their own plans and practises.

In the interest of continuation and consistency, this section of the report will focus on how the charity performed against the plans and future activities set out in the 2023 Annual Trustees Report. These were:

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Report of the Trustees for the Period Ended 31 December 2024

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Report of the Trustees for the Period Ended 31 December 2024

1.6 Financial Review

In contrast to jobs advertising, income from events increase from £14,121 in 2023 to £17,650 in 2024. The trustees and staff team were also grateful to the commitment and support shown by members of the network as they provided a valuable £161,275 of income from membership fees in 2024 against a budget of £150,000. This represents a decrease of just £110 on the £161,385 received in 2023.

The total income from the charity’s key activities decreased in 2024, compared to 2023. As already stated the poor performance of jobs advertising, was a significant contributor to this result.

Total expenditure increased by 14% from £276,762 in 2023 to £315,684 in 2024. This increase was largely due to the increased expenditure associated with having a full staff team, including a full-time CEO (as compared to the part-time arrangements of the previous several years).

The combined reduction in income and increased expenditure resulted in a year end deficit of £65,460.

The Trustees continue to express their dependence on God, and gratitude for His provision of sufficient funding. The executive leadership and trustees remain committed to stewarding

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Report of the Trustees for the Period Ended 31 December 2024

the charity’s resources with prudence, diligence and discernment. Working with the rest of the staff team, every effort will be made to engage in projects and programmes of work, to the benefit of the wider network and mission community.

As in previous years, restricted funds activity continues to centre on various mission promotion events organised by the cooperation of member agencies in the GC network and facilitated financially by the GC staff team.

1.6.2 Free Reserves Policy

Free reserves are those unrestricted funds not invested in fixed assets nor designated for specific purposes or otherwise committed. This reserve is a means of protecting the organisation against uncertainty over future income or potential emergency expenditure.

The current Board policy is to hold an upper free reserve limit at or above 2.5 months’ expenditure, plus an amount to cover the cost of closure, the total of which currently equates to £100,149. This is referred to as the ‘Early Warning’ Reserve limit. This signifies the point at which the Board must consider the steps to be taken to prevent further depletion of the reserves, and covers the charity’s minimum contractual liabilities and standard operating costs, whilst providing a buffer for unexpected expenditure or loss of income. In addition to this, it is the Board’s policy to recognise the lower ‘Absolute Free Reserve Limit’ which signifies the point at which a decision to continue trading must be taken; during 2024, this limit stood at £32,254.

The actual free reserves are £297,168 - which is the equivalent of just over 11 months expenditure. The healthy state of the free reserves is due to the legacy donation received in 2023. While the intention will be to focus the spending of legacy donations in furtherance of the charitable objectives, it is recognised that they will continue to provide additional financial stability over the next one to two years of planned budget deficits. The executive leadership and trustees will continue to consider how the legacy fund may be used to maximise its benefit.

1.6.3 Going concern

The trustees regularly review the medium-term financial projections for the charitable company, and recognise the need to closely monitor and respond to budgetary fluctuations as and when required. Although it is recognised that there continue to be some risks that are beyond the charity’s control, it is the board’s view that appropriate mitigations are in place and will be monitored on a quarterly basis, or more frequently if appropriate. Although the trustees have approved a deficit budget of £80,060 for 2025, it is noted that unpredictable nature of the jobs market has resulted in a cautious approach to budget setting.

As in the last 2-3 years, there continues to be a degree of uncertainty regarding the financial security within the sector, which could ultimately result in a further reduction in the number of members in the network. When combined with known higher operational costs associated with having a full staff team and other general uplifts impacted by inflation, it remains the view of the trustees that the charity is unlikely to deliver a surplus in the next two years.

Despite this, the charity does not forecast passing below its absolute free reserves limit of £32,254 for at least 12 months from the date of this report. Consequently, the trustees are satisfied that the company is in adequate financial health and the going concern basis is appropriate for their accounting.

1.6.4 Investment Policy

The Board’s policy is to retain surplus liquid funds in interest bearing accounts, generally up to £85,000 per banking institution, currently using the Santander Deposit Fund, Kingdom Bank and the Co-operative Bank accounts. Having received such a significant legacy

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Report of the Trustees for the Period Ended 31 December 2024

donation in 2023, the trustees took the decision to deposit all of this money, together with a portion of the funds held in the low interest Santander current account, in a COIF Charities Deposit Fund managed by CCLA, rather than holding it as a cash deposit in the bank. This decision continues to pay dividends in the form of much improved interest payments.

1.7 Future Plans and Activities

In consultation with the Board of Trustees, the staff and executive management team will focus their energy and time during 2025 on the following objectives:

1.8 Responsibilities of The Trustees

The trustees (who are also the directors for the purposes of Company Law) are responsible for preparing the trustees’ report and the financial statements in accordance with general applicable law and United Kingdom Accounting Standards (United Kingdom General Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safekeeping the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Report of the Trustees for the Period Ended 31 December 2024

In so far as the trustees are aware:

For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirement of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the micro-entity provisions.

The Trustees’ Report was approved by the Trustees on 21/05/2025 and signed on their behalf by:

Mr Alan Tower (Chair):

Date: 21/05/2025

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Report of the Trustees for the Period Ended 31 December 2024

2. Independent Examiner’s Report to The Evangelical Mission Association (“Global Connections”)

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.

RESPONSIBILITIES AND BASIS OF REPORT

As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.

INDEPENDENT EXAMINER'S STATEMENT

I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:

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.

K Gomes FCIE MAAT Independent Examiners Ltd Unit 2,The Broadfields Business centre Delling Lane Bosham West Sussex PO18 8NF

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Financial Statements for the Period Ended 31 December 2024

Connections

3. Financial Statements

3.1. Statement of Financial Activities (Including Income & Expenditure Account) – Year Ending 31 December 2024

2024 2023
Unrestricted Restricted Total Total
Funds Funds
Note £ £ £ £
Income from:
Donations and legacies 3 19,354 180 19,534 166,673
Charitable activities 4 219,323 160 219,483 245,953
Investments 5 10,361 0 10,361 3,047
Total income 249,038 340 249,378 415,673
Expenditure on:
Raising funds 7,088 0 7,088 6,195
Charitable activities 307,410 1,186 308,596 270,566
Total expenditure 6 314,498 1,186 315,684 276,761
Net income/(expenditure) 7 -65,460 -846 -66,306 138,912
Transfers between funds 0 0 0 -
Net movement in funds -65,460 -846 -66,306 138,912
Reconciliation of funds:
Total funds brought forward 362,629 6,978 369,607 230,695
Total funds carried forward 297,168 6,132 303,301 369,607

The Statement of Financial Activities includes all gains and losses recognised in the year.

All incoming resources and resources expended derive from continuing activities.

Full comparative figures for 2023 are show in Note 2.

The notes on pages 20 to 29 form part of these financial statements.

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Financial Statements for the Period Ended 31 December 2024

3.2. Balance Sheet (As At 31 December 2024)

2024 2023
Note Unrestricted Restricted Total Total
Funds Funds
£ £ £ £
FIXED ASSETS
Tangible assets 10 - - - -
CURRENT ASSETS
Debtors 11 10,401 - 10,401 5,508
Cash at bank and in hand 295,564 6,132 303,084 371,042
305,965 6,132 313,485 376,550
Creditors:
Amounts falling due within one
year 12 10,185 10,185 6,943
NET CURRENT ASSETS 295,781 6,132 303,300 369,607
TOTAL ASSETS LESS CURRENT
LIABILITIES **295,781 ** **6,132 ** 303,300 **369,607 **
Represented by:
UNRESTRICTED FUNDS 15
General funds 161,750 215,337
Designated funds 135,417 147,292
297,168 362,629
RESTRICTED FUNDS 16 6,132 6,978
TOTAL FUNDS 303,300 369,607

The notes on pages 20 to 29 form part of these financial statements.

Approved by the Board on 21/05/2025 and signed on their behalf by:

Mr Alan Tower (Chair):

Company limited by guarantee, Number 3886596

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Financial Statements for the Period Ended 31 December 2024

3.3. Notes To The Financial Statements For The Year Ending 31 December 2024

1 ACCOUNTING POLICIES

The financial statements have been prepared under the Companies Act 2006 and in accordance with the Charities Statement of Recommended Practice (Charities SORP (FRS 102)), Financial Reporting standard 102 (FRS102) and the Charities Act 2011. The particular accounting policies adopted are described below.

(a) Accounting convention

The financial statements have been prepared under the historical cost convention. The charity meets the definition of a public benefit entity under FRS 102.

(b) Depreciation

Depreciation is provided on tangible assets to write off their cost over their estimated useful lives at rates of 20% (furniture and equipment) and 33.3% (computers) on the straight line method, on a quarterly basis. Capitalisation threshold is £1,000 per separable item including irrecoverable VAT.

(c) Leasing

Costs in respect of operating leases are charged as lease payments are due.

(d) Stocks

Stock is included at the lower of cost or net realisable value.

(e) Fund accounting

Funds held by the charity are classified as one of:

Unrestricted general funds – These are funds which can be used in accordance with the charitable objects at the discretion of the trustees.

Designated funds – These are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects.

Restricted funds – These are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

(f) Pension costs

Pension costs are charged in the period in which they are payable to the scheme.

(g) Irrecoverable VAT

Irrecoverable VAT is included in the cost of the expense to which it relates.

(h) Income

All income is accounted for on a receivable basis. Income received for an event to take place in a future accounting period, whether fees or donations, is deferred to that accounting period and is held at the yearend as a liability.

(i) Legacies

Legacy income is accounted for when receivable. Legacies are regarded as receivable when the charity is notified of its legal entitlement; the amount due is quantifiable; and its ultimate receipt by the charity is probable.

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Financial Statements for the Period Ended 31 December 2024

(j) Donated services and facilities

Donated services and facilities are recognised as income and expenditure of the charity. Seconded staff time is valued at the cost of that time to the seconding agency. Donated meeting facilities are valued at the normal charge made for those facilities.

(k) Expenditure

Liabilities to pay expenses are accounted for when payable. Expenditure is accounted for on an accruals basis. Where categories of expenditure relate to more than one expenditure heading in the SOFA, these are allocated between headings on the basis of an estimate of staff time spent thereon.

(l) Cost of Generating Funds

This comprises 2.5% of all expenditure relating to staff, outside contractors, Office, property and Admin and reflects the proportion of these activities devoted to raising funds for the charity.

(m) Cost of activities in furtherance of the charity’s objects

This comprises all expenditure directly related to the objects of the charity.

(n) Governance costs

This comprises expenditure relating to compliance with constitutional and statutory requirements and other costs, which cannot be treated as cost of activities in furtherance of the charity’s objects. This comprises 3% of all expenditure relating to staff, outside contractors, Office, property and Admin and reflects the proportion of these activities devoted to governance, plus specific costs of the Independent Examiner and trustee expenses and meetings.

(o) Taxation

The company is a registered charity and is exempt from taxation on its charitable activities.

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Financial Statements for the Period Ended 31 December 2024

2 STATEMENT OF FINANCIAL ACTIVITIES - COMPARATIVE FIGURES FOR 2023

Unrestricted Restricted 2023 Total
Funds Funds
Note £ £ £
Income from:
Donations and legacies 3 166,538 135 166,673
Charitable activities 4 245,393 560 245,953
Investments 5 3,047 - 3,047
Total income 414,978 695 415,673
Expenditure on:
Raising funds 6,195 - 6,195
Charitable activities 264,868 5,698 270,566
Total expenditure 6 271,063 5,698 276,761
Net income/(expenditure) 7 143,915 -5,003 138,912
Transfers between funds - - -
Net movement in funds 143,915 -5,003 138,912
Reconciliation of funds:
Total funds brought forward 218,714 11,981 230,695
Total funds carried forward 362,629 6,978 369,607

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&) GlobalConnections

Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Financial Statements for the Period Ended 31 December 2024

Balance Sheet comparative figures for 2023:

2023
Note Unrestricted Restricted Total
Funds Funds
£ £ £
FIXED ASSETS
Tangible assets 10 - - -
CURRENT ASSETS
Debtors 11 5,508 - 5,508
Cash at bank and in hand 364,064 6,978 371,042
369,572 6,978 376,550
Creditors:
Amounts falling due within one
year 12 6,943 - 6,943
NET CURRENT ASSETS 362,629 6,978 369,607
TOTAL ASSETS LESS CURRENT
LIABILITIES 362,629 6,978 **369,607 **
Represented by:
UNRESTRICTED FUNDS 15
General funds 215,337
Designated funds 147,292
362,629
RESTRICTED FUNDS 16 6,978
TOTAL FUNDS 369,607

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Cj ConnectionsGlobal

Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Financial Statements for the Period Ended 31 December 2024

3 DONATIONS

DONATIONS
2024
Unrestricted Restricted Total
£ £ £
General Donations 8,221 8,221 180 8,401
Legacies 133 133 - 132
Trusts and Grants 11,000 11,000 - 11,000
19,354 19,354 180 19,534
Comparative figures for 2023: 2023
Unrestricted Unrestricted Restricted Total
£ £ £
General Donations 8,002 8,002 135 8,137
Legacies 147,536 147,536 - 147,536
Trusts and Grants 11,000 11,000 - 11,000
166,538 166,538 135 166,673
INCOME FROM CHARITABLE ACTIVITIES
2024
Unrestricted Restricted Total
£ £ £
Conferences and Events 17,650 17,650 17,650
Contributions from Members 161,275 161,275 160 160
161,435
Direct Charitable sales 37,135 37,135 37,135
Affinity schemes & miscellaneous
trading 3,263 3,263 3,263
219,323 219,323 160 160
219,483

Comparative figures for 2023:
2023
Unrestricted Restricted Total
£ £ £
Conferences and Events 14,121 14,121 - 14,121
Contributions from Members 160,825 160,825 560 560
161,385
Direct Charitable sales 65,835 65,835 - -
65,835
Affinity schemes & miscellaneous
trading 4,613 4,613 - 4,613
245,393 245,393 560 560
245,953

4 INCOME FROM CHARITABLE ACTIVITIES

Page 24 of 29

&) GlobalConnections

Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Financial Statements for the Period Ended 31 December 2024

5 INVESTMENT INCOME

2024
Unrestricted Restricted Total
£ £ £
Interest received on cash
balances 10,361 - 10,361
Comparative figures for 2023 2023
Unrestricted Restricted Total
£ £ £
3,047 - 3,047

6 TOTAL EXPENDITURE

TOTAL EXPENDITURE
Cost of
activities in
furtherance
Cost of of the
generating charity’s Governance 2024
funds objects Costs Total
£ £ £ £
Staff costs 5,779 218,448 6,935 231,162
Outsourced contractors 135 5,122 163 5,420
Office property,
administration, staff travel 1,174 44,371 1,409 46,953
Promotions and resources - 3,109 - 3,109
Conference and events - 22,052 - 22,052
Examination of accounts - - 989 989
Miscellaneous expenses - 3,108 2,890 5,998
7,088 296,210 12,385 315,684
Cost of
activities in
furtherance
Cost of of the
generating charity’s Governance 2023
Comparative figures for 2023 funds objects Costs Total
£ £ £ £
Staff costs 5,050 190,892 6,060 202,002
Outsourced contractors 144 5,447 173 5,764
Office property,
administration, staff travel 1,001 37,847 1,201 40,050
Promotions and resources - 10,940 - 10,940
Conference and events - 11,806 - 11,806
Examination of accounts - - 650 650
Miscellaneous expenses - 3,469 2,081 5,550
6,195 260,401 10,165 276,762

Page 25 of 29

&) GlobalConnections

Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Financial Statements for the Period Ended 31 December 2024

7 NET MOVEMENT IN FUNDS

NET MOVEMENT IN FUNDS
2024 2023
This is stated after charging: £ £
Lease of property 9,721 9,721
10,233
Lease of office equipment - 1,326
Examiner's fee 800 800
650

8 TRUSTEE AND EMPLOYEE INFORMATION

a) Employee information

2024 2023
The average number of staff employed during the year
was: 9 10
The average number of full-time equivalent
staff was:
6 6
Staff emoluments £ £
Salaries 198,999 175,309
Social security 11,796 8,839
Pension and life assurance costs 20,367 17,854
Training 1,861 -
233,023 202,002

Employee benefits to key management personnel for the year totalled £98,987 (2023: £89,925). There were no employees with emoluments above £60,000 in either the current or previous year.

b) Trustee information

No remuneration was paid to, or waived by, any trustee during the year (£NIL in 2023). Expenses of £1,111 for travel were reimbursed to four trustees during the year (£498 to four trustees in 2023).

9 PENSION SCHEME ARRANGEMENTS Defined contribution scheme

The charity’s staff belong to one of two defined contribution pension schemes. The schemes' assets are held separately from those of the charity in independently administered funds. The pension cost charge represents contributions payable to the funds, which amounted to £20,367 (2023: £17,854)

Page 26 of 29

C Connections

Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Financial Statements for the Period Ended 31 December 2024

10 TANGIBLE ASSETS
Computer Office Total Total
Fixed assets held for use by the charity equipment 2024 2023
Cost £ £ £ £
At 1stJanuary 2024 10,052 1,175 11,227 11,227
Additions - - - -
Disposals - - - -
As at 31st December 2024 10,052 1,175 11,227 11,227
Depreciation


At 1stJanuary 2024 10,052 1,175 11,227 11,227
Charge for the year - - - -
Released on disposal - - - -
As at 31st December 2024 10,052 1,175 11,227 11,227
Net book value


As at 31st December 2024 - - - -
As at 31st December 2023 -
-
-
-
~~eT~~

11 DEBTORS AND PREPAYMENTS

DEBTORS AND PREPAYMENTS
2024 2023
£ £
Debtors 2,273 2,273
1,427
Prepayments 8,128 8,128
4,081
10,401 10,401
5,508
12 CREDITORS
2024 2023
£ £
Taxation and social security 2,461 2,461
1,821
Trade Creditors - 1,033
Accrued expenses 4,494 4,494
1,220
Accrued holiday pay 128 128
76
Other Creditors - 2,793
7,083 6,943

Page 27 of 29

&) ConnectionsGlobal

Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Financial Statements for the Period Ended 31 December 2024

13 COMMITMENTS

The future minimum lease payments to which the organisation is committed under operating leases in the coming years are as follows:

2024 2023
Lease payments due: Total Total
Within one year: £ £
Land & buildings (inc. service
charges) 7,650 7,650
7,650
Other operating leases - -
Within two to five years:
Land & buildings - -
Other operating leases - -

Note: reduction in lease payments due within one year on Land & Buildings relates to a change in the nature of the office lease agreement with the landlord. Effective from 1st December 2023, service charges for electricity used are to be charged retrospectively quarterly basis, based on actual usage.

14 RELATED PARTY TRANSACTIONS

There were no individual related party transactions during the year which require disclosure (£NIL in 2023). Aggregate donations in the year without condition from trustees and key management personnel totalled zero.

15 UNRESTRICTED FUNDS

Balance Balance
at Movement in funds at
1st Jan 31st Dec
2024 Income Income
Expenditure
Transfers 2024
£ £ £ £ £
General Fund 215,337 247,651 215,337 247,651 215,337 247,651
302,624
- 160,364
Legacy Fund 147,292 - -11,875 - 135,417
362,629 247,651 362,629 247,651 362,629 247,651
290,749
- 295,781

Comparative figures for 2023:

Balance Balance
at Movement in funds at
1st Jan 31st Dec
2023 Income Income
Expenditure
Transfers 2023
£ £ £ £ £
General Fund 218,714 267,686 218,714 267,686 218,714 267,686
271,064
- 215,337
Legacy Fund - 147,292 - - 147,292
218,714 414 714 414,978 **271,064 ** - 362,629

Page 28 of 29

Cj ConnectionsGlobal

Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Financial Statements for the Period Ended 31 December 2024

16 RESTRICTED FUNDS

RESTRICTED FUNDS
Balance Movement in funds Balance
at 1st at 31st
January Income Expenditure Transfers Dec
2024 2024
£ £ £ £ £
Lausanne General 4,812 180 - - 4,992
Network Events 1,106 - 1,106 - -
Regional Reps 1,060 160 80 - 1,140
Total Restricted Funds 6,978 340 1,186 - **6,132 **

The Funds are maintained for the following purposes:

Lausanne General: Donations received for the work of Lausanne Committee for World Evangelisation.

Network Events: Mission promotion events organised cooperatively by member agencies. Staff ministry: Relates to monies given to support the ministry of Bryan and Marion Knell. Bryan is a former staff member.

H4M (Hope for Muslims): The fund comes from income of the 2015 UK tour event attendance, book sales and donations for ministry to Syrian refugees. The donations were distributed between seven member agencies of Global Connections who cooperated in presenting the tour events.

Regional Reps : This fund covers travel and other operating expenses of representative staff from various mission agencies working together under the banner of GC.

Balance Movement in funds Movement in funds Balance
at 1st at 31st
January Income Expenditure Transfers Dec
2023 2023
£ £ £ £ £
Lausanne General 4,677 135 - - 4,812
Network Events 1,326 - 220 - 1,106
Staff Ministry 334 - 334 - -
H4M (Hope for Muslims) 4,489 - 4,489 - -
Regional Reps 1,155 560 655 - 1,060
Total Restricted Funds **11,981 ** 695 5,698 - 6,978

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