2024-03-31-accounts

CHARITY REGISTRATION NUMBER: 1111840

The Connection Church Unaudited Financial Statements

31 March 2024

HASWELL BROTHERS LLP

Chartered accountants First Floor Pembroke House Ellice Way Wrexham Technology Park Wrexham LL13 7YT

The Connection Church

Financial Statements

Year ended 31 March 2024

	Page
Trustees' annual report	1
Independent examiner's report to the trustees	6
Statement of financial activities	7
Statement of financial position	8
Statement of cash flows	9
Notes to the financial statements	10

The Connection Church

Trustees' Annual Report

Year ended 31 March 2024

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2024.

Reference and administrative details

Registered charity name The Connection Church Charity registration number 1111840 Principal office 33 Stones Manor Lane Hartford Northwich CW8 1NU The trustees Mr A Crawford Mr S Ranftler Mr M Moore Independent examiner Mr P T Harris FCA First Floor Pembroke House Ellice Way Wrexham Technology Park Wrexham LL13 7YT

Structure, governance and management

There have been no changes to the Structure, Governance and Management, since the last annual report.

a) The nature of the governing document is a 'Trust Deed', in compliance with the Charities Act 1993.

b) The Connection Church is a registered Charity. Charity Number 1111840.

c) The Connection Church has been resolved to constitute a Trust in accordance with the rule stipulated by the Charities Commission of England and Wales, for the furtherance of the religious and other charitable activities of the Church Fellowship in accordance with the charitable objectives stated in the Deed.

d) Appointment of Trustees: A New Trustee may be appointed by a resolution of the Trustees passed at a meeting of the Trustees at which there is a majority of the Trustees present and such resolution shall be recorded in the minutes and signed by the new Trustee and by the Chairman of the meeting and such records shall be conclusive evidence of his appointment.(see copy of the Declaration of Trust)

1

The Connection Church

Trustees' Annual Report (continued)

Year ended 31 March 2024

Objectives and activities

The following is a summary of the purpose of the charity as set out in the governing document. The objectives of the Trust are:-

a) To advance the Christian Faith in accordance with the Statement of Beliefs appearing in the schedule, and in particular in the Greater Northwich and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit.

b) To relieve persons who are in condition of need or hardship or who are aged or sick and to relieve the distress caused thereby in the said Greater Northwich and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit.

c) The advance of Christian Education in the understanding of the Bible.

d) To promote and fulfil such other charitable purposes beneficial to the community in the said Greater Northwich and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit.

2

The Connection Church

Trustees' Annual Report (continued)

Year ended 31 March 2024

Achievements and performance

Achievement report for 2023-2024

The year 2023-2024 was a busy year of outreach into the community. As a charity we have been active in the community and seen growth in the number of people who attend the Church. We have seen a new wave of volunteers in different areas, which has seen a positive impact in the community through the lives of those that have been touched by the activities of the charity.

A challenge continues to be the availability of a permanent venue to use as a base from which to run our meetings and operate our community work. Having said that we were offered the Barnton Primary School Hall to hold our Sunday Services, this has also enabled us to have greater involvement into the school and community.

This is a brief overview of what we as The Connection Church have undertaken, and continue to be involved in.

Overview of accomplishments and current ongoing involvement:

As a Church we continue to place an emphasis on leadership development, personal growth and discipleship through the training, equipping and establishment of exciting new Connect Groups (small group meeting). This incorporates all areas of community, including both young and old as well as the vulnerable.

• We continued with our "Churches Together" an initiative with another local Church, The Stronghold Church. Together we partner and work on numerous joint outreach projects in the community and every couple of months hold combine Sunday services in a local School Theatre. These have proved very fruitful and beneficial to the community and bringing the churches together.

• In April we ran an Easter Festival for the local Community. Between the Churches we hired a 400 seater Tent, and for a week, during the day we held a holiday club for the local community children and ran a non-profit pop up café. In the afternoon and evenings we held live music events and a Gospel Presentation with Drama and Preaching. This was well received and attended by the Local Community. Funding from this was administered by The Stronghold Church. Funds from our Ministry Account were used to support this event, as well as equipment and volunteers.

• Following the Easter Feast, we ran a 12 week Alpha course and a "Follow One" course for those who had made commitments to faith in Jesus and wanting to explore the bible and grow in their faith.

• During the year we had various speakers giving training, input and leadership development into the church. We were able to invite speakers from different partnering churches both nationally and internationally, the costs of hosting was covered by the church Ministry Fund.

• We continued to support a missionary couple in Kyrgyzstan, with the funding and support they received they were able to further develop their community vegetable garden and start a selfsustaining Eco Tourism Business, in time this will help them become economically selfsufficient. The community playground which was constructed continues to bring great joy to the local children. We use our local Church Ministry Fund to support them.

• As a Church we partner with Every Nation, an International Church Planting and Discipleship movement and family of Churches. In April we were able to send our Pastor and his wife to the Every Nation Leaders conference held in Manchester.

3

The Connection Church

Trustees' Annual Report (continued)

Year ended 31 March 2024

• We continued with our online Theological Training Bible School with Every Nation, which aims towards a Certificate or Degree in Theology. It's been exciting to see the growth in our students. Our students have done well in their progress.

• This year we were able to send a team to St Austell, South Coast Church, to run their Men's Camp. Reports from the local Church have been profound and encouraging. The Church used money from the Missions Fund to help sponsor the trip and cover costs.

• A team was also sent to Crawley and Edinburgh to do Church Leadership Training held by NCMI (New Covenant Ministries International).

• Other activities this year to name a few. We hosted a Marriage Course, which was hugely successful, this cost was partly covered by the Ministry Fund. We also ran 2 Men's and 1 Women's events and a Victory Weekend, much needed in the community. We have been asked to continue with this next year. Costs were covered by donations, the balance covered by the church enabled us to put on these events.

• Our goals and activities for 2023/2024 are much the same as last year. That is to increase our influence in helping all people to be more effective in their role in society, be that in the workplace, in school or collages and at homes. We aim to expand our involved with the youth in the local community, and exciting opportunities have opened for us to do that next year. Much of our volunteering has been geared around helping the community.

• We continue to run several Connect Groups, these are discipleship groups, where equipping, empowering and mentoring takes place, increasing our reach, impact, influence and support in the community.

• Much of our resources come from donations and gifts, this must cover the rental of space, as well as the funding of the work into our various projects. Much fiscal wisdom must be exercised over the limited resources for their use and distribution.

Our long-term goal, is to provide a facility for the greater community to meet in. This meeting space would need to be a friendly and inviting place and open to the community at large, seven days a week. The venue would include a coffee shop, work space / counselling room's, conference facility, youth facility, as well as provision for mothers with infants to interact, socialize and receive guidance and support as well as a venue where home schoolers can facilitate educational group activities.

We currently use the Barnton School Hall on weekends and occasional use the Stronghold Church facility for midweek evening meetings.

Our Mission as a church is to be able to preach the Gospel of Jesus Christ and through this Gospel of Grace to allow love and forgiveness to impact and influence all areas of our community.

Financial review

Reserves Policy

The Charity's financial year runs concurrently with the financial year end as set by HMRC. The Charity has a deficit of £4,815 as shown in the statement of Financial Activities on page 7 of the accounts.

It is the policy of the charity that unrestricted funds which have not been designated for specific use should be maintained at a minimum level equivalent to three months expenditure, although the trustees are hoping to build the charity funds to a substantial level.

4

The Connection Church

Trustees' Annual Report (continued)

Year ended 31 March 2024

The trustees' annual report was approved on 29 January 2025 and signed on behalf of the board of trustees by:

Mr A Crawford Mr S Ranftler Trustee Trustee

5

The Connection Church

Independent Examiner's Report to the Trustees of The Connection Church

Year ended 31 March 2024

I report to the trustees on my examination of the financial statements of The Connection Church ('the charity') for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr P T Harris FCA Independent Examiner

First Floor Pembroke House Ellice Way Wrexham Technology Park Wrexham LL13 7YT

6

The Connection Church

Statement of Financial Activities

Year ended 31 March 2024

			2024		2023
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	4	56,576	500	57,076	61,653
Investment income	5	10	–	10	2
					
Total income		56,586	500	57,086	61,655
					
Expenditure
Expenditure on charitable activities	6,7	61,901	–	61,901	65,158
					
Total expenditure		61,901	–	61,901	65,158
					
					
Net expenditure and net movement	in
funds		(5,315)	500	(4,815)	(3,503)
					
Reconciliation of funds
Total funds brought forward		24,278	5,450	29,728	33,231
					
Total funds carried forward		18,963	5,950	24,913	29,728
					

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

The notes on pages 10 to 18 form part of these financial statements.

7

The Connection Church

Statement of Financial Position

31 March 2024

		2024		2023
	Note	£	£	£	£
Fixed assets
Tangible fixed assets	13		2,947		3,523
Current assets
Debtors	14	3,045		4,437
Cash at bank and in hand		20,053		22,921
				
		23,098		27,358
Creditors: amounts falling due
within one year	15	1,132		1,153
				
Net current assets			21,966		26,205
					
Total assets less current liabilities			24,913		29,728
					
Net assets			24,913		29,728
					
Funds of the charity
Restricted funds			5,950		5,450
Unrestricted funds			18,963		24,278
					
Total charity funds	17		24,913 		29,728 

These financial statements were approved by the board of trustees and authorised for issue on 29 January 2025, and are signed on behalf of the board by:

Mr A Crawford Mr S Ranftler Trustee Trustee

The notes on pages 10 to 18 form part of these financial statements.

8

The Connection Church

Statement of Cash Flows

Year ended 31 March 2024

	2024	2023
	£	£
Cash flows from operating activities
Net expenditure	(4,815)	(3,503)
Adjustments for:
Depreciation of tangible fixed assets	1,098	1,185
Other interest receivable and similar income	(10)	(2)
Accrued (income)/expenses	(138)	8
Changes in:
Trade and other debtors	1,392	(609)
Trade and other creditors	117	–
		
Cash generated from operations	(2,356)	(2,921)
Interest received	10	2
		
Net cash used in operating activities	(2,346)	(2,919)
		
Cash flows from investing activities
Purchase of tangible assets	(1,571)	(1,204)
Proceeds from sale of tangible assets	1,049	–
		
Net cash used in investing activities	(522)	(1,204)
		
Net decrease in cash and cash equivalents	(2,868)	(4,123)
Cash and cash equivalents at beginning of year	22,921	27,044
		
Cash and cash equivalents at end of year	20,053 	22,921 

The notes on pages 10 to 18 form part of these financial statements.

9

The Connection Church

Notes to the Financial Statements

Year ended 31 March 2024

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 33 Stones Manor Lane, Hartford, Northwich, CW8 1NU.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

10

The Connection Church

Notes to the Financial Statements (continued)

Year ended 31 March 2024

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt is probable and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

• expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

11

Notes to the Financial Statements (continued)

The Connection Church

Year ended 31 March 2024

3. Accounting policies (continued)

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings - 25% straight line Equipment - 25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

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The Connection Church

Notes to the Financial Statements (continued)

Year ended 31 March 2024

3. Accounting policies (continued)

Financial instruments (continued)

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Donations and legacies

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2024
	£	£	£
Donations
Donations	56,576	500	57,076
			

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The Connection Church

Notes to the Financial Statements (continued)

Year ended 31 March 2024

4. Donations and legacies (continued)

			Unrestricted	Restricted	Total Funds
			Funds	Funds	2023
			£	£	£
	Donations
	Donations		61,653	–	61,653
					
5.	Investment income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2024	Funds	2023
		£	£	£	£
	Bank interest receivable	10	10	2	2
					
6.	Expenditure on charitable activities	by fund type
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2024	Funds	2023
		£	£	£	£
	Advancement of the christian faith	16,244	16,244	15,454	15,454
	Support costs	45,657	45,657	49,704	49,704
					
		61,901	61,901	65,158	65,158
					
7.	Expenditure on charitable activities	by activity type
		Activities
		undertaken		Total funds	Total fund
		directly	Support costs	2024	2023
		£	£	£	£
	Advancement of the christian faith	16,244	45,657	61,901	65,158
					
8.	Analysis of support costs
			Advancement
			of the
			christian faith	Total 2024	Total 2023
			£	£	£
	Staff costs		37,080	37,080	38,743
	General office		2,559	2,559	2,797
	Governance costs		1,335	1,335	1,257
	Depreciation		1,097	1,097	1,188
	Travel costs		3,586	3,586	5,721
					
			45,657	45,657	49,706
					

14

The Connection Church

Notes to the Financial Statements (continued)

Year ended 31 March 2024

9. Net expenditure

Net expenditure is stated after charging/(crediting):

Net expenditure is stated after charging/(crediting):
	2024	2023
	£	£
Depreciation of tangible fixed assets	1,098	1,184
Operating lease rentals	779	265
		
Independent examination fees
	2024	2023
	£	£
Fees payable to the independent examiner for:
Independent examination of the financial statements	864 	823 

10. Independent examination fees

11. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

	2024	2023
	£	£
Wages and salaries	35,999	37,663
Employer contributions to pension plans	1,080	1,080
		
	37,079	38,743
		

The average head count of employees during the year was 1 (2023: 1).

No employee received employee benefits of more than £60,000 during the year (2023: Nil).

12. Trustee remuneration and expenses

During the year Mr A Crawford was paid a gross salary of £36,000 (2023 - £36,000) and employer pension contributions of £1,080 (2023 - £1,080) were made on his behalf.

During the year the trustees were reimbursed for purchases made on behalf of the charity totalling £2,665 (2023 - £3,704). No other payments were made to trustees.

15

The Connection Church

Notes to the Financial Statements (continued)

Year ended 31 March 2024

13. Tangible fixed assets

		Fixtures and
		fittings	Equipment	Total
		£	£	£
	Cost
	At 1 April 2023	2,383	3,536	5,919
	Additions	–	1,571	1,571
	Disposals	–	(1,499)	(1,499)
				
	At 31 March 2024	2,383	3,608	5,991
				
	Depreciation
	At 1 April 2023	1,500	896	2,396
	Charge for the year	361	737	1,098
	Disposals	–	(450)	(450)
				
	At 31 March 2024	1,861	1,183	3,044
				
	Carrying amount
	At 31 March 2024	522	2,425	2,947
				
	At 31 March 2023	883	2,640	3,523
				
14.	Debtors
			2024	2023
			£	£
	Prepayments and accrued income		399	386
	Other debtors		2,646	4,051
				
			3,045	4,437
				
15.	Creditors: amounts falling due within one year
			2024	2023
			£	£
	Accruals and deferred income		1,015	1,153
	Other creditors		117	–
				
			1,132	1,153
				

16. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,080 (2023: £1,080).

16

The Connection Church

Notes to the Financial Statements (continued)

Year ended 31 March 2024

17. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
						At
		At			31	March 202
	1	April 2023	Income	Expenditure	Transfers	4
		£	£	£	£	£
General funds		11,303	56,586	(61,901)	178	6,166
Building fund		11,558	–	–	–	11,558
Ministry fund		1,417	–	–	(178)	1,239
						
		24,278	56,586	(61,901)	–	18,963
						
						At
		At			31	March 202
	1	April 2022	Income	Expenditure	Transfers	3
		£	£	£	£	£
General funds		14,098	61,655	(65,158)	708	11,303
Building fund		12,762	–	–	(1,204)	11,558
Ministry fund		921	–	–	496	1,417
						
		27,781	61,655	(65,158)	–	24,278
						

The general reserves are the free funds of the charity which are not designated for particular purposes.

Designated Funds

The building fund holds designated funds for monies that will be used to purchase or lease a building in the future.

The ministry fund holds designated fund for monies that are for supporting overseas Missionaries and outreach activities both in the UK and internationally.

Restricted funds

Restricted funds
					At
	At				31 March 202
	1 April 2023	Income	Expenditure	Transfers	4
	£	£	£	£	£
Building Fund	5,450	–	–	–	5,450
Missionaries in
Kyrgyzstan	–	500	–	–	500
					
	5,450	500	–	–	5,950
					
					At
	At				31 March 202
	1 April 2022	Income	Expenditure	Transfers	3
	£	£	£	£	£
Building Fund	5,450	–	–	–	5,450
Missionaries in
Kyrgyzstan	–	–	–	–	–
					
	5,450	–	–	–	5,450
					

17

Notes to the Financial Statements (continued)

The Connection Church

Year ended 31 March 2024

17. Analysis of charitable funds (continued)

The building fund holds restricted fund where monies have been given for the specific purpose of purchasing or leasing a building in the future.

The Missionaries in Kyrgyzstan fund holds monies given for the specific purpose of supporting Missionaries in Kyrgyzstan.

18. Analysis of net assets between funds

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2024
	£	£	£
Tangible fixed assets	2,947	–	2,947
Current assets	17,148	5,950	23,098
Creditors less than 1 year	(1,132)	–	(1,132)
			
Net assets	18,963	5,950	24,913
			
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2023
	£	£	£
Tangible fixed assets	3,523	–	3,523
Current assets	21,908	5,450	27,358
Creditors less than 1 year	(1,153)	–	(1,153)
			
Net assets	24,278	5,450	29,728
			
Analysis of changes in net debt
			At
	At 1 Apr 2023	Cash flows	31 Mar 2024
	£	£	£
Cash at bank and in hand	22,921 	(2,868) 	20,053 

19. Analysis of changes in net debt

20. Related parties

During the year the trustees donated a total amount of £9,688 (2023 - £6,813)to the charity.

18