## ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
## Connections Trust
(A company limited by guarantee) Charity registration number: 1113099 Company registration number: 05698284
Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham, Chichester West Sussex PO18 8NF
## **CONNECTIONS TRUST**
## **CONTENTS**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 5|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Financial Statements|9 to 21|
## **CONNECTIONS TRUST**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Trustees**
Mr L Bent Mr A Omooba Mr D Wade Mr A Horswood
**Secretary** Mr A Horswood **Charity Registration** 1113099 **Number Company Registration** 05698284 **Number**
The charity is incorporated in England. **Registered Office** 93 Acre Lane Brixton London SW2 5TU **Independent Examiner** G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham, Chichester West Sussex PO18 8NF **Bankers** Yorkshire Bank Piccadilly Circus 35 Regent Street London SW1Y 4N
Page 1
## **CONNECTIONS TRUST**
## **TRUSTEES' REPORT**
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2022.
## **Objectives and activities**
## _**Objects and aims**_
The objects of the trust are to advance Christian religion and support missions, projects and workers overseas. Helping the poor and needy.
## _**Public benefit**_
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Achievements and performance**
## _**Review of activites**_
The work of Connections continues in the UK and overseas. During the year we have been unable to hold a European conference face to face but have held one on zoom. Churches in the UK, Europe and Africa have been helped both on zoom and by visits.
As part of Connections we have the Grace City Bible School as an offering and a good number of students from Connection churches have participated in the courses. The Directors of Connections are all on the board of the bible school and 3 of them are teachers.
We also have a prayer group called Heart of Prayer who have a UK meeting and also meeting in India and Poland.
A music teaching ministry regarding worship is also under our cover.
In June 2019 we had a major flood in the office which was the subject an insurance claim. It has taken a long time to totally clean the office and we are nearly finished on refurbishment. We expect to be able to rent out more of the office to help with our administration costs.
We are now able to do 95% of the administration remotely which is the key which has allowed us to continue our work especially the overseas transfers.
We are very pleased to report that we have been able to continue with full transfers overseas as a result of our income for overseas help remaining steady. We currently give to Guyana, Philippines, Uganda, Thailand, regularly and have also given to India.
All of these areas are doing well. The Philippines work is starting churches monthly and is strong on evangelism. The work in Guyana, which was once a very poor country has become more mature as the economy of the country has picked up dramatically.
We support children’s homes, pastors and workers, bible students, and a missionary.
Page 2
## **CONNECTIONS TRUST**
## **TRUSTEES' REPORT**
Our Investment Policy is such that we use current and deposit accounts only, not having enough finance to use other investment.
Reserve Policy. The Trustees policy is to cover all designated money.
Risk Policy. We have narrowed our risk by switching to a guaranteed rent on our flat.
We need to increase the giving to administration.
Accounts are reconciled monthly.
Another major risk factor is if money was not used for the designated purpose. Firm controls are in place in the UK and visits are made overseas to check the use of funds.
We have an equal opportunities policy in place and strongly believe that all are equal.
Connections would not exist or be able to help anyone if it was not for the wonderful donors and our thanks go to them.
## _Public Benefit_
Connections Trust works in the UK with churches and leaders plus feeding the hungry and homeless. We continue to send money for clinics and to work with those who cannot afford medicine. We support children’s homes in Uganda, Philippines, Guyana and India. We also support schools.
We help to advance the gospel through supporting workers in France, Thailand, India, Guyana, Philippines and Uganda. We believe in helping local people to achieve education and we help in Guyana, Philippines, Uganda and Thailand. In many of these countries we also help relieve poverty.
In the statements under Public Benefit we set points that clearly show that we are meeting our charitable objectives.
## **Financial review**
Income for the year amounted to £98,963 (2021: £126,798) and expenditure £92,409 (2021:99,266). The surplus was added to fund brought forward with general funds being £342,630 and restrcted funds £77,281 at the year end.
## _**Policy on reserves**_
The trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.
Page 3
## **CONNECTIONS TRUST**
## **TRUSTEES' REPORT**
## **Going concern**
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
## **Structure, governance and management**
## _**Nature of governing document**_
The company is constituted under a Memorandum of Association dated 6 February 2006 and is a registered charity number 1113099.
## _**Recruitment and appointment of trustees**_
The management of the company is the responsibility of the trustees who are elected and co-opted under the terms of the Articles of Association.
## _**Risk management**_
The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
Page 4
## **CONNECTIONS TRUST**
## **TRUSTEES' REPORT**
## **Statement of trustees' responsibilities**
The trustees (who are also the directors of Connections Trust for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can 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 safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Small companies provision statement**
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
The annual report was approved by the trustees of the charity on 23 January 2023 and signed on its behalf by:
......................................... Mr A Horswood Company secretary and trustee
Page 5
## **CONNECTIONS TRUST**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CONNECTIONS TRUST**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2022 which are set out on pages 7 to 21.
## **Responsibilities and basis of report**
As the charity’s trustees of Connections Trust (and also its directors 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 Connections Trust are not required to be audited 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 matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of Connections Trust as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection 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.
...................................... G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham, Chichester West Sussex PO18 8NF
23 January 2023
Page 6
## **CONNECTIONS TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022**
|**Note**
**Unrestricted**
**funds**
**£**
**Income and Endowments from:**
Donations and legacies
3
9,823
Charitable activities
4
14,270
Investment income
5
11
Other income
6
-
Total income
24,104
**Expenditure on:**
Charitable activities
7
16,690
Total expenditure
16,690
Net
income/(expenditure)
7,414
Transfers between
funds
861
Net movement in funds
8,275
**Reconciliation of funds**
Total funds brought
forward
334,355
Total funds carried
forward
14
342,630|**Restricted**
**funds**
**£**
74,535
150
-
174
74,859
75,719
75,719
(860)
(861)
(1,721)
79,002
77,281|**Total**
**2022**
**£**
84,358
14,420
11
174
98,963
92,409
92,409
6,554
-
6,554
413,357
419,911|**Total**
**2021**
**£**
87,674
14,805
18
24,301|
|---|---|---|---|
||||126,798|
||||99,266|
||||99,266|
||||27,532
-|
||||27,532
385,825|
||||413,357|
The notes on pages 9 to 21 form an integral part of these financial statements. Page 7
## **CONNECTIONS TRUST**
## **(REGISTRATION NUMBER: 05698284) BALANCE SHEET AS AT 31 MARCH 2022**
|**Note**
**Fixed assets**
Tangible assets
10
**Current assets**
Debtors
11
Cash at bank and in hand
**Creditors: Amounts falling due within one year**
12
**Net current assets**
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
**Unrestricted income funds**
Unrestricted funds
**Total funds**
14|**2022**
**£**
340,008
4,837
75,786
80,623
(720)
79,903
419,911
77,281
342,630
419,911|**2021**
**£**
340,012
10,175
64,520|
|---|---|---|
|||74,695
(1,350)|
|||73,345|
|||413,357|
|||79,002
334,355|
|||413,357|
For the financial year ending 31 March 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The financial statements on pages 7 to 21 were approved by the trustees, and authorised for issue on 23 January 2023 and signed on their behalf by:
......................................... Mr A Horswood Company secretary and trustee
The notes on pages 9 to 21 form an integral part of these financial statements. Page 8
## **CONNECTIONS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **1 Charity status**
The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
## **2 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.
## **Basis of preparation**
Connections Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
## **Income and endowments**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Page 9
## **CONNECTIONS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## _**Donations and legacies**_
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
## _**Gifts in kind**_
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
## _**Donated services and facilities**_
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
## _**Gift aid**_
Incoming resources from tax reclaims are included in the SOFA in the same financial period as the gift to which they relate.
## _**Interest receivable**_
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## _**Grant expenditure**_
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
Page 10
## **CONNECTIONS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £1,000 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
No depreciation is charged to freehold property as the property is maintained to such a standard that the estimated residual value is not less than cost.
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
|**Asset class**|**Depreciation method and rate**|
|---|---|
|Land and buildings|0%|
|Furniture and equipment|25% on cost|
## **Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Liabilities**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Page 11
## **CONNECTIONS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **Pensions and other post retirement obligations**
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
## **Financial instruments**
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Page 12
## **CONNECTIONS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **3 Income from donations and legacies**
|Donations and legacies;
Donations
Gift aid reclaimed|**Unrestricted**
**funds**
**General**
**£**
11,340
(1,517)
9,823|**Restricted**
**funds**
**£**
68,179
6,356
74,535|**Total**
**2022**
**£**
79,519
4,839
84,358|**Total**
**2021**
**£**
82,637
5,037|
|---|---|---|---|---|
|||||87,674|
## **4 Income from charitable activities**
|**Unrestricted**
**funds**
**General**
**£**
Conference and course
fees
-
Rental income
14,270
Sale of books and tapes
-
14,270
**5 Investment income**
Interest receivable and similar income;
Interest receivable on bank deposits
**6 Other income**
Reimbursements
Repayments
Insurance claims and sundry|**Restricted**
**funds**
**£**
120
-
30
150
**Unrestricted**
**funds**
**General**
**£**
11
**Restricted**
**funds**
**£**
-
-
174
174|**Total**
**2022**
**£**
120
14,270
30
14,420
**Total**
**2022**
**£**
11
**Total**
**2022**
**£**
-
-
174
174|**Total**
**2021**
**£**
264
14,340
201|
|---|---|---|---|
||||14,805|
||||**Total**
**2021**
**£**
18|
||||**Total**
**2021**
**£**
1,354
5,000
17,947|
||||24,301|
Page 13
## **CONNECTIONS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **7 Expenditure on charitable activities**
|**Note**
Overseas giving
Through gifts
Other giving
Hall hire and rent
Conferences and
courses
Subscriptions
Utilities
Insurance
Repairs and renewals
Telephone
Printing, post and
stationery
Professional fees
Bank charges
Reimbursements and
sundry
Independent
examination
Depreciation,
amortisation and
other similar costs
Staff costs
9|**Unrestricted**
**funds**
**General**
**£**
-
500
-
-
306
348
1,896
5,392
147
1,276
64
-
-
211
720
4
5,826
16,690|**Restricted**
**funds**
**£**
58,464
5,335
-
2,055
3,555
-
-
-
5,388
-
-
-
425
497
-
-
-
75,719|**Total**
**2022**
**£**
58,464
5,835
-
2,055
3,861
348
1,896
5,392
5,535
1,276
64
-
425
708
720
4
5,826
92,409|**Total**
**2021**
**£**
55,554
4,465
6,758
-
2,700
286
1,493
2,046
1,781
2,453
392
2,676
425
10,000
1,350
4
6,883|
|---|---|---|---|---|
|||||99,266|
## **8 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
Page 14
## **CONNECTIONS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **9 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries
Pension costs|**2022**
**£**
5,774
52
5,826|**2021**
**£**
6,839
44|
|---|---|---|
|||6,883|
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
|Staff
**10 Tangible fixed assets**
**Cost**
At 1 April 2021
At 31 March 2022
**Depreciation**
At 1 April 2021
Charge for the year
At 31 March 2022
**Net book value**
At 31 March 2022
At 31 March 2021
**11 Debtors**
Accrued income|**Land and**
**buildings**
**£**
340,000||**2022**
**No**
1
**Furniture**
**and**
**equipment**
**£**
7,004||**2021**
**No**
1|
|---|---|---|---|---|---|
||||||**Total**
**£**
347,004
347,004
6,992
4
6,996
340,008
340,012
**2021**
**£**
10,175|
||340,000||7,004|||
||-
-||6,992
4|||
||-||6,996|||
||340,000||8|||
||340,000||12|||
||||**2022**
**£**
4,837|||
Page 15
## **CONNECTIONS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **12 Creditors: amounts falling due within one year**
|Accruals|**2022**
**£**
720|**2021**
**£**
1,350|
|---|---|---|
## **13 Pension and other schemes**
## **Defined contribution pension scheme**
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £52 (2021 - £44).
## **14 Funds**
|**Unrestricted funds**
**_General_**
Administration
To be designated
Staff
General
**Restricted funds**
McAllister Support
Besom - Nigeria Clinic
School of Prophets
Distance Learning
OMTC
Euro Conferences
Love Fellowship
Foundation Fund
France
Guyana
FGF Workers spons
HRNI Childrens Home
Hallowed|**Balance**
**at 1 April**
**2021**
**£**
335,296
10,040
(10,981)
-
334,355
983
8
54
700
5,917
1,064
41
64
-
1,293
1,659
1,289|**Incoming**
**resources**
**£**
3,832
340
-
19,932
24,104
-
-
-
-
174
-
-
-
-
6,000
400
10,209
Page 16|**Resources**
**expended**
**£**
(3,344)
-
(5,826)
(7,520)
(16,690)
-
-
-
-
(497)
-
-
-
(540)
(14,726)
(1,900)
(5,610)|**Transfers**
**£**
10,000
(10,000)
2,500
(1,639)
861
-
-
-
-
-
-
-
-
540
8,544
1,800
-|**Balance**
**at 31**
**March**
**2022**
**£**
345,784
380
(14,307)
10,773|
|---|---|---|---|---|---|
||||||342,630|
||||||983
8
54
700
5,594
1,064
41
64
-
1,111
1,959
5,888|
## **CONNECTIONS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
||||||**Balance**|
|---|---|---|---|---|---|
||**Balance**||||**at 31**|
||**at 1 April**|**Incoming**|**Resources**||**March**|
||**2021**|**resources**|**expended**|**Transfers**|**2022**|
||**£**|**£**|**£**|**£**|**£**|
|HRNI Training Ctr|728|-|(2,040)|1,311|(1)|
|HRNI Teachers|-|-|(60)|60|-|
|ICLC|118|-|-|-|118|
|India - General|-|25|-|-|25|
|Designated Through||||||
|Gifts|6,513|250|(250)|-|6,513|
|Thru Gifts - Dave Plum|3,350|3,000|(2,900)|-|3,450|
|EEC- thru gifts|-|3,000|(150)|-|2,850|
|Guyana Through Gifts|-|250|(250)|-|-|
|Guyana Through Gifts||||||
|- E Lewis|634|1,075|(900)|-|809|
|Kenya|59|-|-|-|59|
|Philippines - Through||||||
|Gifts|1,992|240|(240)|-|1,992|
|SCC - Through Gifts|5,919|-|-|(5,919)|-|
|Thru Gifts - Zaida||||||
|Matus|1,265|5,990|(4,085)|-|3,170|
|Muriel Mohabir|641|1,800|-|(1,200)|1,241|
|Medical Fund|813|180|-|-|993|
|Maloney|2,266|300|-|-|2,566|
|Malawi|19|-|-|-|19|
|Maxco|17,439|12,000|(1,320)|(11,997)|16,122|
|Property Office & Flat|5,372|-|(5,372)|-|-|
|Philippines - Jayne||||||
|Calderley|133|20|-|-|153|
|Philippines - Gatas|2,123|2,985|(3,840)|-|1,268|
|Philippines School of||||||
|Min|150|-|(900)|900|150|
|Philippines - Apostles/||||||
|neediest Pastor|310|3,720|(3,600)|-|430|
|Philippines - Neediest||||||
|Pastors|1,344|2,400|(3,000)|600|1,344|
|Philippines||||||
|Sponsorship|2,437|3,600|(7,500)|3,900|2,437|
|N Robinson gaid 4 O||||||
|Simbran|9,210|1,500|-|-|10,710|
|Russia|101|-|-|-|101|
|Surinam|24|-|-|-|24|
Page 17
## **CONNECTIONS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
|Uganda E Sunday
Venezuela
Women in Min & L'ship
Network
Worship Lifestyle
School
Hands of Jesus sales/
sponsor
Rounding & Exchange
Differences
**Total restricted funds**
**Total funds**|**Balance**
**at 1 April**
**2021**
**£**
769
6
488
17
1,674
16
79,002
413,357|**Incoming**
**resources**
**£**
15,711
-
-
-
30
-
74,859
98,963|**Resources**
**expended**
**£**
(16,023)
-
-
-
-
(16)
(75,719)
(92,409)|**Transfers**
**£**
600
-
-
-
-
-
(861)
-|**Balance**
**at 31**
**March**
**2022**
**£**
1,057
6
488
17
1,704
-|
|---|---|---|---|---|---|
||||||77,281|
||||||419,911|
The transfers between restricted funds have been made with permission by the donors to use funds for certain projects as needed.
|**Unrestricted funds**
**_General_**
Administration
To be designated
Staff
**Restricted**
McAllister Support
Besom - Nigeria Clinic
School of Prophets
Distance Learning
OMTC
Euro Conferences
Love Fellowship
Foundation Fund|**Balance**
**at 1 April**
**2020**
**£**
327,893
-
(14,098)
313,795
983
8
54
700
7,188
1,064
41|**Incoming**
**resources**
**£**
2,028
10,380
-
12,408
-
-
-
-
297
-
-|**Resources**
**expended**
**£**
(4,625)
-
(6,883)
(11,508)
-
-
-
-
(1,140)
-
-|**Transfers**
**£**
10,000
(340)
10,000
19,660
-
-
-
-
(428)
-
-|**Balance**
**at 31**
**March**
**2021**
**£**
335,296
10,040
(10,981)|
|---|---|---|---|---|---|
||||||334,355|
||||||983
8
54
700
5,917
1,064
41|
Page 18
## **CONNECTIONS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
||||||**Balance**|
|---|---|---|---|---|---|
||**Balance**||||**at 31**|
||**at 1 April**|**Incoming**|**Resources**||**March**|
||**2020**|**resources**|**expended**|**Transfers**|**2021**|
||**£**|**£**|**£**|**£**|**£**|
|Fundraising|(1,000)|-|-|1,000|-|
|France|64|-|-|-|64|
|Guyana|(215)|-|(540)|755|-|
|FGF Workers spons|1,635|6,070|(14,956)|8,544|1,293|
|HRNI Childrens Home|1,359|400|(1,900)|1,800|1,659|
|Hallowed|(955)|8,163|(5,919)|-|1,289|
|HRNI Training Ctr|323|2,145|(2,040)|300|728|
|HRNI Teachers|-|-|(60)|60|-|
|ICLC|118|-|-|-|118|
|India - General|-|195|(195)|-|-|
|Designated Through||||||
|Gifts|513|6,250|(250)|-|6,513|
|Thru Gifts - Dave Plum|2,750|2,500|(1,900)|-|3,350|
|Guyana Through Gifts|-|600|(600)|-|-|
|Guyana Through Gifts||||||
|- E Lewis|-|900|(750)|484|634|
|Kenya|59|-|-|-|59|
|Philippines - Through||||||
|Gifts|2,092|1,240|(1,340)|-|1,992|
|SCC - Through Gifts|11,212|11,000|(10,000)|(6,293)|5,919|
|EEC - Through Gifts|1,265|-|-|(1,265)|-|
|Thru Gifts - Zaida||||||
|Matus|335|4,950|(4,020)|-|1,265|
|Muriel Mohabir|241|1,800|-|(1,400)|641|
|Medical Fund|633|180|-|-|813|
|Maloney|1,966|300|-|-|2,266|
|Malawi|19|-|-|-|19|
|Malawi - Enid Lewis|484|-|-|(484)|-|
|Maxco|23,010|6,000|(1,445)|(10,126)|17,439|
|Network UK|(429)|-|-|429|-|
|Property Office & Flat|-|32,106|(5,319)|(21,415)|5,372|
|Philippines - Jayne||||||
|Calderley|113|20|-|-|133|
|Philippines - Gatas|1,583|4,380|(3,840)|-|2,123|
|Philippines School of||||||
|Min|150|-|(900)|900|150|
Page 19
## **CONNECTIONS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
|Philippines - Apostles/
neediest Pastor
Philippines - Neediest
Pastors
Philippines
Sponsorship
N Robinson gaid 4 O
Simbran
Russia
Surinam
Uganda E Sunday
Venezuela
Women in Min & L'ship
Network
Worship Lifestyle
School
Hands of Jesus sales/
sponsor
Rounding & Exchange
Differences
**Total restricted funds**
**Total funds**|**Balance**
**at 1 April**
**2020**
**£**
190
1,144
2,072
8,460
101
24
710
6
488
17
1,639
(184)
72,030
385,825|**Incoming**
**resources**
**£**
3,720
2,400
3,560
750
-
-
14,261
-
-
-
201
2
114,390
126,798|**Resources**
**expended**
**£**
(3,600)
(3,800)
(8,175)
-
-
-
(14,902)
-
-
-
(166)
(1)
(87,758)
(99,266)|**Transfers**
**£**
-
1,600
4,980
-
-
-
700
-
-
-
-
199
(19,660)
-|**Balance**
**at 31**
**March**
**2021**
**£**
310
1,344
2,437
9,210
101
24
769
6
488
17
1,674
16|
|---|---|---|---|---|---|
||||||79,002|
||||||413,357|
Page 20
## **CONNECTIONS TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **15 Analysis of net assets between funds**
|Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
340,008
3,342
(720)
342,630
**Unrestricted**
**funds**
**General**
**£**
340,012
4,693
(1,350)
343,355|**Restricted**
**funds**
**£**
-
77,281
-
77,281
**Restricted**
**funds**
**£**
-
79,002
-
79,002|**Total funds**
**at 31**
**March**
**2022**
**£**
340,008
80,623
(720)|
|---|---|---|---|
||||419,911|
||||**Total funds**
**at 31**
**March**
**2021**
**£**
340,012
83,695
(1,350)|
||||422,357|
Page 21