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2022-08-31-accounts

Connect Church Maidstone

Report and Accounts Year ended 31 August 2022

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

CONNECT CHURCH MAIDSTONE

YEAR ENDED 31 AUGUST 2022

LEGAL & ADMINISTRATIVE DETAILS

ADDRESS FOR CORRESPONDENCE 1st Floor, MSCC Titchfield Road Maidstone Kent ME15 8FX GOVERNING DOCUMENT Trust Constitution adopted 12 March 2007 (as amended on 29 April 2019) CHARITY REGISTRATION NUMBER 1119213 TRUSTEES Leon Mileham Peter Farmer David Evans James Holland Jane Shankar BANKERS Royal Bank of Scotland, Maidstone Barclays Bank PLC, Kent INDEPENDENT EXAMINER Sarah Crispin ACA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB INDEX Page 1 Legal & Administrative Details Pages 2-4 Trustees' Report Page 5 Independent Examiner's Report Page 6 Receipts and Payments Account Page 7 Statement of Assets & Liabilities Pages 8-9 Notes to the Accounts

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1st Floor, MSCC Titchfield Road, Maidstone T 07757 129136 Kent ME16 8XY E

E office@connectchurchmaidstone.org.uk

Annual report for the year ending 31[st] August 2022

Registered Charity No. 1119213

Purpose

Organisation

Nationally a member of the Evangelical Alliance.

In the south east it is a member of Synergy Alliance.

Locally is a part of Maidstone Churches Together.

CCM has its own team of elders who meet on regular basis on church and charity matters.

CCM meet in a hired hall at the Maidstone Skills and Community Centre (MSCC), it also has a rented office at MSCC and occasionally uses other rented premises for its various activities.

Staffing

As of 31[st] August 2022 CCM has one full time employee, and three part time employees.

CCM does fund occupational pension scheme through the government’s workplace pension scheme, this started in November 2016.

All other work carried out on behalf of CCM is on a voluntary basis.

Activities during the year

Registered Office: 1st Floor, MSCC, Titchfield Road. Maidstone, Kent. ME15 8FX Registered Charity Number: 1119213

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1st Floor, MSCC Titchfield Road, Maidstone T 07757 129136 Kent ME16 8XY E office@connectchurchmaidstone.org.uk

In planning the activities the Elders/Trustees have had regard to the guidance issued by the Charities Commission on public benefit.

Financial Review

Financial Review
Incoming
resources		 £93,429
Expenditure £105,252
Surplus/(Deficit) £-11,824

Grants

CCM is committed to the aid of overseas Christian workers and supports Friends of Helper in Tanzania.

In Maidstone CCM regularly gives to local charities.

CCM also made gifts to CAP clients and to various members of its congregation.

Reserves

It is an agreed principle that at least three months cash reserves in hand should be kept in CCM’s current account. This is kept under periodic review. 3 months running costs are approximately £25,000, at the end of the financial year, there was approximately £,18,000 in general unrestricted cash reserves, with the Trustees able to reassign designated funds should the need occur.

When the COVID-19 pandemic started to impact the UK in March 2020, the Trustees immediately repurposed money from the designated building fund into a Financial Assistance Fund, and members of the church also contributed towards this fund. A number of grants have been paid to various individuals and families to support them financially since the fund started.

As with all other churches, the charity has been impacted by COVID-19. In early 2021, the Church started meeting again in person within government guidelines, the church continues operated online by live streaming weekly services. Cash flow has dropped off in 21/22, with fall in giving and an increase in rent payments. As a consequence, as at Aug 2022 the church held approximately £18,000 of unrestricted funds held for general purposes.

Registered Office: 1st Floor, MSCC, Titchfield Road. Maidstone, Kent. ME15 8FX Registered Charity Number: 1119213

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1st Floor, MSCC Titchfield Road, Maidstone T 07757 129136 Kent ME16 8XY E

E office@connectchurchmaidstone.org.uk

Risk Management

The Elders/Trustees of CCM meet on a regular basis and receive regular reports and financial statements detailing the opportunities and risks that CCM faces. This enables them to plan or curtail activities accordingly making judgements and estimates that are reasonable and prudent.

CCM has an operational Safeguarding Policy to ensure that children, young people, vulnerable adults and workers are protected at all times. This is kept under constant review.

Responsibilities of trustees

Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.

We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.

We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

Signed by,

Peter Farmer

Peter Farmer

Elder/Trustee, on behalf of all the Elders/Trustees of CCM.

Report dated 23 June 2023

Registered Office: 1st Floor, MSCC, Titchfield Road. Maidstone, Kent. ME15 8FX Registered Charity Number: 1119213

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INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

CONNECT CHURCH MAIDSTONE

I report to the trustees on my examination of the accounts of Connect Church Maidstone ('the charity') for the year ended 31 August 2022 on pages 6 to 9 following.

Responsibilities and basis of report

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

I report in respect of my examination of the charity’s accounts 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 2011 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 accordance with section 130 of the 2011 Act; or 2. the accounts do not accord with the accounting records.

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

Sarah Crispin ACA

Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

Date: 26 June 2023

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CONNECT CHURCH MAIDSTONE

RECEIPTS AND PAYMENTS ACCOUNT

YEAR ENDED 31 AUGUST 2022

Unrestricted Funds Unrestricted Funds
General Designated Restricted
Funds Funds Funds 2022 2021
Notes £ £ £ £ £
Income receipts
Donations 76,953 - 1,360 78,313 82,167
Government grants - - - - 1,221
Other grants - - - - 2,955
Gift aid receipts 14,455 - - 14,455 11,855
Income from charitable activities 168 - - 168 -
NIC refund from HMRC - - - - 11,197
Interest - 17 23 40 19
Other 403 - 50 453 483
Total receipts 91,979 17 1,433 93,429 109,897
Payments
Payments in furtherance of the church's objectives
Direct costs 2 103,232 - 2,020 105,252 92,414
Total payments 103,232 - 2,020 105,252 92,414
Net
of
receipts		 / (payments) before
transfers - 11,253 17 - 587 - 11,824
 17,482
Transfers between funds 4,292 - 4,292
 - - -
Net movement in funds - 6,961 - 4,275
 - 587 - 11,824
 17,482
Cash funds as at last year end 25,439 120,553 139,413 285,405 267,922
Cash funds at this year end A 18,478 116,277 138,826 273,581 285,405

The notes on pages 8 - 9 form part of these accounts.

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CONNECT CHURCH MAIDSTONE

STATEMENT OF ASSETS AND LIABILITIES

YEAR ENDED 31 AUGUST 2022

A
Cash funds
Cash at bank with immediate access
Notice deposits
B
Other monetary assets
Gift aid due to charity
C
Liabilities
Trade creditors
PAYE due
Accounts and Examination fee for 2020
Accounts and Examination fee for 2021
Accounts and Examination fee for 2022
Accrued charges		 General
Designated
funds
funds
£
£
18,478
116,277
-
-
18,478
116,277
1,011
-
1,011
-
90
-
760
-
-
-
-
-
1,170
-
-
-
2,020
-
Unrestricted Funds		 Restricted
funds
£
71,819
67,007
138,826
-
-
-
-
-
-
-
-
-		 2022
£
206,574
67,007
273,581
1,011
1,011
-
760
-
-
1,170
-
1,930		 2021
£
General
funds
£
18,478
-
18,478
1,011
1,011
90
760
-
-
1,170
-
2,020
218,429
66,976
285,405
4,337
4,337
-
676
1,170
1,110
-
2,233
5,189

All liabilities fall due for settlement within one year.

D
Assets retained for charity's own use
Music and PA equipment
Computers and IT		 Fund to
which asset
belongs
General
General		 Insurance
value
£
18,845
5,802
24,647

The trustees have used insurance values as an approximation for current values.

The accounts were approved by the trustees and signed on their behalf by:

Peter Farmer

Date: 23 June 2023

The notes on pages 8 - 9 form part of these accounts.

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CONNECT CHURCH MAIDSTONE

NOTES TO THE ACCOUNTS

YEAR ENDED 31 AUGUST 2022

1 Accounting policies

The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

Unrestricted Funds
General Designated Restricted Total Total
funds funds Funds 2022 2021
£ £ £ £ £
2 Direct costs
Employment costs (Note 4) 52,625 - - 52,625 50,219
Hall Hire 24,146 - - 24,146 17,424
Insurance & subscriptions 3,112 - - 3,112 3,048
Ministry expenses 920 - - 920 800
Equipment - - - - 2,657
General expenses 13,189 - 270 13,459 6,801
Grants, Gifts & Donations (see Note 3) 9,240 - 1,750 10,990 11,465
103,232 - 2,020 105,252 92,414
3 Grants, Gifts & Donations paid
Individuals:
Personal gifts / hardship payments - - 1,750 1,750 3,225
Overseas mission 2,000 - - 2,000 1,200
Institutions:
Friends of Helper 1,200 - - 1,200 2,000
Mission Aviation Fellowship (MAF) 5,540 - - 5,540 5,040
Other institutions <£500 500 - - 500 -
9,240 - 1,750 10,990 11,465

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CONNECT CHURCH MAIDSTONE

NOTES TO THE ACCOUNTS

YEAR ENDED 31 AUGUST 2022

4 Staff & Trustees

At the end of the year, the charity had one full time employee, and three part time employees.

Leon Mileham, a trustee, was paid £38,104 (2021: £36,750) plus employer pension contributions of £956 (2021: £915) in his capacity as Minister as permitted by the governing documents.

Donna Farmer, wife of a trustee, was paid £4,268 (2021: £1,778) in her role as a CAP Debt Counsellor.

Other than direct reimbursements of expenses made on behalf of the charity, no amounts were paid or are payable to any trustee or to any person connected to them.

5 Movement of Funds

Opening
Balance
£
Restricted funds
Building Fund
126,281
Financial Assistance Fund
7,998
CAP Client Gift Fund
2,180
Youth Activities Fund
2,955
Total Restricted
139,413
Unrestricted Funds
Designated funds
Financial Assistance Fund
29,710
Buildings Fund
87,352
Charity Fund
780
Care Fund
565
Little Steps
705
Outreach Fund
1,276
Women's Ministry Fund
164
120,552
General Funds
25,439
Total unrestricted
145,991
Total Funds
285,404		 Receipts
£
23
1,050
360
-
1,433
-
17
-
-
-
-
-
17
91,979
91,996
93,429		 Payments
£
-
(1,750)
(270)
-
(2,020)
-
-
-
-
-
-
-
-
(103,232)
(103,232)
(105,252)		 Transfers
£
-
-
-
-
-
-
(4,292)
-
-
-
-
-
4,292
-
4,292
-
-		 Closing
Balance
£
126,304
7,298
2,270
2,955
138,826
29,710
83,076
780
565
705
1,276
164
116,277
18,478
134,755
273,581

The transfer from the Designated Buildings Fund to General Funds was to maintain the Buildings Fund at the level as agreed by trustees.

The Building Fund (restricted) is money held for the future purchase of a building.

The Financial Assistance Fund (restricted) is money held to support those in financial hardship.

The CAP Client Gift Fund is money held for the specific needs of CAP clients.

The Youth Activities fund is money for the setup and running of a new Youth Club in the Senacre area of Maidstone.

The various designated funds are money set aside by trustees for or relating to particular projects or activities.

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