.r q( k,p,Irqnd connect church Fnqnciq YEAR ENDED 31ST MARCH 2023 Connect Church UK Trinity@Birmingham 150 Coventry Road. Small Heath 810 OSE. 0121766 7600 Registered Charity no. 1133824 Company No. 07003576
CONNECT CHURCH UK Trustees, Annual Report and Financial Statements For the year ended 31 March 2023 Contents Page Legal and Administrative Information Trustees, Annual Report Independent Auditors Report 15 Statement of Financial Activities 16 Statement of Financial Position 17 Statement of Cash Flows 18 Notes to the Financial Statements 19
Connect�Church�UK�(CCUK)�was�founded�by�a�small�group�of�‘Brummies’�during�the�2nd�World�War�in�
Chair of trustees Appointed 25/06/2023 Appointed 25/06/2023 Appointed 05/06/2022 Appointed 05/06/2022 Company Secretary Resigned 17/07/2022 Senior Minister Executive Minister
Legal and Administrative Information Committee Members Management Team Tracee McAtear Trustee Valerie Danelczyk Matthew Hopley Yvettejohn Trustee Staff member Congregation Bankers Lloyds Bank, 9-11 Poplar Rd, Solihull B913AN. The Charity Bank Ltd, Fosse House, 182 High St, Tonbridge. Kent. TN9 IBE. Big Issue Invest, 113-115 Fonthill Road. Finsbury Park, London N4 3HH. Independent Examiner Nigel Wyatt BSC FCA Wyatt & Co Chartered Accountants 125 Main Street Garforth Leeds LS25 IAF Solicitor Anthony Collins 134 Edmund Street Birmingham B3 2ES
Trustees’�Annual�Report�(Including�Directors’�Report)�
Connect�Church�UK’s purposes�as�set�out�in�the�objects�contained�in�the�company’s�
WHAT WE DO- OVERVIEW All the activities and organisational strurture of CCUK fit into the pattern: that we would connect with God in personal worship,. that we would connert to a community of people in relationship and love- that we would connect to our purpose through serving; which is all facilitated by effective, efficient, and ethical management. This pattern will be accomplished through providing the following public benefits: Worship Regular public worship open to all. Each week we have hosted a Sunday service simultaneously in-person and online. Love People are encouraged to build relationships and community through a variety of small groups offered in locations across the city. The small groups are formed based on: geographical location, generation, gender, general interest or personal growth. Pastoral work including supporting the sick and bereaved facilitated by clergy, staff and lay members. Setve to support other charities in Birmingham in practical ways. to engage with our local cornmunity to encourage better relationships amongst our neighbours. to partner with similar churches/ch3rities abroad to learn from and support their works. The five goals that Connect Church UK set out to achieve in 202212023 were: l. Game Changing Worship- Creating our Expression; 2. Game Changing Love - Growing our Relationships- 3. Game Changing Serving- Reaching our Community: 4. Game Changing Management- Stewarding what we have been given; 5. Game Changing location- Moving into our New Building.
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Father’s�Day
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In�May�2022,�the�theme�for�the�Sunday�Services�was�‘Game Changing�Relationships’�and�
“The�topics�that�have�been�covered�on�Sundays,�in�particular�the�topic�on�'Relationships'.�These� topics are well delivered and engaging. I have been inspired to look at my relationships with others and how God wants us to live our lives in relation to others.”
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Samaritan’s�Purse,�Open�Doors,�Compassion,�
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There�will�be�a�renewed�emphasis�on�Christian�Discipleship�and�the�training�up�of�‘Spiritual� Parents’�and�Connect�(Small)�Group�leaders�to�connect�and�disciple�people�into�
creditors.��The�Trustees�aim�to�hold�sufficient�“free”�reserves�(equivalent�to�cash�and�liquid�assets)�to� cover�at�least�three�months’�expenditure.��Free�reserves�at�31�March�202
Although�Connect�Church�UK�is�an�autonomous�charity,�since�the�church’s�commencement�in�1940�it�
‘managers’�in the�activities�of�the�charity�are�deemed�to�be�‘fit�and�proper’�persons�under�the�terms�of�
Trustee’s�Responsibilities
All�Trustees�are�aware�of�the�Charity�Commission’s�guidance�on�public�benefit�in�their�publication�‘The� Advancement�of�Religion�for�Public�Benefit’�and�have�regard�to�it�in�their�administration�and�activities�
Connect�Church�UK�recognises�that�in�relation�to�‘Risk�Assessment’,�risk�is�defined�as�‘the�threat�of�any� action�or�event�which�will�adversely�affect�an�organization’s�ability�to�achieve�its�objectives�and�execute� its�strategies’.��It�also�accepts�that�the term�‘risk’�can�include�any�circumstances�that�may,�or�do,�have� an�adverse�effect,�and�is�wider�than�financial�matters.��‘Risks’�relate�not�only�to�the�negative�
complied�with�to�the�best�of�the�church’s�ability.��The�Trustees�are�aware�of�their�responsibilities�in�
The�Trustees’�appointed�officer�for�this�is�Louison�
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Statement of responsibilities of the Trustees CCUK Board of Trustees is responsible for preparing the Annual report and financial statements in accordance with applicable law and United Kingdom generally accepted accounting practice. Charity law requires the trustees to prepare a statement of financial activities and statement of assets and liabilities for each financial year. which gives a true and fair view of the state of affairs of the church and of its financial activities for that year and adequately distinguishes any material special trust or other restrirted fund of the church. In preparing those financial statements the CCUK Board of Trustees is required to- select suitable accounting policies and then apply them consistently- make judgements and estimates that are reasonable and prudent- state whether the policies adopted are in accordance with the appropriate SORP on Accounting by Charities and the Accounting Regulations and with applicable accounting standards, subject to the material departures disclosed and explained in the financial statements- and prepare the accounts on the going concern basis unless it is inappropriate to presume that the church will continue to operate. 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 the financial statements comply with the Charities Act 2011. We also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities and to provide reasonable assurances that- the church is operating efficiently and effectively- its assets are safeguarded against unauthorized use or disposition: proper records are kept and financial information used within the church or for publication is reliable,. the church complies with relevant laws and regulations. Independent Examiner The CCUK Board of Trustees were so grateful forthe support of the previou5 Independent Examiner Father Alan Clements, however due to the changes taking place for the charity it was decided to identify and appoint accountants who would be able to provide additional support in the preparation as well as the examination of the accounts. We appreciate that Wyatt and Co have agreed to take on this role. Approval This report was approved by the Board of Trustees of Connect Church UK and signed on its behalf, by Pastor Kirk McAtear. Senior Minister. Signed- Date- 1511212023 14
CONNECT�CHURCH�UK
Year�Ended�31st�March�2023
Independent�Examiners�Report
I�report�to�the�trustees�on�my�examination�of�the�financial�statements�of�Connect�Church�UK�('the� charity')�for�the�year�ended�31�March�2023.
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�confirm�that�I�am�qualified�to�undertake�the�examination�because�I�am�a�member�of�the�Institute�of� Chartered�Accountants�in�England�and�Wales�(ICAEW),�which�is�one�of�the�listed�bodies.
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.
Nigel�Wyatt�BSC�FCA Date: ���������� Independent�Examiner 125�Main�Street Garforth Leeds LS25�1AF
15
CONNECT�CHURCH�UK
Year�Ended�31st�March�2023
Statement�of�Financial�Activities�(Income�and�Expenditure�Account�Included)
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | Funds | Funds | ||
| Note | £ | £ | £ | £ | |
| Income | |||||
| Donationsandlegacies | 337,590 | 167,349 | 504,939 | 536,187 | |
| Charitableactivities | 4,846 | - | 4,846 | 1,610 | |
| Otherincome | 477 | 88 | 565 | 185 | |
| ────────── | ────────── | ────────── | ────────── | ||
| TotalIncome | 2 | 342,913 | 167,437 | 510,350 | 537,982 |
| ────────── | ────────── | ────────── | ────────── | ||
| Expenditure | |||||
| Raisingfunds | 8 | 1,855 | - | 1,855 | 5,997 |
| Charitableactivities | 3,4,5,6,7 | 255,196 | 85,816 | 341,012 | 299,775 |
| ────────── | ────────── | ────────── | ────────── | ||
| TotalExpenditure | 257,051 | 85,816 | 342,867 | 305,772 | |
| ────────── | ────────── | ────────── | ────────── | ||
| ────────── | ────────── | ────────── | ────────── | ||
| NetIncome/(Expenditure) | 85,862 | 81,621 | 167,483 | 232,210 | |
| ────────── | ────────── | ────────── | ────────── | ||
| NetIncomeandNetMovementInFunds | |||||
| Totalfundsbroughtforward | 16 | 1,130,346 | 227,676 | 1,358,022 | 1,125,812 |
| Transfers | 16 | 289,082 | (289,082) | - | - |
| ────────── | ────────── | ────────── | ────────── | ||
| TotalFundsCarriedForward | 16 | 1,505,290 | 20,215 | 1,525,505 | 1,358,022 |
| ────────── | ────────── | ────────── | ────────── |
All�income�and�expenditure�derive�from�continuing�activities.
The�statement�is�a�combined�Statement�of�Financial�Activities�and�Income�and�Expenditure�Account�for� the�purposes�of�meeting�both�the�Companies�Act�and�Charity�SORP�reporting�requirements.
CONNECT CHURCH UK
Year Ended 31st March 2023
Statement of Financial Position
| Statement of Financial Position | |||
|---|---|---|---|
| 2023 | 2022 | ||
| Note | £ | £ | |
| Fixed Assets | |||
| Tangible fixed assets | 12 | 2,650,535 | 2,180,957 |
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||
| 2,650,535 | 2,180,957 | ||
| Current Assets | |||
| Debtors | 13 | 27,363 | 9,484 |
| Cash at bank and in hand | 119,855 | 295,240 | |
| Investments | 31,083 | 30,725 | |
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||
| 178,301 | 335,449 | ||
| Creditors: Amounts Falling Due Within One Year | 14 | 11,189 | 4,913 |
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||
| Net Current Assets | 167,112 | 330,536 | |
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||
| Total Assets Less Current Liabilities | 2,817,647 | 2,511,493 | |
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| Creditors: Amounts Falling Due After One Year | 15 | 1,292,142 | 1,153,471 |
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| Net Assets | 17 | 1,525,505 | 1,358,022 |
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| Funds of The Charity | |||
| Restricted funds | 16 | 20,191 | 227,676 |
| Unrestricted funds | 16 | ||
| Unrestricted general | 146,921 | 1,130,346 | |
| Designated funds | 1,358,393 | - | |
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||
| 1,505,314 | 1,130,346 | ||
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||
| Total Charity Funds | 1,525,505 | 1,358,022 | |
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These financial statements for Connect Church UK (Company number: 07003576) have been prepared in accordance with the provisions applicable to companies subject to the small entities regime of the Companies Act 2006. The Directors are satisfied that for the year ended on 31st March 2023 the charitable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no member or members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act. However, In accordance with section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner.
Directors Responsibilities
These financial statements were approved by the board of trustees and authorised for issue :
17
CONNECT�CHURCH�UK
Year�Ended�31st�March�2023
Statement�of�Cash�Flows
| StatementofCashFlows | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| CashFlowsfromOperatingActivities: | ||
| Netcashprovidedby(usedin)operatingactivities | 157,150 | 236,807 |
| ────────── | ────────── | |
| 157,150 | 236,807 | |
| ────────── | ────────── | |
| CashFlowsfromInvestingActivities: | ||
| Dividendsandinterest | 565 | 184 |
| Purchaseoftangiblefixedassets | (471,413) | (344,875) |
| ────────── | ────────── | |
| Netcashprovidedby(usedin)investingactivities | (470,848) | (344,691) |
| ────────── | ────────── | |
| CashflowsfromFinancingActivities: | ||
| Repaymentsonborrowing | - | - |
| Cashinflowsfromnewborrowing | 138,671 | - |
| ────────── | ────────── | |
| Netcashprovidedby(usedin)financingactivities | 138,671 | - |
| ────────── | ────────── | |
| Changeincashandcashequivalentsinthereportingperiod | (175,027) | (107,884) |
| Cashandcashequivalentsatthebeginningofthereportingperiod | 325,965 | 433,849 |
| ────────── | ────────── | |
| CashandCashEquivalentsAtTheEndofTheReportingPeriod | 150,938 | 325,965 |
| ────────── | ────────── | |
| ReconciliationofNetMovementinFundstoNetCashFlowfromOperatingActivities | ||
| 2023 | 2022 | |
| £ | £ | |
| Netmovementinfundsforthereportingperiod(asperthe statementoffinancialactivities) |
167,483 | 232,210 |
| Adjustmentsfor: | ||
| Depreciationcharges | 1,835 | 1,825 |
| Dividendsandinterestfrominvestments | (565) | (184) |
| (Increase)/decreaseindebtors | (17,879) | 2,540 |
| Increase/(decrease)increditors | 6,276 | 416 |
| ────────── | ────────── | |
| Netcashprovidedby(usedin)operatingactivities | 157,150 | 236,807 |
| ────────── | ────────── | |
| AnalysisofCashandCashEquivalents | ||
| 2023 | 2022 | |
| £ | £ | |
| Cashatbank | 119,855 | 295,240 |
| Shortterminvestments | 31,083 | 30,725 |
| ────────── | ────────── | |
| Totalcashatbankandshortterminvestments | 150,938 | 325,965 |
| ────────── | ────────── |
CONNECT�CHURCH�UK
Year�Ended�31st�March�2023
Notes�to�the�Financial�Statements
1 Accounting�Policies
1.1 Basis�of�Preparation
The�financial�statements�of�the�charitable�company�have�been�prepared�under�the�historical� cost�convention�and�in�accordance�with�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),�the�Companies�Act�2006�and�United� Kingdom�Generally�Accepted�Accounting�Practice�applicable�to�smaller�entities.
The�financial�accounts�are�prepared�in�Sterling�(£)�which�is�the�functional�currency�of�the� charitable�company.
Connect�Church�UK�meets�the�definition�of�a�public�benefit�entity�under�FRS�102.
1.2 Assessment�of�Going�Concern
During�the�2022/23�financial�year,�the�trustees�considered�the�challenges�to�keep�the�charity� operating�on�the�basis�of�goign�concern.�After�considering�the�options,�interventions�were� implemented�which�have�enabled�the�practical�completion�and�occupation�of�the�church� building�(previously�referred�to�as�the�Home�and�Hub).�The�trustees�now�consider�the�charity� to�be�a�going�concern�for�the�next�twelve�months.
1.3 Fund�Accounting
Unrestricted�income�funds�comprise�those�funds�which�the�trustees�are�free�to�use�for�any� purpose�in�furtherance�of�the�charitable�objectives.�Unrestricted�funds�include�designated� funds�where�the�trustees,�at�their�discretion,�have�set�aside�resources�for�a�specific�purpose.
Restricted�funds�are�funds�which�are�to�be�used�in�accordance�with�specific�restrictions� imposed�by�the�donor�or�the�term�of�specific�appeal.
Further�explanation�of�the�nature�and�purpose�of�each�fund�is�included�in�Note�13�of�the� financial�statements.
CONNECT�CHURCH�UK
Year�Ended�31st�March�2023
Notes�to�the�Financial�Statements
1.4 Incoming�Resources
All�incoming�resources�are�recognised�once�the�charity�has�entitlement�to�the�resources,�it�is� probable�that�the�resources�will�be�received,�and�the�monetary�value�of�incoming�resources� can�be�measured�with�sufficient�reliability.�
•�All�voluntary�income�is�recognised�as�donations�and�are�included�in�full,�with�associated�gift� aid�receivable�in�the�Statement�of�Financial�Activities.
•�Grants�where�entitlement�is�not�conditional�on�the�delivery�of�specific�performance�by�the� charity�are�recognised�when�the�charity�becomes�unconditionally�entitled�to�the�grant.
•�Income�from�charitable�activities�are�accounted�for�when�invoices�are�drawn�up�and�the� service�has�been�provided�(as�the�point�of�entitlement).
•�Donated�services�and�facilities�are�included�at�the�value�to�the�charity�where�this�can�be� quantified.
•�Gifts�in�Kind�are�accounted�for�at�a�reasonable�estimate�of�their�value�to�the�charity�or�the� amount�actually�realised.�
•�Time�is�expended�on�the�charity’s�activities�and�governance�which�is�donated�free�of� charge.�It�is�impractical�to�quantify�the�value�of�the�time�given,�and�accordingly�it�is�neither� recorded�as�donated�income�nor�as�an�expense�in�the�financial�statements.
•�Investment�Income�is�included�in�the�accounts�when�receivable.
1.5 Resources�Expended
The�costs�of�charitable�activities�represent�the�cost�of�undertaking�the�charity’s�objectives� and�include�direct�costs�incurred�in�delivering�those�services�together�with�support�costs.�All� expenditure�is�accounted�for�on�an�accruals�basis.�Liabilities�are�recognised�as�expenditure� as�soon�as�there�is�a�legal�or�constructive�obligation�committing�the�charity�to�that� expenditure,�it�is�probable�that�a�transfer�of�economic�benefits�will�be�required�in�settlement� and�the�amount�of�the�obligation�can�be�measured�reliably.�Value�added�tax�is�not� recoverable�by�the�charitable�company�and�as�such�it�is�included�in�the�relevant�costs�in�the� Statement�of�Financial�Activities.
Costs�of�raising�funds�include�expenditure�on�promotion�and�advertising�plus�any�fundraising� trading�costs.
1.6 Governance�Costs
Include�costs�of�the�preparation�and�examination�of�statutory�accounts,�the�costs�of�the� trustees'�meetings�and�cost�of�any�legal�advice�to�trustees�on�governance�or�constitutional� matters.
1.7 Liabilities�Recognition
Liabilities�are�recognised�as�soon�as�there�is�a�legal�or�constructive�obligation�committing�the� charity�to�pay�out�resources.
CONNECT�CHURCH�UK
Year�Ended�31st�March�2023
Notes�to�the�Financial�Statements
1.8 Tangible�Fixed�Assets
All�assets�costing�more�than�£500�are�capitalised�and�at�historic�cost.�Fixed�assets�are� stated�at�cost�less�accumulated�depreciation.�Depreciation�is�charged�on�fixed�assets�which� is�written�off�on�a�straight-line�basis�over�time�and�estimated�useful�life�of�the�asset.
Fixtures,�fittings�and�furniture 20%�Straight�line Motor�vehicles 20%�Straight�line Computer�equipment 20%�Straight�line
Fixtures,�fittings�and�vehicles�are�reviewed�for�impairment�if�events�or�changes�in� circumstances�indicate�that�the�carrying�amount�of�such�assets�may�not�be�recoverable.�If� there�is�an�indication�of�possible�impairment,�the�recoverable�amount�of�any�affected�asset�is� estimated�and�compared�against�its�carrying�amount.�Where�the�estimated�recoverable� amount�is�lower,�an�impairment�loss�is�recognised�immediately�in�the�Statement�of�Financial� Activities.
Fixed�assets�are�for�use�by�the�church�in�fulfilling�its�objects�and�are�capitalised�and� depreciated.�Depreciation�is�provided�at�rates�appropriate�to�reduce�book�values�to� estimated�residual�values�over�the�useful�lives�of�the�assets�concerned.�Land�or�buildings� includes�construction�and�professional�fees�associated�with�the�new�building.�Depreciation� will�commence�once�the�buildings�are�commissioned.�Land�and�buildings�are�then�revalued� periodically�to�reflect�their�net�realisable�value.�
1.9 Pensions
The�charity�operates�a�defined�contribution�pension�scheme.�Contributions�are�charged�to� the�Statement�of�Financial�Activities�as�they�become�payable�in�accordance�with�the�rules�of� the�scheme.
1.10 Operating�Leases
Rental�charges�payable�under�operating�leases�are�charged�on�a�straight�line�basis�over�the� terms�of�the�lease.
Taxation
The�charity�is�exempt�from�taxation�in�respect�of�income�or�capital�gains�received�to�the� extent�that�such�income�or�gains�are�applied�exclusively�for�charitable�purposes.�The�charity� is�not�exempt�from�Value�Added�Tax.
Volunteer�Assistance
Time�is�expended�on�the�charity’s�activities�and�governance�which�is�donated�free�of�charge.� It�is�impractical�to�quantify�the�value�of�the�time�given,�and�accordingly�it�is�neither�recorded� as�donated�income�nor�as�an�expense�in�the�financial�statements.
CONNECT�CHURCH�UK
Year�Ended�31st�March�2023
Notes�to�the�Financial�Statements
Financial�Instruments
The�charity�has�elected�to�apply�the�provisions�of�Section�11�‘Basic�Financial�Instruments’�of� FRS�102�to�all�its�financial�instruments.�Financial�instruments�are�recognised�in�the�charity’s� balance�sheet�when�the�charity�becomes�party�to�the�contractual�provisions�of�the� instrument.�Financial�assets�and�liabilities�are�offset,�with�the�net�amounts�presented�in�the� financial�statements,�when�there�is�a�legally�enforceable�right�to�set�off�the�recognised� amounts�and�there�is�an�intention�to�settle�on�a�net�basis�or�to�realise�the�asset�and�settle� the�liability�simultaneously.�With�the�exceptions�of�prepayments�and�deferred�income�all� other�debtor�and�creditor�balances�are�considered�to�be�basic�financial�instruments�under� FRS�102.
Employee�Benefits
The�cost�of�short-term�employee�benefits�are�recognised�as�a�liability�and�an�expense.�The� cost�of�any�unused�holiday�entitlement�is�recognised�in�the�period�in�which�the�employee’s� services�are�received.�Termination�benefits�are�recognised�immediately�as�an�expense�when� the�charity�is�demonstrably�committed�to�terminate�the�employment�of�an�employee�or�to� provide�termination�benefits.�
Critical�Accounting�Estimates�and�Areas�of�Judgement
In�the�application�of�the�charity’s�accounting�policies,�the�trustees�are�required�to�make� judgements,�estimates�and�assumptions�about�the�carrying�amount�of�assets�and�liabilities� that�are�not�readily�apparent�from�other�sources.�The�estimates�and�associated�assumptions� are�based�on�historical�experience�and�other�factors�that�are�considered�relevant.�Actual� results�may�differ�from�these�estimates.�The�estimates�and�underlying�assumptions�are� reviewed�on�an�ongoing�basis.�Revisions�to�accounting�estimates�are�recognised�in�the� period�in�which�the�estimate�is�revised�where�the�revision�affects�only�that�period,�or�in�the� period�of�the�revision�and�future�periods�where�the�revision�affects�both�current�and�future� periods.��
Gifts�In�Kind
Gifts�in�kind�are�recognised�when�control�over�the�asset�is�transferred�and�the�fair�value�can� be�reliably�measured.�Gifts�in�kind,�including�tangible�assets�and�donated�services,�are� measured�at�fair�value�upon�receipt.�The�accounts�disclosure�the�nature,�valuation�methods,� and�any�restrictions�associated�with�gifts�in�kind�in�the�financial�statements.�
CONNECT�CHURCH�UK
Year�Ended�31st�March�2023
Notes�to�the�Financial�Statements
| 2 | AnalysisofIncome | |||
|---|---|---|---|---|
| Unrestricted | Restricted | TotalFunds | ||
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| DonationsandLegacies | ||||
| Donations | 212,695 | 152,825 | 365,520 | |
| Giftaid | 30,495 | 14,524 | 45,019 | |
| Grants | - | - | - | |
| Legacies | - | - | - | |
| Giftsinkind | 94,400 | - | 94,400 | |
| ────────── | ────────── | ────────── | ||
| 337,590 | 167,349 | 504,939 | ||
| CharitableActivities | ||||
| Churchactivities | 1,639 | - | 1,639 | |
| Otheractivities | 3,207 | - | 3,207 | |
| ────────── | ────────── | ────────── | ||
| 4,846 | - | 4,846 | ||
| OtherIncome | ||||
| Donatedgoods&services | - | - | - | |
| Bankinterest | 477 | 88 | 565 | |
| ────────── | ────────── | ────────── | ||
| 477 | 88 | 565 | ||
| ────────── | ────────── | ────────── | ||
| TotalIncome | 342,913 | 167,437 | 510,350 | |
| ────────── | ────────── | ────────── |
During�the�year�the�charity�received�two�material�gifts�in�kind�totalling�£94,400�worth�of�goods�and� services.�The�nature�of�the�goods�and�services�received�during�the�year�was�the�donation�of�180�chairs� for�the�main�sanctuary�along�with�the�supply�and�fitting�of�the�flooring�of�the�new�building�valued.
CONNECT�CHURCH�UK
Year�Ended�31st�March�2023
Notes�to�the�Financial�Statements
| 2 | (Continued) | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | TotalFunds | |||
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| DonationsandLegacies | |||||
| Donations | 183,437 | 246,046 | 429,483 | ||
| Giftaid | 29,285 | 15,919 | 45,204 | ||
| Grants | - | 61,500 | 61,500 | ||
| Legacies | - | - | - | ||
| Giftsinkind | - | - | - | ||
| ────────── | ────────── | ────────── | |||
| 212,722 | 323,465 | 536,187 | |||
| CharitableActivities | |||||
| Churchactivities | 1,445 | - | 1,445 | ||
| Otheractivities | 165 | - | 165 | ||
| ────────── | ────────── | ────────── | |||
| 1,610 | - | 1,610 | |||
| OtherIncome | |||||
| Donatedgoods&services | - | - | - | ||
| Bankinterest | 144 | 41 | 185 | ||
| ────────── | ────────── | ────────── | |||
| 144 | 41 | 185 | |||
| ────────── | ────────── | ────────── | |||
| TotalIncome | 214,476 | 323,506 | 537,982 |
CONNECT�CHURCH�UK
Year�Ended�31st�March�2023
Notes�to�the�Financial�Statements
3 Expenditure�on�Charitable�Activities
| Otherdirect | Support | |||
|---|---|---|---|---|
| Salaries | costs | costs | 2023 | |
| £ | £ | £ | £ | |
| Ordinaryministryofthechurch | 126,590 | 39,621 | 84,647 | 250,858 |
| DevelopmentofHome&Hub | - | 73,537 | - | 73,537 |
| Grantsandmissiongiving | - | 16,617 | - | 16,617 |
| ────────── | ────────── | ────────── | ────────── | |
| 126,590 | 129,775 | 84,647 | 341,012 | |
| ────────── | ────────── | ────────── | ────────── | |
| Otherdirect | Support | |||
| Salaries | costs | costs | 2022 | |
| £ | £ | £ | £ | |
| Ordinaryministryofthechurch | 131,427 | - | 79,120 | 210,547 |
| DevelopmentofHome&Hub | - | 68,645 | - | 68,645 |
| Grantsandmissiongiving | - | 20,584 | - | 20,584 |
| ────────── | ────────── | ────────── | ────────── | |
| 131,427 | 89,229 | 79,120 | 299,776 | |
| ────────── | ────────── | ────────── | ────────── | |
| Unrestricted | Restricted | TotalFunds | ||
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Ordinaryministryofthechurch | 250,858 | - | 250,858 | |
| DevelopmentofHome&Hub | - | 73,537 | 73,537 | |
| Grantsandmissiongiving | 4,338 | 12,279 | 16,617 | |
| ────────── | ────────── | ────────── | ||
| 255,196 | 85,816 | 341,012 | ||
| ────────── | ────────── | ────────── | ||
| Unrestricted | Restricted | TotalFunds | ||
| Funds | Funds | 2022 | ||
| £ | £ | £ | ||
| Ordinaryministryofthechurch | 210,547 | - | 210,547 | |
| DevelopmentofHome&Hub | 293 | 68,351 | 68,644 | |
| Grantsandmissiongiving | 6,290 | 14,294 | 20,584 | |
| ────────── | ────────── | ────────── | ||
| 217,130 | 82,645 | 299,775 | ||
| ────────── | ────────── | ────────── |
CONNECT�CHURCH�UK
Year�Ended�31st�March�2023
Notes�to�the�Financial�Statements
4 Ordinary�Ministry�of�the�Church�
| Salaries | Otherdirect costs |
Support costs |
Total2023 | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| ContributiontoAoGGB | - | 5,400 | - | 5,400 |
| Salariesandpensioncontributions | 126,590 | - | - | 126,590 |
| Staffrelatedcosts | - | 11,142 | 27,561 | 38,703 |
| Costofservices | - | 13,702 | 33,892 | 47,594 |
| Pastoralcare&training | - | 1,005 | 2,486 | 3,491 |
| Worship | - | - | - | - |
| Churchcourses&events | - | 3,253 | 8,046 | 11,299 |
| Youthandchildren'swork | - | 4,705 | 11,638 | 16,343 |
| Engage(localsocialaction) | - | 414 | 1,024 | 1,438 |
| ────────── | ────────── | ────────── | ────────── | |
| 126,590 | 39,621 | 84,647 | 250,858 | |
| ────────── | ────────── | ────────── | ────────── | |
| Salaries | Otherdirect costs |
Support costs |
Total2022 | |
| £ | £ | £ | £ | |
| ContributiontoAoGGB | - | 5,967 | - | 5,967 |
| Salariesandpensioncontributions | 131,427 | - | - | 131,427 |
| Staffrelatedcosts | - | 7,925 | 2,862 | 10,787 |
| Costofservices | - | 16,208 | 31,096 | 47,304 |
| Pastoralcare&training | - | 1,660 | 247 | 1,907 |
| Worship | - | 4,101 | - | 4,101 |
| Churchcourses&events | - | 4,408 | 348 | 4,756 |
| Youthandchildren'swork | - | 3,043 | 21 | 3,064 |
| Engage(localsocialaction) | - | 1,234 | - | 1,234 |
| ────────── | ────────── | ────────── | ────────── | |
| 131,427 | 44,546 | 34,574 | 210,547 | |
| ────────── | ────────── | ────────── | ────────── |
5 Development�of�Home�&�Hub
| Unrestricted | Restricted | TotalFunds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Fitout | - | 1,878 | 1,878 |
| Mortgageinterest | - | 67,508 | 67,508 |
| Buildinglegal&advisory | - | 4,151 | 4,151 |
| Services | - | - | - |
| Maintenance | - | - | - |
| ────────── | ────────── | ────────── | |
| - | 73,537 | 73,537 | |
| ────────── | ────────── | ────────── |
CONNECT�CHURCH�UK
Year�Ended�31st�March�2023
Notes�to�the�Financial�Statements
| Unrestricted | Restricted | TotalFunds | ||
|---|---|---|---|---|
| Funds | Funds | 2022 | ||
| £ | £ | £ | ||
| Fitout | - | 5,125 | 5,125 | |
| Mortgageinterest | - | 47,216 | 47,216 | |
| Buildinglegal&advisory | - | 6,975 | 6,975 | |
| Services | - | 9,035 | 9,035 | |
| Maintenance | 293 | - | 293 | |
| ────────── | ────────── | ────────── | ||
| 293 | 68,351 | 68,644 | ||
| ────────── | ────────── | ────────── | ||
| 6 | GrantsandMissionGiving | |||
| Unrestricted | Restricted | TotalFunds | ||
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| GiftsforOverseasMission | ||||
| AoGImpact25:40Turkey&Syria | - | - | - | |
| AoGImpact25:40Afghanistan | - | 7,600 | 7,600 | |
| AoGImpact25:40Ukraine | - | - | - | |
| AoGWycliffeBibleTranslation | - | 1,600 | 1,600 | |
| BraveChurch(SriLanka)Support | - | - | - | |
| OpenDoorswithDrAndrew | 600 | - | 600 | |
| SloveniaBuildingProject | 2,000 | - | 2,000 | |
| LightoftheGospelMinistry's | 300 | - | 300 | |
| ────────── | ────────── | ────────── | ||
| 2,900 | 9,200 | 12,100 | ||
| GiftstoUKBeneficiaries | ||||
| Interserve | - | - | - | |
| Alabare | - | - | - | |
| Individuals | 3,103 | - | 3,103 | |
| ────────── | ────────── | ────────── | ||
| 3,103 | - | 3,103 | ||
| MissionsCosts | ||||
| Flightsabroad | 402 | - | 402 | |
| Missionstripcosts | 536 | - | 536 | |
| Hostingguestspeakers&missionspersonnel | - | - | - | |
| Pastoralcare-missionaries | - | - | - | |
| ────────── | ────────── | ────────── | ||
| 938 | - | 938 | ||
| ────────── | ────────── | ────────── | ||
| Total | 6,941 | 9,200 | 16,141 | |
| ────────── | ────────── | ────────── |
CONNECT�CHURCH�UK
Year�Ended�31st�March�2023
Notes�to�the�Financial�Statements
| testotheFinancialStatements | |||
|---|---|---|---|
| Unrestricted | Restricted | TotalFunds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| GiftsforOverseasMission | |||
| AoGImpact25:40Turkey&Syria | - | - | - |
| AoGImpact25:40Afghanistan | - | 6,687 | 6,687 |
| AoGImpact25:40Ukraine | - | 7,607 | 7,607 |
| AoGWycliffeBibleTranslation | 513 | - | 513 |
| BraveChurch(SriLanka)Support | 1,200 | - | 1,200 |
| OpenDoorswithBrAndrew | 850 | - | 850 |
| SloveniaBuildingProject | - | - | - |
| LightoftheGospelMinistry's | - | - | - |
| ────────── | ────────── | ────────── | |
| 2,563 | 14,294 | 16,857 | |
| GiftstoUKBeneficiaries | |||
| Interserve | 118 | - | 118 |
| Alabare | 200 | - | 200 |
| Individuals | 1,497 | - | 1,497 |
| ────────── | ────────── | ────────── | |
| 1,815 | - | 1,815 | |
| MissionsCosts | |||
| Flightsabroad | 324 | - | 324 |
| Missionstripcosts | 80 | - | 80 |
| Hostingguestspeakers&missionspersonnel | 1,351 | - | 1,351 |
| Pastoralcare-missionaries | 157 | - | 157 |
| ────────── | ────────── | ────────── | |
| 1,912 | - | 1,912 | |
| ────────── | ────────── | ────────── | |
| Total | 6,290 | 14,294 | 20,584 |
| ────────── | ────────── | ────────── |
CONNECT�CHURCH�UK
Year�Ended�31st�March�2023
Notes�to�the�Financial�Statements
7 Support�Costs
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Buildingmaintenance&runningcosts | 45,377 | 16,771 |
| Covidmeasures | - | 37 |
| Ratesandinsurance | 14,202 | 1,684 |
| Postage | - | 133 |
| Telephoneandprinting | 1,541 | 1,501 |
| ────────── | ────────── | |
| Totalpropertyrelatedsupportcosts | 61,120 | 20,126 |
| IT | 4,430 | 4,760 |
| Finance | 115 | 26 |
| Creativeservices | - | 308 |
| Executiveandlegal | 17,147 | 4,450 |
| Depreciation | 1,835 | 1,825 |
| ────────── | ────────── | |
| 23,527 | 11,369 | |
| ────────── | ────────── | |
| Total | 84,647 | 31,495 |
| ────────── | ────────── |
Support�costs�(all�are�spent�from�unrestricted�funds)�have�been�apportioned�based�on�identified� contribution�to�direct�or�support�function�for�both�staff�and�expenses.
8 Raising�funds
| Unrestricted | Restricted | TotalFunds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Fundraisingcosts | 1,855 | - | 1,855 |
| ────────── | ────────── | ────────── | |
| 1,855 | - | 1,855 | |
| ────────── | ────────── | ────────── | |
| Unrestricted | Restricted | TotalFunds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Fundraisingcosts | 1,161 | 4,836 | 5,997 |
| ────────── | ────────── | ────────── | |
| 1,161 | 4,836 | 5,997 | |
| ────────── | ────────── | ────────── |
CONNECT�CHURCH�UK
Year�Ended�31st�March�2023
Notes�to�the�Financial�Statements
9 Independent�Examiner's�Fees
Fees�payable�to�the�independent�examination�for:
| Feespayabletotheindependentexaminationfor: | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Accountspreparationandindependentexamination | 1,920 | - |
| Independentexamination | - | 400 |
10 Staff�Costs
The�total�staff�costs�and�employee�benefits�for�the�reporting�period�are�analysed�as�follows:
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Wagesandsalaries | 117,861 | 122,544 |
| Socialsecuritycosts | 4,800 | 5,002 |
| Employercontributionstopensionplans | 3,929 | 3,882 |
| ────────── | ────────── | |
| 126,590 | 131,428 | |
| ────────── | ────────── |
The�average�headcount��of�employees�during�the�year�was�as�follows:
Average�headcount
| 2023 | 2022 |
|---|---|
| 5 | 5 |
The�number�of�employees�who�received�employee�benefits�of�more�than�£60,000�during�the�year�was�as� follows:
2023 2022 - - More�than�£60,000
Key�Management�Personnel
The�key�management�personnel�of�CCUK�comprises�of�the�Senior�Pastor�and�Executive�Pastor.�The� total�employee�benefits�(including�pension�and�Employer�NIC)�of�the�key�management�personnel�of�the� charity�were�£63,052�for�2023.
CONNECT�CHURCH�UK
Year�Ended�31st�March�2023
Notes�to�the�Financial�Statements
11 Trustee�Remuneration,�Expenses�and�Donations
During�the�year�four�trustees�incurred�out�of�pocket�expenses�for�the�day�to�day�running�of�the�church� amounting�to�£314.
During�the�year�the�total�aggregated�donations�made�to�the�charity�by�the�trustees�was�£52,507�(2022:� £44,278).�The�donors�did�not�attach�any�conditions�to�their�gifts�which�required�the�charity�to�significantly� alter�the�nature�of�its�existing�activities.
During�the�year�two�trustees�were�employed�by�the�charity�for�roles�outside�of�their�trustee�duties.�The� total�remuneration�received�including�employers�national�insurance�and�employers�pension�contribution� were�as�follows:
| 2023 | |
|---|---|
| £ | |
| PastorKirkMcAtear | 38,419 |
| PastorTraceeMcAtear | 24,633 |
12 Tangible�Fixed�Assets
| TangibleFixedAssets | ||||
|---|---|---|---|---|
| Landand | Church | Computer | ||
| Building | Equipment | Equipment | Total | |
| £ | £ | |||
| Costasat1stApril2022 | 2,175,436 | 5,189 | 4,691 | 2,185,316 |
| Additions | 471,413 | - | - | 471,413 |
| ────────── | ────────── | ────────── | ────────── | |
| Costasat31stMarch2023 | 2,646,849 | 5,189 | 4,691 | 2,656,729 |
| ────────── | ────────── | ────────── | ────────── | |
| Depreciationasat1stApril2022 | - | 2,857 | 1,502 | 4,359 |
| DepreciationCharge | - | 897 | 938 | 1,835 |
| ────────── | ────────── | ────────── | ────────── | |
| Depreciationasat31stMarch2023 | - | 3,754 | 2,440 | 6,194 |
| ────────── | ────────── | ────────── | ────────── | |
| ────────── | ────────── | ────────── | ────────── | |
| NetBookValueasat31stMarch2023 | 2,646,849 | 1,435 | 2,251 | 2,650,535 |
| ────────── | ────────── | ────────── | ────────── | |
| NetBookValueasat31stMarch2022 | 2,175,436 | 2,332 | 3,189 | 2,180,957 |
| ────────── | ────────── | ────────── | ────────── |
During�2022/23�we�commenced�Phase�2�of�the�building�project�with�the�goal�of�occupying�for�non-public� facing�activities�in�April�2023.�Per�the�accounting�policies�the�building�will�be�depreciated�once� completed.
CONNECT�CHURCH�UK
Year�Ended�31st�March�2023
Notes�to�the�Financial�Statements
13 Debtors
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Giftaid | 7,363 | 7,049 |
| Prepaymentsandaccruedincome | 20,000 | 2,435 |
| ────────── | ────────── | |
| 27,363 | 9,484 | |
| ────────── | ────────── |
14 Creditors:�Amounts�Falling�Due�Within�One�Year
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Tradecreditors | 3,474 | 2,736 |
| Accrualsanddeferredincome | 7,715 | - |
| Othertaxesandsocialsecurity | - | 2,177 |
| ────────── | ────────── | |
| 11,189 | 4,913 | |
| ────────── | ────────── |
15 Creditors:�Amounts�Falling�Due�After�One�Year
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Charitybankmortgage | 1,074,354 | 935,683 |
| BigIssue-Developmentloan | 123,009 | 123,009 |
| BigIssue-Workingcapitalloan | 94,779 | 94,779 |
| ────────── | ────────── | |
| 1,292,142 | 1,153,471 | |
| ────────── | ────────── |
Capital�repayment�holiday�was�granted�by�both�Charity�Bank�and�Big�Issue�due�to�the�Covid�Pandemic� and�was�extended�until�31�December�2023.
CONNECT�CHURCH�UK
Year�Ended�31st�March�2023
Notes�to�the�Financial�Statements
16 Analysis�of�Charitable�Funds
| 1Apr2022 | Income | Expenditure | Transfers 31Mar2023 | Transfers 31Mar2023 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| UnrestrictedFunds | |||||
| Unrestricted | |||||
| Generalfunds | 1,130,346 | 342,913 | (257,027) | (1,069,311) | 146,921 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| 1,130,346 | 342,913 | (257,027) | (1,069,311) | 146,921 | |
| Designated | |||||
| Assetandbuildingfund | - | - | - | 1,358,393 | 1,358,393 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| - | - | - | 1,358,393 | 1,358,393 | |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| TotalUnrestricted | 1,130,346 | 342,913 | (257,027) | 289,082 | 1,505,314 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| RestrictedFunds | |||||
| Visionfund | 145,492 | 157,673 | (73,537) | (213,582) | 16,046 |
| BigIssueAccesscapitalgrant | - | - | - | - | - |
| Accessimpactgrant | 164 | - | - | - | 164 |
| Growinglivesgrant | 19,000 | - | - | (19,000) | - |
| Synergylegacy | 6,000 | - | (3,103) | - | 2,897 |
| AllchurchesTrustLtd | 56,500 | - | - | (56,500) | - |
| Missions | 520 | 9,764 | (9,200) | - | 1,084 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| TotalRestricted | 227,676 | 167,437 | (85,840) | (289,082) | 20,191 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| TotalFunds | 1,358,022 | 510,350 | (342,867) | - | 1,525,505 |
| ────────── | ────────── | ────────── | ────────── | ────────── |
Fund�Transfers
During�the�year�the�building�development�project,�other�fixed�assets�and�the�loan�mortgage�balances� were�transferred�out�of�the�general�fund�and�building�development�related�restricted�funds�to�a� designated�fund�that�holds�the�netbook�value�of�CCUK's�assets�less�the�outstanding�mortgage�and�loan� balances.
CONNECT�CHURCH�UK
Year�Ended�31st�March�2023
Notes�to�the�Financial�Statements
| 1Apr2021 | Income | Expenditure | Transfers 31Mar2022 | Transfers 31Mar2022 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| UnrestrictedFunds | |||||
| Unrestricted | |||||
| Generalfunds | 790,044 | 214,476 | (218,290) | 344,116 | 1,130,346 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| 790,044 | 214,476 | (218,290) | 344,116 | 1,130,346 | |
| Designated | |||||
| Assetandbuildingfund | - | - | - | - | - |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| - | - | - | - | - | |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| TotalUnrestricted | 790,044 | 214,476 | (218,290) | 344,116 | 1,130,346 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| RestrictedFunds | |||||
| Visionfund | 304,768 | 247,192 | (62,352) | (344,116) | 145,492 |
| BigIssueAccesscapitalgrant | 6,000 | - | (6,000) | - | - |
| Accessimpactgrant | - | 5,000 | (4,836) | - | 164 |
| Growinglivesgrant | 19,000 | - | - | - | 19,000 |
| Synergylegacy | 6,000 | - | - | - | 6,000 |
| AllchurchesTrustLtdgrant | - | 56,500 | - | - | 56,500 |
| Missions | - | 14,814 | (14,294) | - | 520 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| TotalRestricted | 335,768 | 323,506 | (87,482) | (344,116) | 227,676 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| TotalFunds | 1,125,812 | 537,982 | (305,772) | - | 1,358,022 |
| ────────── | ────────── | ────────── | ────────── | ────────── |
Fund�Transfers
Vision�funds�were�transferred�down�after�the�expenditure�from�unrestricted�funds�to�cover�all�costs� related�to�the�construction�of�the�Home�and�Hub.
CONNECT�CHURCH�UK
Year�Ended�31st�March�2023
Notes�to�the�Financial�Statements
Fund�Descriptions
Designated�Funds Asset�and�building�fund
A�fund�to�hold�the�net�book�value�of�the�buildings�and�other�assets� held�by�CCUK�less�the�outstanding�loan�and�mortgage�balances.
Restricted�Funds�
Vision�fund Gifts�and�funding�towards�the�construction�of�the�Home�&�Hub� project. Big�Issue�Access�Capital�Grant Funding�towards�the�fitout�of�the�Home�&�Hub. Access�Impact�Grant Funding�to�engage�a�fundraiser�to�write�grant�bids�for�the�Home�&� Hub�project. Synergy�legacy Donation�for�activities�for�the�elderly�eg:�holidays. Allchurches�Trust�Ltd�grant Funding�towards�the�construction�of�the�Home�&�Hub. Missions Appeals�eg:�Impact�25:40�Afghanistan�&�Ukraine.
17 Analysis�of�Net�Assets�Between�Funds
| Unrestricted | Restricted | TotalFunds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Fixedassets | 2,650,535 | - | 2,650,535 |
| Currentassets | 158,110 | 20,191 | 178,301 |
| Creditorslessthan1year | (11,189) | - | (11,189) |
| Creditorsmorethan1year | (1,292,142) | (1,292,142) | |
| ────────── | ────────── | ────────── | |
| 1,505,314 | 20,191 | 1,525,505 | |
| ────────── | ────────── | ────────── | |
| Unrestricted | Restricted | TotalFunds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Fixedassets | 2,180,957 | - | 2,180,957 |
| Currentassets | 107,773 | 227,676 | 335,449 |
| Creditorslessthan1year | (4,913) | - | (4,913) |
| Creditorsmorethan1year | (1,153,471) | - | (1,153,471) |
| ────────── | ────────── | ────────── | |
| 1,130,346 | 227,676 | 1,358,022 | |
| ────────── | ────────── | ────────── |
CONNECT�CHURCH�UK
Year�Ended�31st�March�2023
Notes�to�the�Financial�Statements
18 Related�Party�Transactions
Connect�Church�is�affiliated�to�the�Assemblies�of�God,�Great�Britain.�CCUK�made�an�annual�contribution� of�£5,400�(2022:�£5,967)�to�the�Assemblies�of�God�in�2023.�Kirk�McAtear�is�employed�by�AoG�GB�as�a� director�of�Missions�on�the�National�Leadership�Team.
After�the�year�end�in�June�2023�Rev�Gerald�Tan�and�Rev�Dominic�Yeo�became�directors�and�trustees�of� CCUK.�Both�Rev�Gerald�Tan�and�Rev�Dominic�Yeo�are�senior�leaders�of�Trinity�Christian�Centre�Church� in�Singapore�who�have�made�a�number�of�donations�in�recent�years�to�CCUK�in�support�of�the�building� project.
Stefanie�Lakin�is�related�party�to�trustee�and�director�Simon�Lakin�through�being�a�close�family�relative.� Stefanie�Lakin�is�an�employee�of�CCUK�and�received�a�total�remuneration�of�£9,353�including�employers� national�insurance�and�employers�pension�contribution.
19 Events�After�The�Reporting�Period
On�15�May�23,�Connect�Church�UK�announced�that�they�were�moving�from�friends�to�family�and� becoming�one�of�the�Overseas�Centres�of�Trinity�Christian�Centre,�with�its�main�site�in�Singapore.��The� terms�of�the�relationship�are�outlined�in�a�Letter�of�Intent�signed�12�May�23�that�outlines�the�nature�of�the� relationship�including�the�spiritual�leadership�of�Lead�Pastor�Gerald�Tan,�the�inclusion�of�two�trustees� from�TCC�on�the�CCUK�Trustee�Board,�operational�support�and�financial�support.
20 Prior�Year�Statement�of�Financial�Activities
| 2022 | |||
|---|---|---|---|
| Unrestricted | Restricted | ||
| Funds | Funds | TotalFunds | |
| £ | £ | £ | |
| Income | |||
| Donationsandlegacies | 212,722 | 323,465 | 536,187 |
| Charitableactivities | 1,610 | - | 1,610 |
| Otherincome | 144 | 41 | 185 |
| ────────── | ────────── | ────────── | |
| TotalIncome | 214,476 | 323,506 | 537,982 |
| ────────── | ────────── | ────────── | |
| Expenditure | |||
| RaisingFunds | 1,161 | 4,836 | 5,997 |
| Charitableactivities | 217,130 | 82,645 | 299,775 |
| ────────── | ────────── | ────────── | |
| TotalExpenditure | 218,291 | 87,481 | 305,772 |
| ────────── | ────────── | ────────── | |
| ────────── | ────────── | ────────── | |
| Netincome/(expenditure) | (3,815) | 236,025 | 232,210 |
| ────────── | ────────── | ────────── |