Chaiity registration numb•r 1139388 Company r•glstration number 07294101 (England and W•l••l CONNECT CHURCH CHORLEYWOOD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 CONNECT CHURCH CHORLEYWOOD LEGAL AND ADMINISTRATIVE INFORMATION Tru¥te•s J Roberts Ack (Apwnled 6 February 20231 (AppThrrted 20 February 20231 M Kiss811 Charity numb•r 1139388 Company numb•r 07294101 Re9lst•r•d office 91 WhilelarhlsAvenug ChorWL>>J Hertfordshi fyD3 5RQ Independ•nt •xaminer &Jmmers Morgan First Fknr. Shernton House Lower Road ChowleJv4ood Hertfordshire 35LH CONNECT CHURCH CHORLEYWOOD CONTENTS Trustees, report Independent examinerfs repNt Statement of financial ac*vib Bal￿￿e sheet Note$ to the finaw81 stslements 6-12 CONNECT CHURCH CHORLEYWOOD TRUSTEES. REPORT {INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 DECEAIBER 2023 The trustaès present their annual report and fmancial *tern￿ts for th& year erthd 31 December 2023. The 8tsxunts have been prepared in actx)rdance witti the accounling Fdrcies set OLrt in notè 1 to the accounts and comply with the Chatities Act 2011. the COmpan￿S Act 2LXK. the Memorandum and Artides of Association, and Accounting and Rèporting by Charib•s". s￿erne￿t of Recommended Pradice appl￿ble lo charities preparing their accounts in accordance wrth the Fin8ncaal Rewling Stsndard applicabk in the UK arHI the Republic ol Ireland IFRS 102) laffe￿1Ve 1 January 2015). ObJ•¢tive$ and actlvTts¢¥ The charity's obj.ects arg lo advance the Christian fath in accorda￿ wrth their Statement of beliets. lo hold public seThi¢es and to fuffil suth other purposes whK* are exdusNely charrtable acco(ding to the law of England and es and are Conr￿ with the ¢*aiitalAe WO￿ of the charity. The poI￿leS ath)pted in fvrtherance of these obpctbves are to.. hold weekly putAic serwces al St Clement Danes SdKKI. Chor￿. Hertfordshire aThJ there has been no change in these during the period. The trustees have due rw to guhlance ISSU￿ by the Charity ComnNssion in deoding ¥that activilies the ¢harity should undertake. The charity ran weekty pubffic meetings for wwth"p every gjnday m¢wniThJ during the perK)d covefe(I by this report. There was also a public semce held on Chrislmas Day. Achlevem•nts •nd perfornMn¢e Church meetings were hdd every Sunday during Ihi$ period but nUm￿r5 h8¥e signikantty r8duced this period. This dèdine in numbers has had an eff8Ct on the finances. The Church ernployed and h¢yJsed Pat Nesbil in the of Assistsnt Pastor from September 2023. From DecAmber 2022 th8 Senior Pastor remaine(l in posl bLrt elecaed to forego his salary in or(Jer lo subsidise the post of Assistant Pastor. Adam Clark c>)ntinued as honorary Head of Fina￿ but aso chose lo tsego his part4ime salary as Church Manager The Thursday moming prayei meeting- P￿rt￿￿se- c*nlinugJ as dkl the b￿mon1hty prayer and worship evening, open to al. whith meets in the knal Baplist churth ￿ ch￿Iey￿. There were a numbeT of actiwti9s run for cthrth Mernbe￿ and those OLtsidg the ¢hur¢* induding.. Bit4e Sbjdy evenings- every other Tuesday Thursday moming Powerhouse PT8yer Meelwwjs on Zoom Worship and Prayer- monlhty Home gioups for adult ¢hurth members Chodeywood Christmas Festival- 2 De￿rnber Badrninton (Women's}- Monday evenings Ladies bfeakfas15- rnonthfy Men's evenings VarK)us social events and outreach events open to ati Members volunteered for the Detonate Kids Holiday Club Financlal review During the year, the charrty's incomg frc*n al sources ar￿￿nted to £67.053 of t*thich £2.838 were for Restricted Funds. A total of £63,721 was expended d￿ng the yèar, of which £9.3CN) was from Designated Funds. A tolal of £10,963 was held al the end of the year as Designated Funds. to be given as grants to Local Projetxs. the Gk)bal Poor and the Suffemg Church. CONNECT CHURCH CHORLEYWOOD TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 R•s•N•s Pollcy It is the p￿￿Y of the thaiity Ihal unrestrided fvnds wht* have not b8en desigr￿ted for a speryfic use should be ma1ntsir￿l 8t a ￿¥81 equivalent to beh¥een three and six nKMths exwnditure. The trustees C(￿s•der that reseNes at this level will ensure that. in the event of a sWJni￿nt drop in fUr￿1ng. they wll be abl& to continu8 thè chanty's Current actN4ties while Considerati￿ is gwen to ways in addith)nal funds may be raised. Ths level of reserves has been maintained throughwi the Feriod. At the a¢c))unb'ng date free reserves were £26.833 12022.. 28.536). StNciur•, gov•mance and man4gwn￿t The charity was irwordted as 8 (xxnp8ny limited by guaranlee 24th June 2010 and is go¥err￿d ty its Memoran(lum an¢J Arfldes ofAsscoalion. It is registered as a charity. The truslees, who are 81so the d[redC￿ knthe purpose ofoynpany law. and who served during the p8riod y￿re. J Rcthrts A Clark N Ajlo M lQssell (Appynted 6 Febn￿ry 2023) (Appy'nted 20 FebnRry 2023) The Tnths mel th￿e times in the year- 2 Awil. 2 Juty aThJ 22 Cthber. J Roberts was one of the first tntstees to Serve were those Fersons named in the sbtement defvewd pursuant to section 1211} of the Cornpanies Act 2006. Fubjre trustees shall bg apwinted as prowded in the Vemorandum and ArtiC￿S ofAs8c¢iab￿. Al trustses were iSSL*d vAth a copy of The Essential Trt￿te$ publi$h8d by the Charrties Commission. At the first rneeting of the trustees roles and resFKYtsibilrfie5 were dearfy set out. Nono of Ihg trustoes has any t>eneknl wrterest ￿ the compww. Al of the trustees are rnernbe￿ of the ￿MpanY and guarantse to cMtributg £10 In the evant of a wi￿ling up. The Board of Tnths manages the affaiTr of the tharity and meets times a year. The Leadership Team undertake the day to day 0￿ration crf the tharity under guidan￿ prowded by the tx)ard ol trustses. In addition lo this the Leadership Team 15 res[￿￿lble tsthe.. 1. appointrnent and removal of pastors other fulktimo or wt4ime employees of tha Charity appointed to exerase pastoral w other m4nisty re5FK)nsibli ty WTthin the churth . 2. Membership of any o)ngregation of Ihe Chanty: 3. ￿1 qLtestions of doctrine," 4. Ml questions relating to the preathirvj of the gospel and" 5. Apw)intment and rernoval of Leaders The Charity k)oks to St Mary's BryanSt(￿ Square. London for spiwilual ovefsighL athce and friendship. The trustees have assessed the rnai￿ risks to T*t¥c* the tharity is exrK)*J. 8nd are Satisf￿ that syBtems are in place to mitigats ex re lo the major risks. J Roberts TfUSte* Date.. CONNECT CHURCH CHORLEYWOOD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CONNECT CHURCH CHORLEYWOOD I rgport on the financial statements of thè ¢harity for the year ended 31 December 2023. vthith are sel out on page5 4 to 12. R•spt¢tive vesponslbi141i¢s of trusle•s and examiner The trustees, who a￿ also the dYe(#ors of Conneci Churth ChOrk￿j for the purposes of c¥)mpany law. are responsible for the preparation of the accounts. The trustees consider thal an audit is not requirèd for Ihis year under ￿tion 144121 of thg CharIt￿S Ad 2011. Ihe 2011 Acl, a￿1 that an irtyendent examinalion is needed. Hamng satisfied myselfthat the charily is not subject to a￿Art under ccrfnpany Law is elryitle for independent examination, it is my responsiblity to- examine the finanoal slatements under sec*ion 145 of the 2011 ￿￿.. {ii) to follow the procadures laKI down in the 9enernl Direcbons given by the Charity Ccrfnmissicffj under sedion 14515llbl of the 2011 Ad. and (iiil to stale whether part*u￿r matters ha￿ o)me lo my attenlion. Bas1$ of independont examinerfs v•port examination was carrie(J Ixrt in accor￿¢* wth the general Dire¢iions given by the Chanty Comrniss*)n. An examination include$ a revEw of the accountirrfJ records kept by the charity and a (>mparison of the acLounts kyesented with those Tecords. It also indudes con&deralM of any unusual iiems or disdosures in the a(tounls, and seeknng expLinatsons from you as trustees u)n¢eming any such mattew5. The procedurès undertaken do not pfovide all Ihe e￿der￿ that would be required in an audit and consequenty no opinion is 9t¥eii as lo whether the a(£ounls present a ￿ and fair and the re[￿ is &mrted lo those matters set out in ltre statement Indep￿d¢n1 examin•rfs statsment In connection wrth my examination, no rnatter has o)me to my attentiort: lal which gives mè reasonable causè lo bdieve that *) any material res￿# thè requirements.. li} to keep accounb.ng records in accordance with seclion 386 of the Compan￿$ A¢t 2006.. and lil) to prepare finawal statements whith aoxrd wth the awunting rec4JTds, compty wrth the acc4Junting requirements of sectKJn 3* of the Companies AIX 20r￿ and with Ihe method5 and princAples of the Statement of Recommended Praclice.. AccxMJnb"ng and ReportirvJ by Charrt*s', have not been met or Ibl lo which, in my opinion, attention Sho￿ be drawn in (Yder to financAal stslemenls to be rea¢hed. abW* kyoper underntanding of NichoL4s Corden ACA For and on behalf of Summer5 Morgan First Fbor. Sheraton House Lower Road Chorfeywood Hertfordshi D3 5LH Dated.. ij •ve4W • 7J O f¥ CONNECT CHURCH CHORLEYWOOD BALANCE SHEET ASAT31 DECEMBER 2023 2022 Flxed ass•ts Tangible assets Cufr•nt assets Dèbtors Cash at bank and in har¥J 13.124 22.103 51.733 51,712 Creditorn- amounts falllng du• ¥Athln y•ar 13.610) {6,9211 Net ¢uffent assets 48.123 44.791 Total assets l•ss eurr•nt IlabllSlles 48.130 44,798 In¢om• funds Restricletl funds Unreslricted funds- Unreslricted funds- general 11 12 10.327 10.963 26.840 11,539 4,716 28.543 48.130 44.798 Tha company is enliued to the ex8mption frc¥n the aLKIit requirement o)ntsined ￿ s8ctK)n 477 of the CompaniesAct 2006, for thg yèar eThJed 31 December 2023. The members have not required the company to obfain an audit of its finanrAal statements for the year ¢n quesbon In accordance with sedion 476. The dir8Ctor aCkn￿edgeS his responsknibbes f(K Cxrfn￿YIng Mth the requirements of the Companie5 Act 2006 wilh resped lo accounting re￿rdS and the offinarrial ststemerts. These financAal slatements hm been in *xX)rd8n￿ with the Fffowons app￿CaL￿e to ￿MpaNieS Subject to the small companies regime. The ac(xwnts were apwoved by the Twstees on ... J Robèrts Trustse CixnpaTry Registr￿10￿ No. 07294101 CONNECT CHURCH CHORLEYWOOD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ounting policl•s Company Inforn*tion Connect Church chOrte￿0C￿l is a private ojmpany limtted by guarantee ino)rporaled in England and ￿es. The registered office 1$ 91 lthrtelandsA¥enue. c￿￿Ood. Hertfordshire. V4t)3 5RQ. 1.1 Accountlng Convention The finanaal stslements havè been pTepared in accord*ce wilh the chanty'$ governing document, the Companiès Act 2C￿ and "A(s)unting and Reporting by charit￿s.. Statement of Recommended Pract applicable to thariti'ès p￿paring their accounls in a￿rdance v￿h the Financial Reporting Slandard applicable in the UK and Republ￿ of Ireland IFRS 102)" las amended for accounting periods commenung from 1 January 20161. The chrrty is a Public Benefft Enlity as dèfined by FRS 102. The charity has taken thantage of prO￿$10￿S in tho SORP for tharIt￿S applying FRS 102 Update Buletin 1 not to prepare a Statement of Cash Flows. The financAal statement5 are prepared in slerlng. whth is the fiJrK*onal ojrrency of th& tharity. Monetary amounts in these finan(3al statements are rouThJed to the nea￿$1 £. The financial stalements have been [￿Spared WKler the historical ¢))st convention. The princapal a¢xounting polirAes adopted are Set out belw. 1.2 Golng ¢oncern At the lime of approving the accounts. the trustee5 have a reasonable expectthn that th8 tharity has adequate resources to continuè in operational existence for the foreseeable future. Thus the trustee5' continue to adopt the goin9 t)￿reM basis ofa¢¢ounbng in weparing the awwnts. 1.3 Charitabh funds Unrestricted frjnds are available for use al the disrxetion of the trustees in further3n￿ of their tharilable objective5. Designated fiJnds fx)mwise funds whth have been set as*Je at the distretKJn of Ihe trustees for spaofic purposes. The purposes and uses ofthe desvanated funds a￿ set out in the notes to the financial stslemenls. Restricted funds are subject to SP8ofi¢ rJ)nditions by donors or grantors as to they may be used. The purposes and uses of the restricled lund5 are set out in the notes to the financial statgments. 1A Incoming rnsour Income is rec4Jgnised when the tharty is legalty enbued to rt after any ￿rfOrmance OJndTtions have been met, the amcwjnls Can be measured rdiatAy. and il 15 probab￿ that I￿)rne will be recewed. Cash donations are recognised on receipt. Olher donalion5 are recwnised once the tharity has been nOtif￿d of the donation, unless perfonnance Condit￿n$ require deferral of the amount. Income tax recoverab￿ in relation to donations receive(l under GrfiAid or deed$ of w*nant is recognised at the time of the donation. 1.5 Resources •xp•nd•d Expenditure is recognised on the acLwls basis. Grants and donations paKI a￿ acownled lor when paid. Irreojverable VAT is charged against the category of resour¢¢s expended forwhKh rd was incJJrred. CONNECT CHURCH CHORLEYWOOD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting poll¢i•s (Continued) 1.6 Tanglbl• fixed ass•ts Tangibltr fixed assets are inthly measured at cosl and sthequenty measured at cost or valuation, net of depreaation and any impairrnent h)sse$. DeprerAation is recognised so as to wnle off ihe cost or ￿al￿all0Th of assets less their re$idueJ values over their useful h'¥es on the foIbJ￿ng baso$: Plant and machinery 3 years strayht Ine The gain or loss aris1￿ on the disposal of an asset 15 detennined as the differerKe between thg sa procee 543 63 11.870 5.391 15.7221 11.$39 2.838 14,0501 10,327 The Hardship Fund rop￿sentS rnonw (x)Ilpc*ed for speoffic individuas facing finanfAal hardship. The CAPEvery Lrfe Fund represent$ M￿leS colected as gifts for two dwrthes 5UPPOrted by thg church members over the Chri5trnas pertil. 12 D••ignated funds The income fijnds of the chaiity indude the fonowirwJ designated fuThJs whth ha￿ been sel aside out of unrestrided fiJnd5 by the trustee5 for speofic purr•)se5.' At 1 January 2023 At31 Do¢•mbor 2023 Local Projects Global Poor The Suffering Church 1,124 878 2.714 2.706 3.360 4,896 4,716 10,962 10- CONNECT CHURCH CHORLEYWOOD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Icontinuedl Pr•vious year. At 1 January 2022 At31 D•e•mbèr 2022 Li)cal Projects Global Poor Th8 Suffering Church 1.124 878 2,714 1.571 1.251 2.822 4,716 30% of all giftsltithe income is alocated for givitvj. as fc4bJws.' Lo¢al Projects d9slgnal¢d fund lo grft as finan¢ial support lo other tharities. organisal*)n$ and individuals having the same or Similar objeLls as Ihe Charty Ihat operate h)caty to the Charity. Global Projects designatsd fund to gfft as finarwial SUPF*NI to ott￿￿ thaiilies. organisations and indrvbduals hawng the same or Similar obj.ects as the Charity that operate globalty. Sufferfng Churth deslgnaled fund to as financial support to othèr ¢harilies. organisab'on5 and indNkluals havin9 the same or ￿rn￿ar obi8(#s as the Charrty thal operate in w$ where the Christian Church parbculaty Suffer oppression or F￿e(ath. Each des¥Jnated fijnd above receNes 10% of every net dona{p￿ received, Girl Aid is not induded as part of this cak#Jlation. 13 A￿lY*1¥ of net assets fvnd• Unrn¥tricted D•slgnated R￿ts1¢t¢d funds funds fund$ Total 2023 2023 2023 2023 At 31 Decem￿r 2023: Tangible assets Current assetslllwbih"i*s) 26,833 10, 10,327 48,123 26.840 10, 10,327 48,130 Total funds funds 2022 2022 2022 2022 Al 31 De¢ember 2022: Tangible assets Current asset￿{1￿1blts.ts.eS} 28.536 4.716 11,539 44,791 28,543 4.716 11.539 44,798 CONNECT CHURCH CHORLEYWOOD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 14 Relat￿ party transaellon• Other than those disdosed in note 4. related party trans&#w)n$ thjring the yearwere £0 (2022.. £0) . 12-