Charity reglstratlon number 1139388 (England and Wales) Company règistration number 07294101 CONNECT CHURCH CHORLEYWOOD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
CONNECT CHURCH CHORLEYWOOD LEGALAND ADMINISTRATIVE INFORMATION Trustees J Roberts A Clark N10 M Kissell Charity number (England and Wales) 1139388 Company number 07294101 Registered office 91 Whitelands Avenue Chorleywood Hertfordshire WD3 5RQ Independent examlner Summers Morgan First Floor, Sheraton House Lower Road Chorleywood Hertfordshire WD3 5LH
CONNECT CHURCH CHORLEYWOOD CONTENTS Page Trustees, report Ind8p8ndenl examiner's report Slalement of financial activities Balance sheet Notes lo the financlal statemenls 6-12
CONNECT CHURCH CHORLEYWOOD TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The Iruslees present their annual report and financial statements for the year ended 31 December 2024. Thè accounts have been prepared in accordance with the accounting pollcies sel out in note 1 to the accounts and comply with the Charilies Act 2011. the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparin9 their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 1021 lèffeclive 1 January 20151. Objectives and activities The charity's objects are to advance the Christian faith in accordance with their statement of beliefs, to hold public services and lo fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the charity. The policies adopted in furtherance of these objectives are to.. hold weekly public services al Sl Clement Oanes School, chorIeO0d, Herttordshir8 and th8r8 has bean no change in these during the period. The trustees have paid due re9ard lo guidance issued by the Charity Commission in deciding what activities the charity should undertake. Thè charity ran weekly public meetings for worship every Sunday morning during the period covered by this report. There was also a public service held on Christmas Day. Achlovomenls and performance Chur¢h meetings were held every Sunday dursng thls period but numbers have significantly reduced over Ihls period. This d8cline In numb8rs has had an effect on tha financès. The Church employed and housed Rev Pat Nesbit in the role ofAssi5tant Pastor from September 2023 until the end of August 2024 whèn the financial siluation no longer allowed him to be employed. From Dec8mb&r 2022 the Senior Pastor remained in post bul elected lo forego his salary in order lo subsidise the post of Assistant Pastor, this has continued. Adam Clark Continued as honorary Head of Finance, bul also chose to forego hSs part tim8 salary as Church Manager. The Thursday morning prayer m8eting - Powerhouse - continued as did the bi-weekly Bible study. There were a number of activities run for church members and thosè outsidè th8 church including: Alpha Course open lo all Home groups for adult church members Worship and Prayer evenings - 21 Fèbruary, 20 March, l May, 12 June, 23 October Women's Badminton- Monday evenings Ladies breakfasts and craft evenings AGM was held on 3 November A Newcomers evening was held on 17 January Hosted a concert by Harpa Dei visiting from Gemiany- 16 July Hosted a CAP money cours8 in January and February Chorleywood Christmas Festival- 6 December New website was commissioned and launched Men's evenings Various social events and outreach events open lo all Members volunteered for the Delonale Kids Holiday Club Church members also support Restorative Justice courses at HMP The Mount in Bovingdon and provide mentoring for students at Sl Cl8m8nl Dan8s School.
CONNECT CHURCH CHORLEYWOOD TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Flnan¢lal revl•w During the year, the charws Ina)me from all sources amounted to £60,710 of which £3,gJ2 were for R8Stricted Funds. A total of £82,681 was expended during the year, of which £17,600 was from Designated Funds. A total of £7,220 was held at the end of the year as Designated Funds. to be given as granls to Local Projects, the Global Poor and the Suffering Church. Reserves Pollcy 11 is lh8 pclicy of the tharity that unrestrlcted funds which have not been d8signated for a specrfic usé shoukl b8 malntalned at a lev81 equivalent to between three and six months expendlture. The trustees conslder that reserves at thls level wlll ensure that, In the event of a slgnlficant drop In fundlng, they wlll be able to continue the charity's current acllvities while conslderatlon Is glven to ways in whlch addltional funds may be ralsed. Thls level ol reserves has not been maintained throughout the period. The twstees still believe that this is a suitable reserves policy, and want to bring ihe r8seNe lev81 bad( w•thin th8 requlred range. At tho accountlng date free r6seprfes ware £11,157 (2023: 26,833). structure• govomance and management The charity was incorporated as a Company limited by guaranl8e cffl 24th June 2010 and Is govemed by Its Memorandum and Arttcles ofAssociation. It is registered as a charity. The trustees, who are also the dlrector5 for the purpose of cJ)mpany law. and who 8eNed durSng the perlod were.. J Roberts A Clark NAIO M Kissall Th8 Tru8tees rnet three tlmes In the year- 25 February, 9 June and 27 October. J Roberts was one of the fi1 trustees to serve and was one of the persons named In the ststement dellvered pursuant to Sectlon 12(1) of the Companles Act 2006. Future trustees shall be appolnted as provSded In the MeMorarum and Articles of Associailon. All trustees were issued with a copy of The Essential Trustee published by the Charities Comrnission. At the first meeting of the trustees the roles and responsibilities were clearly set oul. Non• of th• trustees has any beneficial inlerest in Ihe company. All of the truslees are m8mbern of the company and guarant88 to contribute £10 in the event of a winding up. The Board of Trustees manages the affalrs of the charlty and meets three tlmes a year. The Leadershlp Team undertake the day to day operation of the charlty under guldance provSded by the board of trustees. In additlon to thls the Leedershlp Team Is responslble for the: 1. appointment and removal of pastors and other fu114ime or part-tsme employees of the Charity appointed lo eX8rcise pastoral or other rninistry responsibility wllhin the Church 2. M8mb8rship of any (x)ngregalion of th8 Charity; 3. Al questions of doctrin8; 4. Al question$ relating to the pr88ching of the goBpel and: 5. Appointment and removal of Leaders The Charlty looks to St Mary's Bryanston Square, London for splritual oversight. advlce and frfendshlp. The trustees have assessed the major risks to which Ihe charity Is exposed. and are satlsfied that systems are in place to mitigate exposure to the major risks. The tnJste8s' report s approved by the Board of Truste8S. J Roberts Trustee I& APRIL 202f
CONNECT CHURCH CHORLEYWOOD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CONNECT CHURCH CHORLEYWOOD I report on the financial statements of the charity for the year ended 31 December 2024, which are sel out on pages 4 to 12. R•spectlve responsibllities of trustees and examlner The truslees, who are also the directors of Connect Church Chorleywood for the purposes of company law, are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144{2} of the Charities Act 2011, the 2011 Act. and that an independent examination is needed. Having satisfied myself that thè charity is not subject lo audit under company law and is eligible for independent examination, it is my responsibility to.. examine the financial statements under section 145 of the 2011 Act., lil) to follow the pro¢edures laid down in the general Directions given by th8 ChaTlty Commission under section 14515llbl of thè 2011 Act.. and lili) to stale whether particular matters have come to my attention. Basis of Independent examlner's roport My examination was carried out in a¢cordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as trustees concerning any su¢h matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those mallers set out in tts slatemenl below. Independent oxamlnor's Statèmont In connection with my examination, no matter has come lo my attention.. la) which gives me reasonable cause to believe that in any material respect the requlrements.. lo keep accounting records in accordance with section 386 of the Companies Act 2006., and (lil lo prepare financial slalements which accord with the accounting records, comply with the accounting requirements of sèclion 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Pracllc8.' Accounting and Reporting by Charities. have not been met or Ibl lo which, in my opinion, attention should financial slalemenl lo rea hed. e drawn in order to enable a proper understanding of the Nicholas Corden A For and on behalf of Summers Morgan Flrst Floof, Sheraton House Lower Road Chorleywood Hertfordshire WD3 5LH Dated..
CONNECT CHURCH CHORLEYWOOD BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Flxod assets Tangible assets Current a$$ets Debtors Cash at bank and in hand 13.072 21,870 13,124 38.609 34,942 51.733 Crndltor8: amoun1• falllng dua wlthln on• yoar (8,790) (3,6101 Net current assets 28,152 48,123 Totsl as8ots1•88 curr•nt Ilablllll•• 26,159 48,130 In¢omo fund$ Restricted funds Deslgnated funds Unraslrictod funds - general 11 12 7,775 7,220 11.164 10.327 10,983 26,840 26,159 48,130 The company 5s entltled to Ihe exemptlon from the audlt requlrement cont8lned In sactlon 477 of the Companle8 Act 2006. for the year ended 31 December 2024. The members have not requlred the cornpany to obtaln an audlt of Its finandal statsments for the year In questlon in accordance with section 476. The director acknowledges his responsiblllties for complying wrth the requirements of the Companies Act 2006 with respect to accountlng records and the preparatlon of flnanclal ststements. These flnanclal statements have been prepared In accordance wlth the provlsk>ns appllcable to companles subJed to the small Companles regim8. IL AbQ¢lL 2025 The accounts were approved by the Trustees on ......................... J Robert8 Trustee Company R•gl¥lratlon No. 07294101
CONNECT CHURCH CHORLEYWOOD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting poli¢ioS Company Inforniatlon Connect Church Chorleywood is a private company limited by guarantee incorporated in England and Wales. The registered office is 91 Whilelands Avenue, Chorleywood. Hertfordshire, WD3 5RQ. 1.1 Accounting convention The financial stalemenls have been prepared in accordance wilh the charills governing document. the Companies Act 2006 and "Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicab16 to charities preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Enlily as defined by FRS 102. The charity has taken advantagè of the provisions in the SORP for charities applying FRS 102 Updaté Bu118tin 1 not to prepare a Statement of Cash Flows. The flnanclal statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial slalemenls are rounded lo the nearest £. The financial statements have been prepared under the historical cost convention. Thè principal accounting pollciès adopted are set out below. 1.2 Golng concern At the lime of approving the accounts, the Iruslees have a reasonable expectation that the charity has adèquatè resources lo continue in operational existence for the foreseeable future. Thus the Iruslees, continue lo adopt the going concern basis of accounting in preparing the accounls. 1.3 Charltable funds Unreslricled funds are avallablé for use at the discretion of the Irustees in furth8ranc8 of their ¢harilable objectives. Designated funds comprisè funds which have been set aside al the discretion of the Iru5tees for specific purposes. The purposes and uses of the designated funds are sel out in the notes lo the financial slalements. Reslricled funds are subject to specific conditions by donors or grantors as lo how they may be used. The purposes and uses of the restricted funds are sèl out in the notes lo the financial slalements. 1.4 Incomlng resources Income is recognised when the charity is legally entitled to il after any p8rformance conditions have been mel, the amounts can be measured reliably, and it is probable that income will be received. Cash donalions are iecognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised al the lime of the donation. 1.5 Resources expended Expendilure is recognised on the accruals basis. Grants and donations paid are accounted for when paid. Irrecoverable VAT is charged against the category of resources expended for which il was incurred.
CONNECT CHURCH CHORLEYWOOD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountin9 policles {Contlnuedl 1.6 Tangible fixed assets Tangible fixed assets are initially measured al cost and subsequently measured al cost or valuation, net ol depreciation and any impairment losses. Depreciation Is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the followin9 bases.. Planl and machinery 3 years slraighl line The gain or loss arislng on the disposal of an asset is delermined as the difference between th8 sale proceeds and the carrying value of the assel, and is recognis&d in the slalemersl of financial activities. 1.7 Cash and cash equlvalpnts Cash and cash equivalents include cash In hand, deposits held at ¢all with banks. other short-lerm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts ar8 shown within borrowings in current liabilities. 1.8 Flnanclal Instrumont$ The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial Instruments. Basic financial instruments are initially recognised 81 transaction value and subsequently measured al their settlement value. 1.9 Retlroment benefSts Paymenls to defined contrlbulion r81iremÈnt benefit schemes are charged as an expense as they fall due. Expendlture on charltabla acllvlties Church Actlvltles 2024 Church Acllvltles 2023 Dlrect costs Staff costs Other costs 45,524 13,103 37,783 12,588 58,627 50,371 Grant funding of activities (s8e note 3) 24,054 13,350 82.681 63,721 Analysis by fund Unreslricled fund5 Designated funds R8Stri¢ted funds 58,627 17,600 6,454 50,371 9,300 4,050 82,681 63,721 Other Gosls include fees in respect of the independent examination of £1,800 (2023.. £1,800).
CONNECT CHURCH CHORLEYWOOD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Grants payablo Church activities Church activities 2023 2024 Grants to institutions.. Charis Tiwala Tru51 Christians Against Poverty Every Life (formerly Revelation Lif6) Harpa Del Mountain Springs Ministries New Hope Allslars other 2,200 2,237 3,000 2,700 356 9,500 1,298 3,000 600 100 15,691 9,300 Grants lo indivlduals 8,363 4,050 24.054 13,350 Trustées None of the trustees {or any persons connected with them) received any remuneration or ben&fits from the charity during the year. other than J Roberts and A Clark. J Robert5 received a salary of £012023.. £0) for his position as senior pastor logelher with pension contributions of £5,159 (2023.. £3,152). J Roberts was also provided with £ 4.941 for house running costs. A Clark received a salary of £012023.. £3,848) for his position as Church Manager with pension contributions of £1,03412023= £491 }. In addition, within the year J Roberts and A Clarke donaled £252 and £81 respectively lo reslricl8d funds.
CONNECT CHURCH CHORLEYWOOD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Total Employment costs 2024 2023 Wages and salaries Other pension costs Accomod81ion benefit 20,667 8,466 16,391 14,046 7,468 16,269 45,524 37,783 Taxatlon Thè charlly Is exempl from taxation on its activities because all Ils Sncome is applied for charltable purposes. Tanglble fixod assets Pljnt Jnd m4¢hln•ry Cost Al 1 January 2024 3,639 Al 31 December 2024 3,639 Dopreclallon and Impalrmant Al 1 January 2024 3,632 Al 31 December 2024 3,632 Carrylng amount Al 31 December 2024 Al 31 December 2023 Debtors 2024 2023 Amounts lalllng due wlthln one year., Other debtors Prepayments and acciued income 12,210 862 12,300 824 13,072 13,124
CONNECT CHURCH CHORLEYWOOD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Creditors: amounts falling due wlthSn one year 2024 2023 Other taxation and social security Other creditors Accruals and d8f8rred income 480 904 2,226 977 7,808 8,790 3,610 10 Retlrement beneflt schemes 2024 2023 Deflnèd contrlbutlon schemes Charge lo profil or loss in respect of defined conlribution schemes 8,466 7,468 The ¢harily operates a (Jefined contribution pension schèmè for all qualifying employees. The assets of the schem8 ar8 held separately from those of the charity in an independently administered fund. 11 Ro8lrleted funds The Income funds of the charity include restricted funds as follows.. Movement In funds In¢omlng R•$our¢•* Balance at r•8ourc?¥ expended1 January 2024 Movomont In funds Incomlng R•sourc•8 Balane• at r•soure•s •xp•ndèd 31 D•cèmb•r 2024 Balanco at 1 J•nu•ry 2023 Hardship CAPIEvery Life 2023 CAPIN6w Hope 2024 Other 11,471 2,300 14,0501 9,722 2.550 (4,650) 7,622 538 542 253 1790) 743 356 {595) (4191 148 63 63 11,539 2,838 (4.0501 10,327 3,902 {6,4541 7,775 Th8 Hardship Fund represents monies collected for speclfic individuals facing financial hardship. The CAPIEvery Life Fund represents monies collected as gifts for Iwo charities supported by the church members over the Christmas period. 10-
CONNECT CHURCH CHORLEYWOOD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 (Continued) 12 Designated funds The income funds of the charity include the following designaled funds which have been sel aside out of unrestricted funds by the trustees for specific purposes.. At 1 January 2024 At31 December 2024 Local Projects Global Poor The Suffering Church 2,706 3,360 4.897 1.025 2,679 3.516 10,963 7,220 Prèvlous year: At 1 January 2023 At31 Decomb6r 2023 Local Projects Global Poor The Suffering Church 1,124 878 2,714 2,706 3,360 4,897 4,716 10,963 30°/g of all giftsltithe income is allocated for giving, as follows.. Local Projects deslgnated fund lo gift as financial support lo other charities. organisalions and individuals having the same or similar objects as the Charity that operate locally lo the Charity. Global Projects deslgnated fund to gift as financial support lo other charities, organisations and individuals having the same or similar objecls as the Charity that operate globally. Sufforlng Church dèsignated fund to gift as financial support lo other charities, organisations and individuals having the same or similar objects as the Charlty that operate in areas whère the Christian Church particularly suffei oppression or pèrsecution. Each designated fund above receives 1 Ooh of every nel donation received, Gift Aid is not included as part of this calculation. 11
CONNECT CHURCH CHORLEYWOOD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13 Analysis of not assets between funds Unrestrlcted Deslgnated funds funds Restrlcted funds Total 2024 2024 2024 2024 At 31 December 2024: Tangible assets Current asselsl{liabilitiesl 11,157 7,220 7.775 26,152 11,164 7,220 7,775 26,159 Unrestrlcted Deslgnated funds funds Reslrlctgd funds Total 2023 2023 2023 2023 Al 31 December 2023: Tangible assets Current assetsllliabililiesl 26,833 10,963 10,327 48,123 26,840 10,963 10,327 48,130 14 Related party transactlon8 Other than those disclosed in not6 4, relatèd party transactions during the year were £0 {2023'. £01 12