Connect Group CIO
End of Year Financial Statements
Year ending 30 Nov 2020
Page 1
Statement of Financial Activities
| Unrestricted Restricted Endowment Total Prior year funds funds funds funds total funds |
|
|---|---|
| Income and endowments from: Donations and legacies Income from charitable activities Other trading activities Investments Other income Total income Expenditure on: Expenditure on charitable activities Other expenditure Total expenditure Gains / losses on investment assets Net income / (expenditure) resources before transfer Other recognised gains / losses Gains on revaluation, fixed assets, charity's own use Net movement in funds Total funds brought forward Total funds carried forward Represented by Unrestricted General fund Designated Missions Outreach Restricted Building Fund |
18,053 3,487 — 21,540 30,791 14,811 3,676 — 18,487 15,179 103 — — 103 — — 7,644 — 7,644 — 17,126 1 — 17,128 10,277 |
| 50,094 14,808 — 64,903 56,247 14,576 7,472 — 22,049 98,704 31,595 2,122 — 33,718 44,789 |
|
| 46,172 9,595 — 55,768 143,494 — — — — (140,000) |
|
| 3,921 5,213 — 9,135 (227,246) — — — — 400,000 |
|
| 3,921 5,213 — 9,135 172,753 |
|
| (227,241) 405,328 — 178,086 5,333 |
|
| (223,320) 410,542 — 187,221 178,086 (223,124) — — (223,124) (227,270) (192) — — (192) (37) (3) — — (3) 65 — 410,542 — 410,542 405,328 |
Balance sheet
| Class and code Description |
This year Last year |
|---|---|
| Fixed assets 1013 Property Total Fixed assets Current assets 4321 Current Acount Connect Church 4322 Connect Savings repay mortgage 4323 Connect Reserve Emergency Account Total Current assets Liabilities 6699 Agency collections Z04 Accounts Payable Total Liabilities Net Asset surplus(deficit) Reserves Excess / (deficit) to date Z01 Starting balances Z02 Other gains/(losses) |
262,444 254,800 |
| 262,444 254,800 8,812 7,600 523 142 12,024 12,009 |
|
| 21,360 19,752 340 222 96,242 96,242 |
|
| 96,582 96,465 |
|
| 187,221 178,086 |
|
| 9,135 (84,666) 178,086 2,752 — (140,000) |
Page 2
Z03
| Gains/(losses) on reval of fixed assets Total Reserves Represented by funds Unrestricted Designated Restricted Endowment Total |
— 400,000 |
|---|---|
| 187,221 178,086 (223,124) (227,270) (195) 28 410,542 405,328 — — |
|
| 187,221 178,086 |
Statement of assets and liabilities
| General Designated Restricted Endowment |
This year Last year |
|
|---|---|---|
| Fixed assets - Tangible assets Property - Totals Current assets - Cash at bank and in hand Current Acount Connect Church - Connect Savings repay mortgage - Connect Reserve Emergency Account - Totals Liabilities - Agency accounts Agency collections - Totals Liabilities - Creditors: Amounts falling due in one year Accounts Payable - Totals Grand total |
(145,200) — 407,644 — |
262,444 254,800 |
| (145,200) — 407,644 — (78,452) (12,195) 99,459 — 503 — 20 — 24 12,000 — — |
262,444 254,800 8,812 7,600 523 142 12,024 12,009 |
|
| (77,924) (195) 99,480 — — — 340 — |
21,360 19,752 340 222 |
|
| — — 340 — — — 96,242 — |
340 222 96,242 96,242 |
|
| — — 96,242 — |
96,242 96,242 |
|
| (223,124) (195) 410,542 — |
187,221 178,086 |
Fund movement by type
| Opening Incoming Outgoing Transfers |
Gains/losses Closing |
|
|---|---|---|
| BuildF - Building Fund Restricted Sub-total for BuildF IntlMiss - Missions Designated Sub-total for IntlMiss Outreach - Outreach Designated Sub-total for Outreach General - General fund Unrestricted Sub-total for General Grand total |
405,328 14,808 9,595 — |
— 410,542 |
| 405,328 14,808 9,595 — (37) 405 560 — |
— 410,542 — (192) |
|
| (37) 405 560 — 65 — 68 — |
— (192) — (3) |
|
| 65 — 68 — (227,270) 49,689 45,543 — |
— (3) — (223,124) |
|
| (227,270) 49,689 45,543 — |
— (223,124) |
|
| 178,086 64,903 55,768 — |
— 187,221 |
Page 3
Analysis of income and expenditure
| Unrestricted Designated Restricted Endowment INCOME AND ENDOWMENTS Donations and legacies 1001 - Gift Aid Giving 14,673 215 3,428 — 1002 - Anonymous Giving 3,164 — 59 — Total 17,838 215 3,487 — Income from charitable activities 1003 - Venue Hire 6,950 — — — 1009 - OFFERINGS 7,670 190 3,676 — Total 14,621 190 3,676 — Other trading activities 1013 - Sales 103 — — — Total 103 — — — Investments 1014 - Appreciation — — 7,644 — Total — — 7,644 — Other income 1005 - Interest 15 — 1 — 1007 - Refunds 14,254 — — — 1008 - Gift Aid Rebate 2,856 — — — Total 17,126 — 1 — |
Unrestricted Designated Restricted Endowment |
Total This year Last year 18,316 17,676 3,223 13,114 |
|---|---|---|
| 17,838 215 3,487 — 6,950 — — — 7,670 190 3,676 — |
21,540 30,791 6,950 12,175 11,536 3,003 |
|
| 14,621 190 3,676 — 103 — — — |
18,487 15,179 103 — |
|
| 103 — — — — — 7,644 — |
103 — 7,644 — |
|
| — — 7,644 — 15 — 1 — 14,254 — — — 2,856 — — — |
7,644 — 16 11 14,254 650 2,856 9,615 |
|
| 17,126 — 1 — |
17,128 10,277 |
|
| INCOME TOTAL | 49,689 405 14,808 — |
64,903 56,247 |
EXPENDITURE
| Expenditure on charitable activities | ||||||
|---|---|---|---|---|---|---|
| 2001 - Utilities | 2,504 | — | — | — | 2,504 | — |
| 2012 - Food & Consumables | 174 | — | — | — | 174 | 176 |
| 2013 - Fuel & Vehicles | 160 | — | — | — | 160 | 442 |
| 2014 - Building & Repairs | 3,683 | — | 2,667 | — | 6,351 | 35,747 |
| 2017 - Travel | — | — | — | — | — | 10 |
| 2019 - MINISTRY GIFTS | 36 | — | — | — | 36 | 43 |
| 2020 - SOCIAL EXPENSE | 34 | — | — | — | 34 | 58 |
| 2021 - SUNDAY SCHOOL | 57 | — | — | — | 57 | 120 |
| 2022 - OUTREACH | — | 68 | — | — | 68 | 239 |
| 2023 - MISSIONS | — | 560 | — | — | 560 | 110 |
| 2024 - VENUE HIRE | — | — | — | — | — | 85 |
| 2025 - CHRISTIAN RESOURCES | — | — | — | — | — | 134 |
| 2028 - LICENSES CCLI | — | — | — | — | — | 120 |
| 2029 - DBS_POLICIES | 132 | — | — | — | 132 | — |
| 2030 - TEA/COFFEE/consumables | — | — | — | — | — | 1 |
| 2032 - LOAN REPAYMENT | — | — | — | — | — | 50,001 |
| 2033 - BANK CHARGES | 15 | — | — | — | 15 | — |
| 2034 - GARDENS | 135 | — | — | — | 135 | — |
| 2035 - MORTGAGE | 6,967 | — | 4,805 | — | 11,772 | 11,324 |
| 2037 - EVENTS | — | — | — | — | — | 21 |
| 2038 - MISCELLANEOUS | 45 | — | — | — | 45 | 66 |
| Total | 13,947 | 628 | 7,472 | — | 22,049 | 98,704 |
Page 4
| Other expenditure 2002 - Professional Fees 2003 - Office/Centre Equipment 2004 - Stationery 2005 - Security 2006 - Insurance 2007 - Fire Services 2008 - Salaries 2009 - Computer & Software 2010 - Telephone & Internet 2011 - Post 2015 - Cleaning 2039 - Depreciation 2040 - Refunds Total |
— — — — 1,159 — — — 185 — — — — — 498 — 1,149 — 1,624 — 249 — — — 26,656 — — — — — — — 490 — — — — — — — 309 — — — — — — — 1,396 — — — |
— 1,079 1,159 1,136 185 77 498 1,031 2,774 2,052 249 588 26,656 29,914 — 63 490 317 — 2 309 — — 5,200 1,396 3,325 |
|---|---|---|
| 31,595 — 2,122 — |
33,718 44,789 |
|
| EXPENDITURE TOTAL | 45,543 628 9,595 — |
55,768 143,494 |
| GRAND TOTAL | 4,145 (223) 5,213 — |
9,135 (87,246) |
• Conclusion
Despite a difficult year under Covid 19 – and the church premises remaining closed for much of 2020 – Connect Group CIO has maintained a good financial position from a combination of support. This includes:
-
The job retention scheme / flexi furlough (shows as ‘refunds’ to salary payments above)
-
A new tenant able to hire our premises during non lockdown periods
-
Reduced utility bills, a mortgage holiday and suppliers being amenable to payment plans
-
Additional new hires / support for the proposed garden area
This report dated: 20 June 2021
Page 5
Connect Group CIO
End of Year Financial Statements
Year ending 30 Nov 2020
Page 1
Statement of Financial Activities
| Unrestricted Restricted Endowment Total Prior year funds funds funds funds total funds |
|
|---|---|
| Income and endowments from: Donations and legacies Income from charitable activities Other trading activities Investments Other income Total income Expenditure on: Expenditure on charitable activities Other expenditure Total expenditure Gains / losses on investment assets Net income / (expenditure) resources before transfer Other recognised gains / losses Gains on revaluation, fixed assets, charity's own use Net movement in funds Total funds brought forward Total funds carried forward Represented by Unrestricted General fund Designated Missions Outreach Restricted Building Fund |
18,053 3,487 — 21,540 30,791 14,811 3,676 — 18,487 15,179 103 — — 103 — — 7,644 — 7,644 — 17,126 1 — 17,128 10,277 |
| 50,094 14,808 — 64,903 56,247 14,576 7,472 — 22,049 98,704 31,595 2,122 — 33,718 44,789 |
|
| 46,172 9,595 — 55,768 143,494 — — — — (140,000) |
|
| 3,921 5,213 — 9,135 (227,246) — — — — 400,000 |
|
| 3,921 5,213 — 9,135 172,753 |
|
| (227,241) 405,328 — 178,086 5,333 |
|
| (223,320) 410,542 — 187,221 178,086 (223,124) — — (223,124) (227,270) (192) — — (192) (37) (3) — — (3) 65 — 410,542 — 410,542 405,328 |
Balance sheet
| Class and code Description |
This year Last year |
|---|---|
| Fixed assets 1013 Property Total Fixed assets Current assets 4321 Current Acount Connect Church 4322 Connect Savings repay mortgage 4323 Connect Reserve Emergency Account Total Current assets Liabilities 6699 Agency collections Z04 Accounts Payable Total Liabilities Net Asset surplus(deficit) Reserves Excess / (deficit) to date Z01 Starting balances Z02 Other gains/(losses) |
262,444 254,800 |
| 262,444 254,800 8,812 7,600 523 142 12,024 12,009 |
|
| 21,360 19,752 340 222 96,242 96,242 |
|
| 96,582 96,465 |
|
| 187,221 178,086 |
|
| 9,135 (84,666) 178,086 2,752 — (140,000) |
Page 2
Z03
| Gains/(losses) on reval of fixed assets Total Reserves Represented by funds Unrestricted Designated Restricted Endowment Total |
— 400,000 |
|---|---|
| 187,221 178,086 (223,124) (227,270) (195) 28 410,542 405,328 — — |
|
| 187,221 178,086 |
Statement of assets and liabilities
| General Designated Restricted Endowment |
This year Last year |
|
|---|---|---|
| Fixed assets - Tangible assets Property - Totals Current assets - Cash at bank and in hand Current Acount Connect Church - Connect Savings repay mortgage - Connect Reserve Emergency Account - Totals Liabilities - Agency accounts Agency collections - Totals Liabilities - Creditors: Amounts falling due in one year Accounts Payable - Totals Grand total |
(145,200) — 407,644 — |
262,444 254,800 |
| (145,200) — 407,644 — (78,452) (12,195) 99,459 — 503 — 20 — 24 12,000 — — |
262,444 254,800 8,812 7,600 523 142 12,024 12,009 |
|
| (77,924) (195) 99,480 — — — 340 — |
21,360 19,752 340 222 |
|
| — — 340 — — — 96,242 — |
340 222 96,242 96,242 |
|
| — — 96,242 — |
96,242 96,242 |
|
| (223,124) (195) 410,542 — |
187,221 178,086 |
Fund movement by type
| Opening Incoming Outgoing Transfers |
Gains/losses Closing |
|
|---|---|---|
| BuildF - Building Fund Restricted Sub-total for BuildF IntlMiss - Missions Designated Sub-total for IntlMiss Outreach - Outreach Designated Sub-total for Outreach General - General fund Unrestricted Sub-total for General Grand total |
405,328 14,808 9,595 — |
— 410,542 |
| 405,328 14,808 9,595 — (37) 405 560 — |
— 410,542 — (192) |
|
| (37) 405 560 — 65 — 68 — |
— (192) — (3) |
|
| 65 — 68 — (227,270) 49,689 45,543 — |
— (3) — (223,124) |
|
| (227,270) 49,689 45,543 — |
— (223,124) |
|
| 178,086 64,903 55,768 — |
— 187,221 |
Page 3
Analysis of income and expenditure
| Unrestricted Designated Restricted Endowment INCOME AND ENDOWMENTS Donations and legacies 1001 - Gift Aid Giving 14,673 215 3,428 — 1002 - Anonymous Giving 3,164 — 59 — Total 17,838 215 3,487 — Income from charitable activities 1003 - Venue Hire 6,950 — — — 1009 - OFFERINGS 7,670 190 3,676 — Total 14,621 190 3,676 — Other trading activities 1013 - Sales 103 — — — Total 103 — — — Investments 1014 - Appreciation — — 7,644 — Total — — 7,644 — Other income 1005 - Interest 15 — 1 — 1007 - Refunds 14,254 — — — 1008 - Gift Aid Rebate 2,856 — — — Total 17,126 — 1 — |
Unrestricted Designated Restricted Endowment |
Total This year Last year 18,316 17,676 3,223 13,114 |
|---|---|---|
| 17,838 215 3,487 — 6,950 — — — 7,670 190 3,676 — |
21,540 30,791 6,950 12,175 11,536 3,003 |
|
| 14,621 190 3,676 — 103 — — — |
18,487 15,179 103 — |
|
| 103 — — — — — 7,644 — |
103 — 7,644 — |
|
| — — 7,644 — 15 — 1 — 14,254 — — — 2,856 — — — |
7,644 — 16 11 14,254 650 2,856 9,615 |
|
| 17,126 — 1 — |
17,128 10,277 |
|
| INCOME TOTAL | 49,689 405 14,808 — |
64,903 56,247 |
EXPENDITURE
| Expenditure on charitable activities | ||||||
|---|---|---|---|---|---|---|
| 2001 - Utilities | 2,504 | — | — | — | 2,504 | — |
| 2012 - Food & Consumables | 174 | — | — | — | 174 | 176 |
| 2013 - Fuel & Vehicles | 160 | — | — | — | 160 | 442 |
| 2014 - Building & Repairs | 3,683 | — | 2,667 | — | 6,351 | 35,747 |
| 2017 - Travel | — | — | — | — | — | 10 |
| 2019 - MINISTRY GIFTS | 36 | — | — | — | 36 | 43 |
| 2020 - SOCIAL EXPENSE | 34 | — | — | — | 34 | 58 |
| 2021 - SUNDAY SCHOOL | 57 | — | — | — | 57 | 120 |
| 2022 - OUTREACH | — | 68 | — | — | 68 | 239 |
| 2023 - MISSIONS | — | 560 | — | — | 560 | 110 |
| 2024 - VENUE HIRE | — | — | — | — | — | 85 |
| 2025 - CHRISTIAN RESOURCES | — | — | — | — | — | 134 |
| 2028 - LICENSES CCLI | — | — | — | — | — | 120 |
| 2029 - DBS_POLICIES | 132 | — | — | — | 132 | — |
| 2030 - TEA/COFFEE/consumables | — | — | — | — | — | 1 |
| 2032 - LOAN REPAYMENT | — | — | — | — | — | 50,001 |
| 2033 - BANK CHARGES | 15 | — | — | — | 15 | — |
| 2034 - GARDENS | 135 | — | — | — | 135 | — |
| 2035 - MORTGAGE | 6,967 | — | 4,805 | — | 11,772 | 11,324 |
| 2037 - EVENTS | — | — | — | — | — | 21 |
| 2038 - MISCELLANEOUS | 45 | — | — | — | 45 | 66 |
| Total | 13,947 | 628 | 7,472 | — | 22,049 | 98,704 |
Page 4
| Other expenditure 2002 - Professional Fees 2003 - Office/Centre Equipment 2004 - Stationery 2005 - Security 2006 - Insurance 2007 - Fire Services 2008 - Salaries 2009 - Computer & Software 2010 - Telephone & Internet 2011 - Post 2015 - Cleaning 2039 - Depreciation 2040 - Refunds Total |
— — — — 1,159 — — — 185 — — — — — 498 — 1,149 — 1,624 — 249 — — — 26,656 — — — — — — — 490 — — — — — — — 309 — — — — — — — 1,396 — — — |
— 1,079 1,159 1,136 185 77 498 1,031 2,774 2,052 249 588 26,656 29,914 — 63 490 317 — 2 309 — — 5,200 1,396 3,325 |
|---|---|---|
| 31,595 — 2,122 — |
33,718 44,789 |
|
| EXPENDITURE TOTAL | 45,543 628 9,595 — |
55,768 143,494 |
| GRAND TOTAL | 4,145 (223) 5,213 — |
9,135 (87,246) |
• Conclusion
Despite a difficult year under Covid 19 – and the church premises remaining closed for much of 2020 – Connect Group CIO has maintained a good financial position from a combination of support. This includes:
-
The job retention scheme / flexi furlough (shows as ‘refunds’ to salary payments above)
-
A new tenant able to hire our premises during non lockdown periods
-
Reduced utility bills, a mortgage holiday and suppliers being amenable to payment plans
-
Additional new hires / support for the proposed garden area
This report dated: 20 June 2021
Page 5
REPORT OF THE IIDEPE)DE%T EI4IIINER TO TIIF. %1.4N 4GEIIENT TRL"STEES.4ND NIEIIBERS OF coE( C"HL RC'H IN RESPECTOF THE ACCOI'liTS FOR I EAR ENDIJG JO ThOI'EMBER 202• The chariry's Iruslev5 are T£SnsIble forthe LXMthts. The rharits s uus£s a)nsider amlii is 1 required for this year vnthr sertj(m IH? l of the charitits Art ?01 I (the 2011 Aai and that an In(kkn1 ewnlrwil is [eded. li 15 my restfft$ibility to.. Lxamint the 145 of the 2011 ALt' To follow the laid th)wJ in the DJ"r#%Km5 8iVttb by" thc Chty C&Knml&s under seaim 145ISMbl i)fth¢ 201 l Aa. and M) L¥aminl0¢) was rarrie4J out in rdsL with get[81 Dir¢¢ti0tis b)" the (lrity Commission. An eXMMinioTr includes a olthe ac£ountin8 ItT&S kqrt the chants a1 a cx)mws(ffi olthc tnts FttsenTed Hith thoqe rox)rdk It alMI illLlu(ks WnSideilln i)lan! items or di10TE5 in the &xx)unL& WMJ +Kdin8 explan15 fn)m tru51ce wnr¢ming anj sulh rnJ)uers. The undffl&en Lk) t1.1¢ the e¥Iden thal required in an audiL artd on5equenilJ opinii)n 15 gi¢n a5 w whlther the xÉx)WlLS tKeseN a.vue aTrJ lair. view" ¥NI the rqKrt is limited to those m8Eters I out in the SWLnent There are rKb matters that have L)e my aln)rt. I I I which gi&es me rrasonable ¢4L5¢ Ixlirbe in •ny matrri rrsF4 th¢ r¢4ulryts: keo n11n8 rtsu>rds in with 130 ofthe 2011 kn" aTwJ iu xwunts V4hich ]th the IX8 arml amnply with the &)xwniin8 ro4UiftThenLS or the ?01 l Ad ha¢ noi meL or 121 to wthich. in mj opinion. attrntion SIXId ¢hwn in orts enable a [0[ unthryanding ofthe o)unts to tr rtr&hed. Name: Angela tkn¥le Signature Date.. 'lthe foregoivg summaTh sLqtrMl of Ac¢(mts 4¥VDved h the TnL#ets ofthe alNJb'e th8rity * thcir me¥tin8.