2020-11-30-accounts - Connect Group

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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

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

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