## **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 co￿￿E(￿ C"HL RC'H IN RESPECTOF THE ACCOI'liTS FOR I EAR ENDIJG JO ThOI'EMBER 202• The chariry's Iruslev5 are T£S￿nsIble 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(k￿kn1 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¥amin￿l0¢) was rarrie4J out in ￿￿rds￿L￿ with get￿[81 Dir¢¢ti0tis b)" the (l￿rity Commission. An eXMMin￿ioTr includes a olthe ac£ountin8 It￿T&S kqrt the chants a￿1 a cx)mws(ffi olthc ￿t￿nts FttsenTed Hith thoqe rox)rdk It alMI illLlu(ks WnSide￿illn i)lan! items or di￿10￿￿TE5 in the &xx)unL& WMJ +Kdin8 explan￿1￿5 fn)m tru51ce wnr¢ming anj sulh rnJ)uers. The undffl&en Lk) t￿1.1￿¢ 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 SWL*nent There are rKb matters that have L￿)e my al*n￿)rt. I I I which gi&es me rrasonable ¢4L5¢ ￿ Ixlirbe in •ny matrri￿ rrsF4 th¢ r¢4ulry￿ts: keo ￿￿￿n11n8 rtsu>rds in with 130 ofthe 2011 kn" aTwJ iu xwunts V4hich ￿]th the I￿X￿8 arml amnply with the &)xwniin8 ro4UiftThenLS or the ?01 l Ad ha*¢ noi meL or 121 to wthich. in mj opinion. attrntion SIX￿Id ￿ ¢hwn in orts ￿ enable a [￿0[￿ unthryanding ofthe *o)unts to tr rtr&hed. Name: Angela tkn¥le Signature Date.. 'lthe foregoivg summaTh sLqtrM￿l of Ac¢(*mts 4¥VDved h the TnL#ets ofthe alNJb'e th8rity * thcir me¥tin8.