Connect Group CIO Registered UK Charity No: 1171750
End of Year Financial Statements
Year ending 31 Nov 2021
Page 1
Statement of Financial Activities
| Unrestricted RestrictedEndowment Total Prior year funds funds funds fundstotal funds |
Unrestricted RestrictedEndowment Total Prior year funds funds funds fundstotal funds |
|---|---|
| Income and endowments from: | |
| Donations and legacies | 18,873 3,179 — 22,052 21,540 |
| Income from charitable activities | 14,624 3,396 — 18,021 18,487 |
| Other trading activities | — — — — 103 |
| Investments | — — — — 7,644 |
| Other income | 26,253 0 — 26,253 17,128 |
| Total income | 59,751 6,575 — 66,326 64,903 |
| Expenditure on: | |
| Expenditure on charitable activities | 11,869 33,867 — 45,737 22,049 |
| Other expenditure | 35,619 — — 35,619 33,718 |
| Total expenditure | 47,489 33,867 — 81,356 55,768 |
| Gains / losses on investment assets | — 7,556 — 7,556 — |
| Net income / (expenditure) resources before transfer |
12,262 (19,736) — (7,473) 9,135 |
| Transfers | |
| Gross transfers between funds - in | — — — — — |
| Gross transfers between funds - out | — — — — — |
| Other recognised gains / losses | |
| Gains on revaluation, fxed assets, charity's own use |
3,400 — — 3,400 — |
| Net movement in funds | 15,662 (19,736) — (4,073) 9,135 |
| Total funds brought forward | (223,320) 410,542 — 187,221 178,086 |
| Total funds carried forward | (207,657) 390,805 — 183,147 187,221 |
| Represented by | |
| Unrestricted | |
| General fund | (205,407) — — (205,407) (223,124) |
| Designated | |
| Missions | (192) — — (192) (192) |
| Outreach | (2,058) — — (2,058) (3) |
| Restricted | |
| Build Fund | — 389,438 — 389,438 410,542 |
| Roof Fund | — 1,367 — 1,367 — |
Balance sheet
| Class and code Description |
This year Last year |
|---|---|
| Fixed assets | |
| 1013 Property |
270,000 262,444 |
| 1015 Equipment |
3,400 — |
| Total Fixed assets | 273,400 262,444 |
| Current assets | |
| 4321 Current Account Connect Church |
19,290 8,812 |
| 4322 Connect Savings repay mortgage |
1,134 523 |
| 4323 Connect Reserve Emergency Account |
12,025 12,024 |
| Total Current assets | 32,450 21,360 |
| Liabilities | |
| 6699 Agency collections |
459 340 |
| Z04 Accounts Payable |
122,242 96,242 |
| Total Liabilities | 122,702 96,582 |
| Net Asset surplus(defcit) | 183,147 187,221 |
| Page 2 |
| Reserves | |
| Excess / (defcit) to date | (15,029) 9,135 |
| Z01 Starting balances |
190,621 178,086 |
| Z02 Other gains/(losses) |
7,556 — |
| Z03 Gains/(losses) on reval of fxed assets |
— — |
| Total Reserves | 183,147 187,221 |
| Represented by funds | |
| Unrestricted | (205,407) (223,124) |
| Designated | (2,250) (195) |
| Restricted | 390,805 410,542 |
| Endowment | — — |
| Total | 183,147 187,221 |
Statement of assets and liabilities
| year | GeneralDesignatedRestrictedEndowmentThis year Last |
|---|---|
| Fixed assets - Tangible assets | |
| Property - | (145,200) — 415,200 — 270,000 262,444 |
| Equipment - | 3,400 — — — 3,400 — |
| Totals | (141,800) — 415,200 — 273,400 262,444 |
| Current assets - Cash at bank and in hand |
|
| Current Account Connect Church - | (64,185) (14,250) 97,726 — 19,290 8,812 |
| Connect Savings repay mortgage - | 553 — 581 — 1,134 523 |
| Connect Reserve Emergency Account - | 25 12,000 — — 12,025 12,024 |
| Totals | (63,607) (2,250) 98,308 — 32,450 21,360 |
| Liabilities - Agency accounts | |
| Agency collections - | — — 459 — 459 340 |
| Totals | — — 459 — 459 340 |
| Liabilities - Creditors: Amounts falling due in one year |
|
| Accounts Payable - | — — 122,242 — 122,242 96,242 |
| Totals | — — 122,242 — 122,242 96,242 |
| Grand total | (205,407) (2,250) 390,805 — 183,147 187,221 |
Fund movement by type
Opening Incoming Outgoing TransfersGains/losses Closing
| Opening Incoming Outgoing TransfersGains/losses Closing | |
|---|---|
| RoofF - Roof Fund | |
| Restricted | — 1,367 — — — 1,367 |
| Sub-total for RoofF | — 1,367 — — — 1,367 |
| BuildF - Build Fund | |
| Restricted | 410,542 5,208 33,867 — 7,556 389,438 |
| Sub-total for BuildF | 410,542 5,208 33,867 — 7,556 389,438 |
| IntlMiss - Missions | |
| Designated | (192) — — — — (192) |
| Sub-total for IntlMiss | (192) — — — — (192) |
| Outreach - Outreach | |
| Designated | (3) 320 2,375 — — (2,058) |
| Sub-total for Outreach | (3) 320 2,375 — — (2,058) |
| General - General fund | |
| Unrestricted | (223,124) 59,431 45,114 — 3,400 (205,407) |
| Sub-total for General | (223,124) 59,431 45,114 — 3,400 (205,407) |
| Grand total | 187,221 66,326 81,356 — 10,956 183,147 |
Page 3
Analysis of income and expenditure
| — — — — — — |
||
| 14,539 85 3,396 — 18,021 18,487 |
||
| — — — — — 103 |
||
| — — — — — 103 |
||
| — — — — — 7,644 |
||
| — — — — — 7,644 1 — 0 — 1 16 17,401 — — — 17,401 14,254 3,662 — — — 3,662 2,856 |
||
| 5,188 — — — 5,188 — |
||
| Total | 26,253 — 0 — 26,253 17,128 |
|
| INCOME TOTAL | 59,431 320 6,575 — 66,326 64,903 |
|
| EXPENDITURE Expenditure on charitable activities 2001 - Utilities 1,722 — — — 1,722 2,504 2012 - Food & Consumables 559 — — — 559 174 2013 - Fuel & Vehicles — — — — — 160 2014 - Building & Repairs 287 1,480 27,353 — 29,121 6,351 2016 - Training — — — — — — 2017 - Travel 50 — — — 50 — 2018 - GAS/ELECTRIC/WATER — — — — — — 2019 - MINISTRY GIFTS — — — — — 36 2020 - SOCIAL EXPENSE — — — — — 34 2021 - SUNDAY SCHOOL 100 — — — 100 57 2022 - OUTREACH — 19 — — 19 68 2023 - MISSIONS — — — — — 560 2024 - VENUE HIRE — — — — — — |
Page 4
| 2025 - CHRISTIAN RESOURCES 2027 - WEBSITE COST 2028 - LICENSES CCLI 2029 - DBS_POLICIES 2030 - TEA/COFFEE/consumables 2032 - LOAN REPAYMENT 2033 - BANK CHARGES 2034 - GARDENS 2035 - MORTGAGE 2036 - EMERGENCY NEEDS 2037 - EVENTS 2038 - MISCELLANEOUS Total Other expenditure 2002 - Professional Fees 2003 - Ofce/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 |
— — — — — — 19 — — — 19 — 132 — — — 132 — 129 — — — 129 132 — — — — — — — — — — — — — — — — — 15 137 824 — — 961 135 6,371 — 6,513 — 12,885 11,772 — — — — — — — — — — — — |
|---|---|
| 36 — — — 36 45 |
|
| 9,545 2,324 33,867 — 45,737 22,049 812 — — — 812 — 304 — — — 304 1,159 34 3 — — 37 185 543 — — — 543 498 720 — — — 720 2,774 891 — — — 891 249 31,225 — — — 31,225 26,656 89 — — — 89 — 607 — — — 607 490 — 47 — — 47 — — — — — — 309 — — — — — — |
|
| 340 — — — 340 1,396 |
|
| Total | 35,568 50 — — 35,619 33,718 |
| EXPENDITURE TOTAL | 45,114 2,375 33,867 — 81,356 55,768 |
| GRAND TOTAL | 14,317 (2,055) (27,292) — (15,029) 9,135 |
Conclusion : The pandemic and enforced closures restricted our activities however donations and venue hire have been holding out well regardless. The furlough payment scheme also meant we could maintain our staff on 100 percent of their salaries. Significant costs this year have been the roof which needed to be replaced at a cost of £26K. This was covered by an advance on our mortgage and mitigated by a large reduction in our interest rate from just over 7 percent to just over 3 percent. Our monthly mortgage payments are reduced overall despite the advance.
This report dated: 25 June 2022
Page 5
RepoRT OF THE INDEPENDENT EXAMINER TO THE MANAGEMENTTRiisfEFS AND MEMBE OF CONNE CHURCH IN RLSPEcfoF THE ACCOU FK)R YEAR Ef4Dif4G 3QTH NOVEMBER 2ty21 tth sectton 14412) of th¢ chariEies Act 2011 (the 2011 ALX) dtha ttInatIon is It 15 rny IrspJns1Trility tw. EMmin¢ th¢ 145 ofth¢ 2011 A¥t of th¢ 2011 Art Jud cotk5equentty no opinion isgivcn a51oivhthdK pr5grt I.tr view the rqmxt is Illnia those mattetS sd out iti th¢ statement below. the 2011 Act have not Feo meL or (2) to Whic tn my attellI sIld bethawD itt wdertyathk ofth¢ to b¢ reached. Name.. An8ela tknyle dJs4Q meaing. Page 6