**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 IrspJns1Tr*ility 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 F*eo meL or
(2) to Whic tn my attellI sIld bethawD itt wdertyathk ofth¢ to b¢
reached.
Name.. An8ela tknyle
dJs4Q
meaing.
Page 6