**REGISTERED CHARITY NUMBER: 226163**
## **REPORT OF THE TRUSTEES AND**
## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020**
## **FOR**
## **NORTH AND EAST LANCASHIRE UNITARIAN MISSION**
P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolton Lancashire BL1 3AJ
**NORTH AND EAST LANCASHIRE UNITARIAN MISSION**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**||6||
|**Notes to the Financial Statements**|7|to|11|
|**Detailed Statement of Financial Activities**||12||
## **NORTH AND EAST LANCASHIRE UNITARIAN MISSION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2020**
The trustees present their report with the financial statements of the charity for the year ended 30 September 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives**
The charity is established to support the seventeen congregations of the Mission area and to help promote Unitarianism throughout the north and east Lancashire areas.
Each year the trustees review the objectives and activities of the charity to ensure they continue to reflect their aims and provide public benefit. The trustees are more than satisfied that they do.
## **FINANCIAL REVIEW**
## **Investment policy and objectives**
All investment decisions are undertaken by the finance committee with the approval of the general committee
## **Financial controls**
NELUM has a finance committee who make recommendations to the general committee with regard to the charity's financial affairs.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **Organisational structure**
The North and East Lancashire Unitarian Mission is a registered charity (number 226163) and is one of thirteen district associations in England and the General Assembly of Unitarian and Free Christian Churches. The association is also know as NELUM.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
226163
## **Principal address**
c/o Ms K Diggle 8 Neyland Close Bolton Lancashire BL1 5DF
## **Trustees**
Ms K Diggle Reverend B Allerton Miss J Thompson Reverend B Catterall
Page 1
**NORTH AND EAST LANCASHIRE UNITARIAN MISSION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2020**
## **REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner**
A J Syddall M.A. A.C.A. P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolton Lancashire BL1 3AJ
## **Bankers**
Caf Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4TA
## **Solicitors**
Clough & Willis 2 Manchester Road Bury Lancashire BL9 0TD
## **Financial Advisers**
Charles Stanley & Co Limited 25 Luke Street London EC2A 4AR
Page 2
**NORTH AND EAST LANCASHIRE UNITARIAN**
## **MISSION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2020**
## **SECRETARY'S REPORT**
The advent of the Covid 19 virus and the subsequent lock down of the country has meant that church life along with almost everything else has been on hold during this year.
Some of our churches have used zoom to provide worship services and to keep contact for meetings and other activities. Other churches decided to close until congregations were able to meet at their churches again. There was some loosening of restrictions for a few weeks in the summer of 2020 but these were short lived. It has been a very difficult time as church life has been totally disrupted and one wonders how it will recover and if it will ever be as it was.
It is a sad fact that at least two of the district churches will not be reopening having decided that it is time to close their doors. Perhaps without the pandemic they may have continued for some further time but restarting is too difficult. Our thoughts are with members of those congregations and we hope they will find a home and a warm welcome within other District Churches.
I would like to thank all church members, Church Officers and Ministers for the work they have done during these strange times to ensure that connections have been maintained when meeting face to face was not possible and when churches did reopen, for the work involved in making worship spaces safe. Thank you to everyone.
NELUM Officers have had little to do except to be here if needed. Financial help was offered to churches when it became obvious that sources of income would be compromised for a substantial time. Sustentation grants and Lay Preacher grants were paid to churches. The Officers decided to pay these annual grants as they usually go unchallenged, ratification will be sought when the General Committee is able to meet in the future.
No District meetings have been held since November 2019. It is hoped that if restrictions are further lifted and the virus numbers continue to fall a meeting could be held in the summer of 2021.
Beryl Allerton
Approved by order of the board of trustees on 27 April 2021 and signed on its behalf by:
Ms K Diggle - Trustee
Page 3
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NORTH AND EAST LANCASHIRE UNITARIAN MISSION**
## **Independent examiner's report to the trustees of North and East Lancashire Unitarian Mission**
I report to the charity trustees on my examination of the accounts of North and East Lancashire Unitarian Mission (the Trust) for the year ended 30 September 2020.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
A J Syddall M.A. A.C.A. P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolton Lancashire BL1 3AJ
27 April 2021
Page 4
## **NORTH AND EAST LANCASHIRE UNITARIAN MISSION**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2020**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**955**
Investment income
2
**42,200**
**Total**
**43,155**
**EXPENDITURE ON**
**Charitable activities**
Church fundings
**-**
Other
**26,982**
**Total**
**26,982**
Net gains/(losses) on investments
**(28,977)**
**NET INCOME/(EXPENDITURE)**
**(12,804)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**320,498**
**TOTAL FUNDS CARRIED FORWARD**
**307,694**|Restricted
fund
£
**-**
**6**
**6**
**-**
**1**
**1**
**2,177**
**2,182**
**60,494**
**62,676**|**2020**
**Total**
**funds**
**£**
**955**
**42,206**
**43,161**
**-**
**26,983**
**26,983**
**(26,800)**
**(10,622)**
**380,992**
**370,370**|2019
Total
funds
£
895
47,697
48,592
42,942
19,739
62,681
13,644
(445)
381,437
380,992|
|---|---|---|---|
The notes form part of these financial statements
Page 5
## **NORTH AND EAST LANCASHIRE UNITARIAN MISSION**
## **BALANCE SHEET 30 SEPTEMBER 2020**
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Investments
4
**253,069**
**CURRENT ASSETS**
Debtors
5
**29,870**
Investments
6
**525**
Cash at bank
**136,736**
**167,131**
**CREDITORS**
Amounts falling due within one year
7
**(112,506)**
**NET CURRENT ASSETS**
**54,625**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**307,694**
**NET ASSETS**
**307,694**
**FUNDS**
8
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
fund
£
**64,165**
**-**
**-**
**1,391**
**1,391**
**(2,880)**
**(1,489)**
**62,676**
**62,676**|**2020**
**Total**
**funds**
**£**
**317,234**
**29,870**
**525**
**138,127**
**168,522**
**(115,386)**
**53,136**
**370,370**
**370,370**
**307,694**
**62,676**
**370,370**|2019
Total
funds
£
344,034
9,370
525
142,449
152,344
(115,386)
36,958
380,992
380,992
320,498
60,494
380,992|
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 27 April 2021 and were signed on its behalf by:
K Diggle - Trustee
The notes form part of these financial statements
Page 6
**NORTH AND EAST LANCASHIRE UNITARIAN MISSION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
The presentation currency of the financial statements is the Pound Sterling (£).
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
|Other fixed asset investments
Deposit account interest|**2020**
**£**
**41,793**
**413**
**42,206**|2019
£
47,126
571|
|||47,697|
continued...
Page 7
**NORTH AND EAST LANCASHIRE UNITARIAN MISSION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2020**
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 September 2020 nor for the year ended 30 September 2019.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30 September 2020 nor for the year ended 30 September 2019.
## **4. FIXED ASSET INVESTMENTS**
|Other
There were no investment assets outside the UK.
Investments (neither listed nor unlisted) were as follows:
Nelum Inc fixed interest fund
Nelum Inc equity fund
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Short term loan - Bank Street
Loan to Walmsley Church
Coronavirus loans
**CURRENT ASSET INVESTMENTS**
Bank deposits held at stockbrokers|**2020**
**£**
**317,234**
**2020**
**£**
**64,165**
**253,069**
**317,234**
**2020**
**£**
**2,370**
**6,000**
**21,500**
**29,870**
**2020**
**£**
**525**|2019
£
344,034|2019
£
344,034|
|---|---|---|---|
|||2019
£
61,988
282,046||
|||344,034||
||||2019
£
2,370
7,000
-|
||||9,370|
||||2019
£
525|
## **5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
## **6. CURRENT ASSET INVESTMENTS**
continued...
Page 8
**NORTH AND EAST LANCASHIRE UNITARIAN MISSION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2020**
## **7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|North & East Lancashire Unitarian Mission Trustee Company (Incorporated)
Newchurch
Accruals and deferred income
**MOVEMENT IN FUNDS**
At
1.10.19
£
**Unrestricted funds**
General fund
**320,498**
**Restricted funds**
Restricted funds
**60,494**
**TOTAL FUNDS**
**380,992**
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
**43,155**
**(26,982)**
**Restricted funds**
Restricted funds
**6**
**(1)**
**TOTAL FUNDS**
**43,161**
**(26,983)**|**2020**
2019
**£**
£
**23,003**
23,003
**89,383**
89,383
**3,000**
3,000
**115,386**
115,386
Net
movement
At
in funds
30.9.20
£
£
**(12,804)**
**307,694**
**2,182**
**62,676**
**(10,622)**
**370,370**
Gains and
Movement
losses
in funds
£
£
**(28,977)**
**(12,804)**
**2,177**
**2,182**
**(26,800)**
**(10,622)**|
|---|---|
## **8. MOVEMENT IN FUNDS**
continued...
Page 9
**NORTH AND EAST LANCASHIRE UNITARIAN MISSION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2020**
## **8. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|At
1.10.18
£
**Unrestricted funds**
General fund
323,688
**Restricted funds**
Restricted funds
57,749
**TOTAL FUNDS**
381,437
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
48,584
(62,681)
**Restricted funds**
Restricted funds
8
-
**TOTAL FUNDS**
48,592
(62,681)
A current year 12 months and prior year 12 months combined position is as follows:
At
1.10.18
£
**Unrestricted funds**
General fund
323,688
**Restricted funds**
Restricted funds
57,749
**TOTAL FUNDS**
381,437|Net
movement
At
in funds
30.9.19
£
£
(3,190)
320,498
2,745
60,494
(445)
380,992
Gains and
Movement
losses
in funds
£
£
10,907
(3,190)
2,737
2,745
13,644
(445)
Net
movement
At
in funds
30.9.20
£
£
(15,994)
307,694
4,927
62,676
(11,067)
370,370|
|---|---|
continued...
Page 10
**NORTH AND EAST LANCASHIRE UNITARIAN MISSION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2020**
## **8. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|91,739|(89,663)|(18,070)|(15,994)|
|**Restricted funds**|||||
|Restricted funds|||||
||14|(1)|4,914|4,927|
|**TOTAL FUNDS**|91,753|(89,664)|(13,156)|(11,067)|
## **9. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 30 September 2020.
Page 11
**NORTH AND EAST LANCASHIRE UNITARIAN MISSION**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2020**
||2020|2019|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|**955**|895|
|**Investment income**|||
|Other fixed asset investments|**41,793**|47,126|
|Deposit account interest|**413**|571|
||**42,206**|47,697|
|**Total incoming resources**|**43,161**|48,592|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Grants made to churches|**-**|42,942|
|**Other**|||
|Donations|**25**|60|
|Administration expenses|**5,121**|179|
|Meeting expenses|**60**|602|
|Newchurch expenses|**3,850**|120|
|Accountancy|**1,968**|1,968|
|Specific sustentation grants|**15,894**|16,750|
|Bank charges|**65**|60|
||**26,983**|19,739|
|Total resources expended|**26,983**|62,681|
|**Net income/(expenditure)**|**16,178**|(14,089)|
This page does not form part of the statutory financial statements
Page 12