2020-12-31-accounts - The Free Church Federal Council (Incorporated)

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Company Information
Directors' Report
Member Denominations
Report ofthe Independent	Examiner
Statement of Financial Activities		(Including	Income and Expenditure	Account)
Balance Sheet
Notes to the Financial Statements

orthe year end	ed	31»	Decem	ber 2020
				Unrestricted	Restricted	Total	Tota I
			Notes	Funds	Funds	Funds	Funds
				2020	2020	2020	2019
				E	F	E	f
Income and endowments			from:
Donations and legacies:
Member church subscriptions				19,178		19,178	19,585
Donations				3,301		3,301
Charitable activities:
Grants			2		20,000	20,000	68,000
Other trading activities:
Rental income				33,197		33,197	46,356
Investments:
UK listed investments				54,035		54,035	58,730
Rental properties				92,500		92,500	92,500
Other				99		99	147
Other
Conference Fees				(94)		(94)	3,078
Other				3,762		3,762	5,941
Total				205,978	20,000	225,978	294,337
Expenditure on:
Investment management			costs:
Property management		costs		2,206		2,206	1,353
Charitable activities
Grants payable			3	1,820		1,820	2,720
Other			3	336,058	27,665	363,723	377,531
Total				340,084	27,665	367,749	381,604
Net income / (expenditure)				(134,106)	(7,665)	141,771	87,267
Gains /(losses) on	investment		assets	83,071		83,071	193,481
Net income / (expenditure)				(51,035)	(7,665)	(58,700)	106,214
Net Movement in	Funds			(51,035)	(7,665)	(58,700)	106,214
Reconciliation of	funds
Total funds brought	forward			3,023,584	7,665	3,031,249	2,925,035
Total funds carried forward				2,972,549		2,972,549	3,031,249

which meets these criteri	which meets these criteri	a	is charged to th	e fund, together with a fair al	e fund, together with a fair al	location ofc	osts.
2.Income and endowments			from Charitable	Activities: Grants
						2020	2019
Restricted Funds						E
Departm't of Health	—Health Care Chaplaincy						45,000
Departm't of Health	—Multi Faith Group re Health Care Chaplaincy						3,000
Methodist Church —Prison			Chaplaincy			20,000
Westhill Endowment	-The Commssion						20,000
Total						20,000	68,000
3.Expenditure on: Charitable			Activities
			Unrestricted		Restricted	Total	Total
				Funds	Funds	Funds	Funds
				2020	2020	2020	2019
				E		E
Grants payable:
Ministerial counselling		service		1,820		1,820	1,720
Other - The Welcome		Directory					1,000
				1,820		1,820	2,720
Direct expenditure:
General				179,222		179,222	180,797
Health Care Chaplaincy(HCC)				14,692	7,665	22,357	38,038
Public Affairs Project					39,720	39,720	24,000
HCC Advisors Panel							1,775
Mulitfaith/Faith and	Belief Group						13,256
Education officers				81,491		81,491	72,637
Prison Chaplaincy				20,933	20,000	40,933	47,028
				296,338	67,385	363,723	377,531
Total				298,158	67,385	365,543	380,251

4. Directors' Emoluments and Staff Costs	4. Directors' Emoluments and Staff Costs
Staff costs during the year were:					2020	2019
						F
Wages and salaries					190,792	194,405
Social security costs					12,104	14,768
Pension contributions					37,489	17,757
Total					240,385	226,930
No employees received remuneration	greater		than f60,000.
The average number of employees	during	the	year was:		2020	2019
					Number	Number
Direct charitable activities					4	4
Management and administration					2	2
Total					6	6
Total compensation paid to key management			personnel	in the	year amounted	to 845,142
(2019:844,695).

Total compensation pai (2019:844,695).	d to key	managem	ent per	sonnel in the ye	sonnel in the ye	ar amounted	to 845,14
Directors' emoluments,	including	pension	benefits,	amounted to L'nil		(2019:anil).
Expenses reimbursed to five (2019:seven) directors					for travel, subsistence and		conference
expenses were F1,366	(2019:L4,862).
.Net Income I(Expenditure)
Net incoming resources	is stated	after charging:				2020	2019
Independent Examiner's Fee						2,100	2,100
Depreciation						11,111	11,171
.Tangible Fixed Assets
					Furniture	Leasehold
					and	Property	Total
Cost					Equipm't	Improvem't E	f
At 1 January 2020					24,726	234,444	259,170
At 31 December 2020					24,726	234,444	259,170
Depreciation
At 1 January2020					20,698	139,802	160,500
Charge for the year					3,223	7,888	11,111
At 31 December 2020					23,921	147,690	171,611
Net Book Value
At 31 December 2020					805	86,754	87,559
At 31 December 2019					4,028	94,642	98,670

quoted/ are as	listed within follows:	the UK. Investments which m	ade up over 5%ofthe value of th	e portfoli
			2020	2019
COIF	ethical income units		90.89	84.63
COIF	fixed interest	units	1.73	7.68
COIF	propertyfund	units	7.38	7.69

0.Funds
	01-Jan-20	Transfers between		Income	Expend iture	Gains / (Losse	31-Dec-20
		funds
Unrestricted Funds:
General reserve	234,043	6,071		205,978	(340,084)		106,008
Investment reserve	1,553,831						1,553,831
Investment revaluation reserve	85,710	(6,071)				83,071	162,710
Property reserve	667,881						667,881
Property revaluation	482,119						482,119
Total unrestricted	3,023,584		-	205,978	340,084	83,071	2,972,549
Restricted Funds
Healthcare Chaplaincy	7,665				(7,665)
Prison Chaplaincy				20,000	(20,000)
Total restricted	7,665			20,000	27,665
Total Funds	3,031,249		-	225,978	367,749	83,071	2,972,549

12.Comparative Statement of Financial Activities	12.Comparative Statement of Financial Activities	12.Comparative Statement of Financial Activities	12.Comparative Statement of Financial Activities	by fund	type
			Unrestricted		Restricted	Total
			Funds		Funds	Funds
			2019		2019	2019
					E
Income and endowments		from:
Donations and legacies:
Member church subscriptions				19,585		19,585
Charitable activities:
Grants					68,000	68,000
Other trading activities:
Sales
Rental income				46,356		46,356
Investments:
UK listed investments				58,730		58,730
Rental properties				92,500		92,500
Other				147		147
Other
Conference Fees				3,078		3,078
Other				5,941		5,941
Total			226,337		68,000	294,337
Expenditure on:
Investment management		costs:
Property management	costs			1,353		1,353
Charitable activities
Grants payable				1,720	1,000	2,720
Other			281,181		96,350	377,531
Total			284,254		97,350	381,604
Net income / (expenditure)			(57,917)		(29,350)	87,267
Gains / (losses) on investment		assets	193,481			I93,481
Net income / (expenditure)			135,564		(29,350)	106,214
Transfers between funds				(4,000)	4,000
Net Movement in Funds			131,564		(25,350)	106,214