2020-09-30-accounts

Trar￿Tr Rèl. wr84ZPW-A5NK29 M¥a)2116..11.58 OST IUTC*l1 D 2r2 P 1146 Charity number: 250788 GENERAL ASSEMBLY OF UNITARIAN AND FREE CHRISTIAN CHURCHES TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

TransBt*on Rol. wr&szHv-A5NK29 MBra)2116..11fj9 BST (UTC +1) D 2r2 P¥46 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES CONTENTS Page Reference and administrative detai15 of the Charity, its Trustees and advisers Trustees. report Independent auditor's report on the financial statements Consolidated statement of financial activities 10 Consolidated balance sheet 11 Charity balance sheet 12 Consolidated statem8nt of cash flows 13 Charity staternent of cash flows 14 Note$ to the financial statements 15-44

TrarMtthn Rel. wfv3zHV-A5NK29 21y2116..1B..00 8ST (UTC +1) D2f2 P2146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2020 Trustees Marion Baker Peter Hanley Rev. Lynne Readett Rev. Dr. Rob Whileman Rev. Matthew Smith (resigned 15 January 20201 Hilda Dumpleton Rev. James Corrlgall Robert Ince Sir Philip Cowox Charity registered number 250788 Principal office Essex Hall 1-6 Essex Street Strand London WC2R 3HY Chief Officor and Secreiary Elizabeth Slade Independent auditor James Cowper Kreston Chartered AGGountants and Ststutory Auditor 5 Chancery Lane London EC4A 1 BL Investrnent managers BNY Mellon Fund Manager5 Ltd London Branch One Canada Square Canarywharf London E14 SAL Page 1

TransBt*on Rol. wr&szHv-A5NK29 202116..18..02 8ST (UTC +11 D 2r2 P4146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2020 The Trustees present their annual report together wlh the audited financial statements of the Charity for the year l October 2019 10 30 September 2020. The Executive Committee IEC) acts as a trustee bojy of the General Assembly of Unitarian and Free Christian Churches IGAI, and appoints the Chief Officer who works wth the EC to detemiine the overall direction and development of the GA. Members during the year. Marion Baker Iconvenor), Sir Philip Cowox, Rev Jim Corrigall, Hilda Dumpleton. Rev Jo James {from May 20201, Peter Hanley (Hon Treasurer}, Robert Ince, Rev Lynne Readett, Rev Matthew Smith {unb"l January 2020}, Rev Dr Rob Whrteman Liz Slade {Chief Officer) The Executive Committee (EC) acts as the twstee body of the General Assembly (GA) and is responsible for detem?ining the overall dir8¢t￿n and development of Ihe Assembly in line with the decisions andpolicies agreed at the Annual Me8tsngs and tha requiraments of charity law and other legal requirements. The ExecutiV61 Commfftee provides strat8gic leadership, appoints the Chief Officer, and is responsible for ensuring th& eff8Ctiv8 use of the assets of the General Assembly. Executiv8 Committee members are not repres&ntatives of individual districts or areas ofth8 country but must act in the best interests of the General Assembly as a charify. Object To promote a free and inquiring religion through the worship of Gc¥J and the celebration of life; the service of humanty and respect for all creation,. and the upholding of the liberal ChrFstian Iraditr"on. Aehievements and performaneÈ This has been an exceptionally challeThJing year for so many people, and the impact on the Unitarian and Free Chllsban movement is significant. In spite of the difficulties the coronavirus pandemic has brought LFS all, there are many seeds of change that have been able to gow in this last year which can strengthen our movement in the long term. One is our abilty to connect more easily with each other now that so many people are more comfortable using vide¢xall technology. We have seen new connections, relationships and initiatives grow that wouldn't have been possible rf they had relied on people meeting in person. There have of course been great losses too- there are few people in our movement who have not ￿en loud by grief and loneliness as a resu￿ of the pandemic. Many congregations have had a significant loss of income, and have been finding new ways to fund their activities, or in many cases have scaled back what they can afford to offer their communities. These challenges will help us as a movement to focus on what's needed for a thriving collective future. The overarching thread for the Executive Committee this year, in the pre- and post-pandemic parts, has been 'creating the conditions for healthy congregations, and working collaboratively to develop a spiritual culture in the UK,. This has allowed us lo explore the difficult questsons of how we operate, what our focus should be, our role in the transfonmation thal is needed for our movement to move out of dedine and into a flourishing future. strategic plans were reviewed in light of pandemic, and while the manner in which we wort has changed in the last year, the main threads have remained relevant. Developing leadership capacity We are glad that the training the GA supported. 'Th? art of hosting spiritually healthy communities, went ahe before the pandemic hit. 40 leaders from across the movement spent three day3 together exploring ways to host the conversations that matter, by exploring what it means for our communities to be rich in spirrtual heamh. Both the processes that were leamt and the ideas that were harvested are already helping lo shape and strengthen our fvture, and we hope to continue investing in leadership. Page 2

TransBton Rol. wr&szHv-A5NK29 21y2116..18".03 BST (UTC +1) D 2r2 PSI46 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2020 Gathoring online Our 2020 Annual Meetings had to be cancelled, and instead we created Being Together- three days of online workshops, discussions, and worship. Alastair Mclntosh. the Quaker academic and activist was our keynote speaker, on 'The Revolution Will Be Spiritual,. and Ihere were workshops to share ideas on models of ministry. community outreach, communication, safeguarding, family ministry and innovation in worship. as well as opportunities to (xJnne¢t in virtual coffee breaks, a poetry workshop, and break-ouL ioonis for dis¢ussio¢i. Each day started wqlh a meditative practice, there were several wntemplative Heart & Soul gatherings each day, and we closed with collective worship led by Rev Bob Jallis-Dillon. We were glad to welcome Judy Ryde of the Bath Unitarian Fellowship to lead a workshop on 'Using our privilege, based on her research into whiteness in the caring profes5ion5. The unfolding of the Black Lives Matter protests in the US and UK this year prompted much soul-searching in our movement. not just in how we recognise our privilege as a predominantly white movement, but also in our history, where as well as abolitionists we have many who benefited from the transatlantic slave trade, and many of us still benefit from this in our buildings and funds. We commend the Hibbert Trust on their renewed focus on examining their historical ties with the slave trade, and we are glad to see that our best attended online gathering of the year was the session led by Rev Winnie Gordon and Rev Kate Dean. 'Let's Talk About Race,, with over 175 participants. For many people, Being Together was the start of their experience with online worship, and we have seen so much innovation in this throughout the year. with over 40 congregations delivering online services and gatherings. One silver lining of the pandemic is that people have been able connect in worship with congregations far away, and we look forward lo supporting the continuation of online worship even when it is safe to return to our buildings. In May. we hosted 'Ministry in a Time of Pandemic,, a series of workshops exploring how to use iitual in online gatherings. self care for spiritual leaders, imagining the post-pandemic future. and lending lo grief in our communities. Thank you lo all the leaders for sharing Iheir expertise. and holding space for exploratic￿. and to the hundreds of people who took part. Navigating pandemic We conducted a survey of congregations in April 2020 to aS￿rtain the impact of pandemic across the movement thank you to the 70+ congregations who responded. We heard that congregations valued communication from Essex Hall, and we reflected this in our continued development of the uni-news email newsletter, as well as Simon Bland and Melda Granlham's work in keeping congregations informed of the ever- changing guidance on how chapels Can meet safely. We also heard that there is financial concern for many congregations as a result of pandemic, and we are keen to provide support in enabling congregations to dar their mission and pu￿OSe. and to develop their strategies for their long-term sustainability. We are grateful for the leadership shown by the Wood Green Trust in making funds available, in collaboration with the GA, to ensure that ministers and worship leaders have access to good quality cameras. microphones and ligming, to help the creation of meaningful online worship experiences. We are also excited by the Cfeativity in our mvemenl that was highlighted by the Wood Green Trust's award for new initiatives for growth. Expressing ours8lves In earty 2020, we began working with This Ainl Rock & Roll. who help cultural organisations and cause5 to express their identity, wth a steering group of volljnteers from across our movement, in order to develop renewed identity, including a new GA website, leaflets, and web and print resources for congregations. The work went back to our historical roots as well as looking lo what is needed from us now and in the future, to enable more people to belong to spiritually healthy communities. Rather than developing a one-size-fits-all design, we recognise the importance of enabling congregations to express their own unique idenlty. and this worf( will support congregations in this in 2021. Sharing Unitarian thinking and writing We were delfrghted that the Lindsey Press published ￿ new books. 'Seeking paradise: A Unitarian missic) for our times, by Stephen Lingwood. a pioneer minister in CardFff. and 'Life's Joumey,. a guide for ￿nductIng rites of Page 3

TrarMtthn Rel. wr&szHv-A5NK29 21y2116..18."04 8ST (UTC +1) D 2r2 P6146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2020 passage. by Rev Daniel Cosuey, in Kent. We thank the authors for Iheir considerable work and thought in creating these books, and lo the ￿ndSeY Press panel for editing, producing, publishing, and promoting them. Thanks also lo Audrey Longhurst on the staff tearn for ensuring that books could still be shipped to readers despite Essex Hall being closed. We are also glad to share the many blogs written by Unitarian leaders. as ways of sharing our movement's thoughts and actions the wder wcth. Wolcomo lo new ministers This year saw the exuting milestone of the first student gr&luating from the new Unitarian Coltege. Congratulations to Rev Stephanie Bisby. and also to Rev Michael Allured who studied at Harris Manchester College. Oxford- we welcome them to our Roll of Ministers and wish them well in their path into mini5ty. We welcome Arek Malecki, Lynda Hart and Robin Hanford who began their ministy training this year. Change in our communities We are sad that Hindley and Kiddemiinster congTegations have taken the decision to start the process of osure. Even when it is the right decision for a community to tske this roule, il is abmays sad to see the doors dose. We congratulate the congregations that reported an increase in their membership in 2019-20. and acknowledge the steps that congregations have taken to maintain and deepen connedion and support with members through the upheaval of pandemic. We are inspired by the success of Heart & Soul gatherings in their move from in-peison small group contemplative gatherings to meeting on Ztx)m. ThaJks lo Jane Blackall for spearheading this development, and to Laura Dobson, and Rev Mark Hutchinson for their leadership in enabling many hundreds of people lo gather together throughout this year. Another successful new community this year is the Unitarian and Free Christian Bible Studies Group - thanks to Francis Elliot-wright for starting this initiative, and the team support it running week to week. We Mqll be payng close attention to how the shapes of our communities develop in response to the change we've all expertenced this year. Youth and safeguarding We already had plans to review the GA'S Youth strategy this year, and the impact of pandemic brought change much more quickly than anticipated. A new community of leaders of local youth programmes emerged from the wortshop on family ministry at Being Together, and has continued meeting to share ideas and support each other in developing ways to deepen their congregations, offer lo families. A group of young people has also been meeting lo develop a new way for teenagers lo gather online. resulting in the launch of Bad Coffee Club. Before the pandemic hil, we were thrilled by the experience of Unifest in November 2019, in partnership wrth Unitarian College and the Nightingale Centre, where 74 participants look part in programming for all ages. including intergenerational activities, allowing adults to benefit beyond being there solely as chaperones. The EC commissioned an audit of the GA'5 safeguarding praCtI￿s. from the church safeguarding specialists 31..8. The results of this audit are guiding a review of our culture. systems, and processes, including the need to move away from a 'compliance' approach to safeguarding, towards supporbng the development of a CLtlture that always puts people's safety and wellbeing al the heart of what we do. Finances The resuts for the year are outlined in the statement of financ¢al activities. The results for the year were impacted by the change in activities and events due lo Covid-19. A large legacy of £800,000 divided betrween the General Assembly and the Nightingale Cenlre resulted in a surplus for the year before investment movements of £579,169. As a result of market conditions, the value of investments fell by £381,590. The net assets of the charity at 30 September 2020 were £9.537,065. Page 4

TrJrMEthn Rel. wr&szHv-A5NK29 202116..1B".0S BST (UTC +1) D 2r2 PTI46 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2020 We are gratefvl to the Essex Hall Trust for offering us an inlerest-free loan early in the pandemic. when Ihey realised that the GA finances would be impacted by the sudden drop in the value of our investments as a result of pandemic. We were glad to award £17.TT5 to congregations via the Suslenlation Fund that provides financial support to ministers. stipends, and we are grateful to the British & Foreign Unitarian Associalion for their generosity in the support of excellence in ministry via the Ministers. Stipend Augmentation Fund. The Finance Group of the EC has continued to meel this year (Marion Baker. Philip Colfox. Peler Hanley (Chair). Robert Ince, and Rev Rob Whiteman, with David Joseph and Liz Slade from the staff team), in support of the in- year budget planning process. and tsking a longer term look at financial sustainability for the GA. Financial review After making appropriate enquiries. the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existen￿ for the foreseeable future. For this reason, they continue to adopt the going con￿rn basis in preparing the financial statements. Further details regarding the adoptFon of the going concern basis can be found in the accounting poli￿e$. Reserves policy The General Assembl￿$ reseNes policy is to hokl SUffi￿ent free reseNes. not restiicted by their wrpose or by virtue of endowment. to ensure that it is able lo service its annual budgeted expenditure and to ensure that its risks in relation to its pension obligations are mitigated. Principal funding The General Assemblys funding is derived mainly from voluntary income from within the Unitarian movement. income generated from its charitable activities predominantly. courses including the activities of the Nightingale Cenlre, and the Annual Meetings plus income from investments. Financial risk management The Trustees have assessed the major risks to which the Group and the Charity are exposed, in particular those related to the operations and finances of the Group and the Charity, and are satssfied that systems and procedures are in place lo mitigate exposure to the rnajor risks. The main iisk lo the Charity is the level of members, Pa￿CUla￿ in light of challenges to Congregations from the financial and social impact of pandemic. The Charity monitors membership numbers ciosely and steps are being taken to maintain membership numbers. Future generations We are oveNhelmed by the generosity of those who have left signfficanl sums to the GA and Nightingale Centre as legacies, in gratitude for how the Unitarian and Free Christian movement has influenced their lives. These gifts allow us lo invest in ensuring we are able lo make the same kind of impact on future generations. The TTUStees are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice)- Page 5

GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2020 Statem8nt of Trustees. rosponsibilities The law ap￿1¢able to charities in England & Wales requires the Trustees to prepare finan￿al statements for each financial year which give a tnje and fair view of the state of affairs of the Group and the Charity and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial 51atement5, the Tw5tees are required lo- select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 102)., make judgments and accounting estimates that are reasonable and prudent-, state whether applicable UK Accounts'ng Slandards IFRS 1021 have been followed. subject lo any material departures disdosed and explained in the ffnanaal stalemenls., prepare the financial staternents on the going concem basi¥ unlèss it is inappropriate to presume that the Group wll cx)ntinue in business. The Trustees are responsible for keeping adequate accounting records that are sufFicient to show and explain the GroLtp and the Chantys 1ransacth.ons and disclose with reasonable accuracy at any lime the finanaal position of the Group and the Charity and enable them to ensure that the financial statements comply wth the Charities Act 2011. the Charity {Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Group and the Charity and he0￿ for taking reasonable Steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and finanryal infomialion included on the Group's website. Legislation in the United Kingdom goveming the preparation and dissemination of finan￿al statements may differ from legislation in other jurisdictions Disclosure of information to auditor Each of the persons who are Trustees at the time when this Trustees, report is approved has confimied that: so far as that Twstee is aware, there is no relevant audit information of which the charitable group's auditor is unaware, and that Trustee has taken all the steps that ought to have been taken as a TTU5tee in order to be aware of any relevant audit infomiation and to establish that charitabSe group's auditor is aware of that infomation. Auditor The auditor, James Cowper Kreslon, has indicated his willingness to continue in office. The designated Trustees 11 propose a motion reappointing the auditor al a mèeting of the Trustees. Approved by order of the members of the board of Ttustees on behalf by. 25 March 2021 and signed on their IPAIOFGirriuTC+UI Marion Baker Trusteelconvener Page 6

TrarMtthn Rel. wr84ZHV-A5NK29 mor￿116..1￿..OY BST (UTC +11 D 2r2 p9146 GENERAL ASSEMBLY OF uN￿ARIAN AND FREE CHRISTIAN CHURCHES INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GENERAL ASSEMBLY OF UNITARIAN ANO FREE CHRISTIAN CHURCHES Opinion We have audited the financial statements of General Assembly of Unitarian and Free Christian Churches (the 'parent charity) and its subsidiaries (the 'group'} fcf the year ended 30 September 2020 Hthich comprise the Consolidated Slalement of Financral Ath"vities, the Consolidated balan￿ sheet, the Chaty balan￿ sheeL the Consolidated statement of cash flows. the Charrty Statement of Cash Flows and the r@latÈd notes. including summary of Significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, induding Financial Reporting Standard 102 'The Financial Reporb"ng Standard applicable in the UK and Republic of Ireland. {Uniled Kingdom Generally Accepted Accounting Practice). The financial statements have been prepared in accordan(t wtth Accounting and Reporting by Charities preparing their accounts in accordance Mith the Financial Reporting Standards applicable in the UK and Republic of Ireland IFRS 1021 in preference to the AccountirrfJ and Reporting by Charities= Statement of Recommended Practice issued on 1 April 2005 which is referred lo in the extant regulations bul has been withdrawn. This has been done in order for the accounts to provide a true and fair view in accordance the Generally Accepted Accounting Practi￿ effective for reporting periods beginning on or after 1 January 2015. In our opinion the financial staternents= give a true and fair view of the state of the GTOUP'S and of the parent charivs affairs as al 30 September 2020 and of the Group's incoming resources and applicatic*n of resourtes. including its income and expenditure for the year then ended- have been properly prepared in accordan￿ with United Kingdom Generalty Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance Mqth IntematiDnal Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilrties under those standards are fvrther described in the Auditorfs responsibilities for the audit of the finallcial Statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard. we have fulfilled our other ethical responsibilities in accordan￿ w7lh these requirements. We believe that the audit eviden￿ we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to Going Concern We have nolhing lo ieport in re5peth of the following mallet5 in ielation to whith the ISA5 (UK) require u5 to report to you where". the Trustees, use of the going ￿nCern basis of accounting in the preparation of the financial statements is not appropriate- or the Trustees have not disclosed in the finanual statements any identified material uncertainties that may ca51 signfficant doubt about the Group's or the parent charity's ability to continue to adopt the going concem basis of accounting for a period of al least fvvelve months from the date ￿en the financi statements are aulhorised for issue. Page 7

TrarMtthn Rel. wfv3zHV-A5NK29 21y2115..18..06 BST (UTC +11 D 2r2 P 10146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GENERAL ASSEMBLY OF UNITARIAN ANO FREE CHRISTIAN CHURCHES ICONTINUEDI Other information The Trustees are responsible for the other information. The other information comprises the information included in the Annual report, other than the financial statements and our Auditor's report thereon. Our opinion on the financial statements does not cover the other infomiation and we do not express any fomi of assurance Conclusion thereon. In connection with our audit of the financial statements, our responsibilty is to read the other infomation and, in doing so, consider whether the other information is mateiially inconsistent with the finanaal statements or our kno￿edge obtained in the audit or othernqse appears lo be materially misstated. If we identity such material inconsistencies or apparent material misstatements, we are required lo determine whether there is a matefial misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed. we conclude that there is a material misslatemenl of this other information. we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing lo report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion.. the information given in the Trustees. report is inconsistent in any material respect ￿1th the financial statements., or the parent Charity has not kept sufficient accounting records,. OT the parent Charity financial statements are not in agreement with the accounting records and retums- or we have not received all the information and explanations we require for our audtt. Responsibilities of trustees As explained more fully in the Trustees. responsibilities statement, the Trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such intemal control as the Trustees delemiine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the finanaal statements. the Trustees are responsible for assessing the Group's and the parent charitys ability to continue as a going concem. disclosing. as applicable, matters related lo going concem and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the parent chartty or to cease operations, or have no realistic attefflative but lo do so. Page 8

TrarMtthn Rel. wrv3zHv-A5NK29 21y2116..18..09 BST (UTC +1) D 2r2 P 11146 GENERAL ASSEMBLY OF uN￿ARIAN AND FREE CHRISTIAN CHURCHES INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GENERAL ASSEMBLY OF UNITARIAN ANO FREE CHRISTIAN CHURCHES ICONTINUEDI Auditorfs responsibilities for the audit of the financial statements We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or havirtg effect thereunder. Our objectives are to obtain reasonable assurartce about whether the financial statements as 8 wthole are free from material misstatement, whether due to fraud or error, and to issue an Auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance wqth ISAS {UKI wll ahyays delect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individualty or in the aggregate, they could reasonably te expected to influence the eCc￿0m1c decisions of users taken on the basis of these financial statements. A further descrsption of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. WW4.frc.o .ukJaudilorsres nsibilities. This description fomis part of our Audilorfs report. Use of our report This report is made solely to the charity's tru51ees. as a body. in accordance wth Part 4 of the Charities {Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitys Iruslees those matters we are required to slate to them in an Auditorfs report and for no other purpose. To the fttllest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and Its trustees. as a body. Tor our audll work. for thls report, or for the oplnlons we have formed. fv5 James Cowper Kraston Chartered Accountants and Slatutory Auditor 5 Chancery Lane London EC4A 1 BL Date= 2110412021 James Cowper Kreston are eligible to act as auditors in tem￿ of section 1212 of the Companies Act 2006. Page 9

TransBt*on Rol. wr&szHv-A5NK29 21y2116..18..10 8ST (UTC +1) D2f2 P 12146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2020 Unrestricted funds 2020 Restricted Endowment funds funds 2020 2020 Total funds 2020 Totaj funds 2019 Note Income and ondowments from: Donations and legacies Charitable activities other trading activities Investments Other income 1.113.624 110.308 46,527 55,032 58.471 82.733 9,193 111,015 72,741 1.172.095 193,041 55,720 166,047 72,741 315.711 509.361 78,991 186.978 Total income and endowments 1.325,491 334.153 1.659,644 1,091.041 Expenditure on: Raising funds-. Investment management fee5 Other fund raising costs 14,420 15,576 4,570 34,566 37,495 1,328 577,098 32,303 435,180 33,631 1,012,278 48,008 1,191,269 Charitable activities 10 Total expenditure 592,846 483,059 4,570 1.080,475 1,276,772 Net Ilossesygains on investments 1156.779) (172.372} (52.439) 1381.5901 347.909 Not surplus Transfers be￿en funds 575.866 1321.278} (57.009) 197,579 162.178 23 {21.6611 21.661 Net rnovement in funds 554,205 1299.617} 157.009) 197,579 162.178 Roconciliation of funds: Total ftFnds brought forward Net movement in fijnds 2.434,418 554,205 6.042,062 1299,6171 863,006 157,009) 9,339,486 197,579 9,177.308 162,178 Total funds carrled forward 2,988,623 5.742.445 805,997 .537,065 9,339,486 The Consolidated Statement of Financial Activities indudes all gains and losses recognised in the year. Page 10

TransadiDn Ref. wwr&szHv-ASNK29klar 202116..18..12 BST (UTC +11 D ¥2 P 1&46 GENERAL ASSEMBLY OF UNITARIAN AND FREE CHRISTIAN CHURCHES CONSOLIDATED BALANCE SHEET AS AT 30 SEPTEMBER 2020 2020 2019 Note Fixed assets Tangible as5et5 Investments Investment property 15 1,634.233 5,872.985 1,081,522 1,722,358 6,258,499 1,037,164 16 17 8,588,740 9,018,021 Current assets stocks 18 8,710 903.538 4,736 146,663 25,935 352,705 Debtors 19 Investments 20 Cash at bank and in hand 379,502 1,291.750 530,039 Creditors.. amounts falling due within one year 21 1291,2061 (139.9001 Net cu￿ent assets 1.000.544 390.139 Total assets less current liabilities 9,589,284 9,408,160 Creditors- amounts falling due after more than one year 152.2191 168,6741 Total net assets 9,537.065 9.339,486 Charity funds Endowment funds 23 805.997 5.742.445 2,988,623 863,006 6,lJ42,062 2,434,418 Reslricled funds Unrestllcled funds Total funds 9.537,065 9,339,488 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by- Marion Baker Trusteel Convener Peier Hanley Trustee] Hon Treasurer Dale-. 25 Mar¢h 2021 The notes on pages 15 10 44 fomi part of these financial statements. Page 11

TransadiDn Ref. wwr&szHv-ASNK29klar 202116..18..13 BST (UTC +11 D ¥2 P 14146 GENERAL ASSEMBLY OF UNITARIAN AND FREE CHRISTIAN CHURCHES CHARITY BALANCE SHEET AS AT 30 SEPTEMBER 2020 2020 2019 Note Fixed assets Tangible as5et5 Investments Investment property 15 58.281 5,679.850 150,000 60,364 6,130,081 150,000 16 17 5,888,131 6,340,445 Current assets stocks 18 8,296 494,151 3,393 137,616 25,935 106.664 Debtors 19 Investments 20 Cash at bank and in hand 185.059 687,506 273.608 Creditors.. amounts falling due within one year 21 {224,5731 197.0771 Net cu￿ent assets 462,933 176,531 Total assets less current liabilities 6.351,064 6,516,976 Creditors- amounts falling due after more than one year 152.2191 168,6741 Total net assets 6,298.845 6.448,302 Charity funds Endowment funds 23 805.997 2.564,430 2,928,418 863,006 3,232,744 2,352,552 Reslricled funds Unrestllcled funds Total funds 6,298,845 6.448.302 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by- ivi1*OSF￿C•I￿ Marion Baker Trusteelconvener Dale-. 25 March 2021 Peter Hanley TrusleelHon Treasurer The notes on pages 15 10 44 fomi part of these financial statements. Page 12

TransBt*on Rol. wr&szHv-A5NK29 202115..18..14 8ST (UTC +1) D 2r2 P 1&146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2020 2020 2019 Note Cash flows from operaiing activiiies Nel cash used in operating a¢tivitie$ 26 (238.975) 1295,6701 Cash f5ovts from invèsting aetiviti•s Dividends, interests and rents from investments Purchase of tangible fixed assets Purchase of investments 166.047 {1,210) 175,000) 186,978 (9,0431 149,9991 Net cash provided by investing activities 89,837 127.936 Cash flows from financtng activities Cash infiows from new borrowing 150.000 Net cash provided by financing activities 150,000 Change in cash and cash equivalents in the year Cash and cash equivalenls at the beginning of the year 862 1167,734) 546.374 378,540 Cash and cash equivalents at the end of the year 27 379.502 378,640 The noles on pages 15 to 44 fomi part of these financial statements Page 13

TransBt*on Rol. wr&szHv-A5NK29 202115'.18..15 BST (UTC +1) D 2r2 P 16146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2020 2020 2019 Note Cash flows from operaiing activiiies Nel cash used in operating a¢tivitie$ 26 (231.594) 1285,9971 Cash f5ovts from invèsting aetiviti•s Dividends, interests and rents from investments Purchase of tangible fixed assets 135.264 (1,210) 165,776 (9,0431 Net cash provided by investing activities 134.054 156,733 Cash flows from financing activiiies Cash inflows from new bo￿o￿1ng 150.000 Net cash provided by financing activities 150.000 Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 52.460 (129,264) 261.863 132.599 Cash and cash equivalonts at tho ond of tho y•ar 27 185.059 132,599 The notes on pages 15 to 44 fom part of these financial statemenls Page 14

TrarMtthn Rel. wr&szHv-A5NK29 ￿211$..16..1ts BST (UTC +1) D 2r2 P 17146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 General inforrnatio The General Assembly of Unitarian and Free Christian Churches is an unincorporated charity. It is registered in England and Wales with charity registered number 250788. The principal address of the Charty is Essex Hall, 1-6 Essex Street, Strand, London, WC2R 3HY. Accounting policies 2.1 Basis of preparation of finantial statsments The financial statements have been prepared in accordance with the Charities SORP {FRS 102} - Accounting and Reporbng by Charities". Statement of Recommended Practi￿ applicable to charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Rewblic of Ireland {FRS 1021 and the Charities Act 2011. The finan￿al statements have been prepared to give a 'tswe and fairf view and have departed from the Charities IAccounts and Reports) Regulations 2008 only to the extenl required to provide a 'true and fair. view. This departure has involved following the Chartties SORP IFRS 1021 published in October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2(K)5 which has since been withdrawn. General Assembly of Unitarian ar￿ Free Christian Churches meets the definition of a public benefit entity under FRS 102. Assets and liabilitie5 are inilially recognised at historical cost or transaction value unless otherwise staled in the relevant accounting policy. The Consolidated statement of financial activities {SOFAI and Consolidated balance sheet consolidate the financial 51atement5 of the Charity and its subsidiary undertaking. The resulls of tr 5ub5idiary are consolidated on a line by line basis. 2.2 Consolidation The consolidated financial statements ir￿OrPOrate financial statements of the General Assembly of Unitarian and Free Christian Churches and The Nightingale Centre {UDitsrianl ltharty no. 2422561. On 1 April 2018 the charitable activities and assets of the Suslentation Fund (previously a subsidiary) were Iransferred inlo the General Assembly of Unitarian and Free Christian Churches. 2.3 Going concern The consolidated financial statements have been prepared on the going wncern basis which assumes that the charity wqll continue in operational existence for the foreseeable future. The Trustees have reviewed the working capital requirements of the group for a period of at least 12 months frorn the anticipated date of signing of the consolidated financial statements and are satisfied that the charity will be able to meet its liabiltbes as they fall due. Page 15

TransBton Rol. wr&szHv-A5NK29 21y2116..18..17 BST (UTC +11 D 2r2 P 18146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 Accounting policies {continuedl 2.4 Income AJI income is recognised once the Charity has entFdement to the income, it 15 probable that the income wll be received and the amount of income receivable can be measured reliably. The recognition of income from legacies is dependent on establishing enlitlemenl. the probabilty of receipt and the ability to estimate with sufficient accuracy the amount receivable. Eviden￿ of entitlement to a legacy exists when the Charity has suffiaent evidence that a gift has been left to them (through knomdedge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the propety in question wll not be required to satisfy claims in the estate. Receipt of a legacy must te recognised '¢then it is probable that it wll be received and the fair value of the amount receivable. Mthich will generally be Ihe expected cash amount to be dislributed to the Chanty, can be reliably measured. Grants are included in the Consolidated Statement of Financial Activilies on a receivable basis. The balance of income received for specific purposes but not expended during the pericd is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt. its recognition 15 deferred and included In creditors as deferred income. Where entidement occurs before income is received. the income is accrued. Gifts in kind are included at valuation and recognised as the cost is incurred.. Income tax recoverable In relatton to Investment Income Is recognlsed at the tlme the Investment income is receivable 2.5 Government grants Govemmenl grants relating to tangible fixed assets are treated as deferred income and released to the Consolidated statement of financi activities over the expected usefvl lives of the assets concemed. Other grants are credited to the Consolidated statement of financial actiV￿e$ as the related expenditure is incurred. 2.6 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party. it 15 probable that a transfer of economic benefits will be required in sethement and the amount of the obligation can be measured reliably. Expenditure 15 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activty- Direct costs attributable to a single activty are allocated directly to that acb"vity. Shared costs which contribute to more than one ath.vity and support costs which are not attributable to a single activity are apportioned betrween those activities on a basis consistent wrth the use of resources. Central staff costs are allocated on the basjs or tlme spent, and depreclatlon charges allocated on the portion of the asset's use. Expendrture on raising funds indudes all expenditure incU￿ed by the Group to raise fvnds for its charitable purposes and inctudes costs ol all fundraising actsvities events and non￿haritable trading. Expenditure on charitable activttses is In￿rred on direcdy undertaking the activities further the Group's objectives. as well as any associated support costs. Page 16

TransBt*on Rol. wr&szHv-A5NK29 202115..18..18 BST IUTC+l1 D 2r2 P 19146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 Accounting policies {continuedl 2.6 Expenditure Icontinuedl Grants payable are charged in the year Mhen the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to Conditions thich have not been met at the year end are noted as commitment, but not accrued as expendilure. Approximately 50% of the full-time equivalent staff hours are spent on programme work. Accordingty total salary costs have been splrt equally be￿n programme and support costs and management and administration costs. All expenditure is indusive of irrecoverable VAT. where applicable. 2.7 Interest roceivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the GTOLIP., this is normally upon nottfication of the interest paid or payable by the institution th whom the funds are deposited. 2.8 Tangible fixed assets and depreciation Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible xed assets are measured at cost less accumulated depreclallon and any accumulated Impalrment losses. All costs rncurred to bring a tangsble fixed asset into its intended working condition should be included in the measurement of c05t. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight4ine method. Depreciation is provided on the following bases: Fumiture at the General Assembly Computer equipment at the General assembly Software - 5 years Property Improvements at the - 40 year5 Nightingale Centre Fixtures, Fittings and equipment- 10 year5 at the Nighb"ngale Centre - 5 years - 3 years Freehold land and leasehold propety held lolnuy Is not depreclated. The ortglnal value of the freehold propety at the Nightingale Centre is not depreciated as it is considered that it is not worth less than its book value. 2.9 Investments Fixed asset investments are a fom of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and Ios5e5. whether realised or unreali5ed, are combined and presented as 'GainsllL05se51 on investments, in the Consolidated Statement of Financial Activities. Investment5 in subsidiaries are valued at cost less provision for impaimient. Page 17

TransBt*on Rol. wr&szHv-A5NK29 ZIy2115..18..19 BST IUTC+l1 D 2r2 P20146 GENERAL ASSEMBLY OF uN￿ARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 Accounting policies {continuedl 2.10 Investment properties Investment properties are initially recognised at their transaction cost and subsequently measured at fair value. Gains are recognised in the Statement of Financial Activities. Investment gains and bsses, thÈther realised or unrealised, are CDmbined and shown in the heading 'GahnslllDssesl on investments, in the Statement of Financial Activities. 2.11 Stocks stocks are valued at the k)wer of cost and nel realisable value after making due allowan￿ for obsolete and slow-moving stocks. Cost includes all direcl costs and an appropriate proportion of fixed and variable ovefheads. 2.12 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.13 Cash at bank and in hand Cash at bank and in hand indudes cash and short-temi highty liquid investments with a short malurty of three nwjnths or less from the date of acquisition or opening of the depostt or similar account. 2.la Liabilities LIa￿'titieS are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit wll be required in settlement, and the amount of the settlement can be estimated reliabw. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or seNices it musl provide. 2.15 Financial instruments The Group only has financial assets and financial liabil￿e$ of a kind that qualrfy as basic financial instrument5. Basic financial instruments are initially recogni5ed at transaction value and subsequently measured at their settlement value wih the exception of bank loans which are Subsequently measured at amortised cost using the effective interest method. 2.16 Pensions The General Assembly operates penslon plans avallable to all ellglble employees. The assets ol the schemes are held separately from those of the charity in independenUy administered funds. Pension costs charged in the Statement of Financial Activities represent the contributions payable by the General Assembly in the year. The schemes are defined benefit schemes however as it is r￿t possible for the Charity to obtain sufficient infomiation to enable it to account for the schemes as a defined benefit scheme, it accounts for the schemes as a defined contribution scheme. See note 29 for further details. Page 18

TransBt*on Rol. wr&szHv-A5NK29 a)2116..1B..20 esT IUTC+l1 D 2r2 P21146 GENERAL ASSEMBLY OF uN￿ARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 Accounting policies {continuedl 2.17 Fund accounting General funds are unrestricted fijnds which are available for use at the discretion of the Trustees in furtherance ol the general objectives of the Group and thich have not been designated for other purposes. Designated funds COmPTise unrestricted funds that have been Set aside by the TTUStee5 for particular purposes. The aim and use of each designated fund is set out in the notes to the financtal statements. Restrscted funds are fvnds which are lo be used in accordance wth specific restrictions imposed by donors or which have been raised by Ihe Group for particular purposes. The costs of raising and administering such funds are charged against the specific fvnd. The aim and use of each restricted fund is set out in the notes lo the financial statements. Investment income. gains and losses are allocated to the appropriate fund. Critical accounting estimates and areas of judgment Estimates and judgments are continually evaluated and are based on historical expertence and other factors, including expectations of future events that are believed to be reasonable under the rcumstances. Critical accounting estimates and assumptions.. The Charity makes estimates and assumptions conceming the fvture. The resutting accounting estimates and assumptions will, by definrtion, seldom equal the related actual results. The estimates and assumptions that have a significant Tisk of causing a material adjustment to the carrwng amounts of assets and liabilities wthin the next financial year are discussed below. Critical areas of judgment= Tangible fixod assets Tangible fixed assets are depreciated over their useful INes taking into account residual values where appropriate. The actual lives of the assets and residual values are a55e5sed annually and may vary dependin9 on a number of factors. Residual value assessments consider issues such as the remaining lrfe of the asset and projected disposal values. Investment properties Investment properties were initially valued by extemal professional valuers. This valuation is assessed by the Trustees on a annual basls. Intangible income The General Assembly receives accommodation and services free of charge from Essex Hall Trustees which would have to be paid rf not provided lor free {see note 51. The free accommodatson was valu from 1 January 2018 by independent property experts at £111,000 per annum. This is still considered to be reasonable and in line wth market conditions as at 30 Seplembef 2020. Page 19

TrarMtthn Rel. wr&szHv-A5NK29 21y2116..1B..22 8ST (UTC +1) D 2r2 P22146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 Income frorn donations and legacies Unrestricted Restricted funds funds 2020 2020 Total funds 2020 Total funds 2019 Community Appeal Sundry Donations Nightingale Centre lincluding legacies) 440 440 1,648 22.369 24.495 10,732 400,000 18.110 40,361 28.842 440.361 kl"Il Legacies Essex Hall - Grant Essex Hall- In Kind British & Foreign Unitarian Association Associate Membership Contributions from Related Charithes 459,265 80,000 111,000 32,087 14,475 5,625 459.265 80.000 111,000 32,087 14.475 5.625 4.000 86.000 111,000 37,352 15.128 7.835 5.884 Special Collections Total 2020 1,113,624 58,471 1,172,095 315,711 Total 2019 273,397 42,314 315,711 Income from charitable activities Unrestricted Restricted funds funds 2020 2020 Total funds 2020 Tolal funds 2019 LC￿al Leadership - Summer School L￿al Leadership- Courses Youth Programme Annual Meetings Congregational Contributrons Nightittgale Centre - residents and visit￿$ 27.495 1.164 5,151 112,864 98,861 263.826 165 165 10,942 99,201 10.942 99,201 82.733 82,733 Total 2020 110,308 82,733 193.041 509.361 Total 2019 245,535 263,826 509,361 Page 20

TrarMtthn Rol. wr&szHv-A5NK29 ￿￿11s..18..2s BST (UTC +1) D 2r2 P23146 GENERAL ASSEMBLY OF uN￿ARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 Income from other trading activities Unrestricted Restricted funds funds 2020 2020 Total funds 2020 Total funds 2019 Sales of Goods Essex Hall- C05t Sharing Nightingale Centre - Charges to Residents and Visitors Nightingale Centre- Ancillary Irading 11,527 35,000 11,527 35.000 14.676 35.000 9,193 9.193 28.896 419 Total 2020 46,527 9,193 55.720 78,991 Total 2019 49,676 29,315 78,991 Investmènl income Unrestricted Restricted funds funds 2020 2020 Total funds 2020 Total funds 2019 Rent and Ground Rent Dividends and Bank Interest 31 55.001 31 135.233 1.138 164,638 18,946 80,232 Nightingale Centre - Rents Received Nightingale Centre- Dividends and Bank Interest 30,783 30.783 2,256 55,032 111,015 166,047 186.978 Total 2019 68,180 118,798 186,978 Other incorning resources Restricted funds 2020 Total funds 2020 Total funds 2019 Nightingale Centre- Govemment grants 72.741 72,741 Page 21

TrJrMEthn Ref. wr&szHv-A5NK29 21y2116..1B..24 8ST (UTC +1) D2f2 P24146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 10. Analysis of expenditure on charitable activittes Summary by fund type Unrestricted Restricted funds funds 2020 2020 Total funds 2020 Total funds 2019 Programme Activtties15ee page 201 Committee Activilies15ee page 21) Adminislralion (see page 21 } Grants to UK Organisalions Grants to Organisations work1r￿j Overseas Grants to Individuals 184,385 5,297 379.008 6.608 1,800 3.795 188,180 5,297 379.008 42.152 1.800 105.294 289,677 870 332.392 9.151 404.903 43.710 2,543 38,773 358,777 1.020 35,544 105,294 289.677 870 Nightingale Centre - Residents and Wisitor5 Nightingale Centre - Administration 577.098 435,180 1,012.278 1,191.269 Total 2019 709,335 481.934 1,191.269 Programmo Activities 2020 2019 Welsh Programme Leadership Programme Youth Programme Visibility Programme Ministy Strategy Programme Leadership Development Annual Meeting Restricted Fund Costs 1,669 1,606 4.217 134 3,628 3,866 3.423 638 1.640 23.266 7.136 3.795 305 4.931 113,488 45.114 1.234 156.070 Designated Fund Costs Staff Costs (see note 131 144.412 188.180 332,392 Page 22

TrJrMEthn Ref. wr&szHv-A5NK29 ￿￿116..1￿..25 BST (UTC +11 D 2r2 P*146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 Committee Activities 2020 2019 Local Leadership Visibility Ministy 936 1,563 1.719 5.869 793 3.568 5.297 9,151 Administration 2020 2019 Executive Cclnmittee Expenses Officers. Travel and Expenses Office Expenses Staff Training Legal and Professional Fees Rent 11.835 1.796 70.918 1125) 5.064 111.000 4.479 13,809 15,820 144.412 19.947 5.107 69,588 3,973 19,309 111,000 7,849 Insuran Communications Audit and Consultancy (see note 121 Staff Costs (see note 131 12,060 156.070 379.008 404.903 11. Analysis of grants Grants to Organisations 2020 Grants to Individuals 2020 Total funds 2020 Total funds 2019 Grants to UK Organisalions Grant5 to Organisations Working Overseas Grants lo Individuals 42,152 1,800 42.152 1,800 105.294 43.710 2,543 38.773 105.294 43.952 105,294 149.246 85.026 Total 2019 46.253 38,773 85,026 Page 23

TrarMtthn Rel. wr&szHv-A5NK29 ￿￿115..18..￿ BST (UTC +1) D 2r2 P26146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 11. Analysis of grants {continued) On 1 April 2018 the charitable activities and assets of the Sustentation Fund Ipreviousty a subsidiary) were transferred into the General Assembly of Unitarian and Free Christian Churches. Therefore the Sustenlation Fund Grants are included thin Grants to UK Organisations this year. Grants to UK Organisations 2020 2019 The Inquirer (from Unrestricted Fund) Grants lo Scottish congregations (from the James Speed Restricted Fund) Grants to congregations (from the SustentalioTr Restricted Fund) Grants to congregations (from the Congregational Development Restricted Fund) Grants to congregations (from the Chalice Restn"cted Fund) Grants to congregations (from the Small Initiatives Fund) Grant5 to congregations (from the Appreciating Church Fund) 5.500 5.560 9.475 17.775 9.000 16.500 7.880 12,530 120 1,108 414 42.152 43,710 Grants to Organisations Working Overseas 2020 2019 Intemalional Council of Unitarian Universalists Ifrom the Unresbicted Funds) Intemalional Association for the Religious Freedom (from the Unrestricted Funds) Intemalional Council of Unttarian Universalists Ifrom the ICCU Restricted Funds) 1.800 1.943 500 100 1,800 2,543 Page 24

TrJrMEthn Rel. wr&szHv-A5NK29 202115..18..2Y BST IUTC+l1 D 2r2 P27146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 Grants to Individuals 2020 2019 Stipends (from the James Speed Restricted Fund} Educational Grants Ifrorn the Ministerial Students Restrieled Fund) Summer Schcxjl Bursaries 7,588 52.431 7,350 28.783 3.215 Unitarian College Rosenberg Travel Fund Other 45.000 329 275 1,096 105,294 38,773 12. Auditorfs remuneration 2020 2019 Fees payable to the Charitys auditor for the audit of the Chariws annual accounts 15.820 12.060 13. Staff costs Group 2020 Group 2019 Charity 2020 Charity 2019 Wages and salaries so￿al security costs Contribution lo defined contribution pension schemes 397,675 26,062 408,252 29,888 253.528 20.174 270,264 23.806 19,329 21,446 15,122 18,070 443,066 459,586 288.824 312,140 The average number of persons employed by the Charity during the year was as follows.. Group 2020 No. Group 2019 No. Charity 2020 No. Charity 2019 No. Staff 19 19 No employee received remuneration amounting to more than £60.000 in either year. Key management personnel compiise the trustees and senior management team. The total employment benefits of the key management personnel forthe period under review were £63.304 {2019: £78,241). Page 25

TrJrMEthn Ref. wr&szHv-A5NK29 ￿2116..1￿..28 BST (UTC +1) D2f2 P28146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 14. Trustees. rernuneration and expenses During the year, no Trustees received any remuneration or other benefits12019- £NIL}. Trustee Rev. Dr. Rob Whiteman is a minister for a Scottish congregation and the GA paid £7,58812019.' £7.350 from the James Speed Trust fund as a contribution to his stipend_ This fund is an endowment to pay Scottish congregational costs, including ministers. stipends. During the year ended 30 September 2020, travel and Subsisten￿ expenses totalling £3.234 were reimbursed or paid directly to 8 Trustees12019- £6.111 to 9 Trustees). 15. Tangible fixod assets Group Leasehold Froehold Equipment Properties Property and including held Jointly Improvom8nts Computers Total Cost or valuation At l October 2019 52.800 1.907,578 511,939 2.472.317 1.210 1.210 Additions At 30 September 2020 52,800 1,907,578 513.149 2.473,527 Dopreciation At 1 October 2019 355,234 39,104 394,725 50,231 749.959 89,335 Charge for the year At 30 September 2020 394,338 444,956 839,294 N8t book value At 30 September 2020 52,800 1,513,240 68.193 1,634.233 At 30 September 2019 52,800 1,552.344 117,214 1.722,358 The freehold property and improvements of the Nightingale Centre are vested in the Biitish and Foreign Unitarian Association {Incorporaledl as Custodian Trustees. The land and buildings were valued al £1,665,000 at 30 September 1999. For the purposes of capitalising the land and buildings the value of the building improvements amounting lo £253,353 at 30 September 1999 were deducted from the overall valuation to arrive at the valuation of land and buildings of £1.411.647. This is represented by the Capital Fund. Page 26

TrJrMEthn Rel. wr&szHv-A5NK29 ￿￿116..18..30 8ST (UTC +1) D2f2 P29146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 15. Tangible fixed assets {conlinued} Charity Leasehold Equipment Properties including held Jolntly Computets Total Cost or valuation At 1 October 2019 52,800 116.377 1,210 169,177 1.210 Additions At 30 September 2020 52,800 117,587 170,387 Deprecigtion At 1 October 2019 Charge for the year 108,813 3.293 108,813 3,293 At 30 September 2020 112.106 112.106 Not book valu8 At 30 September 2020 52,800 5,481 58,281 At 30 September 2019 52.800 7.564 60.364 Page 27

TrJrMEthn Ref. wr&szHv-A5NK29 ￿￿116..18..30 8ST (UTC +1) D 2r2 PJJ146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 16. Fixed asset investments Listed investmants Group Cost or valuation At 1 October 2019 6,258.499 75,000 1425.948) 134,566} Additions Revaluations Investment management fees At 30 September 2020 5,872,985 Not book value AI 30 Sepiemb8r 2020 5.872.985 At 30 September 2019 6,258.499 List investments Charity Cost or valuation At 1 October 2019 6,130.081 1415,665} 134,566} Revaluations Investment management fees AI 30 Sepiembor 2020 5,679,850 Not book value At 30 September 2020 5.679.850 At 30 September 2019 6,130.081 Page 28

TrarMtthn Rel. wr&szHv-A5NK29 21y2116..18.318ST (UTC +1) D 2r2 P31146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 17. Investrnent property Group Long tomi leasehold inv•stm•nt property Fwhold Land Total Valuation At 1 October 2019 150.000 887,164 44358 1.037,164 44.358 Surplus on revaluation At 30 September 2020 150.000 931.522 1,081.522 Charity Freehold Land Valuation At 1 October 2019 150,000 At 30 September 2020 150,000 The freehold land was revalued by the Trustees as at 30 September 2016 on an open market value basis having taken independent professional advice. The free1￿Id properties in the group were revalued by professional valuers Eadon, Lockwoc<l & Rid¢Je as al 30 September 2019 on an open market value basis. As at 30 September 2020 the Trustees have reviewed the valuations and made adjustments to reflect the current market value. Page 29

TrarMtthn Rel. wr&szHv-A5NK29 ￿2118..18..S2 BST (UTC +1) D 2r2 P32146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 18. Stocks Group 2020 Group 2019 Charity 2020 Charity 2019 Goods for sale 8,710 4,736 8.296 3.393 19. Debtors Group 2020 Group 2019 Charity 2020 Charity 2019 Due within one year Trade debtors 32,459 19,819 850,608 652 31,421 14,809 100,433 32.459 11,084 450.608 22,374 14,809 100,433 other debtors Prepayments and accrued income Tax recoverable 903,538 146.663 494,151 137.616 Current assal invesimants Group 2020 Group 2019 Charity 2020 Charity 2019 COIF Charities Deposit Fund 25,935 25.935 Page 30

TrJrMEthn Rel. wr&szHv-A5NK29 21y2116..18..J3 BST IUTC+l1 D 2r2 P33146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 21. Creditors: Amounts falling due within one year Group 2020 Group 2019 Charity 2020 Charity 2019 other loans Pension liability Isee note 291 Trade creditors Amounts owed to group undertakings Other taxation and social securty other creditors 150,IJOO 15,570 26,466 150.000 15,570 26.342 15.117 16.743 15.117 11.321 34.642 10,933 5,906 19,158 13,397 70,921 14,852 30,260 58,622 19,158 10.301 7.508 14.852 Accruals and deferred income 291,206 139,900 224.573 97,077 Creditors: Amounts falling due after more than ono year Group 2020 Group 2019 Charity 2020 Charity 2019 Pension liability (see note 291 52,219 68.674 52,219 68.674 Page 31

TrJrMtthn Rel. wf&szHV-A5NK29 ￿2116..18.34 8ST (UTC +1) D 2r2 P34146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 23. Statement of funds Statement of funds - current year 8alance at Balance at I October 2019 Transfers inlout Gainsl September (Losses) 2020 Incorne Expenditure Unrestricted funds Designated funds Retired Ministers Housing Fund Annual Meeting5 Fund Benevolent FurKI 137,183 (3051 139,518 10,000 5,557 230 10,000 5.557 230 Leaflets Fund HAW Fairey Specific Bequest Sexual Orientation Equality Group Small InrtJ"atives Fund 2.179 2.179 846 3.788 11.1081 2,680 Mark James Legacy Mark James Legacy- Nightingale Centre 400,000 400,000 400,000 400,000 159,783 802,640 11.4131 961.010 General funds Other Charitable Funds 2,274.635 522.851 {591,433) (21.661) (156.779) 2.027.643 Total Unrestricted funds 2,434,418 1.325,491 {592,8461 121,661) (156,779) 2.988,623 Page 32

TrJrMtthn Rel. wf&szHV-A5NK29 ￿￿116..1￿..3s BST (UTC +11 D 2r2 P35146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 23. Statement of funds {continued} Statement of funds - current year (continued) 8alance at Balance at I October 2019 Transfers inlout Gainsl September (Losses) 2020 Incorne Expenditure Endowment funds James Speed Trust 840,581 13,894 14,5701 152,439) 783,572 13.894 Millennium Fund Arnold Graves Fund 6.637 6.637 Lewis Edwards Fund 1.894 1.894 863.006 14.5701 152.439) 805,997 Restricted funds Ministerial Students Fund Congregational Development Fund 131.331 3.875 {52,4311 9,025 91.800 64,867 7.981 17.8801 61.441 8.481 Chalice Fund 500 Sunday SchcKJI Fund 30.367 195 2,106 32.668 Beardy Weirdy yO￿h Fund India Fund 15.867 24.777 316 864 1,102 1,719 17,285 27.085 (2751 Humphreys Winder Legacy Trevor Jones Youth Fund 6.819 473 7,292 7,035 2,500 496 10,031 Summer School Bursary Lindsey Press Rosenberg Travel Fund 2,149 5.334 1,100 144 370 3,393 5.704 7.029 7.527 Growth and Suslainability Fund 1.471.289 30.088 {52,8661 190.256) 1.358.255 James Speed Trust 49.691 17.481 {17,0631 50.109 Gabor Kereki Trust 778.425 15.851 14.144) (47.550) 742.582 Page 33

TrJrMtthn Rel. wf&szHV-A5NK29 21y2116..18..36 BST (UTC +1) D 2r2 PW46 GENERAL ASSEMBLY OF uN￿ARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 23. Statement of funds {continued} Statement of funds - current year (continued) 8alance at Balance at I October 2019 Transfers inlout Gainsl September (Lossesl 2020 Incorne Expenditure Sustentation Fund Lay Pastors and Approved Lay Persons in Charge other 587.188 16,746 {21,1811 168.659) 514,094 28.324 16.849 566 (1601 14.2091 18 28,748 22,174 8,760 774 Nightingale Centre 2,806.740 235,811 {322,8501 34,075 2,753,776 6,042.062 334,153 1483,0591 21,661 (172.372) 5.742.445 Total of lunds 9,339.486 1.659,644 11,080,475) (381.590) 9,537.065 Page 34

TrJrMtthn Rel. wf&szHV-A5NK29 21y2116..18.3Y BST (UTC +1) D 2r2 P37146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 23. Statement of funds {continued} Statement of funds - prior year Balance at Balance at 1 October 2018 Transfers Gainsl September inlout (Losses) 2019 Income Expenditure Unrestricted funds Designated funds Retired Ministers Housirkg Fund Annual Meetings Fund Benevolent Fund 134.565 10,000 5.557 230 2,640 122} 137.183 10.000 5.557 230 Leaflets Fund HW Fairey Specffic Bequest Sexual Orientation Equality Group Small Initiatives Fund 2.179 2.179 11,212} 5,000 3,788 153,377 2,640 11,234} 5.000 159.783 Genoral ￿ndS Other Charitable Funds 2,245,895 634,148 1730,184} 4,879 119,897 2,274,635 Total Unrestricted funds 2.399.272 636.788 {731.418} 9.879 119.897 ?,434.418 Endowment funds James Speed Trust Millennium Fund 801,070 13,894 6,637 1.894 14,912) 44.423 840,581 13.894 6.637 1.894 Arnold Graves Fund Lewis Edwards Fund 823,495 14,912} 44,423 863,006 Page 35

TrJrMtthn Rel. wf&szHV-A5NK29 21y2116..18..J6 BST (UTC +1) D 2r2 P38146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 23. Statement of funds {continued} Statement of funds - prior year {continuedl Balance at Balance at 1 October 2018 Transfers inlout Gainsl September (Losses) 2019 Income Expenditure Restricted funds Ministerial Students Fund 147.334 3,280 {26,783) 7.500 131.331 Congregational Development Fund Chalice Fund 73,648 12.491 28.896 {12.530} {120) {5.0001 3.749 610 64.867 7.981 30.367 Sunday School Fund Beardy Weirdy Youth Fund 1,471 14,697 23,419 954 {532} {530} 748 15,867 24,777 India Fund 696 1,192 Humphreys Winder Legacy Trevor Jones Youth Fund Summer Sch￿)1 Bursary Lindsey Press Rosenberg Travel Fund Growth and Sustainabilty Fund 6,489 4,566 3.332 5,075 3,748 330 6,819 7.035 2.149 5,334 7,029 2,737 1.862 220 {500} 13,215) {219} {329} 232 170 258 191 3,419 1,368,248 45.685 724,138 562.405 36,880 21,427 19.430 19.761 18,454} {16,350} 14.454) {20.567) (1,8441 76,459 1,471,289 {1,0711 49.691 19711 40.282 778.425 19631 26.552 587.188 James Speed Trust Gabor Kereki Trust Sustentation Fund Lay Pastors and Approved Lay Persons in Charge other 27.051 56.638 2,846.681 598 4.151 338,838 {161) {44,529} 1401,169) {301 866 589 28.324 16.849 22.390 2,806,740 Nightingale Centre 5,954,541 454.253 1540,442} 19.8791 183.589 6,042.062 Total of funds 9,177,308 1,091,041 11,276,772} 347,909 9,339,486 Page 36

TrJrMEthn Ref. wr&szHv-A5NK29 21y2115..18..$g BST IUTC+l1 D 2r2 P39146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 Desi nated Funds Retired Ministers Housing Fund Funds relating to joint ownership of propertiesfor ministers andlspouses. Annual Meetings Fund Surplus from a prior Annual Meeting; to be allocated to any unexpected loss at a future meekn"ng. Benevolent Fund Donations towards costs of counselling for ministers. Leaflet Fund Set aside for design and prints'ng of leaftets. HAW Fairey Specific Bequest Bequest to set up Unitarian marriage. Sexual orientation Equality Group To Sup￿ LGBT initiatives at local level. Mark Jarnes Legacy Provision of support for Unitarian students. Mark James Legacy - Nightingale Centre Provision of support for Unitarran students. Endowment Funds James Speed Trust Income is used to support congregational activities in Scotland Millennium Fund Grants made to congregations for small initiatives. Amold Gravos Fund Income lo be used by the General Assembly with no restiictions. Lowis Edwards Fund Income to be used by the General Assembly with no restrictions. Restricted Funds Ministerial Students Fund To support approved ministerial studerrts in their ministerial training. Congregational Development Fund 2020 Congregational Development programme. Chalice Fund Funds raised to support CPD for ministers. Sunday School Fund Historic assets of Sunday School Association absorbed into the GA. Beardy Weirdy Youth Fund Supports new initiatives or special activitie5 at Youth Programme events. India Fund Historic fund to support Unitarian causes in India. Page 37

TrJrMEthn Rel. wr&szHv-A5NK29 ￿￿118..18..4o 8ST (UTC +1) D 2r2 P40146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 Restricted Funds continued Humphreys Winder Legacy To support young people attending inlemational conferences. Trevor Jones Youth Fund General object of support for the Youth Programme. Summer School Bursary Subsidises attendance at RE Summer School for those unable to afford full costs. Lindsey Press Margaret Hamer legacy to support Lindsey Press publishing. Rosenberg Travel Fund Supwrts travel costs for children and young people attending the national Youth Programme. Growth and Sustainability Fund Donation from Bowland Trust to support the growth and sustainability of the General Assembly and its constituent bodies. James Speed Trust To support congregational activities in Scotland and contribute to ministerial Stipends. Gabor Kereki Trust To support attendance at HMCO and UCM by ministers and students ofthe Hungarian Unitarian Church. Sustentation Fund To aid the maintenance of faithful and efficient Ministers serving congregations affiliated to the General Assembty of Unitarian and Free Christian Churches. Lay Pa$tors and Approved Lay Persons in Charge To aid the maintenaTr￿ of faithfvl and effaenl Lay Pastors and Lay Persor¢s in charge servinge congregations affiliated to the General Assembly of Unitarian and Free Christian Churches. Training Educational and Development Fund (TED) To support the education and training initiatives and eslablishment of Unitsrian College. Other Millennium Fund Grants made to congregations for small initiatives. Scottish Pilot for Future Ministry Under review. YP Chamberlain Fund Fund to support youth attendance at conferences. India Fund- Kharang Rural To support the Kharang Rural Centre in North East India. ICUU Fund To enable support lo be given to the work of the Intemational Council of Unitarians arKI Universalists {Icuui. Online Video Enhancernent Project Support to help ministers and congregations adapt to online service delivery as a result of the pandemic by the provision of equipment, training and fvTrJing appropriate streaming projects. Page 38

TrJrMtthn Rel. wf&szHV-A5NK29 ￿￿11￿..18..41 BST (UTC +1) D 2r2 P41146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 Summary of funds Summary of funds - current year 8alance at Balance at I October 2019 Transfers inlout Gainsl September (Lossesl 2020 Incorne Expendrture Designated funds 159.783 2,274.635 802,640 522.851 961.010 (156.779) 2.027.613 General funds Endowment funds 1591 A331 (21.661) 863.006 6,042.062 14.570) {483,0591 (52.439) 805.997 (172.372) 5.742.445 Restricted funds 334,153 21,661 9,339,486 1,659,644 11,080,475) (381,590) 9,537,065 Summary of funds - prior year Balance at Balanco at 1 October 2018 Transfers in/out Gainsl September (Losses) 2019 Income Expenditure Designated funds 153,377 2,245,895 2,640 634,148 11,234) 1730,184) 5.000 4.879 159,783 2,274.635 General bjnds 119,897 Endowrnent funds 823.495 5.954.541 14.912) 1540,442) 44.423 183.589 863.006 6,042.062 Restricted funds 454,253 19.8791 9,177,308 1.091.041 11,276,772} 347,909 9,339,486 Page 39

TrarMtthn Rel. wrv3zHv-A5NK29 21y2116..18..42 BST (UTC +1) D 2r2 P42146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 25. Analysis of net assets between funds Analysis of net assets between funds- current period Unrestricted Restricted Endowment funds funds funds 2020 2020 2020 Total funds 2020 Tangible fixed assets Fixed asset investments Investment property Current assets Creditors due wtthin one year Creditors due in more than one year 58,281 2,363,695 150,000 693.439 1224,573} {52,219} 1,575,952 2,717.625 931,522 583,979 166.6331 1,634,233 5.872.985 1,081.522 1,291.750 (291.206) 152,219} 791.665 14.332 Total 2,988,623 5,742.445 805,997 9,537,065 Analysis of net assets betwoen funds- prior period Unrestiict8d funds 2019 Rostrictod Endowmont fvnds funds 2019 2019 Total funds 2019 Tangible fixed assets Fixed asset investments 60,364 1,661,994 2,564,894 2,874,931 150,000 887,164 {209,731 } 695,438 162,435} 177.4651 {68,674) 1,722.358 6,258.499 1,037.164 530,039 1139.9001 168,6741 818.674 Investment propety Cu￿ent assets 44,332 Creditors due within one year Creditor5 due in more than one year Total 2,434,418 6,042,062 863.006 9,339,486 Page 40

TrJrMEthn Rel. wr&szHv-A5NK29 ￿211s..18..4J BST (UTC +1) D 2r2 P43146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 Reconciliation of net movement in funds to net cash flow from operating activities Group 2020 Group 2019 Charity 2020 Charity 2019 Net income for the period las per Ststement of Financial Activities) 197,579 162,178 (149.45n 161.296 Adjustments for: Depreciation charges Gains on investments Dividends, interests and rents from investments 89,335 381,590 73,781 1347,9091 3.293 415,665 8.143 1325,5191 {166,0471 (186.9781 (135,264) 1165,7761 34,566 37.495 34.566 37.495 13,9741 1351 {4,903) 1756,875) 135.7991 (356.535) (15,1491 1,597 (38.959) Investment management fee Increase in stocks Increase in debtors Increaselldecreasel in creditors 137,0751 35.439 Net cash used in operating activities 1238,9751 {295,6701 (231.594) 1285.9971 27. Analysis of cash and cash equivalents Group 2020 Group 2019 Charity 2020 Charity 2019 Cash in hand Noti￿ deposits (less than 3 months) 379,502 352,705 25,935 185.059 106,664 25,935 Total cash and cash equivalents 379,502 378,640 185.059 132,Sg9 28. Analysis of changes in not debt A130 September 2020 October 2019 Cash flows Cash at bank and in hand Deb* due within 1 year Liquid inve5tmen15 352,705 26.797 (150.000) 125.935) 379,502 1150,000) 25.935 378,640 (149.138) 229.502 Page 41

TrJrMEthn Rel. wr&szHv-A5NK29 21y2116..18..44 8ST (UTC +1) D 2r2 P44146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 Pension cornrnitments General Assemb Staff The Charrty partiapates in the scheme, a mulb"employer scheme (The TPT Retirement Solutions The Growth Plan) which provides benefits to some 950 non-associated participating employers. The scheme is a defined benefrt scheme in the UK. It is not possible for the Charity lo obtain suffiuent information to enable rt to account for the scheme a5 a defined benefit scheme. Therefore it accounts for the scheme as a defined contribution scheme. The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, together wth documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Feporting coun￿1. set out the framewoTk for funding defined benefit occupational pension schemes in the UK. The scheme is dassified as a 'last-man standing arrangement.. Therefcre Ihe Charty is potentially liable for other participating employers. obligations if those employers are unable to meet their share of the scheme deficit follomring Mqthdrawal from the scheme. Participating employers are legally required to meet their Share of the scheme deficit on an annuity PUTcha5e basi5 on withdrawal from the scheme. A full actuarial valuation for the scheme was carried out at 30 September 2017. This valuation showed assets of £794.9m. liabilthes of £926.4m and a deficit of £131.5m. To eliminate this fijnding shortfall, the Trustee has asked the participating employers to pay additional contn"butions to the scheme as follows.. From 1 April 2019 to 31 January 2025.. £11.243,000 per annum (payable monthly and increasir by 3% each on 1 April} Unless a concession has been agreed wth the Trustee the term to 31 January 2025 applies. Note that the scheme's previous valuation was carried out with an effective date of 30 September 2014. This valuation showed assets of £793.4m, liabilities of £969_9m and a deficit of £176_5m. To eliminate this nding shortfall, the Trustee has asked the participating employers to pay additional contributions to the scheme as follows.. From 1 April 2016 to 31 January 2025: £12,945,440 per annum Ipayable monthly and increasirKJ by 3% each on 1 April) (payable monthly and increasirKJ by 3% each on 1 April) From 1 April 2016 to 31 January 2028". £54,56D per annum The recovery plan contributions are allocated lo each participating employer in line with their estimated share of the Series 1 and Serie5 2 scheme liabilities. Where the scheme is in deficit and where the Charity has agreed to a deficit fijnding a￿angement the company recognises a liabilty for this obligation The amount recognised is the net present value of the deficit reduction contributions payable under the agreement that relates to the deficit. The present value is calculated using the discount rale detailed in these di￿109￿re$. The unwtnding of the discoLsnt rate is recognised as a finance cost. Page 42

TrarMtthn Rel. wr&szHv-A5NK29 ￿￿116..18..4s BST (UTC +1) D 2r2 P￿146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 Present values of provisions 2020 2019 Due in less than 1 year Due in more than 1 year 15.570 52.219 15,117 68.674 RECONCILIATION OF OPENING AND CLOSING PROVISIONS 67.789 83.791 Reconciliation of opening and closing provisions 2020 2019 Provision at start of period Unwinding of the discount factor {interest expense) Deficit conth"bution paid Remeasurement5- impact of any change in assumptions Remeasurements - amendments to the contribution schedule 83.791 1885) 115,117) 97,714 1,596 114,1291 1.700 {3,0901 Provision at gnd of pgriod 67.789 83.7g1 Income and axpenditure impact 2020 2019 Interest expense Remeasurement5- impact of any change in assumptions Remeasurements- amendrnents to the contribution schedule 1885) 1,5g6 1.700 (3,0901 1885) 206 Page 43

TrarMtthn Rol. wr&szHv-A5NK29 21y2116..18..46 BST (UTC +1) D 2r2 P46146 GENERAL ASSEMBLY OF UNrrARIAN AND FREE CHRISTIAN CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 Assumptions 2020 %per annum 2019 %per annum Rate of discount 0.98 General Assernbl staff who are also Ministers Ministers who have worked for the General Assembly are members of the Ministers. Pension Fund which is a defined benefit plan. There are Cu￿entlY no members of staff in this category. The assets of the scheme are held separately from those of the Charity and are administered by the Ministers. Pension Fund managers Jardine Lloyd Thompson. We have not identified any direct liability, however the General Assembly are the overall guarantors for the scheme. The last actuarial valuation of Ihe Ministers Pension Fund was at 31 December 2016 and showed a valuation of £559,000 131 December 2013: £644.0001. The nexl actuarial valuation will be carried as at 31 December 2019. Related party transactions During the year Trustees gave donats'ons to the charity totalling £1,060 {2019= £9701. Trustee Marion Baker is also a Trustee of Unilarian College. During the year Unitarian College paid General Assembly £6,00012019: £4.9051 for bookkeeping services and General Assembly donated funds of £45,00012019_' £43,0201. 31. Controlling party The ultimate controlling paty is Ihat of the trustees as detailed on page 1. Principal subsidiaries The following was a subsidiary undertaknng ofthe Charty. Name Charity Registered office or principal Included in registration place of business consolidation number The Nightingale Centre {Unitarian} Va 242256 The Nightingale Centre The Nightir¢gale Cenlre, Great Hucklow, Buxton, De*t)yghire, SK17 8RH The financial resu￿$ of the subsidiary for the year were: Nam8 Income Expendituro Surplusl (Deficit) for tho year Net assets The Nightingale Centre (Unitarian) tla The Nightingale Centre 635,811 322,850 347,036 3,238,220 Page 44