2020-12-31-accounts - Congregational Federation

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			Page
Report ofthe Trustees			1 —12
Statement ofTrustees'	Responsibilities		13
Report ofthe Independent		Auditor	14-16
Statement ofFinancial	Activities		17
Comparison Statement	of	Financial Activities	18
Balance Sheet			19
Statement ofCashflows			20
Notes to the Financial Statements			21 —37

					Unrestricted	Restricted	Endowment	2020 Total	2019Total
					Funds	Funds	Funds	Funds	Funds
				Note	6	6	6	6	6
income from donations &		legacies			217,621	78,320		295,941	499,170
Income from lettings					138,617	23,340		161,957	242,173
Inurstment income					180,188	117,375		297,563	381,335
Income from charitable actiuties					148,474	15,886		164,360	178,433
Other income
Tote I					684,900	234,921		919,821	1,301,111
Expenditure on lettings					139,794			139,794	147,412
Expendable on charitable		activities			649,006	264,205		913,211	1,147,984
Tots I					788,800	264,205		1,053,005	1,295,396
Net Income/(Expenditure) tra nsfe ra		before			(103,900)	(29,284)		(133,184)	5,715
Gross transfers between	funds
Net income/(expenditure)		before			(103,900)	(29,284)		(133,184)	5,715
other recognised gains		and	losses
Other recognised gainer(losses)
Gains/(losses) on investment			assets		(330,320)	(122,985)	(47,041)	(500,346)	1,070,345
					(330,320)	(122,985)	(47,041)	(500,346)	1,070,345
Net movement in funds					(434,220)	(152,269)	(47,041)	(633,530)	1,076,060
Total funds brought forward					10,465,584	3,587,904	1,179,771	15,233,259	14,157,199
Total Fundsc/f					10,031,364	3,435,635	1,132,730	14,599,729	15,233,259

				Unrestricted	Restricted	Endowment	2019Total
				Funds	Funds	Funds	Funds
Income
Income from donations &	legacies			487,263	11,907		499,170
Income from lettings				220,177	21,996		242,173
Investment income				233,192	148,143		381,335
Income from charitable activities				141,536	36,897		178,433
Other income
Total				1,082,168	218,943		1,301,111
Expenditure on lettings				147,412			147,412
Expendable on charitable	activities			811,045	336,939		1,147,984
Tots I				958,457	336,939		1,295,396
Net Income/(Expenditure)		before		123,711	(117,996)		5,715
transfers
Gross transfers between	funds
Net income/(expenditure)		before		123,711	(117,996)		5,715
other recognised gains	and		losses
Other recognised gains/(losses)
Gains/(losses) on investment			assets	710,048	270,542	89,755	1,070,345
investment Property re-valuation
				710,048	270,542	89,755	1,070,345
Net movement in funds				833,759	152,546	89,755	1,076,060
Total funds brought forwa		rd		9,631,825	3,435,358	1,090,016	14,157,199
Total Funds c/f				10,465,584	3,587,904	1,179,771	15,233,259

			Unrestricted	Restricted	Restricted	Endowment	2020 Total	2019Total
			Funds	Funds		Funds	Funds	Funds
		Note	6	f			8	5
Non Current	Assets
Tangible Assets		12	1,243,624	457,535		265,105	1,966,264	2,043,648
Investment Properly		13	3,092,646	229,500			3,322,146	3,322,146
Investments		14	6,557,730	2332	874	867,625	9758,229	10258575
			10)894000	3019909		1~132)730	16)046639	16624 369
~Current
Debtors		15	78,068		187		78,255	64,090
Cash at bank	&on deposit		452616	425,359			877975	1,007,252
			630,684	426,646			966,230	1,071,342
Crrt
Amounts falling due
within one year		16	103,728	9	820		113,548	129,860
Net Current	Assets		426 966	415~726			842,682	941,482
Creditors
Amounts falling due afler
more than one year		17	(1,289,592)				(1,289,592i	(1.332,592)
Net Assets			10)031~364	3)436	636	1132730	14)699729	16~233~259
~Fund
Unrestricted	Funds		10,031,364				10,031,364	10,465,584
Restricted Funds				3,435,635			3,435,635	3,587,904
Endowment	Funds					1 132,730	1 132,730	1 179771
TotalFunds		19	10031364	3436	636	1)132~730	14~699729	15233269

				2020	2019
				5	6
Cash flow from operating activities			Note 23	(125,000)	34,036
Cash flow from investing activities
Payments to acquire tangible	assets			(4,277)	(52,801)
Proceeds from sales oftangible assets
Proceeds from sales ofinvestment properties					223,491
Payments to acquire investments					16,506
Net cash flow from investing	activities			(4,277)	187,196
Net increase I(decrease) in	cash and cash equivalents			(129,277)	221,232
Cash and cash equivalents	at 1January	2020		1,007,252	786,020
Cash and cash equivalents	at 31 December 2020			877,975	1,007,252
Cash and cash equivalents	consist of:
Cash at bank and in hand				877,975	1,007,252

		2020	2019
Unrestricted		6	6
Closed Church Receipts		133,200	396,957
Government Furlough Grants		11,005
Covid Business Grant-	Pillon Grant	17,000
City of Nottm Covid Business Grant		7,729
Memorial Hall Trust Grants		29,400	28,000
Church Support - Closed Church Receipts		14,800	44,106
Church Support Donations		3,044	15,115
Youth &Children Receipts			210
General Purposes Donafions		1,443	2,875
		217,621	487,263
Restricted
Syria Appeal		3,994	8,501
CIPT- Fees		830	1,060
CIPT - Donations		1,975	1,425
Library Donations		472
CWM MSP4		26,334
CWM Covid Gift ofGrace		14,000
CF Churches Gift ofGrace		250
CIPT - Course Materials		83	921
CWM Covid 19Mission	Initiative	14,000
CWM - If only...Mission	Initiative	16,382
		78,320	11,907
Total		295,941	499,170
INVESTMENT INCOME
		2020	2019
		6	6
Unrestricted		180,188	233,192
Restricted		117,375	148,143
Total		297,563	381,335

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CHARITABLE ACTIVITIES	- G	RANTS PAYABLE
				2020			2019
			Grants to	Grants	to	Grants to	Grants	to
			Institutions	Individuals		Insdtugons	Individuals
			8		6	8		6
Payable From:
Sydney Berry Trust					5,065			5,655
Pastor &Widows Fund					20,893			21.298
Education Fund
Personal CMD Grants							817
Home/Botwrig ht								1,300
Church Support Grants			28,236			47,950
Special Appeals - Christian	Aid		12,000
Grants payable from Ama	Funds		55,956			123,566
Grant to CFL						5,101
Total			96,192		26,558	177,434		28,253
NET INCOMING/(OUTGOING)		RESOURCES
Net resources are stated after charging/(crediting):
			2020
			6		6
Depreciation - owned assets			81,661		81,554
Auditors remuneration			12,182		10,668
Profit/(loss) on disposal of	fixed	assets

Gross Pay plus		Employem' Nl
				2020				2019
			Total	Direct	Su	ort	Total	Direct	SU	olt
General Purposes			98,158			98,158	99,385			99,385
CIPT			73,224	50,845		22,379	71,831	49,790		22,041
Trading			55,371	55,371			53,412	53,412
Homes for Retired		Minislers	12,827	12,827			12,630	12,630
Church Suppon	Workem		28,083	28,083			60,290	60,290
Church Support	Dept		37,882			37,882	37,259			37,259
Church Finanrdal		Senrlces	54,704	54,704			54,361	54,361
Webslte/Sordal	Media		11,166	11,166			10,903	10,903
CFArea Schemes			3,958			3,958	4,003			4,003
Ministers' Pension			3,957			3,957	4,003			4,003
Safeguarding			22,556	22,556			22,552	22,552
CIPT - Tutor Fee's			1,218	1,218			1,634	1,634
Total			403,104	236,770		166,334	432,263	266,672		166,691

	Freehold	Leasehold	Plant	8	Fixtures &	Motor
	property E	property 6	machinery 6		fittings 6	Vehmles	Total 6
Cost
Bahnce b/f	1,634,507	100,000	48,771		678,341	12,526	2,474,145
Addifions				4,277			4,277
Disposals
Revaluations
Balance cff	1,634,507	100000	53048		678341	12526	2478422
Depreciabon
Balance brf				10,383	415,678	4,436	430,497
Charge for the year				10,166	68,363	3,132	81,661
Disposals
Balance clf					484 041	75M	512158
Net Book Value
Brought forward	1,634,507	100,000	38,3M		262,663	8,090	2,043,648
Carrkrd forward	1,634,507	100,000		32,499	194,300	4,958	1,966,264

MARKET VALUE	MARKET VALUE
At 1 January	2020	3,322,146
Disposals
Impairment
Re-Vabration
At 31 December 2020		3,322,146

Market Value
At 1 January 2020
Net Additions/(Disposals)
Unreafised loss on intestments

				At 01.01.20	Income	Expenditure	G/L	Revaluation	Transfers	At 31.12.20
~nr )rig((SI Funds							f	Surplus 8	E	9
General Purposes				1,455,182	265,600	(278,090)	(46,273)		2	1,396,421
Des nated Funds
Properly				1,615,978						1,615,978
Trading				1,121,739	78,557	(148,752)				1,051,544
lb(sisters' Pension				302,291	89,229	(97,220)	(14,698)		7,991	287,593
Church Support Grants				100,921	18,150	(30,054)	(421)
Church Support -	Dept				21,333	(121,583)			100,250
Church Support -	Safeguarding				21,233	(33,806)			12,573
Church Financial	Services			912,003	54,869	(74,977)	(43,669)		20,108
Closed Church Fund					2				(2)
Protected Programme				4,955,358	133,622		(225,259)		(140,922)	4,722,799
CFArea Funds				2,112	2,305	4 318				99
				10,465,584	684,900	(788,800)	(330,320)			10,031,364
Restrkted Funds
Homes for Rsbred		Ministers		778,718	16,295	(23,114)	(4,315)			767,584
Educalion				37,825	892		(1,577)			37,140
Sidney Berry				185,384	5,089	(25,958)	(8,997)			155,518
Church Supporl -	CIPT			1,401,425	82,204	(142,663)	(57,M2)			1,283,964
Special Appeals				8,801	3,994	(12,000)				795
CWM MSP3				24,735	54					24,789
CWM MSP4					26,334	(74)				26,260
CSC - if only...Mission Initiative					16,382					16,382
CSC - CWM Gift	ofGrace				14,250	(4,440)				9,810
CSC - CWM Covid		lytssion	iniliative		14,000					14,000
CFArea Funds				1 151016	55427	55956	51094			1099393
				3,587,904	234,921	(264,205)	(122,985)			3,435,635
~Prman ~nt End	vsnxE)IE
General Purposes		Property		91,654						91,654
Horres for Rebred		Ministers		173,451						173,451
CFArea Funds				914,666			47,041			867625
				1,179,771			(47,041)			1,132,730
TotalFunds				15,233,259	919,821	(1,053,005)	(500,346)			14,599,729

Protected Programme Fund
The table below is an analysis	ofthe transfers to and from the fund
Church Financial Services		(20,108)
Ministers Pension		(7,991)
Safeguarding /Accreditation	Group	(12,573)
Church Support General		(100,250)
		(140,922)

		At 01.01.19	Income	Expendkure	GIL	Revaluation	Transfers	At 31.12.19
Unrestricted Funds		f		6	6	Surplus 5	6	6
General Purposes		1,360,703	252,055	(350,828)	117,672		75,580	1,455,182
Des nated Funds
Property		1,815,978					(200,000)	1,615,978
Trading		1,130,513	152,405	(161,179)				1,121,739
Ministers' Pension		270,955	94,708	(97,019)	31,336		2,311	302,291
Church Support Grants		67,962	66,635	(55,294)	21,618			100,921
Church Support - Dept			25,342	(176,071)			150,729
Church Support - Safeguarding			24,862	(34,173)			9,311
Church Financial Services		818,899	63,952	(79,524)	93,104		15,572	912.003
Closed Church Fund		75,763	5				(75,768)
Protected Progransrsr		4,087,896	398,879		446,318		22,265	4,955,358
CFArea Funds		3,156	3,325	4,369				2,112
		9,631,825	1,082,168	(958,457)	710,048			10,465,584
Restricted Funds
Pastors &Widows		7,287		(21,298)			14,011
Horres for Rsbred	Nfnisters	779,312	15,914	(26,693)	10,185			778,718
Educafion		33,341	1,123		3,361			37.825
Sidney Berry		177,937	6,792	(5,655)	20,321		(14,011)	185,384
Church Support -	CIPT	1,317,653	116,826	(159,246)	126,192			1,401,425
Special Appeals		300	8,501					8,801
CWM MSP3		25,057	157	(479)				24,735
CFArea Funds		1,094471	69,630	123,568	110,483			1,151,016
		3,435,358	218,943	(336,939)	270,542			3,587,904
Permanent Endowments
General Purposes	Property	91,654						91,654
Homes for Regred	Nlinisters	173,451						173,451
CFArea Funds		824,911			89,755			914,666
		1,090,016			89,755			1,179,771
Total Funds		14,157,199	1,301,111	(1,295,396)	1,070,345			15,233,259

CFArea Funds 2019
	Endowments	Expendable	Accum Income	Total @31.12.19
	6	6
CF in Wales	24,666	37,283	4,772	66,721
East Midlands	39,336	18,501	5,112	62,949
Eastern	39,710		3,660	43,370
-Church Ext	64,203		3,609	67,812
North East	105,781	15,919	8,116	129,816
North West	77,562	647,652	27,203	752,417
-Church Ext	11,946	86,120	3,614	101,680
North West Midlands	45,525	6,414	14,928	66,867
South East	252,280	104,762	5,244	362,286
-Church Ext	30,893		7,872	38,765
South West	222,764	60,646	14,479	297,889
South West Midlands		74,552	558	75,110

			Unrestdcted	Restricted	Permanent
			Funds	Funds	Endowments	Total
			5	8	E	8
Fund balances at 31stDecember 2020 are
represented		by:
Fixed Assets			1,243,624	457,535	265,105	1,966,264
Invesbnent	Property		3,092,646			3,322,146
Invesbnents			6,557,730	2,332,874	867,625	9,758,229
Net Current		Assets	426,956	415,726		842.682
Creditors rrnre than one year			(1,289,592)			(1,289,592)
Total			10,031,364	3,435,635	1,132,730	14,599,729
			Unrestricted	Restricted	Permanent
			Funds	Funds	Endowments	Total
			f		5	5
Fund balances at 31stDecember 2019are
represented		by:
Fixed Assets			1,320,126	458,417	265,105	2,043,648
Investment		Property	3,092,646	229,500		3,322,146
Imestments			6,812,050	2,531,859	914,666	10,258,575
Net Current		Assets	573,354	368,128		941,482
Creditors rrare than one year			(1,332,592)			(1,332,592)
Total			10,465,584	3,587,904	1,179,771	15,233,259

			2020	2019
			5	8
Funds to Congregational Federation	Umked
Grant relahng to a closed church				5,101
Loan relating to a closed church				30,000
Payrrwnt ofAudit I Independent Examnafion		Fee	2,400	2,250
Funds from Congregational Federation		Umlted
Costs rela5ng to closed churches			331	449
Affisafion Fees			176	287
Closed church sale distribufion			148,000	441,063

		2020	2019
		5	5
Net movement in funds for the year		(633,530)	1,076,060
Depreciation		81,661	81,554
(Profit)/loss on disposal oftangible fixed assets
(Profit)loss on disposal ofinvestment	properties		(23,494)
(Gains)/losses on investments		500,346	(1,070,345)
Investment property revaluation
(Increase)/decrease in debtors		(14,165)	(22,031)
Increase/(decrease) in creditors		(59,312)	(7,708)
Net cashflow from operating activities		(125,000)	34,036