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2021-12-31-accounts

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

Unrestricted Restricted Endowment 2021 Total 2020 Total
Funds Funds Funds Funds Funds
Nots 6 6 5 5
Income
Income fram donations & legacies 483,178 34,048 517,226 295,941
Income from lettings 148,077 24,660 172,737 161,957
Inwstment
income		 177,339 113,817 291,156 297,563
Income from charitable activities 144,016 20,366 164,382 164,360
Other income 60,639 60,639
Total 1,013,249 192,891 1,206,140 919,821
~Edil
Expenditure
on lettings		 167,871 167,871 139,794
Expendable
on charitable		 activities 664,233 303,477 967,710 913,211
Total 832,104 303,477 1,135,581 1,053,005
Net Income/(Expenditure)
transfers		 before 181,145 (110,586) 70,559 (133,184)
Gross transfers
between		 Funds
Net incomel(expenditure) before 181,145 (110,586) 70,559 (133,184)
other recognised
gains		 and losses
Other recognised
gains/(losses)
Gains/(losses)
on investment		 assets 951,125 245,785 77,220 1,274,130 (500,346)
Net movement
in Funds		 1,132,270 135,199 77,220 1,344,689 (633,530)
Tots I Funds brought forward 10,031,364 3,435,635 1,132,730 14,599,729 15,233,259
Total Funds carried forward 11)163)634 3570 834 1 209950 15944418 14599729

Unrestricted Restricted Endowment 2020 Total
Funds Funds Funds Funds
Income
Income from donations & legacies 217,621 78,320 295,941
Income from lettings 138,617 23,340 161,957
Investment
income		 180,188 117,375 297,563
Income from charitable activities 148,474 15,886 164,360
Other income
Total 684,900 234,921 919,821
~Edii
Expenditure
on lettings		 139,794 139,794
Expendable
on charitable		 activities 649,006 264,205 913,211
Tots I 788,800 264,205 1,053,005
Net income/(Expenditure) before (103,900) (29,284) (133,184)
transfers
Gross transfers
between		 Funds
Net income/(expenditure) before (103,900) (28,284) (133,184)
other recognised
gains		 and losses
Other recognised
gains/(losses)
Gains/(losses)
on investment		 assets (330,320) (122,985) (47,041) (500,346)
Net movement
in Funds		 (434,220) (152,269) (47,041) (633,530)
Total Funds brought forward 10,465,584 3,587,904 1,179,771 15,233,259
Total Funds carried forward 10,031,364 3,435,635 1,132,730 14,599,729

Unrestricted Restricted Endowment 2021 Total 2020 Total
Funds Funds Funds Funds Funds
Note 6 6 6 6 5
Tangible Assets 12 1,066,350 456,652 265,105 1,788,107 1,966,264
Invsstmsnt
Properly		 13 3,361,062 229,500 3,590,562 3,322,146
Inuestmsnts 14 7339854 2485660 944,845 10770359 9758,229
11,767,266 3,171,812 1,209,950 16,149,028 15,046,639
tdttrggfBaattttt
Debtors 15 42,813 187 43,000 78,255
Cash at bank 8 on deposit 712,738 401,989 1,114,727 877,975
755,551 402,176 1,157,727 956,230
~Cr
it
Amounts
falling due
within one year 16 88841 3 154 91995 113548
Net Current Assets 666,710 399,022 1,065,732 842,682
Amounts
falling due after
more than one year 17 (1,270,342) (1,270,342) (1,289,592)
Net Assets 11,163,634 3,570,834 1,209,950 15,944,418 14,599,729
~Fun
Unrestricted Funds 11,163,634 11,163,634 10,031,364
Reslricted Funds 3,570,834 3,570,834 3,435,635
Endowment Funds 1,209,950 1,209,950 1,132,730
Total Funds 19 11,163,634 3,570,834 1,209,950 15,944,418 14,599,729

2021 20
8 F
Cash flow from operating
activities		 Note 23 85,116 (125,000)
Cash flow from investing
activities
Payments
to acquire tangible assets		 (7,290) (4,277)
Payments
to acquire investment
properties		 (6,416)
Proceeds from sales oftangible assets 165,342
Proceeds from sales of investment
properties
Payments
to acquire investments
Net cash flow from investing
activities		 151,636 (4,277)
Net increase I(decrease)
in cash and cash equivalents		 236,752 (129,277)
Cash and cash equivalents
at 1January		 877,975 1,007,252
Cash and cash equivalents
at31December		 1,114,727 877,975
Cash and cash equivalents
consist of:
Cash at bank and in hand 1,114,727 877,975

2 INCOME FROM DONAT IO NS, LEGACIES AND GRAN TS
2021 2020
Unrestricted 8
Closed Church Receipts 372,737 133,200
Government
Furlough
Grants		 2,424 11,005
Covid Business Grant - Pilton Grant 7,000 17,000
City of Nottm
Covid Business		 Grant 12,500 7,729
Memorial
Hall Trust Grants		 29,400 29,400
Church
Support - Closed		 Church Receipts 41,415 14,800
Church
Support
Donations		 15,076 3,044
General
Purposes
Donations		 2,626 1,443
483,178 217,621
Restricted
Syria Appeal - Christian Aid
Kenya Appeal - Christian Aid 3,530
Vaccine Appeal - Christian Aid 857
CIPT- Fees 750 830
CIPT - Donations 1,975
Library
Donations		 1,128 472
CWM MSP4 26,334
CWM Covid Gift ofGrace 26,643 14,000
CF Churches
Gift ofGrace		 1,070 250
CIPT - Course Materials 70 83
CWM Codd 19Mission Initiative 14,000
CWM - Ifonly...Mission Initiative 16,382
34,048 78,320
Total 517,226 295,941
3 INVESTMENT
INCOME
2021 2020
8
Unrestricted 177,339 180,188
Restricted 113,817 117,375
Total 291,156 297,563

2021 2020
Unrestricted 6 6
Church
Affiliation
Fees		 76,293 79,718
Ministers'
Pension		 55,462 59,684
CF 50th Anniversary 188
CFL —Admin
Charges		 3,962 4,268
Congregationalist 247
Refresh 1,050
Pilton Green Lettings 3,925 987
Yearbook 875
ACAT Membership 910 950
Associate Membership 861 280
Personal
Membership		 41 325
Other Income 1,324 1,140
144,016 148,474
Restricted
Congregational
Institute ofPractical Theology		 20,366 15,886
20,366 15,886
Total 164,382 164,360

Staffcosts and overheads Staffcosts and overheads
Accommodation costs
Other expenditure
Tots I
2021 2020
6 6
61,518 60,462
100,951 73,362
5,402 5,970
167,871 139,794

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CHARIT ABLE A CTIV ITIES - G RANTS PAYABLE
2021 2020
Grants to Grants to Grants to Grants to
Institutions Individuals Institutions Individuals
6 6 6
Payable From:
Sydney Berry Trust 24, 805 5,065
Pastors and Widows Fund 20,893
Other 415
Home/Sotwright 700 600
Church Support Grants 33,000 28,236
Special Appeals - Christian Aid 4, 171 12,000
Gift ofGrace - Church Grants 17,280
IfOnly. ..Action Grants 14,000
Mission Initiatite Grants 14,000
Grants payable from Area Funds 66,143 55,956
Total 148,694 26,920 96,192 26,668
NET INCOMING/(OUTGOING) RESOURCES
Net resources are stated after crediting/(Charging:
2021 2020
6 8
Depreciation - owned assets (80,744) (81,661)
Auditors remuneration (17,200) (12,182)
Total (97,944) (93,843)

STAFF COSTS
2021 2020
8
Wages and salaries 379,926 374,736
Social security costs 29,020 28,366
Pension costs 37,643 37,090
446,589 440,194
2021 2020
Total Direct Support Total Direct Support
General Purposes 98,299 98,299 98,158 98,158
CIPT 74,093 51,357 22,736 73,224 50,845 22,379
Trading 56,348 56,348 55,371 55,371
Homes for Retired Ministers 13,032 13,032 12,827 12,827
Church Support Workers 29,980 29,980 28,083 28,083
Church Support Dept 38,484 38,484 37,882 37,882
Church Financial Sentces 55,591 55,591 54,704 54,704
Website/Social Media 11,294 11,294 11,166 11,166
CFArea Schemes 4,031 4,031 3,958 3,958
Ministem'
Pension		 4,031 4,031 3,957 3,957
Safeguarding 23,012 23,012 22,556 22,556
CIPT - Tutor Fee's 751 751 1,218 1,218
Total 408,946 241,385 167,581 403,104 238,770 166,334

Freehold Leasehold Plant & Fixtures & Motor
properly property machinery fittings Vehicles Total
8 8 8 8 8 8
Cost
Balance b/f 1,634,507 100,000 53,048 678,341 12,526 2,478,422
Additions 7,290 7,290
Dispossls (100,000) (28,347) (128,347)
Revaluations
Balance c/f 1,634,507 53,048 657,284 12,526 2,357,365
Depreciation
Balance b/f 20,549 484,041 7,568 512,158
Charge for the year 10,646 66,966 3,132 80,744
Disposals (23,644) (23,644)
Balance c/f 31,195 527,363 10,700 569,258
Net Book Value
Brought forward 1,634,507 100,000 32,499 194,300 4,958 1,966,264
Carried forward 1,634,607 21,853 129,921 1,826 1,788,107

2021 2020
MARKET VALUE 8 8
At 1 January 3,322,146 3,322,146
Additions 6,416
Re-Valuation 262,000
At 31 December 3,590,562 3,322,146

NON CURRENT ASSET INVESTMENTS 2021 Listed 2020 Listed
Invesbnents Inve sane nts
5
Market Value
At 1 January 9,758,229 10,258,575
Net Additions/(Disposals)
Unrealised
gain/(loss)
on investments		 1,012,130 (500,346)
At 31December 2021 10,770,359 9,758,229

2021 2020
6 5
Amount falling due within one year:
Trade Debtors 4,109 11,791
Prepayments and accrued income 38,111 35,693
Other Debtors 780 30,771
Tots I 43,000 78,255
CREDITORS
2021 2020
5 5
Amount falling due within one year:
Trade Creditors 10,742 10,086
Taxation &Social Security 8,346 8,073
Other Creditors 8,824 13,797
Accruals 64,083 81,592
Total 91,995 113,548
CREDITORS
2021 2020
5 5
Amount falling due after more than one year:
Accruals 15,000 34,250
Due to The Congregational Federation Ltd 1,255,342 1,255,342
Total 1,270,342 1,289,592

At 01.01.21 Income Expenditure Investment Revaluation Transfers At 31.12.21
Gains Surplus
Unrestricted
Funds		 6 8 8 8 8 8 8
General Purposes 1,396,421 307,940 (288,586) 94,274 262,000 (329,056) 1,442,993
dd
d
Property 1,615,978 168,417 1,784,395
Trading 1,051,544 92,863 (183,440) 960,967
Ministers'
Pension		 287,593 84,959 (88,042) 30,356 314,866
Church Support Grants 88,596 56,735 (34,333) 878 111,876
Church Support - Dept 21,345 (121,468) 102,000 1,877
Church Support - Safeguarding 21,300 (36,856) 15,556
Church
Financial Senices		 868,334 53,512 (74,986) 90,192 937,052
Protected
Programme		 4,722,799 372,789 473,425 40,595 5,609,608
CFArea Funds gg 1,806 (4,393) 2,488
10,031,364 1,013,249 (832,104) 689,125 262,000 11,163,534
Restricted
Funds
Homes
for Retired		 Ministers 767,584 17,381 (23,493) 8,174 769,646
Education 37,140 1,050 3,888 42,078
Sidney Berry 155,518 4,448 (24,805) 16,473 151,634
Church Support - CIPT 1,283,964 83,320 (138,293) 111,927 1,340,918
Special Appeals 795 4,387 (4,171) 1,011
CWM MSP3 24,789 4 (24,793)
CWM MSP4 26,260 (610) 24,793 50,443
CSC - ifonly...Mission Initiatine 16,382 (14,682) 1,700
CSC - CWM Gift ofGrace 9,810 27,713 (17,280) 20,243
CSC - CWM Covid Mission Initiatine 14,000 (14,000)
CFArea Funds 1,099,393 54,588 (66,143) 105,323 1,193,161
3,435,635 192,891 (303,477) 245,785 3,570,834
Permanent
Endowments
General Purposes Property 91,654 91,654
Homes
for Retired		 Ministem 173,451 173,451
CFArea Funds 867,625 77,220 944,845
1,132,730 77,220 1,209,950
Total Funds 14,599,729 1,206,140 (1,135,581) 1,012,130 262,000 15,944,418

Permanent
Endowments
f		 Expendable
E		 Accum Income
f		 Total ie 31.12.21
8
CF in Wales 25,480 39,213 3,146 67,839
East Midlands 40,634 19,458 3,158 63,250
Eastern 41,020 3,371 44,391
- Church Ext 66,321 4,746 71,067
North East 109,271 16,742 12,718 138,731
North West 80,121 681,165 16,831 778,117
-Church Ext 12,340 90,576 1,961 104,877
North West Midlands 47,027 6,745 15,255 69,027
South East 260,605 110,183 21,411 392,199
- Church Ext 31,912 9,550 41,462
South West 230,114 63,784 350 294,248
South West Midlands 72,212 586 72,798
Total 944,845 1,100,078 93,083 2,138,006

GP 160,639
CF Area (2,488)
Safeguarding /Accreditation Group (15,556)
Church Support Dept (102,000)
40,595
General General Purpose Property
Fund
To GP —Sale of Heaton Park, Manchester (100,000)
From GP —Property
Re-valuation		 262,000
From GP —Llanharan —costs from Leasehold to freehold 6,417
168,417

At 01.01.20 Income Expenditure Invesbnent Revaluation Transfers At 31.12.20
Losses Surplus
Unrestricted
Funds		 8 8 8 5 8 8 8
General Purposes 1,455,182 265,600 (278,090) (46,273) 2 1,396,421
~DS
d		 d
Property 1,615,978 1,615,978
Tmding 1,121,739 78,557 (148,752) 1,051,544
Ministers'
Pension		 302,291 89,229 (97,220) (14,698) 7,991 287,593
Church Support Grants 100,921 18,150 (30,054) (421) 88,596
Church Support - Dept 21,333 (121,583) 100,250
Church Support - Safeguarding 21,233 (33,806) 12,573
Church
Financial Sentces		 912,003 54,869 (74,977) (43,669) 20,108 868,334
Closed Church Fund 0 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
Restricted Funds
Homes for Retired Ministers 778,718 16,295 (23,114) (4,315) 767,584
Education 37,825 892 (1,577) 37,140
Sidney Beny 185,384 5,089 (25,958) (8,997) 155,518
Church Support - CIPT 1,401,425 82,204 (142,663) (57,002) 1,283,964
Special Appeals 8,801 3,994 (12,000) 795
CWM MSP3 24,735 24,789
CWM MSP4 26,334 (74) 26,260
CSC - ifonly ...Mission Initiatire 16,382 16,382
CSC - CWM Gilt ofGrace 14,250 (4,440) 9,810
CSC - CWM Covid Mission Initiati 14,000 14,000
CFArea Funds 1,151,016 55,427 (55,956) (51,094) 1,099,393
3,587,904 234,921 (264,205) (122,985) 3,435,635

General Purposes Property 91,654 91,654
Homes for Retired Ministers 173,451 173,451
CFArea Funds 914,666 (47,041) 867,625
1,179,771 (47,041) 1,132,730
Total Funds 15,233,259 919,821 (1,053,005) (500,346) 14,599,729

Permanent
Endowments		 Expendable Accum Income TotalI31.12.20
6
CF in Wales 23,397 35,473 6,471 65,341
East Midlands 37,313 17,602 1,597 56,512
Eastern 37,667 2,301 39,968
- Church Ext 60,901 3,016 63,917
North East 100,340 15,145 10,545 126,030
North West 73,573 616,192 26,118 715,883
- Church Ext 11,332 81,937 6,307 99,576
North West Midlands 43,183 6,102 16,350 65,635
South East 239,307 99,673 11,777 350,757
-Church Ext 29,304 8,717 38,021
South West 211,308 57,700 12,932 281,940
South West Midlands 70,931 (7,394) 63,537
Total 867,625 1,000,755 98,737 1,967,117

Unrestricted Restricted Permanent
Funds Funds Endowments Total
6 5
Fund balances at 31stDecember 2021 are
represented by:
Fixed Assets 1,066,350 456,652 265,105 1,788,107
Inmstment Property 3,361,062 229,500 3,590,562
Inumtments 7,339,854 2,485,660 944,845 10,770,359
Net Current Assets 666,710 399,022 1,065,732
Creditom
more than one year		 (1,270,342) (1,270,342)
Total 11,163,634 3,570,834 1,209,950 15,944,418
Unrestricted Restricted Permanent
Funds Funds Endowments Total
f f f 5
Fund balances at 31stDecember 2020are
represented by:
Fixed Assets 1,243,624 457,535 265,105 1,966,264
Inurstment Property 3,092,646 229,500 3,322,146
Inmstrnents 6,557,730 2,332,874 867,625 9,758,229
Net Current Assets 426,956 415,726 842,682
Creditors
mom than one year		 (1,289,592) (1,289,592)
Total 10,031,364 3,435,635 1,132,730 14,599,729

2021 2020
6 6
Funds to Congregational
Federation		 Limited
Payment
ofAudit I Independent		 Examination Fee 7,500 2,400
Funds from
Congregational		 Federation Limited
Costs relating to closed churches 173 331
Loan relating to a closed church 30,000
Affiliation Fees 180 176
Closed church sale distribution 414,153 148,000

2021 2020
Net movement
in funds		 for the year 1,344,689 (633,530)
Depreciation 80,744 81,661
(Profit)/loss
on disposal		 oftangible fixed assets (60,639)
(Gains)/losses
on		 investments 1,012,130 500,346
Investment
property		 revaluation (262,000)
(Increase)/decrease in debtors 35,255 (14,165)
Increase/(decrease) in creditors (40,803) (59,312)
Net cashflow from operating
activities		 85,116 (125,000)