Congregatlonal Fadoration Registered Charity Number: 264839 CONGREGATIONAL FEDERATION REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024
CONGREGATIONAL FEDERATION CONTENTS Page Report of the Trustees 1-16 Report of the Independent Audrtor 17-19 Statement of Financial Activities 20 Comparison Statement of Financial Adivities 21 Balance Sheet 22 Statement of Cashflows 23 Notes to the Financial Slalemenl$ 24-39
CONGREGATIONAL FEDERATION YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES The Trustees of the Charty present their report with the financial slalemenls ofthe Charity forthe year ended 31 December 2024. The financial slalemenls have been prepad in accordance with the aceounting policies set out in note 1 to the financial slalemenls lo compty wrth the Charity's trust deed, the Charities kl 2011 and Accounting and Reporting by Charitie5, Slalement of Recommended Practi¢e applicable to the Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland. REFERENCE ANO ADMINISTRATIVE DETAILS. Registered Charity number 264839 Principal offlce 8 Castle Gale Nottingham NG17AS Trustees MrJALyon Revd O C Kinchin Revd C J Stott Mrs E Sweeney-smith Revd R Green Mrs S M Auslin Revd R D MacRao Miss M M C McGuinness Revd G Simonis Revd C L Gillham Dr B W Mason Mr E P Fenwick Mr M Taylor Revd R Leeming Revd F Y Kamara Mrs H Biggin Mr T J Bateman Revd C J Bamforth Damp Revd S J Turner Revd J Holloway Chairperson Past President President Elect President Chair of CSC Chair of FSSC CF in Scotland CF in Scotland CF in Scotland CF in WaS CF in WaS Eastern East Midlands North East North Wgst North Wesl Midlands North Wesl Midlands South East South Wesl South Wesl MKllands Resigned 31s1 DeMber 2024 Resigned 28th August 2024 Appointed 28th August 2024 Appointed 16th August 2024 CF Congregatlonal Federatlon FSSC- Flnance and Support Servlces CommSttee CSC - Church Support Cofflmittee
CONGREGATIONAL FEDERATION YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES REFERENCE AND ADMINISTRATIVE DETAILS- continued Auditors UHY Hacker Young 14 Park Row Nottingham NG16GR Bankers National Westminster Bank PIC Smiths Branch 16 South Parade Nottingham NG1 2JX Solicitors Nelsons Solicitors Pennine House 8 Stanford Street Nottingham NG1 7BQ
CONGREGATIONAL FEDERATION YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES STRUCTURE. GOVERNANCE AND MANAGEMENT The Congregational Federation is a voluntary association of Congregational or Independent Churches (plus Pefsonal Members) that was established by 8 Constitutional Document fThe Conslilulion.). The affairs of the Congregational Federation are the responsibilty of ils Council- who act as Trustees. THE CONSTITUTION Foundation Principle.. In solemn renewal of the doclaralion made in the CongregalK)nal Library, London, on 13 May 1831 and affirmed by the Conference in Lyndhutsl Road Congregational Church, London, on 13 May 1972 and by the Assembly in Westminster Chapel on 14 October 1972, the Federation of continuing CongTegational Churches is founded on a full reeognilh)n of their own dislinclive principle, namely. the scriptural right of every separate Church lo maintain perfect independence in the government and administration of ils own partular affairs". and therefore that the Federation shall not in any case assume legislative authorty. or become a court of appeal. ARTICLE 1. NAME The name of this voluntary associal¢on is the Congregational Federation. ARTICLE 2. MEMBERSHIP Membership of the Federation comprises Congregational or Independent churches, each having a separate roll of members, and paying an affiliation fee lo the Federation, the amount of such affiliation fee being that recommended by the Assembly. Personal Membership will be available for individuals who wish lo maintain the Congregational tradition. The Personal Membership fee is that recommended by the Assembly. ARTICLE 3. OBJECT The object of the Federation is the advancem6nl of the Christian faith and in furtherance the01 bul not otherwise.. {al To spread the knoedge of Christ throughout the land., {bl To encourage congregations of believers in local places lo m81ntain Corporate worship in free assembly alike in consecrated buildings and in the homes of the people, Ic} To spread the knowledge of Christ beyond the seas through the agency of such bojies as the Council for Worfd Mission., Idl To further the spirf( of unity in Christ with all other believers in Him., lel To mediate the call of God lo Chflstian service at home and abroad bthelher by way of the ordained ministry or olheTWiSe', ifj To do all other such Ihin9s as are nKessary lo the attainment of this object. ARTICLE 4. RELATIONSHIPS The Foundation Principk of the Federation preclude5 il from making any decision binding on any Church.. il can do no more than offer recommendations. 11 does not claim to speak on behaw of Churches unless it is authorised by them lo do so for a particular purpose on a particular Casion. Any obligation accepted by a Church to another Christs'an body is not held by the Federation as a barrier lo fellowship within th$ Federation. ARTICLE 5. THE ASSEM8LY The Assembly is held at least once in each year on a date and at a lime and place fixed by a PreVu$ Assembty. At least 56 days notice of an Assembly is given to each member Church and Personal membef.
CONGREGATIONAL FEDERATION YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES ARTICLE 6. OFFICERS AND COUNCIL 18) The Assembly appoints such Officers as rt thinks fft. The Council comprises the Officers, Chairs of Committees, three represenlalives from the Congregational Federation in Scotland. represenlalives from the Congregational Federation in Wales and one representative from each Area Association in England, the President Emeri(us, Chair of Council, General Secretary, represenlalives of the Youth Association, a representative from CongregalKJnal Federation Ltd. and a represenlalive for the Personal members. Ibl A quorum al 8 Council Meeting is 50% olthe members of the Council as defined al Article 6lal. ARTICLE 7. FINANCE Officers and members of Council, Committees and Boards are enlilled to reimbursement of 811 necessary out-of-pockel expenses., of these only the General Secretary and such others as may be recommended by Council and approved by Assembly may receive a Salary. With its Annual Report, the Council submits lo the Assembly a slalemenl of accounts, duly audited, together with a Budget of income and expendrture. When adopting the Budget, the Assembly recc¥nmentJs the minimum amount ol the affiliation fees for Churches and indwiduals. ARTICLE 8. ALTERATION OF CONSTtTUTION Thi$ Conslilulion may be aered when the following condrtions are IU111ed.. {al The wording of the proposed alteration musl be circulated to all member chijrches and personal membèrs al least 56 days before the Assembly. {bl The resolution embotying the proposed alterations musl then be discussed and, rf appropriate, amended by the Assembly. In the event of a marked division of opinion at the Assembly. the matter will be referred back 8ithor to the Council or lo the churches, otherwise the agreed wording will be sent to each member church and to each personal member. (cl Al least 50% of the member churches must vote on the proposed alleralion leach member church has one vote). The period allowed for voting shall be six months. Idl At least 90% of the votes east must be in favour of the proposed af(eralion. lel The consent of the Charity C¢ynmission musl be obtained if the proposed aeratiOn concerns the Name or Object of the Federation. Council and Public Bonefit The affairs of The Congregational Federation are the responsibilty of the Council of The Congregational Federation who act as Trustees. who meet throughout the year. Details of the names of the Trustees al the dalo of this report are set out on page 1. The Council is mindful of the Charty Commission's guidance on Public Benefrt including the guidance on the advancement of religK)n. It believes that the services and support f( offers are aimed al enabling ils member churches to serve the widest possib seth)rs of their communrties. Beyond that il also enables ils members to support and serve communities across the worfd through its membership of the Council for World Mission and partnerships including Christian Aid.
CONGREGATIONAL FEDERATION YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES Recrultment and appolntment of new Trustees The composition of the Trustee btxly is shown in article 68 of the constitution above. The Council is the Charty's Trustee body and currently comprises.. the Officers as appointed by the annual Assemb following a ballot of all churche5 and personal members of which are the President. President Elect and Immediate Past President,. Chairs of Committees who are nominated by their respective Committee and ratrfied by Assembty,. a represenlalivelsl from each Area Association appointed by the Area Association as well as CF Wales and CF Scotland. The Chair of Council is appointed by Council. In each case recruitment is made through the appropriate representative body of either Area, Churches. Committee, or organisation. Induction and training of new Trustoes New Trustees should receive an induction pack'The Council Members Handbook, which includes reference to poliey documents in relation to the Charity and also various Charty Commission leaflets explaining the overall importance and nature of their role. This manual is being updated and will be relaunched next year. In addition, Trustees receive copies of the Charity Commission news on a regular basis to apprise them of current developments within the Charty Sector. The Federation a150 from lime to lime Invites ils legal advisors to meetings to address particular tOPiCS 8$ a form of training event, particularly al timgs of reviewing major matters. If a Iruslee is unable lo attend a meeting the General Secretary contacts them to clarify any matters of Concern. All Trustees are requested to be part of trustee safeguarding training delivered by thity one eight in 2024 this took place in the Autumn. Arrangomgnts for sotting stsff remunerntlon Remuneration is consKlered and approved by the Trustees annually. at their Novemb¢r meeting, in line with the staff pay pdicy in place. Organisational Structure Council The Members of Council are the Trustees of the Congregational Federation. and ils membership is defined by the Constitution. The Commrttees are made up of representatives of vaTiOUS aspects of the life of the Federation and Council feceive5 and ratifies the work and dlSIonS of its Committees. Council'5 ro is to oversee the overall management of the Congrggational Federation and to review and determine the strategi direction of the Federation. It does this through receiving reports from Committees, its ongoing training for Trustees. and in addition initiating consuttations wrth Churches. 11 a9rees the annual Accounts and reports annually lo Assembly. The two Commrttees which report to Council are.. Finance and Support Servi¢e$ Commbttee- IFSSCI Church Support Committee- ICSCI The Committees. work is supported by Boards and Groups. The Investment Trust and Trading Board IITTBI reports lo FSSC The Accredrtation and Pastoral Care Coordinators Group IAPCCGI reports lo CSC The Inter Church Board IICBI reports lo CSC The CIPT Management Board ICIPTMBI reports lo CSC. The Trustees are responsible for preparing the Trustees, annual report and the financial statements in accoidance with applicable law and Uni(ed Kingdom Accounting Standards Iuniled Kingdom Generally AccepledAecounting Pracliee).
CONGREGATIONAL FEDERATION YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES Related partles The propety and investment assets of the trust funds are hekl in the name of The Congiegalional Federation Limi(ed, which acts as Custodian Trustee. Under Charity Cornmission schemes there are several trust funds pertaining lo the ft)mier County UnKJns. The resouices of these are reslricled lo special area5 laid down in the various schemes. Connected Charltles The Congregational Fgderalion acts as an umbrella organisatn for Congregational and Independent churches. These are all considered to be Charities connected to The Congregational Federation. The Congregational Federation Limited has shared management wf(h the Congregational Federation and as such these are con$Klered connected Charilyas. Risk management The Council continues to assess the risks lo which the Charity is exposed, in particijlar in relalion lo the volatility of the stock market and is satisfied that policies are in force to safeguard the funds. Ils Investment Manageis, RBC Brewin Dolphin. play a key role in this and report lo the Federation on a quarterly basis. The Trustees have a duty to idenlfy and review the risks lo which the Charity is exposed and lo ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Intornal and oxtornal factors Through f¢s governance slruclure. The Congregational Federation is constantly feviewing the services it ¢)ffers lo ils members. 11 exists lo support the member churches who increasingly have to operate within testing times of the church being relevant in their own communities. Numbers of rnembers have been declining and the a9e profile in¢reasiThJ. However, there are signs of new life and *resh expressions of church being relevant to current SoCty which the Federation seeks lo support and resource. As a resutt ofthe Covid pandemic, many member churches established an online presence, and some have continued lo provide vari04Js forms of online worship as an extension lo their ministry. Provision continues lo be made for staff to work from home where appropriate. Over recent years, a sm811 number of churches have joined the congregational federation, and during 2024 we did some analysis of what attracts churches to join us, and started an initiative lo attract new member hurches. This initiative has been delayed by signrficant stsff changes in the latter part of 2024 bul rt is intended to resume focus on this during 2025. A small working group was appointed by the Iruslees who have been working with a consultant who has I workshops and crealod an action plan for us to follow through.
CONGREGATIONAL FEDERATION YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES OBJECTIVES AND ACTIVITIES Obj'ectives and Aims The Congregational Federation is a Federation of Independent or Congregational churches. It eame into being in 1972 following the vole on the formation of the United Reformed Church. The Congregational Federation was formed from ehurches that decided lo Continue lo follow the Congregational Way. The Federation provide5 5UPPOrt and guidance lo Congregational Churches both financially and otherwise. This is achieved by making grants and loans lo individuals and churches, and by providing the following services to a very wide range of persons.. support ft)r churches ministerial and lay training Accreditation of seven categories of ministry assisting with pastoral Settments safeguarding ministry wf(h children and youth work initiatives to support pioneering pension running payrolls on behalf of churches mission initiatives including ils partneiship with Council for World Mission ecurnenical relationships advice on church administration and finance The wide range of services and support is aimed at enabling tho witjesl possible sections of our communities lo engage with events, opportunities, experiences and services or help for a morefulfilled life. It is evident that some of the work churches undertake deals with persons al the margins of society, the very young and the elderly. Membership of the Congiegational Federation is open to any Congregational or Independent church who de$ires the support ofthis widef body lo beller enable them lo serve their community. Volunteers The Congregational Federation recognises the value of voluntary wod(, especk911y on committees and boards, Without which il would be unable lo function al the level (( currently does. All volunteers are given copies of the code of conduct which is part of the CF Safeguarding policy. Constltutlonal Changes During 2024 the trustees commenced a process to update the constilulion, in order lo bring the constitution in line with current charity legislation in circumstances Following the prescribed proces5, a draughl of the revised constf(ulion was circulated for comment. which have been reviewed by the Iruslees. An updated proposed new constitution will be circulated lo members early in 2025 for a vole on formal adoption later in the year,
CONGREGATIONAL FEDERATION YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES FINANCE REVIEW Income is received from inveslmenls, trading aclNi(ies, affiliation lees, grants from other trusts and other sources as indicated in the Statement of Financial Activi(ie5. Income is allocated lo support the actwities of the Federation. Some investments are reslrieled for use by Areas Ilhe geographical grouping of member churches) in supporting their individual churches. Investment funds which are not qUired for day lo day working capital PLFrposes are invested in the Common Investment Pool. This is overseen by the ITTB, which receNes independent financial advice from RBC Brewin Dolphin. a financial and investment management company aulhorised and regulated by the Financial Conduct Authority. Council continues to nnrt0r investments carefully. Investments are held in accordance with the Trustees. powers. The investments incurred unrealised gains of £444,64512023.' gains of £404,0931. The total market value of investments is £10,642,74612023.. £10,698,103). Halfa million pounds was wlhdrawn from the pools in the year. The ITTB also scrutinises the trading activf(ies undertaken al the Congregational Centre in Nottingham.. these include a conference and meeting venue, for internal use and external hire. and the provision of warden- monitored accommodation for university students. The Congregational Federation's operations incurred an operating defi¢il in the year of1£572,7671, offset by Closed Church receipts of £24,863, along with unrealised investment gains of £444,645, resuhing in an overall reported kJss lor the year of £1Q3,259 as shown below. The Truslges manage the deficit to a level whKh can, in their view. be covered by a sustainable proportion of long-term investment growth. 2024 2023 Operating Deficit Cbsed Church Receipts Unrealised Investment GainsllLossesl Realised GainsllLossesl on Sale of Fixed Assets 1572,7671 24,863 444,645 {482,7841 367,1 404,093 111,3991 SurplusllDefic(tl for the year {103,2591 277,871
CONGREGATIONAL FEDERATION YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES Strategy and Aims Amhough holding signfficant investment assets, the Congregatronal Federation continues to remain reliant upon receiving capital receipts each year in order to absorb thè operating defic(ts. Budget def11$ are continually monitored lo keep them within realistic ranges. Except where funds are required to balance the budget5, the key pnnciple is that any capital receipts or windfalls are invested lo generate interest which can uY(imately be used to fund new inrtkatives. In the long lerni. this strategy should enable eradication of regulai budget deftrts and redu reliance on exceptional income. such as Ihat from the sale of closed churches. Policigs Reserves Policy Free Reserves provide the wcxking capital requirements of the FederalNJn, whilst providing a buffer of liquid funds in case of any short-term decline in income, unexpeded increases in costs or risk exposure. They are intended to ensure that conlraclu81 oblualions lo staff, premises and programme commitments can be mel along with any grant commitments lo churches and Area Associations. The Federation calculates its Free Reserves as those held in the General Purpose Fund less speufic fund iniliatThies less the nel book value of Non-currenl Assets held in the General Purpose Fund. The Trustees seek lo maintain a level of Free Reserves of ben 8 to 12 months of total annual expendrture. This currently equates to between £9%,000 and £1,434.000 based upon 2024 actual expendrture. Total expenditure increased 51ighlly in 2024. At 31st December 2024, the Frge Reserves held, represent 11.5 monlhs12023.. 12.6 months} of expendf(ure and are therefore at the top of the band. 2024 2023 General Purposes Fund Less Tangible Non-current Assets 1,397.183 122,2161 1,397.183 125,1451 Free Reserves 1,374.967 1,372.038 Months 11.5 12.6
CONGREGATIONAL FEDERATION YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES Investment Policy The Investment policy is lo maintsin a balance between income and capital growth, (subject lo a tTr)derale degree of risk). wrth up lo 5Qh high risk. There should be no exposure lo tobacco, alcohol. amiamenls, gambling. pornography, or high-inleresl lending. Wrthin these parameters it is further recognised that the emphasis for the Expendable Pool will be on income and for the Pemianent Pool on capital grovrth. The IrrB continue lo actively monitor investment strategy and performance particularly with regard lo ethical negative screening and is satisfied that the investment perfornance has met the investment objectives during the year The Congregational Federation has continued membership of the Church Investors Group to monrtor its own policy on ethical investments and lo be aware of develcyments in the Ethical. Social and Governance arena. Grant making Policigs The Federation makes grants from ts resources to various areas including Retired Ministsrs, Welfare, Education of children of Ministers, Training, Children and Youth initiatives, local church ministry support and mission projects, and the wider Church family through local ecumenral projects and via ils membership of the Council for World Mission. For each instance, a sel criteria and application process is followed and reviewed by the appropriate Board and Committee. The appli¢alion process includes, where appropriate, the consideration of the means available to the applicant, the viability, and the suitability ol any project for which monies are sought. An evaluation process is also part of any grants which are awarded when further monies are sought for subsequent years. We believe such grants are essential in enabling financial resources to be expended locally so as lo best meet the needs of the communities in whh the churches are set. Such is our comm(£ment that no grant will be awarded unless church or prqect satisfies the best possible practice in terms of our Safeguarding policy in order lo protect children, young people, and vulnerable adutts. Fund Ralslng No fundraising is carried out by Congregational FederalK)n. 10-
CONGREGATIONAL FEDERATION YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES PLANS FOR FUTURE PERIODS The Trustees continue lo review the provision of support for Churches, Children and Youth Work, Learning and Development plus grants for new ini(ialNes, mindftjl that income derived from exceptional tranches of income is mainly from closed chuhe$. The Trustees agreed that operations should remain at current budgeted levels for 2025 aware of the finance strategy in place till 2026, wth continued monrtoring of key perfomiance indic*ors. ACHIEVEMENT AND PERFORMANCE Working from )me lo encourage better work-lrfe balance and the expansion of the use of Zty)m for online or hybrid meeting continues. The latter has enabled participation in meetings and discussion by those al a distance, or for whom travel is drfficuf(, wf(h the additional benefrt of reducing meeling-associated expenses although more and more face lo face meetings are being encouraged and organised. The reSOurS that the Congregational Fedoration provides lo ils membership are regulated through Church Support Commrttee. Finance and Support Services Committee. Council and Assembly. A highlight of the year is avaYS the May Assembly when we gathered on another sunny day this year in the University of Essex in Colchesler. Over 150 people were in attendance and the day was hosted by the Easlem Area wth fringe events being hekl in Wivenhoe Congregational Church. We also had a Children's Assembly and Sunday afternoon Messy church. The year was marked by signifrant stsff changes in the latter part of the year, wf(h senior employees retiring or leaving after many years of service, resuf(ing in some reorganisalion, and a plan lo recruf( a new Assistant Financial Controller Icomplelel and a new Trust and Property Manager Islarting 13th of January 20251. These changes required signrficant attention from both trustees and staff and have impacted the prcyJress of other initiatives. The General Secretary was given more responsibilrtie5 for staffing and overall management and a member of staff from the Finance team to the Church Support Department. Al the November 2023 Council meeting. r( was agreed that the work we do, and the structUS fit the strategic review and for 2024 the focus will be on growth and encouraging new churches to join. An inilialNe lo attract new churches was age al our April council meeting. a new workshop to plan the inf(181ive look place. Due lo the staff changes mentioned above further development of th& initiative was pul on hold bul development of this will be resumed in January 2025. During 2024 A small group from CF visited Grenada lo support a CF Accredited Minister in his work as a Partner In Mission {PIMI with CWM A 16-year-old member of a CF church represented CF at the URC Youth Assembty, and was subsequently appointed as Youth Ambassador for the CF A new editor was appointed for OUT quarterly magazine Refresh We partnered with Christian Aid lo raise money for Malawi bul also hosted regular prayer meetings for the project CF Church Support worker led a retreat for youth and children's workers CF Church Support worker organised and look a group of aduts on a mission trip to Brazil working with other congregation81 churches A new S-week course'Being Congregational. was launched A new Minister accredilalion wocess based on effective long surface was launched and inf(ial applications were received in November 2024 A CF church in the SW Midland5 area lealured on BBC Songs of Praise 11
CONGREGATIONAL FEDERATION YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES CHURCH SUPPORT COMMIThEE Support for churches The President, General Secretary and Church Support Worker regularty visrt churches, listen and share ideas and resources. The Ch(Jr¢h Support Worker also provides encouragement to churehes and those wi(h wider roles of mission enabling. This role is focused on encouraging local churches, supporting children and youth work, supporting them with applicaltons for mission grants and producing monthly newsletters. 2025 we welcc*ne another Church Support worker who will focus on publicalk)ns and resources and also support with property matters. The ftKus fr)r 2024 was on embracing the smaller church the uS for 2025 is how lo encourage churches lo increase their membership. Tralnlng The Congregational Inslf(ule for Practical Theology runs a suite of courses for the development of personal discipleship. church devglopm¢nl and training for the recognised ministries of the Federation, including." The GIFT Programme (Growng in Farth Together) lunaccrediled, Level 31 and the Foundation Degree in Practical Theology (Levels 4-51, aCCrted by York Sl John University. For the academic year 2024125 there a 21 students enrolled. The Foundation Degree course have tuition fees waived lo members of the Congregational Federation Isludenls pay their hosptslity fees for the course residenlials they attend and admin fees for handbooks, marking elcl and students who are not members of the Congregational Federation chLJrches may also enrol paying the tuition, hosprtality and admin fees. The GIFT course will be relaunched 2025 and is designed to 8UPPOrt those who wish to develop their service in their local church and gel a grounding in theol(MJy. This course is seW4Juided and run in bcal contexts across the CF. Students across our courses come from all walks of lrfe, wrth a broad range of prior education, ar the wide51 of age ranges. Special provisions are made on all our courses for students with learning differences or physical difficulties. Various one day training events are run throughout the year on topical eoncems and trends, and we also offer other short courses, such as Being Congregational whh can be run wf(hin churches. We currently have one Student on the wurse at The Pioneering Hub for 2024r25. Saf8guarding and Pastoral Care The APCCG has responsibility to oversee the administration of the Roll of Ministries including consideration ol applications for inclusion on the Roll and where necessary, to deal wf(h requests lo remove a name from the Roll. The group oversees the Pastoral Period for those received onlo the Roll of Ministries. Working through its Pastoral Care Coordinators, rt also ensures that support is offered to sludenls on the Training Course ICIPT) and others exploring their vocation. lo those who are on the Roll, and lo retired Ministers, their spou$8s. widows, and widowers. The meeting initiated a new pathway for accreditation for effective long service and reIved applications in November 2024. The group also organised a gathering al the Notional Arboretum as a lime of fellowship, sharing and to remember those from our churches who had died over the year. Working with the Safeguarding Officer is a group of checkers who visit churches lo look al the church premises offering advice and guidance about Safeguarding plus heaKh and safety issues. The Congregational Federation will then provKle a 'Safeguarding' Certificate lo confirm a level of good pract is in place. 12
CONGREGATIONAL FEDERATION YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES Saleguarding is a priority for the CF and all churches affiliated to the Congregational Federation now have Safeguarding Certrficate or are working towards one. The Congregational Federation offers free Safeguarding Iiaining run by 31..8 which coverAduks and Children and in 2024 also ran Safeguarding training related lo Pastoral Care. Mission Grants Three types of grants are available.. Impact Grant.. Maximum was Inea$ed lo £18.ocK) over a 3-year period Starter Grants." £500 lup lo £700 for spe¢ialisl equipmentl Children and Youth Grants.. £150 The starter grant and children and youth grant figLFres where increased in the Spring through a recommendation at committee level. Grants have been gwen lo support church missKJn projects that reach out lo the communty, ehildTen and youths materials. equipment for social media and internet, supporting ministry in a variety of rural, urban, and inner-city settings. This year there have been five new, large. Impact Grant applications, plus many Starter and Mini Grants. Supportfor Ministries The locus for 2024 has been on embracing the small church lo provide encouragement and inspiration. Topics included Celebrating the small church Church officers Safeguarding Finishing well Children's work Mission 11 was hoped these would all be face to face but many ended up on z¢x)m and some did not run. Within 2025 a booklet will be produced lo include all the inf0mtIOn that wa$ pLanned. In 2025 a monlhty Ministries zoom lime is being introduced to provide a safe space and lime fellowship arKI prayer. The Friday afternoon before Assembly was also a lime for all in Minislrifjs when we had a workshop on chess and art as tools for enhancement of the Gospel. Communlcatlon A magazine is produced called Rgfresh, 3 limes a year, which is independently edited. An°in house. monthly newsletter called Intouch for all Congregational Federation and Church's news and resources and Infomi which has a children and youth focus is also produced. Soclal Media and Website The Congregational Federation Facebook and X aOunt$ are updated regularly. wwi.con contsins all the information about the Congregational Federation and is updated weekly. www.Iheresourcehub.co.uk - is a one stop page for resources for churches. outube.coml con re ationalfederation this contains links lo the National Assembly and other events. 13-
CONGREGATIONAL FEDERATION YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES In 2025 a CorKJregalional Federation application is being developed. Life Ljghl and Asecludedplace. Advent and Lent daily reflections where also prtsjuced. Ecumenical relatlonshlps I Inter Church Board The Inler-church Board moet$ in-person at the CF Annual Assembly and also on Z¢X)m, as required. The ConggatiOnal Federation is represented on several e¢umonal bodies including.. Churches Together in England Churches Together in Britain and Ireland CYTUN {Churches Together in Wales} The Scottish Church Leaders Forum The Free Churches Group The United Board (Armed Forces Chaplaincy) Northem College Manehester Governors IURCICF} Council for World Mission International Congregational Fellowship Christian Axl We were keen lo prc¥note the work and witness of the ICB within the CF and so have contributed 8rticles for Refresh on an ICF event in New England, as well as ecumenism in both England and Scotland and Wales. The board welcomes members involved in and commrtted to ecumenism 81 l¢xal, regional and national level. We have sought lo encourage participation by our member churches at local level in their Churche8 Togolher Groups and so ensure that representatn at the national level is matched on the ground. The Congregational Federation continues to support Revd Nigel Lindsay who is serving as a Partner in Mission in Grenada, and we are delighted that 3 members from our churches went out to support the mission work he dS in JanuarylFebruary 2024. NvJel left Grena(la in September 2024 and is actively seeking a new placoment. Congregation81 Federation continue lo support Christran Aid. This is done through prayer events, and partnership on a project in Malaw which was agreed this year. Churches raised over £1000 in 2024. Childrèn and Youth In 2024 we hosted a Retreat residential for Children and Youth leaders. There was a $mall group, and il was a time of refreshment and renewal. A ca for the Family course called 'Getting your children through Church" ran from January - March 2024 and wa5 well attended. A successful children's Assembty was held as part of the National As5embty in May 2024. We appointed a Youth Ambassador who visited lols of Area Association meetings encouraging churches lo think about how to be more welcoming to young people. The Youth Ambassador also represented the Congregational Federation al the URC Youth conference in January 2024. Plans for 2025 include," A youth A$sblY and a Children Assembly in May during the National Assembly. There will be kn teams of volunteers, from a Congregational Church in Brazil and local Congregational Federation churches, developing &tivrties for the youth and children. 14-
CONGREGATIONAL FEDERATION YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES Youth sessions will be delivered in the Southwest area in the Summer and Autumn 2025 including an invi181ion to a youth festival called spree and Sateiif(e. A National Youth Sunday Service led entirely by the yOh and the Congregational Federation Youth Ambassador is being considered. World Homeless Day is marked on 10th October. so we envi$age organizing a National Youth Sleep over sossion in a Ioc81 church lo bring awarenes$ of the homelessness prcl)lem 15
CONGREGATIONAL FEDERATION YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES STATEMENT OF TRUSTEES. RESPONSI8IUTIES The Trustees are responsib for preparing the Tru$lee$' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards IUnf(ed Kingdom Generally Accepted Accounting Praclicel. The law applicable lo Charities in England and Wale5 requires the Trustees lo prepare financial slalemenls for each financial year which give a true and fair view of the stste of affairs of the Charty and of the incoming resources and application of resources of the Charity for that period. In preparing these financial stalemenls, the Trustees are required lo.. select suitable accounting policies and then appty them consistently., observe the methods and principles in the Charf(ies SORP IFRS 1021., makejudgemenls and eslimales that are reasonable and prudent., state whether applicable accounting Standards have been followed. subiecl to any material dopartures disclosed and explained inthe financial slalemenls., prepare the financial statements on the going concern b8SIs nsS il is inappropriate to presume that the Charity will continue in operation. The Trustees are responsible for keeping proper accounting records that disclose wf(h reasonable accura al any time the financial position of the Charity and enable them lo ensure that the financial slalemenl$ comp with the Charities Act 2011, the Charities (Accounts and Reports) Regulation5 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the mainlenanee and integrty of the Charty's financial information included on the website. Legislation in the Uni(ed Kingdom goveming the preparation and dissemination of financial 5talem@nts may drffer from legislation in other jurisdidions. Approved by the Trustees on .. ... . and slgned on their behalf by: MrJALyon Trustee Dale 25&k Ap..1 2oJS 16
CONGREGATIONAL FEDERATION YEAR ENDED 31 DECEMBER 2024 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CONGREGATIONAL FEDERATION Opinion We have audited the financial statements of the Congregational Federation Ilhe'charity'l for the year ended 31 December 2024 which comprise the ststement offinancial aclivilies. balance sheet, slalemenl ofeashflDWS and notes lo the financial slatemenls, including signrficanl accounting policies. The financial reporting framework th has been applied in theii preparation is applicable law and United Kingdom Accounting standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland IUn((ed Kingdom Generally Accepted Accounting Practi1. In oui opinion the financial slalements.. give a true and fair view ofthe state ofthe Charty's affairs as at 31 December2024 and of ils incoming resources and application of resources plus cashflows for the year then ended., have been properly propared in accordance with United Kingdom Generally Accepted Accounting Practi.. and have been prepared in accordance with the requirements of the Charities Act 2011. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS {UKII and applicable law. Our responsibilities underthose standards are furtherdescribed in the Auditor's responsibilities for the audrt of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant lo our audit of the financial stslemenls in the UK, including the FRC'S Ethical Standard and we have fulfilled our other ethical responsibilities in a¢¢ordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide basis for our opinion. Conclusions relating to going concern In audf(ing the financial slalemenls, we have concluded that the Trustees, use of the going concern basis of accounting in the preparation oflhe financial slalemenl is approprple. Based on the work we have performed. we have not identified any material uncertainltes relating lo events Dr conditions that, Individual or collectively, may cast signrfieanl doubl on the Charity's abilty to continuè as a going conrn for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilrties and the responsibilrties ol the Trustees with respect lo going concem are described in the relevant sections of this report, Othor infomiatlon The other information comprises the information included in the annual report other than the financial slalemenls and our audilof's report Ihereon. The Trustees are responsible for the other infomation contained wrf(hin the financial slalemenls. Our opinion on the financial statements does not cover the other information and. except to the extent otherwise explicit stated in our report, we do not express any form of assurance onclu$KJn thereon. Our responsibilty is to read the other information and, in doing so. consider whether the ¢)ther infomiation is materially inconsistent wf(h the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially missled. If we idenlfy such material inconsistencies or apparent material misstslements, we are required to delemine whether there is a material misslalemenl in the financial statements or a material misstalemenl of the other infomialion. If, based on the work we have performed, we onclude that there is a material misstslemenl of this other infomalion, we are required to report that fact. We have nothing to report in this regard. 17
CONGREGATIONAL FEDERATION YEAR ENDED 31 DECEMBER 2024 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CONGREGATIONAL FEDERATION Matters on whlch we are required to report by exceptlon In the light of the knowledge and understanding of the Charity and f(s environment obtained in the course of the audit, we have not identified material misstalemenls in the Trustees. report. We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report lo you if, in our opinion.. adequate accounting records have not been kept, or fetums adequate for our audit have not been received from branches not visf(ed by us.. or the financial statements are not in agreement wlh the accounting records and returns,. or certain disclosures of Trustees, remuneration specified by law are not made., or we have not received all the infomiatK)n and explanations we require for our audit. Responsibilities of Trust89s As explained more lully in the Trustees, responsibilities statement sel out on page 14, the Trustees are responsible for the preparation of the financial stslements and for being satisfied that they give a true and fair view. and for such internal control as the Trustees detemiine is necessary lo enable the pparatIOn of financial statements that are free from material misslalement, whether due lo fraud or error. In preparing the financial slalemenls, the Trustees are responsible for assessing the Charity's ability to continue as a going Concern, dI1051n, a5 applicable, matt$rs related lo going conrn and using the going concern basis of accounting unless the trustees erther intend lo liquidate the Charity or lo cease operations. or have no realistic alternative but to do so. Auditorfs r8spon$ibilities for the audlt of the financial Statements Our objectives are to obtain reasonable assurance about whether the financial slalements as a whole are froe from material misslalemenl, whether due lo fraud or error. and lo issue an auditor's report that includes our opinh)n. Reasonable assurance Is a high level of assurance but is not a guarantee that an audit condu¢led in accordance with ISAS IUKI will aayS delect a material misstatement when it exists. Misstatements ean arise from fraud or error and are considered material if, individually or in the aggreg*e. they could reasonably be expected to influence the g¢onomic decisions of usets taken on the basis of these financial statements. Irregularities, including fraud. are instances of non-compliance with laws and gUlations. We design procedures in line with our responsibilities, outlined above. to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. Based on our understanding of the Charty and the industry in which il operates, we identified thatthe principal risks ()f non-compliance with laws and regulations related to the acts by the Charity, which were contrary to applicable laws and regulations including fraud, and we consM#ered the extent to whh non<ompliance might have a material effect on the financial slatemenls. We also considered those laws and regulations that have a dirgd impact on the preparation of the financial statements such as the Charities Ad 2011. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial slalemenls (including the risk of override of conlroLsl, and determined that the principal risks were related lo correctly reflecting revenue and the Charity's net income for the year. In particular. there are risks related lo the completeness and cut off of income from donations, legacies, lettings, investments and other charitable income. 18-
CONGREGATIONAL FEDERATION STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2024 Audit procedures perfomied by the engagement team induded,- reviewing the systems, controls and prttedures of the Charity relevant lo the preparation of the financial slalements lo ensure these were in place throughout the year evaluating management's Controls designed lo prevent and delecl irregularities review of the financial slalement disclosures lo underlying supporting documentation review of correspondence with and repDrts to the regulators, including correspondence with the Charity Commission enquiries of managem8nl in so far as they related lo the financial stslemenls testing of joumals in particular joumal entries posted by unusual users, postings with unusual des¢riplions, postings with unusual times and dales and postings kwlh unusual and material amounts evaluating whether there was evidence of bias by the trustees that represented a risk of material misstatement due to fraud challenging assumptions and judgements made by management in their crrtical ac¢ounling eslimales lesling a sample of income to supporting documentation both during the year and after the year end. In addition, analytical procgdures were performed lo ensure anticipated income had been properly recorded. There are inherent limitations in the audit procedures described above and the furthgr removed non- compliance with laws and regulations is from the events and transactions reflected in the financial slalements. the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error. as fraud may involve deliberate concealment by, for exarnple, forgery or intentional misrepresenlalions. or through collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's webslle at.. http.'Ilwww.frc.org.uklauditorsresponsibililies. This description fom)s part of our auditor's report. Use of our report This report is made solely to the Charity's mernbers, as a body. in accordance Wth Chapter 3 of Part 8 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state lo the Charity's members those matters we are required to slate to them in an audilorfs report and for no other purpose. To the fullest extent pfjrmitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity's members as é body. for our audit work, for this report, or for the opinions we have formed. UHY Hacker Young Statutory Auditor 14 Park Row Nollingham NG16GR UHY Hacker Young LLP is eligible to act as an auditor in lemis of Section 1212 of the Companies Act 2th)6 19
CONGREGATIONAL FEDERATION STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2024 UnTrstrl¢tsd ROSlrictod Endowment 2024 Totsl Fund8 Fund5 Fund8 Fund$ 2023 Totsl Funds Nots Income from donations & 10ga¢ias Income from lèttings Inlment income CLYne from ¢haritable acti%4t Olh8r inccffle 50,515 219.293 263,044 136,714 18.049 68.564 250,404 398,733 168.438 414.317 218.273 382.782 175.667 135.689 31.724 Total 869.566 216,573 886,139 1,191,039 Expenditu on letlings Expendable on charilab acliiitiès 188.309 895.693 188.309 1.24S.734 167.081 1,138.781 350,041 Totsl 1,084.002 3SO.041 1,434,043 1,305,862 N•t In¢omellExpenditur•l 1414,4361 1133,4681 1547.9041 1114,8231 Not In¢om¢llexp¢ndl¥•l b•for• other recognlsed 9aln$ and 108$ 1414.4361 133,4681 1547.9041 1114,8231 Other recognid goin(10$¥e Gain51llosse51 on Instment assets Gairtsllloss851 on instMent propefti8S 314.317 34,988 404,093 111,3991 Total other r¢¢ognld gainlllosspsl 314,317 95,340 34.988 392,8Y Net movement in funds 1100,1191 138,1281 34,988 1103.2591 277,871 Totsl funda brought forward 12,676,636 3.244,461 1.161.954 17.t03.051 16,805,190 Totsl Funds clf 12.S76.517 3.206,333 1,196,942 16.979.792 17.083,051 The statement of financial a¢tNlties includ05 all gain5 and 105se8 wognised duriNJ the y•ar. -20-
CONGREGATIONAL FEDERATION STATEMENT OF FINANCIAL ACTIVITIES- COMPARATIVE YEAR ENDED 31 DECEMBER 2023 Unrericted Rerfcted Endowrnent 2023 Totsl Funds Funds Funds Fund8 Income from &Jnations & legacies Income from lettirrfjs In%estment income Income from charitable actiiities Other inccyne 412,244 187,287 257,651 136,298 2,073 414.317 218.273 382.782 175,667 125.131 39.369 Total 993,480 197.559 1,191,039 Expenditure on lettings Expendable on chantable acliiities 167.081 841.39) 167.081 1.138.781 297,391 Total 1,008.471 297,391 1,305,862 Net Incom•llExpèndlturg1 bglor• trande 114,9911 199,832) 11148231 Extraordinary item Gross transfers befv thds Net Incom•llexp•nditur•l b•forè other recoynld galns and 1058 114,9911 199.832) 1114,8231 Other recognId galnslllow¥ Gainslllossesl on in¥estment assets Gain51llosse$l on inKestment properties 292.239 11,399 87, 24.288 404,093 {11,3991 Total other recognid galnslllos2•81 87.$66 391694 Not movement In fun(ts 265,849 112.2661 277,871 Total funds brought Iobward 11410,787 3.256,727 1,137,666 16.805.180 Totsi Funds clf 11676.636 3,244,461 1,161,954 17.083.051 The statament of finCial lisities ircludes all gains aTrJ losses recconised during the year. 21
CONGREGATIONAL FEDERATION BALANCE SHEET AS AT 31 DECEMBER 2024 un¢ R•rithd Endowmont 2024 Total Funds Fur8 Furlds Funds 2023 Total Funds Tangibie As$ets Intnnt Property InvdtThnts 12 13 14 1.000,1 3,035,OCO 7.452,994 705,558 229.500 2.257,915 265,105 1,970,924 3.284.5(x) 10.642.746 1.997.535 3.264,9)0 10.698.103 Jl.837 11,488,255 3.192.973 1.196,942 15,878,170 15,960,138 Debtors Cash at bank & on deposit 15 52,754 1.191,728 52.754 1 2fj7,362 51.285 1.182.441 25 654 1,244482 25.684 1,270,136 1.233.726 Arnounls falhng dua wrthin (x)e year 18 107,720 12,294 120,014 88.813 Not Current As80ts 1,136.782 13.360 1,150,122 1.144.913 Amounts falling due after Morn than one year 148,5WI 148,5001 (22,(NJOI NetAsR•ts 12,S76.617 3,206,333 1,196,942 16.979.792 17.083.051 UrY8strictèJ Funds Restricted Funds EndowThent Funds 12,576.517 12.576,517 3,2C6,333 1.196,942 12.676,636 3.244,461 1.161,954 3.2C6,333 1.196,942 Totsl Funds 19 12.576.517 3,206,333 1,196,942 16,979,792 17.OB3,051 The note$ on pag$s 2439 fom part of these financial statements. The financial statements were approved and aulhorised by the Board of Trustees on and were signed on ts behalf by". MrJALyon Chair of Trustees -22-
CONGREGATIONAL FEDERATION STATEMENT OF CASHFLOWS YEAR ENDED 31 DECEMBER 2024 2024 2023 Cash flow from operatlng activities Note 23 1457,5121 {S5,8291 Cash flow from invgsting activities Payments to acquire tangible assets Payments to acquire investment properties Proceeds from sales of tangible assets Proceeds from sales of investment properb'es Proceeds for reinvestment into investment pool {7,549} (344,7991 145,915 500.002 Net cash flow frorn investing actlvltle$ 492,453 {198.8841 Net increase I Idecrease) in cash and cash equlvalents 34,941 (254,713} Cash and cash equivalents at 1 January 1.182,441 1,437,154 Cash and cash equlvalents at 31 December 1.217.382 1,182,441 Cash and ¢osh equivalents consist of: Cash al bank and in hand 1.217,382 1,182,441 -23-
CONGREGATIONAL FEDERATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES 8asls of preparation and assessrnent of going concgm The financial slalemenls have been prepared under the historical cost convention as modrfied by the revaluation of investments. The linanei81 statements have been prepared in accordance wlh the Statement of Recommended Practice.. Accounting and Reporting by charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 issued in October 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS102} and the Charities Act 2011. The financial slalemenls have been prepared logive a'true and fairf view and have departed from the Charf(ieg (Accounts and Reports) Regulation5 in 2008 only to the exient required to provide a true and fair, view. This departure has involved following the Accounting and Reporting by Chari(ies-. Slalemenl of Recommended Practice applicable to CharItS preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Ireland IFRS1021 issued on 16 July 2014 rather than the Accounting and Reporting by Charities.. Slalement of Recommended Practice effectwe from 1 April 2005 which has since been withdrawn. The financial statements are prepared on a going concern basis. The Charity consti(utes a public benefit enltty as defined by FRS102. In preparing the accounts, the Trustees have considered whether in applying the accounting policies required by FRS102 and Charrties SORP {FRS1021 the restatement of comparatsve items was required. No roslalgmenls were required. Income from Charitable Legacies and Lotting$ All income Is included on the Statement of Financial Activi(ies on 8 recoverable basis when the Charty is alty enlilled lo the income and the amount can quanlrfied with reasonable a¢¢uracy. Closed Church in¢omo Income received from Closed Churches is recognised on the date of receipt. Investment income Investment income is accounted for when receivable. Investment ineorne recewable on permanent end¢)wmèn15 Is Irealed as expendable. Legacies. grants and donations receivable Grants and donations are included within the finaneial statements when Teceivable. Legacies are treated as receivable in the financial statements when nolffication has been received and receipt is virtually certain. Taxation The Charity is exempl from tax on income and gains falling within Section 505 of the Taxes 1988 or Section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied lo ts charitable objects. Glfts In klnd The Congregational Federation receives gifts in kind for which it is extremety grateful. Gifts of a capital nature, where material, are capilalised at valuation. Other gifts in kind, for example, the lime donated by volunteer workers, are not accounted for in the$0 financial statements on the grounds that Iheso invaluable resources are not possib to quantify. Expondlture Expenditure is accounted for on an accruals basis and ha5 been ¢las$ified under headings that aggregate all costs related lo these Categories. Whefe c05t5 cannot be directly attributed to particular heIng$, they have been allocated lo activi(ie5 on a basis consislenl with the use of resources. Expenditure 15 recorded net of VAT. when applicable. and the irrecoverable VAT is charged through the General Purpose Fund. -24-
CONGREGATIONAL FEDERATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Govemance costs Expenditure in relation lo the overall governance of the Charty is allocated lo Governance costs in the year. These costs consist of audit e¢)sts, expenditure in relation lo Trustee meeting5. Pension contributlons The Charity operes a defined conlrtrjulion pension scherne and the pensK)n charge represents the amount payable by the Charity lo the und in respect of the year. Grants payable Grants are offered subjed lo conditions which need lo be mel, where such conditions have not been mel al the yearnd dale. they are noted as a commi(menl but not accrued as expenditure. Non-current Assets Freehold and long leasehold land and buildings are dePre¢ted at 2% per annum. H¢)wever, no depreciation has been provided in the year 0$ the Trustees believe that the carrying value of land and buildings is less than the residual value. Depreciation is provided on the Charty's other assets al the following annual rates In order to write off each other asset over ils useful economic lrfe. Fixtures and fitb'ngs Motor vehicles Computer Equipment 10% on cost 250h on cost 20% on co81 Invgstment properties Propety held for the sole purpose of investment are included wiihin the accounts under the heading Investment Properties. These are included at market value", any changes in market value are recognised within other recognised gains or losses. Investments Fixed Asset Investments are a fomi of financial instrument and are inf(ialty recognised al their transaction cost and subsequently measured at fair value at the balance sheet date, unless the value cannot be measured reliably in which case il is measured at cost kss impaimienl. Investment gains and losses. whelh@r realised or unrealised, are combined and presented as 'Gainslllosgesl on investment assets, in the Statement of Financial Activitiès. Fund accounting Unreslricled Funds can be used in accordance with the charf(able objectives at the discretion of the Trustees. Within the unrestricted funds a number of Desunated Funds have been established as delemiined by the Trustees as detailed in note 20 to the financial statements. The re8lricllons applied lo DesBJnaled Funds can be reviewed al the Trustee'5 discretion. Reslricled Funds can onty be used for particular reslrieted purposes within the objects of the Charty. Reslriclions arise when specffied by the donor or when funds are raised for pa'Cular restrted purposes. Endowment Funds held by the Charty can only be useAI for particular reslricled purp¢)ses and only the income generated can be spent by the Charty. The nature and purpose of each Fund is included in the notes lo the financial slatemenls. -25-
CONGREGATIONAL FEDERATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 INCOME FROM DONATIONS & LEGACIES 2024 2023 Unrostricto Closed Church Receipts Memorial Hall Trust Grants Church Support- Closed chUh R¢¢wpt$ Church Support Donations Childn & Youth Receipts Legacy Benefact Trust- ftILlghtIng Grant Gen¥al Purposes Donatic$ 22.377 16,422 2,486 6,481 550 331,165 32,845 36.796 7.535 2,280 1.623 2,199 50.515 412.244 May Assembly Offering CIPT- Fees CIPT- Donations CWM - MCI Mission Trips CIPT- Course Materials 2,374 740 1.2S 15 14.7(KJ 43 18,049 2,073 Total 68,564 414.317 INVESTPIENT INCOME 2024 2023 Unrnstricted 263,044 257,651 Restrlctsd 135,689 125 131 Total 398,733 382.782 -26-
CONGREGATIONAL FEDERATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 114COME FROM CHAPJTABLE ACVITIEs 2024 2023 Chwch Affilia11 Fees Mirister8' pa1{ CF 5(nh Anruvsary CFL- Admln Chage$ CFL- 10% Management Fe8 Refrnsh Ad*rtisltvJ Refresh Sth)SCriFlion5 PS11Tr) Green LetUrvJs Payrdl SeThices ACAT MembersNp A550ciate Membership Personal Membershlp Oiher IoMe 73.035 43.823 71.8 46.413 292 7.876 1.250 420 6.325 1.920 979 88 616 382 723 4,629 870 305 518 14714 136,298 Coryregational Ilitute frx Practical Ih80 31,724 39.369 31.724 39,389 Total 16Q438 17S.667 OTHER IN¢OME 2024 2023 ProfjVILoss1 on ¥e of Fixed As$ets ProfilllL0551 on 5Ie ofwdkn ProFerty Total EXpeNTURe ON LErnNGS 2024 2023 Staff ¢o$t$ arKI Accommodation costs Oifw experxliture 89,610 89,454 9,245 73,320 60.887 12,874 Total 18&309 167,081 -27-
CONGREGATIONAL FEDERATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 EXPENDITURE ON CHARITABLE ACTIVITIES 4Tr 2 9 -28-
CONGREGATIONAL FEDERATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 CHARITABLE ACTIVITIES - GRANTS PAYABLE 2024 Gr¥ntst Individuals 2023 Grants to Individua18 Grants to In8titytion$ Grants to ItiOnS Payable From.. Sytlney Berry Tfust Other Htyne1B0t)9ht Church Suppcrt Grants May Assembly CF Soth AnnirSary 2023 Ministers Stipend Grants Tra1 Grants Grants payable from the CF Aa Funds 12.2 15.393 1.090 1,050 1.Cl]O 107.050 2,374 79.2C 740 5.170 21.0( 80 850 51,138 64.25B Tolal 181.561 13,192 t71.4S8 17.043 NET INCOMINGIIOUTGOINGI RESOURCES Net resources are ststed after l¢haTgingl I crnditing." 2024 2023 Depmciation - owngj a55et5 AL¥Jitor5 remuneration (34.1601 115.9001 150.74n 115.0001 rotsl 150.060} (65,7471 10 Mem8 of the C¢)un¢il do not recefft any mUnertIon in their capacity a5 members of ncIl. allhowjh bona-fide expenses are reirnbursed. 1 (2023..11 Trustees celled Tulerfs bock grants total of £25012023. £2501 Expon585 relating lo C0clI actiii118s during the year amount to £15.13312023." £10.6591. primarily in respect of tT¥nspcrt and rneeting costs. 13 Trust8es12023..211 receiKed expense$ in the year. Ihe CoNJregational Fédaration operates a Group Personal Pension scheme with Royal Lcndon forAccF8dit8d Ministri8S. Category M. who a ser%ing as a minister in a Fed8ralion church. There were 212023.41 seNng ministers on Council. for whom the F*ralion paid pension contributions of £9.185.2112023.. £12,571). br their role as a Federation Tnini5ter. 1$ not connected to their re as a member of Council. -29-
CONGREGATIONAL FEDERATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 11 STAFF COSTS 2024 2023 Wages and salaries Social security costs Pensitsn costs 499,408 41,049 49,042 443.725 36.154 43,533 589,499 523.412 tJrir@ 2024 the awage number of $laff employed was 25 12023.. 251 in the centra resource. As at tl year end the number of staff emF4oyed was eqUIlent lo 1412023.. 141 tsll time staff. Tfre is 1 emoyee reCeId employee benefits (excluding employer Fension costs) of more than £60,000 during 202412023.. 11. Senior management is comwised of klS(2023". fl1. The total employee beneffils of senior management v*re £306,50012023.' £284,537), including Fell5ion and National knsurance conlribulions. -30-
CONGREGATIONAL FEDERATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 12 TANGIBLE NON CURRBIT ASSErs Freehold PrOrty Computef Equlprnollt Fixturt$ & fllffjngs Motor Vehlcle8 Tolal At 1 January 2024 Additions Disposals 1.885,177 59.651 1,834 21736 2.6e7,238 7.549 (S,0) 5.715 15,3rA)I At 31 December 2024 7Tr),083 22.736 Deyecialn Al 1 January 2024 Charge for the year rA$posal$ 53,924 2,321 eo7,253 26,155 15,3rA)I 8,526 669,703 34,1 15,3001 At JI D¢¢mber 2024 56,245 628 108 14.210 698 563 Not Book Valug Al 1 January 2024 1.885 177 5.733 92,415 14.210 1.997,535 At 31 Decembor 2024 1,885.177 71,975 8.526 1,970,924 All assets are used for Charitab putw$e5. All properta8s are lo Imned by Cor8rogatiL¥wl F8d8ration. The Custodlan Tmstee ofthe preFerties is The Congregatnal Federatlon Ltd. 13 INVESTMENT PROPERTY 2024 2023 MARKET VALUE At 1 January 2024 Addition$ Disposal of In¥estmenl pffjperty- Uanha ReIatiOn 3.264,500 3,421,397 1156,8971 3.264.500 3,264.600 At 31 Ccembfrr 2024 Itment prcperty is stated al the Trustee'$ estim* rrf) rnadfet wlue. All properties are 100% ¢Mned by the Congre9alional Federalim except for.. Daisy Der, Brixton- 51% The C$t(kIlan TnJsiè0 eflhe In¥pslment propert185 18 fv Congregatlonal Federation Ltd. 31
CONGREGATIONAL FEDERATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 14 MON CURRENT ASSET INVESTAIENrs 2024 Li#od Inveslments 2023 Llrtod Invesknents Martet Value At 1 J8nuary NBI AdditionS/(DispossI th)reali$&l gainsll105sesl on IntrntS 10.698.103 Isc¥).2) 10,294.010 404.093 At 3108combof 10,642,746 10,698,103 Unwlised gain1105ses on Inlments Is sh¢yn net of instrnent rnanagemant fees of £50,WO1£2023." £50.OIXII 15 DEBTORS 2024 2023 Amount falllng du8 wlthln on¢ yar Trade Debtors Prepayments and ac¢Fued income Other 101$ 7.502 44.407 6,430 43,969 Total $2,764 51.285 16 IIEDITORS 2024 2023 Amount falling duo wlthln one y•ar Trade Cr•Jrftors Taxation & Social Se¢utity other Creditors A¢crua15 8,192 9,888 12,346 8,886 57,693 21,824 89,998 Total 120,014 8B.813 Included in Other Crt0 of £21.824 12023.. £8,886) 1$ deÈrr&J Income relating te CIPT Leaming atyl Dek)pment of £12.29412023.. £5.4981. 17 CREDITORS 2024 2023 Amount falllng due after moro than one y•èr'. Accrual$ 48.5C 22.[ Total 22,0fy) 18 PENSION cOMMITMTs CongTegalional Federation a ¢ommitted to proiiding a good pension for a11 Staff. ClNbUtn5 at a rate of 10% a paid into a scheme with The Royal London which is a defined contribution s¢hemo. As such. t Faderation has no pension fijnd liatrA'Irt$. -32-
CONGREGATIONAL FEDERATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 19 MOVEMEKf IN FUNDS . 2024 At tr1.01.24 Irthmo ExponthbJr• R•valuation TransfBrs Surplus At 31.12.24 Gr81 Putpo¥e5 1.397.183 297,773 (371.2151 42.571 30,871 1.397,183 PTDperty Traing Minislers. Pension ChLth Supp(xt Grarrts ChLrch Supkyxt. pt ctwxch Support- Sakguardiry ChAth Finar131 se1£e$ Prolecled PrryramrrÈ CF Area Fund5 2,713,674 8%.823 307,632 122.965 1,876 2.713,674 1.053,032 131.801 25,615 107.276 80,251 13.894 34.188 33,838 74.404 22,421 5.921 (2C6.n 168,6991 255,000 prxj.ocoi 12,617 131 1180.7011 143,7551 (.3721 144.637 10.117 915,909 6,320,574 38.078 220.920 932,019 6.323.193 P40.7221 97 6.018 11676,636 869,568 11.Of4,0021 314317 11574517 Htyne5 for Retired Ministek4 EdLtation Sidney 8eTry Chch Supp(xt. CIPT Spec1 Appeals MSP4 CWM . MCI CF Area Funds 794,494 41,962 112.668 1.164.780 140.9011 6.527 1.e16 4.721 39.605 7.086 44,800 108,897 1,108,Cfj7 3.570 1W2.360 2.374 I12.2} 1198.6781 12.3741 133.7861 51,938 18,747 3.598 1 132 138 14,7( 61.786 1.078,619 51.138 42.e71 3,24461 216,573 1350,0411 95,340 1206.333 G¥*ral PutFxJses Propetty Homes for Retired Ministers CF Area Funds 91,654 1n,451 8%,849 91,654 173.451 931.837 34.988 1,161.954 34.988 1,196.942 Total Funds 17,083,051 886,139 11.434.043) 444.645 11979.792
CONGREGATIONAL FEDERATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Unrestricted Fund This preSentS the free reserve5 of the Charty and General Purpose non-current assots. nated Funds Property Fund Propety assets include residential ifiveslment properties which are to be sold in the coming years to help finance the Charities operating deficrt. Trading Fund This provides support to the charitable activf(ies through rts student accommodation and conference facilities. Ministers, Pènsion Fund The Fund 15 intended lo hold assets which produce sufficient income to meet the Ministers, pension costs on an annual basis. Federation contributions a protected for Ministers in their employment @ March 2016 al 6.36%. Beyond that, for Ministers changing employment and new Acerediled Ministers. the Federation ontributions will be al a lower rale of 2%. This fund will then become sew-financing. no longer requiring fvnding from the Protective Programme Fund. Church Support Grants This Fund is lo provide Mission and Stsrter Grants to chuhe5 lo help support them in their mission initiatives. The Fund reiVeS 10% of any Closed Church distributions received by the FederalKJn. Church Support - Dept Providing resources and support to enable the Congregational Federation Churche$ lo fu11 Ihg commission to share the gospel and make disCipS and to engage wrth society al local. national and international levels. Church Support- Safeguarding Changes lo the Postoral Care Board were introduced latterfy during 2017. 11 was superseded by thè Accreditalk)n Group. wlh a remf( to oversee the Accredilalion process and Safeguarding. Pastoral Care within Areas 1$ now the responsibilty of Pastoral Care Coordinator5 for each Area. Church Financlal Services Services include custodian propety and advice services. payroll semces. administration services for church investments and deposrts. Protected Programme Fund The Fund where 900h of closed Church receipts and all unrestricted legacies are allocated into along with some internal transfer of funds mainly frcffl the General Purposes Propety Fund emanating Irom the disposal of some investment properties into money market investments, in order lo.. al generate investment income lo directly support specrfic operational programs and., bl lo finance specific 0rational annual deficits through a transferring of fund caprtal at each yoar end as deemed necessary. Congrggatlonal Federatlon Area Fund Comprising of Endowments and Expendable capital, which are invested in order to provide income for the Area Funds. The Accumulated Income derived from those investments is available lo be drawn upon by the Area Assocrations.
CONGREGATIONAL FEDERATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Restricted and Endovmient Funds Homes for Retired Mlnlsteys This Fund provides accommodation for qualifying Congregational Federation Ministers of no $$ than 25 years of Congregational Federation Minister service land to their widows) in their retirement and is dependent upon being on the Roll of Ministries under the (Category Ml for Minister. Education Fund The income from this Fund is applied for the beneff( of the children of Ministers of any of the Federation member churches. Th& Sidney Bory Trust This is a reslricled Fund resulting from a acY. Income is to be used lo supplement the incomes of poorty paid Ministers or to support, in retirement. Ministers or Ministers. wdowslers. Church Support - Congregational Institute for Practi1 Theology This Fund covers all the learning and development programmes. The Congregational Inslllule for Practical Theology reserves Came mainty through a distribution received from The New College Foundation, London. Speclal Appeals This Fund pSentS the offertory taken al the Congregational Federation National Assembly and the distribution lo the nominated charrties. Council for World Mission MSP4 Funding is being received to finance new ini(iative5 Wrthin the Congregational Federation. This fund is being used for a new Discipleship programme lo be launehed in 2025. Councll for World Mlsslon MCI We were successful in receiving a granl lo help fund two mission trips one to Grenada and one to Brazil in 2024. Congregatlonal Federatlon Area Funds Endowments and Expendable caprt81 which are being pmerved in order to provide income for the Area Funds, subject lo martet valuatnS. Accumulated income is available for draw down by the area associations. -35-
CONGREGATIONAL FEDERATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 TrdnsfeTS Unrestricted Fund G•n•ral Purw IGPI The fvjnd reCeId £30.871 from the Protected Program FuTrJ to cOr the 2024 progannme op&ralions. Tradlng The fijnd recei%Ed £25S000 from the Prole¢led ProgTrm Fund lo coieT Seral years progamme operions. Minithrf P8nson Fund This fvnd currently has surplus fiJThJs and so £200,000 has ken transkned to the PPF. Church Support. Dept The fund receiwl £141637 from the Protected Program Fund lo coler the 2024 progam)me operations. Church Support. Safoguarding The fijnd recei £10,117 from the Protected Prow Fund to cor the 2024 programme operatior. Prots¢t¢d Programme Fund IPPF) The table below is an analysis of the transfers to and from the Fund. Congwatiffial Federation Area Funds Safeguarding l Accreditation Gfoup Church Support Dept GP Ministers, Pension Trading 197) 110.11n 1144.63n 130,871} 200,000 1255.0001 1240,722) Congrogatlonal Fedoratlon Aroa Funds The Fund receid £97 from Protected Program fvnd lo cwr the 2024 programme OFeration$.
CONGREGATIONAL FEDERATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 MOVEMENT IN FUNDS- 2023 Al 01.01.23 In¢om• Exp•ndlturo Trnn$fer• At 31.12.23 Unrn8 Gèneral Purpo3eg 1.359.344 253.493 1347.5931 26.858 105,081 1,397,183 Desi Propety Trading Minister$, Pension Church Support Grants Churth Support- Dept Churth Support- Safeguarding Churth Financial Services Protected Programme CF Area Funds 2.870,571 958,315 286,364 173,645 1,877 1156.8971 2,713,674 896,823 307,632 122,965 1,876 125.224 82,058 51.337 26,633 26,633 65.641 357,953 4,508 1186.2981 172.4091 1102.7971 1159.0341 147.7241 187.3311 14181 11.619 132,400 21,091 901,605 5.859,066 35.994 206.007 915,909 6,320,574 1102,4521 777 5.285 11410,787 993A80 11.008,4711 280,840 12.676,636 Homes for Retired Ministers Education Sidney Berry Churth Support- CIPT Speryal Appeals CWM MSP4 CF Area Funds 809.604 39.319 119.514 1,189,055 5.170 50.757 1.043.308 23,757 1,154 3,733 106,945 740 1,181 60,049 141,7781 2.909 1.489 4.814 38,834 794,494 41,962 112,668 1,164,780 115.3931 1170.0541 15,9101 51,938 1,078,619 64.258 39.520 3,256,727 197,559 1297,3911 87,666 3,244,461 General Purposes Property H(Knes for Retld Ministers CF Area Fund$ 91,654 173.451 872.581 91,654 173,451 896,849 24,288 1,137,686 24.288 1.161,954 Total Fun 16.805,180 1,191.039 11.306.8621 392,694 17,083,051 -37-
CONGREGATIONAL FEDERATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 AIiALYSIS OF NET ASss BEfwEEN FUNDS Unredctod Rerfctod Funds Fuwwjs Pomlaneni Endowments Total Fund balances at 31st Doc8mb&r 2024 aro r•pre¥)ted by.. FiKed Assets Imestmenl Prcperty Imestments I Current As$et$ credito mcre than one year 1,OCn,261 3,035,Q 7,452,994 1,136,762 148,5WI 705,558 229,500 2.257,915 13, 265.1C6 1.970.924 3,284.50) 10,642,746 1.150.122 148,5LX)I 931.837 Tolal 12,$76,517 3,2Cé,333 1.196.942 16,979,792 Unrearicted Relctsd Funds Funds Permanent Endowrnents Total Fund balan¢es at 31st December 2023 are repregentod by.. Fixèj Asse18 InKestment Prowty InstMentS Net Currw)l Assets Creditor5 more than ene year 1,026,872 3,035,000 7.535.676 1,101,088 122.0001 705,558 229,5 2.265,578 43.825 265,105 1,997,535 3,264.5j 10,698,103 1.144.913 122,rMJ)I 896,849 Totsl 12.676.638 3.244.481 1,161.954 17,083,051 21 OTHER COMMITMENTS Al 31. Decnber 2024. the Cwgwational Federation NIL cawtal commitmants contracted but not pded for in these financial staternents12023.. NLI 22 RELATED PARTY DISCLOSURES Ihe Congregational Federation knmited acts Custodian Trustee on behalf of the ¢AYregatIOnal Federation ar oth8r5. It is considered that The Corqregalional FeNtIOn Mited is a rdated party through a COMM Trustee board. Transacti$ bet%¥n Coryregational Feder4tKin The CongrgJational F9Jeratn Limited duriry year 2024 2023 Fund5 to The Congregational Federatlon Llmitsd Paymant of Indent Examination l Audit F8e 3,6 3,5(M) Funds from The Congr8galJonal Federauon Limlted Costs relating to closed churc$ c505j chwch sal8 distributien 91 367,961 24,863 38-
CONGREGATIONAL FEDERATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 RELATED PARTY DISCLOSURES Icontinuedl A joint insurance policy is paid for by Congregational Federats'on lolalling £18.523 12023.. £18,364) which benefits The Congregatnal Federation Limited. Congregational Federation provides administrative and management services lo The Congregational Federation Limited. Congregab'onal Federation do not rocharge these costs lo The Congregational Federation Limited. As a member organisalion. transactions wlh each of the members of the Charty are not considered related party transactions for disclosure purposes within the financial statements. 23 RECONCILIATION OF MOVEMENT TO NET CASHFLOW FROM OPERATING ACTIVITIES 2024 2023 Net movement in funds for the year {103.2591 277.871 Depreciation {Profitllloss on disposal of tangible lixed assets {Profftllloss on disposal of Investment property IGainslllosses on investments Investment property revaluation Ilncreaselldecrease In debtors Increa$ellde¢reasel in credf(ors 34,160 S3.109 417 10,982 1404.0931 {444.6451 11,4691 57,701 {15,5391 21,424 Nel cashflow from operating at$ 457.512 55,829 24 RECONCILIATION OF NET DEBT ANALYSIS AT 2024 1 January Cash flows 31 December Cash 1.182,441 34,941 1,217,382 1,182.441 34,941 1.217.382 39-