2020-12-31-accounts - The Congregational Federation Limited

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		Page	Page
Report ofthe Trustees		2 —5
Statement ofTrustees' Responsibilities
Report ofthe Independent Auditor		7 —9
Statement ofFinancial Activities			10
Comparison Statement of Financial Activities
Balance Sheet			12
Statement ofCashflows			13
Notes to the Financial Statements		14-26
The following pages are for information	only and do not form
part ofthe statutory accounts;
Custodian trustee properties		Appendix	1
Managing trustees		Appendix	2

				YE	AR ENDED 3	1DECEMBE	R 2020
					Unrestricted	Restricted	Endowed	2020Total	2019Total
					Funds	Funds	Funds	Funds	Funds
				Note	f		5	6	6
Income
Voluntary income
Invesanents					892	32,959		33,851	18,392
Chantabb acfiviTies						2,454		2,454	233
Giber						770,569		770,569	389,467
Total					892	805,982		806,874	408,092
Expenditure
Charitable activiles					2,252	35,697		37,949	78,416
Charilabb acfiviles- Disbursements								148,000	902,281
Total					2,252	183,697		185,949	980,697
Net Income I(Expenditure) transfers			before		(1,360)	622,285		620,925	(572,605)
Gross transfers between funds
Net income before gains/(losses)		other recognised			(1,360)	622,285		620,925	(572,605)
Other recognised	gains I(losses)
Gains I(bases) on	investment			assets	805	(20,064)		(19,259)	11,837
Gains/ (losses) on property	disposal of			inveslment					(14,377)
Investment Property		revalualon				354,696		354,696	(29,899)
					805	334,632		335,437	(32,439)
Net movement in funds					(555)	956,917		956,362	(605,044)
Total funds brought		forward			1,324,666	1,514,890		2,839,556	3,444,600
Total Funds C/F				15	1,324,111	2,471,807		3i795i918	2839556

			Y	EAR ENDED 3	1DECEMBER	2019
					Unrestricted	Restricted	2019Tots I
					Funds	Funds	Funds
						E	5
Income
Voluntary income
Investments					1,123	17,269	18,392
Charitable activities					200	33	233
Other						389,467	389,467
Tots I					1 323	406,769	408,092
Expenditure
Charitable activities					1,949	76,467	78,416
Charitable activities	- disbursements					902,281	902,281
Tote I					1,949	978,748	980,697
Net Income / (Expenditure)				before transfer:	(626)	(571,979)	(572,605)
Gross transfers between		funds
Net income before gains/(losses)	other		recognised		(626)	(571,979)	(572,605)
Other recognised	gains/		(losses)
Gains / (losses) on	investment			assets	913	10,924	11,837
Gains/ (losses) on property	disposal		ofinvestment			(14,377)	(14,377)
investment Property	revaluation					(29,899)	(29,899)
					913	(33,352)	(32,439)
Net movement In	funds				287	(605,331)	(605,044)
Total funds brought forward					1,324,379	2,120,221	3,444,600
Total Funds C/F					1,324,666	1,514,890	2,839,556

				unre striated	Rsstrtoted	endowed	2020 Total	2019Total
				Funds	Funds	Funds	Funds	Funds
			Note	E		E	6	E
Non Curferlt	Assets
Tangible assets			10	25,000			25,000	25,000
Inurstmsnts			11	26,930	145,997		172,927	139,842
				51,930	145,997		197,927	164,842
Current Assets
Intsstment property			12		1,985,518		1,965,518	950,997
Debtors
Amounts falling due within one year			13	8,756	12,001		20,757	15,195
Cash in hand				16,755	389,895		406,650	505,699
Debtors
Amounts falling due aher mors than one year			13	1,323,272			1,323,272	1,328,707
				1,348,783	2,367,414		3,716,197	2,800,598
Creditors
Amounts fa8lng due within one year			14	(8,872)	(41,604)		(50,276)	(52,519)
Net Current	Assets			1.340,111	2,325,810		3,665,921	2,748,079
Tolal Assets	less	Current Llabultles		1,392,041	2,471,807		3,863,848	2,912,921
Creditors
Amounts ta8ing due alter more than one year			14	(67,930)			(67,930)	P3,365)
Net Assets/Total		Funds		1,324,111	2,471,807		3,795,918	2,839,556
Funds
unmstdcted	Funds			1,324,111			1,324,111	1,324,666
Restricted Funds					2,471,807		2,471,807	1,514,890
Endowment	Funds
Total			15	1,324,111	2,471,807		3,795,918	2,839,556

			2020	2019
			5	5
Cash flow from operating activities		Note 19	(60,530)	(830,164)
Net cash flow from operating activities			(60,530)	(830,164)
Cash flow from investing activities
Payments to acquire investments			(52,344)	(521)
Receipts from sales ofinvestments				3,009
(Gains) / losses on investments			19,259	(11,837)
(Profit) / loss on disposal ofinvestment properties				14,377
Receipts from sales ofinvestment properties				1,025,623
Net cash flow from investing activities			(33,085)	1,030,651
Cash flow from financing activities
(Repayment) Ireceipts from issue ofnew long-term	loans		(5,434)	(78,670)
Net cash flow from financing activities			(99,049)	121,817
Net increase I(decrease) in cash and cash equivalents			(99,049)	121,817
Cash and cash equivalents at 1 January 2020			505,699	383,882
Cash and cash equivalents at 31 December 2020			406,650	505,699
Cash and cash equivalents consist of:
Cash at bank and in hand			406,650	505,699
Cash and cash equivalents at 31 December 2020			406,650	505,699

Unrestricted	Restricted	2020	2019
E	E	E	E
2,252		2,252	1,949
	35,697	35,697	76,467
2,262	35,697	37,949	78,416

Charitable A	ctivities-Dls	bursemenh
				2020	2019
				E	E
Disbursement	ofProceeds	from sale	ofDobcross		404,295
Transfer ofFdtchley to East Midlands			Area		158,119
Disbursement	ofHemsby				3,273
Dlsbumement	ofIpswich Manse			145,000
Disbursement	ofProceeds	from sale	ofUttle Irchester		6,516
Dlsbumement	ofProceeds	from sale	ofPoughgl		30,078
Transfer ofRuscombe to South West			Area		300,000
Total				148,000	902,281

Tangible Non-Current Assets
	Property	Total
Cost	E	E
At 1 January 2020	25,000	25,000
Addisons
At 31December 2020	25,000	25,000
Net Book Value
At 1 January 2020	25,000	25,000
At 31December 2020	25,000	25,000

Fixed Asset	Investments
		DK Usted Investments
Market Value			E
At 1 January	2020		139,842
Additions			52,344
Dlsposals
Revaluations			(19,259)
At 31December 2020			172,927
Investment	Property
		Investment	Property
Market Value			E
At 1 January	2020		950,996
Churches closed during the year			659,826
Revaluation			354,696
Disposals
At 31December 2020			1,965,518

Debtors
			2020f	2019 f
Amounts	falling due within one	year:
Prepayments			10,391	6,559
Dther debtors			1,730
Loans to	Churches - see below		8,636	8,636
			20,757	15,195
Amounts	falling due after more	than one year:
Amounts	due from Congregational	Federa8on	1,255,342	1,255,342
Loans to	Churches - see below		67,930	73,365
			1,323,272	1,328,707
Total Debtors			1,344,029	1,343,902
Loans to churches			2020	2,019
			6	f
Vineyard	Richmond		76,566	82,001
Total Loans			76,566	82,001
Amounts	falling due elthin one year		8,636	8,636
Amounts	falling due after more than one year		67,930	73,365
Total Loans			76,566	82,001

Creditors
		2020	2019
		6	6
Amounts falling	due within one year:
Other Creditors		41,640	43,883
Uoyds Bank loan - Newport (IOW)
Lloyds Bank loan - Richmond - Vineyard		8,636	8,636
		50,276	52,519
Amounts falling	due between one and two years:
Uoyds Bank loan —Richmond - Vineyard		8,636	8,636
		8,636	8,636
Amounts falang	due between two and five years:
Uoyds Bank loan - Richmond - Vineyard		25,908	25,908
		25,908	25,908
Amounts falling	due after more than fhre years:
Lloyds Bank loan - Richmond - Vineyard		33,386	38,821
		33,386	38,821
Total amounts	faalng due after one year	67,930	73,365

1L Movenwnt In Funds
					Investment
				Galnl(Loss) on	Property
	At 01.01.20	Inconw	Sxpendkure	Investments	Revaluation	Transfer	At 31.12.20
	E	E	6	E	E	E	E
General Purposes	1,312,034		(496)	471			1,312,551
	12,632		(1,756)				11,500
	1,324,668	892	(2,252)				1,324,111
Srlmlnglon		189,544	(6,625)				182,919
Crgcheshr - Okl Healh	148,342		(1,144)		50,000		197,198
Delph	20,067	165			(304)		25,931
Darwen - HoSns Gnxn	24,941	450	(2,940)		110,000		132,451
Ipswlch StClemente	390,876	618	(2,487)		50,000		445,007
Ipswlch StCements Manse	149,001	229	(148,000)				1,290
Longney	47,634		(1,270)				46,364
Poleswonh	40,652	484	(2,470)		20,000		58,658
Ponlypool - Emmsus	51,337	3,900	(1,081)				54,156
Fsdgewel		492,348	(3,259)	269			489,358
Fsshworlh - Graveyard	7,630	20					7,650
Royton - Church	92,449	3,634	(3,034)	(13,166)			79,283
Royton - Endowed	9,329	450	(450)	(608)			8,721
Royam - Manse	11,980	577	(577)	(780)			11,200
ShaEord Green	407,853	12,510	(5,333)		125,000		539,830
Trehanog		101,050	(2,399)	(5,779)			92,872
Trudoxhll	100,931		(2,020)				98,911
	1,614,890	805,$82	(1636$7)	(20054)	354,696		2,471,807
Treat	2,839,666	806,874	(185,$4$)	(19,269)			3,795,918

							Invesbnent
					Gain/(Loss)	on	Properly
		At01.01.19	Income	Expenditure	Invesbnents		Revaluation	Transfer	At 31.12.19
		E	E	E	E		E	E	E
Unrestricted Funds
General Purposes		1,311,483		(6D5)					1,312,034
		12,896		(1,344)		453			12,632
		1,324,379	1,323	(1,949)		913			1,324,666
Restricted Funds
Crdchester - Old Heath			151,435	(3,093)					148,342
Oelph		25,801	165				101		26,D67
Oarwen - HoDins Gnxe			45,115	(20,174)					24,941
Oobcross		409,083		(404,633)	(4,450)
Fritchley		157,541		(157,541)
Hemsby		3,261	13	(3,274)
Ipswich St Clemente		559,121	1,523	(5,725)				(158,043)	396,876
Ipswich St Clemente	Manse		104	(1,03D)	(8,056)			158,043	149,061
Little bchester		6,639		(6,639)
Longnay		79,211		(1,577)			(30,000)		47,634
Poleswonh			40,965	(313)					40,652
Pontypool - Emmaus			54,065	(2,728)					51,337
PoughiD		32,286		(30,415)	(1,871)
Rlshworlh - Grawryard		7,595	43						7,638
Royton - Church		80,919	4,514	(4,514)	11,530				92,449
Royton - Endowed		9,590	513	(513)		(261)			9,329
Royton - Manse		12,315	659	(659)		(335)			11,980
Ruscombe		297,974		(297,974)
Shalford Green		438,885	5,210	(36,442)					407,653
TrudoxhiD			102.445	(1,504)		(10)			100,931
		2,120,221	4D6,789	(978,748)	(3,453)		(29,899)		1,514,890
Totst		3444,600	408,092	(980,697)	(2,540)		(29,899)		2,839,556

It Is considered Ihat gw Congregational	It Is considered Ihat gw Congregational	Federation is a related	Federation is a related	Federation is a related	Ihrough a comnsn	Trustee Boarcl During	Trustee Boarcl During	the year,
Iransacgons took phce vtlh the Congregational			Federation asfohws:-
							2020	2019
							E	E
Funds from Congregational Federation
Grant for Ruscornbe due to expenditure		exceeding fund value						5,101
Loan for Densen Itcgns Grove, paytdge		cn saks		of prenises				30,000
Payment of I dapendam Audit (2019:Indpendem				Bxaniner )fee			2,400	2,230
							2020	2019
							E	6
Funds to Congregational FederatIon
Costs rekdng lodosed churches
Closed church sale dtstribugons: (as	gated )
Dobcross, (Oklham), Lilge Irchester,	Poughig,		Ashton Road, (Oldham)					441,063
Ckoed church saks diskibugons:
Ipswich Manse						148,000
Darwen Afgteton Fees								152
Ridgewe5 Algagon Fees							176
Truckxddg A$5agon Fees								135
At Ihe year end, lhe Congregational	Federagon			owed E1,255,342(2019'i E1,255,342) to	The Congrega5onal	Federation	Umted.

9.Reconciliation of Net Expenditure to Net Cash	Flow from Operating Activities
	2020	2019
		F
Net movement in funds	956,362	(605,044)
(Increase) Idecrease in debtors	(127)	86,017
Increase I(decrease) in creditors	(2,243)	35,464
Revaluation ofinvestment property	(354,696)	29,899
Churches closed during the year	(659,826)	(376,500)
Net cash flow from operating activities	(60,530)	(830,164)