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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|
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|||||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|
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||||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|
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|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|
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|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|
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|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|
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|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|
|14|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|
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|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|
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||||||||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|
##
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|It Is considered
Ihat gw Congregational|It Is considered
Ihat gw Congregational|Federation
is a related|Federation
is a related|Federation
is a related|party of Ihe Company|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.||
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|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)|
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