2021-12-31-accounts - The Congregational Federation Limited

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				Page	Page
Report of	the Trustees			2 —5
Statement	ofTrustees' Responsibilities
Report of	the Independent Auditor			7 —9
Statement	of Financial 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

			YEA	R ENDED 31 DE	CEMBER 202
				2021	2020
				5	5
General Purposes		Fund		1,311,080	1,312,551
Less Tangible	Non-Current		Assets	(25,000)	(25,000)
				1,286,080	1,287,551
Less long term	loan			(1,255,342)	(1,255, 342)
Free Reserves				30,738	32,209

							Unrestricted	Restricted	2021 Total	2020 Total
							Funds	Funds	Funds	Funds
						Note	6	6		6
Income
Voluntary income
Investments							847	21,800	22,647	33,851
Charitable activities							10,000	1,004	11,004	2,454
Other								313,317	313,317	770,569
Total							10,847	336,121	346,968	806,874
Expenditure
Charitable activities							2,048	78,939	80,987	37,949
Charitable activities	- Disbursements							424,153	424,153	148,000
Tots I							2,048	503,092	505,140	185,949
Net Income / (Expenditure)				before	transfers		8,799	(166,971)	(158,172)	620,925
Gross transfers between		funds
Net income before	other		recognised			gains/(losses)	8,799	(166,971)	(158,172)	620,925
Other recognised	gains/		(losses)
Revaluation ofinvestment			property					110,564	110,564	354,696
Gains / (loss) on sale ofinvestment					property			169,857	169,857
Gains / (losses) on	investments						(1,759)	14,230	12,471	(19,259)
							(1,759)	294,651	292,892	335,437
Net movement in	funds						7,040	127,680	134,720	956,362
Total funds brought forward							1,324,111	2,471,807	3,795,918	2,839,556
Total Funds C/F						15	1,331,151	2,599,487	3,930,638	3,795,918

							Unresbicted	Restricted	2020Total
							Funds	Funds	Funds
							8		E
Income
Voluntary income
Investments							892	32,959	33,851
Charitable activities								2,454	2,454
Other								770,569	770,569
Total							892	805,982	806,874
Expenditure
Charitable actidties							2,252	35,697	37,949
Charitable actidties	- Disbursements							148,000	148,000
Total							2,252	183,697	185,949
Net Income I (Expenditure)			before transfers				(1,360)	822,285	620,925
Gross transfers between		funds
Net income before	other recognised			gainer(losses)			(1,360)	622,285	620,925
Other recognised	gains	I (losses)
Gains I (losses) on	investment		assets				805	(20,064)	(19,259)
Gains/ (losses) on	disposal ofinvestment				property
Investment Property	revaluation							354,696	354,596
							805	334,632	335,437
Net movement in	funds						(555)	956,917	956,362
Total funds brought forward							1,324,666	1,514,890	2,839,556
Total Funds CiF						15	1,324,111	2,471,807	3,795,918

			Unrestricted	Restricted	2021 Tots I	2020 Tote I
			Funds	Funds	Funds	Funds
		Note	6	6	6	6
Non Current	Assets
Tangible assets		10	25,000		25,000	25,000
Inwrstments		11	25,171	121,948	147,119	172,927
			60,171	121,948	172,119	197,927
Cune nt Asseat
Inu.stment property		12		1,469,756	1,469,756	1,965,518
Debtors
Amounts falling due within one year		13	8,749	8,534	17,283	20,757
Cash in hand			25,559	1,018,067	1,043,626	406,650
Debtors
Amounts falling due alter more than one year		13	1,317,569		1,317,569	1,323,272
			1,351,877	2,496,357	3,848,234	3,718,197
Creditors
Amounts falling due within one year		14	(8,670)	(18,818)	(27,488)	(50,276)
Net Current	Assets		1,343,207	2,477,539	3,820,746	3,665,921
Total Assela	less Current Liabilities		1,393,378	2,599,487	3,992,865	3,863,848
Creditom
Amounts falling due alter more than one year		14	(62,227)		(62,227)	(67,930)
Net AssetslTota I Funds			1.331.151	2,599.487	3,930.638	3,795.918
Funds
Unrestricted	Funds		1,331,151		1,331,151	1,324,111
Restricted Funds				2,599,487	2,599,487	2,471,807
Endowment	Funds
Total		15	1,331,151	2,599,487	3,930,638	3,795.918

				2021	2020
				6	6
Cash flow from operating	activities		Note 19	(406,783)	(41,271)
Net cash flow from operating		activities		(406,783)	(41,271)
Cash flow from investing	activities
Payments to acquire investments				(45,234)	(52,344)
Receipts from sales ofinvestments				83,512
Receipts from sales of investment properties				1,011,184
Net cash flow from investing		activities		1,049,462	(52,344)
Cash flow from financing	activities
Long-term loan repayment				(5,703)	(5,434)
Net cash flow from financing		activities		(5,703)	(5,434)
Net increase I(decrease)	in	cash and cash equivalents		636,976	(99,049)
Cash and cash equivalents		at 1January		406,650	505,699
Cash and cash equivalents		at31December		1,043,626	406,650
Cash and cash equivalents		consist of:
Cash at bank and in hand				1,043,626	406,650

2	Voluntary Income	Voluntary Income
							2021	2020
							5	6
	Voluntary income
	Total
3	Investment Income
							2021	2020
							6	5
	Rents received						14,924	25,455
	Income from 8xed asset investments Bank interest receiwxi						7,663 60	7,312 1,084
	Total						22,647	33,851
4	Income from	Charitable		Activities
							2021	2020
							5	5
	Income relating Other	to projects					11,004	2,454
	Total						11,004	2,454
5	Other Income
							2021	2020
							6	8
	Incoming resources		received following		church closures
	for management	by The Congregational			Federation	Ltd
	Investment properties Cash and investments						235,000 78,317	659,826 110,743
	Total						313,317	770,569

Charitable Ac	tivities - Dbrbursements
		2021	2020
		E	6
Disbursements Disbursements Disbursements Disbursements	- Dsrwen Hofiins Grow - Ipswich Manse - Notfingham - Polesworfh	142,172 898 33,919	148,000
Disbursements Disbursements	- Poniypcol -Trebanog	95,000 57,164 95,000
Total
		424,153	148.000

11	Fixed Asset	Investments
			UK Listed
			investments
	Market Value
	At 1 January	2021	172,927
	Additions		45,234
	Dieposals		(83,513)
	Revaluations		12,471
	At 31December 2021		147,119
12	Investment	Property
			Investment
			Property
	Market Value		6
	At 1 January	2021	1,965,518
	Churches closed during the year		235,000
	Revaluation		110,564
	Disposals		(841,326)
	At 31December 2021		1,469,756

Creditors
				2021	2020
				6	6
Amounts falling		due within	one year:
Other Creditors				18,852	41,640
Lloyds Bank loan		- Newport	(IOW)
Lloyds Bank loan		- Richmond	- Vineyard	8,636	8,636
				27,488	50,276
Amounts falling		due between one and two years:
Lloyds Bank loan		- Richmond	- Vineyard	8,636	8,636
				8,636	8,636
Amounts falling		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 five years:
Lloyds Bank loan		- Richmond - Vineyard		27,683	33,386
				27,683	33,386
Total amounts	falling due after one year			62,227	67,930

						Investment
unrestricted Funds		At 01.01.21 5	Income 5	Expenditure 6	Gain/(Loss) on Investments 5	Property Revaluation 8	7rensfer	At 31.12.21 6
General Purposes		1,312,551		(889)	(1,029)			1,311,080
Future Evauations Garveys/d	Costs	11,560	30,000 400	(1,159)	(730)			10,000 10,071
		1,324,111	10,847	(2,048)	('1,759)			1,331,151
Restricted Funds
Ashley Srimington Colchester - Old Heath Oelph Oarwen - Ho0ins Grow lpswich St Clemente Ipswich St Clemente Manse Longney Nottingham Polesworth Pontypocl - Emmaus Rrdgewe8 Rishwonh - Gmwryard		182,919 197,198 25,931 132,451 445,007 1,290 46,364 58,858 54,156 489,358 7,658	51,291 9,270 165 33 38,739 2,386 293 1	P91) (8,587) (4,688) (135,608) (2,229) (1,290) (1,473) (33,925) (95,719) (58,249) (2,428)	255 414	17,471 2,338 3,157 90,692 37,327 1,994		50,500 201,073 192,510 28,434 533,503 44,891 5,069 266 287 487,637
Royton - Church Royton - Endowed Royton - Manse Sandford Shalford Green Ton Pant re Trehanog Tnldeger' Trudoxhi0		79,283 8,721 11,200 539,830 92,872 98,911	3,937 440 564 120,812 3,106 44,018 809 60,257	(3,937) (440) (564) (\,491) (34,701) (4,217) (95,026) (15,750) (1,979)	7,722 1,242 1,595 201 2,801	91,216 36,226		7,659 87,005 9,963 12,795 119,522 599,451 78,027 1,456 44,507 96,932
		2,471,807	336,121	(503,092)	14,230	280,421		2,599,487
Tola I		3,795,918	346,968	(505,140)	12,471	280,421		3,930,638

					Invesunent
	At01.01.20 5	Income	Expenditure 2	Gain/(Loss) on Investmenls 6	Property Revaluadon 6	Transfer 6	At31.12.20 6
Unmstrtcted Funds
General Purposes	1,312,034	542	(496)	471			1,312,551
Gramysrd	12,632	350	(1,756)				11,560
	1,324,866	8$2	(2,262)	806			1,324,111
Restricted Funds
Brimingt on Colchester - Old Heath Delph Densen - Hogins Grow Ipswich St Clemente Ipswich St Clemente Manse Longney Polesworth Pontypool - Emmaus Ridgeweg Rishworth - Graveyard Royton - Church Royton - Endowed Royton - Manse Shalford Green Trebanog Tiudoxhill	148,342 26,067 24,941 396,876 149,061 47,634 40,652 51,337 7,638 92,449 9,329 11,980 407,653 100,931	189,544 168 450 618 229 484 3,900 492,348 20 3,634 450 577 12,510 101,050	(6,625) (1,144) (2,940) (2,487) (148,000) (1,270) (2,478) (1,081) (3,259) (3,634) (450) (577) (5,333) (2,399) (2,020)	269 (13,166) (608) (780) (5,779)	50,000 (304) 110,000 50,000 20,000 125,000		182,919 197,198 25,931 132,45'I 445,007 1,290 46,364 58,658 54,156 489,358 7,658 79,283 8,721 11,200 539,830 92,872 98,911
Total	1,514,890	805,982	(183,697)	(20,084)	364,696		2,471,807
	2,839,656	806,874	(185,94$)	(19,259)	354,696		3,795,918

It is considered that the Congregational	It is considered that the Congregational	It is considered that the Congregational	Federation	Federation	Federation	is a misted	is a misted	Trustee Board	the year,
transactions took place with	the	Congregational			Federation as		follows:-
								2021	2020
								E
Fundsfrom Congregational	Federation
Payment ofAudit/Independent	Examinabon			Fse				7,500	2,482
								2021	2020
								E	E
Fundsto Congregabonal	Federadon
Costs relating to closed chumhes								173	326
Repayment ofDarwen Loan								30,000
Closed church sale distributions:		(ss listed		)
Darwen, Ipswich Manse, Nottingham,			Polesworth,			Pontypool,	Trebsnog	414,153	148,000
Ridgewell Agliation Fees									176
Ton Pentre Alligation Fees								180

19.Reconciliation of Net Expen	diture to Net Cash Flo	w from Operating Activities
		2021	2020
		6	6
Net movement in funds		134,720	956,362
(Increase) Idecrease in debtors		9,177	(127)
Increase f(decrease) in creditors		(22,788)	(2,243)
Revaluation ofinvestment property		(110,564)	(354,696)
(Gain) Iloss on sale ofinvestment	property	(169,857)
(Gains) Ilosses on investments		(12,471)	19,259
Churches closed during the year		(235,000)	(659,826)
Net cash flow from operating activities		(406,783)	(41,271)

Aberdeen,	Danestone		Cam		Garnduffaith,	Sardis	Sardis
Abertillery			Carlisle - Lowther St		Glasgow, Lloyd		Illlorris
Affetside			Carnforth		Gloucester, St Marys
Ashby de la Zouch			Castle Combe		Grassington
Ashton in Makerfield			Cawsand		Grimsby
Bedford, (Elstow Bunyan)			Chadderton	(Independent)	Guilden Morden
Beer			Charfield		Harden
Belper			Chatham		Harting
Belvedere 8 Erith			Cheltenham		Hawkesbury	Upton
Berkeley			Chipping		Heathfield
Bethel Mission (StHelens)			Chulmleigh		Heaton Mersey
Bilston			Corfe Castle		Herstmonceux
Birmingham	-Hay Mills		Cranbrook		Higham
Birmingham	-Ladypool	Rd	Crediton		Highbury Quadrant
Blaby			Darwen, Highfields		Horningsham
Blackpool,	Victoria		Dereham		Hutton Free
Blaenavon			Didmarton		Ide
Bow			Dordon		Iden Green
Bradford, Kipping			Dowlais		Inglewhite
Bradford, Union Croft			Draycott		Ipswich, Hatfield		Rd
Bradley, Whitchurch			Driffield		Isle ofSheppey
Bretherton			Dudley		Isleworth
Bristol, Hope			Dulverton		Islington Union		Chapel
Bristol, Kingswood			East Bergholt		Kentish Town
Briton Ferry			East Ham		Kingswood,
8rixton			East Morton		(Wotton under Knowle Green	Edge)
Brynmawr,	Bethesda		Eccles		Lapford
Bucklebury			Fairford		Leicester - Clarendon			Park
Burbage			Four Lanes End, Bury		Litlington
Buttershaw,	Bradford		Frampton on	Severn	Little Longstone
Cadis head			Frltchley		Liverpool