## ## |||||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| ## ## ## ## ## ## ## |14|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|parly of the Company|through|a common|Trustee Board|During|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|||| ## ## ## ## ## ## # ## ##