2020-12-31-accounts

Reference and administrative details	Reference and administrative details
Trustees' Report		2to 10
Statement ofTrustees'	Responsibilities
Independent Auditors'	Report	12to 1S
Statement of Financial	Activities	16to 17
Balance Sheet		18
Notes tothe Financial	Statements	19to 36

YEAR E	NDED 31DECE	MBER 2020	MBER 2020	MBER 2020
Registered	charity name	Unaffiliated Congregational			Churches		Charities
Charity number		273854
Principal office		678 Ripponden	Road
		Moorside
		Oldham
		OL4 2LP
Trustees		MrRJ Alp
		Mrs LPerry
		Pastor M JValentine
		Mr P Butler
		Revd C Damp
		Mr D M Tucker
		Revd G M Evans
		Revd W Harrow	(resignation		11March		2020)
		Dr D LJames
		Revd S Dunning	(appointed		11March 2020)
Executive	Officer	Revd FWroe
Bankers		National Westminster		Bank	pic
		16South Parade
		Nottingham
		NG1 2JX
Solicitors		Anthony Collins	Solicitors
		134Edmond Street
		Birmingham
		B33ES
Auditors		Horsfield &Smith
		Chartered Accountants		&Statutory		Auditor
		Tower House
		269Walmersley	Road
		Bury
		Lancashire
		BL96NX

YEAR ENDED 31DE	CEMB	ER 2020
		Unrestricted	Restricted	Endowment	Total	Total
		funds	funds	funds	2020	2019
	Note	6	6	E	E	E
Income and Endowments	from:
Investment income	2	26,372	20,486	43,262	90,120	100,452
Other income		2,387	81		2,468	11,019
Total Income		28,759	20,567	43,262	92,588	111,471
Expenditure on:
Raising funds	4	(14,870)	(13,376)		(28,246)	(29,143)
Charitable activities	5	(29,315)	(40,631)		(69,946)	(71,205)
Total Expenditure		(44,185)	(54,007)		(98,192)	(100,348)
Net
(expenditure)/income		(15,426)	(33,440)	43,262	(5,604)	11,123
Gains/losses on
investment assets		(18,796)	(14,661)	(32,815)	(66,272)	342,997
Gross transfers between
funds		10,108	33,154	(43,262)
Net movement in funds		(24,114)	(14,947)	(32,815)	(71,876)	354,120
Reconciliation offunds
Total funds brought
forward		802,312	721,657	1,245,244	2,769,213	2,415,093
Total funds carried
forward	16	778,198	706,710	1,212,429	2,697,337	2,769,213

						Total
			Unrestricted	Restricted	Endowment	2019
		Note	f	E	E	E
Income and Endowments		from:
Investment income			29,578	22,875	47,999	100,452
Other income			10,939	80		11,019
Tota I Income			40,517	22,955	47,999	111,471
Expenditure on:
Raising funds			(14,909)	(14,234)		(29,143)
Charitable activities			(28,945)	(42,260)		(71,205)
Total Expenditure			(43,854)	(56,494)		(100,348)
Net (expenditure)/income			(3,337)	(33,539)	47,999	11,123
Gains/losses on investment
assets			99,130	77,330	166,537	342,997
Gross transfers between
funds			22,784	25,215	(47,999)
Net movement in funds			118,577	69,006	166,537	354,120
Reconciliation offunds
Total funds brought	forward		683,735	652,651	1,078,707	2,415,093
Total funds carried	forward	16	802,312	721,657	1,245,244	2,769,213

					2020	2019
				Note	E	f
Fixed assets
Investments				13	2,528,490	2,594,762
Current assets
Debtors				14	57,450	52,450
Cash at bank	and	in hand		19	117,446	128,040
					174,896	180,490
Creditors: Amounts			falling due within one year	15	(6,049)	(6,039)
Net current	assets				168,847	174,451
Net assets					2,697,337	2,769,213
Funds ofthe	charity:
Endowment	funds				1,212,429	1,245,244
Restricted income		funds
Restricted funds					706,710	721,657
Unrestricted	income		funds
Unrestricted	funds				778,198	802,312
Totalfunds					2,697,337	2,769,213

			Unrestricted		Endowment
			funds	Restricted	funds	Total
			General E	funds f	Expendable E	funds E
Interest receivable	and similar
income;
Interest receivable		on bank
deposits
Other income from		fixed asset
investments			26,261	20,486	43,262	90,009
Total for 2020			26,372	20,486	43,262	90,120
Total for 2019			29,578	22,875	47,999	100,452

3 Other income
	Unrestricted
	funds	Restricted	Total
	General	funds	funds
	E	E	E
Other income	1,500	81	1,581
Rental income	887		887
Totalfor 2020	2,387	81	2,468
Total for 2019	10,939	80	11,019

		Unrestricted
		funds	Restricted	Total
		General	funds	funds
		f		E
Staff Costs		11,324	10,185	21,509
Administrative	expenses	3,546	3,191	6,737
Total for 2020		14,870	13,376	28,246
Total for 2019		14,909	14,234	29,143

5 Expenditure on charitable act	ivities
		Unrestricted
		funds	Restricted	Total
		General	funds	funds
	Note	f	f	f
Grant funding ofactivities		26,556	38,150	64,706
Governance costs		2,759	2,481	5,240
Total for 2020		29,315	40,631	69,946
Total for 2019		28,945	42,260	71,205

	Unrestricted
	funds	Restricted	Total
	General	funds	funds
	f	f	f
Audit fees
Audit ofthe financial statements	1,316	1,184	2,500
Other fees paid to auditors	1,443	1,297	2,740
Total for 2020	2,759	2,481	5,240
Total for2019	2,778	2,652	5,430

Analysis	of	grants
				Grants to institutions		Grants to	individuals
				2020	2019	2020	2019
				f	f	f
Analysis
General	Purposes			20,075	14,356	6,481	11,811
Maintenance		ofthe Ministry		16,854	20,561
Church	Extension			4,000	3,500
Homes	for Retired Ministers					11,736	10,247
Welfare						4,000	4,000
Education						1,560	1,300
				40,929	38,417	23,777	27,358
8 Net	incoming/outgoing		resources
Net (outgoing)/incoming			resources for	the year include:
						2020	2019
						6	6
Audit fees						2,500	2,000

10Staff costs The aggregate payroll costs were as follows:
	2020	2019
	f	f
Staff costs during the year were:
Wages and salaries	19,554	19,094
Pension costs	1,955	1,909
	21,509	21,003

2020	2019
No	No

11Auditors' remuneration
	2020	2019
	f	f
Audit ofthe financial statements	2,500	2,000
Other fees to auditors
All other non-audit services	2,740	3,430

2020	2019
E	f
2,528,490	2,594,762

Other investments
	Fixed interest	Managed
	investments	funds	Total
	E	E	E
Cost orValuation
At 1January 2020	961,069	1,633,693	2,594,762
Revaluation	52,729	(119,001)	(66,272)
At 31December 2020	1,013,798	1,514,692	2,528,490
Net book value
At 31December 2020	1,013,798	1,514,692	2,528,490
At31December 2019	961,069	1,633,693	2,594,762

Analysis ofinvestments at	31December	2020between	funds
	Unrestricted	Restricted	Endowment	Total Funds	Total Funds
	Funds	Funds	Funds	2020	2019
		E		f	E
Listed and other
investments
Fixed interest investments	275,587	214,979	523,232	1,013,798	961,069
Managed funds	463,740	361,755	689,197	1,514,692	1,633,693
	739,327	576,734	1,212,429	2,528,490	2,594,762

			Endowed	Endowed		Expendable	Expendable
			Units	Market		Units	Market
				value			value
Charinco	income units		55354.057	109,048	4.3	82708.374	162,936	6.3
COIF income units			17231.700	310,367	12.3	23674.980	426,420	16.9
Charifund	units		27600.000	378,830	15.0	29074.909	399,074	15.8
COIF Ethicallnvestment		Units	150164.920	414,185	16.4	118783.990	327,630	13.0
				1,212,430			1,316,060

										2020	2019
										6	6
Prepayments										200	200
Amounts	falling	due	after	more	than	one	year:	Interest	in property	17,250	17,250
Amounts	falling	due	after	more	than	one	year:	Loans to	churches	40,000	35,000
										57,450	52,450

15Creditors: amounts falling due within one year
	2020	2019
	6	6
Other taxation and social security	571	701
Accruals	5,478	5,338
	6,049	6,039

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		Unrestricted			Total funds at
		funds	Restricted	Endowment	31December
		General	funds	funds	2020
		E	E	E	E
Fixed asset investments		739,327	576,734	1,212,429	2,528,490
Current	assets	44,920	129,976		174,896
Current	liabilities	(6,049)			(6,049)
Total net assets		778,198	706,710	1,212,429	2,697,337
		Unrestricted		Endowment	Total funds at
		funds	Restricted	funds	31December
		General	funds	Expendable	2019
		E	E	E	E
Fixed asset investments		758,123	591,395	1,245,244	2,594,762
Current	assets	50,228	130,262		180,490
Current	liabilities	(6,039)			(6,039)
Total net assets		802,312	721,657	1,245,244	2,769,213
18Analysis ofnet funds
					At 31
			At 1January		December
			2020	Cash flow	2020
			E	E	E
Cash at bank and in hand			128,040	(10,594)	117,446
Net debt			128,040	(10,594)	117,446
					At31
			At 1January	Financing	December
			2019	cash flows	2019
			E	E	E
Cash at bank and in hand			121,354	6,686	128,040
Net debt			121,354	6,686	128,040
19Cash	and cash equivalents
				2020	2019
				E	E
Cash on	hand			160	53
Cash at bank				117,286	127,987
				117,446	128,040

							2020	2019
							6	f
Financial	assets measured	at	fair value through		profit	or loss	2,528,490	2,594,762
Financial	assets that are debt		instruments	measured		at amortised
cost							57,250	52,250
Financial	liabilities measured		at amortised	cost			6,049	6,039