## 



## 

## 

|Reference and administrative<br>details|Reference and administrative<br>details||
|---|---|---|
|Trustees'<br>Report||2to 10|
|Statement ofTrustees'|Responsibilities||
|Independent<br>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<br>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<br>Collins|Solicitors|||||
|||134Edmond Street||||||
|||Birmingham||||||
|||B33ES||||||
|Auditors||Horsfield &Smith||||||
|||Chartered<br>Accountants||&Statutory||Auditor||
|||Tower House||||||
|||269Walmersley|Road|||||
|||Bury||||||
|||Lancashire||||||
|||BL96NX||||||





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|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<br>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<br>on:|||||||
|Raising funds|4|(14,870)|(13,376)||(28,246)|(29,143)|
|Charitable<br>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<br>on|||||||
|investment<br>assets||(18,796)|(14,661)|(32,815)|(66,272)|342,997|
|Gross transfers<br>between|||||||
|funds||10,108|33,154|(43,262)|||
|Net movement<br>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<br>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<br>on:|||||||
|Raising funds|||(14,909)|(14,234)||(29,143)|
|Charitable<br>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<br>on investment|||||||
|assets|||99,130|77,330|166,537|342,997|
|Gross transfers between|||||||
|funds|||22,784|25,215|(47,999)||
|Net movement<br>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|





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||||Unrestricted||Endowment||
|---|---|---|---|---|---|---|
||||funds|Restricted|funds|Total|
||||General<br>E|funds<br>f|Expendable<br>E|funds<br>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<br>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|





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## 

|5<br>Expenditure<br>on charitable<br>act|ivities||||
|---|---|---|---|---|
|||Unrestricted|||
|||funds|Restricted|Total|
|||General|funds|funds|
||Note|f|f|f|
|Grant funding ofactivities||26,556|38,150|64,706|
|Governance<br>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|



## 

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## 

||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<br>Net|incoming/outgoing||resources|||||
|Net (outgoing)/incoming|||resources for|the year include:||||
|||||||2020|2019|
|||||||6|6|
|Audit fees||||||2,500|2,000|



## 



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## 

## 

|10Staff costs<br>The aggregate<br>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'<br>remuneration|||
|---|---|---|
||2020|2019|
||f|f|
|Audit ofthe financial statements|2,500|2,000|
|Other fees to auditors|||
|All other non-audit<br>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<br>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<br>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<br>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|





##