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2021-12-31-accounts

Reference and administrative
details		 Reference and administrative
details		 1to2
Trustees'
Report		 3to 10
Statement ofTrustees' Responsibilities
Independent
Auditors'		 Report 12to 15
Statement of Financial Activities 16to 17
Balance Sheet 18
Notes to the Financial Statements 19to 36

Registered charity name Unaffiliated
Congregational		 Unaffiliated
Congregational		 Unaffiliated
Congregational		 Churches Charities
Charity number 273854
Principal oflice 678 Ripponden Road
Moorside
Oldham
OL4 2LP
Trustees Mr RJ Alp (Retired December 2021)
Mrs L. Perry
Pastor M J Valentine
Mr P.Butler (Resigned November 2021)
Mr D. M.Tucker
Revd CJ Damp
Dr0 LJames
Revd S Dunning (Resigned November 2021)
Revd BL M. Evans
Executive Officer Revd FWroe
Bankers National Westminster Bank pic
16South Parade
Nottingham
N61 2JX
Solicitors Anthony
Collins		 Solicitors
134Edmond Street
Birmingham
B33ES
Auditor Horsfield &Smith
Chartered
Accountants
gt Statutory Auditor
Tower House
269Walmersley Road
Bury
Lancashire
BL96NX

retired min ister's
widow
Year f
2022 48,238
2023 32,500
2024 37,933

YEAR ENDED 31DEC EMBER 2021
Unrestricted Restricted Endowment Total
funds funds funds 2021
Note E E E E
Income and Endowments from:
Investment
income		 2 27,538 21,473 45,502 94,513
Other income 3 2,387 83 2,470
Tota I Income 29,925 21,556 45,502 96,983
Expenditure
on:
Raising funds (12,629) (11,468) (24,097)
Charitable
activities		 (32,262) (49,178) (81,440)
Total Expenditure (44,891) (60,646) (105,537)
Net (expenditure)/income (14,966) (39,090) 45,502 (8,554)
Gains/losses
on investment
assets 82,578 64,415 143,118 290,111
Gross transfers between
funds 17,390 28,112 (45,502)
Net movement
in funds		 85,002 53,437 143,118 281,557
Reconciliation offunds
Total funds brought forward 778,198 706,710 1,212,429 2,697,337
Total funds carried forward 16 863,200 760,147 1,355,547 2,978,894

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

2021 2020
Note E E
Fixed assets
Investments 13 2,818,601 2,528,490
Current assets
Debtors 14 57,491 57,450
Cash at bank and in hand 108,545 117,446
166,036 174,896
Creditors: Amounts falling due within one year 15 (5,743) (6,049)
Net current assets 160,293 168,847
Net assets 2,978,894 2,697,337
Funds ofthe charity:
Endowment funds 1,355,547 1,212,429
Restricted income funds
Restricted funds 760,147 706,710
Unrestricted income funds
Unrestricted funds 863,200 778,198
Total funds 16 2,978,894 2,697,337

2
Investment
income
Unrestricted Endowment
funds Restricted funds Total
General funds Expendable funds
E E E E
Interest receivable and similar
income;
Interest receivable on bank
deposits 12 12
Other income from fixed asset
investments 27,526 21,473 45,502 94,501
Total for 2021 27,538 21,473 45,502 94,513
Total for 2020 26,372 20,486 43,262 90,120
3
Other income
Unrestricted
funds Restricted Total
General funds funds
E E E
Other income 1,500 83 1,583
Rental income 887 887
Total for 2021 2,387 83 2,470
Totalfor 2020 2,387 81 2,468

Unrestricted
funds Restricted Total
General funds funds
E E f
Staff Costs 11,394 10,347 21,741
Administrative expenses 1,235 1,121 2,356
Total for 2021 12,629 11,468 24,097
Total for 2020 14,870 13,376 28,246

Unrestricted
funds Restricted Total
General funds funds
Note f f f
Grant funding ofactivities 29,356 46,539 75,895
Governance
costs		 2,906 2,639 5,545
Total for 2021 32,262 49,178 81,440
Total for 2020 29,315 40,631 69,946

Governance
costs
Unrestricted
funds Restricted Total
General funds funds
f f f
Audit fees
Audit ofthe financial statements 1,376 1,249 2,625
Other fees paid to auditors 1,530 1,390 2,920
Total for 2021 2,906 2,639 5,545
Totalfor 2020 2,759 2,481 5,240

Analysis ofg rants
Grants to institutions Grants to individuals
2021 2020 2021 2020
E f f f
Analysis
General Purposes 23,125 20,075 6,231 6,481
Maintenance ofthe Ministry 22,351 16,854
Church Extension 7,000 4,000
Homes for Retired Ministers 11,868 11,736
Welfare 4,000 4,000
Education 1,320 1,560
52,476 40,929 23,419 23,777

2021 2020
E f
Audit fees 2,625 2,500

10Staff costs
The aggregate
payroll costs were as follows:
2021 2020
f f
Staff costs during the year were:
Wages and salaries 19,765 19,554
Pension costs 1,976 1,955
21,741 21,509
2021 2020
No No

11Auditors'
remuneration
2021 2020
f f
Audit ofthe financial statements 2,625 2,500
Other fees to auditors
All other non-audit
services		 2,920 2,740

2021 2020
E f
2,818,601 2,528,490

Other investments
Fixed interest Managed
investments funds Total
f f
Cost orValuation
At 1January 2021 1,013,798 1,514,692 2,528,490
Revaluation 81,523 208,588 290,111
At 31December 2021 1,095,321 1,723,280 2,818,601
Net book value
At 31December 2021 1,095,321 1,723,280 2,818,601
At31December 2020 1,013,798 1,514,692 2,528,490

Analysis ofinvestments
at		 31December 2 021between funds
Unrestricted Restricted Endowment Total Funds Total Funds
Funds Funds Funds 2021 2020
f E E E E
Listed and other
investments
Fixed interest investments 294,190 229,490 571,641 1,095,321 1,013,798
Managed
funds		 527,715 411,659 783,906 1,723,280 1,514,692
821,905 641,149 1,355,547 2,818,601 2,528,490

Endowed Expendable
Units Market Units Market 4/o
Value Value
Charlnco Income Units 55354.057 101,686 3.6 82708.374 151,935 5.3
COIF Income Units 17231.700 354,394 12.6 23674.980 486,909 17.3
Charifund Units 27600.000 429,511 15.2 29074.909 452,464 16.1
COIF Ethical Investment Units 150164.920 469,956 16.7 118783.990 371,746 13.2
1,355,547 1,463,054

2021 2020
f f
Prepayments 200 200
Other debtors 41
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 40,000
57,491 57,450

15Creditors: amounts
falling due within one year
2021 2020
f f
Other taxation and social security 571
Accruals 5,743 5,478
5,743 6,049
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Unrestricted Total funds at
funds Restricted Endowment 31December
General funds funds 2021
E E E E
Fixed asset investments 821,905 641,149 1,355,547 2,818,601
Current assets 47,038 118,998 166,036
Current liabilities (5,743) (5,743)
Totalnet assets 863,200 760,147 1,355,547 2,978,894
Unrestricted Endowment Total funds at
funds Restricted funds 31December
General funds Expendable 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
18Analysis ofnet funds
At31
At 1January Financing December
2021 cash flows 2021
E E E
Cash at bank and in hand 117,446 (8,901) 108,545
Net debt 117,446 (8,901) 108,545
At 31
At 1January Financing December
2020 cash flows 2020
E E f
Cash at bank and in hand 128,040 (10,594) 117,446
Net debt 128,040 (10,594) 117,446
19Cash and cash equivalents
2021 2020
E E
Cash on hand 140 160
Cash at bank 108,405 117,286
108,545 117,446

Categorisation Categorisation offinancial instruments
2021 2020
g E
Financial assets measured at fair value through profit or loss 2,818,601 2,528,490
Financial assets that are debt instruments measured at amortised
cost 27,291 57,250
Financial liabilities measured
at amortised		 cost 5,743 6,049