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2022-12-31-accounts

Reference and administrative
details		 Reference and administrative
details
Trustees'
Report		 2to 10
Statement of Trustees' Responsibilities
Independent
Auditors'		 Report 12to 15
Statement ofFinancial Activities 16to 17
Balance Sheet 18
Notes tothe Financial Statements 19to 36

YEAR ENDED 31DECE MBER 2022
Registered charity name Unaffiliated Congregational Churches Charities
Charity number 273854
Principal office 678 Ripponden Road
Moorside
Oldham
OL4 2LP
Bankers National
Westminster		 Bank pic
16South Parade
Nottingham
NG1 2iX
Solicitors Anthony
Collins		 Solicitors
134Edmond Street
Birmingham
B33ES
Auditors Horsfield &Smith
Chartered
Accountants		 &Statutory Auditor
Tower House
269 Walmersley Road
Bury
Lancashire
BL96NX

YEAR ENDED S1DEC EMBER 2022
Unrestricted Restricted Endowment Total
funds funds funds 2022
Note E E E E
Income and Endowments from:
investment
income		 29,526 22,827 48,404 100,757
Otherincome 29,472 29,472
Totalincome 58,998 22,827 48,404 130,229
Expenditure
on:
Raising funds (14,573) (13,220) (27,793)
Charitable
activities		 (28,016) (65,990) (94,006)
Total Expenditure (42,589) P9,210) (121,799)
Net income/(expenditure) 16,409 (56,383) 48,404 8,430
Gains/losses
on investment
assets (89,458) (69,783) (144,424) (303,665)
Gross transfers between
funds (208) 48,612 (48,404)
Net movement
in funds		 (73,257) (77,554) (144,424) (295,235)
Reconciliation offunds
Total funds brought forward 863,200 760,147 1,355,547 2,978,894
Total funds carried forward 16 789,943 682,593 1,211,123 2,683,659

Total
Unrestricted Restricted Endowment 2021
Note E f E E
Income and Endowments from:
Investment
income		 2 27,538 21,473 45,502 94,513
Other income 2,387 83 2,470
Total 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

2022 2021
Note E E
Fixed assets
Investments 13 2,514,936 2,818,601
Current assets
Debtors 14 36,200 57,491
Cash at bank and in hand 19 139,220 108,545
175,420 166,036
Creditors: Amounts falling due within one year 15 (6,697) (5,743)
Net current assets 168,723 160,293
Net assets 2,683,659 2,978,894
Funds ofthe charity:
Endowment funds 1,211,123 1,355,547
Restricted income funds
Restricted funds 682,593 760,147
Unrestricted income funds
Unrestricted funds 789,943 863,200
Totalfunds 2,683,659 2,978,894

Unrestricted Endowment
funds Restricted funds Total
General
E		 funds
E		 Expendable
f		 funds
E
Interest receivable and similar
income;
Interest receivable on bank
deposits 265 265
Other income from fixed asset
investments 29,261 22,827 48,404 100,492
Totalfor2022 29,526 22,827 48,404 100,757
Total for 2021 27,538 21,473 45,502 94,513
3
Other income
Unrestricted
funds Restricted Total
General funds funds
E E
Other income 28,498 28,498
Rental income 974 974
Total for 2022 29,472 29,472
Total for2021 2,387 83 2,470

Unrestricted
funds Restricted Total
General funds funds
E E E
Staff Costs 12,124 10,681 22,805
Administrative expenses 2,449 2,539 4,988
Totalfor2022 14,573 13,220 27,793
Total for 2021 12,629 11,468 24,097

5
Expenditure
on charitable
act		 ivities
Unrestricted
funds Restdicted Total
General funds funds
Note E E E
Grant funding ofactivities 24,725 63,092 &7,817
Governance costs 3,291 2,898 6,189
Totalfor2022 28,016 65,990 94,006
Total for 2021 32,262 49,178 81,440

Governance costs
Unrestricted
funds Restricted Total
General funds funds
E E E
Audit fees
Audit ofthe financial statements 1,515 1,335 2,850
Other fees paid to auditors 1,776 1,563 3,339
Total for2022 3,291 2,898 6,189
Total for2021 2,906 2,639 5,545

Analysis of grants
Grants to institutions Grants to individuals
2022 2021 2022 2021
f f
Analysis
General Purposes 17,875 23,125 6,850 6,231
Maintenance ofthe Ministry 23,864 22,351
Church Extension 21,494 7,000
Homes for Retired Ministers 12,534 11,868
Welfare 4,360 4,000
Education 840 1,320
63,233 52,476 24,584 23,419

2022 2021
f f
2,850 2,625

10Staff costs
The aggregate
payroll costs were as follows:
2022 2021
E 6
Staff costs during the year were:
Wages and salaries 20,731 19,765
Pension costs 2,074 1,976
22,805 21,741

11Auditors'
remuneration
2022 2021
E
Audit ofthe financial statements 2,850 2,625
Other fees to auditors
All other non-audit
services		 3,339 2,920

2022 2021
E
2,514,936 2,818,601
Other investments
Fixed interest Managed
investments funds Total
6 E E
Cost orValuation
At 1January 2022 1,095,321 1,723,280 2,818,601
Revaluation (156,710) (146,955) (303,665)
At 31December 2022 938,611 1,576,325 2,514,936
Net book value
At 31December 2022 938,611 1,576,325 2,514,936
At31December 2021 1,095,321 1,723,280 2,818,601

Analysis ofinvestments
a		 t 31December 2022 between funds
Unrestricted Restricted Endowment Total Funds Total Funds
Funds Funds Funds 2022 2021
E E E
Listed and other
investments
Fixed interest investments 250,697 195,563 492,351 938,611 1,095,321
Managed funds 481,750 375,803 718,772 1,576,325 1,723,280
732,447 571,366 1,211,123 2,514,936 2,818,601

he inves tments
repre		 senting more than 5 16ofthe total value are asfollows:
Endowed Expendable
Units Market Units Market
Value Value
Chadnco Income Units 55354.057 80,779 3.2 82708.374 120,698 4.7
COIF Income Units 17231.700 313,184 12.5 23674.980 430,290 17.1
Charlfund Units 27600.000 405,588 16.1 29074.909 427,262 17.0
COIF Ethical Investment Units 150164.920 411,572 16.4 118783.990 325,563 13.0
1,211,123 1,303,813

15Creditors: amounts
falling due within one year
2022 2021
6 6
Other taxation and social security 345
Accruals 6,352 5,743
6,697 5,743
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Unrestricted Total funds at
funds Restricted Endowment 31December
General funds funds 2022
E E E
Fixed asset investments 732,447 571,366 1,211,123 2,514,936
Current assets 64,193 111,227 175,420
Current liabilities (6,697) (6,697)
Total net assets 789,943 682,593 1,211,123 2,683,659
Unrestricted Endowment Total funds at
funds Restricted funds 31December
General funds Expendable 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)
Total net assets 863,200 760,147 1,355,547 2,978,894
18Analysis ofnet funds
18Analysis ofnet funds
At 31
At1January Financing December
2022 cash flows 2022
E E
Cash at bank and in hand 108,545 30,675 139,220
Net debt 108,545 30,675 139,220
At31
At1January 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
19Cash and cash equivalents
2022 2021
E E
Cash on hand 76 140
Cash at bank 139,144 108,405
139,220 108,545

Categorisation offinancial instruments
2022 2021
6 6
Financial assets measured at fair value through profit or loss 2,514,936 2,818,601
Financial assets that are debt instruments measured at amortised
cost 30,000 57,250
Financial liabilities measured
at amortised		 cost 6,697 5,743