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2023-12-31-accounts

Reference and administrative
details
Reference and administrative
details
Trustees' Report 2 to 10
Statement ofTrustees' Responsibilities
Independent
Auditors'
Report 12to 15
Statement of Financial Activities 16to 17
Balance Sheet 18
Notes to the Financial Statements 19to 34

YEAR EN DED 31DECE MBER 2023
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 2]X
Solicitors Anthony
Collins
Solicitors
134Edmond Street
Birmingham
B33ES
Auditors Horsfield
&Smith
Chartered
Accountants
&Statutory Auditor
Tower House
269Walmersley Road
Bury
Lancashire
BL96NX

Fund Amount Amount
~ General Purposes Fund E 4,520
~ Maintenance
ofthe Ministry
Fund E 20,029
~ Ministerial
Training
Fund E 9,680
~ Church Extension Fund 6 26,585
~ Welfare Fund E 5,345
~ Homes for retired Ministers Fund E 14,013
~ Education
Fund
E 900
~ Sydney BerryTrust 5336
Total E 86408

YEAR ENDED 31DEC EMBER 2023
Unrestricted Restricted Endowment Total
Note fundsf funds
E
funds
E
2023
E
Income and Endowments from:
Investment
income
30,987 23,541 49,076 103,604
Other income 2,632 95 2,727
Total Income 33,619 23,636 49,076 106,331
Expenditure
on:
Raising funds (18,047) (16,131) (34,178)
Charitable
activities
(13,659) (79,837) (93,496)
Total Expenditure (31,706) (95,968) (127,674)
Net income/(expenditure) 1,913 (72,332) 49,076 (21,343)
Gains/losses
on investment
assets 37,147 28,977 61,007 127,131
Gross transfers
between
funds 17,792 31,284 (49,076)
Net movement
in funds
56,852 (12,071) 61,007 105,788
Reconciliation offunds
Total funds brought forward 789,943 682,593 1,211,123 2,683,659
Total funds carried forward 16 846,795 670,522 1,272,130 2,789,447

Total
Unrestricted Restricted Endowment 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) (79,210) (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
Totalfunds
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

2023 2022
Note f
Fixed assets
Investments 13 2,722,067 2,514,936
Current assets
Debtors 14 37,200 36,200
Cash at bank and in hand 19 38,867 139,220
76,067 175,420
Creditors: Amounts falling due within one year 15 (8,687) (6,697)
Net current assets 67,380 168,723
Net assets 2,789,447 2,683,659
Funds ofthe charity:
Endowment funds 1,272,130 1,211,123
Restricted income funds
Restricted funds 670,522 682,593
Unrestricted income funds
Unrestricted funds 846,795 789,943
Total funds 2,789,447 2,683,659

2
Investment
inco
me
Unrestricted Endowment
funds Restricted funds Total
General funds Expendable funds
E E E E
Interest receivable and similar
income;
Interest receivable on bank
deposits 808 808
Other income from fixed asset
investments 30,179 23,541 49,076 102,796
Total for 2023 30,987 23,541 49,076 103,604
Total for 2022 29,526 22,827 48,404 100,757

3
Other income
Unrestricted
funds Restricted Total
General funds funds
E E f
Other income 1,745 95 1,840
Rentalincome 887 887
Total for 2023 2,632 95 2,727
Tote Ifor 2022 29,472 29,472

Unrestricted
funds Restricted Total
General funds funds
E E E
Staff Costs 14,751 12,743 27,494
Administrative expenses 3,296 3,388 6,684
Total for 2023 18,047 16,131 34,178
Total for 2022 14,573 13,220 27,793

Unrestricted
funds Restricted Total
General funds funds
Note E E E
Grant funding ofactivities 9,856 76,552 86,408
Governance
costs
3,803 3,285 7,088
Total for 2023 13,659 79,837 93,496
Total for 2022 28,016 65,990 94,006

Unrestricted
funds Restricted Total
General funds funds
E E E
Audit fees
Audit ofthe financial statements 1,610 1,390 3,000
Other fees paid to auditors 2,193 1,895 4,088
Total for 2023 3,803 3,285 7,088
Total for 2022 3,291 2,898 6,189

Analysis o fg rants
Grants to institutions Grants to individuals
2023 2022 2023 2022
6 6 6 6
Analysis
General Purposes 3,345 17,875 6,511 6,850
Maintenance ofthe Ministry 20,029 23,864
Ministerial Training 4,680 5,000
Church Extension 26,585 21,494
Homes for Retired Ministers 14,013 12,534
Welfare 5,345 4,360
Education 900 840
54,639 63,233 31,769 24,584

2023 2022
6 6
Audit fees 3,000 2,850

10Staff costs
The aggregate
payroll costs were as follows:
2023 2022
E f
Staff costs during the year were:
Wages and salaries 25,159 20,731
Pension costs 2,335 2,074
27,494 22,805
was as foll ows:
2023 2022
No No

11Auditors'
remuneration
2023 2022
f
Audit ofthe financial statements 3,000 2,850
Other fees to auditors
All other non-audit
services
4,088 3,339

13Fixed asset investments 13Fixed asset investments
2023 2022
E E
Other investments 2,722,067 2,514,936
Otherinvestments
Fixed interest Managed
investments funds Total
E E E
Cost orValuation
At 1January 2023 938,611 1,576,325 2,514,936
Revaluation 78,627 48,504 127,131
Additions 40,000 40,000 80,000
At31December 2023 1,057,238 1,664,829 2,722,067
Net book value
At 31December 2023 1,057,238 1,664,829 2,722,067
At 31December 2022 938,611 1,576,325 2,514,936
Analysis ofinvestments at 31December 2023 between funds
Unrestricted Restricted Endowment Total Funds Total Funds
Funds Funds Funds 2023 2022
E E E E E
Listed and other
investments
Fixed interest
investments
293,880 229,248 534,110 1,057,238 938,611
Managed funds 520,656 406,153 738,020 1,664,829 1,576,325
814,536 635,401 1,272,130 2,722,067 2,514,936
2023 2022
E E
2,722,067 2,514,936

he inves tments
repre
senting more than 5 %ofthe total value are as follows:
Endowed Expendable
Units Market Units Market
Value Value
Charinco Income Units 55354.057 82,113 3.1 82708.374 122,691 4.4
COIF Income Units 17231.700 341,963 12.6 23674.980 469,830 17.3
Chadfund Units 27600.000 396,057 14.5 29207.441 456,977 16.8
COIF Ethical Investment Units 150164.920 451,997 16.6 133036.060 400,439 14.7
1,272,130 1,449,937

2023 2022
f f
Prepayments 200 200
Otherdebtors 1,000
Amounts falling due after more than one year: Interest in property 11,000 11,000
Amounts falling due after more than one year: Loans to churches 25,000 25,000
37,200 36,200
15Creditors: amounts
falling due within one year
2023 2022
f f
Other taxation and social security 1,685 345
Accruals 7,002 6,352
8,687 6,697

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Unrestricted Total funds at
funds Restricted Endowment 31December
General funds funds 2023
E f E E
Fixed asset investments 814,536 635,401 1,272,130 2,722,067
Current assets 40,946 35,121 76,067
Current liabilities (8,687) (8,687)
Totalnet assets 846,795 670,522 1,272,130 2,789,447
Unrestricted Endowment Total funds at
funds Restricted funds 31December
General
E
funds
f
Expendable
f
2022
f
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
18Analysis ofnet funds
At 31
At 1January Financing December
2023 cash ffows 2023
E E E
Cash at bank and in hand 139,220 (100,353) 38,867
Net debt 139,220 (100,353) 38,867
At 31
At 1January Financing December
2022 cash flows 2022
E E E
Cash at bank and in hand 108,545 30,675 139,220
Net debt 108,545 30,675 139,220
19Cash and cash equivalents
2023 2022
E
Cash on hand 61 76
Cash at bank 38,806 139,144
38,867 139,220

Categodsation Categodsation of financial instruments
2023 2022
E 6
Financial assets measured at fair value through profit or loss 2,722,067 2,514,936
Financial assets that are debt instruments measured at amortised
cost 37,000 36,000
Financial liabilities measured
at amortised
cost 8,687 6,697