MANCHESTER DISTRICT ASSOCIATION OF UNITARIAN AND FREE CHRISTIAN CHURCHES INCORPORATED
REPORT AND FINANCIAL STATEMENTS for the year ended 31 December 2024
A company limited by guarantee
Company Number 1029607
MANCHESTER DISTRICT ASSOCIATION OF UNITARIAN AND FREE CHRISTIAN CHURCHES INCORPORATED
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Report of the Directors/Trustees | 2 – 4 |
| Independent Examiner’s Report to the Members | 5 |
| Financial Activities (Including Income and Expenditure Account) | 6 |
| Balance Sheet | 7 |
| Notes to the financial statements | 8-9 |
| Portfolio Movements | 10 |
| Manchester Domestic Mission Grants | 11 |
| Subscriptions from Member churches | 11 |
| MUCF, General and Leech Fund Grants | 12 |
MANCHESTER DISTRICT ASSOCIATION OF UNITARIAN AND FREE CHRISTIAN CHURCHES INCORPORATED
Legal and Administrative information
as at 31 December 2024
Status
The organisation is a charitable company limited by guarantee, incorporated on 3[rd] November 1971. It is registered as a charity (no. 503753). It was granted Trust Corporation status on 18[th] January 1973. The company was established under a Memorandum of Association that established the objects and powers of the charitable company and is governed by its Articles of Association.
Directors/Trustees
The following served as directors from 1 January 2024 (or from date of appointment) to the date of this report:
Geoffrey Levermore Vince McCully Laura Mary Dobson Jeffrey Gould Rev. Christopher Cody Coyne Mark Pearce Rev. Daniel Crosby
The directors are those members of the parallel unincorporated association who are also members of the company.
Registered Office
Cross Street Unitarian Chapel, Cross Street, Manchester, M2 1NL
Bankers
CAF Bank, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ
Solicitors
Weightmans LLP, Pall Mall Court, 61-67 King Street, Manchester, M2 4PD
Independent Examiner
David Allen of Allen Mills Howard Limited, Chartered Accountants, Lewis House, 56 Manchester Road, Altrincham, Cheshire WA14 4PJ
Investment Manager
Newton Investment Management Limited,
Mellon Financial Centre,160 Queen Victoria Street, London, EC4V 4LA
Page 1
MANCHESTER DISTRICT ASSOCIATION OF UNITARIAN AND FREE CHRISTIAN CHURCHES INCORPORATED
Report of the Directors/Trustees
for the year ended 31 December 2024
Report of the Directors/Trustees for the year ended 31st December 2024
The directors present their report, with the financial statements of the company, for the year ended 31st December 2024.
1. Structure and objects of the company and its constituent trusts.
The company, which is limited by guarantee, whose registered number under the Companies Acts is 1029607, administers and accounts as sole trustee for four charities: General Fund. (Charity Commission number 503753).
Manchester Unitarian Congregational Fund. (Charity Commission number1032203) Manchester Domestic Mission Society Fund. (Charity Commission number 253233) Leech Fund.
By virtue of its status as a Trust Corporation, it acts as sole trustee of seven churches in the Manchester District; of the Provincial Assembly of Lancashire and Cheshire; it is custodian trustee for another church, and with other trustees is a trustee of two further churches.
2. Public Benefit Statement
The Trustees take into account the Charity Commission guidance on public benefit and believe that the activities of the Trusts are in line with that guidance
3. Origin and objects of the funds
(a) The General Fund is derived from legacies, sale of Unitarian properties in the Manchester District and other funds which have been vested in it.
(b) The Manchester Unitarian Congregational Fund was created by the amalgamation of seven existing charities, the assets arising on the closure of a church, a grant from the Trustees of Flagg Chapel and the consideration for the release of a covenant on land formerly belonging to Swinton Church
The clear income from both these funds is to be applied “towards the upkeep, repair and improvement of churches whose congregations are members of the Manchester District Association, and in and towards the maintenance of services and otherwise furthering the religious, educational and charitable work of the Association”.
(c) The object of the Manchester Domestic Mission Society Fund is “the diffusion of religious and other elevating influences, by Ministry among the poor in Manchester”. In the 19th century the Society employed a missioner and set up schools. Nowadays grants are made to charities that operate in deprived parts of Greater Manchester.
(d) The Leech Fund was set up for the benefit of Ministers in the counties of Northumberland, Lancashire and Cheshire. In practice, it makes grants to ministers and students for the provision of books.
The company invests the financial assets of these Funds in stock exchange securities and deposits at interest.
Page2
MANCHESTER DISTRICT ASSOCIATION OF UNITARIAN AND FREE CHRISTIAN CHURCHES INCORPORATED
Report of the Directors/Trustees - continued
for the year ended 31 December 2024
4. Organisational and decision-making structure
The Executive Committee consists of the President, Treasurer, General Secretary and up to ten other members. Members other than the officers serve for three years. They are elected at the Annual General Meeting of the Unincorporated Association and meet four times a year, to decide policy, receive reports, and authorise grants. All are unpaid.
The Company is associated with twelve Unitarian churches in the Manchester area which send delegates, two per church plus its minister, to meetings of the parallel Unincorporated Association which also meets four times a year. That body, to which the Executive Committee reports, discusses matters of general interest and aims to support the constituent churches in their religious and social activities. It publishes a quarterly magazine, The Unitarian, which is available as a pdf on their website, www.unitariansmda.org.uk
5. Association with related parties, charities etc.
The charity is associated with the General Assembly of Unitarian and Free Christian Churches, which is the national body, in the United Kingdom, for Unitarians. It is not financially connected. The Association is also represented on Manchester Council of Christians and Jews, and the Standing Advisory Council on Religious Education (SACRE) for East Cheshire and Manchester.
6. Review of activities
-
(a) The General Fund provided for the administration costs and independent examination of the Company. The Fund generated net outgoing resources of £21,105 (2023–outgoing resources £53,007). After the unrealised increase in the value of investment assets of £46,193, (2023 - increase £35,648), the value of the Fund increased by £25,088 (2023 – decrease £17,359) in the year.
-
(b) The Manchester Unitarian Congregational Fund assisted, to the extent of £29,037 (2023 - £21,000), in the provision of support for the stipends of five ministers. Grants and donations amounted to £33,265 (2023 - £44,286). Expenditure in the year exceeded income by £38,708 (2023 –excess of expenditure £20,416). After taking account of the unrealised gain on investment assets of £65,188 (2023 – gain £50,307) the Fund increased in value by £26,480 (2023 – increase £29,891) in the year.
-
(c) The Manchester Domestic Mission Society Fund provided grants of £10,000 (2023 - £14,000) to charities which assist and advise persons resident in deprived parts of the City. Income exceeded expenditure by £200 (2023 - excess of expenditure of £3,680). The unrealised gain in the value of investment assets amounted to £28,182 (2022 – gain £21,748) which resulted in an increased value of the Fund of £28,382 (2023 – increase £18,068).
-
(d) The Leech Fund made grants of £558 in the year (2023 - £57).There was a net deficit of £329 (2023 - surplus of £205). There was an unrealised gain in the value of investment assets of £715 (2023 -gain £552), leading to a increase in the Fund of £386 (2023 - increase £757).
-
(e) The Association does not undertake fund raising activities.
Page 3
MANCHESTER DISTRICT ASSOCIATION OF UNITARIAN AND FREE CHRISTIAN CHURCHES INCORPORATED
Report of the Trustees - continued
for the year ended 31 December 2024
7. Statement concerning major risks
The main risk to the assets of the charity derives from the uncertain world economic situation and any adverse effect this could have on the capital value of its investments and of the income derived from them.
8. Grant-making policy
The General Fund makes grants for building improvements, surveys of its constituent churches and support of special initiatives regarding the finance of ministry.
The Manchester Unitarian Congregational Fund makes grants in aid of the stipends of ministers and for the repair and maintenance of church buildings. Donations are made, mainly to national Unitarian bodies. Grants are considered by the executive committee on their merits, and within the income of the Fund, taking one year with another.
Grants from the Manchester Domestic Mission Society Fund are recommended by the council committee. Its members actively monitor and visit the charities to which the grants are made. Grants from this Fund are intended to improve the lot of the poorer and more disadvantaged residents of Greater Manchester.
The Leech Fund makes grants to students or ministers for the purchase of books.
9. Directors’ responsibility for financial statements
Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.
In preparing those financial statements, the directors are required to select suitable accounting policies and then apply them consistently; make judgments and estimates that are reasonable and prudent; prepare the financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding of the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
10. Independent Examiner
The Independent Examiner, David Allen of Allen Mills Howard Limited, Chartered Accountants, will be proposed for appointment at the annual general meeting.
On behalf of the board, October 2025
Page 4
Manchester District Association of Unitarian and Free Christian Churches Incorporated
Independent Examiner’s Report to the Members for the year ended 31 December 2024
I report on the Financial Statements of the company for the year ended 31[st] December 2024. The statements include the financial activities of the following funds:
General Fund Charity Number 0503753 Manchester Unitarian Congregational Fund Charity Number 1032203 Manchester Domestic Mission Society Fund Charity Number 0253233
Respective responsibilities of trustees and the examiner.
As the charity's trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 144(2) of the Charities Act 2011 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section145 (5)(b) of the Act, whether particular matters have come to my attention.
Basis of the independent examiner’s report.
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement.
In connection with our examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements
(a) to keep accounting records in accordance with section 130 of the Act; and
(b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
David Allen FCA FCCA Allen Mills Howard Limited Chartered Accountants Lewis House 56 Manchester Road Altrincham Cheshire, WA14 4PJ
Date:
Page 5
MANCHESTER DISTRICT ASSOCIATION OF UNITARIAN AND FREE CHRISTIAN CHURCHES INCORPORATED
Financial Activities (Including Income and Expenditure Account)
for the year ended 31 December 2024
| Note Incoming Resources Gain(Loss) on sale of shares Interest received Subscriptions from member churches Investment Income 5 Total Incoming Resources Resources Expended Grants and Stipends Administration Total Resources Expended Net Incoming Resources 6 (Decrease)/Increase in value of Investment Net Movement in Funds Funds 1st January 2024 Funds 31st December 2024 |
General MUC MDMS Leech Total Total Fund Fund Fund Fund 2024 2023 £ £ £ £ £ £ 3,610 - - - 3,610 (8,768) 90 90 79 950 - - - 950 300 16,718 23,594 10,200 259 50,771 51,367 |
|---|---|
| 21,368 23,594 10,200 259 55,421 42,978 |
|
| - 62,302 10,000 588 72,890 79,343 42,473 - - - 42,473 40,533 |
|
| 42,473 62,302 10,000 588 115,363 119,876 |
|
| (21,105) (38,708) 200 (329) (59,942) (76,898) 46,193 65,188 28,182 715 140,278 108,255 |
|
| 25,088 26,480 28,382 386 80,336 31,357 750,311 1,323,773 405,364 11,563 2,491,011 2,459,654 |
|
| 775,399 1,350,253 433,746 11,949 2,571,347 2,491,011 |
Page 6
MANCHESTER DISTRICT ASSOCIATION OF UNITARIAN AND FREE CHRISTIAN CHURCHES INCORPORATED Balance Sheet at 31 December 2024
| Fixed Assets Investments Loans Current Assets Debtors Cash at bank Less Liabilities falling due within one year Net current assets Total net assets Unrestricted Funds General Fund Manchester Unitarian Congregational Fund Manchester Domestic Mission Society Fund Leech Fund |
Notes 2 3 4 |
2024 2023 £ £ 2,522,148 2,428,261 18,780 19,980 |
|---|---|---|
| 2,540,928 2,448,241 |
||
| - - 36,512 48,863 (6,093) (6,093) |
||
| 30,419 42,770 |
||
| 2,571,347 2,491,011 |
||
| 775,399 750,311 1,350,253 1,323,773 433,746 405,364 11,949 11,563 |
||
| 2,571,347 2,491,011 |
For the year ended 31st December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.The members have not required the company to obtain an audit of its accounts for the year in question in accordance
with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to (1) accounting records and (2) preparing accounts which give a true and fair view of the state of affairs of the company as at the end of and its profit and loss for the financial year and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as applicable to the company.
These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies’ regime.
These accounts were approved by the Directors on October 2025 and were signed on their behalf by:
– Director
– Director
Page 7
MANCHESTER DISTRICT ASSOCIATION OF UNITARIAN AND FREE CHRISTIAN CHURCHES INCORPORATED
Notes forming part of the Financial Statements
for the year ended 31 December 2024
1. Accounting Policies
(a) The financial statements have been prepared under the historical cost convention, as modified by the inclusion of fixed asset investments at market value, and in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", the Companies Act 2006 and follow the recommendations in Charities SORP (FRS102) applicable for accounting periods commencing on or after 1 January 2016.
(b) Listed investments are included in the balance sheet at their middle market value at the accounting date.
(c) Grants and donations receivable and payable are accounted for when received or paid by the charity.
(d) Dividends and interest on securities and bank deposits are brought into account when received by the charity or its investment manager.
2. Investments
Opening balance 2,428,261 2,378,774 Add acquisitions in the year, at cost - - Less sales receipts in year (50,000) (50,000) 2,378,261 2,328,774 Add realised profit/ (loss) on Sales 3,610 (8,768) 2,381,871 2,320,006 Add Increase in value of investment 140,277 108,255 Closing balance £2,522,148 £2,428,261
3. Unsecured loans
Oldham £ Balance outstanding at 1[st] January 2024 19,980 Less repayments (1,200) Balance outstanding at 31[st] December 2024 £18,780
Page 8
MANCHESTER DISTRICT ASSOCIATION OF UNITARIAN AND FREE CHRISTIAN
CHURCHES INCORPORATED
Notes forming part of the Financial Statements (Continued)
for the year ended 31 December 2024
4. Liabilities falling due within one year. 2024 2023 £ £ General Creditors 3,213 3,213 Independent Examiner’s fee 2,880 2,880 £6,093 £6,093
5. Investment Income
Investments 2024 2023 £ £ £ General Fund 16,718 16,718 16,915 MUC Fund 23,594 23,594 23,870 MDMS Fund 10,200 10,200 10,320 Leech Fund 259 259 262 £50,771 £50,771 £51,367
6. Net Incoming Resources for the year are stated after charging:
7. Staff costs and numbers
The average number of employees during the year was 1 (2023 - 1).
8. Taxation
The charitable company is exempt from corporation tax on its charitable activities.
9. Analysis of net assets between funds:
Debtors Investments Loans Cash at bank Current liabilities |
General Fund £ - 698,679 18,780 64,033 (6,093) |
MUC Fund £ - 1,407,459 - (57,206) - |
MDMS Fund £ - 405,840 - 27,906 - |
Leech Fund £ - 10,170 - 1,779 - |
Total Funds £ - 2,522,148 18,780 36,512 (6,093) - £2,571,347 |
|
|---|---|---|---|---|---|---|
| **£775,399 ** | **£1,350,253 ** | £433,746 | £11,949 |
Page 9
MANCHESTER DISTRICT ASSOCIATION OF UNITARIAN AND FREE CHRISTIAN CHURCHES INCORPORATED
Notes forming part of the financial statements (Continued)
for the year ended 31 December 2024
Portfolio Movements in the twelve months to 31[st] December 2024
| Stock Quantity 31.12.24 Equities Sustainable Real Return Fund 284,112 Global Income Fund Newton 100,833 Overseas Growth and Income Fund 712,769 SRI Fund for Charities 295,550 Total Investments |
Cost Value £ 310,320 150,000 460,320 560,233 287,237 847,470 1,307,790 |
Market Value 31.12.23 £ 344,167 298,649 642,816 1,179,489 559,565 1,739,054 2,381,870 |
Market (Decrease)/ Value Increase in 31.12.24 value £ £ 356,760 12,593 312,624 13,975 669,384 26,568 1,263,525 84,036 589,239 29,674 1,852,764 113,710 2,522,148 140,278 |
|---|---|---|---|
Page 10
MANCHESTER DISTRICT ASSOCIATION OF UNITARIAN AND FREE CHRISTIAN CHURCHES INCORPORATED
Manchester Domestic Mission Grants and Subscriptions from member churches
for the year ended 31 December 2024
| Manchester Domestic Mission Grants Barlow Moor Community Assoc. Oldham Unity Destitution Contact Tree of Life Centre Wythenshawe Oldham UK Education and Faith Foundation Coffee 4 Craig Emmeline’s Pantry Time Out Group NW Subscriptions from Member Churches Brook Street Chorlton Dean Row Dunham Road Other |
2024 £ 2,000 - 2,000 2,000 - 2,000 2,000 - 10,000 200 200 200 100 250 950 |
2023 £ 2,000 2,000 - 2,000 2,000 2,000 2,000 2,000 14,000 200 100 - - - 300 |
|---|---|---|
Page11
MANCHESTER DISTRICT ASSOCIATION OF UNITARIAN AND FREE CHRISTIAN CHURCHES INCORPORATED
Stipend and Other Grants
for the year ended 31 December 2024
| Manchester Unitarian Congregational Fund Stipend Grants Knutsford Monton Macclesfield Urmston Chorlton Oldham Other Grants (incl Covid 19 Grants) Monton (refund) Ministers’ Resilience Fund Chorlton Chorlton Transformers Oldham Knutsford Urmston Dunham Road Norcliffe Rivington Dean Row Hale Cross Street Chapel Cork Brookfield Chapel Knutsford Student Placement Worship Miscellaneous Macclesfield Total Congregational Fund Grants Donations Leech Fund Book grants Total grants and donations |
2024 £ 2,537 6,000 - 12,500 6,000 2,000 29,037 (5,500) 10,000 9,672 - - 500 6,000 - - 1,500 - 10,268 - 500 - - 325 - - 33,265 62,302 - 588 - 62,890 |
2023 £ - 6,000 - 5,000 5,000 5,000 |
|---|---|---|
| 21,000 | ||
| 1,115 - 6,000 7,096 2,000 2,000 2,000 2,000 3,825 2,000 2,780 2,000 2,000 - 2,000 4,000 - 570 2,900 |
||
| 44,286 | ||
| 65,286 | ||
| - | ||
| 57 | ||
| - | ||
| 65,343 |
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