NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDEK4TION ACCOUNTS YEAR ENDED 31 DECEMBER 2020 RECJISTERED CHARITY NUMBER 516711
NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION
YEAR ENDED 31 DECEMBER 2020
CHARITY INFORMATION
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1/. The Charity is governed by the constitution adopted the NW Area Assembly. The objectives are stated as the advancement of the Christian Faith and in furtherance thereof:
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a) to spread the Gospel of Jesus Christ;
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b) to encourage congregations of believers in local places to maintain corporate worship in free assembly alike in consecrated buildings and in homes of the people; c) to spread the knowledge of Jesus Christ throughout the world, principally through the agency of such bodies as the Council for World Mission (CWM);
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d) to further the spirit of unity in Jesus Christ with all other believers in him;
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e) to mediate the call of God to Christian service at home and abroad whether by way of the ordained ministry or otherwise;
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f) to do all such things as are necessary to the attainment of these objectives.
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2/. The Trustees of the Charity during 2020 are:
Liz Dean Peter Butler Stuart Murray Frank Wroe Chris Okpoti Angela Robinson Alan Kennedy George Crossley
- 3/. The Charity mainly supports Congregational Churches in the following areas.
CHESHIRE GREATER MANCHESTER CUMBRIA LANCASHIRE DERBYSHIRE (High Peak) MERSEYSIDE
- 4/. The Charity makes Loans and Grants to Congregational Churches in the above areas and supports training and other causes commensurate with the object of the Charity outlined in 1/. above.
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NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION
YEAR ENDED 31 DECEMBER 2020
TRUSTEES REPORT
The trustees present their report and the accounts for the year ended 31 December 2020
Summary of activities
The Trustees have continued to support Congregational Churches and good causes.
Development and future plans
There are no immediate plans to alter the way in which the Charity is run nor the way in which the income is expended.
Summary of Results
The Trustees are satisfied with the Charity's affairs.
) Chairman ) Secretary ) Treasurer
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NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION
YEAR ENDED 31 DECEMBER 2020
TRUSTEES REPORT
During the year the Charity has made grants to the following churches:-
| Other Grants Congregational Federation Mission & Ministry Grant Student Grants Other Grants - Less adjustment Chinley 2019 chq not cashed Total Grants |
£ 850 28,800 1,000 - |
£ - 28,650 28,650 |
|---|---|---|
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NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION
YEAR ENDED 31 DECEMBER 2020
RECEIPTS AND PAYMENTS ACCOUNT
| Unrestricted | Unrestricted | Restricted | Restricted | Total | ||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | |
| 2020 | 2019 | |||||
| INCOMING RESOURCES | ||||||
| Dividends & Interest on Investments | 8,444 | 1,048 | 9,493 | 11,189 | ||
| Bank Interest | 162 | - | 162 | 487 | ||
| Surplus on Sale of Investments | - | - | - | - | ||
| Donations / Affiliation Fees | 3,315 | - | 3,315 | 3,351 | ||
| NW Preachers | - | - | - | - | ||
| Walkdens Stipend Cont | - | - | - | - | ||
| Loan Interest | - | - | - | - | ||
| Funds Distribution rec'd from Nottingham | - | 21,000 | 21,000 | 17,000 | ||
| Total incoming resources RESOURCES EXPENDED Direct charitable expenditure Grants Donations + M&M Donation |
28,650 2,500 |
11,921 | - | 22,048 - - |
33,969 28,650 2,500 |
32,027 15,170 - |
| Administrative expenses Insurance Pensions Pension Arrears Ministers Conference Postage & Telephone Printing & Stationery Hospitality Accountancy Equipment renewals & repairs Speakers & Travelling Stipend Sundry Expenses Tax/NI Contributions ACAT Membership subscription Year Books Honorarium |
497 1,870 - - - - - 680 - 174 - 120 - 10 175 600 |
31,150 | - 877 - - - - - - - - 16,112 1,195 3,513 - - - |
- | 31,150 497 2,748 - - - - - 680 - 174 16,112 1,315 3,513 10 175 600 |
15,170 491 2,622 - - 75 23 555 672 - 327 15,756 3,525 3,455 - - 600 |
| 4,127 | 21,697 | 25,824 | 28,101 | |||
| Total resources expended | 35,277 | 21,697 | 56,974 | 43,271 | ||
| NET INCOMING / (OUTGOING) RESOURCES before transfers Gross transfers between funds |
(23,356) - |
351 0 |
(23,005) 0 |
(11,244) 0 |
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| Net incoming / (outgoing) resources before other recognised gains & losses Other recognised gains / losses Unrealised gains and Losses on Investment assets |
(23,356) (13,494) |
351 1,722 |
(23,005) (11,772) |
(11,244) 38,120 |
||
| Net movement in funds Total funds brought forward Less prior yr adj to Funds held on behalf of NW Preachers |
Assoc | 404,635 - |
50,900 | 455,535 - |
428,659 - |
|
| TOTAL FUNDS CARRIED FORWARD | 367,785 | 52,973 | 420,758 | 455,535 |
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NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION
YEAR ENDED 31 DECEMBER 2020
STATEMENT OF ASSETS AND LIABILITIES
| Note FIXED ASSETS Total Investments 1 CURRENT ASSETS Cash at Bank and in Hand 2 Debtors - Loans outstanding 3 CREDITORS Funds held for NW Preachers Assoc 5 NET CURRENT ASSETS NET ASSETS FUNDS Unrestricted funds 4 Restricted funds 4 TOTAL FUNDS ) Trustee |
Unrestricted Restricted £ £ 267,138 34,911 267,138 34,911 94,106 18,058 7,449 101,555 18,058 (906) - 100,649 18,058 367,785 52,973 |
Total £ 2020 302,049 302,049 112,165 7,449 119,614 (906) 118,708 420,758 367,785 52,973 420,758 |
Total £ 2019 313,820 313,820 135,220 7,449 142,669 956 - 141,713 455,535 404,635 50,898 455,534 |
|---|---|---|---|
The notes on pages 6 , 7, & 8 form part of these accounts.
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NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION
YEAR ENDED 31 DECEMBER 2020
NOTES TO THE ACCOUNTS
1 Investments
| NW AREA M & G Investments Charifund IM CAF Investment Fund COIF Charities Fixed Interest Fund COIF Charities Investment Fund BlackRock - BLK Charities UK Bond Fund A Inc CHAPEL ST COIF Charities Fixed Interest Fund CAF UK Equity Growth Fund BlackRock - BLK Charities UK Bond Fund A Inc THORNSETT COIF Charities Fixed Interest Fund COIF Charities Investment Fund Sub-total Unrestricted Investments JESSIE GIBSON BlackRock - BLK Charities UK Bond Fund A Inc IRLAMS COIF Charities Investment Fund COIF Charities Fixed Interest Fund BlackRock - BLK Charities UK Bond Fund A Inc LITTLEMOOR COIF Charities Investment Fund CAF Bond Income Fund Restricted Investment funds TOTAL INVESTMENTS |
Dividend/Intere Opening Change in Disposals Closing received Balance Value Balance 01.01.2020 31.12.2020 3,463 85,841 (14,893) 70,948 1,163 61,875 (3,875) 58,000 162 5,000 180 5,180 1,754 57,145 3,792 60,937 613 18,428 619 19,047 56 1,737 62 1,799 349 18,547 (1,161) 17,386 72 5,840 196 6,036 164 5062 182 5,244 649 21157 1,404 22,561 8,444 280,631 (13,494) - 267,138 11 318 11 328 - 238 7,740 514 8,254 115 3,548 128 3,676 209 6,279 211 6,490 - 354 11529 765 12,294 123 3776 94 3,870 1,048 33,189 1,722 - 34,911 313,820 11,772 - 302,049 |
|---|---|
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NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION
YEAR ENDED 31 DECEMBER 2020
NOTES TO THE ACCOUNTS cont.
| 2 Cash at Bank Royal Bank Scotland Royal Bank of Scotland - Special Interest bearing A/c COIF - NW Area Deposit A/c COIF - Thornsett Deposit A/c COIF - NW Area Projects Deposit A/c 3 Loans Knowle Green Timperly Eccles CC |
Opening Loans Balance Made 01.01.2020 4,000 - 2,250 - 1,199 - 7,449 - |
2020 130 81,568 17,443 7,782 5,243 112,165 Loans Repaid - - - - |
2019 (971) 108,878 15,527 6,950 4,836 135,220 Closing Balance 31.12.2020 4,000 2,250 1,199 7,449 |
|---|---|---|---|
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NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION
YEAR ENDED 31 DECEMBER 2020
4 Movement in Funds
| Unrestricted funds Administration Chapel St Mission & Ministry NW Area Projects Thornset Ministry NW Area Preachers Assoc Loans To Churches Unrestricted Funds Total Restricted funds Area Ministry Needy churches - Jessie Gibson Lancs area ministry & future church finance - Irlams Capital Investment fund - Littlemoor Restricted Funds Total 31.12.2020 TOTAL FUNDS 5 CREDITORS Funds held for NW Area Preachers Assoc |
Transfers Balance Incoming Resources Gains and between Balance 01.01.2020 Resources Expended losses funds 31.12.20 £ £ £ £ £ £ -24800.8 785.00 -2256.72 0.00 0.00 -26,272.52 56,320.79 476.31 0.00 -902.62 0.00 55,894.48 -14,634.72 2,530.00 0.00 0.00 - -12104.72 348,702.76 7,297.89 -33,020.47 -14,177.23 0.00 308,802.95 31,598.32 831.84 0.00 1,586.12 - 34,016.28 0.00 0.00 0.00 0.00 - - 7,449.00 0.00 7,449.00 404,635.35 11,921.04 (35,277.19) (13,493.73) 0.00 367,785.47 -19958.51 21000 -21697.12 0 - -20,655.63 442.37 10.58 0 10.7 - 463.65 51,534.73 561.08 0.00 852.21 - 52,948.02 0.00 18,879.68 476.70 0.00 859.12 - 20,215.50 50,898.27 22,048.36 -21697.12 1,722.03 52,972.54 52,972.54 455,533.62 33,969.40 -56974.31 (11,771.70) 0.00 420,758.01 956.48 0 -50.26 - 906.22 |
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