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** - 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: - a) to spread the Gospel of Jesus Christ; - 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); - d) to further the spirit of unity in Jesus Christ with all other believers in him; - e) to mediate the call of God to Christian service at home and abroad whether by way of the ordained ministry or otherwise; - f) to do all such things as are necessary to the attainment of these objectives. - 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. Page 1 **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** Page 2 **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**| |---|---|---| Page 3 ## **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| |**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| Page 4 ## **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. Page 5 ## **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**| |---|---| Page 6 ## **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**| |---|---|---|---| Page 7 ## **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**| |---|---| Page 8