2022-12-31-accounts - Congregational Federation (North West Area)

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NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDEK4TION ACCOUNTS YEAR ENDED 31 DECEMBER 2022 RECJISTERED CHARITY NUMBER 516711

NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION

YEAR ENDED 31 DECEMBER 2022

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 2022 are:

Elizabeth Mary Dean Peter Butler Foday Yusufu Kamara David William Lampard James Reygan 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 2022

TRUSTEES REPORT

The trustees present their report and the accounts for the year ended 31 December 2022

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 2022

TRUSTEES REPORT

During the year the Charity has made grants to the following churches:-

----- Start of picture text -----
£ £
-
Other Grants
Congregational Federation Mission & Ministry Grant
Student Grants 5,000
Other Grants - 4,000
9,000
Total Grants 9,000
----- End of picture text -----

Page 3

NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION

YEAR ENDED 31 DECEMBER 2022

RECEIPTS AND PAYMENTS ACCOUNT

INCOMING RESOURCES
Dividends & Interest on Investments
Bank Interest
Surplus on Sale of Investments
Donations / Affiliation Fees
NW Preachers
Walkdens Stipend Cont
Other Income
Funds Distribution rec'd from Nottingham
Total incoming resources
RESOURCES EXPENDED
Direct charitable expenditure
Grants
Donations + M&M Donation
Administrative expenses
Insurance
Pensions
Training
Expenses
Postage & Telephone
Printing & Stationery
Hospitality
Accountancy
Computer - Zoom
Speakers & Travelling
Stipend
Sundry Expenses
Tax/NI Contributions
ACAT Membership subscription
Year Books
Honorarium
Total resources expended
NET INCOMING / (OUTGOING) RESOURCES
before transfers
Gross transfers between funds
Net incoming / (outgoing) resources
before other recognised gains & losses
Other recognised gains / losses
Unrealised gains and Losses on Investment assets
Net movement in funds
Total funds brought forward
In year adj to clear bal on Area Preachers Assoc. Funds
TOTAL FUNDS CARRIED FORWARD

£
£
£
£
£
£
2022
2021
7,676
1,039
8,715
9,090
391
-
391
8
-
-
-
-
1,690
-
1,690
1,711
-
-
-
-
-
-
-
-
398
-
398
-
-
19,624
19,624
20,618
10,155
20,663
30,818
31,427
9,000
-
9,000
44,326
7,470
-
-
7,470
12,914
16,470
-
16,470
57,240
499
-
499
509
966
370
1,336
2,475
-
-
-
488
-
-
-
-
-
-
-
87
-
-
-
101
620
-
620
300
680
-
680
680
-
-
-
144
-
-
-
-
-
2,712
2,712
16,440
2,118
-
2,118
1,309
-
588
588
3,535
10
-
10
10
-
-
-
-
600
-
600
600
5,494
3,669
9,163
26,679
21,964
3,669
25,633
83,919
(11,809)
16,994
5,184
(52,492)
(8,806)
8806
0
0
(20,615)
25,799
5,184
(52,492)
(25,944)
(5,109)
(31,052)
30,483
343,873
54,875
398,748
420,758

421
421
-
297,735
75,564
373,300
398,748
Unrestricted
Restricted
Total

Page 4

NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION

YEAR ENDED 31 DECEMBER 2022

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 £ £ 269,685 31,795 269,685 31,795 13,603 40,769 14,449 28,052 40,769 - - 28,052 40,769 297,735 72,564	Total £ 2022 301,481 301,481 54,372 14,449 68,821 - 68,821 370,300 297,735 72,564 370,300	Total £ 2021 332,531 332,531 52,673 14,449 67,122 906 - 66,216 398,748 343,873 54,875 398,748

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 2022

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
01.01.2022
31.12.2022
4,290
80,440
(4,480)
75,960
65,551
(3,190)
62,361
123
4,828
(610)
4,218
1,836
69,481
(8,077)
61,404
580
17,761
(3,652)
14,109
43
1,677
(212)
1,465
19,650
(956)
18,694
-
5,628
(1,157)
4,471
124
4889
-618
4,271
680
25724
(2,991)
22,733
7,676
295,627
(25,944)
-
269,685
10
306
(63)
242
-
249
9,413
(1,094)
8,319
87
3,426
(433)
2,993
198
6,051
(1,244)
4,807
-
370
14019
(1,630)
12,389
125
3690
(645)
3,045
1,039
36,904
(5,109)
-
31,795
332,531
31,052
-
301,481

Page 6

NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION

YEAR ENDED 31 DECEMBER 2022

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 Bretherton cc Knowle Green Timperly Eccles CC	Opening Loans Balance Made 01.01.2022 7,000 - 4,000 - 2,250 - 1,199 - 14,449 -	2022 101 20,284 21,330 9,478 6,179 57,372 Loans Repaid - - - -	2021 119 19,011 19,371 8,585 5,587 52,673 Closing Balance 31.12.2022 7,000 4,000 2,250 1,199 14,449

Page 7

NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION

YEAR ENDED 31 DECEMBER 2022

4 Movement in Funds

Unrestricted funds Administration Chapel St Mission & Ministry NW Area Projects Thornset Ministry Loans - NW Area Projects	Transfers Balance Incoming Resources Gains and Funds on between 01.01.2022 Resources Expended losses Loan to funds Churches £ £ £ £ £ £ -28523.47 0.00 -3027.63 0.00 31551.10 57,882.02 42.65 0.00 -2,325.31 0.00 -22,689.20 1,690.00 -5,970.00 0.00 26969.20 285,127.90 7,529.52 -12,966.24 -20,009.92 14449 -66905.42 37,627.59 892.48 0.00 -3,608.41 -	Balance 31.12.22 £ 0.00 55599.36 0.00 207224.84 34911.66

Unrestricted Funds Total	329,424.84 10,154.65 (21,963.87) (25,943.64) 14449 -8385.12	297,735.86
Restricted funds Area Ministry Needy churches - Jessie Gibson Lancs area ministry & future church finance - Irlams Capital Investment fund - Littlemoo	-21760.73 19624.43 -6669.34 0 8,805.64 450.17 10.04 0 -63.12 - 53,958.77 533.52 0.00 -2,771.29 - 22,226.52 495.05 0.00 -2,274.34 -	0.00 397.09 51,721.00 0.00 20,447.23
	54,874.73 20,663.04 -6669.34 (5,108.75) - 8,805.64	72,564.32

Restricted Funds Total 31.12.2021		72,564.32
TOTAL FUNDS	384,299.57 30,817.69 -28633.21 (31,052.39) 14449.00 420.52	370,300.18
5 CREDITORS
Funds held for NW Area Preachers Assoc	906.22 0.00 -485.70 (420.52)	-

Page 8

NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDEK4TION ACCOUNTS YEAR ENDED 31 DECEMBER 2022 RECJISTERED CHARITY NUMBER 516711

NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION

YEAR ENDED 31 DECEMBER 2022

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 2022 are:

Elizabeth Mary Dean Peter Butler Foday Yusufu Kamara David William Lampard James Reygan 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 2022

TRUSTEES REPORT

The trustees present their report and the accounts for the year ended 31 December 2022

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 2022

TRUSTEES REPORT

During the year the Charity has made grants to the following churches:-

Page 3

NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION

YEAR ENDED 31 DECEMBER 2022

RECEIPTS AND PAYMENTS ACCOUNT

Page 4

NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION

YEAR ENDED 31 DECEMBER 2022

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 £ £ 269,685 31,795 269,685 31,795 13,603 40,769 14,449 28,052 40,769 - - 28,052 40,769 297,735 72,564	Total £ 2022 301,481 301,481 54,372 14,449 68,821 - 68,821 370,300 297,735 72,564 370,300	Total £ 2021 332,531 332,531 52,673 14,449 67,122 906 - 66,216 398,748 343,873 54,875 398,748

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 2022

NOTES TO THE ACCOUNTS

1 Investments

Page 6

NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION

YEAR ENDED 31 DECEMBER 2022

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 Bretherton cc Knowle Green Timperly Eccles CC	Opening Loans Balance Made 01.01.2022 7,000 - 4,000 - 2,250 - 1,199 - 14,449 -	2022 101 20,284 21,330 9,478 6,179 57,372 Loans Repaid - - - -	2021 119 19,011 19,371 8,585 5,587 52,673 Closing Balance 31.12.2022 7,000 4,000 2,250 1,199 14,449

Page 7

NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION

YEAR ENDED 31 DECEMBER 2022

4 Movement in Funds

Unrestricted funds Administration Chapel St Mission & Ministry NW Area Projects Thornset Ministry Loans - NW Area Projects	Transfers Balance Incoming Resources Gains and Funds on between 01.01.2022 Resources Expended losses Loan to funds Churches £ £ £ £ £ £ -28523.47 0.00 -3027.63 0.00 31551.10 57,882.02 42.65 0.00 -2,325.31 0.00 -22,689.20 1,690.00 -5,970.00 0.00 26969.20 285,127.90 7,529.52 -12,966.24 -20,009.92 14449 -66905.42 37,627.59 892.48 0.00 -3,608.41 -	Balance 31.12.22 £ 0.00 55599.36 0.00 207224.84 34911.66

Unrestricted Funds Total	329,424.84 10,154.65 (21,963.87) (25,943.64) 14449 -8385.12	297,735.86
Restricted funds Area Ministry Needy churches - Jessie Gibson Lancs area ministry & future church finance - Irlams Capital Investment fund - Littlemoo	-21760.73 19624.43 -6669.34 0 8,805.64 450.17 10.04 0 -63.12 - 53,958.77 533.52 0.00 -2,771.29 - 22,226.52 495.05 0.00 -2,274.34 -	0.00 397.09 51,721.00 0.00 20,447.23
	54,874.73 20,663.04 -6669.34 (5,108.75) - 8,805.64	72,564.32

Restricted Funds Total 31.12.2021		72,564.32
TOTAL FUNDS	384,299.57 30,817.69 -28633.21 (31,052.39) 14449.00 420.52	370,300.18
5 CREDITORS
Funds held for NW Area Preachers Assoc	906.22 0.00 -485.70 (420.52)	-

Page 8