## **NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION**
## **ACCOUNTS**
## **YEAR ENDED 31 DECEMBER 2023**
REGISTERED CHARITY NUMBER 516711
**NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION**
## **YEAR ENDED 31 DECEMBER 2023**
## **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 2023 are:
Elizabeth Mary Dean Peter Butler Alan Kennedy Angela Robinson 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 2023**
## **TRUSTEES REPORT**
The trustees present their report and the accounts for the year ended 31 December 2023
## **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 2023**
## **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 2,000
Other Grants - 3,600
5,600
Total Grants 5,600
**----- End of picture text -----**
Page 3
**NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION**
## **YEAR ENDED 31 DECEMBER 2023**
## **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 - Area Ministry Grants
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**|**£**
**£**
**£**
**£**
**£**
**£**
**2023**
**2022**
7,801
919
**8,720**
8,715
1,772
10
**1,782**
391
-
-
**-**
-
2,990
-
**2,990**
1,690
-
-
**-**
-
-
-
**-**
-
-
16,175
**16,175**
398
-
-
**-**
19,624
12,563
17,104
**29,667**
30,818
5,600
-
**5,600**
9,000
**6,000**
**-**
-
**6,000**
7,470
11,600
-
**11,600**
16,470
**505**
-
**505**
499
**1,711**
-
**1,711**
1,336
-
-
**-**
-
463
-
**463**
-
-
-
**-**
-
-
-
**-**
-
600
-
**600**
620
716
-
**716**
680
96
-
**96**
-
-
-
**-**
-
-
13,887
**13,887**
2,712
-
3,451
**3,451**
2,118
**-**
4,274
**4,274**
588
**10**
-
**10**
10
**599**
-
**599**
-
**600**
-
**600**
600
5,300
21,613
**26,912**
9,163
16,900
21,613
**38,512**
25,633
(4,337)
(4,508)
**(8,845)**
5,184
0
0
(4,337)
(4,508)
**(8,845)**
5,184
-1004.26
-35.91
**-1040.17**
0
6,945
2,187
**9,132**
(31,052)
297,735
75,564
**373,300**
398,748
-
**-**
421
299,340
73,206
**372,546**
373,300
**Unrestricted**
**Restricted**
**Total**
Page 4|**£**
**£**
**£**
**£**
**£**
**£**
**2023**
**2022**
7,801
919
**8,720**
8,715
1,772
10
**1,782**
391
-
-
**-**
-
2,990
-
**2,990**
1,690
-
-
**-**
-
-
-
**-**
-
-
16,175
**16,175**
398
-
-
**-**
19,624
12,563
17,104
**29,667**
30,818
5,600
-
**5,600**
9,000
**6,000**
**-**
-
**6,000**
7,470
11,600
-
**11,600**
16,470
**505**
-
**505**
499
**1,711**
-
**1,711**
1,336
-
-
**-**
-
463
-
**463**
-
-
-
**-**
-
-
-
**-**
-
600
-
**600**
620
716
-
**716**
680
96
-
**96**
-
-
-
**-**
-
-
13,887
**13,887**
2,712
-
3,451
**3,451**
2,118
**-**
4,274
**4,274**
588
**10**
-
**10**
10
**599**
-
**599**
-
**600**
-
**600**
600
5,300
21,613
**26,912**
9,163
16,900
21,613
**38,512**
25,633
(4,337)
(4,508)
**(8,845)**
5,184
0
0
(4,337)
(4,508)
**(8,845)**
5,184
-1004.26
-35.91
**-1040.17**
0
6,945
2,187
**9,132**
(31,052)
297,735
75,564
**373,300**
398,748
-
**-**
421
299,340
73,206
**372,546**
373,300
**Unrestricted**
**Restricted**
**Total**
Page 4|**£**
**£**
**2023**
**2022**
**8,720**
8,715
**1,782**
391
**-**
-
**2,990**
1,690
**-**
-
**-**
-
**16,175**
398
**-**
19,624
**Total**|
|---|---|---|---|
|||17,104
-
-
-
21,613|**29,667**
30,818
**5,600**
9,000
**6,000**
7,470|
||||**11,600**
16,470
**505**
499
**1,711**
1,336
**-**
-
**463**
-
**-**
-
**-**
-
**600**
620
**716**
680
**96**
-
**-**
-
**13,887**
2,712
**3,451**
2,118
**4,274**
588
**10**
10
**599**
-
**600**
600|
||||**26,912**
9,163|
|||21,613|**38,512**
25,633|
|||(4,508)
**(8,845)**
5,184
0
0||
|||(4,508)
**(8,845)**
5,184
-35.91
**-1040.17**
0
2,187
**9,132**
(31,052)||
|||75,564
**373,300**
398,748
**-**
421||
|||73,206
**372,546**
373,300||
|||||
## **NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION**
## **YEAR ENDED 31 DECEMBER 2023**
## **STATEMENT OF ASSETS AND LIABILITIES**
|**Note**
**FIXED ASSETS**
Total Investments
**1**
**CURRENT ASSETS**
Cash at Bank and in Hand
**2**
Awaiting clearance of funds -CAF Investment closure
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**
**£**
**£**
195,576
30,936|**Total**
**£**
**2023**
**226,512**
**226,512**
**51,535**
**80,050**
**14,449**
**146,034**
**-**
**146,034**
**372,546**
**299,340**
**73,206**
**372,546**|**Total**
**£**
**2022**
301,481|
|---|---|---|---|
||195,576
30,936
9,265
42,270
80,050
14,449||301,481
57,372
14,449|
||103,764
42,270
-
-
103,764
42,270||71,821
-
71,821|
||299,340
73,206||373,300|
||||297,735
75,564|
||||373,300|
|||||
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 2023**
## **NOTES TO THE ACCOUNTS**
## **1 Investments**
|**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
**01.01.2023**
**31.12.2023**
**4,420**
75,960
(1,785)
**74,175**
62,361
-
-62361
**-**
**102**
4,218
238
**4,456**
**1,843**
61,404
5,737
**67,141**
**580**
14,109
233
**14,342**
**35**
1,465
83
**1,548**
**35**
18,694
-
-18694
**-**
**-**
4,471
74
**4,545**
**103**
4271
241
**4,512**
**682**
22733
2,124
**24,857**
**7,801**
269,685
6,945
(81,055)
**195,576**
**10**
242
4
**245**
**-**
**250**
8,319
777
**9,096**
**72**
2,993
169
**3,162**
**198**
4,807
79
**4,886**
**-**
**-**
12389
1,158
**13,547**
**400**
3045
0
-3045
**-**
**929**
31,795
2,187
(3,045)
**30,936**
301,481
9,132
**226,512**||
||**7,801**
**10**
**250**
**72**
**198**
**-**
**400**||
|||269,685
6,945
(81,055)
**195,576**|
|||242
4
**245**
**-**
8,319
777
**9,096**
2,993
169
**3,162**
4,807
79
**4,886**
**-**
12389
1,158
**13,547**
3045
0
-3045
**-**|
||**929**||
|||31,795
2,187
(3,045)
**30,936**|
|||301,481
9,132
**226,512**|
Page 6
**NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION**
## **YEAR ENDED 31 DECEMBER 2023**
|**2**
**Cash at Bank**
Royal Bank Scotland
Royal Bank of Scotland - Special Interest
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
Wavertree|bearing A/c
Opening
Loans
Balance
Made
**01.01.2023**
7,000
-
4,000
-
2,250
-
1,199
-
-
2,000
14,449
2,000
**NOTES TO THE ACCOUNTS cont.**|bearing A/c
Opening
Loans
Balance
Made
**01.01.2023**
7,000
-
4,000
-
2,250
-
1,199
-
-
2,000
14,449
2,000
**NOTES TO THE ACCOUNTS cont.**|**2023**
**1,001**
**8,818**
**23,275**
**10,694**
**7,749**
**51,536**
Loans
Repaid
-
-
-
2,000|2022
101
20,284
21,330
9,478
6,179|
|---|---|---|---|---|
||bearing A/c||||
|||||57,372|
|||||Closing
Balance
**31.12.2023**
**7,000**
**4,000**
**2,250**
**1,199**
-|
|||14,449
2,000|2,000|**14,449**|
Page 7
**NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION**
## **YEAR ENDED 31 DECEMBER 2023**
## **4 Movement in Funds**
|**Unrestricted funds**
Administration
Chapel St
Mission & Ministry
NW Area Projects
Thornset Ministry
Loans - NW Area Projects
Unrestricted Funds Total
**Restricted funds**
Area Ministry
Needy churches - Jessie Gibson
Lancs area ministry & future
church finance - Irlams
Capital Investment fund - Littlemoo
Restricted Funds Total 31.12.2023
**TOTAL FUNDS**
**5**
**CREDITORS**
Funds held for NW Area Preachers Assoc|**Transfers**
**Balance**
**Incoming**
**Resources**
**Gains and**
**Funds on**
**between**
**01.01.2023**
**Resources**
**Expended**
**losses**
**Loan to**
**funds**
**Churches**
**£**
**£**
**£**
**£**
**£**
**£**
0.00
860.00
-2989.99
0.00
0.00
55,599.58
70.37
0.00
-75.05
0.00
0.00
2,130.00
-6,000.00
0.00
0.00
192,775.85
8,287.08
-7,910.40
3,650.68
0
0.00
34,911.86
1,215.55
0.00
2,365.23
-|**Balance**
**31.12.23**
**£**
**-2,129.99**
**55594.90**
**-3870.00**
**196803.21**
**38492.64**
**14,449.00**|
|---|---|---|
||283,287.29
12,563.00
(16,900.39)
5,940.86
0
0||
|||**299,339.76**|
||3000
16175
-21612.57
0
-
394.8
10.04
0
4.02
-
51,722.33
519.74
0.00
1,025.65
-
r
20,446.31
399.59
0.00
1,121.60
-|**-2,437.57**
**408.86**
**53,267.72**
**0.00**
**21,967.50**|
||75,563.44
17,104.37
-21612.57
2,151.27
-
-|**73,205.51**|
||358,850.73
29,667.37
-38512.96
8,092.13
0.00
0.00||
|||**73,205.51**|
|||**372,545.27**|
||0
0.00
0.00
-||
|||**-**|
Page 8
## **NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION**
## **ACCOUNTS**
## **YEAR ENDED 31 DECEMBER 2023**
REGISTERED CHARITY NUMBER 516711
**NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION**
## **YEAR ENDED 31 DECEMBER 2023**
## **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 2023 are:
Elizabeth Mary Dean Peter Butler Alan Kennedy Angela Robinson 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 2023**
## **TRUSTEES REPORT**
The trustees present their report and the accounts for the year ended 31 December 2023
## **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 2023**
## **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 2,000
Other Grants - 3,600
5,600
Total Grants 5,600
**----- End of picture text -----**
Page 3
**NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION**
## **YEAR ENDED 31 DECEMBER 2023**
## **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 - Area Ministry Grants
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**|**£**
**£**
**£**
**£**
**£**
**£**
**2023**
**2022**
7,801
919
**8,720**
8,715
1,772
10
**1,782**
391
-
-
**-**
-
2,990
-
**2,990**
1,690
-
-
**-**
-
-
-
**-**
-
-
16,175
**16,175**
398
-
-
**-**
19,624
12,563
17,104
**29,667**
30,818
5,600
-
**5,600**
9,000
**6,000**
**-**
-
**6,000**
7,470
11,600
-
**11,600**
16,470
**505**
-
**505**
499
**1,711**
-
**1,711**
1,336
-
-
**-**
-
463
-
**463**
-
-
-
**-**
-
-
-
**-**
-
600
-
**600**
620
716
-
**716**
680
96
-
**96**
-
-
-
**-**
-
-
13,887
**13,887**
2,712
-
3,451
**3,451**
2,118
**-**
4,274
**4,274**
588
**10**
-
**10**
10
**599**
-
**599**
-
**600**
-
**600**
600
5,300
21,613
**26,912**
9,163
16,900
21,613
**38,512**
25,633
(4,337)
(4,508)
**(8,845)**
5,184
0
0
(4,337)
(4,508)
**(8,845)**
5,184
-1004.26
-35.91
**-1040.17**
0
6,945
2,187
**9,132**
(31,052)
297,735
75,564
**373,300**
398,748
-
**-**
421
299,340
73,206
**372,546**
373,300
**Unrestricted**
**Restricted**
**Total**
Page 4|**£**
**£**
**£**
**£**
**£**
**£**
**2023**
**2022**
7,801
919
**8,720**
8,715
1,772
10
**1,782**
391
-
-
**-**
-
2,990
-
**2,990**
1,690
-
-
**-**
-
-
-
**-**
-
-
16,175
**16,175**
398
-
-
**-**
19,624
12,563
17,104
**29,667**
30,818
5,600
-
**5,600**
9,000
**6,000**
**-**
-
**6,000**
7,470
11,600
-
**11,600**
16,470
**505**
-
**505**
499
**1,711**
-
**1,711**
1,336
-
-
**-**
-
463
-
**463**
-
-
-
**-**
-
-
-
**-**
-
600
-
**600**
620
716
-
**716**
680
96
-
**96**
-
-
-
**-**
-
-
13,887
**13,887**
2,712
-
3,451
**3,451**
2,118
**-**
4,274
**4,274**
588
**10**
-
**10**
10
**599**
-
**599**
-
**600**
-
**600**
600
5,300
21,613
**26,912**
9,163
16,900
21,613
**38,512**
25,633
(4,337)
(4,508)
**(8,845)**
5,184
0
0
(4,337)
(4,508)
**(8,845)**
5,184
-1004.26
-35.91
**-1040.17**
0
6,945
2,187
**9,132**
(31,052)
297,735
75,564
**373,300**
398,748
-
**-**
421
299,340
73,206
**372,546**
373,300
**Unrestricted**
**Restricted**
**Total**
Page 4|**£**
**£**
**2023**
**2022**
**8,720**
8,715
**1,782**
391
**-**
-
**2,990**
1,690
**-**
-
**-**
-
**16,175**
398
**-**
19,624
**Total**|
|---|---|---|---|
|||17,104
-
-
-
21,613|**29,667**
30,818
**5,600**
9,000
**6,000**
7,470|
||||**11,600**
16,470
**505**
499
**1,711**
1,336
**-**
-
**463**
-
**-**
-
**-**
-
**600**
620
**716**
680
**96**
-
**-**
-
**13,887**
2,712
**3,451**
2,118
**4,274**
588
**10**
10
**599**
-
**600**
600|
||||**26,912**
9,163|
|||21,613|**38,512**
25,633|
|||(4,508)
**(8,845)**
5,184
0
0||
|||(4,508)
**(8,845)**
5,184
-35.91
**-1040.17**
0
2,187
**9,132**
(31,052)||
|||75,564
**373,300**
398,748
**-**
421||
|||73,206
**372,546**
373,300||
|||||
## **NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION**
## **YEAR ENDED 31 DECEMBER 2023**
## **STATEMENT OF ASSETS AND LIABILITIES**
|**Note**
**FIXED ASSETS**
Total Investments
**1**
**CURRENT ASSETS**
Cash at Bank and in Hand
**2**
Awaiting clearance of funds -CAF Investment closure
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**
**£**
**£**
195,576
30,936|**Total**
**£**
**2023**
**226,512**
**226,512**
**51,535**
**80,050**
**14,449**
**146,034**
**-**
**146,034**
**372,546**
**299,340**
**73,206**
**372,546**|**Total**
**£**
**2022**
301,481|
|---|---|---|---|
||195,576
30,936
9,265
42,270
80,050
14,449||301,481
57,372
14,449|
||103,764
42,270
-
-
103,764
42,270||71,821
-
71,821|
||299,340
73,206||373,300|
||||297,735
75,564|
||||373,300|
|||||
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 2023**
## **NOTES TO THE ACCOUNTS**
## **1 Investments**
|**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
**01.01.2023**
**31.12.2023**
**4,420**
75,960
(1,785)
**74,175**
62,361
-
-62361
**-**
**102**
4,218
238
**4,456**
**1,843**
61,404
5,737
**67,141**
**580**
14,109
233
**14,342**
**35**
1,465
83
**1,548**
**35**
18,694
-
-18694
**-**
**-**
4,471
74
**4,545**
**103**
4271
241
**4,512**
**682**
22733
2,124
**24,857**
**7,801**
269,685
6,945
(81,055)
**195,576**
**10**
242
4
**245**
**-**
**250**
8,319
777
**9,096**
**72**
2,993
169
**3,162**
**198**
4,807
79
**4,886**
**-**
**-**
12389
1,158
**13,547**
**400**
3045
0
-3045
**-**
**929**
31,795
2,187
(3,045)
**30,936**
301,481
9,132
**226,512**||
||**7,801**
**10**
**250**
**72**
**198**
**-**
**400**||
|||269,685
6,945
(81,055)
**195,576**|
|||242
4
**245**
**-**
8,319
777
**9,096**
2,993
169
**3,162**
4,807
79
**4,886**
**-**
12389
1,158
**13,547**
3045
0
-3045
**-**|
||**929**||
|||31,795
2,187
(3,045)
**30,936**|
|||301,481
9,132
**226,512**|
Page 6
**NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION**
## **YEAR ENDED 31 DECEMBER 2023**
|**2**
**Cash at Bank**
Royal Bank Scotland
Royal Bank of Scotland - Special Interest
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
Wavertree|bearing A/c
Opening
Loans
Balance
Made
**01.01.2023**
7,000
-
4,000
-
2,250
-
1,199
-
-
2,000
14,449
2,000
**NOTES TO THE ACCOUNTS cont.**|bearing A/c
Opening
Loans
Balance
Made
**01.01.2023**
7,000
-
4,000
-
2,250
-
1,199
-
-
2,000
14,449
2,000
**NOTES TO THE ACCOUNTS cont.**|**2023**
**1,001**
**8,818**
**23,275**
**10,694**
**7,749**
**51,536**
Loans
Repaid
-
-
-
2,000|2022
101
20,284
21,330
9,478
6,179|
|---|---|---|---|---|
||bearing A/c||||
|||||57,372|
|||||Closing
Balance
**31.12.2023**
**7,000**
**4,000**
**2,250**
**1,199**
-|
|||14,449
2,000|2,000|**14,449**|
Page 7
**NORTH WEST AREA ASSOCIATION OF THE CONGREGATIONAL FEDERATION**
## **YEAR ENDED 31 DECEMBER 2023**
## **4 Movement in Funds**
|**Unrestricted funds**
Administration
Chapel St
Mission & Ministry
NW Area Projects
Thornset Ministry
Loans - NW Area Projects
Unrestricted Funds Total
**Restricted funds**
Area Ministry
Needy churches - Jessie Gibson
Lancs area ministry & future
church finance - Irlams
Capital Investment fund - Littlemoo
Restricted Funds Total 31.12.2023
**TOTAL FUNDS**
**5**
**CREDITORS**
Funds held for NW Area Preachers Assoc|**Transfers**
**Balance**
**Incoming**
**Resources**
**Gains and**
**Funds on**
**between**
**01.01.2023**
**Resources**
**Expended**
**losses**
**Loan to**
**funds**
**Churches**
**£**
**£**
**£**
**£**
**£**
**£**
0.00
860.00
-2989.99
0.00
0.00
55,599.58
70.37
0.00
-75.05
0.00
0.00
2,130.00
-6,000.00
0.00
0.00
192,775.85
8,287.08
-7,910.40
3,650.68
0
0.00
34,911.86
1,215.55
0.00
2,365.23
-|**Balance**
**31.12.23**
**£**
**-2,129.99**
**55594.90**
**-3870.00**
**196803.21**
**38492.64**
**14,449.00**|
|---|---|---|
||283,287.29
12,563.00
(16,900.39)
5,940.86
0
0||
|||**299,339.76**|
||3000
16175
-21612.57
0
-
394.8
10.04
0
4.02
-
51,722.33
519.74
0.00
1,025.65
-
r
20,446.31
399.59
0.00
1,121.60
-|**-2,437.57**
**408.86**
**53,267.72**
**0.00**
**21,967.50**|
||75,563.44
17,104.37
-21612.57
2,151.27
-
-|**73,205.51**|
||358,850.73
29,667.37
-38512.96
8,092.13
0.00
0.00||
|||**73,205.51**|
|||**372,545.27**|
||0
0.00
0.00
-||
|||**-**|
Page 8
Indl'pcndi'nt c%Amiiicr's rcporl lo the Trustee5 of "Northwest Area Association of the
Congrcgalional Federation"
I report on ihe accounts of ihe Trust for ihe year end¢d 31 Dccember 2023, which are set out
on pagics I to 2.
Rcsp¢e¢iv¢ r¢spon5ibilities of trustees and examiner
The charity's trusiees are responsible for ihe pr¢paration of lh¢ accounls. The charity's
trusi¢Ls consider ihat an audit is nol rcquired for ihi5 ):ear und¢r section 144(2) of the
Charilies Aci 2011 (the 201 l Acl) and that an ind¢pendeni examination is n¢eded.
li is my responsibility lo:
examine the accounts under s¢clion 145 of th¢ 2011 Acl.
to folloiv the procedures laid in the general Directions given by the Clwily
Commission under section 145(5){b} of the 2011 Act- and
to stsie whether particular matters have come lo my all¢ntion.
Basis of independent examiner's report
My examination w&s carried out in accordance wtih ihe general Directions giN'en b), the
Charity Commission. An examination includes a r¢i'iew of th¢ accounting records kept by the
charity and a comparison of the accounts presented ivith those records. It also includes
consideration of any unusual ilems or disclosures in the accounts. and seeking explanations
from you as trustees concerning any such matters. The procedures undertaken do noi proN'ide
all ihe evidence that would be required in an audil and consequentl), no opinion is g?iven as to
whether ihe accounts presenl a 'lru¢ and fair vi¢w' and the report is limited to those matters
sei out in the slaiemeni below.
Independent examiner's statemenl
In conneclion with my examinalion, no matter has come lo my attention:
{ l ) which gives me reasonable cause to believe that in any mal¢rial respect the requirements:
to keep accounling records in accordance iyith section 130 of ihe 2011 Act: and
to prep