| Page | |
|---|---|
| Legal and Administrative Information | 1 |
| Trustees' Report (Including Directors' Report) | 2 - 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities - Current Financial Year | 7 |
| Statement of Financial Activities - Prior Financial Year | 8 |
| Statement of Financial Position | 9-10 |
| Notes to the Financial Statements | 11-22 |
| The following pages do not form part of the statutory financial statements; | |
| Detailed Statement of Financial Activities | 23-24 |
| Trustees | Reverend CA Murray | Moderator of the Trustees |
|---|---|---|
| Reverend G K Colmer | Regional Ministry Team Leader | |
| Reverend S J Carver | ||
| Reverend S E Crane-West | ||
| Mr R D Farrant | Appointed 27 June 2020 | |
| Reverend D 1 Fleming | Resigned 27 June 2020 | |
| Mrs K Hopkins | Resigned 27 June 2020 | |
| Mr F W Johnston | Appointed 28 January 2021 | |
| Mrs M J Johnston | ||
| Mr A Kerry | ||
| Mrs M A Prisk | Resigned 27 June 2020 | |
| Reverend D C Shaw | ||
| Reverend D A Warrington | Resigned 27 June 2020 | |
| Company Secretary | Reverend S L Copson | |
| Regional Ministry Team | Reverend G K Colmer | Regional Ministry Team Leader |
| Reverend S L Copson | Regional Minister | |
| Reverend C M Pye | Regional Minister | |
| Mrs J Cheang | Safeguarding Officer | |
| Charity number | 1090606 | |
| Company number | 4319194 | |
| Registered Office | 60 Strathmore Avenue | |
| Hitchin | ||
| Hertfordshire | ||
| SG5 1ST | ||
| Independent Examiner | Seymour Taylor Audit Limited | |
| 57 London Road | ||
| High Wycombe | ||
| Buckinghamshire | ||
| HP11 IBS |
| Unrestricted | Restricted | Endowment | ||||
|---|---|---|---|---|---|---|
| Current financial vear | Total | Total | ||||
| funds | funds | funds | ||||
| 2020 | 2020 | 2020 | 2020 | 2019 | ||
| as restated | ||||||
| Notes | £ | £ | £ | £ | E | |
| Income and Endowments from: | ||||||
| Donations and legacies | 262,338 | 262,338 | 241,207 | |||
| Other trading activities | 3 | 1,827 | 375 | 2,202 | 16,688 | |
| Investment income | 4 | 9,043 | 2,315 | 11,358 | 15,743 | |
| Income from Sale of Property | 125,563 | - | 125,563 | |||
| Total Income | 398,771 | 2,690 | 401,461 | 273,638 | ||
| Expenditure on Charitable activities | 286,522 | 1,540 | 288,062 | 268,940 | ||
| Gains and losses on | ||||||
| investment assets | 63,730 | 63,730 | 87,396 | |||
| Net incoming/(outgoing) resources before transfers |
5 | 175,979 | 1,150 | 177,129 | 92,094 | |
| Transfers between funds | ||||||
| Net incoming/(outgoing) resources | 175,979 | 1,150 | 177,129 | 92,094 | ||
| Total funds at 1 January 2020 as previously stated |
2,065,372 | 256,878 | 105,315 | 2,427,565 | 2,422,594 | |
| Prior year adjustment | 6 | 87,123 | 87,123 | |||
| Total funds at 1 January 2020 | 2,152,495 | 256,878 | 105,315 | 2,514,688 | 2,422,594 | |
| Total funds at 31 December 2020 | 2,328,474 | 258,028 | 105,315 | 2,691,817 | 2,514, 688 |
| Prior financial year | Unrestricted funds |
Restricted funds |
Endowment funds |
Total | Total | |
|---|---|---|---|---|---|---|
| 2019 | 2019 | 2019 | 2019 | 2018 | ||
| as restated | as restated | |||||
| Notes | £ | £ | £ | |||
| Income and Endowments from: | ||||||
| Donations and legacies | 241,207 | 241,207 | 298,584 | |||
| Other trading activities | 3 | 16,447 | 241 | 16,688 | 15,714 | |
| Investment income | 4 | 11,930 | 3,813 | 15,743 | 11,827 | |
| Income from Sale of Property | - | - | - | 339,520 | ||
| Total Income | 269,584 | 4,054 | 273,638 | 665,645 | ||
| Expenditure on Charitable activities | 240,545 | 28,395 | 268,940 | 427,427 | ||
| Gains and losses on investment assets |
87,396 | - | 87,396 | (11, 878) | ||
| Net incoming/(outgoing) resources before transfers |
5 | 116,435 | (24,341) | 92,094 | 226,340 | |
| Transfers between funds | ||||||
| Net incoming/(outgoing) resources | 116,435 | (24,341) | 92,094 | 226,340 | ||
| Total funds at 1 January 2019 | 2,036,060 | 281,219 | 105,315 | 2,422,594 | 2,196, 254 | |
| Total funds at 31 December 2019 | 2,152,495 | 256,878 | 105,315 | 2,514,688 | 2,422,594 |
| Notes | ||||
|---|---|---|---|---|
| 2020 | 2019 | |||
| as restated | ||||
| £ | £ | _ff _ | ||
| Fixed assets | ||||
| Tangible Assets | 9 | 437,222 | 437,788 | |
| Investments | 10 | 848,593 | 784,863 | |
| 1,285,815 | 1,222,651 | |||
| Current assets | ||||
| Debtors falling due after one year | 11 | 64,750 | ||
| Debtors falling due within one year | 11 | 25,352 | 14,476 | |
| Cash at bank and in hand | 1,407,918 | 1,436,424 | ||
| 1,498,020 | 1,450,900 | |||
| Liabilities | ||||
| Creditors; Amounts falling due within | 12 | 13,796 | 33,668 | |
| one year | ||||
| Net current assets | 1,484, 224 | 1,417,232 | ||
| Total assets less current liabilities | 2,770,039 | 2,639,883 | ||
| Provisions for liabilities and charges | 13 | 78,222 | 125,195 | |
| Net assets | 2,691,817 | 2,514,688 | ||
| The funds of the charity | 14 | |||
| Unrestricted funds | 2,131,339 | 1,955,360 | ||
| Revaluation reserve - Unrestricted | 197,135 | 197,135 | ||
| 2,328,474 | 2,152,495 | |||
| Restricted funds | 258,028 | 256,878 | ||
| Endowment funds | 105,315 | 105,315 | ||
| 2,691,817 | 2,514,688 |
| 3 Other trading activities |
Unrestricted Restricted Unrestricted Restricted |
|---|---|
| 2020 20202019 2019 |
|
| ££ ff |
|
| Preaching, Training and Directory fees | _1,827- _ |
| Conference Fees and donations | 15,447 |
| Sponsorship | 1,000 |
| Land rent | 375 241 |
| 1,827375 16,447241 |
|
| 4 Investment Income | Unrestricted Restricted Unrestricted Restricted |
| 2020 20202019 2019 |
|
| ££ ff |
|
| Dividends receivable | 801 - |
| Bank interest receivable | 8,242 2,31511,930 3,813 |
| 9,043 2,315 11,930 3,813 |
| 5 Net Incoming resources |
Unrestricted | Restricted | Unrestricted | Restricted |
|---|---|---|---|---|
| 2020 | 2020 | 2019 | 2019 | |
| Net Incoming resources are stated after | £ | £ | f | f |
| charging: | ||||
| Independent examiner's fee | 4,750 | 4,860 | ||
| Grant Funding To Third Parties | ||||
| Repair & Maintenance grants to member churches |
16,000 | 2,000 | 24,000 | |
| Dream grants to member churches | 13,500 | 7,518 | ||
| Other grants to member churches | 1,025 | 1,540 | 19,491 | 5,100 |
| Support for other organisations | 9,820 | 10,806 | ||
| 40,345 | 1,540 | 39,815 | 29,100 |
| The average monthly number of employees during the year | 2020 | 2019 |
|---|---|---|
| was | ||
| Regional ministers | 3 | 3 |
| Administrator | 1 | 1 |
| Safeguarding Officer | 1 | 1 |
| 5 | 5 | |
| Employment costs | 2020 | 2019 |
| £ | f | |
| Wages and salaries (including housing costs) | 96,903 | 95,252 |
| Housing costs | 30,900 | 30,900 |
| Social secruity costs | 4,955 | 5,649 |
| Employer contributions to defined contribution pension schemes |
10,991 | 10,725 |
| 143,749 | 142,526 |
| Freehold Land& | Office | |||
|---|---|---|---|---|
| 9 | Tangible Fixed Assets | Property | Equipment | Tota I |
| £ | £ | |||
| Cost or valuation | ||||
| At 1 January 2020 | 435,524 | 9,518 | 445,042 | |
| Additions | ||||
| At 31 December 2020 | 435,524 | 9,518 | 445,042 | |
| Depreciation and impairment | ||||
| At 1 January 2020 | - | 7,254 | 7,254 | |
| Depreciation charged in the year | 566 | 566 | ||
| At 31 December 2020 | 7,820 | 7,820 | ||
| Carrying amount | ||||
| At 31 December 2020 | 435,524 | 1,698 | 437,222 | |
| At 1 January 2020 | 435,524 | 2,264 | 437,788 |
| Listed | Unlisted | |||
|---|---|---|---|---|
| 10 | Investments | investments | investments | Total |
| £ | £ | |||
| Valuation at 01 January 2020 | 768,838 | 16,025 | 784,863 | |
| Gain in the year | 63,730 | 63,730 | ||
| Valuation at 31 December 2020 | 832,568 | 16,025 | 848,593 | |
| 11 | Debtors | 2020 | 2019 | |
| Amounts falling due after more than one year | £ | f | ||
| Loans to member churches | 64,750 | |||
| Amounts falling due within one year | £ | £ | ||
| Loans to member churches | 23,000 | 13,000 | ||
| Other debtors | 1,617 | 741 | ||
| Prepayments | 735 | 735 | ||
| 25,352 | 14,476 | |||
| 12 | Creditors | 2020 | 2019 | |
| Amounts falling due within one year | £ | f | ||
| Trade creditors | 1,620 | 540 | ||
| Social security and other taxes | 5,409 | 2,180 | ||
| Other creditors | 2,228 | |||
| Accruals and deferred income | 4,539 | 30,948 | ||
| 13,796 | 33,668 |
| 2020 | 2019 | |
|---|---|---|
| as restated | ||
| £ | £ | |
| Balance sheet liability at the start of the year | 125,195 | 129,498 |
| Deficiency contributions paid | (9,897) | (12,880) |
| Interest cost | 2,045 | 2,954 |
| Remaining change to balance sheet liability | (39,121) | 5,623 |
| Balance sheet liability at year end | 78,222 | 125,195 |
| the deficit recovery payments: | |||
|---|---|---|---|
| Accounting date | 2020 | 2019 | 2018 |
| Discount Rate | 0.40% | 1.70% | 2.40% |
| Future increases to Minimum Pensionable | |||
| Income | 3.00% | 3.20% | 3.30% |
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Employee | 8,868 | 8,600 |
| Employer | 10,991 | 10,725 |
| 19,859 | 19,325 |
| restricted Funds | |
|---|---|
| General Fund | For general purposes |
| CBA Loan Fund | For making loans to member churches |
| NNB Capital Account | For making grants to churches and individuals |
| NNB Christchurch Manse Fund | For the provision of monies to purchase Manses |
| NNB Emmanuel Manse Fund | For the provision of monies to purchase Manses |
| NNB Roade Manse Fund | For the provision of monies to purchase Manses |
| Pension Reserve Fund | Sets aside for the possible requirement to make a deficit pension |
| contribution in the event of a cessation event | |
| valuation Reserve-Unrestricted | |
| General Fund | Freehold land and property revaluation: for general purposes |
| NNB Christchurch Manse Fund | Freehold land and property revaluation: manse purchases |
| tricted Funds | |
|---|---|
| Beds Ridgmont Building Fund | For the provision of loans to churches in Bedfordshire |
| Bierton Land Trust Fund | For the upkeep of the burial ground at Ford and support of churches in |
| the vicinity | |
| Bucks Baptist Youth Fund | For the support of work with young people associated with churches in Buckinghamshire. |
| Bucks Ford Chapel Trust Fund | For loans or grants to churches |
| Denton Baptist Church Fund | For religious and other charitable work of Northamptonshire Baptist churches. |
| Ford Manse Trust Fund | For the upkeep of the burial ground at Ford and support of churches in |
| the vicinity | |
| Herts Capital Building Fund | For the funding of grants for growth and mission |
| Herts Well Wisher Fund | For the purchase of book tokens for ministers and lay preachers in |
| Hertfordshire | |
| NNB Guilsborough Trust | For the support of churches in Northampton |
| NNB Parker Gray Fund | For the provision of grants and loans to small churches in Northamptonshire |
| dowment Funds | |
| Bierton Land Fund | Non-expendable, Income is restricted as above. |
| Denton Baptist Church Fund | Non-expendable. Income is restricted as above. |
| Ford Chapel Fund | For new land or buildings |
| Ford Manse Fund | Non-expendable. Income is restricted as above. |
| 14 Funds (CONTINUED) |
||||
|---|---|---|---|---|
| At 1 | Net Transfer |
At 31 | ||
| Movement in Funds | January 2020 | Movement between in fundsfunds |
December 2020 |
|
| as restated | ||||
| £ | £ | £ | ||
| Unrestricted Funds | ||||
| General Fund | 1,234,898 | 150,867 | 1,385,765 | |
| CBA Loan Fund | 188,293 | 871 | 189,164 | |
| NNB Capital Account | 3,778 | (1,488) | 2,290 | |
| NNB Christchurch Manse Fund | 56,924 | 56,924 | ||
| NNB Emmanuel Manse Fund | 130,096 | 755 | - | 130,851 |
| NNB Roade Manse Fund | 47,320 | 600 | - | 47,920 |
| Pension Reserve Fund | 294,051 | 24,374 | 318,425 | |
| 1,955,360 | 175,979 | 2,131,339 | ||
| Revaluation Reserve-Unrestricted | ||||
| General Fund | 3,975 | 3,975 | ||
| NNB Christchurch Manse Fund | 193,160 | 193,160 | ||
| 197,135 | 197,135 | |||
| Restricted Funds | ||||
| Beds Ridgmont Building Fund | 87,143 | 946 | - | 88,089 |
| Bierton Land Trust Fund | 8,216 | 461 | 8,677 | |
| Buckinghamshire Baptist Youth Fund |
988 | (498) | 490 | |
| Bucks Ford Chapel Trust Fund | 70,616 | 540 | 71,156 | |
| Denton Baptist Church Fund | 586 | 62 | 648 | |
| Ford Manse Trust Fund | 17,660 | 304 | 17,964 | |
| Herts Capital Building Fund | 2,275 | 12 | 2,287 | |
| Herts Well Wisher Fund | 12,735 | (1,002) | 11,733 | |
| NNB Guilsborough Trust | 55,789 | 323 | 56,112 | |
| NNB Parker Gray Fund | 870 | 2 | 872 | |
| 256,878 | 1,150 | 258,028 | ||
| Endowment Funds | ||||
| Bierton Land Fund | 34,775 | 34,775 | ||
| Denton Baptist Church Fund | 10,635 | 10,635 | ||
| Ford Chapel Fund | 23,375 | 23,375 | ||
| Ford Manse Fund | 36,530 | 36,530 | ||
| 105,315 | 105,315 | |||
| Total Funds | 2,514,688 | 177,129 | 2,691,817 |
| 14 | Funds (CONTINUED) | |||||
|---|---|---|---|---|---|---|
| Transfer | Net | |||||
| Net movement of funds included in | Incoming | Resources | between | Gains and | Movement | |
| the above | Resources | Expended | funds | losses | in Funds | |
| £ | £ | |||||
| Unrestricted Funds | ||||||
| General Fund | 396,533 | (285,022) | 39,356 | 150,867 | ||
| CBA Loan Fund | 871 | 871 | ||||
| NNB Capital Account | 12 | (1,500) | (1,488) | |||
| NNB Christchurch Manse Fund | ||||||
| NNB Emmanuel Manse Fund | 755 | 755 | ||||
| NNB Roade Manse Fund | 600 | 600 | ||||
| Pension Reserve Fund | 24,374 | 24,374 | ||||
| 398,771 | (286,522) | 63,730 | 175,979 | |||
| Restricted Funds | ||||||
| Beds Ridgmont Building Fund | 946 | 946 | ||||
| Bierton Land Trust Fund | 461 | 461 | ||||
| Buckinghamshire Baptist Youth Funi | 2 | (500) | (498) | |||
| Bucks Ford Chapel Trust Fund | 540 | 540 | ||||
| Denton Baptist Church Fund | 62 | 62 | ||||
| Ford Manse Trust Fund | 304 | 304 | ||||
| Herts Capital Building Fund | 12 | 12 | ||||
| Herts Well Wisher Fund | 38 | (1,040) | (1,002) | |||
| NNB Guilsborough Trust | 323 | 323 | ||||
| NNB Parker Gray Fund | 2 | 2 | ||||
| 2,690 | (1,540) | 1,150 |
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020 |
||
|---|---|---|
| 2020 | 2019 | |
| as restated | ||
| Income and Endowments from: | £ | f |
| Donations and legacies | ||
| National Core Funding | 262,302 | 240,755 |
| Donations & Legacies | 36 | 322 |
| Outreach programme | 130 | |
| 262,338 | 241,207 | |
| Other trading activities | ||
| Fees for preaching, training & directories | 1,827 | 6,047 |
| Letting / hire income - Bierton Land Rent | 375 | 241 |
| Conference Fees and donations | 9,400 | |
| Sponsorship | 1,000 | |
| 2,202 | 16,688 | |
| Investment income | ||
| Interest | 10,557 | 15,743 |
| Dividends received | 801 | |
| 11,358 | 15,743 | |
| Income from Sale of Property | 125,563 | |
| Total incoming resources | 401,461 | 273,638 |
| Expenditure on Charitable activities | ||
| Member church support | ||
| HM Funding | 100,669 | 90,233 |
| Grants and donations | 31,291 | 42,303 |
| Training | 393 | |
| Support for Other organisations | 9,820 | 10,806 |
| INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020 |
||
|---|---|---|
| 2020 | 2019 | |
| as restated | ||
| Expenditure on Charitable activities (CONTINUED) | ||
| Staff costs | ||
| Wages and salaries | 95,803 | 97,184 |
| Property leaseback | 30,900 | 30,900 |
| Trustees' pension contributions | 9,891 | 81793 |
| Social Security | 4,955 | 5,649 |
| Travel and subsistence | 2,586 | 12,464 |
| Property costs | ||
| Rates and Water | 6,660 | 6,898 |
| Insurance | 2,356 | 2,049 |
| Repairs and Maintenance | 7,871 | 1,712 |
| Administration costs | ||
| Telephone | 2,187 | 2,208 |
| Postage and stationery | 1,226 | 1,865 |
| Conference accommodation | 160 | 9,285 |
| IT and computer costs | 1,211 | 721 |
| Other expenses net of pension adjustment | 695 | 18,620 |
| Reduction in pension deficit contribution liability | (34,877) | (87,123) |
| Subscriptions | 825 | 930 |
| Publicity | 435 | 506 |
| Depreciation of tangible fixed assets | 566 | 755 |
| Office Costs | 1,026 | 350 |
| Legal and Professional Fees | 6,528 | 6,528 |
| Bank Charges | 60 | 60 |
| Trustees' meetings | 15 | 84 |
| CBA Assemblies | 300 | |
| Independent examiner's remuneration | 4,810 | 4,860 |
| Expenditure on Charitableactivities | 288,062 | 268,940 |
| Gains and losses on investment assets | 63,730 | 87,396 |
| Net incoming/(outgoing) resources | 177,129 | 92,094 |