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||**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|
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|**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||
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|||**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_|
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|**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|
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||**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_|
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|**3**
**Other trading activities**|**Unrestricted**
**Restricted**
_Unrestricted_
_Restricted_|
|---|---|
||**2020**
**2020**_2019_
_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**
**2020**_2019_
_2019_|
||££
ff|
|Dividends receivable|_801_
_-_|
|Bank interest receivable|_8,242_
_2,31511,930_
_3,813_|
||_9,043_
_2,315_
_11,930_
_3,813_|
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|**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_|
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|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|
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|||**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|
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|||**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|
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||**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|
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|**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|
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|**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.|
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|**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|
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|**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|
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|**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_|
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|**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 Charitable**activities|288,062|_268,940_|
|**Gains and losses on investment assets**|63,730|_87,396_|
|**Net incoming/(outgoing) resources**|177,129|_92,094_|