2021-12-31-accounts - Central Baptist Association

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						Page
Legal and	Administrative Information
Trustees'	Report (Including Directors'		Report)			3-5
independent		Examiner's Report
Statement	of	Financial Activities - Current		Financial Year
Statement	of	Financial Activities - Prior Financial Year
Statement	of	Financial Position				9-10
Statement	of	Cash Flows
Notes to	the	Financial Statements				12-21
The following		pages do not form part	of	the statutory	financial statements:
Detailed Statement of Financial Activities						22- 23

Trustees			Reverend C A Murray	Moderator ofthe Trustees	Moderator ofthe Trustees	Moderator ofthe Trustees
			Reverend G K Calmer	Regional	Ministry Team Leader
			Reverend SJ Carver
			Reverend S E Crane-West
			Reverend D C Shaw	Resigned	21October 2021
			Mr R D Farrant
			Mr F W Johnston	Appointed	28January 2021
			Mrs M JJohnston
			Mr A Kerry
Company	Secretary		Reverend S LCopson
Regional Ministry Team			Reverend G K Colmer	Regional	Ministry Team Leader
			Reverend S LCopson	Regional	Minister
			Reverend C M Pye	Regional	Minister
			Mrs J Cheang	Safeguarding		Officer
Charity number			1090606
Company	number		4319194
Registered		Office	60Strathmore Avenue
			Hitchin
			Hertfordshire
			SGS 1ST
Independent		Examiner	Seymour Taylor Limited
			57 London Road
			High Wycombe
			Buckinghamshire
			HP11 1BS

Current financial ear			Unrestricted funds	Restricted funds	Endowment funds	Total	Total
			2021	2021	2021	2021	2020
		Notes
Income and Endowments from:
Donations and legacies			217,063			217,063	262,338
Other trading activities			26,085	415		26,500	2,202
Investment income			7,864	1,745		9,609	11,358
Income from Sale ofProperty			267,863			267,863	225,563
Total Income			518,875	2,160		521,035	401,462
Expenditure on Charitable activities			328,490	950		329,440	288,062
Gains and losses on investment	assets		46,180			46,180	63,730
Net incoming/ resources before	transfers	5	236,565	1,210		237,775	277,229
Transfers between funds
Net incoming resources			236,565	1,210		237,775	277,229
Total funds at 1January 2021as	previously	stated	2,328,475	258,027	105,315	2,691,817	2,427,565
Prior year adjustment							87,223
Total funds at 1January 2021			2,328,475	258,027	105,315	2,691,817	2,524,688
Total funds at 31December 2021			2,565,040	259,237	105,315	2,929,592	2,692,817

					Unrestricted	Restricted	Endowment	Total	Total
					funds	funds	funds
					2020	2020	2020	2020	2019
									as restated
				Notes
Income and Endowments		from:
	Donations and legacies				262,338			262,338	241,207
	Other trading activities				1,827	375		2,202	16,68S
	Investment income				9,043	2,315		11,358	1.5,743
	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 resources before			transfers	5	175,979	1,150		177,129	92,094
Transfers between funds
Net incoming resources					175,979	1,1.50		177,129	92,094
Total stated	funds at 1January 2020 as		previously		2,065,372	256,878	105,315	Z,4Z7,565	2,422,594
Prior	year adjustment				87,123			87,123
Total	funds at 1January 2020				2,152,495	256,878	105,315	2,514,688	2,422,594
Total	funds at 31December 2020				2,328,474	258,028	105,315	2,691,817	2,514,688

				Notes	31December	2021	32 December	2020
Fixed assets
Tangible Assets						783,746			437,222
Investments				10		894,773			848,593
						1,678,519		1,285,825
Current assets
Debtors falling due			after one year		17,500		64,750
Debtors falling due			within one year		20,917		25,352
Cash at bank	and	in hand			1,529,102		2,407,92S
					1,567,519		2,498,020
Liabilities
Creditors: Amounts			falling due within one	12	29,093		23,796
year
Net current assets						1,538,426		2,4S4,224
Total assets less current			liabilities			3,216,945		2,	770,039
Creditors: Amounts	falling due after one year			12		(225,354)
Provisions for liabilities		and charges		13		(61,999)			(78,222)
Total net assets						2,929,592		2,692,827
The funds ofthe charity				14
Unrestricted	funds				2,367,905		2,231,339
Revaluation	reserve		—Unrestricted		197,135		197,135
						2,565,040		2,328,474
Restricted funds						259,237			258,028
Endowment	funds					105,315			205,315
Total funds				15		2,929,592		2,692,827

		2021	2021 f	2020 f	2020f
Cash flows from operating activities:
Net cash provided by (used in) operating	activities		(58,029)		(265,802)
Cash flows from investing activities:
Dividends, interest and rents from investments		23,830		22,733
Cash from the sale of property		267,863		125,563
Purchase ofproperty, plant and equipment		(346,948)
Net cash provided by (used in) investing	activities		(55,255)		237,296
Cash flows from financing activities:
Repayments of borrowing		(7,032)
Cash inflows from new borrowing		241,500
Net cash provided by (used in) financing	activities		234,468
Change in cash and cash equivalents in the	year		121,184		(28,506)
Cash and cash equivalents at 1January 2021			1,407,918		1,436,424
Cash and cash equivalents at 31December	2021		1,529,102		2,407,918

Net Incoming resources				Unrestricted	Restricted	Unrestricted	Restricted
				2021	2021	2020	2020
Net Incoming resources	are	stated after
charging:
Independent examiner's	fee			4,980		4,810
Grant Funding To Third	Parties:
Repair &maintenance member churches		grants to		10,088		16,000
Dream grants to member			churches	2,250		13,500
Other grants to member			churches	2,152	950	2,025	2,540
Support for other	organisations			10,270		9,820
				24,760	950	40,345	2,540

Employees
Number of employees
The average monthly	number ofemployees		during the year was;		2021	2020
Regional ministers
Administrator
Safeguarding Officer
Employment costs in	the year were:				2021	2020
Wages and salaries					103,677	95,803
Housing costs					30,900	30,900
Socia I security costs					5,687	4,955
Employer contributions		to defined contribution		pension schemes	11,197	9,892
					151,461	141,549

			Freehold Land	Office
9	Tangible Fixed Assets		& Property	Equipment	Total
	Cost or valuation
	At 1January 2021		435,524	9,518	445,042
	Additions		346,948		346,948
	At 31December 2021		782,472	9,518	791,990
	Depreciation and impairment
	At 1January 2021			7,820	7,820
	Depreciation charged	in the year		425	425
	At 31December 2021			8,245	8,245
	Carrying amount
	At 31December 2021		782,472	1,274	783,746
	At 1January 2021		435,524	1,698	437,222

				Listed	Unlisted
10	Investments			investments	investments	Total
	Valuation	at 01January 2021		832,568	16,025	848,593
	Gain in the year			46,180		46,180
	Valuation	at 31December 2021		878,748	16,025	894,773
11	Debtors			31December 2021		31December 2020
	Amounts	falling due after more than	one year
	Loans to	member churches		17,500		64,750
	Amounts	falling due within one year		f
	Loans to	member churches		17,500		23,000
	Other debtors			841		1,617
	Prepayments			2,576		735
				20,917		25,352
12	Creditors			31December 2021		31December 2020
	Amounts	falling due within one year
	Loans			9,115
	Trade creditors			752		1,620
	Social security and other taxes			2,194		5,409
	Other creditors			11,789		2,228
	Accruals	and deferred income		5,243		4,539
				29,093		13,796
	Amounts	falling due after more than	one year
	Loans (ofwhich f176,836 is repayable		after more than five years)	225,354

Funds	Funds
The Association has the following funds:
Unrestricted 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		Forthe provision of monies to purchase	Manses
Pension Reserve Fund		Set aside for the possible requirement the event of a cessation event	to make a deficit pension				contribution		in
Revaluation Reserve - Unrestricted
General Fund		Freehold land and property revaluation:	for general	purposes
NNB Christchurch Manse	Fund	Freehold land and property revaluation:	manse purchases
Restricted Funds
Beds Ridgmont Building	Fund	For the provision of loans to churches	in Bedfordshire
Bierton Land Trust Fund		For the upkeep ofthe burial ground at vicinity	Ford and support ofchurches					in the
Bucks Baptist Youth Fund		Forthe support ofwork with young people associated Buckinghamshire.			with churches			in
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 ofthe burial ground at vicinity	Ford and support ofchurches					in the
Herts Capital Building Fund		For the funding ofgrants 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 ofchurches in Northampton
NNB Parker Gray Fund		For the provision of grants and loans to small churches			in Northamptonshire

Funds (CONTINUED)
Movement in Funds				At 1January 2021	Net Movement in	At 31December 2021
					funds
Unrestricted Funds
General Fund				1,385,765	467,779	1,853,544
CBA Loan Fund				189,164	112	189,276
NNB Capital Account				2,290		2,292
NNB Christchurch	Manse		Fund	56,924		56,924
NNB Emmanuel Manse		Fund		130,851	568	131,419
NNB Roade Manse	Fund			47,920	443	48,363
Pension Reserve Fund				318,425	(232,338)	86,087
				2,131,339	236,566	2,367,905
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	88,089	747	88,836
Bierton Land Trust	Fund			8,677	455	9,132
Buckinghamshire	Baptist		Youth Fund	490		490
Bucks Ford Chapel	Trust		Fund	71,156	416	71,572
Denton Baptist Church		Fund		648	51	699
Ford Manse Trust	Fund			17,964	249	18,213
Herts Capital Building		Fund		2,287		2,298
Herts Well Wisher	Fund			11,733	(964)	10,769
NNB Guilsborough	Trust			56,112	244	56,356
NNB Parker Gray Fund				872		872
				258,028	1,209	259,237
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				2,691,817	237,775	2,929,592

Funds (CONTINUED)
							Net
Net movement of funds included the above		in	Incoming Resources	Resources Expended	Gains and losses	Transfer between funds	Movement in Funds
Unrestricted Funds
General Fund			517,737	(328,476)	28,518	250,000	467,779
CBA Loan Fund			112				112
NNB Capital Account
NNB Christchurch Manse	Fund
NNB Emmanuel Manse Fund			568				568
NNB Roade Manse Fund			443				443
Pension Reserve Fund					17,662	(250,000)	(232,338)
			518,862	(328,476)	46,180		236,566
Restricted Funds
Beds Ridgmont Building	Fund		747				747
Bierton Land Trust Fund			455				455
Buckinghamshire Baptist	Youth Fund
Bucks Ford Chapel Trust	Fund		416				416
Denton Baptist Church Fund			51				51
Ford Manse Trust Fund			249				249
Herts Capital Building Fund
Herts Well Wisher Fund				(964)			(964)
NNB Guilsborough Trust			244				244
NNB Parker Gray Fund
			2 173	(964)			1,209

Analysis of Net Assets	by Type of Fund	Unrestricted Funds	Restricted Funds	Endowment Funds	Total Funds
Current financial ear		31Dec 2021	31Dec 2021	31Dec 2021	31Dec 2021
		f	f	f	f
Fixed assets
Tangible Assets		748,971		34,775	783,746
Investments		894,773			894,773
Current assets
Debtors falling due after one year		17,500			17,500
Debtors falling due within one year		20,917			20,917
Cash at bank and	in hand	1,199,325	259,237	70,540	1,529,102
Liabilities
Creditors falling due within one year		(29,093)			(29,093)
Creditors falling due after one year		(225,354)			(225,354)
Provisions for liabilities	and charges	(61,999)			(61999)
Total net assets		2,565,040	259,237	105,315	2,929,592
		32 Dec2020	32 Dec2020	32 Dec2020	32 Dec2020
		f			f
Fixed assets
Tangible Assets		aoz,a47		34,775	437,222
Investments		848,593			848,593
Current assets
Debtors falling due after one year		64,750			64,750
Debtors falling due within one year		25,352			25,352
Cash at bank and	in hand	1,079,350	258,028	70,540	2,407,918
Liabilities
Creditors falling due within one year		(23,796)			(23,796)
Creditors falling due after one year
Provisions for liabilities	and charges	(78,222)			(78,222)
Tota I net assets		2,3zs,aza	258,028	205,315	2,692,827

16	Reconciliation of net income to net cash flow from activities	operating	2021	2021	2020	2020
	Net incoming resources for the year (as on the Statement of Financial Activities)			237,775		177,129
	Adjustments for:
	Depreciation		424		566
	(Gains)/losses on investments		(46,180)		(63,730)
	Dividends, interest and rents from investments		(23,829)		(11,733)
	Income on the sale of property		(267,863)		(125,563)
	(Increase)/decrease in debtors		51,685		(75,626)
	Increase/(decrease) in creditors		6,182		(19,872)
	increase/(decrease) in provisions for liabilities	and charges	(16,223)		(46,973)
				(295,804)		(342,931)
	Net cash provided by (used in) operating activities			(58,029)		(165,802)
17	Analysis of cash and cash equIvalents			31-Dec-21		31-Dec-20
	Cash at bank and in hand (no notice)			88,102		178,336
	Notice deposits (3 months)			723,030		765,458
	Notice deposits (1year)			717,970		464,124
	Total cash and cash equivalents			1,529,102		1,407,918
						At 31
18	Analysis of changes in net debt		At 1fanuary 2021	New Loans	Cash Flows	December 2021
	Loans Falling due within one year			7,032	2,083	9,115
	Loans Falling due after between one and five years			48,518		48,518
	Loans Falling due after more than five years			185,950	(9,114)	176,836
	Totalnet debt			241,500	(7,031)	234,469

					2021	2021	2020	2020
Incoming	Resources	from:
Donations and		legacies
	National Core Funding				217,063		262,302
	Donations	&, Legacies					36
	Outreach	programme
						217,063		262,33S
Other trading		activities
	Fees for preaching,		training	&directories	3,295		2,827
	Letting income				14,220		375
	Ministers'	Conference fees		and donations	6,985
	Sponsorship				2,000
						26,500		2,202
Investment income
	Interest				8,808		10,557
	Dividends	received			801		801
						9,609		22,358
Income from Sale of Property						267,863		225,563
Total incoming		resources				521,035		402,462

							2021 f	2021 f	2020f	2020 f
Expenditure	on charitable activities
Member church			support
			HM Funding				105,076		100,669
			Grants and donations				15,440		31,291
			Training				490		393
Support for Other organisatlons							10,270		9,820
Staff	costs
			Wages and salaries				103,677		95,803
			Property leaseback				30,900		30,900
			Trustees' pension contributions				11,197		9,891
			Social Security				5,687		4,955
			Travel and subsistence				3,567		2,586
Property costs
			Loan interest				7,464
			Rates and Water				7,242		6,660
			Insurance				1,917		2,356
			Repairs and Maintenance				1,589		7,871
Administration		costs
			Telephone				2,930		2,187
			Postage and stationery				1,218		1,226
			Ministers' Conference				7,363		160
			IT and computer costs				889		1,211
			Other expenses				503		695
			Reduction in pension	deficit contribution		liability	(3,776)		(34,877)
			Subscriptions				848		825
			Publicity				255
			Depreciation oftangible		fixed assets		424		566
			Office Costs				296		1,026
			Legal and Professional		Fees		8,863		6,528
			Bank Charges						60
			Trustees' meetings				35
			Independent examiner's		remuneration		4,980		4,810
Total	expenditure		on charitable activities					329,440		288,062
Gains on investment		assets						46,180		63,730
Net incoming/(outgoing)			resources					237,775		177,129