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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||||
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|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|
##
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|5|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|||||
##
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##
|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|
##
##
|14|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|
##
##
|15|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|