2022-12-31-accounts - Central Baptist Association

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					Page
Legal and Administrative	Information
Trustees' Report (Including Directors' Report)					3-6
Auditor's Report					7-9
Statement ofFinancial	Activities	- Current	Financial Year		10
Statement ofFinancial	Activities	- Prior Financial Year
Statement ofFInandal	Position				12-13
Statement ofCash Flows
Notes tothe Financial Statements					15-26
The following pages do	not form	part ofthe statutory		financial statements:
Detailed Statement ofFinandal		Activities			27-28

Trustees	Reverend M CHider	Moderator ofthe Trustees - Appointed	Moderator ofthe Trustees - Appointed	2 July 2022	2 July 2022
	Reverend LK Kerry	Regional Ministry Team Leader - Appointed			2July 2022
	Reverend 5J Carver
	Reverend G K Colmer	Resigned 2July 2022
	Reverend 5ECrane-West	Resigned 1July 2023
	Reverend T5 Edworthy	Appointed 6October 2022
	Mr R D Farrant
	Reverend R EGookey	Appointed 2July 2022, Resigned 6October			2022
	Mrs 6Grlffiths	Appointed 1July 2023
	Reverend T LHaines	Appointed 31March 2022
	Mr FWJohnston
	Mrs M JJohnston	Resigned 1July 2023
	Dr A P Kerry	Resigned 1July 2023
	Reverend CA Murray	Resigned 2 July 2022
	Mrs 5M O' Shea	Appointed 1July 2023
	Mr P EWalls	Appointed 1July 2023
Company Secretary	Reverend AJOpenshaw	Appointed 3January 2023
	Reverend 5 LCopson	Resigned 3January 2023
Regional Ministry Team	Reverend L K Kerry	Regional Ministry Team Leader - Appointed			2July 2022
	Reverend M Moody	Regional Minister - Appointed	1September		2022
	Reverend AJOpenshaw	Regional Minister - Appointed	1January	2023
	Reverend N PToseland	Regional Minister - Appointed	1December		2022
	Mrs D Forsyth	Safeguarding Office - Appointed 27June 2022
Charity number	1090606
Company number	4319194
Registered ONce	14Sedgwick Street
	Haddenham
	Ayles bury
	HP17 SFF
Auditor	Seymour Taylor Limited
	57 London Road
	High Wycornbe
	Buckinghamshlre
	HP11 185

Current financial r			Unrestricted funds	Restricted funds	EndoWment funds	Total	Total
			2022	2022	2022	2022	2021
		Notes
Income and Endowments from:
Donations and legacies			267,438			267,438	217,063
Other trading activities			84,608	375		&4,983	26,500
Investment income			17,786	5,110		22,896	9,609
Sale ofredundant member	church property		198,288			198,288	267,863
Total Income			568,120	5,485		573,605	521,035
Expenditure on Charitable activities			340,460	1,200		341,660	329,440
Gains and losses on investment	assets		(102,952}			(102,952)	46,180
Net incoming/ resources before	transfers	5	124,708	4,285		12&,993	237,775
Transfers between funds
Net Incoming resources			124,708	4,285		128,993	237,775
Total funds at 1January 2022			2,565,040	259,237	105,315	2,929,592	2,691,817
Total funds at31December 2022			2,689,748	263,522	105,315	3,05&,585	2,929,592

			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds
			2021	2021	2021	2021	2020
							asrestoftd
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
Sale ofredundant member	church	property	267,863			267,863	125,563
Total Income			518,875	2,160		521,035	401,461
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	177,129
Transfers between funds
Net Incoming resources			236,565	1,210		237,775	177,129
Total funds at 1January 2021as previously stated			2,328,475	258,027	105,315	2,691,817	2,427,565
Prior year adjustment							87,123
Total funds at 1January 2021			2,328,475	258,027	105,315	2,691,817	2,514,688
Total funds at31December 2021			2,565,040	259,237	105,315	2,929+92	2,691,817

			Notes	31December	2022	31December	2022
				E		6
FIxed assets
Tangible Assets					634,264			783,746
Investments			10		791,821			894,773
					1,426,085		1,678,519
Current assets
Debtors falling due		after one year		12,500		17,500
Debtors falling due		within one year		21,237		20,927
Cash at bank	and in	hand		1,866,393		1,529,202
				1,900,130		1,567,519
Uabllitles
Creditors: Amounts		falling due within one year	12	48,437		29,093
Net current assets					1,851,693		2,538,426
Total assets less current liabilities					3,277,778		3,216,945
Creditors: Amounts	falling	due after one year	12		(219,193)		(225+54)
Provisions for liabilities and charges			13					(62,999)
									'
Total net assets					3,058,585		2,929,592
The funds ofthe charfty			14
'Unrestricted	funds			2,496,5SS		2,367,905
Revaluation	reserve	- Unrestricted		193,160		197,135
					2,689,748		Z,565,040
Restricted funds					263,522			259,Z37
Endowment	funds				10$,315			105,315
Total funds			15		3,058,585		2,929,592

			2022	2022	2021	2021
			E	E	6	6
Cash flows from operating activities:
Net cash provided by (used in) operating activities				(70,278)		(37,326)
Cash flows from Investing activities:
Dividends and interest from investments			22,897		9,610
Sale ofredundant member church	property		198,288		267,863
Sale offreehold land and buildings			206,960
Purchase oftangible fixed assets			(2,742)		(346,948)
Net cash provided by (used in) investing		activities		425,403		(69,475)
Cash flows from financing activities:
Repayments ofborrowing			(17,834)		(13,515)
Cash Inflows from new borrowing					241,500
Net cash provided by (used in) financing		activities		(17,834)		227,985
	1
Change in cash and cash equivalents in	the year			337,291		121,184
Cash and cash equivalents at 1January	2022			1,529,102		1,407,918
Cash and cash equivalents at31December 2022				1,866,393		1,529,102

3	Other trading activities		Unrestricted	Restricted		Restrfcted
			2022	2022	2021	2021
	Profit on sale offreehold land and property		56,210
	Letting Income		17,264	375	13,805	415
	Preaching, training	and directory fees	1,409		3,295
	Conference fees and donations		8,225		6,985
	Sponsorship		1,500		2,000
				375	26,085	415
4	Investment Income		Unrestricted	Restricted
			2022	2022	2021	2021
	Interest receivable		16,985	5,110	7,063	1,745
	Dividends receivable		801
			17,786	5,110	7,864	1,745
5	Net Incoming resources		Unrestricted	Restricted	Unrestrfcted	Restricted
			2022	2022	2021	2021
	Net Incoming resources	are stated after
	charging:
	Auditor's / Independent	examiner's fee	11,450		4,980
	Grant Funding ToThird	Parties:
	Home Mission funding to member churches		111,658		105,076
	Repair 8 maintenance grants to member churches		18,657		10,088
	Dream grants to member churches				2,250
	Other grants to member churches		180	1,200	2,152
	Support for other organisations		11,515		10,270
			142,010	1,200	129,836	950

Employees
Number afemployees
The average monthly	number ofemployees		during the year was:		2022	2021
Regional ministers
Administrator
Safeguarding Office
Employment costs in the year were.					2022	2021
					E	E
Wages and salaries					112,345	103,677
Housing costs					41,200	30,900
Sodalsecurity costs					5,608	5,687
Employer contributions		to defined contribution		pension schemes	10,628	11,197
					169,781	151,461

Tangible Fixed Assets			Freehold Land & Property	OfRce Equipment	Total
Cost orvaluation
At 1January 2022			782,472	9,518	791,990
Additions			1,943	799	2,742
Disposals			(150,750)	(9,518)	(160,268)
At31December 2022			633,665	799	634,464
Depreciation and impairment
At 1January 2022				8,244	8,244
Depredation released	on disposal	in the year		(8,244)	(8,244)
Depredation charged	in the year			200	200
At31December 2022				200
Carrying amount
At31December 2022			633,665	599	634,264
At 1January 2022			782,472	1,274	783,746

10	Investments		Listed Investments	Unlisted investments	Total
	Valuation at01January 2022		878,748	16,025	894,773
	(Reduction) in the year		(102,952)		(102,952)
	Valuation at31December 2022		775,796	16,025	791,821
11	Debtors		31December 2022		31December 2021
	Amounts faglng due after more than	one year
	Loans to member churches		12,500		17,500
	Amounts falling due within one year				f
	Loans to member churches		17,500		17,500
	Other debtors		805		841
	Prepayments		2,930		2,576
			21,235		20,917
12	Creditors		31December 2022		31December 2021
	Amounts falling due within one year		f		f
	Loans		7,687		9,115
	Trade creditors		868		752
	Sodal security and other taxes		2,860		2,194
	Other creditors		21,121		11,789
	Accruals and deferred income		15,901		5,243
			48,437		29,093
	Amounts falling due after more than	one year
	Loans (ofwhich f184,098is repayable	after more than five years)	219,193		225,354

Section 28.11Aof FRS the table below.	102requ	ires agreed	deficit recovery payments	to be recognised as a liabil	ity. The movem	ent in the provision	isset out in
					2022	2021
					E	6
Balance sheet liability at the start ofthe year					61,999	78,222
Deficiency contributions paid					{7,953)	(13,428)
Interest cost					1,161	981
Remaining change to balance sheet liability					{55,207)	(3,776)
Balance sheet liability at year end						61,999
This liability represents	the present value ofthe defidt contributions			agreed asatthe accounting	date and has been valued using the following
assumptions set by reference tothe duration ofthe deficit recovery				payments:
Accounting date					2022	2021	2020
Discount Rate					5.7%	2.0%	1.4%
Future increases to Minimum		Pensionable	Income		3.396	4.1%	3.0%
Pension contributions	made tothe scheme		In addition tothe
defidency contributions	were:
					2022	2021
					E	E
Employee					8,913	9,020
Employer					11,047	11,197
					19,960	20,217

Funds (CONTINUED)
Movement in Funds					At 1January 2022	Net Movement In funds	At31December 2022
Unrestricted Funds
General Fund					1,853,544	210,004	2,063,548
CBA Loan Fund					189,276	1,870	191,146
NNB Capital Account					2,292	26	2,318
NNB Christchurch	Manse Fund				56,924		56,925
NNB Emmanuel Manse		Fund			131,419	2,356	133,775
NNB Roade Manse Fund					48,363	311	48,674
Team Leader's Confidential				Fund		202	202
Pension Reserve Fund					86,087	(86,087)
					2,367,905	128,683	2,496,588
Revaluation Reserve -	Unrestricted
GeneralFund					3,975	(3,975)
NNB Christchurch	Manse Fund				193,160		193,160
					197,135	{3,975)	193,160
Restricted Funds
Beds Ridgmont Building			Fund		88,836		89,700
Bierton Land Trust	Fund				9,132	538	9,670
Buckinghamshire	Baptist		Youth Fund		490		495
Bucks Ford ChapelTrust			Fund		71,572	1,704	73,276
Denton Baptist Church		Fund			699	205	904
Ford Manse Trust	Fund				18,213	987 .	19,200
Herts Capital Building Fund					2,298	41	2,339
Herts Well Wisher	Fund				10,769	(1,079)	9,690
NNB Guilsborough	Trust				56,356	1,010	57,366
NNB Parker Gray Fund					872	10
					259,237	4,285	263,522
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					2,929,592	128,993	3,058,585

Net movement offunds included	Net movement offunds included	in	Incoming	Resources	Gains and	Transfer	Transfer	Net Movement in
the above			Resources	Expended	losses	between	funds	Funds
Unrestricted Funds
General Fund			563,354	(340,460)	(98,977)	86,087		210,004
General Fund Revaluation	Reserve				(3,975)			{3,975)
CBA Loan Fund			1,870					1,870
NNB Capital Account			26					26
NNB Christchurch Manse	Fund
NNB Emmanuel Manse Fund			2,356					2,356
NNB Roade Manse Fund			311					311
Team Leader's Confidential		Fund	202					202
Pension Reserve Fund						(86,087)		(86,087)
			568,120	{340,460)	(102,952)			124,708
Restricted Funds
Beds Ridgmont Building	Fund		864
Bierton Land Trust Fund			538					538
Buckinghamshire Baptist	Youth Fund
Bucks Ford Chapel Trust	Fund		1,704					1,704
Denton Baptist Church Fund			205					205
Ford Manse Trust Fund			987					987
Herts Capital Building Fund			41					41
Herts Well Wisher Fund			121	(1,200)				(1,079)
NNB Guilsborough Trust			1,010					1,010
NNB Parker Gray Fund			10					10
			5,485	(1,200)				4,285

Analysis ofNet Assets by Type ofFund	Unrestricted Funds	Restricted Funds	Endowment Funds	TotalFunds
	31Dec2022	31Dec2022	31Dec2022	31Dec2022
	f	E		f
Fixed assets
Tangible Assets	599,489		34,775	634,264
Investments	791,821			791,821
Current assets
Debtors falling due after one year	12,500			12,500
Debtors falling due within one year	21,237			21,237
Cash at bank and In hand	1,532,331	263,522	70,540	1,866,393
Uabilltles
Creditors falling due within one year	(48,437)			(48,437)
Creditors falling due after one year	(219,193)			(219,193)
Provisions for liabilities and charges
Total net assets	2,689,748	263,522	105,315	3,058,585
or'	31Dec2021	31Dec2021f	31Dec2021 f	31Dec2021f
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
Uabilitles
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)			(61,999)
Total net assets	2,565,040	259,237	105,315	2,929,592

								2022	2022	2021	2021
								E	E	E	E
Expenditure	on charitable activities
Member church			support
			HM Funding					111,658		105,076
			Grants and donations					20,037		15,440
			Training					1,605
Support forOther organisaUons								11,515		10,270
Staff	costs
			Wages and salaries					112,345		103,677
			Property leaseback					41,200		30,900
			Trustees' pension contributions					10,628		11,197
			Pension deficit interest					1,161		981
			Social Security					5,608		5,687
			Travel and subsistence					10,229		3,567
			Staff recruitment					6,955
			Removal expenses					3,694
			Staffconferences and training					1&337
			(Reduction) in pension	deficit contribution			liability	(55,207)		(3,776)
			Loan interest					10,247		6,483
			Rates and Water					7,810		7,242
			Insurance					2,307		1,917
			Repairs and Maintenance					1,657		2,589
Administration		costs
			Telephone					2,227		2,930
			Postage and stationery					1,908		1,218
			Ministers' Conference					9,889		7,363
			ITand computer costs							889
			Other expenses					531		503
			Subscriptions					867
			Publicity					1,427		255
			Depreciation oftangible		fixed assets			200
			Loss on disposal oftangible fixed assets					1,273
			Office Costs					389		296
			legal and Professional	Fees				5,987		8,863
			Bank Charges					81
			Trustees' meetings
			Auditor's / Independent		examiner's	remuneration		11,450		4,980
Total	expenditure		on charitable activities						341,660		329,440
(Loss)/ Gains on investment assets									(102,952)		46,180
Net Incoming/(outgoing)			resources						128,993		237,775
								This page does not form part ofthe statutory finandal			statements