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|---|---|---|---|---|---|
|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|||||
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|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|
##
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||||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|||
##
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||||Note|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|
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|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||
##
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|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|
##
##
|15|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|
##
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|||||||||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|