(CIO Registration: 1175783) **Trustees Report and Financial Statements for the year ended 31st December 2020** **Newport Pagnell Baptist Church** ## **Trustees Report for the year ended 31 December 2020** The trustees present their report along with the financial statements for the year ended 31 December 2020. This report Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015). ## **Constitution and Objects** Newport Pagnell Baptist Church ("the Church") has operated under a constitution dated 18[th] July 2017, amended 8[th] February 2021, and is registered with the Charities Commission as a Charitable Incorporated Organisation ("CIO") (registration number 1175783) operating as a place of worship. The assets and liabilities of the original charity under which the Church operated (registration number 1127416) were transferred to the CIO with effect 1[st] January 2019. unity, presenting people with the Christian gospel and enable them to live out their faith as part of our Church and in their everyday living. We believe in the one true God who lives eternally in 3 persons Father, Son and Holy Spirit. Aligned to this is our church vision statement: And our church values: - _We are family_ - _We are Bible-centred_ - _We are Spirit-led_ - _We are courageous in mission_ - _We are generous_ - _We are for everyone_ life and faith together, our greatest challenge and opportunity is to find the appropriate balance between being an organisation that exists primarily for its members, and one that exists primarily for those who are not its members. The address of the Church, where the trustees may be contacted, is Lovat Hall, Silver Street, Newport Pagnell, Buckinghamshire MK16 0EJ. ## **Organisation** Although a member of the Baptist Union of Great Britain, Newport Pagnell Baptist Church is (like most British Baptist churches) an independent charity. The ultimate control of the Church is vested in the Church members. At the end of 2020, the Church had 168 (2019 170) members. The members meet together at least five times a year to discharge their business responsibilities. . The Minister is an appointment is open-ended, but terminable by notice on either side. The following continued to serve as Trustees during 2020 continuing their period of office: Steve Wood Senior Minister Keith Bedford Elder Jonathan Longhurst Elder Dick Parris Elder 1 ## **Newport Pagnell Baptist Church** ## **Trustees Report for the year ended 31 December 2020** Andrew Brown Deacon Des Henderson Deacon Sarah Hutton Deacon Grace Inwood Deacon Matthew Main Deacon Mandy Pateman Deacon Sue Richards Deacon Sue Winship Deacon ## **Public benefit policy** d by ethnicity, gender, sexual orientation or religious belief. The trustees attempt to make sure that its building and activities are as . In this way the church provides benefit to its own members, but also to the wider community we serve. This policy has been evident in practice in the last year as the church has played an active part in the Newport Pagnell COVID-19 Response Group. ## **Activities** ## _**Context: a year of change, challenge, and growth**_ 2020 was a year like no other and was dominated by the COVID-19 pandemic. As the year began, our new senior minister, Steve Wood, was less than 3 months into his new role, and by mid-March, the notion of church and all its gathered activities had been stopped for the first time in living memory. The transition required to retain both the inward and outward focus of a church in this context was significant. However, the response in both areas was incredible. The different initiatives either driven by the church, or that the church took an active role in, are outlined in detail below. The very fact that these happened and, in many cases, have continued is commendable, in particular when reflecting on the other areas of progress also made over this time. In January, the church approved the decision to begin recruitment for an Associate Minister, working through the Baptist ress, the church held preliminary interviews with two potential candidates in October. One of these, Peter Young, was taken forward and we ended the year awaiting his visit to lead We have continued to progress the building development project, albeit facing challenges of momentum and fundraising driven by the implications of COVID-19. A highlight of the year was the granting of planning permission for the full redevelopment of the site, which will now take place in phases and as funding allows. The church ended the year with the decision to appoint new architects (switching from Grindleys Architects to Baart Harries Newall (BHN)), based on a combination of factors including cost and ongoing project management. The temporary closure of the building also provided an opportunity to make some significant improvements to décor and facilities within the building, predominantly by volunteers working alone to adhere to lockdown restrictions. As both a church and a community facility, despite the building being closed we ensured its continued availability for the regular Pre-school, NHS Blood Donor and NHS Baby Clinic sessions. Throughout the second half of the year, the church also reviewed its leadership structures and, in November, took the decision to move away from two leadership teams elders and deacons who came together to form the Trusteeship, to one leadership team of elders, all of whom will be trustees. In the year ahead, this will be supported by a concerted effort to find places for all those within the church family to serve. It is hoped that this will enhance both the spiritual and operational direction of the church. As the year went on, and the pandemic continued, attention switched to life after COVID-19. The leadership began exploring how it will re-engage those it has lost touch with through lockdown and the loss of gathered worship/activities, 2 **Newport Pagnell Baptist Church** ## **Trustees Report for the year ended 31 December 2020** as well as seeking to identify opportunities to change its approach or reach new groups within the wider community. This work remains ongoing. In mid-March when lockdown was first introduced across the UK, the church was one of five groups / individuals that came together to create the Newport Pagnell COVID-19 Response group. This initiative created a network of c.30 specific role in communication, financial management, administration (with an extended office team acting as a central coordination point) and distribution e.g., for c.300 stationery/craft kits sent to local schools for those children in greatest need. At this time the church also raised approximately £5,000 towards the COVID-19 Response by a friend and mission partner in Uganda. Our work for the Winter Night Shelter Milton Keynes continued as normal in the first 3 months of the year, with the church providing supervised overnight accommodation and meals to people who would otherwise be sleeping rough during the winter months. Each Tuesday, a group of volunteers enabled fifteen guests to spend an evening in the warmth of the church with games and television available, facilities to wash and dry their clothing, take a hot shower, enjoy hot food and an overnight stay on a comfortabl permanent accommodation and employment. Whilst this was unable to return from November, the church kitchen has provided a space fortnightly for volunteers to prepare food for the al homeless people. As a church family, our primary method of care for one another was through our network of Life groups. These groups were extended to include anyone with contact to the church family, and groups given the role of caring for, and in keeping in touch with both their core and extended membership. Where required, additional support was provided by a central pastoral care team a small group made up of some very loving and generous people. In the main, this has worked well and, in some cases even resulted in those on the fringes re-establishing their links with the church. Over the 12 months, notable support has been provided for those of older generations, many of whom have been isolated throughout. Our usual offering of the Bethany Lunch Club and the monthly Food4Thought church service and afternoon tea were curtailed in March along with everything else. However, a newsletter, including contributions from many existing and past church members, as well as a copy of the Sunday service / message for those who want it, has been produced and distributed to c.60 households every week without fail. In other activities, our MOPs (Mums of Pre-schoolers) group has kept in regular touch with Mums in the community that are part of its community; bonfire night packs containing hot chocolate, marshmallows, and sparklers, were created for members to share wi - Facebook group. ## _**Grow together as a family of disciple-makers**_ We started the year continuing to enjoy the opportunities offered by two Sunday services, each with a slightly different format and feel, offering different experiences according to preference. When the pandemic hit, we moved immediately to online services, pre-recorded, and then streamed on a Sunday morning. This would not have been possible without the dedicated and ongoing support of individuals both qualified and experienced in the delivery of video and audio production. Whilst online services cannot replace the gathered church, we have managed to include many different contributors across the months of Church Online, involved in many different ways and we are grateful for all those who have worked hard to embrace the technology. We have also built-in regular Zoom meetings, enabling greater interaction and we have seen God move in significant ways, despite the format. Throughout the year, although there have been times when we might have moved more quickly to increased church gatherings in the building, our heart has always been for the safety of our church family. In October, as lockdown began 3 **Newport Pagnell Baptist Church** ## **Trustees Report for the year ended 31 December 2020** to temporarily ease, we did return to church in the building (alongside Church Online) for a short period of time. This was curtailed by the return to lockdown in November. At the start of the pandemic, our provision for our children and young people was focused on the occasional familyoriented Church Online, supported by a regular weekly Zoom call, focused on fun and community. At the start of July, we launched Kids Online, a weekly magazine style offering of fitness, games, songs and centred around a Bible story imaginatively brought to life. Children are invited to contribute which has served to help them feel part of the wider church family. A highlight was the four primary schools in Newport Pagnell. Life groups have remained a key focus to help people in their walk with God, in particular through such a challenging few months. Whilst those groups with young families and people of working ages have struggled to meet regularly at times, many of our groups have thrived, finding greater engagement than they might have had otherwise. At key points, groups were invited to all share in the same studies, with materials provided by the church and aligned to Sunday services. involving a lot of quizzes, and the freq completing. Despite the challenges of the situation and the enforced changes in reaching people, it is notable that all of the above activities have seen people engage who might never have otherwise walked through the doors of our church or engage in some of what is offered. This will be a key concern for us as we (hopefully) return to a sense of normality in 2021. Elsewhere, our Churches Together activities have remained strong, with the ministers coming together to record video messages to the community at the start of lockdown, and at Easter. Alternative online solutions were found for some of eplaced by a downloadable Nativity treasure trail. ## _**Summary**_ It has been a challenging year with the nature and shape of church changing beyond recognition. However, there is a sense that, somehow, we enter 2021 in a better place. We have been reminded that church is the people, not the building. We have retained, and possibly even grown, a strong sense of community. We have seen people grow in their faith and walk with God. We have adapted and learnt new ways of connecting and sharing the Good News of Jesus. We have taken opportunities to engage with and show love to the community of which we are part. We thank God for the love and grace He has shown us throughout and, as we look ahead to 2021, pray that we will be open to His leading as we (hopefully) oversee a return to being a gathered church. We look forward to being able to explore new opportunities of service with the arrival during 2021 of our associate minister. The relaxing of Covid restrictions should allow us to make progress on raising funds for the first phase of our building redevelopment, with start on site currently planned for early 2024. ## **Financial Policies and Responsibilities** ## _**Risk Management**_ In accordance with the principles outlined in the document produced by the Charity Commission Charities and Risk the Church maintains a Risk Register that is reviewed by the Trustees at least annually. It identifies threats to the church on reputational and financial bases. Each threat is quantified in terms of the probability of the threat becoming an issue (actually occurring) and the severity of the effect of the issue. Both probability and severity are assessed as High, Medium, Low, Very Low. Should either probability or severity be rated as High, then mitigating or threat reduction processes are put into effect to lower the overall threat level. A monetary sum is held in reserve to offset costs associated with risk threats becoming issues. (See Reserves Policy) 4 **Newport Pagnell Baptist Church** ## **Trustees Report for the year ended 31 December 2020** ## _**Policy on grants and donations by the church**_ The Church adopted its current policy on grants and donations in 2004. In summary: The Church should maintain its level of giving to the Baptist Union of Great Britain Home Mission appeal (channelled through the Central Baptist Association) and the BMS World Mission general appeal at the levels recommended by those charities. As their names imply the former concentrates its activities in this country whereas the latter is focussed on work outside the United Kingdom. 1. The Church should donate the equivalent of two week's income from members of the congregation to charities nominated agreed by the church meeting. 2. Income or profits from specific events may be donated to charities whose objectives are closely aligned to those of the Church. 3. A sum not exceeding 2% of income from members of the congregation should be set aside for charities whose objectives are closely aligned to those of the Church. 4. The Fellowship Fund continues to be open to receive funds for the benefit of members of the Church family in financial need. The Church made donations during 2020 of £26,618 (2019: £42,001), equal to 10.75% of total income (2019: 8%). ## _**Investment Policy**_ The Church holds funds available for investment in liquid assets, primarily cash at bank, to ensure that these are available for use in the Church's charitable activities. These funds are held in interest bearing deposit accounts with instant access at reputable UK-regulated banking institutions which reflect the Church's values and ethos and do not run counter to its aims. ## _**Reserves Policy**_ The funds held in reserve by the Church are based upon the following criteria considered by the Trustees, and with the current sums allocated to each area for the 2021 financial year: 1. Maintenance of services for beneficiaries Commitments to individuals or organisations - £7,000 2. Maintenance of services for beneficiaries Employer obligations - £20,000 3. Funding or loan covenants None - £0 4. Defined Benefit Pension Scheme Employer debt obligation - £0 5. Various unmitigated risks identified in Risk Register - £36,000 6. Opportunities to be determined by the Church Membership for further development of the charity objectives - £86,745 The Reserves Policy is reviewed annually by the Trustees as part of the budget process. ## _**Financial Review**_ The Charity has had a difficult year because of COVID-19 restrictions. Income was significantly reduced to £247,588 (2019: £525,113 which included £192,370 from a specific building fundraising appeal) and expenditure on achieving its charitable activities was £235,889 (2018: £270,191). We are grateful to all our supporters and volunteers without whom this would not have been possible, and to God for His blessings and provision. Income during 2020 was significantly down mainly due to the building being closed from March onwards. This closure affected our lettings income, cash donations generated on a Sunday and our capability to fundraise for our building development. We took advantage of the Governments Furlough Scheme. We were appreciative of all those in the congregation who set up regular monthly standing orders for the ongoing work of the church. 2020 expenditure also slightly down partially due to savings in utilities but includes refurbishment work in the main hall and stage. 5 **Newport Pagnell Baptist Church** ## **Trustees Report for the year ended 31 December 2020** Despite the consequences of COVID-19, the Charity ends the year with satisfactory levels of funds. The Building Fund stands at £232,317 which sets the Charity up well at this stage of its building development plans. General reserves are at an acceptable le weather any financial shocks in the coming year, as well as affording the ability to take advantage of opportunities should they arise. ## _**Trustees' responsibilities in relation to the financial statements**_ The Trustees are responsible for preparing a Trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Applicable law requires the Charity Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing the financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently - observe the methods and principles in the Charities SORP - make judgements and estimates that are reasonable and prudent - state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity hence taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Declaration** . Signature: Full Name: Stephen Paul Wood Position: Chair Date: 6 ## **TO THE TRUSTEES OF NEWPORT PAGNELL BAPTIST CHURCH ('the CIO') CIO Registration: 1175783** I report to the charity trustees on my examination of the accounts of the CIO for the year ended 31st December 2020 which are set out on the following pages. ## **Responsibilities and basis of report** As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the CIO's accounts carried out under section 145 of the Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accou of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Date: Darren Warren FMAAT Paxton Independent Examiners 6 Alfred Street Rushden NN10 6YS ## **NEWPORT PAGNELL BAPTIST CHURCH** ## **Statement of Financial Activities for the year ended 31 December 2020 (including income and expenditure account)** |**Income from:**
Donations and legacies
Charitable activities
Other trading activities
Investments
**Total**
**Expenditure on:**
Raising funds
Charitable activities
Other
**Total**
**Net income/(expenditure)**
**Transfers between funds**
Actuarial gains/(losses) on Defined
Benefit Pension Scheme
**Net Movement in Funds**
**Reconciliation of Funds**
Total funds brought forward
**Total funds carried forward**||Unrestricted
Funds
£|Restricted
Income
Funds
£|**2020**
**£**||Unrestricted
Funds
£|Restricted
Income
Funds
£| |---|---|---|---|---|---|---|---| ||2
2
2
2|162,161
6,024
15,470
203|62,566
242
746
176|224,727
6,266
16,216
379||212,655
38,277
382|272,793
854
152| |||**183,858**|**63,730**|**247,588**|||| ||3
3
3|338
195,947
17,559|54
21,991
0|392
217,938
17,559||925
204,702
13,058|2,100
65,489
0| |||**213,844**|**22,045**|**235,889**|||| |||**(29,986)**
**42,503**|**41,685**
**(42,503)**|**11,699**
**0**||**32,629**
**14,522**|**206,210**
**(14,522)**| |||500|0|500||25,600|0| |||**13,017**|**(818)**|**12,199**||**72,751**|**191,688**| |||211,792|237,751|449,543||139,041|46,063| |||**224,809**|**236,933**|**461,742**||**211,792**|**237,751**| All activities of the charity are considered to be continuing. The accompanying accounting policies and notes form an integral part of these financial statements. ## **NEWPORT PAGNELL BAPTIST CHURCH Balance Sheet as at 31 December 2020** |||||Unrestricted|Restricted|||Unrestricted|Restricted||| |---|---|---|---|---|---|---|---|---|---|---|---| |||||Funds|Income|**2020**||Funds|Income||**2019**| ||||||Funds||||Funds||| |||||£|£|**£**||£|£||**£**| |**Fixed assets**|||||||||||| |Tangible assets|||4|113,834|0|113,834||82,975|0||82,975| |Investment||||0|100|100||0|100||100| ||**Total fixed assets**|||**113,834**|**100**|**113,934**||**82,975**|**100**||**83,075**| |**Current assets**|||||||||||| |Debtors|||8|16,060|5,812|21,872||9,499|2,360||11,859| |Cash at bank and in hand||||152,688|232,564|385,252||170,835|235,291||406,126| |**Total current assets**||||**168,748**|**238,376**|**407,124**||**180,334**|**237,651**||**417,985**| |**Liabilities**|||||||||||| |Creditors: amounts falling due within
one year|||8|(10,373)|(1,543)|(11,916)||(3,617)|0||(3,617)| |Defined benefit pension scheme
liability||||(47,400)|0|(47,400)||(47,900)|0||(47,900)| |**Net current**|**assets/(liabilities)**|||**110,975**|**236,833**|**347,808**||**128,817**|**237,651**||**366,468**| |**Total assets less current**
**liabilities**||||**224,809**|**236,933**|**461,742**||**211,791**|**237,751**||**449,543**| |**Total Net Assets**||||**224,809**|**236,933**|**461,742**||**211,791**|**237,751**||**449,543**| |**The funds of the**|**charity:**||||||||||| |Restricted funds|||9|0|236,933|236,933||0|237,751||237,751| |General fund|||9|149,745|0|149,745||166,674|0||166,674| |Designated funds|||9|122,464|0|122,464||93,018|0||93,018| |Pension reserve|||9|(47,400)|0|(47,400)||(47,900)|0||(47,900)| |**Total charity funds**||||**224,809**|**236,933**|**461,742**||**211,792**|**237,751**||**449,543**| |Signed on behalf of all of the|||Trustees|||Print Name|||Date of Approval||| ||||||||||14th April 2021||| ## **NEWPORT PAGNELL BAPTIST CHURCH Financial statements for the year ended 31 December 2020** ## **Notes forming part of the financial statements.** ## **Note 1 Accounting policies** **(a) Basis of accounting** The financial statements have been prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) (Charities SORP (FRS102)) and the Charities Act 2011. **(b) Basis of consolidation** The group financial statements consolidate those of the Charity and its subsidiary undertaking (see note 7) drawn up to 31 December 2020. The results of the non-charitable trading subsidiary have been incorporated on a line-by-line basis. Surpluses or deficits on intra-group transactions have been eliminated in full. **(c) Going concern** These financial statements have been prepared on a going concern basis. **(d) Incoming resources** All monetary donations and gifts are included in full in the statements of financial activities when receivable. The value of services provided by volunteers has not been included. Donations under Gift Aid, together with the associated income tax recoveries, are credited as income when donations are receivable. Investment income is recognised when receivable. **(e) Resources expended** Resources expended are charged in the Statement of Financial Activities on an basis, inclusive of VAT which cannot be recovered. **(f) Tangible fixed assets** Tangible fixed assets are capitalised at cost and depreciated on a straight-line basis over the following estimated useful lives: |Freehold building (Lovat Hall)|25 years| |---|---| |Fixtures, fittings, and equipment|5-10 years| |Plant and machinery|5-10 years| No value has been attributed to the freehold land on which Lovat Hall stands in view of the restrictions placed upon its alternative use by planning consents, its location and condition. Assets (or groups of assets) costing less than £500 are not capitalised. **(g) Debtors** Short term debtors are measured at transaction price, less any impairment. **(h) Cash** Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 30 days. **(i) Creditors** Short term creditors are measured at transaction price. **(j) Pension costs** The Church is an employer participating in a pension scheme known as the Baptist Pension (Baptist Pension Trust Limited). The Minister(s) are eligible to join the Scheme, which is not contracted out of the State Second Pension. From January 2012, pension provision is being made through the Defined Contribution (DC) Plan within the Scheme. into individual pension accounts, which are operated and managed on behalf of the Pension Trustee by Legal and General Life Assurance Society Limited. In addition, the employer pays a further 4% of Pensionable Income (or 3% if the employer is in the segregated DC section) to cover Death in Service Benefits, administration costs, and an associated insurance policy which provides income protection for Scheme members in the event that they are unable to work due to long-term incapacity. This income protection policy has been insured by the Baptist Union of Great Britain with Unum Limited. Members of the Basic Section pay reduced contributions of 5% of Pensionable Income, and their employers also pay a total of 5%. Benefits in respect of service prior to 1 January 2012 are provided through the Defined Benefit (DB) Plan within the Scheme. The main benefits for pre-2012 service was a defined benefit pension of one eightieth of Final Minimum Pensionable Income for each year of Pensionable Service, together with additional pension in respect of premiums paid on Pensionable Income in excess of Minimum Pensionable Income. The Scheme, previously known as the 2011. ## **NEWPORT PAGNELL BAPTIST CHURCH Financial statements for the year ended 31 December 2020** A formal valuation of the Defined Benefit (DB) Plan was performed at 31 December 2019 by a professionally qualified Actuary using the Projected Unit Method. The market value of the DB Plan assets at the valuation date was £300 million. The valuation of the DB Plan revealed a deficit of assets compared with the value of liabilities of £18 million As a result of the valuation, in addition to the contributions to the DC Plan set out above, it was agreed to increase the standard rate of deficiency contributions from churches and other employers involved in the DB Plan from 11% of Pensionable Income / Minimum Pensionable Income to be based on a 12% rate from 1 January 2016. The contributions are based on each churches as at March 2015. Some churches and other employers that were only involved in the DB Plan for a short period now pay less than 12%. The Recovery Plan envisages deficiency contributions continuing until 30 June 2026. During 2005 the trustees decided that all remaining posts should be pensionable from 1 January 2006. All four nonministerial employees have opted into this scheme and are enrolled in a Group Stakeholder Pension Scheme with ReAssure. The contributions charged in the year are shown in Note 3. **(k) Fund accounting** Charity law requires the net assets of the Church to be accounted for within a number of funds. **Unrestricted funds** discretion of the trustees. ives at the - i. _The General Fund_ this is the fund through which the general activities of the Church are recognised. - ii. _Designated Funds_ - these are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects. The Church operates the following designated funds. - The fixed assets fund represents the net book value of tangible fixed assets. Each year an amount representing the movement in the net book value of such assets is transferred to or from the fund. , ations) - Parent & Toddler Group - Bethany Centre (lunch club for the elderly) - Food4Thought (monthly afternoon service and tea for the elderly) - MOPS (Mothers of pre-school age children) - The Development Fund (to finance the - NP COVID-19 Response (administered on behalf of the community) **Restricted funds** These are funds that can only be used for particular restricted objects. Restrictions arise when specified by the donor or when funds are raised for particular purposes. The Church operates the following restricted funds. - i. Income Funds These are expendable funds of which the Church has the following. The income and expenditure of these funds is shown in the restricted fund column of the notes - The Charity Appeals Fund is used to administer donations payable to institutions and projects other than those amounts paid from the general fund. - The Fellowship Fund exists to provide help to members of the church family in financial need. - The Buildings Fund exists to administer income and expenditure related to the Buildings Development Project. - ii. Endowment (capital) Funds These are permanent funds. The Church has no funds in this category. ## **NEWPORT PAGNELL BAPTIST CHURCH CIO - Year Ending 31st December 2020** **Note 2 - Analysis of Income** ||Unrestricted
Funds
£|Restricted
Income Funds
£|**2020**
**£**|Unrestricted
Funds
£|Restricted
Income Funds
£|**2019**
**£**| |---|---|---|---|---|---|---| |**Donations and legacies**
Donations and gifts
Charitable activities
Other|162,161
6,024|62,566
242
746|224,727
6,266
746|190,856
12,734
9,065|270,793
0
2,000|461,649
12,734
11,065| |**Other trading activities**
Letting of premises
Other|**168,185**
14,375
1,095|**63,554**
0|**231,739**
14,375
1,095|**212,655**
37,125
1,152|**272,793**
0
854|**485,448**
37,125
2,006| |**Investments**
Bank interest|**15,470**
203|**0**
176|**15,470**
379|**38,277**
382|**854**
152|**39,131**
534| ||**203**|**176**|**379**|**382**|**152**|**534**| |**Total income**|**183,858**|**63,730**|**247,588**|**251,314**|**273,799**|**525,113**| **Note 3 - Analysis of Expenditure** ||Unrestricted
Funds
£|Restricted
Income Funds
£|**2020**
**£**|Unrestricted
Funds
£|Restricted
Income Funds
£|**2019**
**£**| |---|---|---|---|---|---|---| |**Raising funds**
Fundraising costs
Goods for resale|338
0|54
0|392
0|0
925|2,100
0|2,100
925| |**Charitable activites**
Personnel (see Note 5)
Donations and grants (see Note 6)
Utilities
Repairs and maintenance
Youth work
Legal & professional
Printing and photocopying
Trade subscriptions and memberships
Other|**338**
104,801
24,142
8,259
17,933
7,872
39
4,376

3,020
25,505|**54**
0
2,251
0
0
0
1,403
0
0
18,337|**392**
104,801
26,393
8,259
17,933
7,872
1,442
4,376
3,020
43,842|**925**
109,752
20,514
14,961
17,200
9,998
0
4,594
4,380
23,303|**2,100**
0
21,487
0
1,500
0
41,431
0
0
1,071|**3,025**
109,752
42,001
14,961
18,700
9,998
41,431
4,594
4,380
24,374| |**Other expenditure**
Depreciation(see Note 4)|**195,947**
17,559|**21,991**
0|**217,938**
17,559|**204,702**
13,058|**65,489**
0|**270,191**
13,058| ||**17,559**|**0**|**17,559**|**13,058**|**0**|**13,058**| |**Total expenditure**|**213,844**|**22,045**|**235,889**|**218,685**|**67,589**|**286,274**| |**Note 4 - Capital Assets**
Cost 01-Jan-20
Additions
Cost 31-Dec-20
Dep 01-Jan-20
Depreciation
Dep 31-Dec-20
NBV 01-Jan-20
NBV 31-Dec-20|**Land &**
**Buildings**
**Plant and**
**Machinery**
**Fixtures**
**Fittings**
**and**
**Equipmen**
**t**
**Totals**
£
£
£
£
138,159
88,590
199,005
425,754
2,832
3,083
42,503
48,418| |---|---| ||140,991
91,673
241,508
474,172
-107,825
-69,083
-165,870
-342,778
-6,787
-3,156
-7,616
-17,559| ||-114,612
-72,239
-173,486
-360,337
30,334
19,507
33,135
82,976
26,379
19,434
68,022
113,834| ## **Note 5 - Personnel Costs** |The average number of employees during the year was|The average number of employees during the year was||,2020|,2019| |---|---|---|---|---| |Full time|||2|1 1/2| |Part time|||3|3 1/4| ||||5|4 3/4| |The cost of employing these staff was as follows||||| |**2020**|**Ministry**|**Preaching Fees**|**Other staff**|**Total**| ||£|£|£|£| |Salaries & wages|22,584|0|54,721|77,305| |National insurance contributions|1,124|0|1,139|2,263| |Pension contributions|7,459|0|5,348|12,807| |Accommodation costs|12,426|0|0|12,426| ||43,593|0|61,208|104,801| |**2019**|**Ministry**|**Preaching Fees**|**Other staff**|**Total**| ||£|£|£|£| |Salaries & wages|27,903|0|46,840|74,743| |National insurance contributions|2,062|0|1,468|3,530| |Pension contributions|9,518|0|4,329|13,847| |Accommodation costs|17,632|0|0|17,632| ||57,115|0|52,637|109,752| |||||| One trustee, Rev Steve Wood, received remuneration in his role as Senior Minister of the Church. Details are included above. He was entitled to receive travelling expenses which he declined. Except as stated above no trustee or connected person has received remuneration or expenses requiring disclosure in addition to the employee costs disclosed above as required by the SORP, certain other costs have been classified as personnel costs (including volunteers expenses). |Employee costs as shown above
Travel costs
Training costs
Recruitment costs|**Unrestricted**
**funds 2020**
**Restricted**
**funds 2020**
**Total funds**
**2020**
**Total funds**
**2019**
£
£
£
£
104,801
0
104,801
109,752
53
0
53
366
823
0
823
58
786
0
786
0| |---|---| ||106,463
0
106,463
110,176| ## **Note 6 - Donations Made** |**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Total 2020**
**Total 2019**
**£**
**£**
**£**
**£**
**£**
Baptist Home Mission
8,650
0
0
8,650
8,550
Baptist World Mission
8,550
0
226
8,776
9,010
Tearfund
0
0
0
0
360
Ghana Charity
4,320
0
0
4,320
0
Milton Keynes Bridgbuilder Trust
2,160
0
0
2,160
1,980
Practical support for members of the c
0
0
2,250
2,250
21,027
Other
462
0
0
462
1,074
**24,142**
**0**
**2,476**
**26,618**
**42,001**
**Note 7 - Fixed Asset Investment**
Restricted
Income Funds
**Total**
**2020**
Restricted
Income
Funds
**Total**
**2019**
£
£
£
Historical cost and net book value
100
100
100
100|**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Total 2020**
**Total 2019**
**£**
**£**
**£**
**£**
**£**
Baptist Home Mission
8,650
0
0
8,650
8,550
Baptist World Mission
8,550
0
226
8,776
9,010
Tearfund
0
0
0
0
360
Ghana Charity
4,320
0
0
4,320
0
Milton Keynes Bridgbuilder Trust
2,160
0
0
2,160
1,980
Practical support for members of the c
0
0
2,250
2,250
21,027
Other
462
0
0
462
1,074
**24,142**
**0**
**2,476**
**26,618**
**42,001**
**Note 7 - Fixed Asset Investment**
Restricted
Income Funds
**Total**
**2020**
Restricted
Income
Funds
**Total**
**2019**
£
£
£
Historical cost and net book value
100
100
100
100|**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Total 2020**
**Total 2019**
**£**
**£**
**£**
**£**
**£**
Baptist Home Mission
8,650
0
0
8,650
8,550
Baptist World Mission
8,550
0
226
8,776
9,010
Tearfund
0
0
0
0
360
Ghana Charity
4,320
0
0
4,320
0
Milton Keynes Bridgbuilder Trust
2,160
0
0
2,160
1,980
Practical support for members of the c
0
0
2,250
2,250
21,027
Other
462
0
0
462
1,074
**24,142**
**0**
**2,476**
**26,618**
**42,001**
**Note 7 - Fixed Asset Investment**
Restricted
Income Funds
**Total**
**2020**
Restricted
Income
Funds
**Total**
**2019**
£
£
£
Historical cost and net book value
100
100
100
100| |---|---|---| |Historical cost and net book value|Restricted
Income Funds
**Total**
**2020**
Restricted
Income
Funds
£
£
£
100
100
100|**Total**
**2019**
100| During 2019, the Charity incorporated a subsidiary undertaking, Newport Pagnell Baptist Church Development Ltd. The carrying value of the investment of £100 (2019: £100) consists of the cost of 100 ordinary shares of £1 each, being 100% of the issued share capital in Newport Pagnell Baptist Church Development Ltd, which provides development services to the charity. ## **Note 8 - Debtors and Creditors** |**Debtors**
Prepayments
Recoverable Gift Aid
Debtors control a/c|**Unrestricted**
**Funds**
£
1,095
13,034
1,662
**15,791**|**Designated**
**Funds**
£
0
269
0
**269**|**Restricted**
**Funds**
£
0
4,774
1,038
**5,812**|**Total 2020**
£
1,095
18,077
2,700
**21,872**|**Total 2019**
£
990
9,694
1,175
**11,859**| |---|---|---|---|---|---| |**Creditors (due within one year)**
Creditors
Accrued expenses|**Unrestricted**
**Funds**
£
3,566
4,320
**7,886**|**Designated**
**Funds**
£
1,615
872
**2,487**|**Restricted**
**Funds**
£
72
1,472
**1,544**|**Total 2020**
£
5,253
6,664
**11,917**|**Total 2019**
£
2,835
1,830
**4,665**| |---|---|---|---|---|---| |**Creditors (due after one year)**
**Provisions for liabilities**|||||| ||**0**
**0**
**0**
**0**
**0**||||| ||**0**
**0**
**0**
**0**
**0**||||| ## **Note 9 - Movement in Funds** |**Fund name**
General fund
Bethany
Boys' Brigade
Fixed Assets
Food for Thought
Girls' Brigade
MOPS
Parent and Baby
Charity Donations
Fellowship Fund
LH Developmant Fund
NP COVID-19 Response
Pensions Reserve
**Total Funds**|**Balance at**
**01 Jan 20**
£
166,673
2,014
142
82,975
1,587
349
442
5,509
0
2,218
235,533
0
-47,900|**Income**
£
175,288
1,101
3,335
1,600
229
695
416
1,195
9,440
2,574
47,045
4,670|**Expenditu**
**re**
£
-188,101
-1,050
-4,016
-17,559
-101
-1,270
-491
-1,256
-9,440
-2,190
-7,758
-2,658|**Transfers**
£
-4,115
0
600
46,818
0
0
0
-800
0
0
-42,503
0|**Gains and**
**losses**
£
0
0
0
0
0
0
0
0
0
0
0
0
500|**Balance**
**at 31 Dec**
**20**
£
149,745
2,065
61
113,834
1,715
-226
367
4,648
0
2,602
232,317
2,012
-47,400| |---|---|---|---|---|---|---| ||**449,543**|**247,588**|**-235,889**|**0**|**500**|**461,742**| ## **Note 10 - Related party transactions** Transactions with other Baptist bodies Newport Pagnell Baptist Church is an independent charity. The church is in membership of the Central Baptist Association and the Baptist Union of Great Britain. The Baptist Union Trust Corporation is custodian trustee of Lovat Hall. No fees are payable for this service. ||**Unrestricted**
**Funds**
**£**|**Designated**
**Funds**
**£**|**Restricted**
**Funds**
**£**|**Total 2020**
**£**|**Total 2019**
**£**| |---|---|---|---|---|---| ||||||| |**Income**|**0**|**0**|**0**|**0**|**0**| ||||||| |**Expenditure**
Subscription to Baptist Union of Great Britain
Insurance provided by Baptist Insurance Coy.PLC
Payments to Baptist Ministers' Pension Fund|841
1,935
7,518|0
0
0|0
0
0|841
1,935
7,518|777
1,993
9,518| ||**10,294**
**0**
**0**
**10,294**||||**12,288**|