2022-12-31-accounts - Newport Pagnell Baptist Church

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s Report forthe yea	r ended 31 D	ecember	ecember	2022
Keith Bedford	Elder (term	expired		25'"April 2022)
Jonathan Longhurst	Elder (term	expired		25'" April 2022)
Margaret Mulwa	Elder
Andrew Brown	Elder
Sue Winship	Elder
Alex Millington	Elder (appointed		25'"April 2022)

			Unrestricte d Funds	Restricted Income Funds	2022	Unfestncte d Funds	Restricted Income Funds	2021
Income and endowments		from
Donations and legacies			180,064	415,451	595,514	172,342	99,499	271,842
Charitable Activities			19,017	2,935	21,952	6,153	377	6,531
Other trading activities			34,641	172	34,813	22,445	0	22,445
Investments			559	1,639	2,198	21	17	38
Total			234,281	420,197	654,477	200r962	89,894	300,856
Expenditure on:
Raising funds			1,545	7,206	8,751	28	2	30
Charitable activities			246,003	86,282	332,285	224,374	104,902	329,275
Other			16,614	0	16,614	20,061	0	20,061
Total			264,162	93,489	357,651	244r463	104,904	348,367
Net income/expenditure		+I-	-29,882	326,708	296,826	%3r501	%,010	%8,510
Net gains/losses on
investments
Net income/expenditure			-29,882	326,708	296,826	%3r501	Rr010	%8,510
Extraordinary Items			0	0	0	0	0	0
Transfers between	funds		48,099	%8,099	0	14,437	-14,437	0
Other recognised
gains/losses
Other ains/(losses			31,800		31,800	15,600	0	15,600
Net Movement in Funds			50,017	278,609	328,626	-13,464	-18+7	-32,910
Reconciliation ofFunds
Total funds brought	forward		211,345	217,486	428,832	224,809	236,933	461,742
Total funds camed	forward		261,363	496,095	757,458	211,345	217,486	428,832

		Unrestricte d Funds	Restricted Income Funds	2022	Unrestricte d Funds	R trict d Income Funds	2021
Fixed assets
Tangible assets		142,689	0	142,689	110,270	0	110,270
Investments		0	100	100	0	100	100
Total fixed assets		142,689	100	142,789	110,270	100	110,370
Current assets
Debtors		9,305	8,099	17,404	7,421	8,453	15,873
Cash at bank and in hand		113,908	492,468	606,376	134,991	209,168	344,159
Total current assets		123,214	500,567	623,780	142,412	217,820	380,032
Liabilities
Creditors: amounts within one year	falling due	4,539	4,571	9,111			9,770
Defined Benefit pension scheme liability					31,800		31,800
Total current liabilities		4,539	4,571	9,111	41,338		41,5'70
Net current assetslliabilities		118,674	495,995	614,670	101,078	217,388	318,482
Total Net Assets		261,363	496,095	757,458	211,345	217)488
The funds ofthe charity:
Restricted Income Funds			496,095	496,095		217,486	217,486
General Fund		111,728		111,728	126,992		126,992
Designated Funds		149,635		149,635	116,154		118,154
Pension Reserve		0		0	-31,800		-31,800
Total charity funds		261,363	496,095	757,458	211,345	217,488	428,832

y financial assumptions underlying	the valua	tion we	re	as follows
Type ofassumption						%p.a.
RPI price inflation assumption						3.20
CPI price inflation assumption						2.70
Minimum Pensionable Income Increase Adjustment			(above CPI)			0.50
Pre-retirement assumed investment	returns	(gilt yield		plus 1.75%pa)		2.95
Post retirement assumed investment	returns	(including		benefits matched	by the	1.70
insurance policy) (gilt yield plus 0.5%pa)
Minimum Pensionable Income increases (CPI plus			0.5%)
Deferred pension increases (based	on RPI)
Pre April 2009						3.20
Post April 2009						2.50
Pension increases
Based on CPI with an annual floor of0%and annual			cap of5%			2.70

			Unrestricted Funds	Restricted Income Funds	2022	Unrestricted Restricted Funds Income Funds	Unrestricted Restricted Funds Income Funds	2021
Donations and legacies
Donations and gifts			180,064	415,451	595,514	168„753	99,499	288,25S
Charitable activities			19,017	2,935	21,952	8,153	877	8,531
Other			434	0	434	4,808	0	4,308
			199,514	418,386	617,900	179+18
Other trading activities
Letting ofpremises			34,207	0	34,207	21,728		21,728
Other trading activities			0	172	172	0		0
			34,207	172	34,379	21,728
Investments
Bank interest			559	1,839	2,198	21		88
			559	1,639	2,198		17
Total income			234,281	420,197	654,477
Note 3- Analysis ofExpenditure
		e0Z	Unrestricted Funds	Restricted Income Funds	2022	Unrestricted Restricted Funds Income Funds		2021
Raising funds
Fundraising costs			0	7,063	7,063	0	0	0
Fees for Services			516	204	720	128	123	248
Goods for resale			1,225	0	1,225	1120	0	1,120
			1,741	7,287	9,028			1,888
Charitable activites:
Personnel
Wages, stipends	&allowances		160,625		160,625	142,454	988	143,48?
Other Staffing			49		49	8,888	23	8,912
Nission
Donations and grants			22,584	12,022	34,606	22213	18,457	4Q,871
Other mission			4,031	0	4,031	1,082	0	'I,062
Discipleship
Youth work			1,433		1,433	8,441		8,441
Brigades			11,058		11,056	0		0
Other discipleship			4,205		4,205	3,685		8,585
Premises
Utilities			10,871	0	10,871	8,944	0	8,944
Repairs and maintenance			8,792	0	8,792	10,288	887	10,950
Other premises			9,922	180	10,102	7,470	2,989	1Q,489
Operations
Printing, postage,	stationery		3,201	0	3,201	8,?48	0	5,748
Subscriptions and	memberships		3,006	0	3,006	8,187	0	3187
Other operations			5,669	647	6,317	6,871	0	8,871
Legal and professional			360	73,352	73,712	880	81,681	82;291
			245,807	86,201	332,008
Other expenditure
Depreciation			16,614		16,614
			16,614		16,614			20,081
Total expenditure			264,162	93,48$	357,651			849,887

Note 6 - Donations Made
			2022			2021
		Unrestricted Funds	Designated Funds	Restricted Funds	Total	Total
		f	8
Baptist Home Mission		9,225	0	0	9,225	9,000
Baptist World Mission		9,225	0	194	9,419	9,234
Milton Keynes Bridgbuilder	Trust	3,420	0	0	3,420	3,000
Willen Hospice		0	0	0	0	2,719
Thrive Uganda		0	0	1,185	1,185	2,785
Winer Night Shelter MK		0	0	0	0	254
Practical support in the community		0	714	1,740	2,454	4,772
Welcome MK		0	0	6,890	6,890	8,937
NPBC Covid Response		0	0	2,013	2,013	0
		21,870	714	12,022	34,606

						Restricted	Restricted	Total		Restricted	Restricted	Total
						Income	Funds	2022		Income	Funds	2021
						E		E		5		E
Historical	cost	and	net	book	value		100		100		100

Debtors			Unrestricted	Designated	Restricted	Total	Total
			Funds	Funds	Funds	2022	2021
			E	5	E'	E	E
P repayments			1,208	0	0	1,208	1,359
Recoverable		Gift Aid	5,505	0	3,501	9,006	7,819
Debtors	control a/c		2,591	0	4,598	7,189	8,895
			9,305		8,099	17,404	18,873
Creditors (due within one year)			Unrestricted	Designated	Restricted	Total	Total
			Funds	Funds	Funds	2022	2021
			E	E	E	E	8
Creditors			1,907	107	4,041	6,056	872
Pension	liability		0	0	0	0	1,881
PAYE/NI	liability		2,525	0	0	2,525	2,883
Charity			0	0	530	530	234
Accrued	expenses		0	0	0	0	4,320
			4,432	107	4,571	9,111	8,778
Creditors (due after one year)						0	Q
Provisions		for liabilities				0	0

Fund name							Balance at 01dan-22	Balance at 01dan-22	Balance at 01dan-22	Income	Income	Income	Expenditure	Expenditure	Expenditure		Transfers	Transfers	Transfers		Gains and losses	Gains and losses	Gains and losses	Balance at 31-Dec-22	Balance at 31-Dec-22
								F													E				E
Unrestricted funds
General fund								126,992			219,505			-234,175					-594					0	111,728
BU Pension fund deficit								41,800				0			0					0	31,800				0
Designated funds
Bethany									1,914			0			0					0					1,914
Boys Brigade									39			10,250		-10,300					-340						-351
Fixed Assets								110,270				0		-16,614				49,033							142,689
Food4Thought									1,888			480			%00					0					1,966
Girls Bngade									994			1,927			-1,983					0					938
MOPS									215			899			-474					0					640
Parent &Toddlers									837			1,220			-217					0					1,840
Restricted funds
Charity									0			270			-203					0					68
Fellowship Fund									8,064			3,263			-1,764			-2,568							4,997
Building fund								209,410			410,935			-81,434			-48,099								490,812
NP COVID Response									2,013			0			-2,013					0					0
Thrive Uganda									0			1,185			-1,185					0					0
Welcome MK									0			4,544			-6,890			2,566							219
TotalFunds											654,477			QS7,651							31,800				?57,458
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 ofGreat Britain.			The Baptist			Union		Trust Corporation				is custodian		trustee of Lovat				Hall.		No	fees are		payable		for this
service.
The church also incorporated 11934841),with the purpose		a of		development undertaking			company, Newport a design and build				Pagnell Baptist Church Development Limited (company number contract for the development ofthe church building. Certain payments
were made to this company		in connection				with that			contract.
										Unrestricted			Designated			Restricted					Total				Total
										Funds E			Funds E				Funds f				2022 E				2021 E
Income
Expenditure
Subscription to Baptist Union		of		Great Britain								853											853		803
Insurance provided	by Baptist		Insurance		Coy.PLC							2,166										2,166			1,974
Payments to Baptist	Ministers'		Pension		Fund						10,534										10,534				10,932
Payments to NPBC	Development			Ltd							65,402										65,402				78,784
											78,955										78,955