##
##
##
##
##
##
|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|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|||||
##
##
##
##
##
##