Page 1 of 22
Trustees Annual Report
For the year ended 31[st] December 2021
Page 2 of 22
TABLE OF CONTENTS
| Page | |
|---|---|
| Charity Reference and Administrative Details | 1-4 |
| Trustees’ Annual Report | 5-9 |
| Independent Examiner’s Report | 10-11 |
| Statement of Receipts and payments | 12 |
| Statement of assets and liabilities | 13 |
| Notes To Accounts | 14-16 |
| Notes To CGBC. | |
| 17 | |
| General Fund Income | |
| General Fund Expense | 18-19 |
| Fund Balances | 20 |
| Notes. COVID19_Impacts_ | 21 |
| Page Left Blank. | 22 |
Page 3 of 22
1. REFERENCE AND ADMINISTRATIVE DETAILS
REGISTERED CHARITY NUMBER
Charity Registration Number: 1126351
TRUSTEES DURING 2021
| NAME | POSITION |
|---|---|
| Revd Dr David Gregory | Team Leader |
| Revd Lisa Kerry | Minister(Pastoral Care & Families) |
| Revd Jonathan Bishop | Minister(Youth) |
| Ann Wrangles | Church Secretary (re-elected as Secretaryon 12thJuly2021) |
| Colin Mead | Treasurer(re-elected on 1stJanuary2021) |
| Elizabeth Pedrick | Deacon(re-elected on 1stJanuary2019) |
| Richard Thomas | Deacon(re-elected 1stJanuary2018) |
| Colin Abbiss | Deacon(elected 1stJanuary2019) |
| GaryMead | Deacon(elected 1stJanuary2019) |
| Alistair Imrie | Deacon(elected 1stJanuary2019) |
| Sara O’Shea | Deacon(elected 1stJanuary2019) |
| Christine Fowler | Deacon(elected 1st January2020) |
| Steven Gilbert | Deacon(elected 1st January2020) |
CONTACT DETAILS
----- Start of picture text -----
ADDRESS
225 Baldwins Lane, Croxley Green, Hertfordshire WD3 3LH
TELEPHONE
01923 710780
WEBSITE
www.croxleybaptist.co.uk
E-MAIL
office@croxleybaptist.co.uk
----- End of picture text -----
Page 4 of 22
PROPERTY TRUSTEES
The Baptist Union Corporation Limited Baptist House 129 Broadway Didcot Oxfordshire OX11 8RT
BANKERS
CAF Bank Ltd 25 Kings Hill Avenue West Malling Kent ME19 4JQ
Barclays Bank UK PLC 1 Churchill Place London E14 5HP
INDEPENDENT EXAMINER
Jon Hooper A Eston Shire Lane Chorleywood WD3 5NH
A MEMBER OF
The Baptist Union of Great Britain Central Baptist Association Evangelical Alliance, Churches Together in Croxley Green
Page 5 of 22
INTRODUCTION
The trustees present their report together with the financial statements of the Church for the year ended 31 December 2020.
OBJECTIVES
CHARITABLE OBJECTIVE
The Church is governed by a constitution which states the principal object of the charity is the advancement of the Christian Faith, according to the principles of the Baptist denomination. This includes the advancement of education, community service and such other general charitable purposes in such parts of the United Kingdom and the world as the Church shall determine. It occupies premises which are held by the Baptist Union Corporation Limited on Trusts which are entirely compatible with the above object.
In order to achieve its principal objective, the Church provides a variety of activities to both its membership and the community generally. The aim is to show the love of the Lord Jesus in both word and deed and to bring people into a closer relationship with Him.
CHARITABLE ACTIVITES
Central to the work and witness of the Church is the provision of regular public services of Christian worship. This year due to the continuing threat of the pandemic we have provided in person Church services with precautions in line with Government and Baptist Union guidelines and restrictions.
These are also streamed at 10:30 and are accessible to those who are church members and anyone else who would like to watch. For those without internet access we have been offering a CD recording of the service and news sheets have been posted to those without internet. All our other groups gradually returned to face-to-face meeting with appropriate precautions.
The Christmas services were all in person this year, but the Carol Service was held in the Carpark to minimise risk and be a more visible witness to the real message of Christmas. The Church runs a series of discipleship groups in members’ homes to provide friendship and to foster growth in the Christian faith.
The church also runs a weekly Wellbeing drop-in space for those who struggle with their mental health and loneliness. This has about 15 regular attendees and is followed by a lunch club which hosts about 45-50 people each week. Renew Wellbeing is based on the Five Ways to Wellbeing and works on the principles of being present, being prayerful and being in partnership. Each space is run by a local church and is intended to be a place where ‘it’s ok not to be ok’ in our community. It is a safe haven for anyone to come and be known by name, regardless of how they are feeling. Everyone is welcomed in and valued by the hosts.
Page 6 of 22
Regular contact with, and support for, the local schools continue to be an important priority. One of the ministers is on the Local Governing Body for Croxley Danes School. Meetings between ministers and other community representatives have continued during the year regarding community issues, and in particular mental health support for those affected by the pandemic and the isolation of lockdown.
Much of what we do to support children, young people and families is relational and we get along side and support them. With the pandemic we were able to transfer many of our activities for the children and young people onto platforms like Zoom but by the spring we were able to meet back in person in the park and then back in the church buildings as this became permitted under the Government restrictions. Girls Brigade, Explorers, Anchor Boys, and Boys Brigade, and two youth café sessions called Quench for young people of secondary school age and a church youth group called Edge. We also run ran fortnightly groups on a Sunday TNT for Years 6-9 and Discovery for Years 1011. This has moved back towards a weekly session for TNT in church alongside our regular weekly Sunday School, JAM.
We set up WhatsApp groups to support many of our young people and have used a variety of social media platforms to connect with young people and the parents of those aged 11 and under. We used YouTube, Facebook, and other platforms to engage, connect and support young people during 2020/21.
We continued to deliver Isolation Rescue Boxes and supported those who were isolating.
For older folk, there was a highly successful cream tea in the church garden in the summer and our bereavement support group has continued meeting once a term.
The Charitable Incorporated Organization formed to further the work of the Churches Together in Croxley Green and to employ 2 Parish Nurses continued to flourish throughout the year Food Bank is held on a Monday afternoon, which is managed via the Rickmansworth Foodbank and the Trussel Trust and has continued throughout the pandemic.
All activities and events are published on the Church website or weekly notice sheet and are open to all whether members or not.
Systems are in place to ensure that all those working with children, young people and vulnerable adults at risk have appropriate DBS clearance. We have internal systems in place to safe-guard children, young people, and vulnerable adults at risk and those working with them. Safeguarding training was continued and provision was made for on-line learning by the Central Baptist Association.
The Church places importance in working together with local churches. It actively supports the Baptist Union Home Mission Fund, BMS World Mission, and Christian Aid along with other relief agencies and missions both locally, nationally, and internationally. Both the Team Leader and the Ministers for Pastoral Care are involved with Baptist life at Regional and National level. In July of this year the team leader became part time, and the Minister for Pastoral Care became the full-time Team Leader.
Page 7 of 22
The trustees have read the Charity Commission guidance on “The Advancement of Religion for the Public Benefit”. They are satisfied that the activities of the Church are for the public benefit.
ACHIEVEMENTS AND PERFORMANCE
The Church does not measure the success of its programs only in numbers, including financial numbers, but also in the less tangible areas such as fellowship and encouragement. The trustees recognise that these are difficult to measure, but believe that despite the difficulties, 2021 was a positive year in the life of the Church in terms of both spiritual growth and practical service; in encouraging and helping members and non-members across the age spectrum through the difficult experiences of lockdown; in teaching and trying to model positive lifestyles; and in service to the community in shopping, phone calls and deliveries of medicines and church news and materials. Membership decreased by 9 to 101, 31 December 2021.
The reputation of the church in the community is good and a growing number regard the church as theirs even if they do not consider themselves regular churchgoers.
FINANCIAL REVIEW AND RESERVE POLICY
The Church continues to raise the funds it needs to carry on its activities from within its own membership and congregation. No wider public appeals were made during the year. All gifts received under the Gift Aid Scheme are unrestricted funds. The trustees have had regard to any specific requests by the donors in allocating such funds.
The Church is heavily dependent on its members working as volunteers in all aspects of its activities many of which run with little or no impact on the Church’s general expenditure, but which nevertheless contribute substantially to the achievement of the Church’s objectives.
The Church sees it as an important part of its mission to support the wider church by making grants equivalent to approximately 10% of the previous year’s general income to national and international Christian organizations and societies with Christian aims and objectives compatible with the Church’s own charitable objectives.
Despite the pandemic, the data lines used to calculate the 10% agreed amount to charities has seen a slight increase this year.
The financial results for the year, together with a summary of the accounting policies adopted, are set out in the accompanying financial statements.
The trustees have made an assessment of the major risks facing the Church and are satisfied that there are policies in place to minimize these risks.
Page 8 of 22
STRUCTURE, GOVERNANCE AND MANAGEMENT
TRUSTEES
The ministers, all of whom are accredited by the Baptist Union of Great Britain, together with the deacons and office holders are the managing trustees of the Church. They are listed on Page 3.
ORGANISATION STRUCTURE AND DECISION-MAKING PROCESS
Croxley Green Baptist Church is registered as a charity in England and Wales (number 1126351) and operates under a constitution adopted as at 1 August 2008. The foundation deed for Croxley Green Baptist Church is a Declaration of Trust in 1942 by the Baptist Union Corporation Limited (“BUC”). In 2006 the BUC, at the request of the Church, made a Declaration of Trust adopting the Baptist Trusts for Churches 2003 pursuant to section 6 of the Baptist and Congregational Trusts Act 1951. The manses are held on the Holborn Trusts by the Baptist Union Corporation Limited.
Ordinary Meetings of members generally take place six times a year and have responsibility for the overall policy of the Church. In accordance with the constitution the members appoint the ministers, deacons, secretary, and treasurer who together are the managing trustees. The trustees are responsible for the day to day running of the Church’s work and witness, and its legal and financial aspects. All members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objectives.
Relevant matters may be submitted to the Meetings of members by the trustees for guidance, or may be raised by members in the Meetings for further consideration by the trustees. Although the constitution permits decisions to be made at Meetings of members by appropriate majorities, the Church seeks to work by consensus wherever possible. Due to COVID restrictions church meetings were held by Zoom for most of 2021, these meetings were able to move to in-person and zoom meetings in September. Members were able to vote in person or by postal vote for the Trustees elections in November 2021.
Meetings of members consider and vote on applications for membership. The constitution requires baptism by immersion upon personal profession of faith as the normal mode of entry but persons seeking membership who have not been baptised in accordance with the Baptist Union’s Declaration of Principle may be accepted into full membership based on their own public profession of faith.
The Church is a member of the Baptist Union of Great Britain but is independent and autonomous within the terms of the Trusts. The Baptist Union has a regional structure, and the Church is a member of the Central Baptist Association.
TRUSTEES’ RESPONSIBILITIES IN RELATION TO FINANCIAL STATEMENTS
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the Church’s activities during the
Page 9 of 22
year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:
-
select suitable accounting policies and then apply them consistently.
-
make judgements and estimates that are reasonable and prudent.
-
state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements.
-
prepare the financial statements on the going concern basis unless it is inappropriate to assume that the Church will continue in operation.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Church, and which enable them to ascertain its financial position, and which enable them to ensure the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the trust deed. The trustees are responsible for safeguarding the assets of the Church and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
TRUSTEE APPROVAL
Mr. Colin James Mead
Approved by the Trustees and signed on their behalf.
Page 10 of 22
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
| Report to the trustees/ members of On accounts for the year ended Set out on pages |
Croxley Green Baptist Church | Croxley Green Baptist Church | Croxley Green Baptist Church |
|---|---|---|---|
| 31 December 2021 | Charity no (if any) |
1126351 | |
| 12-21 |
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2021.
Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did 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 accounts give a ‘true and fair’ view which is not a matter considered as part 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.
Date: 10 June 2022 Signed: Name: Jonathan Hooper Relevant professional FCA, FCCA qualification(s) or body (if any): Address: Eston, Shire Land, Chorleywood Rickmansworth, Herts, WD35NH
Page 11 of 22
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any None. items that the examiner wishes to disclose .
Page 12 of 22
Croxley Green Baptist Church Statement of Receipts and Payments - Year Ended 31 December 2021
| Unrestricted | Restricted | Total | Prior Year | |
|---|---|---|---|---|
| Incoming Resources | ||||
| Donations & Legacies | 164,910.98 £ |
1,056.98 £ |
165,967.96 £ |
137,709.42 £ |
| Charitable Activities | 16,325.09 £ |
9,419.95 £ |
25,745.04 £ |
25,772.40 £ |
| Investments | 225.34 £ |
- £ |
225.34 £ |
658.41 £ |
| Total incoming resources | 181,461.41 £ |
10,476.93 £ |
191,938.34 £ |
164,140.23 £ |
| Resources Used | ||||
| Charitable Activities | 176,206.95 £ |
18,429.05 £ |
194,636.00 £ |
180,826.41 £ |
| RaisingFunds | - £ |
- £ |
- £ |
- £ |
| Total resources used | 176,206.95 £ |
18,429.05 £ |
194,636.00 £ |
180,826.41 £ |
| Net Incoming / Outgoing Resources (before transfers) |
5,254.46 £ |
7,952.12 -£ |
2,697.66 -£ |
16,686.18 -£ |
| Fund Transfers In | 6,784.83 £ |
3,181.68 £ |
9,966.51 £ |
11,882.79 £ |
| Fund Transfers Out | 3,187.01 £ |
6,779.50 £ |
9,966.51 £ |
11,882.79 £ |
| Net Incoming / Outgoing Resources (beforegains/losses) |
8,852.28 £ |
11,549.94 -£ |
2,697.66 -£ |
16,686.18 -£ |
| Investment Gains(or Losses) | - £ |
- £ |
- £ |
- £ |
| Net Incoming / Outgoing Resources( | b 8,852.28 £ |
11,549.94 -£ |
2,697.66 -£ |
16,686.18 -£ |
| Asset Revaluation | - £ |
- £ |
- £ |
- £ |
| Net Movement of Funds | 8,852.28 £ |
11,549.94 -£ |
2,697.66 -£ |
16,686.18 -£ |
| Total Funds Brought Forward | 166,004.73 £ |
47,695.44 £ |
213,700.17 £ |
230,386.35 £ |
| Total Funds Carried Forward | 174,857.01 £ |
36,145.50 £ |
211,002.51 £ |
213,700.17 £ |
| Represented By | ||||
| General(Unrestricted) | 112,897.63 £ |
- £ |
112,897.63 £ |
122,693.47 £ |
| MinistryTraining& Dev(Designated) | 9,343.51 £ |
- £ |
9,343.51 £ |
9,343.51 £ |
| PropertyRepairs(Designated) | 30,417.20 £ |
- £ |
30,417.20 £ |
32,216.75 £ |
| Bible Fund(Designated) | 1,751.00 £ |
- £ |
1,751.00 £ |
1,751.00 £ |
| Boys Brigade(Restricted) | - £ |
1,353.02 £ |
1,353.02 £ |
1,657.05 £ |
| Renew Group (Restricted) | - £ |
10,787.63 £ |
10,787.63 £ |
5,707.36 £ |
| Girls Brigade(Restricted) | - £ |
665.96 £ |
665.96 £ |
762.51 £ |
| Renew Sparklers(Restricted) | - £ |
884.49 £ |
884.49 £ |
1,304.40 £ |
| Quench(Restricted) | - £ |
1,261.21 £ |
1,261.21 £ |
1,447.71 £ |
| HolidayAt Home(Restricted) | - £ |
2,315.86 £ |
2,315.86 £ |
406.97 £ |
| Parish Nurse(Restricted) | - £ |
- £ |
- £ |
- £ |
| Edge Youth(Restricted) | - £ |
- £ |
- £ |
- £ |
| Endowment Fund(Restricted) | - £ |
9,894.02 £ |
9,894.02 £ |
26,430.17 £ |
| SOLO's(Restricted) | - £ |
90.35 £ |
90.35 £ |
90.35 £ |
| Bible Reading& Books(Restricted) | - £ |
541.14 £ |
541.14 £ |
541.14 £ |
| Legacy (Unrestricted) | 20,361.65 £ |
- £ |
20,361.65 £ |
- £ |
| Technical Fund(Restricted) | - £ |
8,351.82 £ |
8,351.82 £ |
9,347.78 £ |
| Eco Church(Designated) | 86.02 £ |
- £ |
86.02 £ |
- £ |
Page 13 of 22
Croxley Green Baptist Church Statement of Assets and Liabilities - Year Ended 31 December 2021
| Current Assets | Dec-21 | Dec-20 |
|---|---|---|
| Cash | 209,129.48 £ |
211,002.51 £ |
| Accounts Receivable | - £ |
- £ |
| Prepayments | - £ |
- £ |
| Total | 209,129.48 £ |
211,002.51 £ |
| Total Net Assets(Assets Minus Liabilities) | 209,129.48 £ |
211,002.51 £ |
| Represented By | ||
| General(Unrestricted) | 113,588.39 £ |
112,897.63 £ |
| MinistryTraining& Dev(Designated) | 9,343.51 £ |
9,343.51 £ |
| PropertyRepairs(Designated) | 30,179.60 £ |
30,417.20 £ |
| Bible Fund(Designated) | 1,751.00 £ |
1,751.00 £ |
| Boys Brigade(Restricted) | 1,605.57 £ |
1,353.02 £ |
| Renew Group (Restricted) | 8,104.84 £ |
10,787.63 £ |
| Girls Brigade(Restricted) | 758.46 £ |
665.96 £ |
| Renew Sparklers(Restricted) | 908.54 £ |
884.49 £ |
| Quench(Restricted) | 1,175.22 £ |
1,261.21 £ |
| HolidayAt Home(Restricted) | 2,315.86 £ |
2,315.86 £ |
| Parish Nurse(Restricted) | - £ |
- £ |
| Edge Youth(Restricted) | - £ |
- £ |
| Endowment Fund(Restricted) | 9,894.02 £ |
9,894.02 £ |
| SOLO's(Restricted) | 90.35 £ |
90.35 £ |
| Bible Reading& Books(Restricted) | 541.14 £ |
541.14 £ |
| Legacy (Unrestricted) | 20,361.65 £ |
20,361.65 £ |
| Gifts(Restricted) | - £ |
- £ |
| Technical Fund(Restricted) | 8,351.82 £ |
8,351.82 £ |
| Eco Church(Designated) | 159.51 £ |
86.02 £ |
Permanent Endowment fund : The freehold of Croxley Green Baptist Church 225 Baldwins Lane Croxley Green. The Baptist Union Corporation is the custodian trustee under the Baptist Trusts for Churches 2003.
Expendable endowments Manses: The freeholds of 165 Baldwins Lane Croxley Green and 36 Lewes Way Croxley Green and the leasehold (until 2193) of 214a Watford Road Croxley Green. The Baptist Union Corporation is the custodian trustee under the Holborn Trusts under the Baptist and Congregational Trusts Act 1951.
Page 14 of 22
Croxley Green Baptist Church Notes to the Accounts - Year Ended 31 December 2021
1. Statement of Accounting Policies
a) Basis of Accounting
The financial statements are prepared on a “receipts and payments” basis and accord with s.133(a) of the Charities Act 2011 having regard to the guidance notes from the Charity Commission and Baptist Union Corporation.
b) Grant making policy
Grants, gifts and donations are made to various organisations in the furtherance of the Church’s objectives.
c) Pension Costs
The Church is an employer participating in two pension schemes: the Baptist Pension Scheme (“the BPS”) and the Baptist Union Staff Pension Scheme (“the BUSPS”). The BPS and BUSPS are separate legal entities which are both administered by the Pension Trustee (Baptist Pension Trust Limited).
From January 2012, pension provision for the Minister(s) [and some members of staff] is being made through the Defined Contribution (DC) Plan within the BPS. In general, members pay 8% of their Pensionable Income and employers pay 6% of members’ Pensionable Income 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 to cover Death in Service Benefits, administration costs, and an associated insurance policy which provides income protection for BPS 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 of BPS 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 BPS, or through the BUSPS. The main benefits were:
-
In the BPS, 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; and
-
In the BUSPS, a pension of one seventieth of a member’s average salary over the last three years of pensionable service.
The BPS, previously known as the Baptist Ministers’ Pension Fund, started in 1925, and the BUSPS started in 1969. Both schemes were closed to future accrual of defined benefits on 31 December 2011. Neither scheme is contracted out of the State Second Pension.
The table below summarises the main results of the most recent actuarial valuations of the BUSPS and the Defined Benefit (DB) Plan in the BPS. These valuations were performed by a professionally qualified Actuary using the Projected Unit Method.
BPS DB Plan BUSPS 31 December 2019 1 January 2017
Date of valuation
Page 15 of 22
Date of next valuation 31 December 2022 n/a – Scheme is in wind-up Market value of scheme assets (A) £298m £10.3m Technical provisions (B) £316m £16.2m Deficit [(B) – (A)] £18m £5.9m Funding level [(A) / (B)] 94% 64% As a result of the valuations, in addition to the contributions to the DC Plan set out above, the following deficiency contributions were agreed:
▪ For the BPS, the standard rate of deficiency contributions payable remains at previously agreed levels, increasing each year in line with increases in the Minimum Pensionable Income. The deficiency contributions are broadly based on 12% of Pensionable Income / Minimum Pensionable Income, reflecting each employer’s contributions in March 2015. Some employers that were involved in the DB Plan for a short period pay lower contributions. The Trustee and the Council agreed a 50% reduction for all deficiency contributions payable between 1 July 2020 to 31 December 2020. In addition, the Baptist Union of Great Britain agreed to contribute a lump sum of £0.5m by 31 December 2020. The current Recovery Plan dated 30 September 2020 envisages deficiency contributions continuing until 30 June 2026. ▪ For the BUSPS, previously agreed contributions of £759,000 pa (payable from 1 January 2016 and increasing each January in line with RPI inflation) were due until 31 January 2018. Following this, a lump sum payment of £2,734,062 was paid in February 2018 and further contributions were made to ensure the Scheme had sufficient assets to secure the BUSPS benefits in full with an insurer. The total contributions were split between the sponsoring employers in line with their estimated share of the BUSPS’s liabilities. These significant contributions were part of a plan to wind up the BUSPS. The Scheme formally triggered wind-up on 31 August 2018, and wind-up was completed in September 2019. As part of this, the benefits for BUSPS members who are also active members of the BPS were increased to offset the fact that their BUSPS benefits will no longer increase in future in line with changes in their salary. An additional contribution was also been made to the DC Plan within the BPS for members who are yet to retire and have a BPS DC fund. In practice the Association paid money to BUGB in 2018 which was intended to cover all of the Association’s outstanding commitments to the BUSPS, and a portion of this money (to the extent it was not required to secure the benefits in full and cover outstanding costs) was returned to the Association by BUGB in 2019. [Note – Association would need to consider how to account for the payments made to/from BUGB in relation to the Association’s liability to the BUSPS and the winding up.]
| The key financial assumptions underlying the valuations | The key financial assumptions underlying the valuations | were as follows: |
|---|---|---|
| Type of assumption | BPS% pa | BUSPS% pa |
| RPI price inflation assumption | 3.20 | 3.45 |
| CPI price inflation assumption | 2.70 | 2.70 |
| Minimum Pensionable Income increases (BPS only) | ||
| 3.20 n/a | ||
| Pensionable Salary increases (BUSPS only) | n/a 3.70 | |
| Assumed investment returns | ||
| - Pre-retirement | 2.95 | 3.50 |
| - Post retirement | 1.70 | 2.25 |
| Deferred pension increases | ||
| - Pre April 2009 | 3.20 | 3.45 |
| - Post April 2009 | 2.50 | 2.50 |
| Pension increases | ||
| - Pre April 2006 | 2.70 | 3.25 |
| - Post April 2006 | 2.70 | 2.15 |
As there are numbers of contributing employers participating in both the BPS and the BUSPS, the [Employer] is unable to identify its share of the underlying assets and liabilities of the schemes. Accordingly, the profit and loss charge for the period represents the employer contributions payable. [Employer to review wording and
Page 16 of 22
update as necessary for consistency with the relevant accounting standard] The total pension cost for the [Employer] is shown in the table below, with last year’s figures also shown for comparison.
| Total pension cost (£) | 2021. | 2020. | 2019. |
|---|---|---|---|
| BPS | £27,099 | £27,889 | £27,889 |
| BUSPS | x,xxx | x,xxx | x,xxx |
| Total | £27,099 | £27,889 | £27,889 |
[Consequent upon the departure of the Minister from the church in [year], the Church had a cessation event under Section 75 of the Pensions Act 1995 in relation to the BPS. This makes the Church liable for the proportion of the overall BPS deficit (assessed by reference to the cost of securing benefits by the purchase of annuities) applicable to its previous Ministers who were members of the BPS.
The next actuarial valuation of the DB Plan within the BPS is due as at 31 December 2022.
d) Fund Accounting
Funds held by, or for, the Church are either:
Unrestricted general funds:
These can be used for the charitable objects of the Church at the discretion of the trustees.
Designated funds:
These are set aside by the trustees out of unrestricted general funds for specific purposes or projects. They also include gifts, received under the Gift Aid Scheme, where the donor has requested the trustees for them to be used for specific purposes within the charitable objects of the Church.
Restricted funds :
These can only be used for particular restricted purposes within the charitable objects of the Church.
Endowment funds:
These comprise:
Permanent Endowment:
This related to sale proceeds from the sale of Sarratt Baptist Church held by the Baptist Union Corporation as custodian trustee. The proceeds were fully used during 2010 on the capital works on Croxley Green Baptist Church.
Expendable Endowment:
This relates to the sale proceeds from the sale of the former manse in Sarratt held by the Baptist Union Corporation as custodian trustee. Within the terms of the Trust it can used for revenue or capital purposes subject to the approval of Church members and the Baptist Union Corporation.
Page 17 of 22
Croxley Green Baptist Church Notes to the Accounts - Year Ended 31 December 2021
General Fund Income .
| Category | Type | Type | 2021 | 2020 |
|---|---|---|---|---|
| Bank Interest(General) | ||||
| Bank Interest | Investments | 225.34 £ |
658.41 £ |
|
| Income(Endowment Fund) | Investments | - £ |
58.81 £ |
|
| Voluntary Designated Gifts(General) | ||||
| BMS | Donations & Legacies | 1,572.06 £ |
1,125.00 £ |
|
| BU | Donations & Legacies | 443.94 £ |
391.08 £ |
|
| EMP/Fabi/PBI | Donations & Legacies | 1,264.01 £ |
1,383.99 £ |
|
| Other(IvySt/Spg/Fbank) | Donations & Legacies | 1,182.00 £ |
1,451.27 £ |
|
| Weekend Away/Events | Charitable Activities | - £ |
1,038.00 £ |
|
| Womans Retreat | Charitable Activities | - £ |
- £ |
|
| Voluntary General Gifts(General) | ||||
| Collections | Donations & Legacies | 4,237.38 £ |
4,434.66 £ |
|
| Other Gifts | Charitable Activities | 1,594.11 £ |
4,286.50 £ |
|
| Small Donations | Donations & Legacies | 1,246.00 £ |
2,001.99 £ |
|
| StandingOrders | Donations & Legacies | 103,498.73 £ |
100,438.89 £ |
|
| Weddings & Funeral Gifts | Donations & Legacies | 1,410.00 £ |
1,749.22 £ |
|
| Gift Aid | Donations & Legacies | 25,734.04 £ |
24,923.08 £ |
|
| ~~CV-19 Related Additional Inco~~ | ~~m~~ | ~~Donations & Legacies~~ | - £ |
193.08 £ |
| 142,407.61 £ |
144,133.98 £ |
|||
| Other Income(General) | ||||
| MessyChurch | Charitable Activities | - £ |
- £ |
|
| Missional events income | Charitable Activities | 422.78 £ |
180.99 £ |
|
| Photocopying | Charitable Activities | 14.60 £ |
48.60 £ |
|
| Rent: Hall | Charitable Activities | 454.20 £ |
1,855.00 £ |
|
| Rent: Manses | Charitable Activities | 12,960.00 £ |
12,960.00 £ |
|
| Ladies Activities | Charitable Activities | - £ |
- £ |
|
| HolidayAdventure | Charitable Activities | - £ |
72.05 £ |
|
| 13,851.58 £ |
15,116.64 £ |
|||
| TOTAL | 156,259.19 £ |
159,250.62 £ |
Registered Charity Number 1126351
Page 18 of 22
Croxley Green Baptist Church Notes to the Accounts - Year Ended 31 December 2021
General Fund Expenditure. 1/2
| Expenditure | |||
|---|---|---|---|
| Category | Type | 2021 | 2020 |
| Church Premises(General) | |||
| Electricity/Gas/Water | Charitable Activities | 3,663.02 £ |
3,661.00 £ |
| Insurance | Charitable Activities | 5,763.06 £ |
- £ |
| Cleaning,Consumables & Waste | Charitable Activities | 5,132.52 £ |
1,490.00 £ |
| heatingrepairs/maintenance | Charitable Activities | 2,470.05 £ |
1,554.00 £ |
| new F&F & Equip (minor) | Charitable Activities | 401.76 £ |
119.00 £ |
| 17,430.41 £ |
6,824.00 £ |
||
| Management & Admin(General) | |||
| BU/EA subscription | Charitable Activities | 489.25 £ |
494.00 £ |
| Independent Examination | Charitable Activities | 150.00 £ |
150.00 £ |
| Misc/Other/Software/Postage/Bank Cha | Charitable Activities | 1,543.82 £ |
995.00 £ |
| Paper | Charitable Activities | 152.36 £ |
82.80 £ |
| Photocopier copies/Rent | Charitable Activities | 1,119.66 £ |
1,463.00 £ |
| ~~CV-19 Related Additional Costs~~ | ~~Charitable Activities~~ | - £ |
1,919.81 £ |
| Stripe Fees | Charitable Activities | 92.85 £ |
65.09 £ |
| 3,547.94 £ |
5,169.70 £ |
||
| Manses: | |||
| Council Tax and Water | Charitable Activities | 5,017.15 £ |
5,929.00 £ |
| Manse Insurance | Charitable Activities | 2,386.86 £ |
238.00 £ |
| Manse Repairs MTC | Charitable Activities | 2,655.09 £ |
2,064.00 £ |
| Management | Charitable Activities | 1,910.72 £ |
2,066.00 £ |
| 11,969.82 £ |
10,297.00 £ |
||
| Ministers: Other Costs(General) | |||
| Books & Magazines | Charitable Activities | - £ |
19.33 £ |
| Conferences | Charitable Activities | 580.00 £ |
- £ |
| Service Materials | Charitable Activities | 59.36 £ |
30.33 £ |
| Stationery,Stamps & Other costs | Charitable Activities | 204.34 £ |
227.93 £ |
| Travel(ex conferences) | Charitable Activities | 64.65 £ |
217.66 £ |
| VisitingSpeakers | Charitable Activities | 135.00 £ |
475.00 £ |
| Payroll,HMRC & Pensions | Charitable Activities | 117,083.36 £ |
116,124.47 £ |
| Ministers: Telephones(General) | Charitable Activities | 2,122.19 £ |
2,472.00 £ |
| Cards;stationeryetc | Charitable Activities | 31.00 £ |
42.00 £ |
| Ministers DiscretionaryFund | Charitable Activities | 295.23 £ |
167.27 £ |
| 120,575.13 £ |
119,775.99 £ |
Registered Charity Number 1126351
Page 19 of 22
Croxley Green Baptist Church Notes to the Accounts - Year Ended 31 December 2021 General Fund Expenditure.2/2
| Mission: Child & Youth(General) | |||
| Child Protection | Charitable Activities | - £ |
40.00 £ |
| General | Charitable Activities | 64.57 £ |
328.57 £ |
| Resource/Games Equipment | Charitable Activities | - £ |
212.59 £ |
| Training | Charitable Activities | - £ |
50.50 £ |
| AllStars/Trailblazers | Charitable Activities | - £ |
21.18 £ |
| Creche | Charitable Activities | - £ |
- £ |
| Hols Adventure & Light Party | Charitable Activities | - £ |
239.34 £ |
| Teachingbooks | Charitable Activities | 129.87 £ |
- £ |
| 194.44 £ |
892.18 £ |
||
| Mission: Church Events(General) | |||
| Awaydays | Charitable Activities | - £ |
- £ |
| Barn Dances etc | Charitable Activities | - £ |
156.00 £ |
| - £ |
156.00 £ |
||
| Mission: Grants(General) | |||
| BMS Hallidays | Charitable Activities | 5,504.56 £ |
5,371.69 £ |
| BMS Relief Fund | Charitable Activities | - £ |
- £ |
| BUGB Home Mission | Charitable Activities | 5,144.94 £ |
5,066.10 £ |
| ECM Fernandes | Charitable Activities | 2,817.98 £ |
3,074.01 £ |
| Foodbank | Charitable Activities | 62.86 £ |
221.42 £ |
| IvyStreet Centre Hoxton | Charitable Activities | 1,648.45 £ |
1,018.60 £ |
| London School of Theology | Charitable Activities | - £ |
- £ |
| Unallocated/Other Grants | Charitable Activities | 195.50 £ |
125.00 £ |
| 15,374.29 £ |
14,876.82 £ |
||
| Mission: Missional Events(General) | |||
| General Publicity | Charitable Activities | - £ |
- £ |
| Labyrinths | Charitable Activities | 92.18 £ |
97.79 £ |
| Mens Events | Charitable Activities | 100.00 £ |
- £ |
| Misc inc. Messy | Charitable Activities | 113.87 £ |
418.40 £ |
| Revels/Croxfest | Charitable Activities | - £ |
450.00 £ |
| Womens Events | Charitable Activities | - £ |
- £ |
| Training | Charitable Activities | - £ |
- £ |
| 306.05 £ |
966.19 £ |
||
| Mission: Services & Fellowship (General) | |||
| CateringGeneral | Charitable Activities | 280.28 £ |
488.09 £ |
| Churches Together: subscriptions | Charitable Activities | 140.00 £ |
260.00 £ |
| Festivals & MothersDay | Charitable Activities | 231.37 £ |
39.00 £ |
| Housegroups | Charitable Activities | - £ |
45.60 £ |
| Licences | Charitable Activities | 1,333.89 £ |
1,219.09 £ |
| Services food & Cafe Church etc | Charitable Activities | - £ |
- £ |
| Website & Software | Charitable Activities | 92.30 £ |
89.65 £ |
| Communion | Charitable Activities | 15.42 £ |
64.65 £ |
| 2,093.26 £ |
2,934.55 £ |
||
| Mission: Youth Work(General) | |||
| LST student | Charitable Activities | - £ |
- £ |
| Mentoring& Discipleship | Charitable Activities | 58.61 £ |
- £ |
| Pulse and Axis | Charitable Activities | - £ |
43.12 £ |
| School Lesson Support | Charitable Activities | - £ |
|
| Subscriptions | Charitable Activities | 252.00 £ |
47.95 £ |
| 310.61 £ |
91.07 £ |
||
| 154,773.30 £ |
155,278.50 £ |
Registered Charity Number 1126351
Page 20 of 22
Croxley Green Baptist Church Notes to the Accounts - Year Ended 31 December 2021 Fund Balances.
----- Start of picture text -----
31st Dec 2020 31st Dec 2021
(as per balance sheet Fund Transfers (as per balance
Fund Name report) 2021 sheet report) Movement
General (Unrestricted) £ 122,693.47 £ 5,603.15 £ 112,897.63 £ 9,795.84
Ministry Training & Dev (Designated) £ 9,343.51 £ - £ 9,343.51 £ -
Property Repairs (Designated) £ 32,216.75 £ - £ 30,417.20 £ 1,799.55
Bible Fund (Designated) £ 1,751.00 £ - £ 1,751.00 £ -
Boys Brigade (Restricted) £ 1,657.05 £ - £ 1,353.02 £ 304.03
Renew Group (Restricted) £ 5,707.36 £ - £ 10,787.63 -£ 5,080.27
Girls Brigade (Restricted) £ 762.51 £ - £ 665.96 £ 96.55
Renew Sparklers (Restricted) £ 1,304.40 -£ 22.35 £ 884.49 £ 419.91
Quench (Restricted) £ 1,447.71 £ - £ 1,261.21 £ 186.50
Holiday At Home (Restricted) £ 406.97 £ 2,000.00 £ 2,315.86 -£ 1,908.89
Parish Nurse (Restricted) £ - £ 1,000.00 £ - £ -
MES-AI Church (Restricted) £ - £ -
Edge Youth (Restricted) £ - £ 181.68 £ - £ -
Endowment Fund (Restricted) £ 26,430.17 -£ 6,757.15 £ 9,894.02 £ 16,536.15
SOLO's (Restricted) £ 90.35 £ - £ 90.35 £ -
Bible Reading & Books (Restricted) £ 541.14 £ - £ 541.14 £ -
Technical Fund (Restricted) £ 9,347.78 £ - £ 8,351.82 £ 995.96
Eco Church (Designated) 0 £ - £ 86.02 £ 86.02
Legacy (Unrestricted). 0 £ 2,479.30 £ 20,361.65 -£ 20,361.65
TOTAL £ 213,700.17 £ 4,484.63 £ 211,002.51 £ 2,697.66
----- End of picture text -----
Registered Charity Number 1126351
Page 21 of 22
Notes.
COVID-19 Impacts.
Covid continued to impact the church financially. We started to gather again for worship and to assist some people we purchased a “Tap and Go” machine for giving and exploited our abilities within Church Suite for people to allocate financially to our supported charities. Hall hire has not resumed so a stream of income has diminished. Our increased costs of contract cleaning and consumables, like hand gel and gloves, are beginning to fall into a “BAU” that impacts on our overheads.
We have started to create an investment programme for the technical equipment required to maintain a Hybrid Church. This includes new PC’s, Cameras and upgrading Wideband services and Wi-Fi delivery across the church buildings.
Registered Charity Number 1126351
Page 22 of 22
Left Blank
Registered Charity Number 1126351