**Registered Charity number 1126971** ## Selsdon Baptist Church Annual report and accounts **28 February 2021** ## **Selsdon Baptist Church** ## **Report of the Managing Trustees for the year ended 28 February 2021** ## **Statutory Information** Selsdon Baptist Church (SBC) was founded in 1927 and became a registered charity on 27 November 2008, number 1126971. The governing document is a constitution adopted on 16 July 2008, which conforms with a model agreed by the Baptist Union and the Charity Commission. ## SBC is a member of the following bodies: - The Baptist Union of Great Britain - The London Baptist Association - The Evangelical Alliance - Churches Together in Selsdon and Addington ## **Organisational Structure** As a member of the Baptist Union the Church subscribes to the Union’s Declaration of Principle: “That our Lord and Saviour Jesus Christ, God manifest in the flesh, is the sole and absolute authority in all matters pertaining to faith and practice, as revealed in the Holy Scriptures, and that each church has liberty, under the guidance of the Holy Spirit, to interpret and administer His laws. That Christian Baptism is the immersion in water into the name of the Father, the Son and the Holy Spirit, of those who have professed repentance towards God and faith in our Lord Jesus Christ who ‘died for our sins according to the Scriptures; was buried, and rose again on the third day’. That it is the duty of every disciple to bear personal witness to the gospel of Jesus Christ, and to take part in the evangelisation of the world.” SBC is an ‘open membership’ church. Baptism by immersion upon personal profession of faith is the normal mode of entry into membership, but persons seeking membership who have not been baptised in the manner described in the Union’s Declaration of Principle may at the discretion of the Church Members’ Meeting be accepted for full membership based on their own public profession of faith. The church takes its responsibilities towards children and vulnerable adults very seriously and has policies and procedures in place for protecting them. These policies are reaffirmed annually by the church members. ## **Church Deacons and Officers** The members of SBC appoint Deacons and other officers with management responsibility who are the charity trustees. SBC’s ministers are appointed by secret ballot of the membership. Deacons are elected by secret ballot of the membership at the annual general meeting each November. Deacons are appointed for a term of 3 years and normally serve no more than two consecutive terms, and are eligible for re-election after an absence of one year. Appointments are staggered so approximately one third of Deacons retire each year. Church officers (Secretary and Finance Team Leader) are elected in the same way to serve for a term of 3 years but are eligible for reappointment without an enforced break. 1 ## **Ministry Team** Senior Minister/Team Leader Revd Trevor Neill, BA, BA, MPhil. Associate Minister Revd Denzil Larbi, BA Youth Pastor Martin Wright, BA ## **Charity Trustees** The following are the charity trustees of SBC. Chair: Revd Trevor Neill, BA, BA, MPhil. Secretary: Theresa Nichols until 31 December 2020 Andrew Crossley from 1 January 2021 Finance Team Leader: John Harrison **Deacons:** Dawn Cox from 1 January 2021 Andrew Crossley Paul East from 1 January 2021 David Foster until 13 February 2021 Evelyn Golder until 30 June 2020 Sally Ann Jackson to 14 April 2021 Kathryn Kane from 1 January 2021 Simon Maddox Mike McMullen until 21 June 2020 Hilary West Adam White Jane White Address Selsdon Baptist Church Addington Road Selsdon South Croydon CR2 8LL Custodian Trustee for Property Assets London Baptist Property Board Limited Unit C2, Dock Street London E1 8JN Telephone: Website: e-mail: 020 8651 4308 www.selsdonbaptist.org.uk office@selsdonbaptist.org.uk Bankers CAF Bank Limited Kings Mill West Malling ME19 4TA Barclays Bank PLC 188 Addington Road Selsdon CR2 8LB Independent examiner Les Tasker FCCA Ryefield Ltd Unit 139 Airport House Purley Way Croydon CR0 0XZ 2 ## **Selsdon Baptist Church - Learning to love God and serve the community** **Annual report – summary of activities 2020-21** ## **Financial year ending 28 Feb 2021** ## **Objectives and Activities** The leadership and membership of Selsdon Baptist Church are committed to promoting the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It is committed to enabling as many people as possible to worship at our church and welcomes all into the services without prejudice. The leadership maintains an overview of worship in order for the services to involve the many groups that live within our community. Our services and worship put faith into practice through prayer and scripture, music and sacrament. The detailed mission statement of SBC is as follows: Selsdon Baptist Church - Learning to love God and serve the community - i. Helping each other strive to know Jesus better and become like Him - ii. Encouraging, equipping and enabling all who come to the church to know Jesus better through prayer, Bible study, worship, teaching and service - iii. Showing and sharing the love of Jesus Christ with the wider community, both locally and globally. - iv. Growing a sense of community by meeting together and supporting each other In this way Selsdon Baptist Church aims to create a sacrificial and transformational community of disciples of Jesus Christ in Selsdon. Selsdon Baptist Church is also responsible for the maintenance of the property in Addington Road in order to facilitate on-going use of the buildings by the wider community of Selsdon. In addition the Church is responsible for the maintenance of the three manses used by the Ministers, when in post, as part of their roles to lead and facilitate the mission and work of Selsdon Baptist Church. Inevitably the church’s programme of activities in the year under review was significantly impacted by the lockdowns and the ongoing easing and tightening of restrictions which were necessitated by the Covid-19 pandemic. From March to December of 2020, it was not possible to open our building for Sunday services which were moved to an online format. For much of the year, pre-recorded services were released each Sunday morning on YouTube, with contributions from our staff team and volunteers. These services have attracted up to 300 views on YouTube and other platforms and have been a crucial means of maintaining engagement with church members, alongside other midweek reflections. In spite of the restrictions caused by the pandemic, we have continued to offer a programme of activities which have been planned in light of the Commission’s guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our community through: - Worship and prayer; learning about the Gospel; and developing their knowledge and trust in Jesus. - Provision of pastoral care for people living in the community. - Missionary and outreach work which aims to meet the spiritual, mental and physical needs of those we encounter locally, and who we support further afield. As well as offering online services, the church has taken steps to ensure that teaching and worship resources are provided to older members of the congregation who do not have access to the internet. 3 Sermon scripts and other printed reflections and newsletters have been delivered on a weekly basis to around twenty households, with a system established to ensure regular telephone communication during lockdowns. In the early months of the pandemic shopping support was also provided to these church members and to others in the community. Most of our midweek ‘home groups’ have continued to meet online. In February 2020, Rev Denzil Larbi was appointed to the role of Associate Minister with responsibility for evangelism. During the year under review, he has established strong connections with two local primary schools, leading assemblies and also providing mentoring support to children who are struggling to engage with mainstream education. These connections have also enabled the church to provide foodbank referrals to families of children in the area. An Alpha outreach course has also been run online. The variety and content of our online worship services evolved during the year under review, as we learned and developed the skills necessary for the recording and mixing of songs and hymns, enabling around twenty singers and musicians to take part and to provide the church with a varied selection of songs and hymns that reflected the breadth of traditions across the congregation. In the autumn of 2020, the church was reopened on a Sunday morning to enable viewings of recorded services. The church building was also opened during the week to smaller groups to meet and worship together. At each stage of planning for these gatherings, and all other events held in the building, the Trustees have ensured that all activities are compliant with the government’s Covid secure guidelines. Risk assessments have been undertaken for each activity, with detailed instructions provided to group leaders who are responsible for the cleaning of rooms before and after each event. The church has purchased 70 plastic chairs, easily cleaned before and after services, to help facilitate the provision of a Covid secure environment. The trustees have also worked with a new Safeguarding Team to fully review and update guidelines and practices for the safeguarding of children, young people and adults at risk. The new safeguarding policy is based on the most recent model document from the Baptist Union of Great Britain. In line with the latest safeguarding practice, definitions of abuse have been updated with references to categories such as historic abuse, financial abuse, institutional abuse, spiritual abuse, ‘mate crime’ and acts of omission. The policy also contains new guidelines regarding the pastoral care of those who have been victims of abuse, the recruitment and supervision of church volunteers, and a code of behaviour for church workers. To enable the development of a new website and the modernisation of our administration processes, the church has invested in Hubb.Church. This software includes functionality for emailing, the organisation of rotas and room booking and also allows each member to log-in to a secure area where contact details and other information can be found. We have continued to provide activities for our children and young people despite the challenges of the pandemic. Younger children were initially provided with activity packs to do with their parents, before the introduction of regular ‘Family Time’ videos on a Sunday morning. We have held gatherings for our young people when rules have permitted, and at other times have kept in touch via 1:1 meetings with them and their parents and using social media. ## **Use of the Church premises at Addington Road** The restrictions of the pandemic have limited our opportunities for use of our church building. However, Selsdon Baptist Church Pre-School has continued to meet daily on five full days a week during term time. The premises have also been used by our Toddlers’ Group on Tuesdays and Wednesdays. This is extremely popular with parents, grandparents and child minders from the community and is always full. 4 ## **Ecumenical Activities** Selsdon Baptist Church is part of the Churches Together in Selsdon & Addington group – in November 2020, our Team Leader was appointed Chair of CTSA, who produced online ‘United Services’ at Christmas and Easter and also met via Zoom for a series of Lent discussion groups. The church also takes seriously its relationship with other Baptist churches, with the Ministry Team Leader playing an active role in the local Baptist cluster and also contributing to the work of the London Baptist Association. ## **Mission and Evangelism** Helping those in need is a demonstration of our faith and therefore the church has maintained its ongoing commitment to support other organisations involved in global justice issues. Not only is money raised for particular projects, but throughout the year time has been given to educate and enable members to reflect on the concerns of people in other parts of the world. For Harvest 2020, the church invited members to support the work of Open Doors, supporting persecuted Christians in India who have experienced discrimination resulting in access being denied to Covid relief. At Christmas time we partnered with the Selsdon-based charity International Needs to provide gifts to children in a hospital in Cairo and also made a donation to Embrace the Middle East. An important part of our commitment to mission is the support of a number of individuals who are working overseas. Since 1973 the church has supported two of our members who work as missionaries in India. Also in India, we have supported the work of Catherine Truman, who is working pro bono as a pharmacist in a hospital in southern India. Furthermore, through the Baptist Missionary Society, we have supported a young couple and their family as they have established a new work in Asia focussed on business and transport. As well as supporting projects overseas the Church maintains contact with a number of local charities through the church’s Community Support Group. Furthermore the church has continued to maintain its focus on environmental issues. We have maintained our status as a _Fairtrade_ church and constantly review the premises owned by the church to ensure a high standard in relation to ecological issues. As noted above, the restrictions necessitated by the pandemic have inevitably limited the scope of our work with the wider community. However, it was still possible to organise litter picks focussed on streets near to our Addington Road site. Two of our ministers and one of our deacons are active members of the new Selsdon Regeneration Group, working with councillors and other local leaders to support local businesses and residents. There is now a waiting list for the Bereavement Support Groups which are run on a regular basis in partnership with Woodside Bereavement Service and the church also continues to offer a low-cost counselling service to local people. The Addington Road premises have also been a useful resource for a number of community groups including various training courses run by social work and health professionals, and parties for young children in the area. The premises are also used by the Guides, Brownies and Rainbow groups that meet regularly. ## **Summary** In spite of the unprecedented challenges of the last year, Selsdon Baptist Church continues to be a church which offers a wide range of activities to its members alongside a consistent focus on looking beyond ourselves to the wider needs of the community. The Trustees have had regard to the guidance issued by the Charity Commission on public benefit. The Trustees are confident that the wide range of activities undertaken by Selsdon Baptist Church in 2020–2021 have been in accordance with the key principles of public benefit set out in that guidance. 5 ## **Reserves policy** The charity trustees consider that a reserve of three months operating costs, approximately £55,000 should be maintained. After adjusting for the BU pensions deficit, general reserves at 28 February 2021 was £197,087 (2020 £215,005). If the BU pension deficit were to materialise the general reserve would be £147,579. The policy for investing reserves is to make best use of interest bearing deposits and not to invest in securities. ## **Risk policy** The trustees have implemented a risk management strategy comprising: - An annual review of risks - Establishment and review of systems and procedures to mitigate those risks - Establishment and review of procedures to minimise the potential impact should any of those risks materialise. ## **Financial Results** SBC members have come very close to meeting the financial needs of the church for the year ended 28 February 2021. Total income for the year was £229,609 and expenditure £234,062, giving rise to a small deficit, before the actuarial adjustment on the defined benefit pension scheme of £4,453. Total closing funds were £1,411,837 of which £641,404 was restricted; £622,854 was designated; leaving £147,579 as general funds at the end of the year. SBC is by its nature a voluntary organisation and no set of financial statements can do justice to all the work done in pursuit of its mission. In addition, many hours are spent by unpaid volunteer members manning the office and performing the many regular tasks in administration and other areas without which SBC would be ineffective. The financial statements do not record the value of those unpaid hours. ## **Statement of Trustees’ Responsibilities** Charity law requires the charity trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of SBC at the year end and of its incoming resources and resources expended during that year. In preparing those financial statements, the trustees are required to: - Select suitable accounting policies and 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 financial statements; and - Prepare the financial statements on the going concern basis. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of SBC and enable them to ensure that the financial statements comply with the Charities Act 2011. The managing trustees are also responsible for safeguarding the assets of SBC and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the charity trustees of Selsdon Baptist Church Andrew Crossley Secretary 2 November 2021 6 ## **Independent Examiner’s Report** ## **To the Trustees of Selsdon Baptist Church** I report to the trustees on my examination of the accounts of Selsdon Baptist Church (the Trust) for the year ended 28 February 2021 on pages 8 to 19 following, which have been prepared on the basis of the accounting policies set out on pages 10. Responsibilities and basis of report As the charity trustees of the Trust 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 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. The charity’s gross income did not exceeded £250,000 this year but did in 2020, and I am qualified to undertake the examination ## 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 in respect of the Trust 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 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. 2 November 2021 L Tasker FCCA For and on behalf of: Ryefield Ltd Unit 139 Airport House Purley Way Croydon CR0 0XZ 7 ## **Selsdon Baptist Church Statement of Financial Activities** ## **For the Year Ended 28 February 2021** |Notes
Income and endowments from:
Donations & Legacies
2
Charitable Activities
4
Trading activities
Rental Income
Investments
Bank Interest
Total Income
Expenditure on:
Raising funds
3
Charitable activities
3
Total Expenditure
Actuarial gains (losses) on
defined benefit pension schemes
Net Income/(Expenditure)
Transfer between funds
Net movement in funds
Fund balances brought forward
Fund balances carried forward|Unrestricted
General
Fund
Designated
Funds
Restricted
Funds
2021 Total
2020 Total
£
£
£
£
£
206,272
-
6,855
213,127
220,869
1,659
-
396
2,055
9,594
13,744
-
-
13,744
25,200
683
-
-
683
1,598
222,358
-
7,251
229,609
257,261
1,568
-
-
1,568
2,055
218,708
12,598
1,188
232,494
259,420
220,276
12,598
1,188
234,062
261,475
13,962
-
-
13,962
21,360
16,044
(12,598)
6,063
9,509
17,146
(20,000)
20,000
-
-
-
(3,956)
7,402
6,063
9,509
17,146
151,535
615,452
635,341
1,402,328
1,385,182
147,579
622,854
641,404
1,411,837
1,402,328| |---|---| The notes on pages 10 to 19 form part of these accounts 8 ## **Selsdon Baptist Church Balance Sheet** ## **For the Year Ended 28 February 2021** |Tangible Assets
Freehold Property
Equipment
Current Assets
Gift Aid Recoverable
Sundry debtors and
Prepayments
Bank and Cash
Total Current assets
Creditors (amounts falling
due within one year)
Creditors and Accrued
Expenses
Net Current Assets
Creditors (amounts falling
due after more than one
year)
Multi-Employer Pension
Scheme Provision)
Net Assets
Funds
Restricted Funds
Designated funds
General Funds
Total funds|Notes
7
7
9
8 & 11
8 & 11
8 & 11|Unrestricted
General
Fund
Designated
Funds
Restricted
Funds
2021
Total
2020
Total
£
£
£
£
£
-
580,680
631,195
1,211,875 1,211,875
8,224
-
-
8,224
12,335| |---|---|---| |||8,224
580,680
631,195
1,220,0991,224,210| |||15,662
-
-
15,662
9,803
7,424
-
-
7,424
7,130
169,190
42,372
10,209
221,771
229,886| |||192,276
42,372
10,209
244,857
245,819
(7,843)
(198)
(8,041)
(9,506)| |||184,433
42,174
10,209
236,816
237,313| |||(45,078)
(45,078)
(59,195)| |||147,579
622,854
641,404
1,411,837 1,402,328| |||641,404
641,404
635,341
622,854
622,854
615,452
147,579
147,579
151,535| |||147,579
622,854
641,404
1,411,837 1,402,328| The notes on pages 10 to 19 form part of these accounts These accounts were approved by the charity trustees on 2 November 2021 Signed on behalf of the charity trustees Andrew Crossley John Harrison Secretary Trustee 9 ## **Selsdon Baptist Church** ## **Notes to the accounts for the year ended 28 February 2021** ## **1 Accounting Policies** a) The accounts have been prepared under the historic cost convention, in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014; and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015. The accounts have been prepared on the going concern basis, as there are no material uncertainties about the charity’s ability to continue. Based on the adequacy of the charity’s reserves as at the balance sheet date, along with their knowledge of the charity’s ability to meet bills, payments and other liabilities as they fall due, the trustees have a reasonable expectation that the charity has sufficient resources to continue in operational existence for the foreseeable future b) The Statement of Financial Activities (SOFA) classifies SBC's income and expenditure according to type of fund. The types of fund in use at SBC are: Unrestricted funds - SBC's General Fund is an unrestricted fund in that it is available to be used for any SBC purpose and is used for normal operating income and expenditure Designated funds - these are funds which have been set aside for specific purposes, but they are not subject to any restriction and could in theory be 'undesignated' again. Restricted Funds - these funds must be used only for the purposes for which they have been given. c) Income - all voluntary incoming donations and income from church activities are accounted for as received. Tax recoverable under Gift Aid is accounted for in the period in which the underlying gift was received. Interest receivable is accounted for in the period to which it relates. Legacies are accounted for in the period when they become certain and quantifiable. d) Expenditure - expenditure including irrecoverable VAT is recognised when incurred by the charity, regardless of when payment is made. Grants payable are taken into account at the earlier of when they are paid or become constructive obligations. e) Two funds have not been included in the SOFA or Balance Sheet and further details of these funds are given in note 8b. f) SBC's land and buildings are owned on its behalf by London Baptist Property Board as custodian trustee. The trustees carry out an annual impairment review on all properties and as a result, and in accordance with FRS 102 SORP, no depreciation is charged. Residential properties acquired before 1999 are recorded in the accounts at open market value as estimated by the trustees in February 1999; under the provisions of Financial Reporting Standard (FRS) 15, these values are treated as if they were historical costs and the trustees do not intend to carry out further revaluations. A residential property acquired since February 1999 is recorded at cost. g) Expenditure greater than £5,000 on furniture and equipment is depreciated over its useful life. Furniture 10 years Equipment 4 years h) No value has been attributed to the considerable time spent by volunteers in administering SBC and in running a wide range of Church activities. i) The church is an employer participating in a pension scheme known as the Baptist Union Pension Scheme of which the minister is a member. The Scheme is a separate legal entity and is administered by the Pension Trustee (Baptist Trust Limited). The church also pays pension contributions to the personal pension plans of its other staff. 10 ## **2 Donations & Legacies** |**Donations & Legacies**|| |---|---| |Offerings
Tax Refunds
Legacies|Unrestricted
General Fund
Designated
Funds
Restricted
Funds
2021
Total
2020
Total
£
£
£
£
£
168,319
-
6,855
175,174
182,001
37,953
-
-
37,953
38,833
-
-
-
-
35| ||206,272
-
6,855
213,127
220,869| ## **3 Expenditure on Charitable Activities** |Personnel (note 10)
Church activities (note 4)
Mission – donations (note 5)
**Support costs**
Premises costs (note 6)
Office costs
Independent examination
**Raising Funds**
Premises costs (note 6)
Office costs|Unrestricted
General
Fund
Designated
Funds
Restricted
Funds
2021
Total
2020
Total
£
£
£
£
128,534
- - 128,534 100,136
12,602
- 131 12,733
28,910
37,750
3,800 1,057 42,607
45,296
30,014
8,798
-
38,812
71,585
9,200
- -
9,200
13,138
600
- -
600
355
1,083
-
-
1,083
1,518
485
-
-
485
537| |---|---| ||220,276
12,598
1,188
234,062 261,475| Support costs are apportioned on estimated usage of the premises and office The independent examination fee of £500 plus VAT was payable to Ryefields 11 ## **4 Church activities** |**Church activities**||| |---|---|---| |**Incoming Resources**
Youth activities
Holiday at Home
Adventure Tots
Other events
**Resources expended**
Preaching fees
Trainee Accommodation
Sunday Club
Sundry materials for services
Youth and children's activities
Adventure Tots
Other events and study series
Holiday at Home
Catering
Fees & Subs
Music, sound, video
Training
Depreciation on AV Equipment|Unrestricted
General
Fund
Designated
Funds
Restricted
Funds
2021
Total
£
£
£
£
406
-
-
406
-
-
-
-
-
-
-
-
1,253
-
396
1,649|2020
Total
£
5,241
1,702
731
1,920| ||1,659
-
396
2,055|9,594| ||535
-
-
535
-
-
-
-
20
-
-
20
147
-
-
147
1,845
-
-
1,845
-
-
-
-
2,294
-
131
2,425
-
-
-
-
125
-
-
125
2,154
-
-
2,154
1,371
-
-
1,371
-
-
-
-
4,111
4,111|1,784
800
383
403
8,672
115
4,111
1,627
687
2,271
1,652
1,008
4,111| ||12,602
-
131
12,733|28,910| ## **5 Donations made to mission** a) Global Action Team |Baptist Missionary Society
International Needs
South Asian Concern
Embrace
Bible Society
Open Doors
Feba
Tear Fund
Interserve
Mission Direct
b) Home and Local Mission
Home Mission
Contact : Selsdon Churches
Neighbourhood Care
Spurgeon's College
Grants to local organisations
Floating Shelter & Fellowship Fund
Police Rehabilitation Centre
New Addington Baptist Church|Unrestricted
General
Fund
Designated
Funds
Restricted
Funds
2021
Total
2020
Total
£
£
£
£
£
9,400
-
-
9,400
9,200
3,000
-
-
3,000
3,200
5,300
-
-
5,300
5,300
1,000
-
-
1,000
-
-
-
-
-
2,000
1,000
-
-
1,000
1,000
500
-
-
500
1,000
-
-
-
-
2,000
1,000
-
-
1,000
1,000
-
-
-
-
1,000|Unrestricted
General
Fund
Designated
Funds
Restricted
Funds
2021
Total
2020
Total
£
£
£
£
£
9,400
-
-
9,400
9,200
3,000
-
-
3,000
3,200
5,300
-
-
5,300
5,300
1,000
-
-
1,000
-
-
-
-
-
2,000
1,000
-
-
1,000
1,000
500
-
-
500
1,000
-
-
-
-
2,000
1,000
-
-
1,000
1,000
-
-
-
-
1,000| |---|---|---| |||21,200
-
-
21,200
25,700| |||9,400
-
-
9,400
9,200
2,000
-
-
2,000
2,000
500
-
-
500
1,500
3,250
-
-
3,250
3,200
900
-
-
900
1,005
500
-
-
500
1,000
-
3,800
-
3,800
-| |||16,550
3,800
-
20,350
17,905| 12 c) Gifts & Offerings for specified purposes |Tearfund
Embrace
Others
TOTAL Mission|Unrestricted
General
Fund
Designated
Funds
Restricted
Funds
2021
Total
2020
Total
£
£
£
£
£
-
-
480
480
480
-
-
-
-
751
-
-
577
577
460| |---|---| ||-
-
1,057
1,057
1,691| ||| ||37,750
3,800
1,057
42,607
45,296| ## The £577 paid to “others” was paid to individuals ## d) Donations - Connected Persons & Organisations The following SBC members, being current officers or officers of SBC in the previous 5 years are connected with organisations to which SBC has made grants in the normal course of giving. They have played no part in the process of awarding these grants. Paul East who became a Trustee on 1 January 2021 is supported by South Asian Concern for his missionary work in India, the UK and wherever God opens up a door of opportunity. ## **6 Premises Costs** |**Listed by property**
Church & Halls
Brent Road
Addington Road
Goldfinch Road|Premises Maintenance
General
Designated
Restricted
**2021**
**2020**
£
£
£
£
21,662
7,678
-
29,340
50,059
3,858
100
-
3,958
3,856
2,915
507
-
3,422
9,114
2,662
513
-
3,175
10,074| |---|---| ||31,097
8,798
-
39,895
73,103| ## **7 Fixed Assets** a) Freehold Properties |**Cost**
Balance at 1 March 2020
Balance as at 28 February 2021
_Sums insured at 28 February 2021_|Church
& Halls
Brent
Addington
Road
Goldfinch
Road
Total
£
£
£
£
£
631,195
180,000
145,779
254,901
1,211,875| |---|---| ||631,195
180,000
145,779
254,901
1,211,875| ||2,388,893
557,322
185,291
192,345
3,323,851| The original church building was purchased in 1952 and a major extension was added in 1999 the total cost being £631,195. It is believed that the property may only be used as a Free Church and the trustees are of the opinion that the building should be included in the accounts at cost. 13 ## b) Equipment |) Equipment|| |---|---| |**Cost**
1 March 2020
Additions
28 February 2021
**Depreciation**
1 March 2020
Charge for year
28 February 2021
**Net Book Value**
At 1 March 2020
As at 28 February 2021|Equipment
£
37,470
-| ||37,470
25,135
4,111| ||29,246| ||12,335| ||| ||8,224| ## **8 Statement of Funds** a) This statement is to show movements on each individual fund within the fund classifications shown in the SOFA: |**Unrestricted Funds**
General Fund
**Designated Funds**
Legacies Fund
Premises Maintenance Fund
Church Manses
Total Designated Funds
**Restricted Funds**
Restricted Donations Fund
Community & Special Fund
Church and Hall Fund
Total Restricted Funds
**Total All Funds**|**Pension**
**Balance**
**01-Mar-20**
**Incoming**
**resources**
**Resources**
**expended**
**Adjustment**
**& Transfers**
**Balance**
**28-Feb-21**
151,535
222,358
(220,276)
(6,038)
147,579| |---|---| ||25,668
-
(3,800)
-
21,868
9,096
-
(8,798)
20,000
20,298
580,688
-
-
580,688| ||615,452
-
(12,598)
20,000
622,854| ||2,650
1,626
(1,057)
-
3,218
1,497
5,625
(131)
-
6,991
631,195
-
-
-
631,195| ||635,341
7,251
(1,188)
-
641,404| ||7,251.0
1,188.0
1,402,328
229,609
(234,062)
13,962
1,411,837| Restricted Donations Fund represents donations received for specific purposes Community & Special Fund represents a donation received for community work and activities within the church. The Church and Hall fund represents the church buildings (Fixed Assets note 7) 14 c) The assets and liabilities represented by the various funds are as follows: |Church Buildings
Manses
Equipment
Amounts due to SBC
Amounts owed by SBC
Amounts owed by SBC
greater than 12months
Deposit accounts
Bank and Cash|Unrestricted
General Fund
Designated
Restricted
Funds
Endowment
Funds
2021 Total
£
£
£
£
£
-
-
-
631,195
631,195
-
580,680
-
-
580,680
8,223
-
-
-
8,223
23,086
-
-
-
23,086
(7,842)
(198)
-
-
(8,040)
(45,078)
-
-
-
(45,078)
148,246
32,000
-
-
180,246
20,944
10,372
10,209
-
41,525| |---|---| ||147,579
622,854
10,209
631,195
1,411,837| ## **9 Bank and Cash Balances** |CAF Gold
Deposit with LBPB
Deposit with Baptist Union
Bank current accounts
Cash in Hand|2021
2020
£
£
15,089
32,066
129,230
128,865
51,016
50,722
26,424
18,205
12 28| |---|---| ||221,771
229,886| ## **10 Trustees, Staff Costs & Expenses** |Stipends & Salaries
Social Security costs
Pension Costs
Pension Deficit contribution
Other costs
Number of full time equivalent staff
The number of employees with emoluments exceeding £60,000|2021
2020
£
£
106,015
77,133
4,698
3,200
9,811
6,414
3,278
4,275
4,732
9,114| |---|---| ||128,534
100,136| ||2021
2020
4.0
3.0
-
-| Included in the stipends and salaries and as allowed in the church constitution are the following payments to trustees |ayments to trustees||||| |---|---|---|---|---| |||2021||2020| |Name|Stipend|Pension|Stipend|Pension| |||Contribution||Contribution| ||£|£|£|£| |Senior Minister - Revd T Neill|32,512|
3,877|31,783|
3,794| |Associate Minister - Revd D Larbi|26,492|
3,275|2,200|
272| 15 The total remuneration (including employers pension contribution) payable to key management personnel as defined by the Charity SORP was £92,981 (2020 £64,278) Expenses reimbursed relating to church activities to the Senior Minister amounted to £448 (2020 £794) No other trustee received any remuneration or reimbursement for expenses (2020 £nil) ## **11 Pensions** ## **a) Baptist Union Pension Scheme (BPS)** The Church is an employer participating in a pension scheme known as the Baptist Pension Scheme (“the Scheme”). The Scheme is a separate legal entity which is administered by the Pension Trustee (Baptist Pension Trust Limited), the assets of the Scheme are held separately from those of the Employer and the other participating employers. For any month each participating employer in the Scheme pays contributions as set out in the Schedule of Contribution in force at that time. The Scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Scheme’s assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SOFA in the year are contributions payable towards benefits and expenses accrued in that year, plus any impact of deficiency contributions (see below). The Ministers are eligible to join the Scheme. From January 2012, pension provision is being made through the Defined Contribution (DC) Plan within the Scheme. 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 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 Aviva plc. The further 4% contribution rate is reduced to 3% for Employer contributions made to the Segregated DC Arrangement. 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 were 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 Baptist Ministers’ Pension Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011. 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 £298 million. Actuarial valuation as at 31 December 2019 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 £298 million. The valuation of the DB Plan revealed a deficit of assets compared with the value of liabilities of £18 million (equivalent to a past service funding level of 94%). The Church and the other employers supporting the DB Plan are collectively responsible for funding this deficit. 16 The key assumptions underlying the valuation were as follows: |**Type of assumption**|**% pa**| |---|---| |RPI price inflation assumption|3.20| |CPI price inflation assumption|2.75| |Minimum Pensionable Income increases (CPI plus 1.0% pa)|3.20| |**Assumed investment returns**|| |- Pre-retirement|2.95| |- Post retirement|1.75| |Deferred pension increases|| |- Pre April 2009|3.20| |- Post April 2009|2.50| |**Pension increases**|| |- Main Scheme pension|2.70| Post–retirement mortality in accordance with 80% of the S3NFA and S3NMA tables, with allowance for future improvements in mortality rates from 2013 in line with the CMI 2019 core projections, with a long term annual rate of improvement of 1.75% for males and 1.5% for females, with the core smoothing parameter and with additional initial mortality improvement factor A=0.5%. The next actuarial valuation of the DB Plan within the Scheme is due to take place not later than as at 31 December 2022. Recovery Plan In addition to the contributions to the DC Plan set out above, where a valuation of the DB Plan reveals a deficit the Trustee and the Council agree to a rate of deficiency contributions from churches and other employers involved in the DB Plan. Under the current Recovery Plan dated 30 September 2020, deficiency contributions are payable until 30 June 2026. These contributions are broadly based on the employer's membership at 31 December 2014 and increase annually in line with increases to Minimum Pensionable Income as defined in the Rules. However, the Trustee and the Council agreed a 50% reduction for all deficiency contributions payable between 1 July 2020 and 31 December 2020. As there is a large number of contributing employers participating in the Scheme, the Church is unable to identify its share of the underlying assets and liabilities of the scheme. Accordingly, due to the nature of the Scheme, the profit and loss charge for the period represents the employer contributions payable. The Church has agreed to a deficit funding arrangement so the Church must recognise a liability for this obligation. The amount recognised is the net present value of the deficit reduction contributions payable under the agreement that relates to the deficit. The present value is calculated using the discount rate detailed in these disclosures ## **Deficit contributions** From 1 January 2021 to 30 June 2026 £4,430 per annum 17 ||**Present Value**|**of Provision**| |---|---|---| ||2021|2020| ||£|£| |Present value of pension scheme provision|49,508|63,470| ## **Income and expenditure impact** |**Income and expenditure impact**|| |---|---| |Contributions paid in respect of future service
Deficit funding contributions paid
**Assumptions**
Rate of discount
0.9%|2021
2020
£
£
12,872
7,315
4,430
4,275| ||17,302
11,590| ||| ## **b) Defined contribution pension scheme** The church paid £4,341 (2020 £3,705) to defined contribution pension schemes for three members 18 ## **Selsdon Baptist Church** **Detailed Statement of Financial Activities for the year ended 28 February 2021 with 2020 funds comparatives** |**Income from:**
Donations & Legacies
Charitable Activities
Trading activities
Bank Interest
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
**Total Expenditure**
Actuarial gains (losses) on defined benefit
pension schemes
**Net Income/(Expenditure)**
Transfer between funds
**Net movement in funds**
Fund balances brought forward
**Fund balances carried forward**|General
2021
£
General
2020
£
Designated
2021
£
Designated
2020
£
Restricted
2021
£
Restricted
2020
£
Total
2021
£
Total
2020
£
208,272
209,653
-
35
6,855
11,181
213,127
220,869
1,659
9,360
-
-
396
234
2,055
9,594
13,744
25,200
-
-
-
-
13,744
25,200
683
1,598
-
-
-
-
683
1,598| |---|---| ||**222,358**
**245,811**
**-**
**35**
**7,251 **
**11,415**
**229,609**
**257,261 **| ||1,568
2,055
-
-
-
-
1,568
2,055
218,708
216,468
12,598
38,216
1,188
4,736
232,494
259,420| ||**220,276**
**218,523**
**12,598**
**38,216**
**1,188**
**4,736**
**234,062 **
**261,475**| ||13,962
21,360
-
-
-
-
13,962
21,360| ||16,044
48,648
(12,598)
(38,181)
6,063
6,679
9,509
17,146
(20,000)
(4,694)
20,000
21,140
-
(16,446)
-
-| ||**(3,956)**
**43,954 **
**7,402 **
**(17,041)**
**6,063**
**(9,767)**
**9,509**
**17,146**| ||151,535
107,581
615,452
632,493
635,341
645,108
1,402,328
1,385,182
**147,579**
**151,535**
**622,854 **
**615,452 **
**641,404 **
**635,341**
**1,411,837 **
**1,402,328**| 19