2022-12-31-accounts - West Croydon Baptist Church

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West Croydon Baptist Church

West Croydon Baptist Church End of Year Financial Statements Year ending 31 December 2022

CROYDON

Helping People Follow Jesus

Website: www.westcroydon.com

Minister: Rev Reuben Martin: Reuben@westcroydon.com Church Office: Whitehorse Road, (corner of St. James’s Road), Croydon, CRO 2JH E-mail: Office@westcroydon.com Telephone: 020 8689 4527

Charity No: 1128517

CONTENTS

	Page
Report ofthe Trustees	1-4
Independent Examiner's Report	5
Statement of Financial Activities	6
Balance Sheet	f
NotestotheFinancialStatements	8-17

West Croydon Baptist Church Trustees Report

Section A Reference and administration details

Registered Charity Number 1128517

Name ofthe charity Trustees	who manage the charity
Trustee Name	Office (ifany)	Dates acted if notwhole	Names ofpersons
		year	entitled to appoint
			trustees
Rev Denzil Larbi	Senior Minister	Started September 2022	Members
Mr Robert Agamlong			Ditto
Mr Andrew Bedeau			Ditto
Mrs Tia Baker			Ditto
Mr Robert Maybin			Ditto
Mrs Yemisi Oduyeye			Ditto
	Treasurer		Ditto
Mrs Joyce Francis	Secretary to the		Ditto
	Diaconate
Ms Kay Reynolds		Started February 2022	Ditto
Mr Dean Newlyn		Started February 2022	Ditto
MrRoyWillis		StartedFebruary2022	Ditto

SectionB Structure, governance and management Type of governing document

The charity is constituted and governed by the Baptist Union Model constitution adopted by the Church Members’ Meeting.

Trustees

Charity Trustees (Deacons) are chosen from among the Church Members and are appointed by the Church Members’ Meeting. Where there is a Minister, that person will be a Charity Trustee because of their role and responsibilities.

Additional Governance issues

Risk assessment on the church premises is undertaken by the Deacons who review activities taking place in the premises to ensure that risks are minimized.

Section C Objectives and activities

Summary of the objects of the charity set out in its governing documents

The objects of the Charity are the advancement of the Christian faith according to the principles of the Baptist denomination. The Church may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world.

West Croydon Baptist Church Trustees Report

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the quidance issued by the Charity Commission on public benefit)

Summary of the main activities in relation to these objects are as follows: ° Regular public worship . Believers’ baptism ° Lords supper ° Evangelism and mission . Ministry with and including young people Nurture and growth of Christian disciples S Pastoral care . Supporting and encouragement of charitable social action ° Developing relationships with and supporting Baptists and other Christians groups

Section D: Achievements and Performance

Mission

Throughout 2022, West Croydon Baptist Church continued to be a missional church. For most of the year the church was without a minister. In addition to church services the children were welcomed back, with activities specifically for them. Little Jewels toddler club restarted and was held every Thursday morning from 10:00 hrs to 12:00 hrs.

Betel Romanian Church continued to use the building on Sundays, Wednesday, and Saturdays.

The Iranian church returned, and services are held each Sunday for the Farsi speaking refugee community. Attendance each week average around 25 people.

Friday night prayers resumed in the building in November.

The Croydon Churches Floating Homeless Shelter, which we normally hosted in January and February did not resume as it was still affected by the COVID-19 restrictions. We were unable to provide shelter to an allocated number of homeless people every Friday night during these months. Instead, there was a request for the provision of sandwiches on Friday nights for the programme. We provided 10 loaves of sandwiches for 6 weeks.

In 2022, The Croydon Refugee Day Centre (CRDC) hosted by our church welcomed around 100 new refugee and asylum seekers on Tuesday mornings. This included many families with babies and school aged children. Support takes the form of distributing food and clothes and acting as a signpost to other services.

People in Croydon Asylum hotels are provided with space on Wednesday mornings to socialise with each other. Activities include games and gardening. A play area is provided for the children.

In association with Emmanuel Croydon WCBC hosts SELAM, an English language class for women, run by women. It is primarily targeted to women from the refugee community. It is a warm, friendly, informal class for all abilities. The class is held on Wednesday during term-time and starts at 10:00 hrs and finishes at 11:30 hrs.

Little Jewels is a baby and toddler group for all ages up to school age. It provides a relax environment where parents/guardians can have a chat over a coffee/tea, while the children keep busy playing with a wide range of toys and getting creative with craft projects. It is held weekly on Monday mornings 10:00 hrs to 12:00 hrs. It welcomes on average 12 children per week.

In December the young people hosted a family quiz night which was enjoyed by all.

West Croydon Baptist Church Trustees Report

Church Membershi

Church services were held each Sunday in the building and the congregation gradually increased each Sunday as the pandemic lessened in intensity. Services continued to be recorded and uploaded on the church website and YouTube channel for viewing.

Membership classes were held by Rev Larbi and in December 2022, 12 people were admitted into membership.

As achurch family, joy is often mixed with sadness, and it was with great sadness in 2022 that we said goodbye to two of our members, Ashnor(Gloria) White and Lyn Maddix who passed into the presence of Jesus.

2022 also saw the church thoroughly revising the church membership with a number of people who no longer worship with us being removed from the membership list.

The Charity Trustees (Deacons) continue to seek the face of God and His will in the choice of a new senior minister during the first quarter of the year, while going through the Baptist Union Settlement Process.

God answered prayer in May when Rev Denzil Larbi answered God's call to apply for the Senior Minister's position and accepted the position.

Teaching and Discipleship

As a church, we are still using the ‘Bible in One Year’ app (set up by Nicky Gumbel, vicar of HTB) for our daily Bible readings.

During most of 2022, we had the support of various guest ministers mostly from the Baptist fellowship, ministering the word to us at our Sunday services.

Throughout 2022 our church house groups continued to study the Bible, to pray and to build fellowship amongst themselves via zoom and/or telephone meetings.

Thanksgiving

We thank God for his provision, his blessing and his abundant love throughout 2022.

Rev Denzil Larbi’s appointment as Senior Minister here at WCBC started on 3rd September, his induction took place on Saturday 24th September 2022.

It was a privilege to be part of this church here in West Croydon over the past 12 months.

Section E: Brief Statement of the charity’s policy on reserves

The trustees have agreed to maintain free reserves at a level that equates to three months’ expenditure.

Details of any funds materially in deficit

None

Section F: Other optional information

Membership Figures for the Year:

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Worshippers Deletions
Baptisms - Deaths 2
Profession 12 Lapsed oT
Transfer in - Resignation 3
Transfer out -
12 42
Start of Year 254 End of Year 224
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West Croydon Baptist Church Trustees Report

| !

The Independent Examiner for the Accounts is Azets Audit Services, 2nd Floor, Regis House, 45 King William Street, London, EC4R 9AN.

Banker: CAF Bank

Section G: Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity's trustees Name: SOLLELNN FRANCIS Date: _Mlotlzo23.

Independent Examiner's Report to the Trustees of West Croydon Baptist Church

| report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2022, which are set out in the attached Statement of Financial Activities, the Balance Sheet and the related notes.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

| report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

| understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

| have completed my examination. | 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:

accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
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.

| 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.

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J Howard FCA Azets Audit Services 2nd Floor Regis House 45 King William Street London EC4R 9AN

Date: 11 September 2023

West Croydon Baptist Church

Statement of Financial Activities (Including Income and Expenditure Account) Year ended 31 December 2022

	Notes	Unrestricted Funds	Restricted Funds		Endowment Funds	TotalFunds 2022	Total Funds 2021
		£	£		£	£	£
Income and endowments from:
Donations and Legacies	2	157,974	-		-	157,974	120,567
Charitable Activities	3	49,422	-		:	49,422	38,538
Investments	4	1,745	-		-	1,745	126
Total		209,141	-		=	209,141	159,231
Expenditure on:
Raising Funds	5	79	-		=	79	97
Charitable Activities	6	143,658	-		“	143,658	118,674
Total		143,737	-		=	143,737	118,771
Net (expenditure)/ income		65,404	-		-	65,404	40,460
Transfer between funds		-	-		is	-	-
Actuarial gains/(losses) on defined benefit pension schemes	410	21,400	.		-	21,400	2,600
NET MOVEMENT IN FUNDS		86,804		-	=	86,804	43,060
RECONCILIATION OF FUNDS
BALANCES BROUGHT FORWARD	16	766,114	-		8,222	774,336	731,276
BALANCESCARRIEDFORWARD		852,918	-		8,222	861,140	774,336

There were no recognised gains or losses other than those shown in the Financial Activities.

The notes on pages 8 to 17 form part of these financial statements.

West Croydon Baptist Church Balance Sheet Year Ended 31 December 2022

‘

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|||||||||| |---|---|---|---|---|---|---|---|---| |Notes|2022|2021| |£|£|£|£| |Fixed|Assets| |Tangible|fixed|assets|11|675,171|674,326| |Current Assets| |Debtors|12|27,255|30,463| |Cash|at|bank|and|in|hand|179,906|121,135| |207,161|151,598| |Creditors| |Amounts|falling|due|within|one|year|13|(21,192)|(18,105)| |Net|Current|Assets|185,969|133,493| |Total|Assets|less|Current|Liabilities|861,140|807,819| |Creditors| |Amounts|falling|due|after more than|one|year|14|-|(12,083)| |Provision|for|Liabilities| |Defined|benefit|pension|scheme|liability|10|-|(21,400)| |861,140|774,336| |Funds|of the|charity| |Endowment funds|16|8,222|8,222| |Unrestricted|funds|16|852,918|766,114| |861,140|774,336|

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The financial statements were approved by the Board of Trustees on and signed on their behalf by:

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||| |---|---| |~| |Joycelyn|Francis| |11/09/2023|

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Denzil Larbi

: ;

The notes on pages 8 to 17 form part of these financial statements.

West Croydon Baptist Church

Notes to The Financial Statements Year Ended 31 December 2022

1 ACCOUNTING POLICIES

a) Basis of accounting

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 (as updated through Bulletin 1 published on 2 February 2016), and the Charities Act 2011.

The West Croydon Baptist Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless other stated in the relevant accounting policy notes(s).

The financial statements are presented in sterling (£) which is also the functional currency for the entity.

b) Preparation of the accounts on a going concern basis

The charity has reasonable expectation that there are adequate resources to continue in operational existence for the foreseeable future. It has therefore continued to adopt the going concern basis in preparing its financial statements.

c)

Fund accounting

Unrestricted Funds

Unrestricted funds represent funds which are expendable at the discretion of the trustees in the furtherance of the objects of the charity and which have not been designated for other purposes.

Restricted Funds

These represent amounts which have been restricted by the donors for use for specific purposes as set out in note 16.

d) Income

income is recognised in the Statement of Financial Activities when the Charity has entitlement to the funds; any performance conditions attached to the item(s) of income have been met; it is probable that the income will be received; and that the amount can be measured reliably.

The value of any voluntary help received is not included in the accounts.

e) Expenditure and irrecoverable VAT

Expenditure is recognised in the Statement of Financial Activities once there is a legal constructive obligation to make a payment fo a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably.

Expenditure on office furniture and computer equipment is written off as incurred if below £1,000 in original cost.

West Croydon Baptist Church Notes to The Financial Statements Year Ended 31 December 2022

1 ACCOUNTING POLICIES (continued)

f) Allocation of support and governance costs

Support costs are those that assist the work of the charity but do not directly represent the charitable activities and include governance costs.

Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs relating to the independent examination.

Support and governance costs have been 100% allocated to the charitable activities.

g) Fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off the cost on a straight line basis of each asset over its estimated useful life:

Fixtures, fittings, and equipment 33%

Fixed assets are initially recorded at cost. Fixed assets below £1,000 are not capitalized.

No depreciation is charged on freehold properties, in accordance with section 17 of FRS 102, as in the opinion of the trustees any charge would be immaterial.

h) Debtors

Debtors are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

i) Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Accruals and other creditors are recognised at their settlement amount due.

j) Judgements and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions:

(i) Multi-employer defined benefit pension scheme: Baptist Union Staff Pension Scheme The charity has an obligation to pay a deficit funding arrangement in respect of the multi-employer defined benefit pension scheme. The present value of the obligation depends on a number of factors including the RPI rate and the discount rate on corporate bonds. Management estimates these factors in determining the new pension obligation in the balance sheet.

Notes to The Financial Statements Year Ended 31 December 2022

West Croydon Baptist Church

1 ACCOUNTING POLICIES (continued)

j) Judgements and key sources of estimation uncertainty — continued

(ii) | Useful economic lives of tangible assets

The annual depreciation charge of tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See note 11 for the carrying amount of the fixed assets, and note 1(g) for the useful economic lives for each class of assets.

DONATIONSAND LEGACIES	Unrestricted	Restricted	2022	2021
	£	£	£	¥
Donations and charitable activities	111,092	-	111,092	118,281
Gift Aid	46,882	-	46,882	2,286
	157,974	-	157,974	120,567

3 CHARITABLE ACTIVITIES

CHARITABLE ACTIVITIES	Unrestricted	Restricted	2022	2021
	£	£	£	£
Book sales to promote objectives	84	-	84	80
Church hall lettings to promote objectives	49,338	-	49,338	38,458
Money forchurch activities	-	-	-	-
	49,422	-	49,422	38,538
INVESTMENTS	Unrestricted	Restricted	2022	2021
	£	£	£	£
Interest income	1,745	-	1,745	126
	1,745	-	1,745	126
RAISING FUNDS	Unrestricted	Restricted	2022	2021
	£	£	£	£
Cost of other trading activities (book stall)	79	-	79	97
	79	-	79	97

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4 INVESTMENTS
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5 RAISING FUNDS
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West Croydon Baptist Church Notes to The Financial Statements Year Ended 31 December 2022

6 CHARITABLE ACTIVITIES

CHARITABLE ACTIVITIES	Unrestricted	Restricted	2022	2021
	£	£	£	£
Advancement of Christian faith	133,807	-	133,807	110,944
Missionary & Charitable giving	9,851	-	9,851	7,730
	143,658	-	143,658	118,674

7 GOVERNANCE COSTS

Independent examiner’s fees

2022	2021
£	£
3,000	1,500
3,000	1,500

8 GRANTMAKING

GRANTMAKING	Grantsto Grantsto Institutions Individuals	2022	2021
	£ £	£	£
Advancement of Christian faith	9,301 550	9,851	7,730
	9,301 550	9,851	7,730
			Total
Name ofinstitution	Purpose		sdsa grants paid
			£
AdoptA Child Education Project LBAHome Mission BMSWorld Mission Teerlund Christian SolidarityWorldwide(CSW) London CityMission Evangelical Alliance OasisCommunity Housing Whitehome Mill GroveChildren'sHome The HopeEncounter—Abraham Deng Alzheimer’s Society	a an a ; 1 4 n Av k pai= Onbaptist Ore. es — mission.org mace CAMNCOF k reer ira aga ee a www SaUK Org Raia ee came aiacecn a aS eeraaa Re PUB OEE EIGN ONS CEL		1,000 500 1,000 4.000 750 2,250 750 750 500 601 200
			9,301

Adopt A Child Education Project LBA Home Mission BMS World Mission Teerlund Christian Solidarity Worldwide (CSW) London City Mission Evangelical Alliance Oasis Community Housing Whitehome Mill Grove Children's Home The Hope Encounter — Abraham Deng Alzheimer’s Society

West Croydon Baptist Church

Notes to The Financial Statements Year Ended 31 December 2022

9 STAFF COSTS

STAFF COSTS	2022	2021
	£	£
Salaries and wages	16,345	11,976
Social security costs	1,577	478
Pension costs (defined contribution scheme)	3,678	4,121
Otheremployee benefits (NEST pension)	300	361
	21,900	16,936
	2022	2021
	No.	No.
The average number ofemployees during the yearwas	2	1
Employee time has been allocated either;
To direct costs on a percentage ofthe time spent by an employee on an activity
Tosupportcostsallocatedonapercentagebasisoverallthecosts

Key management personnel is the Senior Minister.

						2022	2021
						£	£
Senior	Minister(new	Minister	joined	in	Sept-22)	12,832	-
						12,832	-

No employee received emoluments in excess of £60,000.

10 PENSION COSTS

The Church is a participating employer the Baptist Pension Scheme (“the Scheme’), which is a separate legal entity 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.

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. Prior to this date the main benefit provided through the Defined Benefit (DB) Plan was a 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.

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 Broadstone Corporate Benefits Ltd. In addition, the employer pays a further 4% of Pensionable Income to cover Death in Service

West Croydon Baptist Church Notes to The Financial Statements Year Ended 31 December 2022

10 PENSION COSTS (continued)

Benefits, administration costs, and an associated insurance policy which provides income protection for Scheme members if 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 Limited.

The Scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. Because it is not possible to attribute the Scheme’s assets and liabilities to specific employers, the scheme is accounted for as if the Scheme were a defined contribution scheme.

The Minister is eligible to join the Scheme.

Actuarial valuation as at 31 December 2019

A formal valuation of the DB Plan as at 31 December 2019 was carried out by a professionally qualified Actuary using the Projected Unit Method. At the valuation date the market value of the DB Plan assets was £298 million, whilst the level of assets needed to pay benefits was £316m, giving a deficit of £18m (equivalent to a past service funding level of 94%). The Church and the other participating employers in the DB Plan are collectively responsible for funding this deficit.

The key financial assumptions underlying the valuation were as follows

Type of assumption	% p.a.
RPI price inflation assumption	3.20
CPI price inflation assumption	2.70
Minimum Pensionable Income IncreaseAdjustment (above CPI)	0.50
Pre-retirement assumed investment returns (gilt yield plus 1.75% pa)	2.95
Post retirementassumed investment returns (including benefits matched	1.70
by the insurance policy) (gilt yield plus 0.5% pa)
Minimum Pensionable Income increases (CPI plus 0.5%)	3.20
Deferred pension increases (based on RPI)
Pre April 2009	3.20
Post April 2009	2.50
Pension increases
BasedonCPIwithanannualfloorof0%andannualcapof5%	2.70

Mortality is assumed in accordance with 80% of the S3NA standard mortality table. Future improvements projected from 2013 in line with the “CMI 2019” projection with a long-term rate of improvement of 1.75% p.a. for males and 1.5% p.a. 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. Following the 2019 valuation a Recovery Plan was signed in September 2020 under which deficiency contributions are payable until June 2026. These contributions were broadly based on each employer's membership at 31 December 2014 and increase annually in line with increases to Minimum Pensionable Income as defined in the Rules.

West Croydon Baptist Church

Notes to The Financial Statements Year Ended 31 December 20212 10 PENSION COSTS (continued)

On 30th June 2022 the Baptist Pension Scheme signed an agreement with the insurance company Just Group (“Just”) to secure DB Plan members’ pension benefits. Just are now providing financial backing for all pensions provided through the Scheme's DB Plan and following this transaction, the Scheme no longer has a shortfall. An updated Recovery plan was then signed in August 2022 under which recovery contributions from each participating employer in the DB Plan reduced to £1 per month from August 2022.

Movement in Balance Sheet liability

Section 28.11A of FRS 102 requires agreed deficit recovery payments to be recognised asa liability. The movement in the provision is set out in the table below.

	2022	2021
	£	£
Balance sheet liability at year start	21,400	24,000
Minus deficiency contributions paid	(3,678)	(4,121)
Interestcost (recognised in SoFA)	78	88
Remaining change to balance sheet liability* (recognised in SoFA)	(17,800)	1,433
Balancesheetliabilityatyearend	0	21,400

Comprises any change in agreed deficit recovery plan and change in assumptions between year-ends.

This liability represents the present value of the deficit contributions agreed as at the accounting date and has been valued using the following assumptions set by reference to the duration of the deficit recovery payments:

				31 Dec 2022	31 Dec 2021	31 Dec 2020
Discount rate				2.0%	2.0%	0.4%
Future i uture increases Income	to to	Mini Minimum	Pensionabl Pensionable	8.7%	10.1%	3.0%

The Church has been advised that the cost for the church to buyout their Pension Scheme liabilities at 31 December 2021 was approximately Enil.

West Croydon Baptist Church Notes to The Financial Statements Year Ended 31 December 2022

11	TANGIBLE FIXEDASSETS	Freehold Land&	Fixtures, Fittings &	Office Equipment	Office Equipment	Total
		Buildings	Equipment
	COST	£	£	£		£
	At 1 January 2022	674,326	15,407		=	674,326
	Additions	-		-	1,267	1,267
	Disposals	-		-	-	-
	At 31 December2022	674,326	15,407		1,267	675,593
	DEPRECIATION
	At 1 January 2022	-	15,407		2	-
	Charge for the year				422	422
	At 31 December2022	-	15,407		422	422
	NET BOOK VALUE
	At 31 December2022	674,326		-	845	675,171
	At 31 December 2021	674,326		-	-	674,326
12	DEBTORS			2022	2021
				£	£
	Trade debtors			23,255	26,786
	Prepayments and accrued income			4,000	3,677
				27,255	30,463
13	CREDITORS:Amounts fallingduewithinoneyear			2022	2021
				£	£
	Bank loans and overdrafts			15,000	15,000
	Accruals and deferred income			4,047	1,349
	Social security and other taxes			2,145	1,756
				21,192	18,105

West Croydon Baptist Church Notes to The Financial Statements Year Ended 31 December 2022

14	CREDITORS: Amounts falling due afterone	CREDITORS: Amounts falling due afterone	oneyear				2022	2021
							£	£
	Bank loans and overdrafts						-	12,083
							-	12,083
15	ANALYSISOFNETASSETSBETWEEN		FUNDS	General funds		Endowment funds		Totalfunds
				£			£	£
	Tangible fixed assets			675,171			-	675,171
	Current assets			198,939			8,222	207,161
	Current liabilities			(21,192)			-	(21,192)
	Non-current liabilities				-		-	-
				852,918			8,222	861,140
46	STATEMENTOF FUNDS -CURRENT PERIOD	Balance 01/01/2022	. Incoming Resources	. Outgoing Resources	Transfers		Gains/ (losses) & Transfers	Balance 31/12/2022
		£	£	£		£	£	£
	Unrestricted funds
	The Fountain	1,550	-	-		8	-	1,558
	Young People	4,421	40	(456)		(14)	-	3,991
	Building Fund	157,510	3,380	(2,084)		28,672	-	187,478
	General Fund	596,091	205,637	(140,732)	(28,722)		21,400	653,674
	Book Agent	270	84	(79)		=	-	275
	Football Team	377	-	-		-	-	377
	Training Fund	1,000	-	-		-	-	1,000
	Fellowship Fund	2,342	-	-		-	-	2,342
	C150 - Challenge 150	1,853	-	-		-	-	1,853
	Little Jewels	700	-	(386)		56	-	370
		766,114	209,141	(143,737)		-	21,400	852,918
	Permanent endowment
	funds
	Investments	8,222						8,222
		774,336	209,141	(143,737)		*	21,400	861,140

West Croydon Baptist Church Notes to The Financial Statements Year Ended 31 December 2022

STATEMENTDF FUNDS- BRIDGEPERIGE	Balance 01/01/2021	Incoming Resources	Outgoing Resources	'"ansfers	Galny) sees)e	Balance 31/12/2021
	£	£	£	£	£	£
Unrestricted funds
The Fountain	1,398	200	(48)	3	-	1,550
Young People	4,332	-	89	*	-	4,421
Building Fund	145,100	12,410	-	-	-	157,510
General Fund	565,376	146,430	(118,315)	=	2,600	596,091
Book Agent	287	80	(97)	-	-	270
Football Team	377	-	-	-	-	377
Training Fund	1,000	-	-	-	-	1,000
Fellowship Fund	2,631	111	(400)	-	-	2,342
C150 - Challenge 150	1,853	-	-	-	-	1,853
Little Jewels	700	-	-	-	-	700
	723,054	159,231	(118,771)	-	2,600	766,114
Permanent endowment
funds
Investments	8,222	-	-	-	-	8,222
	731,276	159,231	(118,771)	.	2,600	774,336

17 RELATED PARTIES

The Association is a member of the Baptist Union of Great Britain.

There were no related party transactions during the year (2021: none).

TRUSTEEANDKEYPERSONNEL REMUNERATION AND BENEFITS	Remuneration	Pension contribution	Total 2022		Total 2021
	£	£	£	£
Rev. Denzil Larbi	8,163	3,678	11,841		-
	8,163	3,678	11,841		-

No trustees were reimbursed for their expenses this year. (2021: Nil)