2020-12-31-accounts - Crofton Baptist Church, Orpington, Kent

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CROFTON BAPTIST CHURCH – ANNUAL REPORT 2020

Statutory Information:

Registered Address:

100 Crofton Lane Orpington BR5 1HD

As from 09/02/2010, Crofton Baptist Church (CBC) became a registered charity. CBC’s Registered Charity number is 1134220.

Trustees: Deanne Davies (Church Secretary) Rev Adrian Judd (Pastor) - paid - from 01/09/12 Peter Newton (Chair of Finance Team/Treasurer) Wole Adeloye (Elder) Rachel Davis David Coles (Elder) Rachel Dungate Christopher Munday (Elder) Diane Moss Marcus Honeysett (Elder) - resigned 10/01/20 Eric Quartey Andrew Crowson (Church Manager) - paid - from Philip Walter 07/09/16

Property Trustees: Bankers: The Baptist Union Corporation Limited Barclays Bank PLC Baptist House 229 High Street 129 Broadway Orpington Didcot Kent Oxfordshire OX11 8RT BR6 0JU Independent Examiner: Mark Jarrold CAF Bank Ltd 60 Ravensbury Road 25 Kings Hill Avenue Orpington BR5 2NN Kings Hill West Malling Kent ME19 4JQ HSBC 249 High St Orpington BR6 0NR

Annual Report for 2020

The trustees present their Annual Report and Financial Statements for 2020.

Charitable Object

The Charity is governed by a Constitution which states that the principal purpose of the charity is the advancement of the Christian faith according to the principles of the Baptist denomination to include 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. The church occupies premises which are held, by the Baptist Union Corporation Limited, on Trusts which are entirely compatible with the above object.

Organisational Structure and Decision-Making Process

Crofton Baptist Church is an unincorporated association with Managing Trustees appointed by a meeting of members (the “Church Meeting”). Church membership is open to all who profess repentance towards God and faith in the Lord Jesus Christ. They also accept the deity of the Lord Jesus Christ, the authority of the Holy Scriptures and the interpretation of them usually called Evangelical.

In accordance with the Constitution, the Church Meeting appoints the Trustees, (consisting of the Pastor and Leadership Team), to be responsible for the spiritual leadership, oversight, and administration of the church, including the financial and legal aspects of the charity. Specific duties are assigned by the Trustees to each person by mutual agreement. New Trustees receive a pack of appropriate documentation, as listed in the document

“Briefing New CBC Leadership Team Members” . The Trustees submit relevant matters to the Church Meeting for guidance, or matters may be raised by members in the Church Meeting for further consideration by the Trustees. The Church seeks to work by consensus wherever possible, though the Constitution permits decisions to be made at Church Meetings by appropriate majorities. All members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objective.

The Church Meeting has responsibility for the overall policy of the church, the appointment of the Charity Trustees, and meets regularly (not less than four times per year). This was obviously not possible during the Covid pandemic. There was one in person meeting on 16[th] February, but the AGM was held via Zoom on 22/10/20. The Pastor and other staff are appointed in accordance with the Church Constitution. Charity Trustees are elected for a period of 3 years and are eligible for re-election at the end of their period of service. The Church Secretary and the Chair of the Finance Team are chosen annually by the Charity Trustees from among themselves, subject to ratification by the membership at the next Church Meeting.

Objectives and Activities

Introduction

The Mission Statement and Objectives of the Church continue to be as follows:

Crofton Baptist Church Mission Statement – ‘Helping people follow Jesus’

Crofton Baptist Church Vision –

“We exist to help people to become fully committed and equipped disciples of Jesus Christ”

We will do this through:

Jesus’ centred preaching and teaching
Prayer that is both personal and corporate
Loving relationships across the generations
Serving others as we identify and use our spiritual gifts
Passionate outreach both at home and overseas
Engaging with our society in ways that are culturally relevant
Joyful and creative worship that is grounded in Scripture

This means:

Being committed to personal spiritual growth through the regular reading of God’s word
Living as a disciple of Jesus every day of the week
Belonging to an appropriate small group / home group
Learning to share our faith in Christ in natural and unforced ways
Being involved in a group/ activity within our local community
Sharing our resources for the sake of the kingdom and for the care of others
Playing our part in a church that lives up to the image of being a church that follows Jesus Christ
• Complete submission to the Holy Spirit in both decision-making and behaviour

The church is committed to this vision which includes growing its interest in global mission, developing compassion ministries and to caring for people in the community. It is possible to see this commitment in the work carried out by members of the church in serving the local, wider regional, and global communities.

Ministry Team Structure

Additionally, the church has a Ministry Team structure in place. During 2020 the nine teams have overseen various areas of church life; Youth, Community, Fellowship, Mission, Pastoral Care and Prayer, Finance, Support, Seniors, Children and the Sunday Service Ministry Team. These teams encourage members to be fully involved in the work of the church exercising their gifts and using their skills.

Church Life

The church is committed to helping all its members grow as faithful followers and worshippers of Jesus Christ and servants of other people in the church and wider community. Sunday services provide opportunities for teaching and worship. They are also an opportunity to encourage members to be active in serving others and telling them about Jesus. Members of the Church also enjoy fun events and eating together. MP3 versions of the Sunday morning service sermons are posted on the church’s website. The numbers of business meetings were as follows: Leadership Team – 14 plus informal prayer meetings held about fortnightly, after 17/3/20 these were all held via Zoom; Church Meetings – 2 (the AGM held on 22[nd] October was conducted via Zoom). The Leadership Team held a special meeting on 17/3/20 to discuss the Church’s response to the Covid crisis and its functioning during lockdown. All on-site group activities were suspended from that date.

The Church AGM approved the annual report and annual accounts for 2019. It also considered strategy and vision for the year ahead. The regular annual Charity Trustee Election took place during November using postal and email means when Peter Newton and Deanne Davies were re-elected, and Femi Adesanya was elected to join the team from 01/01/21.

The church membership at the end of December 2019 totalled 158 and at the end of 2020, having taken account of deaths, people moving on and new members joining, it was 153. Two adults have been baptised by immersion during the year.

Achievements and Performance

The activities carried out during the year were necessarily limited due to the Covid-19 pandemic. The last on-site service before the first lockdown took place on 15/3/20. There was a brief resumption of on-site services from 9/9/20 to 20/12/20. These included three weekday evening communion services. Baptist Union and Government guidelines were followed throughout the pandemic with detailed Risk Assessments in place for all activities.

Several important objectives had been agreed by the Charity Trustees and Church Meeting for 2020:

Associate Pastor Appointment - to proceed with this appointment, aiming for the chosen applicant to commence their role in September 2020.
Preparation of a Five-Year Vision Document - to attempt to be more strategic in our thinking and planning during the next five years.
Refurbishment of the Main Kitchen - this works needs to be completed following the inspection report form the Environmental Health Officer.
To continue progress towards the formation of a Discipleship Ministry Team.

In addition, each Ministry Team set objectives for 2020 consistent with the overall objectives and those of the team itself as outlined in its original brief.

As a result of the Covid-19 pandemic objectives 1, 2 and 4 remain outstanding. However, despite the pandemic it was possible to complete the main kitchen refurbishment during July and August. This brought it up to the standard required by the previous Environmental Health Officer’s Inspection Report. Additionally, the Associate Pastor position was advertised, but no suitable candidate was identified. In addition to these aims, the church has invested in equipment to enable the live-streaming of Sunday services.

Finance Ministry Team:

The financial results for the year ended 31 December 2020 are set out in the accompanying Financial Statements, together with a summary of the accounting policies adopted by the charity.

The church continues to raise the funds needed to carry on its activities from within its own membership and congregation, and in this accounting year no wider public appeal was made for funds. At the end of this accounting year the church employed 3 people. The church depends heavily on volunteers among its membership in all aspects of its activities, many of which involve little or no expenditure but nevertheless contribute substantially to the achievement of its objectives.

As an expression of its role in the life of the wider church, the charity made grants to national and international organisations and societies whose aims, and objectives are compatible with this church’s own charitable purpose (Details are listed in the attached document “Accounts for the Year Ended 31 December 2020” ).

The budget was prepared during January and approved by the Church Meeting.

During 2009, the Finance Team formulated a reserves policy. The finances of the church are not dependent on any one income stream; for instance, it receives no income from investments other than bank account interest and does not depend on a few large donors. The church owns a minister’s residence and all its other assets outright.

Throughout the year, the Fellowship Fund provided support to many members who were in financial need, including pensioners and those on benefits.

Crofton Baptist Church has appropriate insurance for its buildings and contents and Employer’s Liability Insurance, as recommended and provided by the Baptist Insurance Company PLC.

CROFTON BAPtIST CHURCH Helplng people follow Jesus ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020

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Balance sheet at 31st December 2020 Notes 2020 2020 2019 2019 Fixed assets Tangible assets 1,543,204 1,536,465 Current assets Debtors Cash at bank and in hand io li 9,956 125 961 135,917 8,720 169,684 Creditors.. Amount5 falling due in one year 12 Net current assets Net assèts excluding pension liability Defined benefit pension scheme liabilitv 127 096 1,670,300 21,526 1,695,798 34,452 13 Total net assets 1 $48 774 Reserves Endowment fund Restricted funds Designated funds Unrestritted funds Total fund5 1,543,204 22,491 61,268 21 1,534,473 15 16 103,064 1661346 These accounts were approved by the Trustees on 7th June 2021 and signed on their behalf by- Peter Newton ITreasurerl Deanne Davie5 Isecretarvl

CROFfoN BAPTIST CHURCH Legal information.. The Church is a Registered Charity No 1134220. Church address.. Crofton Baptist Church 100 Crofton Lane Orpington. BR5 IHD Trustees,. The Trustees of Crofton Baptist Church were the Minister, Elders and members of the Leadership Team ILTI. Wole Adeloye IElderl David Coles (Elderl Andrew Crowson ILT member) Rachel Davis ILT member) Deanne Davles ILT member) Rachel Dungate ILT member) Adrian Judd IMini5terl Diane Moss ILT memberl Christopher Munday IElderl Peter Newton ILT memberl Eric Quartey ILT member) Phil Walter ILT member) Bankers.. Barclays Bank plc Station Square Pett5 Wood Orpington Kent, BR5 ILT Charities Aid Foundation 25 Kings Hill Avenue Kings Hill West Malling Kent, ME19 4JQ HSBC 249 Highstreet Orpington Kent BR6 ONR Sollcltors: Wellers 45 Tweedy Road Bromley Kent, BRI 3NF Independent Examlner.. Mark Jarrold 23 Repton Road Orpington Kent, BR6 9HR

l. Accounting policie5. a. Basis of preparation. The accounts are prepared in atcordance with the, Charities Staten7ent of Recommended Practlce (Charities SORP 20151, FRS102 and with the Charities Act 2011. Crofton Baptist Church is a registered charityi no. 1134220 and meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognized at historical c05t or transaction value unle55 Otherwise stated in the relevant accounting policy notes. b. Income recognition All incoming re50ur¢es are included in the Statement of Financial Activities when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. c. Donations Donations are accounted for when received and, where applicable, Gift Aid is accrued. d. Investment income Investment intome is included in the account5 in the year in which it is received. e. Expenditure recognition All expenditure is accounted for on an accruals basis. Expenditure is recognlzed where there is legal or constructive obligation to make payment5 to third parties, it is probable that settlement will be required and the 8moLJnt of the obligation can be measured reliably. f. Fundraising and publicity costs The Church does not make formal appeals for funds thus expenditure on these item5 15 not material. g. Charitable Funding The Church makes grants to other organisatlDns whose charitable objects complement its work. It a5$0 makes grants to individuals IN furtherance of the Church's charitable objectives. h. Fixed A55ets The maln church building and the large hall are stated in the accounts at the insurance value in 1996. The manse and the extension to the church buildin& which was completed in 2000, Is included at cost. Furniture and equipment in the Ch(Trch premises are included at cost or net realisable value.

i. Depreciation Depreciation has not been charged on land and buildings because, in the opinion of the Trustees, the residual value of the assets is not less than the cost or valuation at which they are Stated. Depreciation on other fixed assets is calculated to write off the cost on a straight-line basis over tlieir expected useful life, at the following rates.. Fixtures & filtings Equipment, off ice and audio-visual io% 20% Depreciation is only charged on new assets costing over £5,000. j.Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance Df the general objectives of the charity and whith have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for specific purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are fund5 which are to be used in accordance with specific restrittions imposed by donors or which have been raised by the charity for speclflc purpose5. Elldowment funds represent those a5set5 which must be held pe¥manently by the charity, namely the church premises and manse. Income arising on the endowment ftjnds can be used in accordance with the objects of the charity and 15 included as unrestricted income. Any capital gains or losses arising on the investments form part of the fund. k. Reserves Policy In order to meet ongoing obligations and provlde for contingency events, a Reserves Policy is In place and is reviewed annually. Under the policy, reserves should be malntained at approKimètely 2 months non-fabric related expendlture, which for 2020 equated to £34,000 set aside in a designated Contin8enty Reserve Fund. The method of calculation has been reviewed and, for 2021, the reserve will be reduced to £30,000.

Donations and Gifts 2020 Unrestricted fund5 2020 Restricted funds 2020 Total Funds 2019 Total Funds Offerings Tax refunds Grants Received 158,758 29,922 8,400 197,080 21,350 2,646 180,108 185,586 32,568 33,384 8,400 8,000 23,996 221,076 226,970
Income from Charitable activities 2020 2019 Unrestricted Unrestricted funds funds Friday Heroes Holiday at Home Capernwray trip Seniors Events Other 1,065 3,482 1,410 5,400 2,064 1,419 3,484 17,259 9,723 381 651 557 12,378 The Capernwray trip could not go ahead in 2020 due to national restrictions on travel to combat COVID infections so the income of £9,723 received from participants was relmbursed. See al%0 note 8.
Investments 2020 2019 Unrestricted Unrestricted fvnds funds Interest 122 273 Rents 275 122 548
Ministry 2020 2019 UnTestricted Unrestricted funds funds Salaries Social security costs Pension costs BU pension deficit contribution Training staff expenses Visiting speakers Manse 75,659 2,820 3,472 110,2021 827 2,909 75 73,927 3,653 3,806 38,005 2,89D 3,220 531 6,802 82,362 3,733 129,765 The church's Ilabillty for its share of the BU Pension deficit has been reduced as a result of the latest artuarial valuation. See notes 13 and 14 for detail5. Much of the church management is carried out without charge by volunteers. This intangible cost is not included in the Statement of Financial Activities since there is no measurable c05t to the volunteers for their service. The Minister and Church MaTiager are both trustees and pald ernployees. The Minister's benèfits Include the provision of manse accommodation owned by the church. No employee recelved emoluments in excess of £60,000 during the year12019- none). No sums were reimbursed to the Trustees for their work as Trustees, either in respect of salaries or expenses.12019- none). One employee participates in the Baptist Pension Scheme Defined Contribution (DCI Plan. The other employees, including the Minister, participate in pension schemes from other providers.
Grant5 2020 Unrestricted funds 2020 2020 Designated Restricted funds funds 2020 Total Funds 2019 Total Funds SAT-7 Trust BU Home M555ion BMS World M issiori Living Leadership Spinnaker Trust Overseas Misslonary Fellowship 8,763 8,763 8,763 4,857 3,012 5,060 500 9,263 8,763 8,763 4,857 3,012 5,060 10,137 8,560 8,560 4,750 3,050 8,554

Education Plus Fellowship Fund UCCF Release International Cedarmore Houslng Christians Against Povertv Orpington Food bank Tear Fund Nepal Maypole Trust Other 3,194 4,884 4,384 1,000 800 150 3,194 5,384 4,384 1,000 800 150 2,745 5,769 500 1,030 800 750 2,149 1,730 300 500 500 694 1,005 1,505 1,699 56,829 2,017 60,901 54.324 1,000 Restricted funds payments ale In respect of amounts received for distributlon to varlous organisations or for specific purposes related to church activities, including the Fellowship Fund which is for distribution of small glfts to members of the church fellowship to encourage them at times of financial or other distress. Designated funds payments are made from the Emergency Relief Fund. 7. Establlshment 2020 Unrestricted funds 2020 2020 Deslgnated Endowment funds funds 2020 Total Funds 2019 Total Funds Buildings 13,541 5,574 7,544 610 2,091 3,352 3,591 4,162 1,084 41,796 55,337 5,574 7,544 610 2,091 3,352 3,591 4,162 1,084 5,859 293 89,497 25,505 5,466 7,129 602 2,841 2,291 3,390 1,906 2,356 3,653 4,343 59,482 Cleaning Telecommunicatlons Photocopying Insurance LicensesJSubs Office expenses Publicity Depreciation Other 5,859 293 41,842 41,796 5,859 The designated fund payment of £41,796 was for the refurbishment of the church kitchen.

Activities 2020 2019 Unrestricted Unrestricted funds funds Friday Heroes Holiday at Home Capernwray trip Seniors Youth & children Events Other 995 69 11,318 380 3,109 1,454 5,811 1,737 2,102 1,510 5,347 21.070 1,398 395 2,904 17,459 Capernwray trip costs in 2020 include the re-imbursement of amounts charged to partlclpants 1£9,7231 because the event could not take place due to Government restriction brought in to combat the COVID pandemic. The remaining cost is for transport for which a refund could not be obtained.
Assets Flxtures and Office AudiL7-visual Fittings Equipment Equipment Church Premises Manse Total Cost or valuation At 1st january 2020 Additions 967,529 542,000 74,793 23,320 62,145 1,669,787 12,598 12,598 74,743 1,682,385 At 31st Dember 2020 967,529 542,000 74,793 23,320 Depreciation At 1st January 2020 Charge for year At 315t December 2020 69,299 824 19,713 1,200 20,913 44,310 3,835 48,145 133,322 5.859 139,181 70,123 Net book value At 1st january 2020 At 31st December 2020 967,529 967,529 542,000 542,000 5,494 4,670 3,607 2,407 17.835 1,536,465 26,598 1,543,204 All of the assets are used for charitable purposes. io
Debtors 2020 2019 HMRC (Gift Aid) Sundry 9,130 826 7,894 826 9,956 8,720
Bank and Cash in Hand 2020 2019 Barclays Bank pl¢ CAF 45,186 41,802 38,330 643 54,175 72,252 33,896 641 HSBC Cash 125,961 160,964
Credltors- amounts falling due within one year 2020 2019 Mission Societies HMRC IPayelNII Pension5 Sundry Total 3,274 2,123 2,498 926 1,428 1,928 2,808 4,187 10,351 8.821
Defined benefit pension stheme liability 2020 2019 Bapt15t Union Pension Scheme 21,526 34,452 Section 28.IIA ol FRS 102 requires agreed deficit recovery payments to be recognised as a liabllSty. The movement in the provision is set out in the table below. li

31 December 2020 31 December 2019 Accounting date (year ending).. Balance sheet liability at year start 34,452 36,683 Deficiency contrlbutions paid 12,7241 13,5531 Interest Cost 563 838 Remaining change to balance sheet 110,7651 484 Balance sheet liability at year end 21,526 34,452 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 a5 at the accounting date and has been valued uslng the following assumptions set by reference to the duration of the deficit recovery payments.. Accounting date 31 December 2020 31 December 2019 31 December 2018 Discount rate Future increases to Minimum Pensionable Income 0.4% 1.7% 2.4% 3.0% 3.2% 3.3% 14. Penslons The Church is an employer participating in a pension scheme known as the Baptist Pension Scheme I'the Scheme"), which 15 administered by the Pension Trustee IBaptist Pension Trust Limited). The Scheme 15 a separate legal entity and 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 Contrlbution5 in force at that time. The Scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. Thi5 IS because it is not possible to attribute the Scheme'5 assets and liabilities to speclfic employers and means that contributlons 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 beneflts and expense5 accrued in that year, plus any impact of deficiency contributions. The Minister and members of the church staff are eligible to join the Scheme. 12

From january 2012, pension provision is being made through the Defined Contribution (DCI Plan within the Scheme. In general, member5 pay 8/0 of their Pensionable Income and employers pay 6% of members, Pensionable Income into individual pension actounts, which are operated and managed on behalf of the Pension Truslee by Legal and General Life A55urance Society Limited. In addilion, the ermployer pay5 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 Brltaln wSth Aviva plc. The further 4% contribution rate is reduced to 3% for Employer contributlDns made to the Segregated DC Arrangement. Members of the Basic Section pay reduced contributions of 5% of Pensionable Income, and their employers also pay a total of 5%. Benefit5 in respect of 5eTvice prior to l January 2012 are provided through the Defined Benefit IDBI Plan within the Scheme. The main benefits for pre-2012 seNice 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 MinimLJm Pensionable Income. The Scheme, previously known a5 the Baptist Ministers, Pension Fund, started in 1925, but wa5 closed to future accrual of defined benefits on 31 December 2011. Actuarial valuation as at 31 December 2019 A formal valuation of the Defined Benefit IDBI Plan was performed at 31 December 2019 by a profe55ionally qualified Actuary using the Projected Unit Method. The market value of the DB Plan assets at the valuation date was £298m. The valuation of the DB Plan revealed a deficit of assets compared with the value of liabilities of £18m (equivalent to a past service funding level of 94%). The Chur¢h and the other employer5 SUPPOrting the DB Plan are collectively responsible for funding this deficit. The key assumptions underlying the valuation were as follows.. Type of flnancial assumptlon RPI prlce inflatlon assumptlon CPI price inflation assumption Minimum Pensionable Income increases (CPI plus 0.75% pal Assumed investment returns Pre-retirement Post retirement Deferred pensiL7n increases Pre April 2009 Post April 2009 Pension increa5e5 %pa 3.20 2.70 3.20 2.95 1.70 3.20 2.50 13

Main Scheme pension 2.70 Post-retirement mortallty 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 1.58£ 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 deficit the Trustee and the Councll agree to a rate of deficiency contributions from churches and other employers involved in the 08 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 anrnually in line with increases to Minlmum Pensionable Income as defined in the Rules. However, the Trustees and the Council agreed a 51Yh reduction for all deficiency ¢ontribution5 payable between l July 2020 and 31 Dember 2020. 15. Restricted funds 1st January 2020 Incoming resources Resour5 expended 31st December 2020 Assistant Minister Fund Fellowship Fund Missionary Fund 21,706 I,oio 1,280 23,996 21,706 510 275 22,491 500 1,005 1,505 The Assistant Minister Fund was opened In September 2020 to receive money pledged by the congregation in Support of the employment of an Assistant Minister. No appointment to this post was made in 2020. The Fellowship Fund receives donations from members of the congregation for distribution of small gifts to members of the church fellowship to encoura@e them at times of financial or other dSstress. The Missionary Fund receives donations from members of the congregation for distribution to missionary organisations. 14

Dèsignated ndS 1st Januarv 2020 Resources Transfers expended 31st Decewnber 2020 Emergency Relief Fund Mission Fund Sinking Fund Contingency Reserve Fund 500 1,000 I,OOD 500 8,564 18,204 34,000 61,268 8,564 60,000 34,000 103,064 41,796 42,796 1,000 The Emergency Relie* Fund is used to respond to appea15 for money from missionary or aid organisatlons in respect of major disasters. The Mission Fund is in respect of a legacy received during 2011. The Sinking Fund relates to amounts set aside to cover major repairs such a5 roofing, heating etc. During 2020 this fund was utilised to pay from the refurbishment of the Church kitchen. In order to meet ongoing obligations and provide for contingency events, a Reserves Policy is in place and is reviewed annually. Under the policy, reserves should be maintained at approximately 2 months non-fabric related expenditure. This has been established as the Contingency Reserve Fund.
Analysis of net assets Fixed assets Net current assets Total 2020 Endowment Fund5 Restricted Funds Designated funds Unrestricted Funds 1,543,204 1,543,204 22,491 61,268 21,811 1,648,774 22,491 61,268 21,811 105,570 1,543,204
Related charities The custodian Trustee of the church 15 the Baptist Union Corporation Limited Icharity number 2496351, and which is controlled by the Baptist Union Council. The church is also a member of 15

the Baptist Union of Great Britain, the London Baptist Assotiation and Cedarmore Housing A550ciation Lirnited. The church made donations to the Baptist Union Home Mission Scheme, the Baptist World Mis510n and Cedarmore Housing Assoclation Ltd, as Set out in note 6. The church received grants from Crofton Early Learners ICELI totalling £8,40012019 - £8,000). CEL is considered to be part of the church's outreach to the local community, therefore, any liability arising in respert of CEL ceasing to operate would be borne by Crofton Baptist Church. 16

INDEPENDENT EXAMINER'S REPORTON THEACCOUNTS Report to the trustees and memljers of Crofton Baptlst Church (Charity no. 11342201 on the a¢counts for the year ended 31st December 2020 set out on pages 2 to 16. I report to the trustees on my examination of the accounts of the above charity 1.the Trust~) for the year ended 31st December 2020. Responsibilitles and basls of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requiremènts of thè Charities Act 20111.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 carryin8 Out my examination, I have followed all the applicable Directions given by the Charity Commission under sectlon 1451511bl of the Aci. I have completed my examination. I confirm that no material matters have come to my attention in ¢ollnectlon with the examinatlon which gives me cause to belleve that In, any mèterlal respect.. the accounting records were not kept in accordante 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 reqLJtrement5 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 tsther matters in connection with the examination to which attention should be drawn in this report in older to enable a proper understanding of the accounts to be reached. M. larrold Date.. I l J_ 17

CROFTON BAPtIST CHURCH Helplng people follow Jesus ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020

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Donations and Gifts 2020 Unrestricted fund5 2020 Restricted funds 2020 Total Funds 2019 Total Funds Offerings Tax refunds Grants Received 158,758 29,922 8,400 197,080 21,350 2,646 180,108 185,586 32,568 33,384 8,400 8,000 23,996 221,076 226,970
Income from Charitable activities 2020 2019 Unrestricted Unrestricted funds funds Friday Heroes Holiday at Home Capernwray trip Seniors Events Other 1,065 3,482 1,410 5,400 2,064 1,419 3,484 17,259 9,723 381 651 557 12,378 The Capernwray trip could not go ahead in 2020 due to national restrictions on travel to combat COVID infections so the income of £9,723 received from participants was relmbursed. See al%0 note 8.
Investments 2020 2019 Unrestricted Unrestricted fvnds funds Interest 122 273 Rents 275 122 548
Ministry 2020 2019 UnTestricted Unrestricted funds funds Salaries Social security costs Pension costs BU pension deficit contribution Training staff expenses Visiting speakers Manse 75,659 2,820 3,472 110,2021 827 2,909 75 73,927 3,653 3,806 38,005 2,89D 3,220 531 6,802 82,362 3,733 129,765 The church's Ilabillty for its share of the BU Pension deficit has been reduced as a result of the latest artuarial valuation. See notes 13 and 14 for detail5. Much of the church management is carried out without charge by volunteers. This intangible cost is not included in the Statement of Financial Activities since there is no measurable c05t to the volunteers for their service. The Minister and Church MaTiager are both trustees and pald ernployees. The Minister's benèfits Include the provision of manse accommodation owned by the church. No employee recelved emoluments in excess of £60,000 during the year12019- none). No sums were reimbursed to the Trustees for their work as Trustees, either in respect of salaries or expenses.12019- none). One employee participates in the Baptist Pension Scheme Defined Contribution (DCI Plan. The other employees, including the Minister, participate in pension schemes from other providers.
Grant5 2020 Unrestricted funds 2020 2020 Designated Restricted funds funds 2020 Total Funds 2019 Total Funds SAT-7 Trust BU Home M555ion BMS World M issiori Living Leadership Spinnaker Trust Overseas Misslonary Fellowship 8,763 8,763 8,763 4,857 3,012 5,060 500 9,263 8,763 8,763 4,857 3,012 5,060 10,137 8,560 8,560 4,750 3,050 8,554

Activities 2020 2019 Unrestricted Unrestricted funds funds Friday Heroes Holiday at Home Capernwray trip Seniors Youth & children Events Other 995 69 11,318 380 3,109 1,454 5,811 1,737 2,102 1,510 5,347 21.070 1,398 395 2,904 17,459 Capernwray trip costs in 2020 include the re-imbursement of amounts charged to partlclpants 1£9,7231 because the event could not take place due to Government restriction brought in to combat the COVID pandemic. The remaining cost is for transport for which a refund could not be obtained.
Assets Flxtures and Office AudiL7-visual Fittings Equipment Equipment Church Premises Manse Total Cost or valuation At 1st january 2020 Additions 967,529 542,000 74,793 23,320 62,145 1,669,787 12,598 12,598 74,743 1,682,385 At 31st Dember 2020 967,529 542,000 74,793 23,320 Depreciation At 1st January 2020 Charge for year At 315t December 2020 69,299 824 19,713 1,200 20,913 44,310 3,835 48,145 133,322 5.859 139,181 70,123 Net book value At 1st january 2020 At 31st December 2020 967,529 967,529 542,000 542,000 5,494 4,670 3,607 2,407 17.835 1,536,465 26,598 1,543,204 All of the assets are used for charitable purposes. io
Debtors 2020 2019 HMRC (Gift Aid) Sundry 9,130 826 7,894 826 9,956 8,720
Bank and Cash in Hand 2020 2019 Barclays Bank pl¢ CAF 45,186 41,802 38,330 643 54,175 72,252 33,896 641 HSBC Cash 125,961 160,964
Credltors- amounts falling due within one year 2020 2019 Mission Societies HMRC IPayelNII Pension5 Sundry Total 3,274 2,123 2,498 926 1,428 1,928 2,808 4,187 10,351 8.821
Defined benefit pension stheme liability 2020 2019 Bapt15t Union Pension Scheme 21,526 34,452 Section 28.IIA ol FRS 102 requires agreed deficit recovery payments to be recognised as a liabllSty. The movement in the provision is set out in the table below. li

Dèsignated ndS 1st Januarv 2020 Resources Transfers expended 31st Decewnber 2020 Emergency Relief Fund Mission Fund Sinking Fund Contingency Reserve Fund 500 1,000 I,OOD 500 8,564 18,204 34,000 61,268 8,564 60,000 34,000 103,064 41,796 42,796 1,000 The Emergency Relie* Fund is used to respond to appea15 for money from missionary or aid organisatlons in respect of major disasters. The Mission Fund is in respect of a legacy received during 2011. The Sinking Fund relates to amounts set aside to cover major repairs such a5 roofing, heating etc. During 2020 this fund was utilised to pay from the refurbishment of the Church kitchen. In order to meet ongoing obligations and provide for contingency events, a Reserves Policy is in place and is reviewed annually. Under the policy, reserves should be maintained at approximately 2 months non-fabric related expenditure. This has been established as the Contingency Reserve Fund.
Analysis of net assets Fixed assets Net current assets Total 2020 Endowment Fund5 Restricted Funds Designated funds Unrestricted Funds 1,543,204 1,543,204 22,491 61,268 21,811 1,648,774 22,491 61,268 21,811 105,570 1,543,204
Related charities The custodian Trustee of the church 15 the Baptist Union Corporation Limited Icharity number 2496351, and which is controlled by the Baptist Union Council. The church is also a member of 15