2021-12-31-accounts - Crofton Baptist Church, Orpington, Kent

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CROFTON BAPTIST CHURCH – ANNUAL REPORT 2021

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) Diane Moss Christopher Munday (Elder) Eric Quartey Andrew Crowson (Church Manager) - paid - from Femi Adesanya 07/09/16 Philip Walter

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 2021

The trustees present their Annual Report and Financial Statements for 2021.

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. The AGM was held in person and via Zoom on 17/10/21. A Special Church Meeting followed the AGM at which the members approved changes to the constitution to permit online meetings. These changes were those recommended by BUGB. The wording had been agreed with the Charity Commission by BUGB. 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 2021 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. The services are live-streamed and then the recordings are placed on the church’s YouTube channel. The numbers of business meetings were as follows: Leadership Team – 11 plus informal prayer meetings; Church Meetings – 2

The Church AGM approved the annual report and annual accounts for 2020. It also considered strategy and vision for the year ahead. The regular annual Charity Trustee Election took place during November when Andrew Crowson and Sara Bottomley were elected to begin 3-year terms from 01/01/22.

The church membership at the end of December 2020 totalled 153 and at the end of 2021, having taken account of deaths, people moving on and new members joining, it was 149. Three adults have been baptised by immersion during the year. From late June to mid-September Pastor Adrian Judd took a much needed and overdue sabbatical with his duties being divided among the Leadership Team.

Achievements and Performance

The activities carried out during the year were necessarily limited due to the Covid-19 pandemic. 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 2021:

Associate Pastor Appointment - to proceed with this appointment, aiming for the chosen applicant to commence their role as soon as possible.
Preparation of a Five-Year Vision Document - to attempt to be more strategic in our thinking and planning during the next five years.
To continue progress towards the formation of a Discipleship Ministry Team.
To re-launch the small Bible study groups within the fellowship.

In addition, each Ministry Team set objectives for 2021 consistent with the overall objectives and those of the team itself as outlined in its original brief.

The advertisement of the Associate Minister role resulted in 46 applicants, 12 of which returned a detailed questionnaire, 3 of which merited further consideration with 1 applicant being interviewed. No appointment resulted from this process and the job will be readvertised during 2022. As a result of the Covid-19 pandemic which necessarily required re-evaluation of the priorities, objectives 2 and 3 remain outstanding. Objective 4 was achieved very successfully, and the new groups have a been a great blessing to those attending.

In addition to objectives 1 to 4, and in response to the pandemic, it was decided that Renew 100, a wellbeing space, should be launched to help people recover from the impact of the pandemic on mental wellbeing. This has been very well received and many people from the community have benefitted from attending Renew 100.

Finance Ministry Team:

The financial results for the year ended 31 December 2021 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. Online giving options were explored and implemented during 2021.

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 2021” ).

The budget was prepared during December 2020.

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 Helping people follow Jesus ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

iozv Tok Iwds UnwVltt¢d e5lrfKled nd5 EnthwthÈht lurnd5 Nol IntDrnPtrom'. 7$7 211P76 nEliOrnzcdyl¢ veslmeirts 11.979 10.9BY SQ59 93 16.4Q7 ¥2362 S629 9A97 17A59 246,147 ESbIllonI 41591 179.g81 7,2 NrtlllcothEIIE¥PEDdfftwelre50ur¢eibilorètraAsfÈ I7.97 1592 143741 Tian51ws 114QD) NotTh¢¥mÈrttthfunds 19,6BDI 16.692 17481 54A3Z lot•lfunds&1othtlnward 11,268 5558a 54Y,2 IWAS6 l.E4S.?74 X.585.207 1,66L346 l.fA4P74 49ts71 39.184

Balance sheet at 31st December 2021 Notes 2021 2021 2020 2020 Fixed a5set5 Tangible assets io 1,542,456 1,543,204 Current assets Debtors Cash at bank and in hand li 12 8,138 152 235 160,373 9,955 125 9S7 135,912 Credltor5-. Amounts falllng due In one year 13 Net current assets Net assets excluding penslon Ilablllty Defined benefit pension scheme liability 157 849 1,700,3D5 17,100 1,670,300 21,526 14 Total net assets 1683 205 1648 774 Reserves Endowment fund Restricted funds Designated funds Unrest¥i£ted funds Total funds 1,542,456 39,184 51,588 1,543,204 22,491 61,268 15 16 77 These accounts were approved by the Trustee5 on 26/L122 and signed on their behalf by.. Peter Newton ITrea5urerl Andrew Crowson Isecretaryl

CROFTON BAPTIST CHURCH Legal information: The Church 15 a Registered Charity No 1134220. Church addre55'. Crofton Baptist Church 100 Crofton Lane DrpSngton, BR5 IHD Trustees.. The Trustees of Crofton Baptist Church We the Minister, Elders and members of the Leadership Team ILTI. Wole Adeloye (Elderl Feml Adesanya ILT member) David Coles (Elderl Andrew Crowson ILT member) Rachel Davis ILT member) Deanne Davies ILT member) Adrian ludd IMini5terl Diane Moss ILT memberl Christopher Munday IElderl Peter Newton ILT memberl Eric Quartey ILT memberl Phil Walter ILT memberl Bankers: Barclays Bank plc 229 High Street Orpington Kent, BR5 ILT Charities Aid Foundatlon 25 King5 Hill Avenue Kings Hill West Malling Kent, M E19 4JQ HSBC 249 Highstreet Orpington Kent BR6 ONR Solititors: Wellers 45 Tweedy Road Bromley Kent, BRI 3NF Independent Examiner.. Mark Jarrold 23 Repton Road Orpiiigton Kent, BR6 9HR

l. Accounting policie5. a. Basis of preparation. The accounts are prepared in accordance with the. Charities Statement o* Recommended Practice Icharities SORP 20151, FRS102 and with the Charities Act 2011. Crofton Baptist Church is a registered charity, no. 1134220 and meets the definition of a public benefit entity under FRS102. Asset5 and Ilabilitle5 are initially recoÉnized at historical cost or transaction value Ljnless otherwise stated in the relevant accounting policy notes. b. Income recognition All incoming resources are included in the Statement of Flnanclal Actlvlties 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 incorne will be received. Donations Donations are accounted for when (eIved and, where appllcable, Glft Aid is accrued. d. Investment income Investment income is included in the accounts In the year In whlch it is received. e. Expenditure recognition All expenditure is accounted for on an accruals basls. Expenditure is recognized where there Is a legal or construrtive obligation to make paymen15 to third partie5, It is probable that settlement will be required and the amount of the obligation can be measured reliably. f. Fundraising and publicity C051s The Church does not make formal appeals for funds thus expenditure on these items 15 not material. 8. Charitable Funding The Chu rch makes @rants to other Drganisation5 whose charitable objects complement its work. It also makes grant5 to individua15 in furtherance of the Church'5 charitable objectlves. h. Fixed Assets The main church bullding and the large hall are stated in the accounts at the Insurance value in 1996. The manse and the extension to the church building, which was completed 2000, Ss included at cost. Furniture and equipment in the Church premises are included at Cost or net realisable value. Flxed asset expenditure is only capitalised if its Cost exceeds £5,0.

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 les5 than the cost or valuation at which they are stated. Depreciation on other fixed assets is calculated to write off the cost on a stral@ht.line bas15 over their expected useful life, at the following rates: Fixtures & fittings Equipment, office and audio-visual j.Funds UnrestrS¢ted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Desl@nated funds comprise unrestricted fund5 that have been set aside by the trustees for specrfic purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with 5peElflc restrictions imposed by donors or which have been raised by the charity for specific purposes. Endowment funds represent those assets which must be held permanently by the charitvi namely the church premises and manse. Income arisSng on the endowment funds can be used In accordance with the objects of the charity and 15 included as unrestritted income. Any capital gains or losses arising on the investments form part of the fund. k. Reserves Policy Iri order to meet ongoing obligations and provlde for contingency events, a Reserves Polity is In place and 15 reviewed annually.

Donations and Gift5 2021 Unrestricted funds 2021 Restricted funds 2021 Total Funds 2020 Total Funds Offerings Tax refund5 Grants Received 161,254 29,115 10,398 200,767 18,186 2,798 179,440 180,075 31,913 32,568 10,398 8,433 221,751 221,076 20,984
Income from Charltable activities 2021 2020 Unrestricted Unrestricted funds funds Friday Heroes Holiday at Home Capernwray trip Seniors 383 926 1,065 9,723 381 651 557 Events Other 10,670 11,978 12,378 Other includes £9641 from the settlement of a long-standing debt arising from outstanding nt of the Manse, being accumulated interest and reimbursement of legal fees.
Investment5 2021 2020 Unrestricted Unrestricted funds funds Interest 13 122
Other Intome 2021 2020 Unrestricted Unrestrlcted funds funds Insurance claim 620 This amount was received in respect of a claim for the replacement of windows broken bv vandals.
Mlnistry 2021 2020 Unrestricted Unre5tricled fund5 funds Salaries Social security costs Pension costs Actuarial Igainsl/losses on re-measurement of pension 77,233 3,003 3,862 75,659 2,820 3,472 18091 110,7651 Interest cost of pension 79 1,682 1,563 210 563 Training staff expenses Visiting speakers Manse 827 2,909 75 4,170 90,993 6,802 82,362 Much of the church management Is carried out without charge by volunteers. This intangible cost is not included in the Statpment of FiF)ancial Activities sin there is no measurable cost to the volunteers for theSr service. The Minister and Church Manager are both trustees and paid employees. The Ministerfs benefits include the provision of manse accommodation owned by the church. No employee received emoluments in extess of £60,0(K) during the year12020- none). No 5um5 were reimbursed to the Trustees for their work as Trustees, either in respect of Salaries or expenses.12020- none).

One employee participates in the Baptist Pension Scherlle Defined Contribution (DCI Plan. The other employees, including the Minister, participate in pension schemes f¥om other providers. 7. Grants 2021 Unrestricted funds 2021 2021 Designated Restricted funds funds 2021 Total Funds 2020 Total Fund5 SAT-7 Trust BU Home Misslon BMS World Mission Living Leadership Spinnaker TrLJst UCCF Heatons Fellowship Fund Nepal Release Internatlonal Cedarmore Housing Christians Against Povertv OperatlDn Agri Tear Fund Jamaica Appeal Oveiseas Missionary Fellowship Education Plus Other 7,501 7,296 7,952 3,994 2,503 3,500 145 3,997 25 7,501 7,296 7,952 3,994 2,503 3,500 3,990 4.558 3,165 1,000 304 150 377 300 300 9,263 8,763 8.763 4,857 3,012 4,384 1,005 5,384 500 1,000 800 150 3,000 845 561 1,840 1.300 304 150 377 300 300 5,060 3,194 694 213 213 37,276 4,900 4,231 46,407 56,829 Restricted funds payments are in respect of amounts received for distribution to various orEanisations or for specific purposes related to church activities, including the Fellowship Fund which 15 for distribution of small gifts to members of the church fellowship to encourage them at times of financial or othef distress. Designated funds paymellts are made from the Emergency Relief Fund and the Mission Fund.

Establishment 2021 2021 2021 Designated Restricted funds 2021 Endowment funds 2021 Totsl Fund5 2020 Total Fund5 Unrestrict&d lund5 Building5 11,822 7,286 7,271 548 2,485 3,485 4.566 4,443 1,349 2.380 60 14,262 55,337 7.286 5,574 7,271 7,115 548 610 2,485 2,091 3,485 3.352 4,566 3,591 4,443 4,162 1,349 1.084 8,379 5,859 335 724 8,379 54,409 89,499 Cleanlng Telecommunications PhotocopylnE Insurance censes/subs Offlce expenses Publicity Oepreciation Other 8,379 335 43,590 2,380 60
Artivltles 2021 2020 Unrestricted Unrestricted funds funds Friday Heroes Holiday at Home Capernwray trip Senior5 Youth & children Event5 Worshlp Other 603 774 995 69 11,318 380 1,398 395 292 424 203 3,563 2,262 8,121 449 2,445 17,459 Worshlp expenditure includes the cost of purchasSng a drum kit. io
Assets Fixture5 Audio- and Offi vlsual Fittings Equipment Equlpment Church Premise5 Manse Total Cost or valuation At 1st January 2021 Additions At 31st December 2021 967,529 542,(M)O 74,793 23,320 74,743 1,682,385 7,632 7,632 82,375 1,690,017 967,529 542,000 74,793 23,320 Depreciation At 1st January 2021 Charge for year At 31st December 2021 70,123 824 20,913 1,200 22,114 48,145 6,355 54,500 139,181 8,379 147,562 70,948 Net book value At Istlanuary 2021 At 31st December 2021 967,529 967,529 542,000 542,000 4,670 3,845 2,407 1,206 26,598 1,543,204 27,875 1,542,455 Expenditure on audio-visual equipment was for enhancing the church's sound system to improve live streamlng of Sunday service5. All of the assets are used for charltable purposes. 11, Debtors 2021 2020 HMRC (Gift Aid) Sundry 8,138 9,130 826 8,138 9,956 The debt of £826 arising from manse rent arrears was cleared during the year by the former tenant of the Manse.
Bank and Cash in Hand 2021 2020 Barclay5 Bank plc CAF HSBC Cash 59,815 91,074 923 423 45,186 41,802 38,330 643 152,235 125,961 li
Cred5tors- amounts falllng due withln one year 2021 2020 Mission Socleties HMRC IPAYEINII 3,274 2,122 2,497 926 1,760 26 Penslon5 Sundrv Total 736 2,522 8,819
Defined benefit pension scheme liability 2021 2020 Baptist Union Pension Scheme 17,100 21,526 Section 28.IIA of FR5 102 requires agreed deficit recovery payments to be recognised a5 a liability. The movement in the provision is set out in the table below. 31 December 2021 31 L)ecember 2020 Accountlng dale (year ending): Balance sheet liability at year start 21,526 34,452 Deficlency contributior15 paid 13,6951 12,7241 Interest cost 79 563 Remaining change to balance sheet 18091 110,7651 Balance Sheet liability at year end 17,100 21,526 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.. Accounting date Dlscount rate Future increases to Minimum Pensionable Income 31 December 2021 31 De¢ember2020 31 Dember 2019 2.0% 0.4% 1.7% 4.1% 3.0% 3.2% 12

15, Pension5 The Church is an employer participating in a pension scheme known as the &aptist Pension Scheme I'the Scheme'l, which is administered by the Pension Trustee IBaptist Pension Trust Limitedl. The Scheme is 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 Contributions in force at that tlme. The Scheme is considered to be a multi-employer scheme as described in Sectlon 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 contribution5. The Minister and members of the church staff are eligible to join the Scheme. Frorll January 2012, pension piovision is beillg made through the Defined Contribution (DCI Plan within the Scheme. In general, members pay 8% of their Pensionable Income and employers pay 6% of members, Pensionable Income into indivldual pension accounts, which are operated and managed on behalf of the Pension Trustee by Legal and General Life Assurance Soci@ly Limited. In addition, the employer pays a further 4% of Pensionable Income to cover Death in Service Benefit5, administratlDn costs, and an associated insurance policy which provides income protection for ScheTMe members in the event that they are unable to work due to long-term incapacity, This income protection policy ha5 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. Members of the Basi¢ Section pay reduced contribution5 of 5% of Pensionable Income, and their employer5 also pay a total of 5%. Benefits in respect of service prior to l January 2012 are provided through the Defined Benefit IDBI Plan within the scheme. The main beneflts for pre-2012 servlce were a defined beneflt pension of one eightieth of Final MiniTNum Pensionable Income for each year of Pensionable Service, together with additional pension in respect of premiums paid Dn Pensionable IncDme in exce55 of Minimum Pensionable Income. The Schemei previously known as the Bapt15t Ministers, Penslon Fund, started in 1925, but was 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 professionally 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 lequivalent to a past service funding level of 94%). The Church and the other employers supporting the DB Plan are collectively responslble for funding this deficSt. 13

The key assumptions underlying the valuation were as follows: Type of financial assumption RPI price inflation assumption CPI price inflation assumption Minimum Pensionable Income Increases (CPI plus 0.75% pal Assumed investment returns Pre-retirement Post retirement Deferred pension increases Pre April 2009 Post April 2009 Pension increases Main Scheme pension %pa 3.20 2.70 3.20 2.95 1.70 3.20 2.50 2.70 Post-retirement mortality in accordance wllh 80% of the S3NFA and S3NMA tables, with allowance for future improvements in mortality rates from 2013 in Ilne with the CMI 2019 core projections, with a long term annual rate of improvement of 1.75% for males and 1.5Y¢ for females, with the core smoothing parameter and with additlDnal initlal 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 Yate of deficlency contributions from churches and othe 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'5 membership at 31 December 2014 and increase annually in line with increases to Minimum Pensionable Income as defined in the Rules. However, the Trustees and the Council agreed a 50% reduction for all deficiency tDntributions payable between l July 2020 and 31 December 2020. 14

Restrirted funds 1st Januaiy 2021 Incoming resources Resources expended 315t December 2021 A5515tant Minister Fund Fellowship Fund Missionary Fund Fabrlc Fund 21,706 510 275 17,131 51 3,741 60 20,983 38.827 561 3,670 346 22,491 4,291 39.183 The Assistant Minister Fund was opened in SEPtember 2020 to receive money pledged by the congregation in support of the employment of an Ass1Stant Minister. No appointment to this post was made in 2020 and 2021. The Fellowship Fund receive5 donations from member5 of the congregation and regular amounts from the church. This is used to Make gifts to members of the church fellowship to encourage them at times of financial or other distress. The Mlsslonary Fund receive5 donations from members of the congregation for distribution to missionary organlsations.
Designated funds 1st january 2021 Resources Transfers expended 31st December 2021 Emeigency Relief Fund Mission Fund Sinking Fund Contingency Reserve Fund 500 8,564 18,204 34,000 61,268 1,900 3,000 2,380 1,600 200 5,564 15,824 30,000 51,588 14,0001 12,4001 7,280 The Emergency Rellef Fund is used to respond to appeals for money from missionary or aid organi5ations in respect of major disaslers. The Mission Fund 15 in respect of a legacy received during 2011. In 2021 £3,000 was spent to contribute to the ongoing tralning expense5 of missionaries associated with the church. The Sinking Fund rel8tes to amounts set aside to cover major repairs such as roofing, heating etc. During 2021 this fund was utilised to pay for repairs to the roof. In order to meet ongoing obligations 2nd provide for contlngency events, a Contingency Reserve Fund Is held and is reviewed annually. After the lale5t review the policy was revised, so that reserves should be maintained at approxlmately 3 months expendlture after excluding 15

property and repair costs and covering 75% of mlssion costs. This has given rise to a reduction of £4,000 to the fund. 18. Analysis of net asset5 Flxed assets Net current assets Total 2021 Endowment Funds Restricted Funds Designated funds Unrestricted Funds 1,542,456 1,542,456 39,184 51,588 49,977 1,683,205 39,184 51,588 49,977 140,749 1,542,456 19. Related charities The custodian Trustee of the church is the Baptist Union Corporation Limited Icharlty number 2496351, and which is controlled by the Baptlst Union Council. The church 15 also a member of the Baptist Union of Great Brltain, the London Baptist Association and Cedarmore Hov5ing Association Limited. The church made donations to the Baptist Union Home Mission Scheme, the Baptist World Mission and Cedarmore Houslng Association Ltd, as set out in note 7. The church received grants from Crofton Early Learners ICELI totalling £10,36012020 - £8,400). CEL 15 considered to be part of the church's outreach to the local communSty, therefore, any liability arlslng in respect of CEL ceasing to operate would be borne by Crofton Baptist Church. 16

INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS Report to the tYUStees and members of Crofton Baptlst Church (Charity no. 11342201 on the accounts for the year ended 31st December 2021 set out on page5 2 to 16. I report to the trustees on my examination of the accounts of the above charity I'the Trust") for the year ended 31st Decembe¥ 2021. Responsibilities and basls of report As the charity's trusteesi you are responsible for the preparation of the accounts in accordance with the requirement5 of the 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 carrying out my examination, I have followed all the applicable Dlrections given by the Charltv Commission under sectlon 14515llbl of the Act. I have completed my examination. I confirm that no material matters have come to my attention in connection wlth the examination which glves me cause to believe that In, any material respect.. the accounting records were not kept In accordance with sertlon 130 of the Charities Act,. or the account5 did not accord with the accounting records,. or the actounts did not comply with the appllcable requireTllents toncerning the form and content of accounts set out in the Charitie5 IActounts and Reports) Regulatlons 2008 other than Bny 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 toncerns and have come across no other matters in connectSon with the examination to which attentlon should be drawn in this report In order to enable a proper understanding of the accounts to be reached. M. Jarrold Date.. 17

CROFTON BAPtIST CHURCH Helping people follow Jesus ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

Donations and Gift5 2021 Unrestricted funds 2021 Restricted funds 2021 Total Funds 2020 Total Funds Offerings Tax refund5 Grants Received 161,254 29,115 10,398 200,767 18,186 2,798 179,440 180,075 31,913 32,568 10,398 8,433 221,751 221,076 20,984
Income from Charltable activities 2021 2020 Unrestricted Unrestricted funds funds Friday Heroes Holiday at Home Capernwray trip Seniors 383 926 1,065 9,723 381 651 557 Events Other 10,670 11,978 12,378 Other includes £9641 from the settlement of a long-standing debt arising from outstanding nt of the Manse, being accumulated interest and reimbursement of legal fees.
Investment5 2021 2020 Unrestricted Unrestricted funds funds Interest 13 122
Other Intome 2021 2020 Unrestricted Unrestrlcted funds funds Insurance claim 620 This amount was received in respect of a claim for the replacement of windows broken bv vandals.
Mlnistry 2021 2020 Unrestricted Unre5tricled fund5 funds Salaries Social security costs Pension costs Actuarial Igainsl/losses on re-measurement of pension 77,233 3,003 3,862 75,659 2,820 3,472 18091 110,7651 Interest cost of pension 79 1,682 1,563 210 563 Training staff expenses Visiting speakers Manse 827 2,909 75 4,170 90,993 6,802 82,362 Much of the church management Is carried out without charge by volunteers. This intangible cost is not included in the Statpment of FiF)ancial Activities sin there is no measurable cost to the volunteers for theSr service. The Minister and Church Manager are both trustees and paid employees. The Ministerfs benefits include the provision of manse accommodation owned by the church. No employee received emoluments in extess of £60,0(K) during the year12020- none). No 5um5 were reimbursed to the Trustees for their work as Trustees, either in respect of Salaries or expenses.12020- none).

Establishment 2021 2021 2021 Designated Restricted funds 2021 Endowment funds 2021 Totsl Fund5 2020 Total Fund5 Unrestrict&d lund5 Building5 11,822 7,286 7,271 548 2,485 3,485 4.566 4,443 1,349 2.380 60 14,262 55,337 7.286 5,574 7,271 7,115 548 610 2,485 2,091 3,485 3.352 4,566 3,591 4,443 4,162 1,349 1.084 8,379 5,859 335 724 8,379 54,409 89,499 Cleanlng Telecommunications PhotocopylnE Insurance censes/subs Offlce expenses Publicity Oepreciation Other 8,379 335 43,590 2,380 60
Artivltles 2021 2020 Unrestricted Unrestricted funds funds Friday Heroes Holiday at Home Capernwray trip Senior5 Youth & children Event5 Worshlp Other 603 774 995 69 11,318 380 1,398 395 292 424 203 3,563 2,262 8,121 449 2,445 17,459 Worshlp expenditure includes the cost of purchasSng a drum kit. io
Assets Fixture5 Audio- and Offi vlsual Fittings Equipment Equlpment Church Premise5 Manse Total Cost or valuation At 1st January 2021 Additions At 31st December 2021 967,529 542,(M)O 74,793 23,320 74,743 1,682,385 7,632 7,632 82,375 1,690,017 967,529 542,000 74,793 23,320 Depreciation At 1st January 2021 Charge for year At 31st December 2021 70,123 824 20,913 1,200 22,114 48,145 6,355 54,500 139,181 8,379 147,562 70,948 Net book value At Istlanuary 2021 At 31st December 2021 967,529 967,529 542,000 542,000 4,670 3,845 2,407 1,206 26,598 1,543,204 27,875 1,542,455 Expenditure on audio-visual equipment was for enhancing the church's sound system to improve live streamlng of Sunday service5. All of the assets are used for charltable purposes. 11, Debtors 2021 2020 HMRC (Gift Aid) Sundry 8,138 9,130 826 8,138 9,956 The debt of £826 arising from manse rent arrears was cleared during the year by the former tenant of the Manse.
Bank and Cash in Hand 2021 2020 Barclay5 Bank plc CAF HSBC Cash 59,815 91,074 923 423 45,186 41,802 38,330 643 152,235 125,961 li
Cred5tors- amounts falllng due withln one year 2021 2020 Mission Socleties HMRC IPAYEINII 3,274 2,122 2,497 926 1,760 26 Penslon5 Sundrv Total 736 2,522 8,819
Defined benefit pension scheme liability 2021 2020 Baptist Union Pension Scheme 17,100 21,526 Section 28.IIA of FR5 102 requires agreed deficit recovery payments to be recognised a5 a liability. The movement in the provision is set out in the table below. 31 December 2021 31 L)ecember 2020 Accountlng dale (year ending): Balance sheet liability at year start 21,526 34,452 Deficlency contributior15 paid 13,6951 12,7241 Interest cost 79 563 Remaining change to balance sheet 18091 110,7651 Balance Sheet liability at year end 17,100 21,526 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.. Accounting date Dlscount rate Future increases to Minimum Pensionable Income 31 December 2021 31 De¢ember2020 31 Dember 2019 2.0% 0.4% 1.7% 4.1% 3.0% 3.2% 12

Restrirted funds 1st Januaiy 2021 Incoming resources Resources expended 315t December 2021 A5515tant Minister Fund Fellowship Fund Missionary Fund Fabrlc Fund 21,706 510 275 17,131 51 3,741 60 20,983 38.827 561 3,670 346 22,491 4,291 39.183 The Assistant Minister Fund was opened in SEPtember 2020 to receive money pledged by the congregation in support of the employment of an Ass1Stant Minister. No appointment to this post was made in 2020 and 2021. The Fellowship Fund receive5 donations from member5 of the congregation and regular amounts from the church. This is used to Make gifts to members of the church fellowship to encourage them at times of financial or other distress. The Mlsslonary Fund receive5 donations from members of the congregation for distribution to missionary organlsations.
Designated funds 1st january 2021 Resources Transfers expended 31st December 2021 Emeigency Relief Fund Mission Fund Sinking Fund Contingency Reserve Fund 500 8,564 18,204 34,000 61,268 1,900 3,000 2,380 1,600 200 5,564 15,824 30,000 51,588 14,0001 12,4001 7,280 The Emergency Rellef Fund is used to respond to appeals for money from missionary or aid organi5ations in respect of major disaslers. The Mission Fund 15 in respect of a legacy received during 2011. In 2021 £3,000 was spent to contribute to the ongoing tralning expense5 of missionaries associated with the church. The Sinking Fund rel8tes to amounts set aside to cover major repairs such as roofing, heating etc. During 2021 this fund was utilised to pay for repairs to the roof. In order to meet ongoing obligations 2nd provide for contlngency events, a Contingency Reserve Fund Is held and is reviewed annually. After the lale5t review the policy was revised, so that reserves should be maintained at approxlmately 3 months expendlture after excluding 15