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2022-12-31-accounts

CROFTON BAPTIST CHURCH – ANNUAL REPORT 2022

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: Peter Newton (Chair of Finance Team/Treasurer) Rev Adrian Judd (Pastor) - paid - from 01/09/12 Rachel Davis Wole Adeloye (Elder) Eric Quartey David Coles (Elder) Femi Adesanya Christopher Munday (Elder) Philip Walter Andrew Crowson (Church Manager) - paid - from Sara Bottomley (Community Worker) - paid - from 07/09/16 01/09/13

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 2022

The trustees present their Annual Report and Financial Statements for 2022.

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

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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). There were four meetings during 2022. The AGM was held in person and via Zoom on 26/06/22. 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:

This means:

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 2022 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 (one of which was a half-day strategy meeting) plus informal prayer meetings; Church Meetings – 4

The Church AGM approved the annual report and annual accounts for 2021. It also considered strategy and vision for the year ahead. The regular annual Charity Trustee Election took place during November when Wole Adeloye and David Coles were re-elected to serve as Elders, Andrew Crowson and Sara Bottomley were elected to serve as Elders and Rachel Davis, Helen Williams, Kola Olounbanjo and Simon Li were elected to as non-eldership trustees. All those elected begin 3-year terms from 01/01/23.

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The church membership at the end of December 2021 totalled 149 and at the end of 2022, having taken account of deaths, people moving on and new members joining, it was 148. 5 adults have been baptised by immersion during the year.

Achievements and Performance

Several important objectives had been agreed by the Charity Trustees and Church Meeting for 2022:

  1. Associate Pastor Appointment - to proceed with this appointment, aiming for the chosen applicant to commence their role as soon as possible – this objective was carried forward from 2021.

  2. Preparation of a Five-Year Vision Document - to attempt to be more strategic in our thinking and planning during the next five years – this objective was carried forward from 2021.

  3. To continue progress towards the formation of a Discipleship Ministry Team – this objective was carried forward from 2021.

  4. Appointment of a Families/Youth/Children worker - to proceed with this appointment, aiming for the chosen applicant to commence their role as soon as possible.

  5. To begin the process of transition from the term ‘Church Member’ to ‘Church Partner’ in order to better encapsulate the responsibilities of the role.

In addition, each Ministry Team set objectives for 2022 consistent with the overall objectives and those of the team itself as outlined in its original brief.

OBJECTIVE 1 - Good progress on was made during the year, with positive conversations about a possible candidate during September 2022. These progressed towards an appointment which may take place during 2023. OBJECTIVE 2 - This objective is still outstanding and may be addressed during 2023. OBJECTIVE 3 - This objective is still outstanding and may be addressed during 2023.

OBJECTIVE 4 - Good progress on was made during the year, with positive conversations with a possible candidate. However, the candidate withdrew from the process. Further consideration will be necessary during 2023.

OBJECTIVE 5 - Good progress on was made during the year, including a sermon and discussion paper produced by Adrian and positive conversations at church meetings affirming the need for the transition. This project will be progressed slowly and sensitively during 2023.

In addition to the above objectives:

Finance Ministry Team:

The financial results for the year ended 31 December 2022 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 2022” ).

The budget for 2023 was prepared during December 2022.

During November 2020, the Finance Team formulated a revised 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.

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CROFTON BAPtIST CHURCH Helplng people follow Jesus ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

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Balance sheet at 31st December 2022 Notes 2022 2022 2021 2021 Flxed assets Tangible assets io 1,540,345 1,542.456 Current assets Debtors Bank and cash li 12 17,474 8,138 221,733 160,373 Credltors: Amounts falling due in one year 13 Net current assets Net assets excludlng penslon Ilabillty Deflned beneflt penslon scheme liability 219 797 1.760,142 1,700,305 17,1(X) 14 Total net assets Reserves Endowment fund Restricted funds Designated funds Unrestricted funds Total funds 1,540,345 62,382 51,388 106 027 1.542,456 39,184 51,588 16 17 These accounts were approved by the Trustee5 on and signed on their behalf by: Peter Newton (Treasurer) Andrew Crowson (Secretary)

CROFTOM BAPTIST CHURCH Legal Informatlon: 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 ihe Leadership Team ILTI. Wole Adeloye IElderl Femi Adesanya ILT memberl Sara Bottomley (Community Worker) David Coles (Elderl Andrew Crowson ILT member) Rachel Davls ILT member) Adrian Judd Iministerl Christopher Munday (Elderl Peter Newton ILT member) Eric Quartey ILT member) Phil Walter ILT member) Bankers: Barclays Bank plc 229 High Street Orpington Kent, BR5 ILT Charitles 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 Orplngton Kent, 8R6 9HR

l. Accounting poli¢ie5. a. Basis of preparation. The accounts are prepared in accordance with the, Charities Statement of Recommended Practice (Charities SORP 20151, FRS102 and wlth the Charities Act 2011. Crofton Baptist Church 15 a registered charity, no. 1134220 and meets the deflnitlon of a publlc benefit entity under FRS102. Assets and liabilities are initially recognized at historical cost or transaction value unless otherwise stated in the ￿levant accounting policy notes. b. Income recognition All incoming resources are included in the Statement of Flnanclal Activities when the charity Is legally entitled to the income after any performance conditions have been met, the amount can be measured rellably and it is probable that the income will be recelved. c. Donations Donations are accounted for when received and, where applicable, Gift Aid is accrued. d. Investment income Investment income is included in the accounts in the year In which it is received. e. Expenditure recognitlon All expenditure is accounted for on an accruals basis. Expenditure is recognized where there is a legal or constructive obligation to make payments to thlrd parties, It is probable that settlement will be required and the amount of the obligation can be measured rellablv. f. Fundraising and publicity costs The Church does not make formal appeals for funds thus expenditure on these items is not material. g. Charitable Funding The Church makes grants to other organisations whose charitable objects complement its work. It also makes grants to individuals in furtherance of the Church's charitable objectives. h. Fixed A5setS The main church hullding and the large hall are stated in the accounts at the insvrance value in 1996. The manse and the extension to the church buildinB, which was completed in 20￿, is lllcluded at cost. Furniture and equipment in the Church premises are included at C05t or net realisable value. Fixed asset expendlture Is only capltalSsed if it5 Cost exceeds £5,000.

i. Depreclation 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 ba515 over their expected useful life, at the following rates: Fixtures & flttinES Equipment, office and audio-visual 20*0 j.Funds Unrestricted funds are available for use at the discretiori of the trustees in furtherance of the general objectives of the charity and which 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 funds which are to be used in accordante with specific restrictions Imposed by donors or which have been raised by the charity for specific purposes. Endowment funds represent those assets which must be held permanefttly by the charity, namely the church premises and manse. Income arising on the endowment funds can be used in accordance with the objects of the charity and is Included as unrestricted income. Any capital galns or losses arising on the investments form part of the fund. k. Reserves Policy In order to meet ongolng obligatlons and provide for contingency event5, a Re5eryes Policy is in place and is revlewed annually.

  1. Donations and Gifts 2022 Unrestricted funds 2022 Restricted funds 2022 Total Funds 2021 Total Funds Offerlngs Tax refunds Grants Received 182,171 33,006 14,320 229,497 40,887 2,570 223,058 179,440 35,576 31,913 14,320 10,398 272,954 221,751 43,457 Grant5 received are mainly from Crofton Early Learners for the use of church premises.
  2. Income from Charltable artlvltles 2022 2021 Unrestrlcted Unrestricted funds funds Frlday Heroes Holiday at Home Seniors Events Other 2,962 1.845 144 433 2,909 8,293 383 926 10,670 11,979 Other Includes, in 2021, £9641 from the settlement of a long-standing debt arislng from outstanding rent of the Manse, belng accumulated interest and relmbursement of legal fees.
  3. Investments 2022 2021 Unrestricted Unrestricted funds fund5 Bank Interest 461 13

  4. Other Income 2022 2021 Unrestricted Unrestricted funds funds Insurance clalm 2,044 620

  5. Mlnlstry 2022 2021 Unrestricted Unrestricted funds funds Salaries Soclal security costs Pension costs Actuarial Igainsl/losses on re-measurement of pension 79,164 2,563 3,958 77,233 3,003 3,862 18091 Release of pension liability Interest cost of pension 115,2281 319 264 2,834 505 79 1,682 1,563 210 4,170 90,993 Training Staff expenses Visiting speakers Manse 3,810 78,189 M(Jch 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 cost to the volunteers for their service. The Minister and Church Manager are both trustees and pald employees. The Ministerfs benefits include the provision of manse accommodation owned by the church. No employee recelved emoluments in exces5 of £60,000 during the year12021- none). No sums were relmbursed to the Trustees for their work as Trustees, either in respect of salaries or eKpenses.12021- none). One employee participates In the Baptist Pension Scheme Defined Contribution (DCI Plan. The other employees, including the Minister, partlclpate in pension schemes from other providers.

  6. Grants 2022 Unrestricted funds 2022 2022 Designated Restricted funds funds 2022 Total Funds 2021 Total Funds SAT-7 Trust BU Home Mission BMS World Mission Living Leadership Spinnaker Trust UCCF Heatons Fellowship Fund Nepal flelease International Education Plus Churches Together In Orplngton Orpington Food Bank Tear Fund Cedarmore Housing Tools With A Mission Christian5 Against Poverty Operation Agri Jamaica Appeal Other 7,001 6,998 9,545 3,500 1,998 2,500 3,51)0 2,700 59 I,oio 1,500 200 7,001 6.998 22.457 3,5(Kl 1,998 2,500 4,490 6,933 2,073 I,oio 1,500 200 610 500 7,501 7,296 7,952 3,994 2,503 3,500 3,990 4,558 3,165 500 12,412 990 4,233 2,014 610 300 304 3(14 150 377 300 213 936 936 41,446 1,000 20,259 62,705 46,407 Restricted funds payments are In respect of amounts received for distribution to varlous organisations or for specific purposes related to church activltles, including the Fellowship Fund which is for distrlbution of small 8ifts 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 2022 Unre%trlcted funds 2022 Endowment funds 2022 Total Funds 2021 Total Funds Bulldlngs Utilities Cleanlng Telecommuni¢atitsn5 Photocopylng Insurance Licenses/Subs Office expense5 Publl¢lty Depreciatlon Other 11,336 5,288 7,115 814 2,017 3,930 3,688 3,242 1,684 11,336 14,262 5,288 7,286 7.115 7,271 814 548 2,017 2,485 3,930 3,485 3,688 4,566 3,242 4,443 1,684 1,349 9,735 8,379 1,569 336 9.735 50,419 54,410 9,735 1,569 40,684 Other expenditure includes £1266 for work on the church garden.

  8. Actlvltles 2022 2021 Unrestricted Unre5trlcted funds funds Friday Heroes Holiday at Home Seniors Youth & children Events Worship Outreach Dlsclpleship Other 2,670 1,338 189 2,191 657 2,714 3,736 1,770 239 603 774 292 424 203 3,563 1,266 483 513 15,504 8,121 io

  9. Assets Fixtures Audio- and Offlte visual Fittings Equlpment Equipment Church Premise5 Manse Total Cost or valuation At Istjanuary 2022 Addltion5 967.529 542.000 74,793 23,320 82.375 1,690,017 7,624 7,624 89.999 1,697,641 At 31st December 2022 967,529 542,000 74,793 23,320 Depreciation At 1st January 2022 Charge for year At 31st December 2022 70,948 654 22,114 1,200 23,314 54,500 7,881 62,381 147,562 9,735 157.297 71.602 Net book value At 1st January 2022 At 31st December 2022 967.529 967.529 542,OCN) 542.000 3,845 3,191 1,206 27,875 1,542,456 27,618 1,540,345 Expendlture on audio-visual equipment was for a new sound desk. All of the os5ets are used for charitable purposes.

  10. Debtors 2022 2021 HMRC (Gift Aid) Sundry 17,274 200 8,138 17,474 8,138

  11. Bank and Cash 2022 2021 Baptists Together Barclays Bank plc CAF HSBC Cash 40,072 81,040 82,665 59,815 91,074 923 423 482 204,259 152,235 li

  12. Creditors- amounts lalllng due wlthln one year 2022 2021 HMRC IPAYE/NII Penslons Sundry Total 1,710 26 1,761 26 200 737 1,936 2,524

  13. Deflned benefit pension scheme Ilability 2022 2021 Baptist Union Penslon Scheme 17,100 Section 28.IIA of FRS 102 requlres agreed deflclt recovery payments to be recognised as a liability. The movement in the provision is set out in the table below. 31 December 2022 31 December 2021 Accounting date {year ending): Balance sheet liability at year start 17.100 21,526 Deficiency Contribution5 paid 12,1911 13,6951 Interest cost 319 79 Remainlng change to balance sheet Ilability, 18091 Release of liabllity 115,2281 Balance sheet Ilabillty at year end 17,100 Comprises any change in agreed deficit recovery plan and change in assumptions between year-ends. At the end of June 2022, the Baptist Pension Scheme signed an agreement with the insurance company Just Group I'just'l to secure members, penslon benefits under the Defined Benefit I'DB'I Plan. As a resLtlt, the Scheme no longer has a shortfall. A revised statement of contrlbutions was announced ir) July 2022 with deficit contributions from each participating employer In the DB Plan reducing to £1 per month from August 2022. 12

  14. Pensions The Church is an employer participatlng in a pension scheme known as the Baptist Pension Scheme I'the Scheme"), which is administered by the Pension Trustee (Baptist Pension Trust Limitedl. The Scheme Is a separate leg61 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 time. The Scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Scheme's assets and liabilities to speciflc employers and means that contributions are accounted for as if the Scheme were a deflned contribution scheme. The pensions costs charged to the SOFA in the year are contrlbution5 payable towards benefits and expenses accrued in that year, plus any impact of deficiency contributions. The Minister and members of the church staff are eligible to join the Scheme. From January 2012, pension provision is being made through the Definetl Contribution IDCI Plan wlthln the Scheme. In general, members pay 8% of their Pensionable Income and employers pay 6Yo of members, Pensionable Income into individual pension accounts, whith are operated and managed on behalf of the Pension Trustee by Legal and General Life Assurance Society Limited. In additlon, the employer pays a further 4% of Pensionable Income to cover Death in Service Benefits, administration costs, and an associated insurance policy which provldes Income protection for Scheme members in the event that they are unable to work due to long-term incapacity. This income protection pollcy has been insured by the Baptist Union of Great Britain with Aviva plc. The further 4% contribution rate is reduced to 3% for Employer contributions made to the Segregated DC Arrangement. Members of the Basic Section pay reduced contributions of 5% of Pensionable Income, and their employers also pay a total of 5%. Benefits in respect of service prior to l January 2012 are provided through the Deflned Benefit IDBI Plan within the Scheme. The main benefits for pre-2012 service were a defined beneflt pension of one eightieth of Final Minimum Pensionable Income for each year of Pensionable Seryice, together with additional pension in respect of premiums paid on Pensionable Income in excess of Mlnimum Pensionable Income. The Scheme, previously known as the Baptist Minlsters, Pension Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011. 13

  15. Re5trlrted funds 1st January 2022 Incoming resources Resources expended 31st December 2022 As515tant Minister Fund Fellowship Fund Missionary Fund 38,827 23,241 4,490 15,726 43,457 62,078 257 47 62,382 4,233 16,026 20,259 347 39,184 The Asslstant 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, 2021 and 2022. The Fellowship Fund receives donations from members of the congregatlon and regular amounts from the church. Thls is used to make Elfts to members of the church fellowship to encourage them at times of financial or other dlstre55. The MSssionary Fund re￿iVeS donations from member5 of the congregation for distribution to missionary organisatlons.

  16. Deslgnated funds 1st January 2022 Resources Transfers expended 31st December 2022 Emergency Relief Fund Mission Fund Sinking Fund Contingency ReSe￿e Fund 21N) 5,564 15,824 30,000 51,588 I,OQhJ 800 5.564 15.824 30,000 51,388 1,000 800 The Emergency Relief Fund is used to respond to appeals for money from mlsslonary or aid organisations in respect of major disaster5. The Mission Fund is in respect of a legacy recelved during 2011. No expenditure was made from thls fund in 2022. The Sinking Fund relates to amounts set aslde to cover major repairs such as rooflng. heating etc. No expenditure was made from this fund in 2022. In order to meet ongoing obligations and provide for contingency events, a Contingency Reserve Fund is held andls revlewed annually. 14

  17. Analysis of net assets Fixed assets Net current assets Total 2022 Endowment Funds Restricted Funds Designated funds Unrestricted Funds 1,540.345 1,540,345 62,382 51,388 106,027 1,760,142 62,382 51,388 106,027 219,797 1,540,345

  18. Related charltles The custodian Trustee of the church is the Baptist Union Corporatlon Llmlted (charity number 2496351, and which is controlled by the Baptist Union Council. The church is also a member of the Baptist Union of Great Britain. the London Baptist Association and Cedarmore Housing Association Llmited. The church made donations to the Baptist Union Home Mission Scheme and Baptist World Mission, as set out in note 7. The church received grants from Crofton Early Learners ICELI totalling £14,280 12021- EIO,3601. CEL is considered to be part of the church's outreach to the local community, therefore any liability arislng in respect of CEL ceasing to operate would be borne by Crofton Baptist Church. 15

INDEPENDENT EXAMINER'S REPORT ON THEACCOUNTS Report to the trustees and membets ot Crofton Baptlst Church (Charlty no. 11342201 on the accounts forthe year ended 31st December 2022 set out on pages 2 to 15. I report to the trustees on my examination of the accounts of the above charity 1.the TrusVI for the year ended 31st December2022. Responsibi15tles and basls 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 20111.the ACY'I. I report in respect of my examination of the Trust's occounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directlons glven by the Charity Commission under section 14515llbl of the Act. I have completed my examination. I confirm that no material matter5 have come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act,. or the accounts did not accord with the accounting records,. or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reportsl Regulatlons 2008 other than any requirement that the accounts give a 'true and faie view which is not a matter considered as part of an independent examination. I have no concerns and have come acr055 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. M. Jarrold Date.. 16

CROFTON BAPtIST CHURCH Helplng people follow Jesus ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

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Balance sheet at 31st December 2022 Notes 2022 2022 2021 2021 Flxed assets Tangible assets io 1,540,345 1,542.456 Current assets Debtors Bank and cash li 12 17,474 8,138 221,733 160,373 Credltors: Amounts falling due in one year 13 Net current assets Net assets excludlng penslon Ilabillty Deflned beneflt penslon scheme liability 219 797 1.760,142 1,700,305 17,1(X) 14 Total net assets Reserves Endowment fund Restricted funds Designated funds Unrestricted funds Total funds 1,540,345 62,382 51,388 106 027 1.542,456 39,184 51,588 16 17 These accounts were approved by the Trustee5 on and signed on their behalf by: Peter Newton (Treasurer) Andrew Crowson (Secretary)

CROFTOM BAPTIST CHURCH Legal Informatlon: 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 ihe Leadership Team ILTI. Wole Adeloye IElderl Femi Adesanya ILT memberl Sara Bottomley (Community Worker) David Coles (Elderl Andrew Crowson ILT member) Rachel Davls ILT member) Adrian Judd Iministerl Christopher Munday (Elderl Peter Newton ILT member) Eric Quartey ILT member) Phil Walter ILT member) Bankers: Barclays Bank plc 229 High Street Orpington Kent, BR5 ILT Charitles 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 Orplngton Kent, 8R6 9HR

l. Accounting poli¢ie5. a. Basis of preparation. The accounts are prepared in accordance with the, Charities Statement of Recommended Practice (Charities SORP 20151, FRS102 and wlth the Charities Act 2011. Crofton Baptist Church 15 a registered charity, no. 1134220 and meets the deflnitlon of a publlc benefit entity under FRS102. Assets and liabilities are initially recognized at historical cost or transaction value unless otherwise stated in the ￿levant accounting policy notes. b. Income recognition All incoming resources are included in the Statement of Flnanclal Activities when the charity Is legally entitled to the income after any performance conditions have been met, the amount can be measured rellably and it is probable that the income will be recelved. c. Donations Donations are accounted for when received and, where applicable, Gift Aid is accrued. d. Investment income Investment income is included in the accounts in the year In which it is received. e. Expenditure recognitlon All expenditure is accounted for on an accruals basis. Expenditure is recognized where there is a legal or constructive obligation to make payments to thlrd parties, It is probable that settlement will be required and the amount of the obligation can be measured rellablv. f. Fundraising and publicity costs The Church does not make formal appeals for funds thus expenditure on these items is not material. g. Charitable Funding The Church makes grants to other organisations whose charitable objects complement its work. It also makes grants to individuals in furtherance of the Church's charitable objectives. h. Fixed A5setS The main church hullding and the large hall are stated in the accounts at the insvrance value in 1996. The manse and the extension to the church buildinB, which was completed in 20￿, is lllcluded at cost. Furniture and equipment in the Church premises are included at C05t or net realisable value. Fixed asset expendlture Is only capltalSsed if it5 Cost exceeds £5,000.

i. Depreclation 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 ba515 over their expected useful life, at the following rates: Fixtures & flttinES Equipment, office and audio-visual 20*0 j.Funds Unrestricted funds are available for use at the discretiori of the trustees in furtherance of the general objectives of the charity and which 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 funds which are to be used in accordante with specific restrictions Imposed by donors or which have been raised by the charity for specific purposes. Endowment funds represent those assets which must be held permanefttly by the charity, namely the church premises and manse. Income arising on the endowment funds can be used in accordance with the objects of the charity and is Included as unrestricted income. Any capital galns or losses arising on the investments form part of the fund. k. Reserves Policy In order to meet ongolng obligatlons and provide for contingency event5, a Re5eryes Policy is in place and is revlewed annually.

  1. Donations and Gifts 2022 Unrestricted funds 2022 Restricted funds 2022 Total Funds 2021 Total Funds Offerlngs Tax refunds Grants Received 182,171 33,006 14,320 229,497 40,887 2,570 223,058 179,440 35,576 31,913 14,320 10,398 272,954 221,751 43,457 Grant5 received are mainly from Crofton Early Learners for the use of church premises.
  2. Income from Charltable artlvltles 2022 2021 Unrestrlcted Unrestricted funds funds Frlday Heroes Holiday at Home Seniors Events Other 2,962 1.845 144 433 2,909 8,293 383 926 10,670 11,979 Other Includes, in 2021, £9641 from the settlement of a long-standing debt arislng from outstanding rent of the Manse, belng accumulated interest and relmbursement of legal fees.
  3. Investments 2022 2021 Unrestricted Unrestricted funds fund5 Bank Interest 461 13

  4. Other Income 2022 2021 Unrestricted Unrestricted funds funds Insurance clalm 2,044 620

  5. Mlnlstry 2022 2021 Unrestricted Unrestricted funds funds Salaries Soclal security costs Pension costs Actuarial Igainsl/losses on re-measurement of pension 79,164 2,563 3,958 77,233 3,003 3,862 18091 Release of pension liability Interest cost of pension 115,2281 319 264 2,834 505 79 1,682 1,563 210 4,170 90,993 Training Staff expenses Visiting speakers Manse 3,810 78,189 M(Jch 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 cost to the volunteers for their service. The Minister and Church Manager are both trustees and pald employees. The Ministerfs benefits include the provision of manse accommodation owned by the church. No employee recelved emoluments in exces5 of £60,000 during the year12021- none). No sums were relmbursed to the Trustees for their work as Trustees, either in respect of salaries or eKpenses.12021- none). One employee participates In the Baptist Pension Scheme Defined Contribution (DCI Plan. The other employees, including the Minister, partlclpate in pension schemes from other providers.

  6. Grants 2022 Unrestricted funds 2022 2022 Designated Restricted funds funds 2022 Total Funds 2021 Total Funds SAT-7 Trust BU Home Mission BMS World Mission Living Leadership Spinnaker Trust UCCF Heatons Fellowship Fund Nepal flelease International Education Plus Churches Together In Orplngton Orpington Food Bank Tear Fund Cedarmore Housing Tools With A Mission Christian5 Against Poverty Operation Agri Jamaica Appeal Other 7,001 6,998 9,545 3,500 1,998 2,500 3,51)0 2,700 59 I,oio 1,500 200 7,001 6.998 22.457 3,5(Kl 1,998 2,500 4,490 6,933 2,073 I,oio 1,500 200 610 500 7,501 7,296 7,952 3,994 2,503 3,500 3,990 4,558 3,165 500 12,412 990 4,233 2,014 610 300 304 3(14 150 377 300 213 936 936 41,446 1,000 20,259 62,705 46,407 Restricted funds payments are In respect of amounts received for distribution to varlous organisations or for specific purposes related to church activltles, including the Fellowship Fund which is for distrlbution of small 8ifts 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 2022 Unre%trlcted funds 2022 Endowment funds 2022 Total Funds 2021 Total Funds Bulldlngs Utilities Cleanlng Telecommuni¢atitsn5 Photocopylng Insurance Licenses/Subs Office expense5 Publl¢lty Depreciatlon Other 11,336 5,288 7,115 814 2,017 3,930 3,688 3,242 1,684 11,336 14,262 5,288 7,286 7.115 7,271 814 548 2,017 2,485 3,930 3,485 3,688 4,566 3,242 4,443 1,684 1,349 9,735 8,379 1,569 336 9.735 50,419 54,410 9,735 1,569 40,684 Other expenditure includes £1266 for work on the church garden.

  8. Actlvltles 2022 2021 Unrestricted Unre5trlcted funds funds Friday Heroes Holiday at Home Seniors Youth & children Events Worship Outreach Dlsclpleship Other 2,670 1,338 189 2,191 657 2,714 3,736 1,770 239 603 774 292 424 203 3,563 1,266 483 513 15,504 8,121 io

  9. Assets Fixtures Audio- and Offlte visual Fittings Equlpment Equipment Church Premise5 Manse Total Cost or valuation At Istjanuary 2022 Addltion5 967.529 542.000 74,793 23,320 82.375 1,690,017 7,624 7,624 89.999 1,697,641 At 31st December 2022 967,529 542,000 74,793 23,320 Depreciation At 1st January 2022 Charge for year At 31st December 2022 70,948 654 22,114 1,200 23,314 54,500 7,881 62,381 147,562 9,735 157.297 71.602 Net book value At 1st January 2022 At 31st December 2022 967.529 967.529 542,OCN) 542.000 3,845 3,191 1,206 27,875 1,542,456 27,618 1,540,345 Expendlture on audio-visual equipment was for a new sound desk. All of the os5ets are used for charitable purposes.

  10. Debtors 2022 2021 HMRC (Gift Aid) Sundry 17,274 200 8,138 17,474 8,138

  11. Bank and Cash 2022 2021 Baptists Together Barclays Bank plc CAF HSBC Cash 40,072 81,040 82,665 59,815 91,074 923 423 482 204,259 152,235 li

  12. Creditors- amounts lalllng due wlthln one year 2022 2021 HMRC IPAYE/NII Penslons Sundry Total 1,710 26 1,761 26 200 737 1,936 2,524

  13. Deflned benefit pension scheme Ilability 2022 2021 Baptist Union Penslon Scheme 17,100 Section 28.IIA of FRS 102 requlres agreed deflclt recovery payments to be recognised as a liability. The movement in the provision is set out in the table below. 31 December 2022 31 December 2021 Accounting date {year ending): Balance sheet liability at year start 17.100 21,526 Deficiency Contribution5 paid 12,1911 13,6951 Interest cost 319 79 Remainlng change to balance sheet Ilability, 18091 Release of liabllity 115,2281 Balance sheet Ilabillty at year end 17,100 Comprises any change in agreed deficit recovery plan and change in assumptions between year-ends. At the end of June 2022, the Baptist Pension Scheme signed an agreement with the insurance company Just Group I'just'l to secure members, penslon benefits under the Defined Benefit I'DB'I Plan. As a resLtlt, the Scheme no longer has a shortfall. A revised statement of contrlbutions was announced ir) July 2022 with deficit contributions from each participating employer In the DB Plan reducing to £1 per month from August 2022. 12

  14. Pensions The Church is an employer participatlng in a pension scheme known as the Baptist Pension Scheme I'the Scheme"), which is administered by the Pension Trustee (Baptist Pension Trust Limitedl. The Scheme Is a separate leg61 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 time. The Scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Scheme's assets and liabilities to speciflc employers and means that contributions are accounted for as if the Scheme were a deflned contribution scheme. The pensions costs charged to the SOFA in the year are contrlbution5 payable towards benefits and expenses accrued in that year, plus any impact of deficiency contributions. The Minister and members of the church staff are eligible to join the Scheme. From January 2012, pension provision is being made through the Definetl Contribution IDCI Plan wlthln the Scheme. In general, members pay 8% of their Pensionable Income and employers pay 6Yo of members, Pensionable Income into individual pension accounts, whith are operated and managed on behalf of the Pension Trustee by Legal and General Life Assurance Society Limited. In additlon, the employer pays a further 4% of Pensionable Income to cover Death in Service Benefits, administration costs, and an associated insurance policy which provldes Income protection for Scheme members in the event that they are unable to work due to long-term incapacity. This income protection pollcy has been insured by the Baptist Union of Great Britain with Aviva plc. The further 4% contribution rate is reduced to 3% for Employer contributions made to the Segregated DC Arrangement. Members of the Basic Section pay reduced contributions of 5% of Pensionable Income, and their employers also pay a total of 5%. Benefits in respect of service prior to l January 2012 are provided through the Deflned Benefit IDBI Plan within the Scheme. The main benefits for pre-2012 service were a defined beneflt pension of one eightieth of Final Minimum Pensionable Income for each year of Pensionable Seryice, together with additional pension in respect of premiums paid on Pensionable Income in excess of Mlnimum Pensionable Income. The Scheme, previously known as the Baptist Minlsters, Pension Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011. 13

  15. Re5trlrted funds 1st January 2022 Incoming resources Resources expended 31st December 2022 As515tant Minister Fund Fellowship Fund Missionary Fund 38,827 23,241 4,490 15,726 43,457 62,078 257 47 62,382 4,233 16,026 20,259 347 39,184 The Asslstant 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, 2021 and 2022. The Fellowship Fund receives donations from members of the congregatlon and regular amounts from the church. Thls is used to make Elfts to members of the church fellowship to encourage them at times of financial or other dlstre55. The MSssionary Fund re￿iVeS donations from member5 of the congregation for distribution to missionary organisatlons.

  16. Deslgnated funds 1st January 2022 Resources Transfers expended 31st December 2022 Emergency Relief Fund Mission Fund Sinking Fund Contingency ReSe￿e Fund 21N) 5,564 15,824 30,000 51,588 I,OQhJ 800 5.564 15.824 30,000 51,388 1,000 800 The Emergency Relief Fund is used to respond to appeals for money from mlsslonary or aid organisations in respect of major disaster5. The Mission Fund is in respect of a legacy recelved during 2011. No expenditure was made from thls fund in 2022. The Sinking Fund relates to amounts set aslde to cover major repairs such as rooflng. heating etc. No expenditure was made from this fund in 2022. In order to meet ongoing obligations and provide for contingency events, a Contingency Reserve Fund is held andls revlewed annually. 14

  17. Analysis of net assets Fixed assets Net current assets Total 2022 Endowment Funds Restricted Funds Designated funds Unrestricted Funds 1,540.345 1,540,345 62,382 51,388 106,027 1,760,142 62,382 51,388 106,027 219,797 1,540,345

  18. Related charltles The custodian Trustee of the church is the Baptist Union Corporatlon Llmlted (charity number 2496351, and which is controlled by the Baptist Union Council. The church is also a member of the Baptist Union of Great Britain. the London Baptist Association and Cedarmore Housing Association Llmited. The church made donations to the Baptist Union Home Mission Scheme and Baptist World Mission, as set out in note 7. The church received grants from Crofton Early Learners ICELI totalling £14,280 12021- EIO,3601. CEL is considered to be part of the church's outreach to the local community, therefore any liability arislng in respect of CEL ceasing to operate would be borne by Crofton Baptist Church. 15

INDEPENDENT EXAMINER'S REPORT ON THEACCOUNTS Report to the trustees and membets ot Crofton Baptlst Church (Charlty no. 11342201 on the accounts forthe year ended 31st December 2022 set out on pages 2 to 15. I report to the trustees on my examination of the accounts of the above charity 1.the TrusVI for the year ended 31st December2022. Responsibi15tles and basls 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 20111.the ACY'I. I report in respect of my examination of the Trust's occounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directlons glven by the Charity Commission under section 14515llbl of the Act. I have completed my examination. I confirm that no material matter5 have come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act,. or the accounts did not accord with the accounting records,. or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reportsl Regulatlons 2008 other than any requirement that the accounts give a 'true and faie view which is not a matter considered as part of an independent examination. I have no concerns and have come acr055 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. M. Jarrold Date.. 16