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2023-12-31-accounts

CROFTON BAPTIST CHURCH – ANNUAL REPORT 2023

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:

Rev Adrian Judd (Pastor) - paid - from 01/09/12 Rachel Davis Rev Moises Mendoza (Associate Pastor) - paid - from Helen Williams 01/04/23 Femi Adesanya Wole Adeloye (Elder) Kola Olounbanjo David Coles (Elder) Simon Li Andrew Crowson (Church Manager & Elder) - paid - Sara Bottomley (Community Worker & Elder) - paid - from 07/09/16 from 01/09/13 Peter Newton (Chair of Finance Team/Treasurer)

Property Trustees:

Bankers:

The Baptist Union Corporation Limited Barclays Bank PLC Baptist House 229 High Street 129 Broadway Orpington Didcot BR6 0JU Oxfordshire OX11 8RT CAF Bank Ltd 25 Kings Hill Avenue Independent Examiner: Kings Hill Mark Jarrold West Malling 23 Repton Road ME19 4JQ Orpington BR6 9HR

Annual Report for 2023

The charity trustees present their Annual Report and Financial Statements for 2023.

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

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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 five meetings during 2023. These included a Special Church meeting on 22/01/23 to appoint an Associate Pastor. The AGM was held in person on 16/07/23. The Pastors 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 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 2023 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 – 7 plus informal prayer meetings; Church Meetings – 5.

The Church AGM approved the annual report and annual accounts for 2022. It also considered strategy and vision for the year ahead. The regular annual Charity Trustee Election took place during November when Chris Munday was appointed as an Elder and Femi Adesanya was reappointed as a non-eldership trustee. All those elected begin 3-year terms from 01/01/24.

The church membership at the end of December 2022 totalled 148 and at the end of 2023, having taken account of deaths, people moving on and new members joining, it was 155. 4 adults have been baptised by immersion during

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the year. On 11[th] March 2023 Crofton Baptist Church lost its last surviving founder member, Pam Davies, who had set us an example of commitment, vision, and zeal for just over 65 years!

Achievements and Performance

Several important objectives had been agreed by the Charity Trustees and Church Meeting for 2023 including:

  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. 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 2023 consistent with the overall objectives and those of the team itself as outlined in its original brief.

OBJECTIVE 1 - Rev Moises Mendoza was appointed as the Associate Pastor at a Special Church meeting held on 22/01/23 and took up his appointment on 01/04/23.

OBJECTIVE 2 - Good progress on was made during the year. This project will be progressed slowly and sensitively with completion expected during 2024.

In addition to the formal objectives set above the following activities were completed:

The following objectives were set for 2024:

  1. Launch a new website with a wider range of feature to enhance communication within the fellowship and beyond.

  2. Complete the transition to church covenant partnership.

  3. To run an apologetics course entitled ‘Beyond Belief’ for the benefit of the community.

  4. Conduct a review of the Mission Ministry Team activities and the systems and procedures for supporting mission organisations.

  5. Consider how to address the issue that the Main Worship Area is now virtually full on Sundays. Congregation growth will require innovative thinking.

  6. Establish a Prayer Room using the model provided by the organisation 24/7 Prayer.

Finance Ministry Team:

The financial results for the year ended 31 December 2023 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 4 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 are available and cashless giving via a mobile phone app will be introduced during 2024.

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 2023” ).

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 ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

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Balance sheet at 31st December 2023 Notes 2023 2023 2022 2022 Fixed assets Tangible assets io 1,530,283 1,540,345 Cuyrent assets Debtors Bank and cash li 12 27,830 17,474 231,165 221.733 Creditors: Amounts falling due in one year 13 Net Current assets 226,640 219,797 Total net assets 1760 142 Rèservès Endowment fund Restricted funds Designated funds Unrestricted funds Total funds 1,530,283 1,169 66,988 IS8 1756 923 1,540,345 62,382 51,288 io 1760 142 15 16 17 These accounts were approved by the Trustees on 117/21t and signed on their behalf bv.. Simon Ll ITreasurerl Andrew Crowson Isecretarvl

CROFTON BAPT15T CHURCH Legal information: The Church is a Registered Charity No 1134220. Church addres5.' Crofton Baptist Church 100 Crofton Lane Orpington, 8R5 IHD Trustees: The Trustees of Crofton Baptist Church are the Minister, Associate Minister, Community Worker, Elders and members of the Leadership Team ILTI. Wole Adeloye IElderl Femi Adesanya ILT member) Sara Bottomley Icommunity Worker) David Cole5 IElderl Andrew Crowson ILT member) Rachel Davis ILT member) Adrian Judd Iministerl Simon Li ILT member) Moises Mendoza (Associate Mlnisterl Peter Newton ILT memberl Kola Olounbanjo ILT member) Helen Williams ILT member) Bankers.. 8arclay5 Bank plc 229 High street Orpington Kent, BR5 ILT Charities Aid Foundatlon 25 Kings Hill Avenue Kings Hill West Malling Kent, ME19 4JQ Solicitors.. Wellers 45 Tweedy Road Bromley Kent, BRI 3NF Independent Examiner.. Mark Jarrold 23 Repton Road Orpington Kent, BR6 9HR

l. Accounting policies. a. Ba515 of preparation. The accounts are prepared in accordance with the Charities Statement of Recommended Practice (Charities 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. Assets and liabilities are initially recognized at hlstorical cost or transaction value unless Otherwise stated in the relevant accoL*nting policy notes. b. Income recognition All incoming resources are included in the Statement of Financial Activities when the charity 15 legally entitled to the income after any performance condltion5 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 income 15 included in the accounts in the year in which it is received. e. Expenditure recognition All expenditure 15 accounted for on an accruals basis. Expenditure is recognized where there is a legal or constructive obligation to make payments to third parties, It is probable that settlement will be required and the amount of the obligation can be measured reliably. f. Fundraising and publl¢ity C05t5 The Church does not make formal appeals for fund5 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 indlviduals In furthelance of the Church's charitablo objectives. h. Fixed Assets The main church buildlng 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 in 2000, is included at cost. Furniture and equipment in the Church premises are included at cost or net realisable value. Fixed asset expenditure is only capitalised if its cost exceeds £5,000.

i. Depreciation Depreciation has not been charged on land and buildings because, in the opinion of the Trustees, the residual value of the as5et5 is not le55 than the cost or valuation at which they are stated. Depreciation on other fixed assots Is calculated to write off the cost on a straight-line basis over their expected useful life, at the following rates.. Fixtures & fittings Equipment, office and audio-visual io% 20% j.Funds Unrestricted 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 deslgnated for other purposes. Designated funds comprise unrestricted funds that have heen set aside by the tru5tee5 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 accordance with 5peciflc restrictlons imposed by donors or which have been raised by the charity for specific purposes. Endowment funds represent those assets whlch must be held peimanently 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 unrestrlcted income. Any capital gains or losses arising on the investments fomi part of the fund. k. Reserves Policy In order to meet ongoing obligations and provide for contingency events, a Reserves Policy is in place and is reviewed annually.

  1. Donatlons and Gifts 2023 Unrestricted funds 2023 Restricted funds 2023 Total Funds 2022 Total Funds Offerlngs Tax refunds Grants Received 195,026 34,045 15,469 244,540 9,289 704 204,315 223,058 34,749 35,576 15,469 14,320 254,533 272,954 9,993 Grants received are mainly from Crofton Early Learners for the use of chuich premises.
  2. Income from Charitable actlvltles 2023 2022 Unrestrirted Unrestricted funds funds Friday Heroe5 Frlday Knlghts & Frlday Legend5 Capernwray trip Stoiy & Song group China Club Holiday at Home Seniors Church weekend Events Renew 100 B3dminton club Men @ Crofton Big Church Read Other 4653 1061 5327 824 480 610 2,558 636 475 410 1,845 144 292 627 472 295 433 55 210 831 1,275 17,398 1,737 8,293

  3. Investments 2023 2022 Unrestrlcted Unrestricted f4Jnds funds Bank Interest 3,615 461

  4. Other income 2023 2022 Unrestricted Unrestricted funds funds Insurance claim 2.044

  5. Ministry 2023 2022 Unrestricted Unrestricted funds funds Salaries Social security costs Pension costs Release of pension liabilitv Interest cost of pension 112,045 5,883 4,863 79,164 2,563 3,958 115,2281 319 264 2,834 505 TraSning Staff expenses Vi51ting speakers Manse 2,966 4,339 loo 8,946 139,142 3.810 78,189 The Associate MinI5ter started work in April 2023. Much of the church management is carried out without charge by volLJnteer5. This intangible cost 15 riot included in the Statement of Financial Activities since there is no measurable cost to the volunteers for their servlce. The Minister, Assoclate Mlnister, Community Worker and Church Manager are both trustees and paid employees. The Minister's benefits include the provision of manse accommodation owned by the church. No employee received emoluments in excess of £60,000 during the year12022- nonel. No sums were reimbursed to the Trustees for their work as Trustees, either in respect of salaries or expenses.12022 none). Two employees participate in the Baptist Pension Scheme Defined Contribution (DCI Plan. The other employees, including the Minister, participate in pension schemes from other providers.

  6. Grants 2023 Unrestricted funds 2023 2023 Designated Restricted funds funds 2023 Total Funds 2022 Total Funds SAT-7 Trust BU Home Ivlission 8MS World Mission Living Leadership Spinnaker Trust UCCF 7,000 7,000 7,500 3,500 2,000 2,500 3,500 6,335 1,000 1,000 1,500 7,000 7,000 7,500 3,500 2,000 2,500 4,280 6,631 2.771 1.000 1,563 7,001 6,998 22,457 3,500 1,998 2,500 4,490 6,933 2,073 I,oio 1,500 200 610 500 936 Heatons Fellowship Fund Health and Education Nepal Release It)ternational Education Plus Churches Together in Orpington Orpington Food Bank Tear FLtnd Other 780 296 1,271 500 63 li 351 600 400 2,624 3,235 751 43,197 1,500 5,034 49,731 62,705 Restricted funds payments are in respect of amounts received for distribution to various organisations 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 other distress. Designated funds payments are made from the Emergency Relief Fund and Mission Fund.

  7. Establlshment 2023 2023 Unrestricted Endowment funds funds 2023 Total Funds 2022 Total Fund5 BuSldings 19.273 12,187 11.665 596 1,460 4,325 4,277 4,649 1,070 19,273 12,187 11,665 596 1,460 4,325 4.277 4,649 1,070 10,062 10,062 173 10.062 69,737 11.336 5.288 7,115 814 2,017 3,930 3,688 3,242 1.684 9,735 1.569 50,419 Cleaning Telecomrnunications Photocopying Insurance Licenses/Subs Office expenses Publiclty Depreciation Other 173 59,675 Other expenditure in 2022 includes £1266 for work on the churth garden.

  8. Activities 2023 2022 Unrestricted Unrestricted fund5 funds Friday Heroes Friday Knight5 & Friday Legends Story & Sot)g group Holiday at Home Seniors Capernwray trip 3,207 949 983 2,670 483 488 843 475 1,338 189 3,560 rl:: Youth & children Church weekend Events 921 2,412 420 1,220 657 Worship Outreach Discipleship Renew 100 Men @ Crofton Big Church Road other 1,540 2,739 539 2,714 3,736 1,770 218 114 254 1,182 15 21 20,153 15,504 io

  9. Assets Fixtures Audio- and Office visual Fitting5 Equipment Equipment church Premlse5 Manse Total Cost or valuation At 1st January 2023 Additions 967,529 542,OOL) 74,793 23,320 89,999 1,697,641 At 31st December 2023 967,529 542,000 74,793 23,320 89,999 1.697,641 Depreclation At 1st January 2023 Charge for year At 315t December 2023 71,602 654 23,314 62,381 9,406 71,787 157,297 10,060 167,357 72,256 23,314 Net book value At 1st January 2023 At 31st December 2023 967,529 967,529 542,000 542,000 3,191 2537 27,618 1,540,345 18,212 1,530,284 There was no new expenditure on fixed assets durlng the year. All of the assets are used for ¢haritable purposes.

  10. Debtors 2023 2022 HMRC IGift Aid) Sundry 26,763 1,067 27,830 17,274 200 17,474

  11. Bank and Cash 2023 2022 Baptists Together Barclays Bank plc CAF Cash 85,274 74,881 41,085 2,095 203,335 40,072 81,040 82,665 482 204,259 li

  12. Creditors- amounts falling due within one year 2023 2022 HMRC IPAYE/NII 3,153 1,710 26 Pensions Sundry Total 1,373 4,526 200 1,936

  13. Pensions The Church 15 an employer participating 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 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 p3y5 contributions as set out in the Schedule of Cont¥ibutlons In force at that time. The Scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because It is not possible to attribute the Scheme's assets and liabilities to specific employers and means that contributions arE accounted for as if the Scheme were a defined contribution scheme, The pensions costs charged io the SOFA In the year are contributions payable towards benefits and expenses accrued in that year, plus any imp3¢1 of deficiency contributions, The Minister and members of the Church gtaff are eligible to loin the Scheme. From January 2012, pension provision 15 being made throLJgh the Defined ContribLJtion IDCI Plan within the Scheme, In general, members pay 8% of their Pensionable Income and employers pay 6Yo of members, Pensionable Income into individual pension accounts, which are operated and managed on behalf of the Pension Trustee by Legal and General Life Assurance Society Llmited. In addltlon, the employer pays a further 4Yo of Pensionable Income to cover Death in Service Benefits, administration costs, and an associated insurance polScy which provides income protertion 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 Bapt15t Union of Great Britain with Aviva plc. The furthew 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 Defined Benefit IDBI Plan within the Scheme, The main benefit5 for pre-2012 Service were a defined benefit pension of one eightieth of Final Minimum Pensionable Income for each year of Pensionable Service, together with additional pension in respect of premiums paid on Pensionable Income in excess of Minimum Pensionable Income. The Scheme, previously known as the Bapt15t Minister5. Pension Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011. 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, pension beneflts under the Defined 8enefit I'DB'I Plan. As a result, the Scheme no longer has a shortfall. A revised statement of contributions was announted in July 2022 with 12

deficit contributions from each participating employer in the DB plan reducing to £1 per month from August 2C)22. 15. Restrlcted funds 1st january 2023 Incoming resources Resource5 expended 31st December 2023 Transfers Assistant Minister Fund Fellowship Fund Missionary Fund 62,078 4,094 166,1721 257 47 62,382 130 5,769 9.993 296 4,738 5,034 91 1,078 1,169 166,1721 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. The Assistant Minister started work on I, April 2023, at which point the Fund was closed and the accumulated amount was transferred to the General Fund. The Fellowship Fund receives donations from members 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 Missionary Fund receive5 donations from members of the congregation for distribution to missionary organisations. 16, Designated funds 1st January 2023 Resources Transfers expended 31st December 2023 Emergency Relief Fund Mi551on Fund Sinking Fund Contingency Reserve Fund I,ioo 400 2,100 I,aoo 5,164 25,824 35,000 66,988 5,564 15,824 30,OIKJ 51,388 10,000 5,000 17,100 1,500 The Emergency Relief Fund is used to respond to appeals for money from missionary or aid org3nisations in respect of major disasters. The Mission Fund is in respect of a legacy received during 2011. The payment made from the Fund this year was a contribution to the travel costs of a member of the wngregation taking part in a missionary trip. 13

The Sinking Fund relates to amounts set aside lo cover malor repairs such as roofing, healing etc. An additional transfer of £10,000 was made into this Fund during the year. In order to meet on£oing obligations and provide for contingency events, a Contingency Reserve Fund is held and is reviewed annually. The review in 2023 resultcd in a transfer into the Fund of £5,000 reflecting higher costs genprally and, in particular, the appointment of the Assistant Minister during the year. 17. Unrestricted funds 1st January 2023 Incoming resources Resources expended Transfers 31st December 2023 General Fund 106,027 265,552 262,166 49,072 158,483 18. Analysis of net assets Fixed assets Net current assets Total 2023 Endowment Funds Restricted FLJnds Designated fund5 Unrestricted Funds 1,530,283 1,530,283 1,169 66,988 158,483 1,756,923 1,169 66,988 158,483 226,640 1,530,283 19. Related charities The ¢ustodlan Trustee of the church is the Baptist Union Corporation Limited Icharity number 2496351, and which is controlled by the Baptist Union Council. The church 15 also a member of the Baptlst Union of Great Britain, the London Baptlst Association and Cedarmore Housing Association Limited. The church made donations to the Baptist Union Home Mission Scheme and Baptist World Mission, as set out in note 7. The chLJrch received grants from Crofton Early Learners ICELI totalllng £15,427 12022- £14,280). CEL is considered to he part of the church's outreach to the local community, therefore any liability arising in respect of CEL ceasing to operate would be borne by Crofton Baptist Church. 14

INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS Report to the trustees and members of Crofton Baptlst Church (Charlty no. 11342201 on the accounts for the year ended 31st December 2023 set out on pages 2 to 14. I report to the trustees on my examination of the accounts of the above charlty I'the Trust'l for the year ended 31st December 2023. Responsibilltles and kiasls of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charltie5 Act 20111.the A¢t"l. I report in respect of my examination of the Trusvs accounts carrled out under section 145 of the 2011 Act and in carlying out my examination, I have followed all the applicable Directions given by the charitv Commisslon under section 14515llbl of the Act. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. the accountlng 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 Reports) Regulati011s 21)08 other than any requirement that the accounts Eive a 'true and fair, view which is not a matter considered as part of an Independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report In order to enable a proper understandlng of the accounts to be reached. M. larrold Date.. tso/o612W 15

CROFTON BAPtIST CHURCH ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

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Balance sheet at 31st December 2023 Notes 2023 2023 2022 2022 Fixed assets Tangible assets io 1,530,283 1,540,345 Cuyrent assets Debtors Bank and cash li 12 27,830 17,474 231,165 221.733 Creditors: Amounts falling due in one year 13 Net Current assets 226,640 219,797 Total net assets 1760 142 Rèservès Endowment fund Restricted funds Designated funds Unrestricted funds Total funds 1,530,283 1,169 66,988 IS8 1756 923 1,540,345 62,382 51,288 io 1760 142 15 16 17 These accounts were approved by the Trustees on 117/21t and signed on their behalf bv.. Simon Ll ITreasurerl Andrew Crowson Isecretarvl

CROFTON BAPT15T CHURCH Legal information: The Church is a Registered Charity No 1134220. Church addres5.' Crofton Baptist Church 100 Crofton Lane Orpington, 8R5 IHD Trustees: The Trustees of Crofton Baptist Church are the Minister, Associate Minister, Community Worker, Elders and members of the Leadership Team ILTI. Wole Adeloye IElderl Femi Adesanya ILT member) Sara Bottomley Icommunity Worker) David Cole5 IElderl Andrew Crowson ILT member) Rachel Davis ILT member) Adrian Judd Iministerl Simon Li ILT member) Moises Mendoza (Associate Mlnisterl Peter Newton ILT memberl Kola Olounbanjo ILT member) Helen Williams ILT member) Bankers.. 8arclay5 Bank plc 229 High street Orpington Kent, BR5 ILT Charities Aid Foundatlon 25 Kings Hill Avenue Kings Hill West Malling Kent, ME19 4JQ Solicitors.. Wellers 45 Tweedy Road Bromley Kent, BRI 3NF Independent Examiner.. Mark Jarrold 23 Repton Road Orpington Kent, BR6 9HR

l. Accounting policies. a. Ba515 of preparation. The accounts are prepared in accordance with the Charities Statement of Recommended Practice (Charities 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. Assets and liabilities are initially recognized at hlstorical cost or transaction value unless Otherwise stated in the relevant accoL*nting policy notes. b. Income recognition All incoming resources are included in the Statement of Financial Activities when the charity 15 legally entitled to the income after any performance condltion5 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 income 15 included in the accounts in the year in which it is received. e. Expenditure recognition All expenditure 15 accounted for on an accruals basis. Expenditure is recognized where there is a legal or constructive obligation to make payments to third parties, It is probable that settlement will be required and the amount of the obligation can be measured reliably. f. Fundraising and publl¢ity C05t5 The Church does not make formal appeals for fund5 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 indlviduals In furthelance of the Church's charitablo objectives. h. Fixed Assets The main church buildlng 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 in 2000, is included at cost. Furniture and equipment in the Church premises are included at cost or net realisable value. Fixed asset expenditure is only capitalised if its cost exceeds £5,000.

i. Depreciation Depreciation has not been charged on land and buildings because, in the opinion of the Trustees, the residual value of the as5et5 is not le55 than the cost or valuation at which they are stated. Depreciation on other fixed assots Is calculated to write off the cost on a straight-line basis over their expected useful life, at the following rates.. Fixtures & fittings Equipment, office and audio-visual io% 20% j.Funds Unrestricted 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 deslgnated for other purposes. Designated funds comprise unrestricted funds that have heen set aside by the tru5tee5 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 accordance with 5peciflc restrictlons imposed by donors or which have been raised by the charity for specific purposes. Endowment funds represent those assets whlch must be held peimanently 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 unrestrlcted income. Any capital gains or losses arising on the investments fomi part of the fund. k. Reserves Policy In order to meet ongoing obligations and provide for contingency events, a Reserves Policy is in place and is reviewed annually.

  1. Donatlons and Gifts 2023 Unrestricted funds 2023 Restricted funds 2023 Total Funds 2022 Total Funds Offerlngs Tax refunds Grants Received 195,026 34,045 15,469 244,540 9,289 704 204,315 223,058 34,749 35,576 15,469 14,320 254,533 272,954 9,993 Grants received are mainly from Crofton Early Learners for the use of chuich premises.
  2. Income from Charitable actlvltles 2023 2022 Unrestrirted Unrestricted funds funds Friday Heroe5 Frlday Knlghts & Frlday Legend5 Capernwray trip Stoiy & Song group China Club Holiday at Home Seniors Church weekend Events Renew 100 B3dminton club Men @ Crofton Big Church Read Other 4653 1061 5327 824 480 610 2,558 636 475 410 1,845 144 292 627 472 295 433 55 210 831 1,275 17,398 1,737 8,293

  3. Investments 2023 2022 Unrestrlcted Unrestricted f4Jnds funds Bank Interest 3,615 461

  4. Other income 2023 2022 Unrestricted Unrestricted funds funds Insurance claim 2.044

  5. Ministry 2023 2022 Unrestricted Unrestricted funds funds Salaries Social security costs Pension costs Release of pension liabilitv Interest cost of pension 112,045 5,883 4,863 79,164 2,563 3,958 115,2281 319 264 2,834 505 TraSning Staff expenses Vi51ting speakers Manse 2,966 4,339 loo 8,946 139,142 3.810 78,189 The Associate MinI5ter started work in April 2023. Much of the church management is carried out without charge by volLJnteer5. This intangible cost 15 riot included in the Statement of Financial Activities since there is no measurable cost to the volunteers for their servlce. The Minister, Assoclate Mlnister, Community Worker and Church Manager are both trustees and paid employees. The Minister's benefits include the provision of manse accommodation owned by the church. No employee received emoluments in excess of £60,000 during the year12022- nonel. No sums were reimbursed to the Trustees for their work as Trustees, either in respect of salaries or expenses.12022 none). Two employees participate in the Baptist Pension Scheme Defined Contribution (DCI Plan. The other employees, including the Minister, participate in pension schemes from other providers.

  6. Grants 2023 Unrestricted funds 2023 2023 Designated Restricted funds funds 2023 Total Funds 2022 Total Funds SAT-7 Trust BU Home Ivlission 8MS World Mission Living Leadership Spinnaker Trust UCCF 7,000 7,000 7,500 3,500 2,000 2,500 3,500 6,335 1,000 1,000 1,500 7,000 7,000 7,500 3,500 2,000 2,500 4,280 6,631 2.771 1.000 1,563 7,001 6,998 22,457 3,500 1,998 2,500 4,490 6,933 2,073 I,oio 1,500 200 610 500 936 Heatons Fellowship Fund Health and Education Nepal Release It)ternational Education Plus Churches Together in Orpington Orpington Food Bank Tear FLtnd Other 780 296 1,271 500 63 li 351 600 400 2,624 3,235 751 43,197 1,500 5,034 49,731 62,705 Restricted funds payments are in respect of amounts received for distribution to various organisations 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 other distress. Designated funds payments are made from the Emergency Relief Fund and Mission Fund.

  7. Establlshment 2023 2023 Unrestricted Endowment funds funds 2023 Total Funds 2022 Total Fund5 BuSldings 19.273 12,187 11.665 596 1,460 4,325 4,277 4,649 1,070 19,273 12,187 11,665 596 1,460 4,325 4.277 4,649 1,070 10,062 10,062 173 10.062 69,737 11.336 5.288 7,115 814 2,017 3,930 3,688 3,242 1.684 9,735 1.569 50,419 Cleaning Telecomrnunications Photocopying Insurance Licenses/Subs Office expenses Publiclty Depreciation Other 173 59,675 Other expenditure in 2022 includes £1266 for work on the churth garden.

  8. Activities 2023 2022 Unrestricted Unrestricted fund5 funds Friday Heroes Friday Knight5 & Friday Legends Story & Sot)g group Holiday at Home Seniors Capernwray trip 3,207 949 983 2,670 483 488 843 475 1,338 189 3,560 rl:: Youth & children Church weekend Events 921 2,412 420 1,220 657 Worship Outreach Discipleship Renew 100 Men @ Crofton Big Church Road other 1,540 2,739 539 2,714 3,736 1,770 218 114 254 1,182 15 21 20,153 15,504 io

  9. Assets Fixtures Audio- and Office visual Fitting5 Equipment Equipment church Premlse5 Manse Total Cost or valuation At 1st January 2023 Additions 967,529 542,OOL) 74,793 23,320 89,999 1,697,641 At 31st December 2023 967,529 542,000 74,793 23,320 89,999 1.697,641 Depreclation At 1st January 2023 Charge for year At 315t December 2023 71,602 654 23,314 62,381 9,406 71,787 157,297 10,060 167,357 72,256 23,314 Net book value At 1st January 2023 At 31st December 2023 967,529 967,529 542,000 542,000 3,191 2537 27,618 1,540,345 18,212 1,530,284 There was no new expenditure on fixed assets durlng the year. All of the assets are used for ¢haritable purposes.

  10. Debtors 2023 2022 HMRC IGift Aid) Sundry 26,763 1,067 27,830 17,274 200 17,474

  11. Bank and Cash 2023 2022 Baptists Together Barclays Bank plc CAF Cash 85,274 74,881 41,085 2,095 203,335 40,072 81,040 82,665 482 204,259 li

  12. Creditors- amounts falling due within one year 2023 2022 HMRC IPAYE/NII 3,153 1,710 26 Pensions Sundry Total 1,373 4,526 200 1,936

  13. Pensions The Church 15 an employer participating 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 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 p3y5 contributions as set out in the Schedule of Cont¥ibutlons In force at that time. The Scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because It is not possible to attribute the Scheme's assets and liabilities to specific employers and means that contributions arE accounted for as if the Scheme were a defined contribution scheme, The pensions costs charged io the SOFA In the year are contributions payable towards benefits and expenses accrued in that year, plus any imp3¢1 of deficiency contributions, The Minister and members of the Church gtaff are eligible to loin the Scheme. From January 2012, pension provision 15 being made throLJgh the Defined ContribLJtion IDCI Plan within the Scheme, In general, members pay 8% of their Pensionable Income and employers pay 6Yo of members, Pensionable Income into individual pension accounts, which are operated and managed on behalf of the Pension Trustee by Legal and General Life Assurance Society Llmited. In addltlon, the employer pays a further 4Yo of Pensionable Income to cover Death in Service Benefits, administration costs, and an associated insurance polScy which provides income protertion 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 Bapt15t Union of Great Britain with Aviva plc. The furthew 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 Defined Benefit IDBI Plan within the Scheme, The main benefit5 for pre-2012 Service were a defined benefit pension of one eightieth of Final Minimum Pensionable Income for each year of Pensionable Service, together with additional pension in respect of premiums paid on Pensionable Income in excess of Minimum Pensionable Income. The Scheme, previously known as the Bapt15t Minister5. Pension Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011. 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, pension beneflts under the Defined 8enefit I'DB'I Plan. As a result, the Scheme no longer has a shortfall. A revised statement of contributions was announted in July 2022 with 12

deficit contributions from each participating employer in the DB plan reducing to £1 per month from August 2C)22. 15. Restrlcted funds 1st january 2023 Incoming resources Resource5 expended 31st December 2023 Transfers Assistant Minister Fund Fellowship Fund Missionary Fund 62,078 4,094 166,1721 257 47 62,382 130 5,769 9.993 296 4,738 5,034 91 1,078 1,169 166,1721 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. The Assistant Minister started work on I, April 2023, at which point the Fund was closed and the accumulated amount was transferred to the General Fund. The Fellowship Fund receives donations from members 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 Missionary Fund receive5 donations from members of the congregation for distribution to missionary organisations. 16, Designated funds 1st January 2023 Resources Transfers expended 31st December 2023 Emergency Relief Fund Mi551on Fund Sinking Fund Contingency Reserve Fund I,ioo 400 2,100 I,aoo 5,164 25,824 35,000 66,988 5,564 15,824 30,OIKJ 51,388 10,000 5,000 17,100 1,500 The Emergency Relief Fund is used to respond to appeals for money from missionary or aid org3nisations in respect of major disasters. The Mission Fund is in respect of a legacy received during 2011. The payment made from the Fund this year was a contribution to the travel costs of a member of the wngregation taking part in a missionary trip. 13

The Sinking Fund relates to amounts set aside lo cover malor repairs such as roofing, healing etc. An additional transfer of £10,000 was made into this Fund during the year. In order to meet on£oing obligations and provide for contingency events, a Contingency Reserve Fund is held and is reviewed annually. The review in 2023 resultcd in a transfer into the Fund of £5,000 reflecting higher costs genprally and, in particular, the appointment of the Assistant Minister during the year. 17. Unrestricted funds 1st January 2023 Incoming resources Resources expended Transfers 31st December 2023 General Fund 106,027 265,552 262,166 49,072 158,483 18. Analysis of net assets Fixed assets Net current assets Total 2023 Endowment Funds Restricted FLJnds Designated fund5 Unrestricted Funds 1,530,283 1,530,283 1,169 66,988 158,483 1,756,923 1,169 66,988 158,483 226,640 1,530,283 19. Related charities The ¢ustodlan Trustee of the church is the Baptist Union Corporation Limited Icharity number 2496351, and which is controlled by the Baptist Union Council. The church 15 also a member of the Baptlst Union of Great Britain, the London Baptlst Association and Cedarmore Housing Association Limited. The church made donations to the Baptist Union Home Mission Scheme and Baptist World Mission, as set out in note 7. The chLJrch received grants from Crofton Early Learners ICELI totalllng £15,427 12022- £14,280). CEL is considered to he part of the church's outreach to the local community, therefore any liability arising in respect of CEL ceasing to operate would be borne by Crofton Baptist Church. 14

INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS Report to the trustees and members of Crofton Baptlst Church (Charlty no. 11342201 on the accounts for the year ended 31st December 2023 set out on pages 2 to 14. I report to the trustees on my examination of the accounts of the above charlty I'the Trust'l for the year ended 31st December 2023. Responsibilltles and kiasls of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charltie5 Act 20111.the A¢t"l. I report in respect of my examination of the Trusvs accounts carrled out under section 145 of the 2011 Act and in carlying out my examination, I have followed all the applicable Directions given by the charitv Commisslon under section 14515llbl of the Act. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. the accountlng 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 Reports) Regulati011s 21)08 other than any requirement that the accounts Eive a 'true and fair, view which is not a matter considered as part of an Independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report In order to enable a proper understandlng of the accounts to be reached. M. larrold Date.. tso/o612W 15