CAMPSBOURNE 8APTIST CHURCH RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 General Restricted Funds Funds 2022 - 2023 2021-2022 Notes £ Income reeelpts Donations, legactas and grants 16,621 110. 16,731 4,745 Gift aid receipts Investment income Rental income Other 8,341 990 102,877 2,880 622, 11,221 1,612 102,877 12,446 98,598 Total recelpts 128,829 3,612 132,441 116,585 Payments Payments in relation to charttable activities undertaken directly Grants paid in relation to charitable activities undertaken by others 97,931 3,428 101,359 63.576 Total paymonts 97,931 3,428 101,359 63.576 Net of receipts I (payments) before transfers Transfers be￿en funds 30,898 31,082 53,009 2.271 Net movement In fvnd8 30,898 31,082 53,012 Cash funds as at last year end 210,206 12,844 223,050 170,038 Cash funds at thls year end 241,104 13,028 254,132 223,050 The notss on pay$ 3 4fomi p•rt ofthe5e accowl Approvad by Dosignation Dato CAMPSBOURNE BAPTIST CHURCH STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31 MARCH 2023 Page 2 Nots General Restricted 2022 - 2023 2021-2022 fund8 funds A. Ca8h fund8 Held 8t bank Pety cash 240,970 100 241,070 13,061 254,032 100 254.132 222.950 100 223,050 13,061 B. Spoor Memorial Fund Investsnents at market value.. £14,654.95 4.25Yo Treasu 14,420 14,420 16,166 C. Other monetary assets Gift aid due to charty SES Busine88 Water Rent for Flat 1 3,451 3.451 3,896 473 1,050 Other debtors (over payments) 3,451 3,451 5,419 D. Current Liabllitie8 Accounts preparation and examination Property Management Cleaners cost Other creditors Pension deficit conlributTons 450 450 450 1847.83 600 7,512 1,258 9,220 7512 1.258 9,220 3,695 6,593 E. Long term liability (> I year) Baptist Union Pension deficit 19.605 19,605 F. A8sets retained for charity's own u38 Church buildings: The Campsbourne Manse Fixtures, fumiture and ment Copier and attachments Totals General Funds 5,801,936 Restrlcted 2022 - 2023 2021-2022 5,801,936 5,801,936 450,885 89,457 450,885 89,457 450,885 8g,457 8,491 6,350,769 8,491 6,350,769 8,491 8,350,769 CAMPS80URNE BAPTIST CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 1. Premises Rgnted out a) The Manse is currantly rented at £2,070.00 per month from April 2023, Garage £80 per month. Page 3 b) Flat 1 at 1-3 The Campsboume is rented out at £1.050.00 per month but can vary according lo market c) Flat 3 at 1-3 The Campsboume is rented out at £1,624.00 d)North London Rudolph Steiner School £3634.00 pm during term time only. £384.00 continues outside of term time for offiGe and Cupboard. e) The Happening Pla￿ £1436.00, two offices and the Coffee Lounge for 2hrs per week. These amounts are reduced for each week closed 2. Paym8nts In relatSon to charltsblo a¢tfrvltle8 undertaken directly 3110312023 3110312022 Ministry { includes Ministerfs stipend, Nl contributions and rninistry professional fees cost) Mission related costs 53,158 31.954 2.884 42,202 1,462 28,254 Church building co818 Administration costs Totsls 3115 q01,359.00 1,906 63.576.00 3. Bank and Cash balances Barclays Communty Account Bardays Instant Access Saver AJC COIF Chartties Deposit Alc Baptist Union 1 Year Deposit Account Baptist Union 1 Yr Deposit 2 Cashlcheques in hand 311D312023 31m312022 61,545.58 145,645.75 74,270.86 19,968.73 42,527.38 41.786.50 15,641.90 15.395.31 60,046.23 0.00 100.00 100.00 254 131.75 3. Re8tr1cted Fund balancès 3110312023 132.92 3110312022 132.92 The Campsbourne Disaster Fund Maintenance Fund relates to donations for building m8intenanc*. Snooker Club MotheTs & toddlers The Spoor Memorial Fund Flower fund Sundry ( Gospel Con￿rt, mostly for outreach> excluded negatlve fund balances 3,527.87 0.00 3,317.87 489.54 55.42 6.733.59 6,210.7.7 o.oo 170.03 2,513.87 2,513.87 12.908.25 12 890.42 Page 4 4. Connectsd charlty The Spoor Memoria5 Fund (Registered Charity number 207g47) was estsblished by a deed dated 19 April 1926 in memory of Mrs Elizabeth Spoor for the relief of poor wdows or elderly people who are regular attendants at Campsbourne. If, in the opinion of the trustees, who themselves are all associated wrfth the Church, there are no such persons in need of assistsnce, they may distribute the income of the fund to whomever they choose. The fund is a pemanent endowment invested in £14,654.95 4.250h Treasury Stock 0711212027. The stock is held by The London Baptist Propety Board Limited, as custodian trustee. The market value was tsken. as at 2710612023 S. Baptist Union Pgnsion deficit The Bapb'st Union announced that they have s￿ned an agreement with the insurance company Just Group (°Jusl°) to secure DB Plan members, pension benefits. This agreefflent is referred to as a 'buy-in policy,. It follows a similar agreement with Just in 2019 that covered most penslons in payment at that time. The combined agreements mean that Just are now providing financial backing for all DB pensions provided through the Scheme's DB Plan.The costs of such policies are largely drNen by financial markets and these have moved substanlially in the Scheme's favour, particularly over the course of the last few months. As a result, this transaction lakes the Scheme out of a shortfall position for the first time in decades. Although nsks remain, the Baptist Union and the Trustee have agreed that deficit recovery contrtbutions from each participating employer in the DB Plan will reduce to just £1 per month from August 2022. 6. The Church buildings in The Campsbourne comprise the buildings at 1-3 The Campsbourne, including Flats 1 and 3 on the top floor, and the adjoining Church Hall. They and the Manse are shown at their most re￿nt independent valuation for insuran purposes. The trustees have used Insuran￿ values as the trustees are unable to reliabFy estimate current values; insurance values may differ materially from current values. 7. Transactions with relatsd rties Staff costs for the year were: Wages and salaries (induding on costs) The Church employed one part time deaner in the year. The Church also employed a pastor from 1 January. 2022 The Trustee Miss Karlene Chambers was paid £8,609.40 [2022: £8,649] as fees for her role as treasurer and not as a trustee. 2022 - 2023 2021-2022 36,573 12.567 I r•port on lh• acc•)untsol CAIAPS8OURNE uFn5fcHUACHI(*the ywond•d 311Oan* 2023 whlch are sotouton paw 1 *J 4. B••kn of •xam&Mf• slatom•nt My oxaryin*on Indud&s a rpvlow ol lh8 accounllng rncoth kepi by the church and a corrwson ol the 8c¢ounts pwared wlth Ihose reejxds. The d(KUr￿lS •XWT¥n•J Indude invores, Payn￿1￿1￿cher8.d1fBCI transac*onsthrough bankwxounlandfinv laled nobs and Corre¥￿n{￿￿& The prncodurns undertakon do not WDwd• all i evldtsnce that w(￿Id be required In an audll and cmsequeniiyno OPInk￿ Is glven as whelhaflh•accounls Fwosenla ￿u•andIaarVlffiV'9nd the ￿pOrtI$l0m1*d b Ihose rnUBIS set oul In the S*tsrr*nl below. d•p￿d•n¢ •xarnlnef• •t•l•n*nt Thè trusl86s ha￿ prepared receipts and p8yrnents 8¢y)￿nts and 811 trle trangac#crn Indudod In he acc¢unlF have gono IhnyJgh and aro rocoftoled *J th• church bank accounts. In Conne￿ wlth my•xaffthnad￿. no fftglwlal h•v•iTh* kn my o110n1k￿ gl¥*s cause kn belleve thal In any rnaterlal respect • ac£wnfjng wera nol k8P¢ Ix the accounls did notarxr*d wth th• accounllng rDo)nts: c the ac¢wnts dld nol conwy wlth the oppllcable requlremenls concomlng th• fixm and conlent ol accounts set out in the Charitses lAce￿nts and Rep￿) Regu18tions olher than any requirBm8nt th8t the 3c¢ountg give 8 'true and f8irf vlew whlth IB nota maU•r cffj8ldwBd a8 ￿ (rf an thdopfjndent axamination. I no olher rrnl*rs In ￿nnec￿ wlth the examlnth to wh5th allBnlon should b8 thawn In this rep￿ In £Yderkn enaN• a undernlènthng d the acc￿nts Trachwj. N&rM." Tothale Joba Addre55". 39 South l>ove. London. 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