CAMPSBOURNE BAPTIST CHURCH RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 General Restricted Funds Funds 2023 - 2024 2022- 2023 Notes £ Income ree•ipts Donations, legacies and grants non-qift-aided Donations. legacies an(J grants Gift aided Deposit account income Rental in￿rne Other 5,075 730 16,731 11,187 11,187 11,221 3,721 106,440 622 1,612 102,877 106,440 Total r￿eIpts 126,425 1,352 127,777 132,441 Payments P8yments in relation to charitable adivities undertak8n directlv 160,893 204 161,097 101,359 Total payments Net of receipts I (payments) before transfers Transfers bahveen funds 160,893 204 161,097 101,359 1,148 -33,320 31,082 Net movement In funds .34,468 1,148 -33,320 31,082 Cash funds as at last year end 241,104 13,028 254,132 223,050 Cash funds at thls yaar end 206.836 14.176 220,812 264,132 Approved by Deslgnatlon Date 02 CAMPSBOURNE BAPTIST CHURCH STATEMENT OF ASSETS AND UABILITIES FOR THE YEAR ENDED 31 MARCH 2024 Page 2 Notes Genernl Restrfcted 2023 - 2024 2022 - 2023 funds funds Cash funds Held at bank Pstty cash 206,523 545 207 067 14,190 445 220,712 100 220 812 254,032 100 254 132 poor emorta un Invèstmènts at market valua. £14 654,95 4,250/0 Treasu 14 875 C. Other monetary assets Gift aid due to charity 3.396 3,396 3,451 3,396 3.396 3,451 urren es Accounts preparation and examination 450 450 450 other creditors Pension deficit contributions 7,512 1 258 450 450 E. Long term Ilabilfty (> 1 year) F. Assets rètained for charity's own use Church buildings. The Cam sboume Manse Fixtures, fumiture and ment Copier and attachments Totals General Funds 6,289,297 Restrlcted 2023 - 2024 2022 - 2023 6,289,297 5,801,936 532,046 96,971 532,046 96,971 450,885 89,457 9,204 6,927,518 9,204 6,927.518 8,491 6.350,769 CAMPSBOURNE BAPTIST CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Page 3 1. Premlses Rented out a) Th8 Manse is currently rentèd at £2,070.00 per month from Apnl 2023, Garage £80 per month. b) Flat 1 at 1-3 The Campsboume is rented out at £1,050.00 per month but r2n vary according to market c) Flat 2 at 1-3 The Campsboume is rented out at £1,624.00 per month d) North London Rudolph Steiner School £802 per waek during temi ts'me only. Office £389 per month and Through Rm Cupboard at £21 per month. el The Happening pla￿ £1,536.00 per month when in full use, ty￿ offices and the Coffee Lounge for 2hrs per week. These amounts are redU￿d for each week dosed 2. Payments In rnlatlon to charltable actlvltlos undertaken dlrectly 31L13ft024 3110312023 Ministry ( indudes Minister s stipend, Nl contnbutions and ministry professional fees) Mission related costs 53,045 53,158 2,056 104,033 2,884 42,202 Church building costs Administration costs Totals 1963 161,097.00 3 115 101,359.00 3. Bank and Cash balances 8ardays Community Account Barclays Instant AcLess Saver Alc COIF Charities Deposit AJC Baptist Union 1 Year Deposit Account Baptist Union 1 Yr Deposit 2 Cashlcheques in hand 3110312024 3110312023 25.754.97 61,545.58 23,815.49 74,270.66 44,028.71 42,527.38 15,837.43 15,641.90 111,274.55 60,046.23 100 00 100.00 3. Restrlcted Fund balances 3110312024 132.92 3110312023 132.92 Th8 Campsboume Disaster Fund Maintenance Fund relates to donations for building maintenance. The Spoor Memorial Fund Flower fund Sundry ( Gospel Concert, mostly for outreach) excluded negative fund balances 4,247.87 3,527.87 7,256.41 6,733.59 0.00 0.00 2,513 87 2,513.87 14 151.07 12 908.25 Page 4 4. Connécted charity The Spoor Memorial Fund {Registered Charity number 207947) was established by a deed dated 19 April 1926 in memory of Mrs Elizabeth Spoor for the relief of poor widows or elderly people who are regular attendants at Campsboume. If, in the opinion of the trustees, who themselves are all assooated with the Church, there are no such persons in need of assistance, they may distnbute the Income of the fund to vthomever they choose. The fund is a permanent endowment invested in £14.654.95 4.25% Treasury Stock 0711212027. The stock is held by The London Baptist Property Board Limit8d, as C￿StodIan trustee. The market value was taken as at 2910412024 S. Baptlst Union Pension deficit Thè Baptist Union announced that they have s'gned an agreement with the insurance company Just Group I'JUSYI to securé DB Plan members, pension benefits. This agr88m8nt is reférred to as a 'buy-In policy,. It follows a similar agreement with Just in 2019 that covered most pensions in payment at that time The combined agreements mean that Just are now providing finanaal backing for all DB pensions provided through the Scheme's DB Plan.The costs of such policies are largely driven by finanaal markets and these have moved substantially in the Scheme's favour, particxjlariy over the course of the last few months. As a result, this transath'on t8kes the Scheme out of a shortfall position for the first time in two decades. Although risks remain, the Baptist Union and the Trustee have agre8d that defiat recovery contributions from each participating employer in the D8 Plan will reduce to just £1 per month from August 2022. 6. The Church buildings In The Campst)oume ￿rnp￿Se the buildings at 1-3 The Campsboume, induding Flats 1 and 3 on the top floor, and the adjoining Church Hall. They and the Manse are shown at their most Trcent Independent valuation for Insurance purposes. The truslees have used insurance values as the trustees are unable to reliably estimate current values. Insuran￿ values may dtffer maten811y from current values. 7. Transactlons wtth related rtles Staff costs for the year were.. Wages and salaries (including on cosls) The Church employed one part time deaner in the year. The Church also employed a pastor from 1 January, 2022 2023 - 2024 2022- 2023 38,976 36,573 The Trustee Miss Karlene Chambers was paid £8,509.50 [2023. £8,609] as fees for her role as treasurer and not as a trustee. I report on the accounts of CAMPSBOURNE BAPTisfcHURCH forthe year ended 31 Marth 2024 which are set out on pages 1 to 4. Basls of examlnefs statement My examination includes a reviwN of the accounting records kept by the church and comparison of the accounts prepared wrth those rect)rds. The documents examined indude invoices, payment vouchers, direct transacbons through bank account and finance related note8 and correspondences. The pr0¢8dures undertaken do not provide all the evidence that would be required in an audrt and consequently no opinion is given as to whetherthe ac£ounts present a'true and fairvthv arKI the report is limited to those matters set out in the ststernent below. Independent examlnef8 ststement The trustees have wep8red recwpts and payments accounts and all the transactions induded in the accounts have gone thr￿gh and are reconciled to the church bank accounts. In connectson my ex8minth"on. no material matters cnme to my attention which gives me cau8e to believe that in any m8ten.al re￿￿. the accounting recnrds ware not kept: or the accx)unts did not a￿ord with the accounb'ng rec£(ds, or the accounts did not comply with the applicable requirements concerning the form and c£Jnlenl of accounts set out in the Chanb'es (Accounts and Reports) Regulatson8 other than any requirement that Ihe accounts gi￿ a 'true and fai view whid) is not a matter CL)nsidered a8 Part of an Independent examinabon. I have come across no other matters in o)nnec*on with the 8xaminats.on to which attention should be dravffl in this report in order to enable a pmper understanding of the acGounts to be reached. Name.. Te8hale Joba Address.. 39 Soulh GroNE. London. N15 5QG Date.. 08 June, 2024 CAMPSBOURNE BAPTIST CHURCH The Campsboume, High Street: Homsey, London. N8 7PN Ichrisiian Iyiivess hen. Siiice 1873) Sunday Serv￿es I l.lJ)am Tuesday Lunchtime Service Ipm December 31. 2024 Campsboume Baptist Church is a religious organisation serving the spiritual needs of its members. It is managed by a Minister and a Diacon2te comprising members of the church. The Trustees comprise members of the Diaconate. Trustees can be recruited from the Church membership when necessary. We continue to hold our services with an open door policy and continueto hopethatpeople in and around our Community will be drawn to and share our beliefs. Our Financial position is very strong at this time and will continue to sustsin our activities for the unforeseeable future. TRUSTEES . Michael Okorie Blossom Shakespeare Malcolm Drummond Sebastian Mani MiFiThler.' Rev Dr Malcolni DrnMnK￿id Cliiip't'll seL,￿lan.. Miss marga￿ i AThJerK Treasiirei" Mrs. Lynn Stth'ens 020 8340 852012041