## **CAMPSBOURNE BAPTIST CHURCH** ## **References and administrative details** Registered Address: 1-3 The Campsbourne LONDON N8 7PN Charity Registration Number: 1184615 |**Trustees**||| |---|---|---| |Full Name|Position|Date appointed| |Sebastian Mani|Trustee|12-Jun-22| |Rev Malcolm Lewis Drummond|Trustee|01-Jan-22| |BLOSSOM SHAKESPEARE|Trustee|05-Oct-12| |MICHAEL OKORIE|Trustee|12-Mar-11| |Margaret Anderson|Secretary|01-Jun-17| |Lynn Stevens|Treasurer|01-Aug-24| |||| |||| |||| ## **Bankers** BARCLAYS ## **Independent Examiner** Mr Teshale Joba ## **Annual Report for 2025** The trustees present their Annual Report for 2025. ## **Structure, Governance and Management** The Charity is governed by a constitution approved by its members. Members of the Church are accepted in accordance with the constitution which requires them to be or to have been publicly baptised on the profession of faith in Jesus Christ or following other modes of baptism to renew their public profession of faith in Jesus Christ. The members Meeting normally takes place two times per year and has responsibility for the overall policy of the church. In accordance with the Constitution, the members appoint four Trustees, who together with the Minister, Church Secretary and Treasurer (who are also appointed by the Members), are responsible for the day to day running of the church’s work and witness, and the financial and legal aspects of the charity. All members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objective. Page 1 of 3 Relevant matters may be submitted to the Church meeting by the Trustees for guidance or may be raised by members in Church meeting for further consideration by the Trustees. Though the Constitution permits decisions to be made at Church meetings by appropriate majorities, the Church seeks to work by consensus wherever possible. ## **Objectives and Activities** THE ADVANCEMENT OF THE CHRISTIAN FAITH FOR THE PUBLIC BENEFIT IN ACCORDANCE WITH THE STATEMENT OF FAITH SET OUT IN APPENDIX 1 OF THIS CONSTITUTION THROUGH THE HOLDING OF PRAYER MEETINGS, LECTURES AND PUBLIC CELEBRATION OF RELIGIOUS FESTIVALS AND CHARITABLE SUPPORT FOR THE NEEDY. To achieve the principal objective, which is set out above, the Church provides a variety of activities both to its membership and to the community generally. The aim is to show the love of Jesus Christ in both word and deed and to bring people into a closer relationship with Him as living Lord. Central to the work and witness of the Church is the provision of regular public services of Christian worship. These services take place each Sunday. There are also occasional services at other times which are advertised on the church notice board and the website at www.campsbournebaptistchurch.org.uk. The church seeks to be a friendly and welcoming community, and anybody is free to attend any of these services. The Church runs a weekly prayer group at the Church and a weekly Bible study on ZOOM with the Pastor and congregation of West Green Baptist Church. Further details of these can be obtained from the Trustees on request, or at the Sunday services of worship. The Church operates systems to ensure that all people working with children and vulnerable adults are appropriately vetted by the Disclosure and Barring Service. The church has read the Charity Commission guidance on public benefit and is satisfied that the activities outlined above clearly demonstrate that the charity is providing a benefit to the public. ## **Achievements and Performance** The Church does not measure the success of its programmes only in numbers, including financial numbers, but also in less tangible areas like fellowship and encouragement. The Trustees recognise that these are difficult to measure but believe that 2024/25 was a positive year in the life of the Church, and that it will be able to pursue its mission purposes in for the next year with renewed enthusiasm. Our outreach includes a weekly Craft Club at the local Sheltered Housing Unit which includes a Christmas and Easter service. A weekly English class remains popular. We value the close links we have with Hornsey Churches of other denominations, together we have been able to provide several Play Days for local primary age school children. At Christmas, Easter, Pentecost and Harvest Thanksgiving we have shared meals and fellowship. We have witnessed publicly by leaving our Church buildings and celebrating outside the local supermarket and parks. ## **Financial Review** The Church continues to raise the funds which it needs to carry on its activities from within its own membership and congregation. No wider public appeal was made for funds during the year. Income in 2024/25 decreased by 5% to £120,485 from £127,777 in the previous year. This is mainly due to the decrease in rental income Page 2 of 3 The most significant expense related to the church’s activities including the Sunday Services, to provide pastoral care for the congregation and other people, and to equip and encourage the membership in their life, Christian witness and service. The Church is heavily dependent on its membership working as volunteers in all aspects of the church’s activities, many of which run with little or no impact on the church’s expenditure, but nevertheless contribute substantially to the achievement of the church’s objectives. Total expenditure decreased from £161,097 to £117,384 mainly due to the decrease in building costs. This significantly contributed to the church’s net fund balance for the year. The financial results for the year, together with a summary of the accounting policies adopted are set out in the accompanying **financial statements.** ## **Reserves Policy** The Trustees have established a Reserves Policy to enable the church to function effectively and meet its obligations in the event of a decline in our income or a major cost. Having considered the relevant risks of changes in income and expenditure, the Trustees have determined that the appropriate level of reserves is in the range £30,000 to £50,000. As at 31 March 2025, the church held total reserves of £223,913 of which £13,655 were restricted. Reserves that were neither restricted nor designated amounted to £209,856. ## 24-6-25. Page 3 of 3 CAMPSBOURNE BAPTIST CHURCH RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 General Restricted Funds Funds 2024 - 2025 2023 - 2024 Notes £ Income receipts Donations. legacies and grdnts non-gift4idod Donations. legaoes and grants Gift aided Deposit account in¢x>me Rental income Other 17.651 30 17,682 5,806 400 11.187 9.410 92.370 622 10.033 92.370 106.440 Total receipts 119,431 652 120.485 127,777 Payments Payments relation to charitable actlvities undertaken dlrectly 116.211 1.173 117,384 161.097 Total payments 116.211 1.173 117.384 161,097 Net of receipts I (payments) before trdnsfers Transfors between funds 3,220 -521 3,101 43,320 Net movement In funds 3.220 -521 3,101 -33.320 Cash fijnds as at last year end 206,636 14,176 220,812 254,132 Cash funds at thls year •nd 209,856 13,655 223,913 220,812 Approved by D•slgnatlon Mi 51 L Date CAMPSBOURNE BAPTIST CHURCH STATEMENT OF ASSEfs AND UABIUTIES. FOR THE YEAR ENDED 31 MARCH 2025 Not88 General Restrlcted 2024 - 2025 2023 - 2024 funds Cash funds Held at bank Pety cash 210.144 545 210,688 13.669 445 13224 223.812 100 223,912 220,712 100 220,812 B. Spoor Memorlal Fund Investrnents at market value". £14,654.95 4.25% Treasu 14.790 14,790 14.875 c. other monelary assets Gfft aid due to charity GrflA￿ tr2024 lo b& SubM￿ed 3.396 3,396 D. Current Liabilities Accounts preparation and examination 450 450 450 Other creditors Penslon deficit contributions 450 450 450 E. Long term Ilabllity (> 1 year) F. Assets retained for charlty's own use Church buildings: The Campsboume Manse Flxtures. fumlture and ui ment Copier and attathments Totals General Funds 6.509.492 Restricted 2023 - 2024 2022 - 2023 6.509.492 6,289,297 532.046 100.366 532.046 100.366 532.046 96.971 9.526 7,151,430 9.526 7,151,430 9.204 6,927,5t8 CAMPSBOURNE BApllsT CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 1. Prnmlses Rented oirt a) The Manse is ojrrently rented at £2,07D.00 per month frorn April 2023, Garage £80 per month. b) Flat 1 at 1-3 The Campsboume is rented out at £1.050.00 per month bLrt can vary according to market c) Flat 2 at 1-3 The Campsl)oume is rented OLrt at £1.624.00 per month d) Rudolf Steiner School closed Juw 2024. The last full payment of £6.844 %WdS made on 1- 7-24. The school ￿ntInUed to rent Indlvldual rooms whlle they dealt with their goods. The final payment was made on 17-2-25 of £583.50. e) The Happening Place: From September 2024 the rent was increased to £1.584 In line with the then current rate of inflatK)n @ 3.1 %. 2. Payments In relatlon to charltable actlvltles undertaken dlrecty 31AJ3f2025 31103r2024 Ministry ( includes Ministeffs sts'pend. Nl contrlbutions and ministry professional fees) Mission related costs 54.413 53.045 2,725 59.507 2,056 104.033 chU￿h building costs Administration costs Totals 739 117,384 1.963 161,097 3. Bank and Cash balances Barclays Communty Account Barda￿ Instant Acce&s Saver Alc COIF Chartties Deposit Alc Baptlst Unlon 1 Year Deposrt Account Baptist Union 1 Yr Deposlt 2 Cashlcheques in hand 31103r2025 15.762 27.920 46.804 16.473 116.854 100 12 31103r2024 25.755 23.815 44,029 15,837 111.275 100 22 3. Restrlcted Fund balanc 31103r2025 133 4.248 3110312024 133 The Campsbourne Disaster Fund Maintananco Fund relates to donatlons for buildirKJ rnaintenan￿. The Spoor Memorial Fund Sundry (mostly for outreach) excluded negatlve fund balances 4.248 7.779 2.514 14.674 7,256 2,514 14.151 Page 4 4. Connected charlty The Spoor Memorial Fund (Registered Charity number 207947) vras estsblished by a deed dated 19 April 1926 in memory of Mrs Elizabeth Spoor for the rel￿f of poor widow5 or elderly people who are regular attendants at Campsboume. If. in the opinion of the trustees, vtho themselves are all associated with the Church, there are no such persons in need of assistance, they may distribute the infX)me of the fund to whomever they choose. The fund is a permanent endowment invested in £14.654.95 4.25% Treasury Stock 0711212027. The stock is held by Th8 London Baptist Propety Board Limited, as custodian trustee. The market value vas taken as at 05 June 2025 5. Baptlst Unlon Penslon defflclt Th8 Baptist Union announi2d that they have s￿ned an agreemenl the Insurance company Just Group (°Jusf) to seojre DB Plan members, pension benefrts. This agreement Is referred to as a 'buy-in polic￿. It folk)ws a similar agreement Just in 2019 that covered most pensions in pasThent at that time. The combined agreements me8n that Just are now providing financial bac*ing for all DB pensions provided through the Scheme's DB Plan.The ￿StS of such policies are largely driven by financial markets and these have moved substantialty In the Scheme's favour. particulaty over the course of the last few months. As a result. this transaction tskes the Scheme out of a shortfall position for the first time in two decades. Although risks remain. the Baptist Union and the Trustee have agreed th81 deficit recovery (xinlribLrtions from each participating emploser In the DB Plan will reduce to just £1 per month from August 2022. 6. The Church buildings in The Campsboume ￿MpriSe the buiklings at 1-3 The Campsboume. including Flats 1 and 3 on the top fI(￿r, and the adjoining Church Hall. They and Ihe Manse are shown at their most recent independent valuatK)n for insurance purposes. The trustees have used Insurance values as the trustees are unable to reliab estimate current values. Insuran￿ values may differ materfally from current values. 7. Tr8nsactlons wlth related artles Staff costs for the year V￿re.. Wages and salaries (Induding on o)sts} The Church empk)yed one part time deaner in the year.Cleaning duts'es decreased when Rudolf Steiner School chjsed JU￿ 2024 The Church also employed a pastor from 1 January, 2022 2024 - 2025 2023 - 2024 38.745 38.976 The Trustee Mlss Karlene Chambers was paKI £2.641.50 [2024: £8.509.50] as fees for her role as treasurer and not as a trustee. Left the role after July 2024 I report on the accounts of CAMPSBOUftNE BAPnST CHURCH for the year ended 31 March 2025 which are set out on pages 1 to 4. Basls of examiners ststement My examination includes a review of the acwunting records kept by the church and a comparison of the accounts prepared with those records. The documents examined indude invoices, payment vouchers, direct transactions through bank aco)unl and finan related noles and cOrresponden￿s. The procedures undertaken do not provFde all the eviden￿ that would be required in an audit and consequently no opinion 15 given as to whether the accounts present a ITue and fair view, and the report is limited to those matters set out in the statement below. Independent examlnerfs statement The trustees have prepared receipts and payments accounts and all the transactions included in the accounts have gone through and are reconciled to the thurch bank accounts. In connection with my examination, no material matters have come to my attention ￿lch gives me cause to believe Ihat in any material respectr. the accounting records were not kept. or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements conceming the form and content of accounts set out in the Chartties (Accounts and Reports) RegulatiorFS Other than any requirement that the accounts give a Irue and fair, view which is not a matter considered as part of an independent examination. I have come across no other matters in connection the examination to which attention should be dravm in this report in order to enable a proper understanding of the accounts to be reached. Name.. Teshale Joba Address.. 39 South Grove, London. N15 5QG Date.. 1 July. 2025