CAMPSBOURNE BAPTIST CHURCH Refe￿nCeS and administrative details RegiSte￿d Address.. 1-3 The Campsbourne LONDON N8 7PN Charity Registration Number.. 1184615 rustees Full Name Position ate appointed eb35tr.an Mani 12-Jun-22 Rev Malcolm Lewis Drummond 01-Jan-22 BLOSSOM SHAKESPEARE 05-Oct-12 MICHAEI OKORIE 12-Mar-11 Margaret Anderson Secretary 01-June-17 Lynn Steven5 Treasurer 01-Aug-25 Banker5 BARCL4YS Independent Examiner Mr Teshale Joba Annual Report for 2025-2026 The trustees present their Annu31 Report for 2025- 2026 Strurture, Governance and Management The Charity is governed by a constitution approved by its members. Members of the Church are accepted in accordance with the conskn"tution which requires them to be or t¢> 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 memberg Meeting normally takes place IMI 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 Mlnister, Church Setretary and Treasurer (who are also appointed by the Member51. are responsible for the day to day running of the church's work and witness, and the financial and legal aspects of the charity- ￿1 member5 are encouraged to take an appropriate part in the spiritual and prachcal tasks invofved in the furtherance of the charitable objective. Relevant matter5 may be submitted to the Church meeting by the Trustee5 for guid?nce or may be raised by members in Church meeting for further consideration by the Trustees. Though the ConstitutiorTr permit5 decision5 to be made at Church meeting5 by appropriate majoritie5, the Church seek5 to work by consensus wherever possible. Objective5 and ktrvitles THE ADVANCEMENT OFTHE CHRisfiAN FAtTH FOR THE PUBLIC BENEFIT IN ACCORDANCE WITH THE STATEMENT OF FAITH sEfouT IN APPENDIX I OF THIS CONSTITUTION THROUGH THE HOLDING OF PRAYER MEETING5, LECTURE5 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 varlety of activitre5 both to its membership and to the community generally. The aim is to show the love of le5U5 Christ in both word and deed and to bring people into a closer relationship with Him as living Lord. Central to the work and witnes5 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.cam sbourneba tistchurch.or .uk. The church seeks to be a friendly and welcoming community, and anybody is free to attend any of these se¥vices. 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 Trustee5 on request, or at the Sunday services of worship. The Church operates SYStem5 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 ond is satisfied that the activities outlined above clearly demonstrate thot the charity 15 providing a benefit to the public. Achievements and Perforniance The Church doe5 not measure the success of wts progrdmmes 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 2025126 was a positive year in the life of the Church, and that it will be able to pursue it5 mi55ion purposes in fof 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 Da￿ for local primary age school children. At Christmas. Easter. Pentecost and Harvest Thanksbriving we have shared meals and fellowship. We have witnessed publicly by leaving our Church buildings and celebratin8 outside the local supermarket and parks. Flnancial Review The Church continues to raise the funds whlch it need5 to carry on its acbvities from within it5 own membership and congregatr"on, and by ￿fits1 income from users of the buildings. No wider public appeal was made for funds during the year. Income in 2025126 decreased by 9% to £112,735 from £120,485 in the p￿viouS year. This 15 mainly due to the decrease in rentsl incotne The most significart expense related to the church'5 activities including the Sunday Services, to provide pastor31 care for the congregation and other people, and to equip and encourage the membership in their life, Chrisiian witness and Se￿ICe. The Church is heavily dependent on it5 membership working as volunteer5 in all asperts of the church'5 activities, Tnany of whsch 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 by 9% from £117,384 to £104,875 mainly due to the decrease in building costs. This 518nificantly contributed to the chLErch'5 net fund balance for the year which increased by about 3% compared to 202412025. The financial results for the year. together with a summary of the accounting policies adopted are set out in the accompanying financial statements. Reserves Polkcy The Trustees have establishèd a Reserves Policy to enable the church to fvnction effectively and meet its obli6ations in the event of a decline in our income or a major cost. Having conside￿￿ the relevant risks of changes in income and expenditure. the Trustees have determined that the appropriate level of reserves is in the range £30,OIJ) to £50.000. As at 31 March 2026. the churth held total ￿serveS of £231.173 of which £12,469 were restrirted. Reserves that were neither restricted nor designated amounted to £218,703. Signed by Position Date CAMPSBOURNE BAPTIST CHURCH RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2026 General Funds Restricted Funds 2025 - 2026 2024 - 2025 Notes Income receipts Donations, legacies and grants non-qift-aided Donations, legacies and grants - Gift aided Deposit account income Rental income Olher 19.024 19,025 17,682 400 10,924 82.163 622 11,547 82,163 10,033 92,370 Total receipts 112.111 622 112,735 120,485 Payments Payments in relation haritable activities undertaken directlv 103,498 1,377 104,875 117.384 Total payments 103,498 1,377 104,875 117,384 Net of re￿IptS I (payments) before transfers Transfers belween funds 8,613 -755 7,860 3,101 Net movement in funds 8,613 -755 7.860 3,101 Cash funds as at last year end 210,090 13,224 223,314 220,812 Cash funds at this year end 218,703 12,469 231,173 223,913 The note5 on page5 34form part0fth￿￿ at¢thmts. Approved by Dosignation Date ZO 2t) CAMPSBOURNE BAPTIST CHURCH STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31 MARCH 2026 Page 2 Notes General Restricted 2025 - 2026 2024- 2025 aL4F45Sa5 funds funds A. Cash funds Held at bank Petty cash 218,158 545 218 703 12.914 445 231.073 100 231 173 223,812 100 223 912 B. Spoor Memorial Fund Investments at market value: £14,654.95 4.250/0 Treasu 14,901 14,901 14,790 C. Other monetary assets Gift aid due to charity Grft Aid claim for2025 have been recgiv8d 8nd included in the aco)unls D. Current Liabilities AGGourTrts preparation and examination 450 450 450 Other creditors Pension deficit contributions 450 450 450 E. Long term liability (> 1 year) F. Assets retained for charity's own use Church buildings= The Cam sbourne Manse Fixtures, furniture and ment Copier and attachments Totsls General Funds 6,504,861 Restricted 2025 - 2026 2024- 2025 6,504,861 6,509,492 532,046 118.658 532.046 118,658 532,046 100,366 9.859 7,165.424 9,859 7,165,424 9,526 7,151,430 CAMPSBOURNE BAPTIST CHURCH NOTES TO THE ACCOUNTS Page 3 FOR THE YEAR ENDED 31 MARCH 2026 1. Premises Rented out a) The Manse is currently rented at £2.500.00 per month from Nov 2025, Garage £80 per month. b) Flat 1 at 1-3 The Campsbourne is rented out at £1,050.00 per month c) Flat 2 at 1-3 The Campsbourne is rented out at £1.750.00 per month, from Nov 2025 d) Studio 1 has been rented at monthly average of £936, while Studio 2 has been rented at monthly average of £546 el The Church Hall - there was one off rental for £300. 2. Payments In relatlon to charitable activities undertaken directly 3110312026 3110312025 Ministry { includes Minigterfs stipend. Nl contributions and ministry professional fees) Mission related costs 52,682 54,413 2.053 45,707 2,725 59.507 Church building costs Administration costs Total payments 4,433 104,875 739 117,384 3A. Bank and Cash balances Barclays Community Account Barclays Instant Access Saver Alc COIF Charities Deposit Alc Baptist Union 1 Year Deposit Account Baptist Union 1 Yr Deposit 2 Cashlcheques in hand 3110312026 8,224 32,211 48,706 17,613 124,318 100 231 173 3110312025 15.762 27,920 46,804 16,473 116,854 100 223 912 3B. Restricted Fund balances 3110312026 133 3110312025 133 The Campsbourne Disaster Fund Maintenance Fund relates to donations for building maintenance. The Spoor Memorial Fund Sundry {mostly for outreach) éxcluded negativo fund balances 4,248 4,248 8,402 2,514 7,779 2,514 Page 4 4. Connected charity The Spoor Memorial Fund £14.901 The Spoor Memorial Fund (Registered Charty 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 attendanta at Campsbourne. If. in the opinion of the trustees, who themselves are all associated with the Church, there are no such persons in need of assistance, they may distribute the income of the fijnd to whomever they choose. The fund is a pemianent endowment invested in £14.654.95 4.25 % Treasury Stock 0711212027. The stock is held by The London Baptist Property Board Limited. as custodian trustee. The market value was taken as at 21 April 2026 S. Baptist Union Pension deficlt The Baptist Union announced that they have signed an agreement with the insurance company Just Group I'Jusf) to secure DB Plan members, pension benefit5. This agreement is referred to as a 'buy-in policy,. 11 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 financial backing for all DB pensions provided through the Scheme's DB Plan.The costs of such policies are largely drtven by financial markets and these have moved substantially in the Scheme's favour. particularly over the course of the last few months. As a result. this transaction takes the Scheme out of a shortfall position for Ihe first time in decades. Although risks remain. the Baptisl Union and the Trustee have agreed that deficit recovery contributions from each participating employer in the DB Plan will reduce to just £1 per month from August 2022. 6. The Church buildings in The Campsboume 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 recent independent valuation for insurance purposes. The trustees have used insurance values as the trustees are unable to reliably estimate current values,. insurance values may differ materially from cuirent values. 7. Transactions with related parties Staff costs for the year were: Wages and salaries (including on costs) The Church employed a pastor from 1 January, 2022 2025 - 2026 2024 - 2025 45,565 38,745 I report on the accounts of CAMPSBOURNE BAPTISTCHURCH for the year ended 31 March 2026 which are set out on pages 1 to 4. Basis of examiner's ststement My examination includes a review of the accounting records kept by the church and a comparison of the accounts prepared with those records The documents examined include Invol￿S, payment vouchers, direct transactions through bank account and finance related notes and correSponden￿s. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view and the report is limited to those matters set out in the statement below. Independent examiner's ststement The trustees have prepared re￿Ipts and payments accounts and all the transactions included in the accounts have gone through and are reconciled to the church bank accounts. In connection with my examination, no material matters have come to my attention which gives me cause to believe that in any material respect= 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 concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have come across no other matters in connection with the exatnination to which attention should be drawn 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: 17 June. 2026