Brockley Baptist Church (registered as Trust Property Administered in connexion with Brockley Baptist Chapel) Report and Accounts Year ended 31 December 2022 Stewdrdship Actrve genero51ty 1 Lamb's P8858ge, London EC1Y 8AB vww.stewardship.org.uk
BROCKLEY BAPTIST ClllJRCH TRUST TRUSTF,F.S REPORT FOR TEIE YLIAR EI NDEI D 31 DLCEMI BER 2022 TRUST INfiORMATION STATUS Current Legal Name: Trust Property Administered in Connexion Ivith Brocklcy B2ptist Chapel Charity Number 256810 TRUSTEES Minister (from l August 2022) Michael Mcnsah Interim Minister {until l August 2022 then Deacon) Malcolm Martin Elder Mrs Muriel Atlcinsun Deaco Scmasa Ayihonghe Deacon (until Junc 2(123) Jxnet Barrett Deacon C()mfort Nebllragho Deacon Marcia Walker-sinitb CHURCH OFFICES Seeretary TreA8urer Marcia Walker-smith Malcnlm Martlln (Temporary Treasurer} REGISTEREI) OFFtCE 60 Ilppcr Brockley Road, London SE4 1ST INDEPENDENT ExAMER Sl'ephen Matheiys FCA Stewardship l Lamb's Pktssage Londoll ECI 8AB BANKEI RS National Westmin$ter Bank plc 80 Lewisham High Street Londoll sri,13 5,TJ Page 1
TRUSTEE REPORT FIOR THE YEAR ENDING DECEMBER 2022 OBJECTIVES The primary aims of the Trust 8re to fulfil thc role of a Christian Church in the Brocklcy Area and to provide help to othcrs in promoting thc Chrigtian Union falth in Brockley, Lcwisham Borough and far atield wh¢r¢ permitted. THI CHURCH: ITS AIMS AND OBJECTIVES The Church is not a building, but a gathering ot ordinaiy people of different ag and backgrounds, whosc livcs have bc¢n changed by Je.%us Christ, the Son of God. The New Testament reveals the Church as a community of people, propcrly taught and carcd for, whoim by loving and strving Jesus Christ, We also committcd to luve and care for each other and to bl'ing a blessing to the area in whÈch we rcside. Brockley Baptist Church its tnistees, eldcrs and meinbers are committed to the restoration of those of the Baptist Union principles. It is not alone in this, it is one of many Churches in the Brocklcy area, country and over the world that is re-discovering th¢ excitement of knowing Jesus Ckn'i5t. The vision is to gee the people of Brockley come to know the Lord as their Saviour and friend, Bi'ockley Baptist Church is a Inembcr of the Baptist Union and has a long stsnding re12tionship with the Union, kL Christian organisation that pursues similar objcctives in the UK and Dverseas. The church woi'ks with Union in assisting othei. churches and rtGeives voluntary help itielf wherc needed. Financial supporting the Baptist Missionai'y Society, Baptist Hom¢ Mission aiid Opcrational Agri on a reglllAr basis togcthcr with other missionary organisations. W¢ are a 8mall church with a mernbei'ship consisting of a range of age groups. In common with othci. Baptist Chui'ches we hold worship ¢very sunday with C01ninunion evcry first Sunday. During times when th¢ Church Building wtts Llosed duc to tlie pandemic wc continued to worship and have weekly Bible studies and Prayei. Meetings using the Z(Join platf(Trrm. We Continued with thc WEekly Zoom Bible Studies and Prayer Meetings after the Church Building rcopened in 2021 and have continucd to operate both 'in person, and 'on- line, since then. THE YEAR: ITS OBJEC'fivFS AND ACHILVLMENTS During the year cnding December 2022 we weie vciy pleased to havc successfully appointed a new permanent ptit-time ministcr from l August 2022 and continue to recover fi'om tlic effects of pandemic althouEh attendance figures are CLirr¢ntly down on prc-pandemic levcls. Our key aim5 and achieveinenls al'e.. Fulfilling thc objects in teaching, preaching and showing practical oare in the community, This was both in thc normal teaching in the church on Sundays, which arc open to all, and midweek Ineeting for church illeiDbpAs,' Page 2
Supporting churches through th¢ Baptist Union working clsewhere both in the United Kingdom and overseas. Wc have four special additional s¢rvices eaLh year. Thcy are Maundy Thursday, Good Friday (a joint service of the Brookley Community of Churches), Christmas Day Lind New Year's Evc (Watch Night). Oihcr particular scrvices such as Remembrance Sunday, Sunday School & Young Fcople Pri£egiving al'e hcld within our normal Sunday Morning ServiLes. The Trustees havc complied with the duty under th¢ Charities Acts in their planning 2nd monitoring to cnsure duc regard to the public b£ncfit guidancc published by the Charity Commi&siJn. PLANS FOR THF, FUTURE Looking forward ihc key issues are to build the Church attcndance and membership by attracting new people to follow Jesus Christ, to be of practical strvice to the local and widcr cornn]unity and to ensure thc church building is fully fit for PuOSe. To these eiids the ChurLh is first engaging in intcrnal training coupled with cxternal outreach in partnership with othcr organisations such as Young Life and The Turning. With tegard to the building, storm damage has been i'epaired by our insurers but their surveyor has also identified additional maintenance issucs that aPPEar not to be covered by thELt insurance. Consequently in October 2023 initial indications were obtained on these matt¢rs, being in the region of between £20,000 and £50,000 plus VAT. Jn addition to that, Ihe'frustees are ¢ULTently in the process of engaging a suitable arohitect or othei. similar pi'ofessional with a view to carrying out a quinquennial review of the existing structur¢ together with considering the I'efuTbi8hment of thc building so that it is b¢tter able to a5SlSt th¢ Church in lfIllIng the first two objective5 5cI out in the first pai?gi'aph of this sectLOn. FINANCL4L REVIEW AND RESEI RVTr".S The financi81 reseives of the Church hav¢ been strengthened during the year as members havc continued lo give plus the money Coming in from the rental of the Manse due to tli¢ Interim Minister not living as at the Manse as he had his own aicommodation. Outgo1]gS havc I'emaincd steady with no great demand on the Church pursc. The Trustces had previously agreed to look at splitting the Mansc into two fIats with a nttw minister and family occupying the larger flat and the othcr flat being rcnted out to secure a steady income for the church. During 2019 difficultieq arosc wÉth the mandate for bank payments with the conscquence that for a pei'iod, which continued in 2020 and to a very small extent in 2021, the church was not able to accomplish payinents for expenditure. As a result, payiiients were madc by the then Minister on bchalf of the church. These amounts werc still owed to the then Minister as at 31 DLcember 2022 and as a consequence have not been inclLided in the 'Receipts and paymcnts account, Details of th¢ cxpenditure paid by the th¢n Ministei. on behalf of thc chui-ch are detailcd in Note 4 to Ihc accounts and the total Linount owed to him is shown in the 'Statcment of asscts and liabilitifjs, in Note C. At his i'tqucst the amounts owed were double checked by two Trustees (other tlian either Millister) acting independently of each other and P898 3
against rcceipts of that expenditure, with that confirmation being provided to The Independcnt Exainin¢i'. These amounts wcrc then repaid in full in March 2023. Whi15t there had histoi'ically been no set levels of reserves, the Trustees sought to keep one year's expenditure in reservc when necded. Within that, expcnditure is made as and when. This has kept undcr review, having regard foi. the maintenancc and repairs that may be needed to the main Church Building. In October 2023 the Trustces determined to kc¢p £60,000 as a separatc rcserve to be held in an account with the London Baptist propcrty Board. As explained abov¢, there was repayment of the minister of the amounts owed to him of £21,906 as detailed in Note 4 to the kLccounts. Excluding this indebtedness ind othei. noiinal opei'ating cxpenses of around £4,000, the icsei'ves hcld at the cnd of 2022 amounted to appi'oximatcly £75,000 which is in line with the reserv¢s policy. GRANT POLICY Gifts to external organisations arc considered by the TrLLStees on the basi5 of need such as the Flood Appcal for Jamaica through the Baptist lJnion. Amounts are discussed among the Trust¢e how much to give with appropriate I'c¢ommerEdations givcn to thc Church Membership in Church Mc¢ting. RISK INL4NAGEMENT All major insurable risks are subjcct to normal policies building pi'emises. Contractual risks are rcviewed on a one to one basis bcfore being entered into. Annu21 revicw ofareas of risk is undertaken by the Trustccs in conjunction with what is taken place, activities, and external Iripf taking the Sunday school out in thc Minibus. STA'fEMENT ofi TRUSTEFS RESPONSIBtLITIF.S The'l'i'u5tees arc IEsponsibl¢ for kecping Ldequate accounting recoi'ds which disclosc with reasonable acciiracy at any tiine the financial position of the Charity ta enablc them to ¢nsure diat the accounts comply with the Charitics Acts. They are also responsible for safeguarding the as.sets of the Charity and hence foL taking reasonable steps for the pi'evention and deteotion of fraud and other irregularities. The trllstccs confirm that thc accounts comply with current statutury requircments and thDsc of the ChaTlty's trust deed. Approved by the Tlustces and signed on their behalf by.. ensah (Minister) Datc.. Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BROCKLEY BAPTIST CHURCH l fftport lo the trustees on my examination of the aecounls ol Brockley Baptist Church I'lhe charily'l for tho year ended 31 Deeefflber 2022 on pages 6 to g following. Responsibillties and basis of report As the tiuslees of the charity you are responsible for the preparation of the accounts in accordance with the requiiemenls of the Charities Act 2011 I'lhe 2011 Acl'l. l Feport in respect of my examination of the charity's accoullls carried out under sedion 145 of the 20fj1 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examinerfs statement I have completed my examination. I confirrn that no material matters have come lo my allenlion in connection wlh the e¥aminalion giving me cause to believe that in any material respèct. accounting records were not kept in accordance with section 130 of the 2011 Aol,. or 2. the accounts do not accord with the accounting record5. I have no concern5 and have colre across no mallers, other than that mentioned above, in connection with the examination lo which attention should be drawn in order lo enable a proper understanding of the accounts lo be reached. alhews Stewardship 1 Lamb'5 Passage LONDON FC1Y8AB Date". 18 February 2024 Page 5
BRO¢KLEY BAPTIST CHURCH RECEIPTS AND PAYMENTS ACCOUThir FOR THEYEAR ENDED 31 DECEMBER 2U22 Unrest G8n8ral Fun45 Funds Designated Funds REslriEted Fun45 2022 ncome recelpts Chvrth Supporteroffert5 Gift sid elP1S r)thergrfis recei4d Income from courses and evenis IncomÉ from letlinoolfaolihg5 and Manse InvesfftenllnccwnB 31,?94 31,394 17,746 1,5 1.052 47,890 30 47.390 50 39,795 30 Totslreceipts 1.402 81.402 58.889 Payments Paymenis In relIOn to ¢h5tirab a&r¢llies Undert3ken direLy 44,204 56.880 58,880 Grants pald In relallon lo chL9b actrivltle3 undert3k8n ty Dthers 1,330 788 1,330 rolalpaymonts 58,21 58.210 44.9B7 NFt mDvgmènl In fuD¢¥ 23,191 Cash fvnd5 as al lastEnd 77.581 77,551 63,649 Cash funds atthls year 9Dd IW.742 100,742 The notes on pageE e- 9 fotm partollhese axounts. P8ge 6
BROCKLEY BAPTISY CHUPCH STATEAIENT OFAS5ETS ANJ LIABILITIES FOR THE YEAR ENDED 31 DECEMBER 2022 Unr&sthcled Funds General Oeslgnat8d furfs lunda Restricted fund3 2Q22 021 Not8s A Cash funds Cash al èènk 4th Immte4ccesS 100.742 100 742 100.742 100,742 77,551 77,551 othÈr monotary asEets Glfiaid duelochariiy 11,70 rThaimedforthglaYy8sr5 9ndSApn720I9, 202Q 2021 and2022 11,700 Amnts lo thE Min151er Tradecredltor Accounts 3nd Exsminauon Ilor4 yr5'. 2U21 3ysl Note 4 21.9U6 1.515 4,160 21,906 21.90e 4,160 27.581 27,697 Falllng duo aftFronè y8ar.' BU Pensknn 0[gatIOnS Total 27,58f 29,884 As8et5 rétalned forcharfly'5 own use Fund lo %¥lch Bssel bdon Insuran Value 2022 Church. land, bulldiFUS and flx111fes lal InsurdnGB v4uBI Mae latappro)?mate op8n market Valug) End0vEnt Endmmenl 5.8UO,O 5500UO 0.000 mUC and PA equlprnenl CoMw aTrJ IT Fumltute MIniS IpuYchased201BI tsBn8ral la 1,0 GenerEI ts&neral nla 4.400 7.WO Cwrenl vup5 have esllmatBd by Ihe trOsl88s. E InvpslmEnt assBts Fund lo wNch 8$SEI Currert value Cost Inves1rn8nl'. COIF Bhares-apprtsxSrnale estImat walug Gehetal 800 800 The accDunts wpre approved e Iru51ee Siqned thelr beh1 by" Th9 noieson pages S- g oTrn part olttie8e acu18. Paoe 7
BRLEYBAPnSTCNURc NOTESTOTHEAccoufoTS FOR ThEYE&R ENDED 31 DECEMBER2U22 accoMts Oeen wepfired fEcÉWts and pEsryngnts b amd coryn a BIal•rla1hl thè tharffis rerpTI5 payme5. 4 &ttmen1 th summ&rjseE charfV5 4sset5 IlabllleS end rp.IBled ThE allnIar WOfess havp datsIned that only actMIs WwPBd in dccDrdw apOlc&ble BC(ttunty ¥lDdrds pteSonl8,l gnrffalf a¥ rece1pls payrnaTr15 (Bth cannDII bp prp.PaTBd Iii siand8fd5, th accuwbd0rnlp#ÈnI land aTpwI a'liw è1110f1hthattl$ffaAI pc1111 afid slats Daffr$. Gttnttra[fv¥ ar£ sedfUds1chartr aWdllthfDruse d&ct4Uon eneb1édes Dflhechurty. DeglgthBd $ unreslrfaed fvMs Wl have be 5?l by the tru¥lEv5 fllr knd5 arè dDMIIuns 4r& to arCrydBlyI1h$WfflC[strlÈIls Impwed hyd0n'. IheyThKludodonatitinÈ rec4lvedkn ÈppéalslorSPEEMGWle&Or1E. 68r1 Rethrl rta 2D22 2D21 2 PayM¢nts In ToIBtlon to¢hirlt4ble und•rtakETrdlrèetlv n1yieisompltynent8l5 17,238 5,628 5.828 40$ 1,0 1.Y58 2J76 4.528 13.463 Z,S76 mEIe0f(rbIdS L1, 6.456 7,$ 7,10B 7,229 0mceandtelophonètsls Othercos15 44.204 Granislor. LOD FEp1151sforJaMa4n Fapws PlloThsand loo9aMS 1,0 330 551 1.33D 783 4 frnns&Gtlons rnadg ort bhaOft8 Bhurth ind OWBd by Ihèchurch Duthg cauFSB 2019 yr a1038 th ffjandoie Yh quINe ltrffjl fDr & p8rkn1 was noi4L4E iyh paymtn1sforepDd1ture.As c0n¥egUBpaYmen1SWre madgbythE MIrf5IBr ottbthalfoflke thchIN2D1>an0?o?D These 5hll WBd ID tha ikn1slErgl 31 2022 lolalad k21.9064 pa1 In eety2. Éc0equefiCthD$ transEO5 h4d nDlbpen thB EXX)lS p&yrnErtsfwpThYyeaisbLIMryll be&hownb51Bykn 2023. Olher PAlnlsi8rs s&lay pansbn l¥ep NolB 21 wetp nD paymeNz T518&S for SeIe5 nD thkrolE¥ 35TStO%.lrtry IhpyÈai M Matdn %Frvpd55 MIrlIJY2022•rdyUby8uIl0vIaiP IhgAllnlsletW49 MMèfhS*. P?ge 8
The Bapt15t Penslon S¢hEmo roundlo disclosur8 The ¢hur¢h is an employar partrcipating In 8 pensi schèrnB 8$ tr9 Baptist Pension SchBrng I'lhe Schem&"I, is administered by the PEnsion Trustee (Baplisl PBnsion Tru81 Lirnilg. Th& Scheme iy a separgle legal enlily Ihg assels of the Scheme are h8id separatsly from thos@ of the Employer And th8 other p3rtipAng employ8. The Sch&me cornprisgs 8 DefinEd The pension cost In the Rgceipts and Paymènts Sta19menl cotnprises ConlribLrtions to th9 08fined Contribution Pl arwj d8ffciency conlriLvtiM5 to the Defin Benefil Plan Isee below). Tr& Contrib lion Pl From January 2012, penslon provis is being mad& through IhE D&ffned con1nttion IDCI Pl4n thIn th8 Schemé. In g9nerBI. mernbors Pay B% of Iheli Pansionable Income 8nd ernployer5 psy 676 of mernb8rs' PènsiDnabl8 Incom8 into Indivldual p9n5ion 8ttOunls, whlch ar@ operated and managed on behalf af Ihg Penalon Trustee by Le931 and Gen&ral Life Assurance SoclÈty Lltniled. In addibon. ihe Bmployer PBYS a further 4% of Pen$1DnaO Inumè lor 3% il the employer is In th8 segreoated DC se¢tlonl to cover 08ath in Serqits Egn8fi19, adrniTrislr8llon costs. Bnd an a&so¢i8led insvrancè pDIicy 4thich Prov8& incom8 prole¢tson for Scheme memb9rs In the Evonl th81 they are lo work due lo long-ierm incap8Uly This income prot9clion policy has been Insur9d by IhÈ Baptist Unlon ot Gre81 Bril¥in Aviva. M8mbErs ol Ihe BB$lc Séction pay rEduced conlTpbP0S of S% of Pensionable Income, TheD InodB8nshtPlan Benefits in spe d swice pD lo l January 2012 &r8 provided Ihrovgh the DEfined 88nelit IDBI Pl8n Vrflhin lh& Scheme The m8ift b8ngfts Pr2012 servi¢9 wre a dEfingd benefit pension Df gighlieth of Finel MlnimuTTr Pgnsiunabl8 Income for éach y9ar ol P805nable $6ryicg, Iw8lhgr Yrilh addilion&l pension in >pect of pr&Miurns paid on Pensionable in extsss of Minlmum Pgnsion8bl8 IOrne. rh8 SchemE, prgviously knovffl as Baptssl MinlstElS' Pp.n£itsn FuDd, 518rted in 1925, bui w4s closed to tuiure 8Ctrual of defined b9nefils On 31 Oecember2Q11. AChJan8Ival3I1OTr ats 81 31 DgcwbEr2019 A form81 valustion of ihe D8fin9d Benefit IDBI Plan performed al 31 Dmbr 2019 by a professlonalty quallfied Actuary U91ng Projected Unil Method The mBrkel value of IhE DB P18n a53ets al the Valuation dalè wa3 £298 rn110. Thp valuat of the DB Plan r8v881ed a d9ficii tsf assets compsred lIh thE value of Iiabiliti£$ of £18 million leoulvalBnl to a past swii¢e fundlTrg Isvgl of 94%). The hE actuarial Valuation of the 08 Plan 13 due as al 31 D8c8mber 2022. ReGovsrypl8n A recovgry plan d31ed 30 SeptBmber 2020 ha5 been agr89d lo M[8 the abDVg deficit In &s$8t8. Ther&forg, in addlbon to the conlribulions lo th8 DC PIBn sel Dul above, tha Trustee and Ihg Coundl a9r99 Lo 8 rate of d&ficlency conlribullDns from churchBS 5nd olhèreffjploy6ts Involved in rh8 DB Plan. It hss b9en agr8sd slandard ratE af deficiency conlribuuons from ¢huithes and other employeFs involvsd in the DB Plan wfll rErnSiD pl prÈifjDu$ty 8gr8ed 18vols, iTrcrEasing each year in line th increase5 In th8 Minimum P&n88blE Incom9. The deficlgncy ntribulrons are broa¢Jly bas8d on 12% of PensiDnable Income l Millimvn) Pellsionable reffecting gach employBffs Contributions In March 20Y5 Some 8fflploy8rs Ih8t were involved in the DB Plan for 8 sIIDrt p8rjDd pay low8r contrlbullons The Trnst8o &nd the council agr8&d 9 50% reduction in Éll de19cY Contribubons payabl8 belween 1 July 2020 and 31 DeceMber2020. ThB Rgcovery Plan &nVi8ages d&f1enGy conlribuliort8 continuing Until June 2026. In addition. the Baptist Unlon Df Gre21 BdlEin nINbUld a lump sum Df £0.5m in 2020. PÈ m8nts m$d8 i th8 sèr 2022 2021 Employerfs conlribu)ons lo Defined Conlnbuknon Plan Employe['s defidencynENbIiolls lo Defined B8nefil Plan 1,826 2,187 1.000 3,895 80S fordpt8rniining Ihe DBplsnpensiOn lbilItY The pension liability disclosed In Ihg St8ment of A898ts and Li8billUes In resped uf the DB Plan is based Dn an &slimaie of the arnount Ih81 lh8 charity would ba rgqulred to pay should the charity decidg lo 5EttIE ihe debl imm8dialely,' the Bapligt Pension Schem8 Ilhe 'BPSI h£ve provid9d Ih16 estimale. The BPS Is collecting deficil conlfjbulion5 fflonlhly however Ih95e dElicil cunlribulions havg Trol been calcula1 by refer&nce lo the charivs shÉre of the penyion defjcil and, bas8d on IhE currgnl schedulE In Stalernent ofAssgls and Llabilili&s. The eharily does not lor&see 8ny UMstanceS that could result in immEdistB payrneni Df thè whDla debt how8v&r the trustB6S bplieve that the BPS may ask the church lo increase ils conlrlbutions towards the d9ficil and thBrefor9. to bB prudent, Ih&y havo thosen lo dlgdose a liabilltylorlh8 employer debt In the Stal&menl ofAssg15 and Llabililig5. Page 9