2022-03-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

HOOLE BAPTIST CHURCH

CHARITY REGISTRATION No: 1131495

Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF

HOOLE BAPTIST CHURCH

CONTENTS

Page 3	Legal and Administrative Information
Page 4	Independent Examiner's Report to the Trustees
Pages 5 to 6	Trustees' Report
Page 7	Statement of Financial Activities
Page 8	Balance Sheet
Pages 9 to 22	Notes to the Financial Statements

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HOOLE BAPTIST CHURCH

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER 1131495 START OF FINANCIAL YEAR 1st April 2021 END OF FINANCIAL YEAR 31st March 2022 TRUSTEES AT 31ST MARCH 2022 Rev. A. Glover (Church/Team Leader) Mr. E Green (Associate Leader) Mr. S Knott (Church Treasurer) Mrs R. Ludgate (Church Secretary/Administrator) Mr A. Elphinston Mrs S. Glover Ms. J. Hewlett (w.e.f. 15th July 2021) Ms. W. Briscoe (w.e.f. 15th July 2021) Ms. P. Miller (w.e.f. 15th July 2021) LEGAL STATUS Unincorporated Charity GOVERNING INSTRUMENT Constitution adopted 20 May 2009

OBJECTS

The principal purpose of the Church is the advancement of the Christian faith according to the principles of the Baptist denomination. The Church may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world.

REGISTERED ADDRESS Hoole Baptist Church Westminster Road Hoole Chester CH2 3AU PRINCIPAL BANKERS Barclays Bank Plc 1 Church Place London E14 5HP

INDEPENDENT EXAMINER Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF

3

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

Report to the trustees/ members of Hoole Baptist Church on the accounts for the year ended 31st March 2022 set out on pages 7 to 22.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

• examine the accounts under section 145 of the Charities Act,

• to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and

• to state whether particular matters have come to my attention

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. 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 statement

In connection with my examination, no matter has come to my attention

1. which gives me reasonable cause to believe that in, any material respect, the requirements:

2. to keep accounting records in accordance with section 130 of the Charities Act; and

3. · to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Independent Examiners Ltd J Irvinesmith FCIE Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF

Date: 9th January 2023

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HOOLE BAPTIST CHURCH

TRUSTEES REPORT

FOR THE YEAR ENDED 31ST MARCH 2022

Structure, Governance and Management

Church/Team Leader: Rev. A. Glover Trustees: Mr. A. Elphinston Rev. A. Glover Mrs. S. Glover Mr. E. Green (Associate Leader) Mr. S. Knott (Church Treasurer) Ms. J. Hewlett (w.e.f. 15th July 2021) Ms. W. Briscoe (w.e.f. 15th July 2021) Ms. P. Miller (w.e.f. 15th July 2021) Mrs. R. Ludgate (Church Secretary/Administrator)

Review of Activities

With the continuing restrictions relating to the ongoing pandemic, the Trustees, as the Leadership Team of the Church, continued to meet monthly by online means until July, thereafter the Team returned to in person meetings.

With two deaths, two moving away and a review of some lapsed Members, plus some new people joining, the membership numbers totalled 118 at the year end.

In-person Church Members’ Meetings (now re-named Church Family Gatherings) resumed in October but with the added option of online attendance for those who remained cautious. Decisions made previously in consultation with Members, but at arms’ length, were ratified.

The 12 months from April 2021 to March 2022 continued to be very challenging to navigate as the impact of the pandemic continued into its 2nd year. In light of this the work that we had begun under the name of Crossroads Community Hub continued and developed under the leadership of a Project Coordinator and working in partnership with local organisations and churches. We supported over 2500 adults and children by packing and delivering over 1,900 emergency food parcels.

Our Youth and Children’s work began in person from July, and we managed to reconnect and connect with over 100 children aged between 5 and 18 yrs each week over these 6 months. During the 6 months, we supported many who had struggled during the times of lock down and had become isolated and anxious. We also undertook some Safeguarding Training for our staff and volunteers.

The framework of Missional Communities continued to support the congregation during the times of local down and restricted gatherings and were well placed to initiate small outdoor and then indoor gatherings for these communities as we moved through the 12 months, we are very grateful to the 7 Missional Communities and their Core Leadership Teams for all they did over this period of time.

We are thankful to God and to the members of our congregation that over the past 12 months our income via donations has remained at the same levels as pre COVID 19, coupled with this due to restrictions on church activities our budgeted expenditure was reduced.

Financial Review

In 2021/22 we recorded a surplus of income over expenditure of £15,210 (2020/21: surplus of £22,954).

Total reserves at 31st March 2022 were £220,967 of which £30,326 were restricted funds , £92,218 were designated funds and £98,423 were unrestricted funds (of which £84,000 are represented by tangible fixed assets and £14,423 by net current assets).

Going Concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

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HOOLE BAPTIST CHURCH

TRUSTEES REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2022

Trustees' Responsibilities

The Charities Act 2011 requires the trustees to prepare financial statements for each financial year which presents a true and fair view of the state of affairs of the Charity and of the surplus of the Charity for that period. In preparing those financial statements the trustees are required to:

i) Select suitable accounting policies and apply them consistently

ii) Make judgements and estimates that are reasonable and prudent

iii) Prepare financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue in existence.

The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the Charity. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees on 5th December 2022

Signed on their behalf by Trustee, S Knott

Printed Name: Mr. S Knott

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HOOLE BAPTIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31ST MARCH 2022

Notes INCOME FROM: Donations & Legacies 3a Charitable Activities 3b Activities for Generating Funds 3c Investment Income 3d Other Incoming Resources 3e TOTAL INCOME EXPENDITURE ON: Costs of Charitable Activities 4a Governance Costs 4b TOTAL EXPENDITURE NET INCOME/(EXPENDITURE) Transfers Between Funds Total Funds Brought Forward Opening Balance Adjustment 17 TOTAL FUNDS CARRIED FORWARD

Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2021/22 2020/21 £ £ £ £ £ 149,190 10,529 49,916 209,635 198,512 20,480 18,092 - 38,572 36,686 1,138 - - 1,138 702 13 - - 13 60 100 - - 100 57 170,922 28,621 49,916 249,459 236,017 208,102 9,904 13,586 231,592 210,622 2,609 - 48 2,657 2,441 210,711 9,904 13,634 234,249 213,063 (39,789) 18,717 36,282 15,210 22,954 44,821 (30,020) (14,801) - - 93,391 94,347 18,019 205,757 182,803 - 9,174 (9,174) - - 98,423 92,218 30,326 220,967 205,757

Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.

The notes on pages 9 to 22 form part of these financial statements.

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HOOLE BAPTIST CHURCH

BALANCE SHEET

AS AT 31ST MARCH 2022

Note Fixed Assets Tangible Assets 2 Current Assets Debtors & Prepayments 9 Cash at Bank and in Hand 8 Total Current Assets Creditors:due within one year 10 NET CURRENT ASSETS TOTAL ASSETSless current liabilities Long Term Liabilities 11 NET ASSETS Funds of the Charity General Funds Designated Funds 5 Restricted Funds 6

Unrestricted Designated Restricted Total Total Funds Funds Funds 31-Mar-22 31-Mar-21 £ £ £ £ £ 84,000 975 - 84,975 85,999 2,040 - - 2,040 8,630 13,673 91,243 30,326 135,242 112,381 15,712 91,243 30,326 137,281 121,011 1,289 - - 1,289 1,253 14,423 91,243 30,326 135,992 119,758 14,423 91,243 30,326 135,992 119,758 - - - - - 98,423 92,218 30,326 220,967 205,757 98,423 - - 98,423 93,391 - 92,218 - 92,218 94,347 - - 30,326 30,326 18,019 98,423 92,218 30,326 220,967 205,757

Approved by the Trustees on 5th December 2022

Signed on their behalf by Trustee S Knott on 18th December 2022

Printed Name: Mr. S Knott

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HOOLE BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2022

1. ACCOUNTING POLICIES

Basis of Preparation

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019) - (Charities SORP - FRS102) and the Charities Act 2011.

The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1. There may be minor discrepancies as pence are not being shown.

Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period

Material prior period errors and changes to previous accounts

On 2nd June 2017 a grant of £10,000 was received from the Baptist Insurance Co to be used for Missional Communities salary costs. The grant was allocated as a restricted fund and all subsequent income and expenditure has been reflected against this fund. It has become apparent in this financial year, that once the initial grant of £10,000 had been spent, all future income and expenditure should have been reflected as a designated fund called Missional Communities, which was ringfenced for that purpose by the Trustees.

The effect of this, is that restricted funds were overstated and designated funds understated as at 31st March 2021 as follows:

Restricted funds as originally stated Restricted funds as restated Restricted Funds were overstated by Designated funds as originally stated Designated funds as restated Designated Funds were understated by	31-Mar-21 18,019 8,845 9,174 31-Mar-21 94,347 103,521 (9,174)

An opening balance adjustment of £9,174 has been entered to correct the fund position.

No other material prior period errors have been identified in this accounting period and there have been no changes to previous accounts.

Preparation of accounts on a going concern basis

Preparation of the accounts is on a going concern basis. The Trustees are of the view that the level of reserves will support the charity going forward.

Income

Income is included in the Statement of Financial Activities (SOFA) when:

• the charity becomes entitled to the income;

• it is more likely than not that the trustees will receive the resources; and

• the monetary value can be measured with sufficient reliability.

Interest receivable

Interest on funds held on deposit is included when receipt is probable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

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HOOLE BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022

1. ACCOUNTING POLICIES (Continued)

Grants and Donations

Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP).

Government Grants

The charity has not received government grants in the reporting period.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

Tax Reclaims on Donations and Gifts

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

Expenditure

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.

Taxation

The charity is exempt from tax on its charitable activities.

Redundancy payments

The charity made no redundancy payments during the period.

Pensions

The charity operates a government backed defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

Debtors

Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

Tangible Fixed Assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. They are capitalised if they can be used for more than one year and cost over £1,500.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Sound Equipment	25%
Computers and Equipment	33%

No depreciation is charged to freehold property as the property is maintained to such a standard that the estimated residual value is not less than cost.

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HOOLE BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022

2. TANGIBLE FIXED ASSETS

Cost 01-Apr-21 Additions Cost at 31-Mar-22 Depreciation 01-Apr-21 Charge Depreciation at 31-Mar-22 Net Book Value 31-Mar-22 Net Book Value 31-Mar-21	General Designated General Designated Land & Computer Computer Sound Sound Total Buildings Equipment Equipment Equipment Equipment £ £ £ £ £ 84,000 18,849 6,259 192 4,301 113,601 - - - - - - 84,000 18,849 6,259 192 4,301 113,601 - 18,849 6,259 192 2,302 27,602 - - - - 1,024 1,024 - 18,849 6,259 192 3,326 28,626 84,000 - - - 975 84,975 84,000 - - - 1,999 85,999

Church Premises are held at deemed cost of £84,000 which is the historical cost of the property.

The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st March 2022: None 31st March 2021: None

Church Premises

The church premises are held at cost value because reliable cost information is not available, and valuation would incur significant costs which would be onerous compared with the additional benefit gained by the user of the accounts. The 2022 insurance value of premises is £1,072,278.

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HOOLE BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022

3. INCOME

a) Donations & Legacies Gifts & Donations Gift Aid Tax Refund Grants Received b) Charitable Activities Activities & Events Salaries Contribution Specific Purposes c) Activities for Generating Funds Rental Income d) Investment Income Interest Received e) Other Incoming Resources Sundry Income

Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2021/22 2020/21 £ £ £ £ £ 115,370 375 7,840 123,585 138,297 20,854 - 575 21,429 22,717 12,967 10,154 41,501 64,622 37,498 149,190 10,529 49,916 209,635 198,512 100 1,793 - 1,893 1,325 19,400 16,299 - 35,699 33,837 980 - - 980 1,524 20,480 18,092 - 38,572 36,686 1,138 - - 1,138 702 1,138 - - 1,138 702 13 - - 13 60 13 - - 13 60 100 - - 100 57 100 - - 100 57

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HOOLE BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022

4. EXPENDITURE

Note a) Costs of Charitable Activities Activities & Events Annual Maintenance & Servicing Building Repairs & Maintenance Children's Work Community Grants Payable Computer Licences & Support Depreciation Expense Discipleship Expenses Gifts & Donations Licences & Subscriptions Manse Rental Agreement Mission Grants Payable 4a.i) Mission Partnership Office Costs Office Equipment Expensed PA Systems Payroll Fees Photocopier Costs Prayer & Worship Premises Hire Refreshment Expenses Safeguarding Costs Salaries & Wages 12 Specific Purposes Students Sunday Gathering Sundry Expenses Telephone Costs Training Costs Travel & Subsistence Utility Costs Youth Work b) Governance Costs Insurance Costs Independent Examiner's Fee

Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2021/22 2020/21 £ £ £ £ £ - 1,853 70 1,923 1,473 983 - - 983 991 1,534 3,468 156 5,158 7,647 343 - 228 571 728 - - 6,880 6,880 12,436 2,837 48 - 2,885 6,464 - 1,024 - 1,024 1,023 1,142 - 101 1,243 2,346 1,107 900 - 2,007 7,811 1,911 - 25 1,936 1,849 8,544 - - 8,544 8,544 12,000 - - 12,000 16,100 8,390 1,050 - 9,440 1,985 439 - - 439 1,311 154 - - 154 153 95 - - 95 15 1,072 - - 1,072 949 351 - - 351 451 12 - 125 137 57 2,997 499 139 3,635 300 311 - - 311 58 5 - - 5 - 147,352 - - 147,352 127,464 4,954 210 80 5,244 2,273 130 - - 130 - 1,980 695 - 2,675 2,040 211 - 688 899 106 1,357 - 471 1,828 1,020 1,295 - - 1,295 622 429 - 112 541 81 4,661 - - 4,661 3,913 1,507 158 4,511 6,176 412 208,102 9,904 13,586 231,592 210,622 1,475 - 48 1,523 1,343 1,134 - - 1,134 1,098 2,609 - 48 2,657 2,441

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HOOLE BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022

4a.i) GRANTMAKING

Analysis of grants paid (included in cost of charitable activities)

OMF International (A&L Sears) Frontiers (B&L Waugh) Russ and Lesley Howell Bethan Uitterdijk (YWAM) Emma Shorey (nee Binder) The Light Project Trust Chester Schools Christian Work Trust A Jones (Uganda trip) Storehouse Church Care for the Family Dheeravath Sudha Rani Zimbabwe Network of Churches (B.Fitzpatrick) Total	Grants to Grants to 2021/22 2020/21 institutions individuals £ £ £ £ 3,600 - 3,600 3,600 4,200 - 4,200 4,200 - 2,040 2,040 2,040 - - - 1,000 - - - 300 1,080 - 1,080 1,080 1,080 - 1,080 1,080 - - - 1,200 - - - 300 - - - 300 - - - 500 - - - 500 9,960 2,040 12,000 16,100

5. DESIGNATED FUNDS

CURRENT FINANCIAL YEAR Building Fund Computer Fund D'Biz Fund Mission Fund Mission (short term) Fund Mission (long term) Fund Messy Church Missional Communities Fund Release Fund Resource Centre Fund Reimagine Fund Sozo Fund Storehouse Trackers and Colts Fund Who Let The Dads Out

Opening Balance Balance Adj. Balance 01-Apr-21 01-Apr-21 Income Expenditure Transfers 31-Mar-22 £ £ £ £ £ 2,267 - - 3,468 1,750 549 2,281 - - 1,072 1,800 3,009 340 - 653 874 - 119 5 - - - - 5 2,629 - - 800 600 2,429 5,650 - - 750 1,800 6,700 26 - - - - 26 - 9,174 10,154 499 (17,944) 885 1,219 - 135 768 173 759 71,683 - 200 - 2,240 74,123 3,000 - 40 695 (40) 2,305 355 - - - - 355 4,099 - 16,299 - (20,399) 1 - 399 - 896 749 - 546 394 - 244 229 - 409 94,347 9,174 28,621 9,904 (30,020) 92,218

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HOOLE BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022

5. DESIGNATED FUNDS (Continued)

The 2022/21 transfers between funds represent:

Building Fund Computer Fund Mission (short term) Fund Mission (long term) Fund Release Fund Resource Centre Fund Reimagine Fund Storehouse Missional Communities Fund Missional Communities Fund Missional Communities Fund Missional Communities Fund Missional Communities Fund

£ 1,750 For any unbudgeted maintenance costs to Hoole Lighthouse Centre or the adjoining offices. 1,800 600 For transfers to Hoole Baptist Church short term mission partners. 1,800 For transfers to Hoole Baptist Church long term mission partners. 173 Transfer from Missional Communities Restricted Fund 2,240 For the future purchase of a new building (40) Giving misallocated to this fund in error (20,399) Transfer of income specifically for the salary of Paul Stevens, Pastor (9,971) Transfer for the purpose of missional communities, in particular the salary of the current associate minister (7,000) End of year transfer from holding fund to general for general use (1,000) Leadership team request transfer to general for general use (173) Gift given to member of Blacon Missional community via Release Fund 200 Transfer from General Fund (30,020) For any unbudgeted computer equipment purchased due to damages or essential upgrades. Includes emergency server replacement. of Storehouse Church, Winsford. This Fund was closed at the end of March 2022.

PREVIOUS FINANCIAL YEAR

Building Fund Computer Fund D'Biz Fund Mission Fund Mission (short term) Fund Mission (long term) Fund Messy Church Release Fund Resource Centre Fund Reimagine Fund Sozo Fund Storehouse Trackers and Colts Fund Who Let The Dads Out

Balance Balance 01-Apr-20 Income Expenditure Expenditure on Transfers 31-Mar-21 Fixed Assets £ £ £ £ £ £ 3,372 - 6,705 - 5,600 2,267 5,793 - 3,512 - - 2,281 585 902 1,147 - - 340 5,434 - - - (5,429) 5 - - 750 - 3,379 2,629 - - - - 5,650 5,650 26 - - - - 26 432 1,124 3,337 3,000 1,219 66,946 220 - - 4,517 71,683 - - 3,000 3,000 355 - - - - 355 549 22,800 300 (18,950) 4,099 399 - - - 399 297 423 326 - 394 84,188 25,469 16,077 - 767 94,347

The 2021/20 transfers between funds represent:

£

	£
Building Fund	5,600 For any unbudgeted maintenance costs to Hoole Lighthouse Centre or
Mission Fund	the adjoining offices. (5,429) For transfers to Hoole Baptist Church mission partners.
Mission (short term) Fund	3,379 For transfers to Hoole Baptist Church short term mission partners.
Mission (long term) Fund	5,650 For transfers to Hoole Baptist Church long term mission partners.
Release Fund	3,000 For money given as gifts to help in difficult times.
Resource Centre Fund	4,517 For the future purchase of a new building
Reimagine Fund	3,000 For new logo/sign changes
Storehouse	(18,950) Transfer of income specifically for the salary of Paul Stevens, Pastor of Storehouse Church, Winsford

767

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HOOLE BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022

5. DESIGNATED FUNDS

Designated Fund descriptions:

Building Fund is money set aside to build up a reserve for building maintenance costs.

Computer Fund is money set aside to build up a reserve for replacing computer equipment.

D’Biz Fund is income and expenditure for D’Biz youth club including activities under Trackers.

Events Fund is a fund set up for one off events held in our building, e.g. Sozo Conference.

Healing Rooms Fund set up on 1.4.17 which relates to any funding used directly for Healing Rooms Ministry.

Mission Fund is money set aside to help people get involved in mission.

Mission ST fund money set aside to help people involved in short term mission including local missions organisations.

Mission LT fund money set aside to help people involved in long term mission.

Messy Church Fund is a fund set aside for the Messy Church meetings.

Missional Communities Fund was set up on 02.06.17 to receive a grant from the Baptist Insurance for missional communities. Once the initial grant was spent, a new designated fund was ringfenced by the Trustees for this purpose.

Release Fund is money set aside to give as gifts e.g. to enable someone to attend an event or to help in difficult times.

Resource Centre Fund (formerly known as Mortgage Fund) is money set aside for developing a new resource centre following repayment of our mortgage loan in December 2015.

The Reimagine/I61 Fund is money set aside for expenditure related to new logo/sign changes etc

Sozo Fund is for donations given relating to HBC Sozo Ministry

Winsford Mission Base/Storehouse – is to receive a salary for Paul Stevens and a £10,000 grant from Baptist Ins Co. It was closed at the end of March 2022.

Trackers and Colts Fund is income and expenditure for the Trackers primary age club and Crossway Colts junior football club.

Who Let The Dads Out is income and expenditure for the Who Let the Dads Out dads and toddlers group.

The Designated funds are represented by the Charity's cash reserves and fixed assets and are to be expended as detailed above.

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HOOLE BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022

6. RESTRICTED FUNDS

CURRENT FINANCIAL YEAR

CWaC (Youth) Crossroads Healing Rooms Fund Missional Communities Fund Messy Church Renew Shout Fund Shine Worship PA Fund Youth Alpha Fund	Opening Balance Balance Adj. Balance 01-Apr-21 01-Apr-21 Income Expenditure Transfers Out 31-Mar-22 £ £ £ £ £ (32) - - - - (32) 4,533 - 44,796 8,062 (14,746) 26,521 240 - - - - 240 9,174 (9,174) - - - - 206 - - - - 206 1,500 - - 694 - 806 554 - 450 367 - 637 1,941 - - - - 1,941 (277) - - - - (277) 180 - 4,670 4,511 (55) 284 18,019 (9,174) 49,916 13,634 (14,801) 30,326

The 2022/21 transfers between funds represent:	The 2022/21 transfers between funds represent:
Crossroads Fund	£ (13,394)	Transfer of management costs and salary for E. Adams
Crossroads Fund	(1,100)	Transfer of management costs and salary for CC Hub Manager
Crossroads Fund	(48)	Transfer of Broadband costs
Crossroads Fund	(250)	Transfer of Additional Insurance costs
Crossroads Fund	46	Transfer from General Fund re closure of Winter Hardship Fund
Youth Alpha Fund	(55)	Transfer remaining balance from Youth Weekend Away to general funds. This fund is only used for tracking income and expenditure for Youth residential events.
	(14,801)

All transfers out of restricted funds have been agreed with the donors.

PREVIOUS FINANCIAL YEAR

CAP Centre CWaC (Youth) Crossroads Festival Church Healing Rooms Fund Missional Communities Fund Messy Church Renew Shine Shout Fund Streetworx Who Let The Dads Out 2 Worship PA Fund Youth Alpha Fund	Balance Balance 01-Apr-20 Income Expenditure Transfers 31-Mar-21 £ £ £ £ £ - - 281 - 313 - (32) 21,754 12,436 (4,785) 4,533 - - - - - 240 - - - 240 1,071 6,385 - 1,718 9,174 206 - - - 206 2,000 500 1,500 - - - - - 353 600 399 - 554 1,941 - - - 1,941 - - - - - (277) - - - (277) 592 - 412 - 180 4,407 30,739 14,060 (3,067) 18,019

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HOOLE BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022

6. RESTRICTED FUNDS

The 2021/20 transfers between funds represent:

£ Crossroads Fund (4,785) Transfer of management costs and salary for E. Adams Missional Communities Fund 1,718 Transfer for the purpose of missional communities, in particular the salary of the current associate minister (3,067)

All transfers out of restricted funds have been agreed with the donors.

Restricted Fund Descriptions:

CWaC (Youth Work) fund is money given by local councillors and other organisations for our youth work.

Crossroads fund relates to the income and expenditure of a new project launched in April 2020 to provide relief food parcels for those indirectly affected by government lockdowns and restrictions

Healing Rooms Fund set up on 1.4.17 which relates to any funding used directly for Healing Rooms Ministry.

Messy Church Fund is a fund set aside for the Messy Church meetings.

Renew fund launched in April 2020 relates to income and expenditure for a new initiative as a weekly wellbeing space open to the local community.

Shine Fund is money given by the Gibbs Trust for arts and creativity.

Shout Fund is money given by another church charity for a joint youth venture.

Streetworx Fund relates to income and expenditure for the Streetworx youth project which runs panna cage football sessions in conjunction with the local police.

Worship is a fund set up for a donation given specifically for the purchase of a new keyboard.

Youth Alpha is a fund set up for donations to be used specifically for activities for Youth Alpha.

The Restricted funds are represented by the Charity's cash reserves and are to be expended as specified above.

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HOOLE BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31ST MARCH 2022

7. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fixed Assets Net Current Assets	Unrestricted Designated Restricted Total Total Funds Funds Funds 31-Mar-22 31-Mar-21 £ £ £ £ £ 84,000 975 - 84,975 85,999 14,423 91,243 30,326 135,992 119,758 - 98,423 92,218 30,326 220,967 205,757

8. CASH AT BANK AND IN HAND

Cash at Bank & in Hand 9. DEBTORS AND PREPAYMENTS Gift Aid Tax Recoverable	Unrestricted Designated Restricted Total Total Funds Funds Funds 31-Mar-22 31-Mar-21 £ £ £ £ £ 13,673 91,243 30,326 135,242 112,381 13,673 91,243 30,326 135,242 112,381 Unrestricted Designated Restricted Total Total Funds Funds Funds 31-Mar-22 31-Mar-21 £ £ £ £ £ 2,040 - - 2,040 8,630 2,040 - - 2,040 8,630

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HOOLE BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31ST MARCH 2022

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Independent Examiner's Fee Pension Contributions	Unrestricted Designated Restricted Total Total Funds Funds Funds 31-Mar-22 31-Mar-21 £ £ £ £ £ 1,134 - - 1,134 1,098 155 - - 155 155 1,289 - - 1,289 1,253

11. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR

The Charity held no long term liabilities during this or the previous financial year.

12. STAFF COSTS AND NUMBERS

Gross Wages & Salaries Employer's National Insurance Costs Employer's Allowance SMP Recovered Pension Contributions	TOTAL 2021/22 £ 137,188 8,326 (4,000) (187) 6,025 147,352	TOTAL 2020/21 £ 121,073 7,571 (4,000) - 2,820 127,464

Actual number of employees who were engaged in each of the following activities:

TOTAL 2021/22 Charitable Activities 7 Support 1 Management 4 12 Employee numbers represent: At 31st March 2022: 3 full time and 9 part time staff members At 31st March 2021: 3 full time and 5 part time staff members	TOTAL 2020/21 3 1 4 8

The church offers a government backed stakeholder pension scheme to those eligible employees who wish to contribute. From 1st April 2017 employer contributions are paid with the exception of one full time member of staff who opted out of the scheme. The church pays employer contributions into a private pension scheme on behalf of the one employee that opted out of the NEST scheme. The total employer pension contributions paid for 2021/22 was £2,823 (2020/21: £2,820).

The Charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess of £60,000. (2020/21:None).

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HOOLE BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022

13. PAYMENTS TO TRUSTEES AND OTHER RELATED PARTIES

PAYMENTS TO RELATED PARTIES

The custodian trustee of the church is the North Western Baptist Association which is a registered charity (number: 247503). The church is a member of the Baptist Union of Great Britain (reg. charity no. 1125912) and serves as the administrative hub for Fresh Streams (reg. charity no. 280032).

No payments were made to the custodian trustees or any persons/organisations connected with them during this financial period. No material transaction took place between the charity and the custodian trustee or any person/organisation connected with them (2020/21: None).

Hoole Baptist Church received a gift of £15,000 from Fresh Streams Network Ltd (registered charity number 280032). Trustee A Glover is also a Trustee of Fresh Streams Network Ltd.

Hoole Baptist Church received a gift of £5,649 (2020/21: £6,037) from Link Up West Cheshire (registered charity number 1158678). Hoole Baptist Church also gave a local mission gift of £660 to Link Up West Cheshire. Trustees A and S Glover are also Trustees of Link Up West Cheshire.

Hoole Baptist gave a local mission gift of £1,080 to The Light Project (registered charity number 1084941). Trustee A Glover is also a Trustee of The Light Project.

Hoole Baptist gave a local mission gift of £1,080 to Chester Schools Christian Work Trust (registered charity number 1041454). Trustee S Glover is also a Trustee of Chester Schools Christian Work Trust.

PAYMENTS TO TRUSTEES

During the financial year Trustee Mr A. Glover received £25,320 (2020/21: £24,804) in gross salary related payments for ministerial services supplied to the Charity in furthering the Charity's objects . Trustee Mr A Glover and Trustee Mrs S Glover also received £8,544 (2020/21: £8,544) for use of their home under an HMRC approved rental agreement in furtherance of the Charity's objects.

During the financial year Trustee Mr E. Green received £24,500 (2020/21: £24,000) in gross salary related payments in his capacity as Associate Leader in furthering the Charity's objects .

Trustee S. Knott was paid £990 as a self employed person (2020/21: he received an £820 honorarium) for his work as interim financial assistant due to sickness absence of the Finance Assistant F. Ralph. Also in 2020/21 Trustee S. Knott was paid £180 for freelance maintenance work undertaken for the Charity (2021/22: None)

The above payments are permitted as per the charity's governing document.

No other payments were made to trustees or any persons connected with them during this financial period. No other material transaction took place between the organisation and a trustee or any person connected with them.

DONATIONS FROM TRUSTEES

Four Trustees donated an aggregate amount of £14,440 to the charity during the financial year (2020/21: Four Trustees donated an aggregate amount of £14,640). There were no conditions attached to these donations.

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HOOLE BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022

14. RISK ASSESSMENT

The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

15. RESERVES POLICY

The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.

16. PUBLIC BENEFIT

The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

17. OPENING BALANCE ADJUSTMENT

In financial year ended 31st March 2018 a grant of £10,000 was received from Baptist Insurance for missional communities and treated as a restricted fund. The grant was spent in full by 31st March 2019. Once the initial grant was spent, a new fund was established by the Trustees for missional communities. This new fund was shown in the published accounts as a restricted fund, but as it had been ringfenced by the trustees it should have been shown as a designated fund. The opening balance at 1st April 2021 of £9,174 has now been transferred to designated funds.

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