## **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|
2
## **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:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- **·** to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
2. 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
4
## **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.
5
## **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
6
## **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.
7
## **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 ASSETS**less 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
8
## **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.
9
## **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.
10
## **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.
11
## **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**|
|---|---|
12
## **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**|
|---|---|
13
## **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**|
|---|---|
14
## **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
15
## **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.
16
## **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**|
|---|---|
17
## **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.
18
## **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**|
|---|---|
19
## **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).
20
## **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.
21
## **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.
22