ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
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 7 | Trustees' Report |
| Page 8 | Statement of Financial Activities |
| Page 9 | Balance Sheet |
| Pages 10 to 23 | Notes to the Financial Statements |
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HOOLE BAPTIST CHURCH
LEGAL AND ADMINISTRATIVE INFORMATION
1131495
CHARITY NUMBER 1131495 START OF FINANCIAL YEAR 1st April 2023 END OF FINANCIAL YEAR 31st March 2024 TRUSTEES AT 31ST MARCH 2024 Rev. A. Glover (Church/Team Leader) Mrs. W.N. Briscoe Mr A. Elphinston Mrs S. Glover Rev. E Green (Associate Minister) Mrs. J. Hewlett Mrs R. Ludgate (Church Secretary/Administrator) Mrs. P. Miller
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
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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 2024 set out on pages 8 to 23.
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:
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examine the accounts under section 145 of the Charities Act,
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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
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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
The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a fellow member of the Association of Charity Independent Examiners. In connection with my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
J Irvinesmith FCIE
Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
Date: 21 January 2025
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HOOLE BAPTIST CHURCH
TRUSTEES REPORT FOR THE YEAR ENDED 31ST MARCH 2024
Structure, Governance and Management
Church/Team Leader: Rev. A. Glover (Church/Team Leader) Trustees: Mrs. W.N. Briscoe Mr A. Elphinston Mrs S. Glover Rev. E Green (Associate Minister) Mrs. J. Hewlett Mrs R. Ludgate (Church Secretary/Administrator) Mrs. P. Miller
The Trustees met monthly as the Leadership Team of the Church over the past twelve months.
Objectives
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.
Activities and Achievements
Membership stands at 113 at the year end. Several active Members have moved on, one having sadly unexpectedly died; however, with five other already active folk joining the membership, the total number has remained relatively steady. There were 3 baptisms during this year.
We continue to develop missional communities in the Church within a framework of an intentional discipleship culture. This is reflected in our mission statement: helping people to love, trust and follow Jesus. We also continue to use the language of ‘Gathered and Scattered” to reflect the focus on creating a strong resource centre to act as a mission base from which Church Members can go out to live their lives as Christians in their homes, communities and workplaces. The ministry areas of the Church reflect that focus and prioritise our vision to bring healing, wholeness and freedom to broken lives and communities as we expect great things from God and attempt great things with God.
Reinforcing the discipleship ethos, we have continued to develop Intentional Place of Discipleship groups (IPODs) for those in ministry in a variety of activities across the Church to provide accountability and encouragement. These have regularly met once a month.
The safeguarding and protection of our children and other vulnerable persons is paramount and, in December our Policy and Procedures for Safeguarding for Children and Young People and “at risk” adults were reviewed and affirmed. It reflects the most up to date guidance from the Baptist Union of Great Britian and our ministry structures and practice in 2023/24.
In September 2023, Ed Green, finished his Newly Qualified Minister (NAM) period and was successful transferred onto the Fully Accredited List of Baptist Ministers for the Baptist Union of Great Britain.
On two Sundays per month, 1st and 3rd, as part of our monthly rhythm, we continue to gather at Hoole Primary School, a venue which is working well for us at present. On the 2nd Sunday we run Messy Church in the morning and later in the day, an Encounter Evening, both in our own building, Hoole Lighthouse Centre. Three of our Missional Communities also gather on this Sunday as well as a small group focused on Contemplative Prayer. On the 4th Sunday we have no central gathering; instead, all seven of our Missional Communities gather in various locations around the city of Chester.
Our Youth and Children’s work continued throughout the year as we continue to invest in this area of ministry with staff and volunteer involvement. Through eight different groups we connect with over 150 children aged between 0 and 18 yrs. each week. Within these we are building some stronger links to whole families and supporting them during this difficult time due to the cost -of living crisis. Links with local schools, both primary and secondary, has developed as we have been involved in some aspects of ministry in these schools through various members of our staff team and with some members serving as governors in schools.
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HOOLE BAPTIST CHURCH
TRUSTEES REPORT (continued) FOR THE YEAR ENDED 31ST MARCH 2024
Activities and Achievements (continued)
In September 2023 we held our 2nd Church Residential weekend Away called “The Big Weekend” – with over 100 adults and children drawn from HBC and three other churches that we have relationship and partnership with, expressed as a “Kingdom Alliances”. With guest speakers for the adults, Ian and Marj Rossoll, and guest leaders for our children and youth, this was a very enjoyable and significant weekend for the church.
Mission partners
Local
We work in partnership across Chester to support other Christian ministries too and a number of our members serve as volunteers in these projects. We identify the following as local Partners in Mission: Chester Schools’ Christian Work, Crossway FC, Link Up, The Light College and Collective and West Cheshire Foodbank.
National
We have supported the following projects and people as our national Partners in Mission: Who Let The Dads Out?, Russ and Lesley Howell, Baptist Union of Great Britain, North Western Baptist Association (NWBA), Fresh Streams, Evangelical Alliance and New Wine.
Global
Our mission includes a global vision and we support a number of families and individuals working overseas. One of the principles for our financial support of our overseas partners is that they need to be fully released to focus on the mission work they do and not require another job to earn money.
We recognise this by seeking to give approximately ten per cent of our income for overseas work.
We identify the following people as our global Partners in Mission: Alan and Lorna Sears, the Waugh Family, Bea Duffett. We also support 3 organisations Open Doors UK, Operation Promise and Kakina Freedom Ministry.
We continue to encourage and support Church members who are considering short or longer term trips to work overseas.
Future Plans
Some opportunities for development and growth continue:
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The partnership with the former “The Storehouse Church” now re-named “Overflow Church” (registered charity no: 1088755) meeting in Winsford, Cheshire continues under the leadership of a seconded HBC Associate Leader. We share resources and meet together several times per year.
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The previously reported potential acquisition of a redundant local church building, is still going ahead. However, the completion of the purchase has been delayed but we hope it will take place in 2024. Fortunately, during the pandemic and beyond we have had access to the building to operate Crossroads Community Hub (a food bank and café) as reported last year. This arm of HBC’s work is now part of a Community Interest Company (CC Hub C.I.C; Company No: 14114550) set up under the management of HBC trustees and members with a vision for “a Chester community in which no one experiences hunger or social isolation”. In October, we appointed 2 new members of staff both part time and they work alongside our Project Manager and some 35 volunteers. We are now open for 4 sessions a week where individuals and families can come to the Meeting Place Café and collect food from our food store. On a Monday, we pack and deliver food parcels. Working in partnership with West Cheshire Foodbank, over the year we have distributed over 2300 food parcels.
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The partnership known as “Zac’s Kingdom Community”, Northwich has developed, and this is now a “Baptist Expression” of Church. In September 2003 they changed their name to Hope Community Church and officially became a project of Hoole Baptist Church. Their minister is now on the HBC payroll and a small leadership has formed supported by Andy and Sue and HBC leadership team. They join with us for a Morning Gathering on the 5th Sunday.
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During the year the work and ministry of our Minister-in Training continued, Katharine McPhail, is now in her second year of training and studying at St. Hild, Sheffield. With partial financial support from the North Western Baptist Association, the Church agreed to this 2nd year which will end in July 2024. As well as preaching, she continues to support our community work at CC Hub. She helps lead one of our Missional Communities. A Support Group (of four) including two HBC Members has been set up to act as a link between college and the church and also to prayerfully encourage her.
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HOOLE BAPTIST CHURCH TRuEEs REI>ORT (Contrnued) FOR THE YEAR ENDED 31ST MARCH 2024 We remain extmelY thankful to all the members of our congregatlon who are actively involved in the life and ministry Df our church and continue to generously give financiall support for all we do. We praise and thank God for His falthfulness and goodness expressed to U5 over these past 12 months. In 2023/24 we Corded a surplus of Income over expenditure of £9,188 (2022123: surplus of £16,298). Total reserves at 31st March 2024 were £246.453 of which £8.540 were Trstricted funds , £149,258 were designated funds and É88,655 were unrestrfcted funds (of which £84,000 are psented by tangible fixed assets and £4,655 by unrestricted net current assets). After making appropriate enquiries, the Trustees hèvè a reasonable expectatlon that the Charity has adequate resources to continue in operatlonal existence for the foreseeable future. For thls reason, they continue to adopt the going concern basls in preparing the financlal statements. Further detai15 regardin9 the adoptlon of the going concern ba515 can be found In the accountlng policies. stees, The Charftles Act 2011 require5 the trustees to prepare flnancial statements for each financlal year whlch presents a true and falr vlew of the State of affairs of the Charlty and of the sutUS of the Chadty for that pertDd. In preparlng thosè fSnancSal statements the trustee5 are qUIred to.. l) Select suitable accounting pollcles and apply them consistently 11) Make judgements and estlrnates that a asonable and prudent iii) Prepare flnanclal ststements on the golng COnM basls unless It 15 inapprt>pdate to presume that the trust wlll continue in exlstence, The trustees are responsible for keeplng propÈr accounting records, whlch dlsclo5e with reasonable accuracy at any tirne the flnancial pDsilion of the Charity. They are also responsible for safeguarding the assets of the Charlty and hence for taking reasonable steps for the prevention and detertlon of fraud and other irregularities, Approved by the Trustees on: Slgned on thelr behalf by Trustee: Prlnted Namp: AtAPeÉLJ É LPM Ir4sfL)
HOOLE BAPTIST CHURCH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024
| 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 5,6 NET MOVEMENT IN FUNDS Reconciliation of Funds: Total Funds Brought Forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2023/24 2022/23 £ £ £ £ £ 171,448 11,775 40,729 223,952 234,829 73,638 22,611 3,226 99,475 59,359 3,015 - - 3,015 4,238 1,776 - - 1,776 156 1,109 - - 1,109 - 250,986 34,386 43,955 329,327 298,582 271,633 27,807 17,691 317,131 279,508 3,008 - - 3,008 2,776 274,641 27,807 17,691 320,139 282,284 (23,655) 6,579 26,264 9,188 16,298 22,073 (1,200) (20,873) - - (1,582) 5,379 5,391 9,188 16,298 90,237 143,879 3,149 237,265 220,967 88,655 149,258 8,540 246,453 237,265 |
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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 10 to 23 form part of these financial statements.
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HOOLE BAPTxsf CHURCH BALANCE SHEET AS AT 31ST MARCH 2024 unStrICted Designated Funds Funds Restricted Funds Total Total 31-Mar-24 31-Map23 Note Flxed Assets Tangible A55ets 84.000 84,000 84, 179 Current Assets Cash at Bank and in Hand Debtors & Prepayment5 Total Current Assets 4,750 1,988 149,258 7,850 690 8,540 161,858 2,678 164 536 142,710 11,605 154 315 149 258 Credltor$'. due wlthln one year io 2.083 2.083 1.229 NET CURRENT ASSETS 4,655 149,258 8,540 162,453 153,086 TOTAL ASSETS less current Ilabllities 4.655 149.258 B,540 162,453 153,086 Long Term Uabllitie5 li NET ASSETS 88,655 149,258 8,540 246,453 237,26S Funds of the Charlty General Funds Deslgnated Funds Restrfrted Fund5 88,655 88,655 149,258 8,540 90,237 143,879 3,149 L49,258 8,540 149 258 246 453 237 265 Approved by the Tru5tee5 On: Signed on thelr behalf by Trustee: Printed Name.. 4p W &Lf4f I ro6fv
HOOLE BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
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.
The charity has opted to prepare its accounts using natural categories.
Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period
Material prior period errors and changes to previous accounts
No 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.
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.
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.
INCOME
Income is included in the Statement of Financial Activities (SOFA) when:
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the charity becomes entitled to the income;
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it is more likely than not that the trustees will receive the resources; and
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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.
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
Donated Goods
Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable.
Government Grants
The charity has not received government grants in the reporting period.
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HOOLE BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024
1. ACCOUNTING POLICIES (Continued)
INCOME
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.
Volunteer Help
The value of any voluntary help received is not included in the accounts but is described in the Directors' annual report.
Income from interest, royalties and dividends
This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.
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.
Liability Recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Governance Costs
Governance costs are those support costs which relate to public accountability of the charity and its compliance with regulation and good practice.
Redundancy cost
The charity made no redundancy payments during the reporting period.
Taxation
The charity is exempt from tax on its charitable activities.
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, and contributions to a private pension scheme on behalf of one employee that opted out of the government scheme.
Deferred income
No material item of deferred income has been included in the accounts.
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% Motor Vehicles 25% Freehold Property 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 2024
2. TANGIBLE FIXED ASSETS
| Cost 01-Apr-23 Additions Cost at 31-Mar-24 Depreciation 01-Apr-23 Charge Depreciation at 31-Mar-24 Net Book Value 31-Mar-24 Net Book Value 31-Mar-23 |
General Designated General Designated Total Land & Computer Computer Sound Sound Buildings Equipment Equipment Equipment Equipment £ £ £ £ £ 84,000 18,237 6,870 192 4,301 113,600 - - - - - - 84,000 18,237 6,870 192 4,301 113,600 - 18,237 6,870 192 4,122 29,421 - - - - 179 179 - 18,237 6,870 192 4,301 29,600 84,000 - - - - 84,000 84,000 - - - 179 84,179 |
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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 2024: None 31st March 2023: None
Church Premises
The church premises are held at cost value because reliable cost information is not available, and the Trustees are of the opinion that revaluation would incur significant costs which would be onerous compared with the additional benefit gained by the user of the accounts. The 2024 insurance value of premises is £1,345,067.
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HOOLE BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024
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 2023/24 2022/23 £ £ £ £ £ 116,297 10,002 30,671 156,970 172,462 27,834 1,773 1,922 31,529 33,609 27,317 - 8,136 35,453 28,758 171,448 11,775 40,729 223,952 234,829 747 1,976 - 2,723 2,508 59,728 5,000 - 64,728 42,192 13,163 15,635 3,226 32,024 14,659 73,638 22,611 3,226 99,475 59,359 3,015 - - 3,015 4,238 3,015 - - 3,015 4,238 1,776 - - 1,776 156 1,776 - - 1,776 156 1,109 - - 1,109 - 1,109 - - 1,109 - |
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HOOLE BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024
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 2023/24 2022/23 £ £ £ £ £ - 2,068 - 2,068 2,607 1,925 - - 1,925 767 380 6,448 - 6,828 1,864 937 - - 937 2,194 - - 10,547 10,547 32,904 4,693 395 - 5,088 6,207 - 179 - 179 796 1,159 - 53 1,212 3,030 1,053 292 - 1,345 1,013 2,181 - - 2,181 2,584 8,544 - - 8,544 8,544 18,781 1,000 - 19,781 17,490 1,740 - - 1,740 1,740 223 - - 223 577 54 500 - 554 15 262 - - 262 - 1,165 - - 1,165 1,040 405 - - 405 377 172 - - 172 668 2,830 - 715 3,545 2,285 703 - - 703 649 390 - - 390 378 199,943 - - 199,943 163,230 13,475 16,925 2,981 33,381 10,830 60 - - 60 70 1,306 - - 1,306 983 304 - 1,273 1,577 383 1,685 - - 1,685 1,985 1,027 - - 1,027 1,799 1,047 - 480 1,527 551 4,325 - - 4,325 4,578 864 - 1,642 2,506 7,370 271,633 27,807 17,691 317,131 279,508 1,778 - - 1,778 1,624 1,230 - - 1,230 1,152 3,008 - - 3,008 2,776 |
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HOOLE BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024
4a.i) GRANTMAKING
Analysis of grants paid (included in cost of charitable activities)
| OMF International (A&L Sears) Frontiers (B&L Waugh) Operation Mobilisation (A Smith) Russ and Lesley Howell BMS World Mission Open Doors The Light Project Trust Chester Schools Christian Work Trust Operation Promises (through A Glover) BMS Home Mission Care for the Family Good News Foundation (through A Glover) Beatrice Duffet (through A Glover) Abi Lycett (Short Term Mission Fund) Paul Wilcox (Short Term Mission Fund) Kakina Freedom Ministries (through S & K Knott) S & K Knott (Uganda Mission Trip) Total |
Grants to Grants to 2023/24 2022/23 institutions individuals £ £ £ £ 3,000 - 3,000 3,600 4,200 - 4,200 4,200 - - - - - 2,280 2,280 2,280 500 - 500 1,000 1,000 - 1,000 1,000 1,080 - 1,080 1,080 1,080 - 1,080 1,080 1,000 - 1,000 1,000 500 - 500 500 - - - 300 - - - 500 - 1,200 1,200 500 - - - 350 - - - 100 2,941 - 2,941 - 1,000 1,000 - 15,301 4,480 19,781 17,490 |
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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 MiT Placement Fund Release Fund Resource Centre Fund Reimagine Fund Sozo Fund Trackers and Colts Fund Who Let The Dads Out |
Balance Balance 01-Apr-23 Income Expenditure Transfers 31-Mar-24 £ £ £ £ £ 83 - (5,854) 7,000 1,229 545 - (1,074) 1,200 671 119 745 (852) - 12 5 - - - 5 1,129 - - - 1,129 7,500 - (1,000) - 6,500 26 - - - 26 1 - - - 1 545 5,000 - (5,000) 545 290 - (432) 200 58 129,903 27,240 (17,379) (4,600) 135,164 2,273 - - - 2,273 355 - - - 355 546 820 (744) - 622 559 581 (472) - 668 143,879 34,386 (27,807) (1,200) 149,258 |
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HOOLE BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024
5. DESIGNATED FUNDS (Continued)
The 2023/24 transfers between funds represent:
----- Start of picture text -----
£
MiT Placement Fund (5,000) Training stipend for Minister in Training
Resource Centre Fund 1,200 For the future purchase of a new building
Resource Centre Fund (5,800) For the new boiler and repairs to roof
(9,600)
----- End of picture text -----
PREVIOUS FINANCIAL YEAR
| Building Fund Computer Fund D'Biz Fund Mission Fund Mission (short term) Fund Mission (long term) Fund Messy Church Missional Communities Fund MiT Placement Fund Release Fund Resource Centre Fund Reimagine Fund Sozo Fund Storehouse Trackers and Colts Fund Who Let The Dads Out |
Balance Balance 01-Apr-22 Income Expenditure Transfers 31-Mar-23 £ £ £ £ £ 549 - - (466) 83 3,009 - (2,530) 66 545 119 - - - 119 5 - - - 5 2,429 - (1,900) 600 1,129 6,700 - (1,000) 1,800 7,500 26 - - - 26 885 - (884) - 1 - 2,212 - (1,667) 545 759 105 (574) - 290 74,123 53,580 - 2,200 129,903 2,305 - (432) 400 2,273 355 - - - 355 (1) - - 1 - 546 - - - 546 409 400 (250) - 559 92,218 56,297 (7,570) 2,934 143,879 |
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HOOLE BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024
5. DESIGNATED FUNDS (continued)
Designated Fund purposes:
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.
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. The fund is no longer in use.
Minister in Training Placement fund was set up March 2023 to receive grant from North Western Baptist Association for the stipend for Katharine McPhail who is training with us until Summer 2024.
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
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 2024
6. RESTRICTED FUNDS
CURRENT FINANCIAL YEAR
| CWaC (Youth) Crossroads Healing Rooms Fund Hope Community Church Messy Church Renew Shout Fund Streetworx Youth Alpha Fund |
Balance Balance 01-Apr-23 Income Expenditure Transfers 31-Mar-24 £ £ £ £ £ - - (553) 1,594 1,041 - 10,831 (10,547) - 284 277 30 - - 307 - 29,899 (2,468) (20,833) 6,598 206 - - - 206 276 - - - 276 101 132 - (233) - 1,941 - - (1,941) - 348 3,063 (4,123) 540 (172) 3,149 43,955 (17,691) (20,873) 8,540 |
|---|---|
| The 2024/23 transfers between funds represent: £ CWAC (Youth) 1,941 CWAC (Youth) (347) Hope Community Church (20,833) Shout (233) Streetworx (1,941) Youth Alpha Fund 347 Youth Alpha Fund 193 |
Transfer funds from closed Streetworx Fund to CWAC (Youth) fund From CWAC (Youth) to Youth Alpha for Youth Leader costs Transfer to General Funds for N Stanton Salary costs. Transfer to General Funds as no longer in use Transfer funds from closed Streetworx Fund to CWAC (Youth) fund From CWAC (Youth) to Youth Alpha for Youth Leader costs From general funds for HBC Leaders costs |
|---|---|
| (20,873) |
The Trustees confirm that all transfers out of restricted funds have been lawfully released and agreed with the donors, where necesaary.
PREVIOUS FINANCIAL YEAR
| CWaC (Youth) Crossroads Healing Rooms Fund Messy Church Renew Shout Fund Streetworx Worship PA Fund Youth Alpha Fund |
Balance Balance 01-Apr-22 Income Expenditure Transfers 31-Mar-23 £ £ £ £ £ (32) - - 32 - 26,521 18,860 (33,638) (11,743) - 240 160 (23) (100) 277 206 - - - 206 806 - (530) - 276 637 1,630 (2,166) - 101 1,941 - - - 1,941 (277) - - 277 - 284 7,037 (7,293) 320 348 30,326 27,687 (43,650) (11,214) 3,149 |
|---|---|
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HOOLE BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024
6. RESTRICTED FUNDS (continued)
Restricted Fund Purposes:
CWaC (Youth Work) fund is money given by local councillors and other organisations for our youth work. Funds from the closed Streetworx account have been transferred into this fund.
Crossroads fund relates to the support of a new project launched in April 2020 to supply emergency food parcels and affordable food through our greenway grocer project. Crossroads Community Hub was registered as a CIC in 2022 and now has a separate bank account. This restricted fund is used for the running of the Peugeot Boxer Van (regsn. no. HN61 TVL)
We the Trustees agree HBC would pay for insurance, tax and repairs for the van in the financial year April 2023 to March 2024 as a gift to CC Hub CIC Ltd recognising that HBC has use of the van on Sunday for moving equipment for the Sunday Gatherings.
Healing Rooms Fund set up on 1.4.17 which relates to any funding used directly for Healing Rooms Ministry.
Hope Community Church fund receives salary and support for Neal Stanton.
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.
Shout Fund is money given by another church charity for a joint youth venture. The fund was closed in 2023 and is no longer in use.
Streetworx Fund relates to income and expenditure for the Streetworx youth project which runs panna cage football sessions in conjunction with the local police. This fund hasn’t seen any financial change since 2018 and has subsequently closed their bank account. In September 2023 the funds were transferred to HBC and placed in the CWAC youth fund. The fund is no longer in use.
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 Debtors 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 2024
7. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Unrestricted | Designated | Restricted | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 31-Mar-24 | 31-Mar-23 | |
| £ | £ | £ | £ | £ | |
| Fixed Assets | 84,000 | - | - | 84,000 | 84,179 |
| Net Current Assets | 4,655 | 149,258 | 8,540 | 162,453 | 153,086 |
| - | |||||
| 88,655 | 149,258 | 8,540 | 246,453 | 237,265 | |
| 8. CASH AT BANK AND IN HAND | |||||
| Cash at Bank & in Hand | Unrestricted Funds £ 4,750 |
Designated Funds £ 149,258 |
Restricted Funds £ 7,850 |
Total 31-Mar-24 £ 161,858 |
Total 31-Mar-23 £ 142,710 |
| 4,750 | 149,258 | 7,850 | 161,858 | 142,710 | |
| 9. DEBTORS AND PREPAYMENTS | |||||
| Gift Aid Tax Recoverable | Unrestricted Funds £ 1,988 |
Designated Funds £ - |
Restricted Funds £ 690 |
Total 31-Mar-24 £ 2,678 |
Total 31-Mar-23 £ 11,605 |
| 1,988 | - | 690 | 2,678 | 11,605 | |
| 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| Independent Examiner's Fee | Unrestricted Funds £ 1,170 |
Designated Funds £ - |
Restricted Funds £ - |
Total 31-Mar-24 £ 1,170 |
Total 31-Mar-23 £ 1,152 |
| Pension Contributions | 913 | - | - | 913 | 77 |
| 2,083 | - | - | 2,083 | 1,229 |
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.
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HOOLE BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024
12. STAFF COSTS AND NUMBERS
| Gross Wages & Salaries Stipend Employer's National Insurance Costs Employer's Allowance Employer Pension Contributions Employer Pension Contributions (backdated) |
TOTAL 2023/24 £ 184,847 530 13,111 (5,000) 5,885 570 199,943 |
TOTAL 2022/23 £ 152,856 - 10,723 (5,000) 4,651 - 163,230 |
|---|---|---|
Actual number of employees who were engaged in each of the following activities:
| TOTAL 2023/24 Charitable Activities 6 Support 3 Management 4 13 Employee numbers represent: At 31st March 2024: 3 full time and 10 part time staff members At 31st March 2023: 3 full time and 6 part time staff members |
TOTAL 2022/23 3 2 4 9 |
|---|---|
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 2023/24 was £5,885 plus a backdated amount of £570 for a previous year underpayment (2022/23: £4,651).
The Charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess of £60,000. (2022/23:None).
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HOOLE BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024
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 (2022/23: None).
Hoole Baptist Church received a gift of £12,000 (2022/23: £14,500) towards salary costs, and £3,000 (2022/23: £3,250) towards use of office space 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 £6,360 (2022/23: £6,360) towards salary costs from Link Up West Cheshire (registered charity number 1158678). Hoole Baptist Church also gave a local mission gift of £660 (2022/23: £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 (2022/23: £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 (2022/23: £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 £27,971 (2022/23: £26,634) 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 (2022/23: £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 £26,754 (2022/23: £25,480) in gross salary related payments in his capacity as Associate Leader in furthering the Charity's objects .
The above payments are permitted as per clause 20 of the charity's governing document.
A one-off gift of £1,000 was given to Trustee S Glover in recognition of the time, energy and other resources she has given to the church.
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
Three Trustees donated an aggregate amount of £9,960 to the charity during the financial year (2022/23: Four Trustees donated an aggregate amount of £17,960). 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 2024
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.
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