## **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| 2 ## **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 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 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: - 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** 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: 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. ## J Irvinesmith FCIE Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF Date: 21 January 2025 4 ## **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. 5 ## **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: - 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. - 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. - 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. - 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. 6 HOOLE BAPTIST CHURCH TRu￿EEs REI>ORT (Contrnued) FOR THE YEAR ENDED 31ST MARCH 2024 We remain ext￿melY 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 ￿p￿sented 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 su￿tUS 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 COn￿M 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**| |---|---| 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. 8 HOOLE BAPTxsf CHURCH BALANCE SHEET AS AT 31ST MARCH 2024 un￿StrICted 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: - 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. ## **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. 10 ## **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. 11 ## **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**| |---|---| 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. 12 ## **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**
**-**| |---|---| 13 ## **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**| |---|---| 14 ## **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**| |---|---| ## **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**| |---|---| 15 ## **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**| |---|---| 16 ## **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. 17 ## **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**| |---|---| 18 ## **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. 19 ## **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. 20 ## **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). 21 ## **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. 22 ## **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. 23