## **Trustees’ Annual Report for the period** 

**From 1 January 2022   To 31 December 2022** 

**Charity name:                              Hooe Baptist Church Charity registration number:     1187358** 

## **Objectives and Activities** 


**----- Start of picture text -----**<br>
SORP<br>referenc<br>e<br>Summary of the purposes of  Para  The principal purposes of the church are<br>1.17<br>the charity as set out in its  the advancement of the Christian faith<br>governing document according to the principles of the Baptist<br>denomination and to advance education<br>and carry out other charitable purposes in<br>the United Kingdom and/or other parts of<br>the world.<br>Summary of the main  Para  The activities may include:<br>1.17<br>activities in relation to those  and  • regular public worship, prayer, Bible<br>purposes for the public  1.19 study, preaching and teaching;<br>benefit, in particular, the  • baptism, as defined in the Baptist<br>activities, projects or  Union’s Declaration of Principle;<br>services identified in the  • the Communion of the Lord’s Supper<br>accounts. which shall normally be observed at least<br>once a month;<br>• evangelism and mission, locally,<br>regionally, nationally and internationally;<br>• the teaching, encouragement, welcome<br>and inclusion of young people;<br>• nurture and growth of Christian<br>disciples;<br>• education and training for Christian and<br>community service;<br>• giving and encouraging pastoral care;<br>• supporting and encouraging charitable<br>social action in the United Kingdom and<br>abroad;<br>• encouraging relationships with and<br>supporting Baptists and other Christians.<br>Statement confirming  Para  In establishing the CIO and throughout its<br>1.18<br>whether the trustees have  existence, the trustees have given due<br>had regard to the guidance  regard to Charity Commission guidance.<br>issued by the Charity<br>Commission on public<br>benefit<br>**----- End of picture text -----**<br>


The charitable incorporated organisation (CIO) was approved by the Charity Commission on 14 January 2020. 



## **Achievements and Performance** 


**----- Start of picture text -----**<br>
SORP<br>reference<br>Summary of the main  Hooe Baptist Church returned to a full<br>achievements of the  programme of activities and services in<br>charity, identifying the  2022. Work with toddlers, young people and<br>difference the charity’s  Para 1.20 drop-in facilities for the community were<br>work has made to the  provided alongside weekly worship services.<br>circumstances of its  The church partnered with Plymouth<br>beneficiaries and any  Ukraine Medical Aid (PUMA) in 2022 and<br>wider benefits to society  served as a local donation collection point.<br>as a whole. Supported by Plymouth City Council, the<br>church ran a community cream tea to<br>celebrate the Platinum Jubilee of the late<br>Queen.<br>**----- End of picture text -----**<br>


## **Financial Review** 


**----- Start of picture text -----**<br>
Review of the charity’s  Para 1.21 The CIO received £47,358 in 2022 and made<br>financial position at the  payments totalling £48,772. The net loss<br>end of the period was £1,414. This was covered by reserves.<br>Statement explaining the Para 1.22 The CIO maintains a reserves policy.<br>policy for holding  Reserves are held to ensure that short-term<br>reserves stating why they fluctuations in income do not disrupt the<br>are held activities of the CIO, to allow time for a<br>considered reaction to any sustained decline<br>in income, and for emergency repairs to<br>properties.<br>Amount of reserves held Para 1.22 The CIO held reserves of £24,000 as at 31<br>December 2022.<br>Reasons for holding zero  Para 1.22 Not applicable.<br>reserves<br>Details of fund materially Para 1.24 Not applicable.<br>in deficit<br>Explanation of any  Para 1.23 There are no uncertainties.<br>uncertainties about the<br>charity continuing as a<br>going concern<br>**----- End of picture text -----**<br>


## **Structure, Governance and Management** 

Description of charity’s trusts: Type of governing Para 1.25 Trust deed. document How is the charity Para 1.25 CIO. constituted? Trustee selection Para 1.25 Trustees are elected by the members. The methods including details minister of the church (appointed by the of any constitutional members) is an _ex officio_ trustee. provisions 

## **Reference and Administrative details** 

Charity name Hooe Baptist Church Other name the charity Not applicable 




**----- Start of picture text -----**<br>
uses<br>Registered charity  1187358<br>number<br>Charity’s principal  Hooe Baptist Church<br>address 29 Hooe Road, Hooe, Plymouth. PL9 9QS<br>**----- End of picture text -----**<br>


## **Names of the charity trustees who managed the charity as at 31 December 2022** 


**----- Start of picture text -----**<br>
Name of person (or body)<br>Dates acted if not for<br>Trustee name Office (if any) entitled to appoint trustee<br>whole year<br>(if any)<br>Hannah J  Minister Members<br>1<br>Freeland<br>2 Robert G Ashurst Treasurer Members<br>3 Jean M Osmond Secretary Members<br>4 Janet Crawford To 22/03/2022 Members<br>5 Sally L Dunne Members<br>6 Brian T Rogers To 22/03/2022 Members<br>7 Gillian K Webster Members<br>8 Kerry Moore From 22/03/2022 Members<br>**----- End of picture text -----**<br>


There are no corporate trustees 

The CIO operates property at 29 Hooe Road, Plymouth, and 1 Stefan Close, Plymouth. Both properties are held in trust on behalf of the CIO by the Baptist Union Corporation. 

The charity did not hold any funds on behalf of others, as custodian trustee, in 2022. 

## **Name of chief executive or names of senior staff members** 

Rev. Hannah J. Freeland - Minister 

## **Exemptions from disclosure** 

No exemptions. 

## **Declarations** 

**The trustees declare that they have approved the trustees’ report above.** 

**Signed on behalf of the charity’s trustees** 



## **Signature(s)** 



**Full name(s)** Hannah Jane Freeland Jean Margaret Osmond **Position** Chair Secretary **Date** 30 June 2023 




29 Hooe Road, Hooe, Plymouth, Devon, PL9 9QS www.hooebap<st.org.uk 

"To know God, to serve Him, and to make Jesus known to all” 

## **Hooe Baptist Church** 

## **Annual Accounts** 

## **2022** 

## Prepared by HBC Treasurer: Mr Robert Ashurst 

## Independent Examiner: Mr Hugh Rodway 

Hooe Baptist Church is a Charitable Incorporated Organisation Registered Charity Number 1187358 

Hooe Baptist Church complies with all guidance and requirements of The Charity Commission and The Charities Act 2011 

Page  of 1 13 



Report of the Independent Examiner to the Trustees of Hooe Baptist Church on
accounts for the year ended 31st December 2022 as set out in this report
As the Charity's trustees you are responsible for the preparation of the accounts.
You have determined that the accounting requirements of section 132 ofthe
Charities Act 2011 do not apply, and have instead applied the provisions of
section 133 of the Act.
It is my responsibility to state. on the basis of procedures specified in the General
Directions given by the Charity Commissioners under theAct, whether particular
matters have come to my attention.
My examination was carried out in accordance with the above mentioned Directions.
My 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
consideralion of any unusual items or disclosures in the accounts, and seeking
explanations from the tnjstees concerning any such matters. The procedures
undertaken do not provide all the evidence that would be required in an audit opinion
of the wew given by the accounts.
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
a. to keep accounting records in accordance with section 130 of the Act- and
b. to prepare accounts which accord with the accounting records and to comply
with the accounting requirements of the Act have not been met.. or
2. to which, in my opinion, attention should be drawn in orderto enable a proper
understanding of the accounts to be reached.
Signed:
Date..
Hugh Rodway
21 Maudlin Drive
Teignmouth
TQ14 8RZ
Hug
way
Page?of13

## **2022 Summary of Accounts** 

||||**2022**|||
|---|---|---|---|---|---|
|||Undesignated|Designated|Restricted|**Total**|
|||£|£|£|**£**|
|Balance b/fwd||36,076.19|11,394.19|5,032.31|**52,502.69**|
|Total Receipts||42,768.15|2,675.09|1,915.00|**47,358.24**|
|Total Payments||43,697.71|3,832.99|1,241.91|**48,772.61**|
|**Balance c/fwd**||**35,146.63**|**10,236.28**|**5,705.40 **|**51,088.32**|
|Represented by:|at 31 December 2021|||at 31 December 2022||
|Bank balance - CAF|Cash|16,554.55||7,316.76||
|Bank balance - CAF|Gold|20,000.62||32,122.17||
|Bank balance - HSBC||7,502.32||0.00||
|plus Debtors||8,445.20||11,649.39||
|less Creditors||0.00||0.00||
|**Adjusted bank balance**||**52,502.69**||**51,088.32**||
||||**_2021_**|||
|||_Undesignated_|_Designated_|_Restricted_|**Total**|
|||_£_|_£_|_£_|**£**|
|Balance b/fwd||_0.00_|_0.00_|_0.00_|_0.00_|
|Total Receipts||_18,591.45_|_2,098.97_|_500.00_|_21,190.42_|
|Total Payments||_16,419.04_|_313.75_|_86.35_|_16,819.14_|
|Transfer from the||||||
|Unincorporated||_33,903.78_|_9,608.97_|_4,618.66_|_48,131.41_|
|Association||||||
|**_Balance c/fwd_**||_36,076.19_|_11,394.19_|_5,032.31_|_52,502.69_|



Page  of 3 13 



## **Hooe Baptist Church Receipts and Payments Account for 2022** 

## **Restricted Funds** 

||£||£|
|---|---|---|---|
||**2022**|Note|**_2021_**|
|**Receipts: Restricted:**||||
|Grants|1,290.00||_500.00_|
|Payments from SWBA (Network minister)|625.00||_0.00_|
|**TOTAL**|**1,915.00**||**500.00**|
|**Payments: Restricted**||||
|Hall renovation|0.00||_86.35_|
|New computer equipment|1,059.92||_0.00_|
|Community initiatives|181.99||_0.00_|
|**TOTAL**|**1,241.91**||**_86.35_**|
|**Surplus (deficit) for the year**|673.09||_413.65_|
|**Balance bought forward from previous year**|5,032.31||_0.00_|
|**Transfer from the Unincorporated**<br>**Association**|**0.00**||**_4,618.66_**|
|**BALANCE CARRIED FORWARD**|**5,705.40**||**5,032.31**|
|**Breakdown:**||||
|For facilitating the church’s community initiatives|5,080.40||_5,032.31_|
|For the network minister role|625.00||_0.00_|
|**BALANCE CARRIED FORWARD**|**5,705.40**||**5,032.31**|



Page  of 4 13 



## **Hooe Baptist Church Receipts and Payments Account for 2022** 

## **Designated Funds** 

||£||£|
|---|---|---|---|
||**2022**|Note|**_2021_**|
|**Receipts: Designated:**||||
|For Other Causes|2,204.47|6|_1,385.85_|
|Designated Donations|20.00||_451.24_|
|Income Tax Recovered on designated gifts|450.62|5|_261.88_|
|**TOTAL**|**2,675.09**||**_2,098.97_**|
|**Payments: Designated**||||
|For other causes|3,306.00|6|_313.75_|
|Pastoral|18.00||_0.00_|
|Premises and equipment|508.99||_0.00_|
|**TOTAL**|**3,832.99**||**313.75**|
|**Surplus (deficit) for the year**|-1,157.90||_1,785.22_|
|**Balance bought forward from previous**<br>**year**|**11,394.19**||**_0.00_**|
|**Transfer from the Unincorporated**<br>**Association**|**0.00**||**_9,608.97_**|
|**BALANCE CARRIED FORWARD**|**10,236.29**||**_11,394.19_**|
|**Breakdown:**||||
|Mission Balance c/fwd|1,072.64||_1,072.64_|
|Pastoral Balance c/fwd|2,444.27||_2,462.27_|
|Premises Balance c/fwd|3,291.24||_3,800.23_|
|Youth Account c/fwd|1,117.58||_1,117.58_|
|In memory of Pamela Miller c/fwd|506.24||_486.24_|
|Payable to other causes|1,804.32||_2,455.23_|
|**BALANCE CARRIED FORWARD**|**10,236.29**||**_11,394.19_**|



Page  of 5 13 



## **Hooe Baptist Church Receipts and Payments Account for 2022** 

## **Undesignated Funds** 

||£||£|
|---|---|---|---|
|**Receipts: Undesignated:**|**2022**|Note|**_2021_**|
|Giving|32,527.25|4|_14,608.30_|
|Income Tax Recovered on Undesignated Gifts|7,580.82|5|_3,356.07_|
|Electricity refund|441.78||_367.46_|
|Interest received|131.91||_0.62_|
|Other income, including use of premises|2,086.39||_259.00_|
|**TOTAL**|**42,768.15**||**_18,591.45_**|
|**Payments: Undesignated:**||||
|Ministry|19,217.59|7|_7,818.91_|
|Running costs||||
|Pension deficit contributions|2,191.36|8|_1,539.75_|
|Manse|2,737.19|9|_1,186.12_|
|Church Building|5,240.65|10|_1,413.31_|
|Administration|3,653.22|11|_965.95_|
|Premises and maintenance|807.64|12|_0.00_|
|Mission, outreach and youth|1,557.06|13|_105.00_|
|To Other Causes|8,293.00|6|_3,390.00_|
|**TOTAL**|**43,697.71**||**_16,419.04_**|
|**Surplus (deficit) for the year**|-929.56||_2,172.41_|
|**Balance bought forward from previous year**|**36,076.19**||**_0.00_**|
|**Transfer from the Unincorporated**<br>**Association**|**0.00**||**_33,903.78_**|
|**BALANCE CARRIED FORWARD**|**35,146.63**||**36,076.19**|



Page  of 6 13 



## **Statement of Assets and Liabilities as at 31st December 2022** 

||**2022**|Note|**_2021_**|
|---|---|---|---|
|**Assets**|£||_£_|
|Bank accounts|39,438.93||_44,057.49_|
|Debtors|11,649.39|16|_8,445.20_|
|Held for Church's Own Use|1,363,099.00|15|_1,229,989.00_|
|**Liabilities**||||
|Creditors|0.00|16|_0.00_|
|Baptist Pension Scheme:||||
|Employer Shortfall Contribution to the now<br>closed Defined Benefit Plan|<br>42.00|8|_16,873.92_|
|Contributions paid during the year:|£2,191.36||_1,539.75_|



The accounts and statement of assets and liabilities set out in this report and relating to the year ending 31st December 2022 are a true and accurate record of the financial activity of the Charitable Incorporated Organisation known as Hooe Baptist Church and have been approved by the managing trustees of the charity. 

eSigned: Date: 25 March 2023 _RGAshurst_ 

Hooe Baptist Church Treasurer 

Page  of 7 13 



## **Notes to the accounts:** 

_**Note 1**_ - These accounts are prepared on a Receipts and Payments basis in accordance with the requirements of the Charities Act 2011 and guidance from The Charity Commission. However, adjustments are made in respect of outstanding transactions at the end of each year, in particular to recognise the amount of the Gift Aid tax reclaim payment awaited from HMRC in respect of donations made during the accounting year, in order to avoid significant distortions from year to year. 

_**Note 2**_ - The Charitable Incorporated Organisation (CIO) known as Hooe Baptist Church was established to take on the activities, assets and liabilities of the unincorporated association also known as Hooe Baptist Church. Formal recognition of the CIO as a charity was granted by the Charity Commission on 14 January 2020 and it was allocated the Registered Charity Number 1187358. 

_**Note 3**_ - In practice it was not until 1 August 2021 that the activities, assets and liabilities of the unincorporated association were transferred to the CIO. As a result of this, the 2021 figures shown in these accounts cover only the 5 months from 1 August to 31 December 2021, but the 2022 figures cover 12 months. In order to obtain a meaningful comparison between 2021 and 2022, the 2021 figures in these accounts need to be aggregated with those for the unincorporated association over 2021. 

||||**2022**|**2022**||_2021_|
|---|---|---|---|---|---|---|
|||UndesignatedDesignated||Restricted|Total|_Total_|
|Note||£|£|£|£|_£_|
|4|**Giving**||||||
||Oferings and donations - Gift<br>Aid + GASDS|30,323.25|1,802.47||32,125.72|_14,471.80_|
||Oferings and donations - non-<br>Gift Aid|2,204.00|422.00|500.00|3,126.00|_2,473.59_|
||**Total**|**32,527.25**|**2,224.47**|**500.00**|**35,251.72**|**16,945.39**|
||**Income tax recovered**on||||||
|5|gifts to the church, via|7,580.82|450.62|0.00|8,031.44|_3,617.95_|
||HMRC gift aid scheme||||||
|**6**|**Raised for Other Causes (including assigned gift aid)**||||||
||Release International||153.75||153.75|_201.88_|
||BMS World Mission - Relief<br>Fund and Ukraine appeal||583.50||583.50|_37.50_|
||BMS World Mission -<br>Harvest Appeal||287.84||287.84|_105.00_|
||Avail Bolivia||147.50||147.50|_176.25_|
||Macmillan Cancer Support||0.00||0.00|_113.35_|
||International Nepal Fellowship||75.00||75.00|_300.00_|



Page  of 8 13 



|Prison Fellowship - Angel<br>Tree||0.00||0.00|_363.75_|
|---|---|---|---|---|---|
|Tearfund||527.50||527.50|_221.25_|
|Mission Aviation Fellowship||125.00||125.00|_31.25_|
|Shekinah Mission||75.00||75.00|_31.25_|
|D&C Refugee Centre||125.00||125.00|_31.25_|
|Children’s Society||186.25||186.25|_0.00_|
|DCBC Allotment Fund||87.50||87.50|_0.00_|
|Plymouth Food Bank||75.00||75.00|_0.00_|
|Wycliffe Bible Translators||206.25||206.25|_0.00_|
|**Total**|**0.00**|**2,655.09**|**0.00**|**2,655.09**|**1,612.73**|
|**Paid or due to Other Causes**|**(including assigned gift aid)**|||||
|Home Mission|3,372.00|||3,372.00|_1,360.00_|
|BMS World Mission -<br>General|3,372.00|||3,372.00|_1,360.00_|
|BMS World Mission - Relief<br>Fund and Ukraine appeal|125.00|621.00||746.00|_37.50_|
|BMS World Mission -<br>Harvest Appeal||641.59||641.59|_105.00_|
|Avail Bolivia|504.00|376.25||880.25|_376.25_|
|Macmillan Cancer Support||113.35||113.35|_113.35_|
|Tearfund||1,021.25||1,021.25|_221.25_|
|Prison Fellowship - Angel<br>Tree||81.25||81.25|_363.75_|
|CRP Schools Project|168.00|||168.00|_200.00_|
|International Nepal<br>Fellowship||562.50||562.50|_300.00_|
|Interserve|504.00|||504.00||
|Wycliffe Bible Translators|80.00|206.25||286.25|_200.00_|
|Mission Aviation Fellowship||363.75||363.75|_31.25_|
|Shekinah Mission||48.75||48.75|_31.25_|
|Plymouth Street Pastors|168.00|||168.00|_70.00_|
|D&C Refugee Centre||366.25||366.25|_31.25_|
|Children’s Society||190.00||190.00||
|DCBC Allotment Fund||87.50||87.50||
|Plymouth Food Bank||75.00||75.00||
|Release International||355.63||355.63|_201.88_|
|**Total**|**8,293.00**|**5,110.32**|**0.00**|**13,403.32**|**5,002.73**|



Page  of 9 13 



Of the £5,110.32 paid or due within the Designated Fund, £3,306.00 was paid out during the year and £1,804.32 was due to be paid out as at 31 December 2022 

|**7**|**Ministry**||||||
|---|---|---|---|---|---|---|
||Stipend and pension|18,622.59|0.00|0.00|18,622.59|_7,653.91_|
||Ministry Expenses|0.00|0.00|0.00|0.00|_0.00_|
||Pulpit Expenses|595.00|0.00|0.00|595.00|_165.00_|
|||**19,217.59**|**0.00**|**0.00**|**19,217.59**|**7,818.91**|



## **8 Pension Scheme** 


The Church is a participating employer in respect of both the Defined Contribution (DC) and Defined Benefit (DB) Plans within the Baptist Pension Scheme. In addition to standard employer contributions made to the DC Plan in respect of a current scheme member, an employer deficit contribution to the now closed DB Plan arises when that plan has a shortfall of assets against liabilities. A more detailed statement about the deficit contributions can be found in Appendix 1. 

||||**2022**|**2022**||_2021_|
|---|---|---|---|---|---|---|
|||Undesignated Designated||Restricted|Total|_Total_|
|||£|£|£|£|_£_|
|**9**|**Upkeep of Manse**||||||
||Council Tax|1,779.09|||1,779.09|_735.00_|
||Water Charges|395.86|||395.86|_217.12_|
||Communications|562.24|||562.24|_234.00_|
|||**2,737.19**|**0.00**|**0.00**|**2,737.19**|_1,186.12_|
|**10**|**Upkeep of Church**||||||
||Broadband|460.80|||460.80|_192.00_|
||Utilities|2,274.85|||2,274.85|_581.31_|
||Cleaning|2,505.00|||2,505.00|_640.00_|
|||**5,240.65**|**0.00**|**0.00**|**5,240.65**|**_1,413.31_**|
|**11**|**Administration**||||||
||Insurances|1,702.25|||1,702.25|_0.00_|
||Subscriptions and Licences|1,234.59|||1,234.59|_80.76_|
||Website|129.00|||129.00|_99.00_|
||Legal fees|0.00|||0.00|_667.20_|
||Bank charges|143.90|||143.90|_47.00_|
||Other sundry items|443.48|||443.48|_71.99_|
|||**3,653.22**|**0.00**|**0.00**|**3,653.22**|**965.95**|



Page 10 of 13 



|**12**|**Equipment and maintenance**||||||
|---|---|---|---|---|---|---|
||Church maintenance|400.16||86.35|486.51|_86.35_|
||Manse maintenance|407.48|||407.48|_0.00_|
|||**807.64**|**0.00**|**86.35**|**893.99**|**_86.35_**|
|**13**|**Mission, outreach and youth**||||||
||Mission, outreach and youth|89.43|||89.43|_0.00_|
||Training|1,040.00|||1,040.00|_0.00_|
||Youth|427.63|||427.63|_105.00_|
|||**1,557.06**|**0.00**|**0.00**|**1,557.06**|**_0.00_**|
|**14**|**Financial Reserve**||||||
||The Undesignated funds include|a fnancial reserve of £24,000. This reserve target was set in|||||
||2011 and reached in November 2015. It has remained unchanged since then, but is|||||due for|
||review.||||||



## **15 Non-Monetary Assets Held for Church's own use** 


Hooe Baptist Church is the beneficial owner, subject to any relevant trusts, to the assets listed below. The legal title to all assets listed is held by the Church's custodian trustee, the Baptist Union Corporation. 

||Union Corporation.|||
|---|---|---|---|
|||**Asset Values**||
|||**2022**|_2021_|
||Church Premises at 29 Hooe Rd, Plymouth|£|_£_|
||- Insured Value|899,890|_810,712_|
||Church Fittings and Equipment|||
||- Insured Value|93,424|_84,854_|
||Church Manse at 1 Stefan Close, Plymouth|||
||- Insured Value|359,785|_324,423_|
||Church Manse - Contents|||
||- Insured Value|10,000|_10,000_|
||**Total**|**1,363,099**|**_1,229,989_**|
|**16**|**Creditors and debtors**|||
|||**2022**|_2021_|
||**_Debtors_**|||
||Gift aid tax reclaim to 31 December|11,649.39|_8,445.20_|
||**Total**|**11,649.39**|**_8,445.20_**|
||**_Creditors_**|||
||Unprocessed payments|0.00|_0.00_|
||**Total**|**0.00**|**0.00**|



Page 11 of 13 



**Hooe Baptist Church - Associated Accounts 2022** 

|**Organisation**|**Opening**<br>**balance**|**Receipts**|**Payments /**<br>**Transfers**|**Closing**<br>**balance**|
|---|---|---|---|---|
||£|£|£|£|
|**1st Hooe Girls’ Brigade**_(Accounting year runs from 1 August - 31 July)_|||||
|_Accounts are kept by Mrs Jean Osmond and are independently checked_|||||
|2021 - 2022|1,154.27|2,257.05|2,055.69|_1,355.63_|
|_2020 - 2021_|_1,098.51_|_1,352.00_|_1,296.24_|_1,154.27_|



## **“Friends” Group** _(Cash account)_ 

This group did not resume after the Covid lockdowns ended, so the balance of £387.99 was paid into the Church’s undesignated fund during 2022. The coffee drop-in which replaced it does not operate with a separate cash account, but holds a cash float. When this builds up to a level beyond what is needed for operational purposes, the excess is paid into the Church’s Undesignated Fund 

## **“Hooerays” Group** _(Cash account)_ 

The group no longer operates a separate cash account, but instead holds a cash float. When this builds up to a level beyond what is needed for operational purposes, the excess is paid into the Church’s Undesignated Fund 

## **Hooe Youth Bank Account** 

This account had not been in active use for some years, so in 2021 the balance of £1,117.58 was transferred into the Church’s designated fund and the account was closed. 

Page 12 of 13 



## _**Appendix 1**_ 

## **Hooe Baptist Church and the Baptist Pension Scheme** 

The Church is an employer participating in a pension scheme known as the Baptist Pension Scheme (“the Scheme”). The Scheme is a separate legal entity which is administered by the Pension Trustee (Baptist Pension Trust Limited). The assets of the Scheme are held separately from those of all the participating employers 

The Minister is eligible to join the Scheme. 

Since January 2012, pension provision has been made through the Defined Contribution (DC) Plan within the Scheme. In general, members pay 8% of their Pensionable Income and employers pay 6% of members’ Pensionable Income into individual pension accounts. In addition, the employer pays a further 4% of Pensionable Income (or 3% if the employer is in the segregated DC section) to cover Death in Service Benefits, administration costs, and an associated insurance policy which provides income protection for Scheme members in the event that they are unable to work due to long-term incapacity. 

Benefits in respect of service prior to 1 January 2012 are provided through the Defined Benefit (DB) Plan within the Scheme. The main benefits for pre-2012 service were a defined benefit pension of one eightieth of Final Minimum Pensionable Income for each year of Pensionable Service, together with additional pension in respect of premiums paid on Pensionable Income in excess of Minimum Pensionable Income. The Scheme, previously known as the Baptist Ministers’ Pension Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011. 

A formal valuation of the Defined Benefit (DB) Plan was performed as at 31 December 2019 by a professionally qualified Actuary using the Projected Unit Method. At the valuation date the market value of the DB Plan assets was £298 million, whilst the level of assets needed to pay benefits was £316m, giving a deficit of £18m (equivalent to a past service funding level of 94%). The Church and the other participating employers in the DB Plan are collectively responsible for funding this deficit. The next actuarial valuation of the DB Plan within the Scheme was due to take place not later than as at 31 December 2022. 

On 30th June 2022 the Trustee of the Baptist Pension Scheme signed an agreement with the insurance company Just Group (“Just”) to secure DB Plan members’ pension benefits. Just are now providing financial backing for all pensions provided through the Scheme’s DB Plan and following this transaction, the Scheme no longer has a shortfall. An updated Recovery plan was then signed in August 2022 under which deficiency contributions from each participating employer in the DB Plan reduced to £1 per month from August 2022. 

As there is a large number of employers participating in the Scheme, the Church is unable to identify its share of the underlying assets and liabilities of the scheme. Accordingly, due to the nature of the Scheme, the accounting charge for the period represents the employer contributions payable. 

The total pension cost for the Church in respect of the DB Plan in 2022 was £2,191.36 (2021 £3,695.40, of which £1,539.75 was paid by the CIO). 

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29 Hooe Road, Hooe,
Plymouth, Devon,
PL9 9QS
www.hooebaptist.org.uk
HOOE
"To know God, to serve
Him, and to make Jesus
known to all"
BAPTIST CHURCH
Hooe Baptist Church
Annual Accounts
2022
Prepared by HBC Treasurer.. Mr Robert Ashurst
Independent Examiner: Mr Hugh Rodway
Hooe Baptist Church is a Charitable Incorporaled Organisation
Registered Charity Number 1187358
Hooe Baptist Church complies with all guidance and requirements of
The Charity Commission and The Charities Act 2011
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Report of tne Independent Examiner to the Trustees of Hooe Baptist Church on
accounts for the year ended 31st December 2022 as set out in thbs report
As the Charity's trustees you are responsible for the preparation of the accounts.
Ynij hAvp. dptp.rminpd th2t thp. Accounting requirements of section 132 of the
Charities Act 2011 do not apply, and have instead applied the provisions of
section 133 of the Act.
It is my responsibility to state. on the basis of procedures specified in the General
Directions given by the Charity Commissioners under the Act. whether particular
matters have wffle to my attention.
My examination was carrFed out in accordance with the above mentioned Directions.
My examination includes a review ofthe 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 opinion
of the view given by the accounls.
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
a. to keep accounting records in accordance with section 130 of the Act.. and
b. to prepare accounts which accord with the accounting records and to comply
with the accounting requirements of the Act have not been met: or
2. to which, in my opinion, attention should be drawn in order to enable a proper
understanding of thè accounts to be reachÈd_
Signed:
Date:
Hugh R￿WaY
21 Maudlin Drive
Teignmouth
TQ14 8RZ
Hug
way
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