Trustees’ Annual Report for the period
From 1 January 2023 To 31 December 2023
Charity name: Hooe Baptist Church
Charity registration number: 1187358
Objectives and Activities
| Objectives and Activities | ||
|---|---|---|
| SORP referenc e |
||
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 |
The principal purposes of the church are the advancement of the Christian faith according to the principles of the Baptist denomination and to advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The activities may include: • regular public worship, prayer, Bible study, preaching and teaching; • baptism, as defined in the Baptist Union’s Declaration of Principle; • the Communion of the Lord’s Supper which shall normally be observed at least once a month; • evangelism and mission, locally, regionally, nationally and internationally; • the teaching, encouragement, welcome and inclusion of young people; • nurture and growth of Christian disciples; • education and training for Christian and community service; • giving and encouraging pastoral care; • supporting and encouraging charitable social action in the United Kingdom and abroad; • encouraging relationships with and supporting Baptists and other Christians. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 |
In establishing the CIO and throughout its existence, the trustees have given due regard to Charity Commission guidance. |
The charitable incorporated organisation (CIO) was approved by the Charity Commission on 14 January 2020.
Achievements and Performance
| SORP reference |
||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | Hooe Baptist Church returned to a full programme of activities and services in 2023. Work with toddlers, young people and drop-in facilities for the community were provided alongside weekly worship services. The church continues to partner with Plymouth Ukraine Medical Aid (PUMA) and serves as a local donation collection point. Supported by Plymouth City Council, the church ran a Warm Spaces venue in the final quarter of the year. |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The CIO received £43,655 in 2023 and made payments totalling £44,683. The net loss was £1,028. This was covered by reserves. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The CIO maintains a reserves policy. Reserves are held to ensure that short-term fluctuations in income do not disrupt the activities of the CIO, to allow time for a considered reaction to any sustained decline in income, and for emergency repairs to properties. |
| Amount of reserves held | Para 1.22 | The CIO held reserves of £24,000 as at 31 December 2023. |
| Reasons for holding zero reserves |
Para 1.22 | Not applicable. |
| Details of fund materially in deficit |
Para 1.24 | Not applicable. |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | There are no uncertainties. |
Structure, Governance and Management
| Structure, Governance and Management | Structure, Governance and Management | Structure, Governance and Management |
|---|---|---|
| Description of charity’s trusts: | ||
| Type of governing document | Para 1.25 | Trust deed. |
| How is the charity constituted? |
Para 1.25 | CIO. |
| Trustee selection methods including details of any constitutional provisions |
Para 1.25 | Trustees are elected by the members. The minister of the church (appointed by the members) is an_ex officio_trustee. |
Reference and Administrative details
| Charity name | Hooe Baptist Church |
|---|---|
| Other name the charity uses | Not applicable |
| Registered charity number | 1187358 |
| Charity’s principal address | Hooe Baptist Church 29 Hooe Road, Hooe, Plymouth. PL9 9QS |
Names of the charity trustees who managed the charity as at 31 December 2022
| 1 2 3 4 5 6 7 8 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Hannah J Freeland | Minister | Members | ||
| Robert G Ashurst | Treasurer | Members | ||
| Jean M Osmond | Secretary | Members | ||
| SallyL Dunne | Members | |||
| Gillian K Webster | Members | |||
| KerryMoore | Members | |||
| Stephen Williams | From 2 April 2023 | Members | ||
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 2023.
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) Position Date |
||
|---|---|---|
| Hannah Jane Freeland | Jean Margaret Osmond | |
| Chair | Secretary | |
| 16 May 2024 |
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
2023
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 2023 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 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 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 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 accounts.
In connection with my examination, no matter has come to my attention
-
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
-
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed:
Date: 28 March 2024
Hugh Rodway 21 Maudlin Drive Teignmouth TQ14 8RZ
Page of 2 13
2023 Summary of Accounts
| 2023 | |||||
|---|---|---|---|---|---|
| Undesignated | Designated | Restricted | Total | ||
| £ | £ | £ | £ | ||
| Balance b/fwd | 35,146.63 | 10,236.29 | 5,705.40 | 51,088.32 | |
| Total Receipts | 40,032.26 | 2,373.13 | 1,250.00 | 43,655.39 | |
| Total Payments | 40,161.76 | 2,129.47 | 2,391.79 | 44,683.02 | |
| Internal transfers | 2,190.22 | -2,190.22 | 0.00 | 0.00 | |
| Balance c/fwd | 37,207.35 | 8,289.73 | **4,563.61 ** | 50,060.69 | |
| Represented by: | at 31 December 2022 | at 31 December 2023 | |||
| Bank balance - CAF | Cash | 7,316.76 | 5,471.14 | ||
| Bank balance - CAF | Gold | 32,122.17 | 3,718.32 | ||
| Bank balance - Kingdom Bank |
0.00 | 35,503.42 | |||
| plus Debtors | 11,649.39 | 7,242.81 | |||
| less Creditors | 0.00 | 1,875.00 | |||
| Adjusted bank balance | 51,088.32 | 50,060.69 | |||
| 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 | 10,236.29 | 5,705.40 | 51,088.32 |
Page of 3 13
Hooe Baptist Church Receipts and Payments Account for 2023
Restricted Funds
| £ | £ | ||
|---|---|---|---|
| 2023 | Note | 2022 | |
| Receipts: Restricted: | |||
| Grants | 0.00 | 1,290.00 | |
| Payments from SWBA (Network minister) | 1,250.00 | 625.00 | |
| TOTAL | 1,250.00 | 1,915.00 | |
| Payments: Restricted | |||
| Payments in respect of the Network Minister role |
1,875.00 | 0.00 | |
| New computer equipment | 128.99 | 1,059.92 | |
| Community initiatives | 387.80 | 181.99 | |
| TOTAL | 2,391.79 | 1,241.91 | |
| Surplus (deficit) for the year | -1,141.79 | 673.09 | |
| Balance bought forward from previous year | 5,705.40 | 5,032.31 | |
| BALANCE CARRIED FORWARD | 4,563.61 | 5,705.40 | |
| Breakdown: | |||
| For facilitating the church’s community initiatives | 4,563.61 | 5,080.40 | |
| For the network minister role | 0.00 | 625.00 | |
| BALANCE CARRIED FORWARD | 4,563.61 | 5,705.40 |
Page of 4 13
Hooe Baptist Church Receipts and Payments Account for 2023
Designated Funds
| £ | £ | ||
|---|---|---|---|
| 2023 | Note | 2022 | |
| Receipts: Designated: | |||
| For Other Causes | 1,910.50 | 5 | 2,204.47 |
| Designated Donations | 0.00 | 20.00 | |
| Income Tax Recovered on designated gifts | 462.63 | 4 | 450.62 |
| TOTAL | 2,373.13 | 2,675.09 | |
| Payments: Designated | |||
| For other causes | 1,584.72 | 5 | 3,306.00 |
| Pastoral | 162.58 | 18.00 | |
| Premises and equipment | 382.17 | 508.99 | |
| TOTAL | 2,129.47 | 3,832.99 | |
| Surplus (deficit) for the year | 243.66 | -1,157.90 | |
| Balance bought forward from previous year |
10,236.29 | 11,394.19 | |
| Transfer to Undesignated Funds | 2,190.22 | 16 | 0.00 |
| BALANCE CARRIED FORWARD | 8,289.73 | 10,236.29 | |
| Breakdown: | |||
| Mission Balance c/fwd | 0.00 | 16 | 1,072.64 |
| Pastoral Balance c/fwd | 2,281.69 | 2,444.27 | |
| Premises Balance c/fwd | 2,909.07 | 3,291.24 | |
| Youth Account c/fwd | 0.00 | 16 | 1,117.58 |
| In memory of Pamela Miller c/fwd | 506.24 | 506.24 | |
| Payable to other causes | 2,592.73 | 1,804.32 | |
| BALANCE CARRIED FORWARD | 8,289.73 | 10,236.29 |
Page of 5 13
Hooe Baptist Church Receipts and Payments Account for 2023
Undesignated Funds
| £ | £ | ||
|---|---|---|---|
| Receipts: Undesignated: | 2023 | Note | 2022 |
| Giving | 28,980.70 | 3 | 32,527.25 |
| Income Tax Recovered on Undesignated Gifts | 6,780.18 | 4 | 7,580.82 |
| Electricity refund | 0.00 | 441.78 | |
| Interest received | 960.66 | 131.91 | |
| “Warm Spaces” Council grant | 1,700.00 | 0.00 | |
| Other income, including use of premises | 1,610.72 | 2,086.39 | |
| TOTAL | 40,032.26 | 42,768.15 | |
| Payments: Undesignated: | |||
| Ministry | 19,838.19 | 6 | 19,217.59 |
| Running costs | |||
| Pension deficit contributions | 13.00 | 7 | 2,191.36 |
| Manse | 3,037.55 | 8 | 2,737.19 |
| Church Building | 4,490.78 | 9 | 5,240.65 |
| Administration | 3,675.23 | 10 | 3,653.22 |
| Premises and maintenance | 1,140.95 | 11 | 807.64 |
| Mission, outreach and youth | 393.06 | 12 | 1,557.06 |
| To Other Causes | 7,573.00 | 5 | 8,293.00 |
| TOTAL | 40,161.76 | 43,697.71 | |
| Surplus (deficit) for the year | -129.50 | -929.56 | |
| Balance bought forward from previous year | 35,146.63 | 36076.19 | |
| Transfer from Designated Funds | 2,190.22 | 16 | 0.00 |
| BALANCE CARRIED FORWARD | 37,207.35 | 35,146.63 |
Page of 6 13
Statement of Assets and Liabilities as at 31st December 2023
| 2023 | Note | 2022 | |
|---|---|---|---|
| Assets | £ | £ | |
| Bank accounts | 9,189.46 | 39,438.93 | |
| Debtors | 7,242.81 | 15 | 11,649.39 |
| Held for Church's Own Use | 1,799,652.00 | 14 | 1,363,099.00 |
| Liabilities | |||
| Creditors | 1,875.00 | 15 | 0.00 |
| Baptist Pension Scheme: | |||
| Employer Shortfall Contribution to the now closed Defined Benefit Plan |
30.00 |
7 | 42.00 |
| Contributions paid during the year: | 13.00 | 2,191.36 |
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: 12 March 2024 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.
| 2023 | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| UndesignatedDesignated | Restricted | Total | Total | |||
| Note | £ | £ | £ | £ | £ | |
| 3 | Giving | |||||
| Oferings and donations - Gift Aid + GASDS |
27,120.70 | 1,850.50 | 28,971.20 | 32,125.72 | ||
| Oferings and donations - non- Gift Aid |
1,860.00 | 60.00 | 1,920.00 | 3,126.00 | ||
| Total | 28,980.70 | 1,910.50 | 0.00 | 30,891.20 | 35,251.72 | |
| Income tax recoveredon | ||||||
| 4 | gifts to the church, via | 6,780.18 | 462.63 | 0.00 | 7,242.81 | 8,031.44 |
| HMRC gift aid scheme | ||||||
| 5 | Raised for Other Causes (including assigned gift aid) | |||||
| Release International | 153.75 | 153.75 | 153.75 | |||
| BMS World Mission - Relief Fund |
268.75 | 268.75 | 583.50 | |||
| BMS World Mission - Harvest Appeal |
100.00 | 100.00 | 287.84 | |||
| Avail Bolivia | 143.75 | 143.75 | 147.50 | |||
| Tearfund - Earthquake appeal | 368.75 | 368.75 | 75.00 | |||
| Tearfund | 144.38 | 144.38 | 527.50 | |||
| Mission Aviation Fellowship | 131.25 | 131.25 | 125.00 | |||
| Shekinah Mission | 156.25 | 156.25 | 75.00 | |||
| D&C Refugee Centre | 125.00 | 125.00 | 125.00 | |||
| Children’s Society | 0.00 | 0.00 | 186.25 | |||
| DCBC Allotment Fund | 226.25 | 226.25 | 87.50 |
Page of 8 13
| Plymouth Food Bank | 85.00 | 85.00 | 75.00 | |||
|---|---|---|---|---|---|---|
| Trevi House | 362.50 | 362.50 | 0.00 | |||
| Wycliffe Bible Translators | 107.50 | 107.50 | 206.25 | |||
| Total | 0.00 | 2,373.13 | 0.00 | 2,373.13 | 2,655.09 | |
| Paid or due to Other Causes (including assigned gift aid) | ||||||
| Home Mission | 3,156.00 | 3,156.00 | 3,372.00 | |||
| BMS World Mission - General |
3,156.00 | 3,156.00 | 3,372.00 | |||
| BMS World Mission - Relief Fund and Ukraine appeal |
268.75 | 268.75 | 746.00 | |||
| BMS World Mission - Harvest Appeal |
741.59 | 741.59 | 641.59 | |||
| Avail Bolivia | 480.00 | 143.75 | 623.75 | 880.25 | ||
| Macmillan Cancer Support | 113.35 | 113.35 | 113.35 | |||
| Tearfund | 305.63 | 305.63 | 1,021.25 | |||
| Tearfund - Earthquake | 125.00 | 368.75 | 493.75 | |||
| l | ||||||
| Prison Fellowship - Angel Tree |
0.00 | 81.25 | ||||
| CRP Schools Project | 6.00 | 6.00 | 168.00 | |||
| International Nepal Fellowship |
0.00 | 562.50 | ||||
| Interserve | 482.00 | 482.00 | 504.00 | |||
| Wycliffe Bible Translators | 313.75 | 313.75 | 286.25 | |||
| Mission Aviation Fellowship | 131.25 | 131.25 | 363.75 | |||
| Shekinah Mission | 205.00 | 205.00 | 48.75 | |||
| Plymouth Street Pastors | 168.00 | 168.00 | 168.00 | |||
| D&C Refugee Centre | 125.00 | 125.00 | 366.25 | |||
| Children’s Society | 190.00 | 190.00 | 190.00 | |||
| DCBC Allotment Fund | 313.75 | 313.75 | 87.50 | |||
| Plymouth Food Bank | 85.00 | 85.00 | 75.00 | |||
| Release International | 509.38 | 509.38 | 355.63 | |||
| Trevi House | 362.50 | 362.50 | ||||
| Total | 7,573.00 | 4,177.45 | 0.00 | 11,387.95 | 13,403.32 | |
| Of the £4,177.45 paid or due within the Designated Fund, £1,584.072 was paid out | during | |||||
| the year and £2,592.73 was due | to be paid out as at 31 December 2023 | |||||
| 6 | Ministry | |||||
| Stipend and pension | 18,697.20 | 0.00 | 0.00 | 18,697.20 | 18,622.59 |
Page of 9 13
| Ministry Expenses | 541.99 | 0.00 | 0.00 | 541.99 | 0.00 |
|---|---|---|---|---|---|
| Pulpit Expenses | 599.00 | 0.00 | 0.00 | 599.00 | 595.00 |
| 19,838.19 | 0.00 | 0.00 | 19,838.19 | 19,217.59 |
7 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.
| 2023 | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| Undesignated Designated | Restricted | Total | Total | |||
| £ | £ | £ | £ | £ | ||
| 8 | Upkeep of Manse | |||||
| Council Tax | 1,855.95 | 1,855.95 | 1,779.09 | |||
| Water Charges | 620.00 | 620.00 | 395.86 | |||
| Communications | 561.60 | 561.60 | 562.24 | |||
| 3,037.55 | 0.00 | 0.00 | 3,037.55 | 2,737.19 | ||
| 9 | Upkeep of Church | |||||
| Broadband | 460.80 | 460.80 | 460.80 | |||
| Utilities | 2,715.98 | 2,715.98 | 2,274.85 | |||
| Cleaning | 1,314.00 | 1,314.00 | 2,505.00 | |||
| 4,490.78 | 0.00 | 0.00 | 4,490.78 | 5,240.65 | ||
| 10 | Administration | |||||
| Insurances | 1,643.49 | 1,643.49 | 1,702.25 | |||
| Subscriptions and Licences | 1,137.80 | 1,137.80 | 1,234.59 | |||
| Website | 129.00 | 129.00 | 129.00 | |||
| Bank charges | 62.25 | 62.25 | 143.90 | |||
| Other sundry items | 702.69 | 702.69 | 443.48 | |||
| 3,675.23 | 0.00 | 0.00 | 3,675.23 | 3,653.22 | ||
| 11 | Equipment and maintenance | |||||
| Church maintenance | 246.59 | 382.17 | 628.76 | 486.51 | ||
| Manse maintenance | 894.36 | 894.36 | 407.48 | |||
| 1,140.95 | 382.17 | 0.00 | 1,523.12 | 893.99 | ||
| 12 | Mission, outreach and youth |
Page 10 of 13
| Mission, outreach and youth | 57.10 | 57.10 | 89.43 | |||
|---|---|---|---|---|---|---|
| Training | 83.96 | 83.96 | 1,040.00 | |||
| Youth | 252.00 | 252.00 | 427.63 | |||
| 393.06 | 0.00 | 0.00 | 393.06 | 1,557.06 | ||
| 13 | 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. |
14 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.
| Asset Values | Asset Values | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Church Premises at 29 Hooe Rd, Plymouth | £ | £ | ||
| - Insured Value | 1,266,595 | 899,890 | ||
| Church Fittings and Equipment | ||||
| - Insured Value | 131,611 | 93,424 | ||
| Church Manse at 1 Stefan Close, Plymouth | ||||
| - Insured Value | 391,446 | 359,785 | ||
| Church Manse - Contents | ||||
| - Insured Value | 10,000 | 10,000 | ||
| Total | 1,799,652 | 1,363,099 | ||
| 15 | Creditors and debtors | |||
| 2023 | 2022 | |||
| Debtors | ||||
| Gift aid tax reclaim to 31 December | 7,242.81 | 8,445.20 | ||
| Total | 7,242.81 | 8,445.20 | ||
| Creditors | ||||
| WEB payroll | 1,875.00 | 0.00 | ||
| Total | 1,875.00 | 0.00 | ||
| 16 | Internal transfers | |||
| In accordance with a decision of the Church Meeting on 4 December | 2022, the Mission | |||
| and Youth Account balances within the Designated Fund were transferred to the | ||||
| Undesignated Fund with efect from 1 January 2023. |
Page 11 of 13
Hooe Baptist Church - Associated Accounts 2023
| Organisation Opening balance |
Receipts | Payments / Transfers |
Closing balance |
|---|---|---|---|
| £ | £ | £ | £ |
| 1st Hooe Girls’ Brigade(Accounting year runs from 1 August - 31 July) | |||
| Accounts are kept by Mrs Hilary Fursdon and are independently checked | |||
| 2022 - 2023 1,516.12 |
1,085.45 | 1,329.20 | 1,272.37 |
| 2021 - 2022 1,154.27 |
2,257.05 | 2,055.69 | 1,355.63 |
| Addition of camp fund balance | 160.49 | ||
| 1,516.12 |
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 2023 was £13.00 (2022 £2,191.36).
Page 13 of 13
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
2023
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 2023 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 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 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 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 accounts.
In connection with my examination, no matter has come to my attention
-
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
-
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed:
Date: 28 March 2024
Hugh Rodway 21 Maudlin Drive Teignmouth TQ14 8RZ
Page of 2 13
2023 Summary of Accounts
| 2023 | |||||
|---|---|---|---|---|---|
| Undesignated | Designated | Restricted | Total | ||
| £ | £ | £ | £ | ||
| Balance b/fwd | 35,146.63 | 10,236.29 | 5,705.40 | 51,088.32 | |
| Total Receipts | 40,032.26 | 2,373.13 | 1,250.00 | 43,655.39 | |
| Total Payments | 40,161.76 | 2,129.47 | 2,391.79 | 44,683.02 | |
| Internal transfers | 2,190.22 | -2,190.22 | 0.00 | 0.00 | |
| Balance c/fwd | 37,207.35 | 8,289.73 | **4,563.61 ** | 50,060.69 | |
| Represented by: | at 31 December 2022 | at 31 December 2023 | |||
| Bank balance - CAF | Cash | 7,316.76 | 5,471.14 | ||
| Bank balance - CAF | Gold | 32,122.17 | 3,718.32 | ||
| Bank balance - Kingdom Bank |
0.00 | 35,503.42 | |||
| plus Debtors | 11,649.39 | 7,242.81 | |||
| less Creditors | 0.00 | 1,875.00 | |||
| Adjusted bank balance | 51,088.32 | 50,060.69 | |||
| 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 | 10,236.29 | 5,705.40 | 51,088.32 |
Page of 3 13
Hooe Baptist Church Receipts and Payments Account for 2023
Restricted Funds
| £ | £ | ||
|---|---|---|---|
| 2023 | Note | 2022 | |
| Receipts: Restricted: | |||
| Grants | 0.00 | 1,290.00 | |
| Payments from SWBA (Network minister) | 1,250.00 | 625.00 | |
| TOTAL | 1,250.00 | 1,915.00 | |
| Payments: Restricted | |||
| Payments in respect of the Network Minister role |
1,875.00 | 0.00 | |
| New computer equipment | 128.99 | 1,059.92 | |
| Community initiatives | 387.80 | 181.99 | |
| TOTAL | 2,391.79 | 1,241.91 | |
| Surplus (deficit) for the year | -1,141.79 | 673.09 | |
| Balance bought forward from previous year | 5,705.40 | 5,032.31 | |
| BALANCE CARRIED FORWARD | 4,563.61 | 5,705.40 | |
| Breakdown: | |||
| For facilitating the church’s community initiatives | 4,563.61 | 5,080.40 | |
| For the network minister role | 0.00 | 625.00 | |
| BALANCE CARRIED FORWARD | 4,563.61 | 5,705.40 |
Page of 4 13
Hooe Baptist Church Receipts and Payments Account for 2023
Designated Funds
| £ | £ | ||
|---|---|---|---|
| 2023 | Note | 2022 | |
| Receipts: Designated: | |||
| For Other Causes | 1,910.50 | 5 | 2,204.47 |
| Designated Donations | 0.00 | 20.00 | |
| Income Tax Recovered on designated gifts | 462.63 | 4 | 450.62 |
| TOTAL | 2,373.13 | 2,675.09 | |
| Payments: Designated | |||
| For other causes | 1,584.72 | 5 | 3,306.00 |
| Pastoral | 162.58 | 18.00 | |
| Premises and equipment | 382.17 | 508.99 | |
| TOTAL | 2,129.47 | 3,832.99 | |
| Surplus (deficit) for the year | 243.66 | -1,157.90 | |
| Balance bought forward from previous year |
10,236.29 | 11,394.19 | |
| Transfer to Undesignated Funds | 2,190.22 | 16 | 0.00 |
| BALANCE CARRIED FORWARD | 8,289.73 | 10,236.29 | |
| Breakdown: | |||
| Mission Balance c/fwd | 0.00 | 16 | 1,072.64 |
| Pastoral Balance c/fwd | 2,281.69 | 2,444.27 | |
| Premises Balance c/fwd | 2,909.07 | 3,291.24 | |
| Youth Account c/fwd | 0.00 | 16 | 1,117.58 |
| In memory of Pamela Miller c/fwd | 506.24 | 506.24 | |
| Payable to other causes | 2,592.73 | 1,804.32 | |
| BALANCE CARRIED FORWARD | 8,289.73 | 10,236.29 |
Page of 5 13
Hooe Baptist Church Receipts and Payments Account for 2023
Undesignated Funds
| £ | £ | ||
|---|---|---|---|
| Receipts: Undesignated: | 2023 | Note | 2022 |
| Giving | 28,980.70 | 3 | 32,527.25 |
| Income Tax Recovered on Undesignated Gifts | 6,780.18 | 4 | 7,580.82 |
| Electricity refund | 0.00 | 441.78 | |
| Interest received | 960.66 | 131.91 | |
| “Warm Spaces” Council grant | 1,700.00 | 0.00 | |
| Other income, including use of premises | 1,610.72 | 2,086.39 | |
| TOTAL | 40,032.26 | 42,768.15 | |
| Payments: Undesignated: | |||
| Ministry | 19,838.19 | 6 | 19,217.59 |
| Running costs | |||
| Pension deficit contributions | 13.00 | 7 | 2,191.36 |
| Manse | 3,037.55 | 8 | 2,737.19 |
| Church Building | 4,490.78 | 9 | 5,240.65 |
| Administration | 3,675.23 | 10 | 3,653.22 |
| Premises and maintenance | 1,140.95 | 11 | 807.64 |
| Mission, outreach and youth | 393.06 | 12 | 1,557.06 |
| To Other Causes | 7,573.00 | 5 | 8,293.00 |
| TOTAL | 40,161.76 | 43,697.71 | |
| Surplus (deficit) for the year | -129.50 | -929.56 | |
| Balance bought forward from previous year | 35,146.63 | 36076.19 | |
| Transfer from Designated Funds | 2,190.22 | 16 | 0.00 |
| BALANCE CARRIED FORWARD | 37,207.35 | 35,146.63 |
Page of 6 13
Statement of Assets and Liabilities as at 31st December 2023
| 2023 | Note | 2022 | |
|---|---|---|---|
| Assets | £ | £ | |
| Bank accounts | 9,189.46 | 39,438.93 | |
| Debtors | 7,242.81 | 15 | 11,649.39 |
| Held for Church's Own Use | 1,799,652.00 | 14 | 1,363,099.00 |
| Liabilities | |||
| Creditors | 1,875.00 | 15 | 0.00 |
| Baptist Pension Scheme: | |||
| Employer Shortfall Contribution to the now closed Defined Benefit Plan |
30.00 |
7 | 42.00 |
| Contributions paid during the year: | 13.00 | 2,191.36 |
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: 12 March 2024 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.
| 2023 | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| UndesignatedDesignated | Restricted | Total | Total | |||
| Note | £ | £ | £ | £ | £ | |
| 3 | Giving | |||||
| Oferings and donations - Gift Aid + GASDS |
27,120.70 | 1,850.50 | 28,971.20 | 32,125.72 | ||
| Oferings and donations - non- Gift Aid |
1,860.00 | 60.00 | 1,920.00 | 3,126.00 | ||
| Total | 28,980.70 | 1,910.50 | 0.00 | 30,891.20 | 35,251.72 | |
| Income tax recoveredon | ||||||
| 4 | gifts to the church, via | 6,780.18 | 462.63 | 0.00 | 7,242.81 | 8,031.44 |
| HMRC gift aid scheme | ||||||
| 5 | Raised for Other Causes (including assigned gift aid) | |||||
| Release International | 153.75 | 153.75 | 153.75 | |||
| BMS World Mission - Relief Fund |
268.75 | 268.75 | 583.50 | |||
| BMS World Mission - Harvest Appeal |
100.00 | 100.00 | 287.84 | |||
| Avail Bolivia | 143.75 | 143.75 | 147.50 | |||
| Tearfund - Earthquake appeal | 368.75 | 368.75 | 75.00 | |||
| Tearfund | 144.38 | 144.38 | 527.50 | |||
| Mission Aviation Fellowship | 131.25 | 131.25 | 125.00 | |||
| Shekinah Mission | 156.25 | 156.25 | 75.00 | |||
| D&C Refugee Centre | 125.00 | 125.00 | 125.00 | |||
| Children’s Society | 0.00 | 0.00 | 186.25 | |||
| DCBC Allotment Fund | 226.25 | 226.25 | 87.50 |
Page of 8 13
| Plymouth Food Bank | 85.00 | 85.00 | 75.00 | |||
|---|---|---|---|---|---|---|
| Trevi House | 362.50 | 362.50 | 0.00 | |||
| Wycliffe Bible Translators | 107.50 | 107.50 | 206.25 | |||
| Total | 0.00 | 2,373.13 | 0.00 | 2,373.13 | 2,655.09 | |
| Paid or due to Other Causes (including assigned gift aid) | ||||||
| Home Mission | 3,156.00 | 3,156.00 | 3,372.00 | |||
| BMS World Mission - General |
3,156.00 | 3,156.00 | 3,372.00 | |||
| BMS World Mission - Relief Fund and Ukraine appeal |
268.75 | 268.75 | 746.00 | |||
| BMS World Mission - Harvest Appeal |
741.59 | 741.59 | 641.59 | |||
| Avail Bolivia | 480.00 | 143.75 | 623.75 | 880.25 | ||
| Macmillan Cancer Support | 113.35 | 113.35 | 113.35 | |||
| Tearfund | 305.63 | 305.63 | 1,021.25 | |||
| Tearfund - Earthquake | 125.00 | 368.75 | 493.75 | |||
| l | ||||||
| Prison Fellowship - Angel Tree |
0.00 | 81.25 | ||||
| CRP Schools Project | 6.00 | 6.00 | 168.00 | |||
| International Nepal Fellowship |
0.00 | 562.50 | ||||
| Interserve | 482.00 | 482.00 | 504.00 | |||
| Wycliffe Bible Translators | 313.75 | 313.75 | 286.25 | |||
| Mission Aviation Fellowship | 131.25 | 131.25 | 363.75 | |||
| Shekinah Mission | 205.00 | 205.00 | 48.75 | |||
| Plymouth Street Pastors | 168.00 | 168.00 | 168.00 | |||
| D&C Refugee Centre | 125.00 | 125.00 | 366.25 | |||
| Children’s Society | 190.00 | 190.00 | 190.00 | |||
| DCBC Allotment Fund | 313.75 | 313.75 | 87.50 | |||
| Plymouth Food Bank | 85.00 | 85.00 | 75.00 | |||
| Release International | 509.38 | 509.38 | 355.63 | |||
| Trevi House | 362.50 | 362.50 | ||||
| Total | 7,573.00 | 4,177.45 | 0.00 | 11,387.95 | 13,403.32 | |
| Of the £4,177.45 paid or due within the Designated Fund, £1,584.072 was paid out | during | |||||
| the year and £2,592.73 was due | to be paid out as at 31 December 2023 | |||||
| 6 | Ministry | |||||
| Stipend and pension | 18,697.20 | 0.00 | 0.00 | 18,697.20 | 18,622.59 |
Page of 9 13
| Ministry Expenses | 541.99 | 0.00 | 0.00 | 541.99 | 0.00 |
|---|---|---|---|---|---|
| Pulpit Expenses | 599.00 | 0.00 | 0.00 | 599.00 | 595.00 |
| 19,838.19 | 0.00 | 0.00 | 19,838.19 | 19,217.59 |
7 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.
| 2023 | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| Undesignated Designated | Restricted | Total | Total | |||
| £ | £ | £ | £ | £ | ||
| 8 | Upkeep of Manse | |||||
| Council Tax | 1,855.95 | 1,855.95 | 1,779.09 | |||
| Water Charges | 620.00 | 620.00 | 395.86 | |||
| Communications | 561.60 | 561.60 | 562.24 | |||
| 3,037.55 | 0.00 | 0.00 | 3,037.55 | 2,737.19 | ||
| 9 | Upkeep of Church | |||||
| Broadband | 460.80 | 460.80 | 460.80 | |||
| Utilities | 2,715.98 | 2,715.98 | 2,274.85 | |||
| Cleaning | 1,314.00 | 1,314.00 | 2,505.00 | |||
| 4,490.78 | 0.00 | 0.00 | 4,490.78 | 5,240.65 | ||
| 10 | Administration | |||||
| Insurances | 1,643.49 | 1,643.49 | 1,702.25 | |||
| Subscriptions and Licences | 1,137.80 | 1,137.80 | 1,234.59 | |||
| Website | 129.00 | 129.00 | 129.00 | |||
| Bank charges | 62.25 | 62.25 | 143.90 | |||
| Other sundry items | 702.69 | 702.69 | 443.48 | |||
| 3,675.23 | 0.00 | 0.00 | 3,675.23 | 3,653.22 | ||
| 11 | Equipment and maintenance | |||||
| Church maintenance | 246.59 | 382.17 | 628.76 | 486.51 | ||
| Manse maintenance | 894.36 | 894.36 | 407.48 | |||
| 1,140.95 | 382.17 | 0.00 | 1,523.12 | 893.99 | ||
| 12 | Mission, outreach and youth |
Page 10 of 13
| Mission, outreach and youth | 57.10 | 57.10 | 89.43 | |||
|---|---|---|---|---|---|---|
| Training | 83.96 | 83.96 | 1,040.00 | |||
| Youth | 252.00 | 252.00 | 427.63 | |||
| 393.06 | 0.00 | 0.00 | 393.06 | 1,557.06 | ||
| 13 | 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. |
14 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.
| Asset Values | Asset Values | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Church Premises at 29 Hooe Rd, Plymouth | £ | £ | ||
| - Insured Value | 1,266,595 | 899,890 | ||
| Church Fittings and Equipment | ||||
| - Insured Value | 131,611 | 93,424 | ||
| Church Manse at 1 Stefan Close, Plymouth | ||||
| - Insured Value | 391,446 | 359,785 | ||
| Church Manse - Contents | ||||
| - Insured Value | 10,000 | 10,000 | ||
| Total | 1,799,652 | 1,363,099 | ||
| 15 | Creditors and debtors | |||
| 2023 | 2022 | |||
| Debtors | ||||
| Gift aid tax reclaim to 31 December | 7,242.81 | 8,445.20 | ||
| Total | 7,242.81 | 8,445.20 | ||
| Creditors | ||||
| WEB payroll | 1,875.00 | 0.00 | ||
| Total | 1,875.00 | 0.00 | ||
| 16 | Internal transfers | |||
| In accordance with a decision of the Church Meeting on 4 December | 2022, the Mission | |||
| and Youth Account balances within the Designated Fund were transferred to the | ||||
| Undesignated Fund with efect from 1 January 2023. |
Page 11 of 13
Hooe Baptist Church - Associated Accounts 2023
| Organisation Opening balance |
Receipts | Payments / Transfers |
Closing balance |
|---|---|---|---|
| £ | £ | £ | £ |
| 1st Hooe Girls’ Brigade(Accounting year runs from 1 August - 31 July) | |||
| Accounts are kept by Mrs Hilary Fursdon and are independently checked | |||
| 2022 - 2023 1,516.12 |
1,085.45 | 1,329.20 | 1,272.37 |
| 2021 - 2022 1,154.27 |
2,257.05 | 2,055.69 | 1,355.63 |
| Addition of camp fund balance | 160.49 | ||
| 1,516.12 |
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 2023 was £13.00 (2022 £2,191.36).
Page 13 of 13